Polkadot Introduces Asynchronous Backing, Ondo Ads OUSG Support and KangaMoon to Disrupt the Billion-Dollar Industry
The post Polkadot Introduces Asynchronous Backing, Ondo Ads OUSG Support and KangaMoon to Disrupt the Billion-Dollar Industry appeared first on Coinpedia Fintech News
Ondo (ONDO) has seen a major increase in appeal following Ondo Finance’s addition of 24/7/365 minting and redeeming for OUSG following major requests. In addition, Polkadot (DOT) is also experiencing a major price uptrend, as it launched Asynchronous Backing on top of the platform, which is an optimized approach for how parachain blocks get validated by the Relay Chain.
However, the most significant uptrend has been experienced by KangaMoon (KANG) as its risen 400% fueled by the major interest and appeal of its unique offering. To see which crypto can spike the most we will analyze their on-chart data individually. By the end, we will see which is the best cryptocurrency to invest in.
Polkadot (DOT) Introduces Asynchronous Backing
Polkadot (DOT) is at the forefront on the charts as it has consistently showcased positive metrics. Specifically, the Polkadot crypto was affected by the recent launch of Asynchronous Backing, which represents an optimized approach for how parachain blocks get validated on the Relay Chain.
This enables blocks to be produced 2x faster, have 3x to 5x more extrinsic per block ,and have 6x to 10x more boost in available blockspace with higher utilization of parachain blocks. As a result, the Polkadot price is now pushing upwards fueled by positive RSI and MACD data. According to the Polkadot price prediction, the crypto can end 2024 at $9.91, making it the best coin to invest in.
Ondo (ONDO) Introduces Instant 24/7/365 Minting and Redeeming for OUSG
Ondo (ONDO) is also bullish on the charts as its platform recently saw a major addition. This spiked interest in the Ondo crypto and can be the catalyst that fuels its future. According to Ondo Finance’s latest announcement, instant 24/7/365 minting and redeeming for OUSG went live, with new, lower minimums for instant transactions.
Alongside this, they launched a new form of OUSG, known as rOUSG, which has a constant $1 per share mint and redeem price with yield distributed each business day. As a result, the Ondo price could soon experience an even higher uptrend fueled by this update, and this could position it as the best coin to invest in. According to the Ondo price prediction, the crypto can end Q4 of 2024 at $1.16.
KangaMoon (KANG) to Disrupt Colossal Meme Coin and P2E Industry
The colossal meme coin and Play-to-Earn (P2E) industry is on the edge of a paradigm shift with the arrival of KangaMoon (KANG) as it boasts a robust utility and is designed to empower user participation and engagement with various opportunities for earning.
This pioneering project provides a unique blend of P2E and Social-Fi elements, crafting a captivating digital playground that has a rich feature-set. Through it, users can create virtual KangaMoon characters, upgrade them and then connect with other players to battle or engage in tournaments while earning KANG tokens or NFTs as rewards.
Weekly, monthly and quarterly challenges also provided additional avenues for acquiring KANG tokens, and this rewards active involvement while also fostering a vibrant community. This is evident as the ecosystem already reached 20,000 users and raised $6.6 million, with analysts speculating that it can reach $7 million by the end of the month.
KangaMoon’s commitment towards a thriving ecosystem goes beyond the core functionalities, as they have recently collaborated with RaidSharksBot in order to inject a surge of user-engagement. The KANG token also spiked 400%, rising from $0.005 to $0.025. At this rate, analysts are projecting a major 5,000% price increase following its launch. These aspects position it as the best cryptocurrency to invest in.
Summary
Polkadot has undergone a major launch, and Ondo introduced a feature that the community has been asking for. These can be the driving forces for their upwards price trajectory. Yet a lot of appeal is going towards KangaMoon which provides an opportunity for traders looking to jump into the P2E space and gain front-row seats to the revolution of meme coins.
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