BestChange project blog

One of the trending and actively developing areas in the cryptocurrency segment is "game finance" (GameFi), so over the past few years, many projects have focused on this sector. One such project is BinaryX.

Most of the stablecoins on the cryptocurrency market are pegged to the USD exchange rate. At first, the issuers of the largest stablecoins, Tether and Circle, focused on issuing tokens tied to the USD, such as USDT and USD Coin (USDC).

Demand for stablecoins linked to the exchange rate of a particular currency continues to grow, but the number of available options for such assets has been quite modest for a long time.

Many projects develop products and protocols for the cryptocurrency market, such as crypto wallets, exchange, and credit protocols, and issue their tokens for one purpose or another. Examples of such projects include DEX exchange Uniswap, DEX aggregator 1inch, and wallets SafePal and Coin98.

Blockchains can be divided into two types: those that build their ecosystems (Layer 1) and those that build on existing ecosystems (Layer 2). The zkSync protocol belongs to the second category, i.e., Layer 2 (L2) blockchains.

In this article, we will discuss the GateToken (GT) cryptocurrency, which has a developed ecosystem and large community. Its issuer is the well-known crypto exchange Gate.io.

Stablecoins have become an alternative to fiat currencies for investors, providing a way to escape crypto-asset volatility without resorting to banks.

Over the past few years, among DeFi protocols, an increasing number of those launched their stablecoins, most often pegged to the U.S. dollar, such as the Ethena project, which launched the USDe token.

The RWA sector of the crypto industry has become one of the fastest-growing sectors over the past year, with new projects appearing more frequently and existing projects proliferating to attract more investors interested in investing in real-world assets combined with the transparency and security.

The main task of any stablecoin is to keep its price as close to the value of its underlying asset as possible. The more often and intensely the price of a stablecoin deviates from the exchange rate of the underlying asset, the higher the probability of its complete detachment (depegging).

Most stablecoins are pegged to the exchange rate of some fiat currency, most often the US dollar (USD) or the euro (EUR). However, some are pegged to other traditional market assets, such as gold.

Ethereum is one of the most popular assets in the crypto market. Investors in different market phases often "pour" their capital from other altcoins into Ethereum cryptocurrency.

The Shiba Inu cryptocurrency has held the title of the largest memcoin after Dogecoin throughout its popularity. Memcoins like Shiba Inu can skyrocket in value, allowing investors to lock in profits in a fiat currency like the US dollar.

After the surge in popularity of the Bonk token, Solana has become one of the most used blockchain networks for issuing memcoins. Since 2023, thousands, if not tens of thousands, of similar assets have been released, but over 99% of them have not gained much popularity.

Chainlink is one of the leading solutions that provide blockchain oracles for exchanging data between smart contracts and external Web2 interfaces.

Shiba Inu is one of the leading memcoins with a large community. It has almost caught up with the leader of this segment, Dogecoin, by the number of Twitter followers (X).

In 2024, Toncoin became one of the fastest-growing ecosystems in the cryptocurrency market, while the Cardano blockchain's activity indicators continued to fall. In 2024, Toncoin also surpassed Cardano in capitalization, displacing it to the tenth position in the overall cryptocurrency ranking.

One of distributed network developers' most popular focus areas is solving the blockchain performance, security, and decentralization problem. Many of them, like the Conflux team, offer their unique solution.

The Egyptian pound is the only legal tender in Egypt, so tourists and new residents are advised to purchase some of this currency.

Memcoins have become one of the main trends in the crypto industry in 2023-2024. Some of the assets of this segment were even able to surpass in capitalization quite strong projects, such as Celestia, Pyth Network, MultiversX, Sei, and others.

USDC is the third most capitalized stablecoin in the cryptocurrency market after USDT and FDUSD and is one of the most popular assets among users and exchangers.

Although the Ripple protocol was launched in 2012, it is faster than its main competitors, Bitcoin and Ethereum. The average transaction confirmation time in Ripple is only 4 seconds. Therefore, Ripple is better suited than many competitors for making fast and inexpensive payments.

Memcoins have populated almost every major ecosystem: they started with Ethereum, then moved to Solana, Avalanche, and TON, and now to the Bitcoin blockchain.

With the advent of DeFi protocols Uniswap and 1inch, decentralized trading on the blockchain via smart contracts became available. Still, their functionality was limited: users could only trade via market orders, become liquidity providers, or participate in voting (DAO).

While some investors withdraw cryptocurrency into stablecoins and fiat, others often "pour" capital from one altcoin into another. This is the best solution if the ultimate goal is to buy cryptocurrency, not to lock in a profit (or loss).

As of June 2024, Solana and Toncoin have seen significant ecosystem growth. These blockchains, for example, have launched popular memcoins, such as BONK and BOME on Solana and Notcoin on Toncoin.

Dogecoin is the first, leading, and most popular memcoin in the cryptocurrency market. Like any memecoin, Dogecoin is prone to volatility, which means that investors and traders may need to exchange DOGE for a more stable asset, such as USDT stablecoin, at any time.

Shiba Inu was the first popular memcoin in the Ethereum ecosystem and second in terms of capitalization after Dogecoin.

This article explains the secret of Notcoin's success and explains why this project has attracted the attention of millions of users around the world.

The TON ecosystem has become the fastest-growing ecosystem since the beginning of 2024, according to the calculations of on-chain analysts: during this period, it has grown by 1500% and continues to grow actively.