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El Salvador has made a significant shift in its fiscal approach, with President Nayib Bukele announcing that the country will no longer rely on external debt to fund its budget. Since Bukele’s administration began, El Salvador has integrated Bitcoin into its economic system, becoming the first nation to officially adopt cryptocurrency as legal tender.
Meanwhile, crypto analysts have shown optimism on Bitcoin’s weekly chart, highlighting a bullish consolidation pattern that could lead to the next market surge. He also points out several upcoming events that may contribute to driving this potential rise in the market. Hence, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar.
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Worldcoin (WLD) has experienced steady growth, increasing for three consecutive days after expanding its services to new countries. ThorChain, a decentralized cross-chain protocol, has recently gained attention due to its integration with the LI.FI ecosystem. The rising value of Telegram Open Network’s (TON) native token has also caught attention, particularly in light of the regulatory challenges Telegram currently faces.
Ronin, an Ethereum Virtual Machine (EVM) blockchain built for gaming by Sky Mavis, the developers behind the popular Web3 game Axie Infinity, is also making waves. Meanwhile, the Mega Dice token (DICE) is generating excitement ahead of its listing on Solana’s Raydium DEX on September 30th. Additionally, PayPal has expanded its services, allowing merchants to buy and sell cryptocurrency.
1. Worldcoin (WLD)
Worldcoin (WLD) has seen consistent growth, rising for three consecutive days following the expansion of its services to additional countries. The token recently tested the $2 resistance level, marking its highest point since early August and reflecting a 54% increase from its lowest level that month.
The developers have introduced World ID to new regions, including Guatemala, Malaysia, and Poland, adding to its presence in countries like Argentina, Chile, Austria, Mexico, and the United States. This expansion has led to over 6.7 million World ID verifications, with 155,000 new accounts registered in the past week.
Additionally, wallet activity has surged, with total wallet transactions reaching 142 million and daily transactions nearing 400,000. The current price of Worldcoin is $2.06, showing a 10.48% rise in the past 24 hours and a 21% increase over the past year.
1 week, 3 World ID verification launches 🇬🇹🇲🇾🇵🇱 pic.twitter.com/CwwNPNUPzh
— Worldcoin (@worldcoin) September 25, 2024
Technical indicators remain positive, with 19 out of several key metrics suggesting bullish momentum. This growth, along with a notable 16 days of upward price movement over the last 30 days, signals potential strength for the token. However, as always, price trends should be monitored closely.
2. THORChain (RUNE)
ThorChain, a decentralized cross-chain protocol, recently gained attention with its integration into LI.FI’s ecosystem. This integration, announced on August 14, enables native Bitcoin swaps through ThorChain and enhances Bitcoin transfers across Ethereum Virtual Machine (EVM) chains. Powered by SwapKit, the collaboration also simplifies the process of exchanging Bitcoin for other cryptocurrencies within these networks.
Moreover, this development seeks to expand Bitcoin’s accessibility and support its use in decentralized finance (DeFi) applications. LI.FI emphasized that the new feature specifically addresses issues faced by EVM users when attempting to purchase Bitcoin. Now, they can seamlessly buy Bitcoin or exchange it for other assets using their preferred wallets. Furthermore, ThorChain has been added to LI.FI’s supported bridges offer users competitive rates for token swaps and cross-chain transactions.
Every 3 days, new validators join and old nodes are kicked from the active set. New vaults are created and 100% of funds are migrated over.
This is how you administer a truly decentralised & capture resistant liquidity network https://t.co/msI09rsQ2O
— THORChain (@THORChain) September 26, 2024
ThorChain had previously suspended operations due to security concerns, but its token, RUNE, has shown significant performance since resuming. RUNE trades at $5.12, with a 1.30% increase in the last 24 hours and a 20.81% rise over the past month. Over the past year, it has outperformed major cryptocurrencies like Bitcoin and Ethereum, posting a 194% price gain. It is also trading 74.56% above its 200-day simple moving average.
3. Toncoin (TON)
The recent surge in the value of Telegram Open Network’s (TON) native token has drawn attention, especially given the regulatory challenges currently facing Telegram. Despite these pressures, TON’s price rose by 6%, reflecting the cryptocurrency’s resilience in uncertain times.
Telegram and its CEO, Pavel Durov, have been at the center of media attention due to legal disputes and regulatory scrutiny. One key issue stems from the misuse of Telegram’s Search feature, which some users have exploited for illegal activities such as selling illicit goods. In response, Durov announced updates to the platform’s moderation policies through his personal Telegram channel.
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This week, TON blockchain has seen record traffic, with new projects bringing unprecedented on-chain activities to Web3.
On September 20, @CatizenAI officially launched with 18M monthly active users, followed by Rocky Rabbit… pic.twitter.com/RPM1CrHqXF
— TON 💎 (@ton_blockchain) September 25, 2024
Despite these challenges, TON has shown notable growth. Recently, the token experienced a 6.37% increase in market value over 24 hours, with a 5.17% rise over the past week. Currently, TON is trading at $5.77, reflecting a 0.90% uptick in the last 24 hours.
4. Ronin (RON)
Ronin is an Ethereum Virtual Machine (EVM) blockchain built with a focus on gaming, developed by Sky Mavis, the creators of the popular Web3 game Axie Infinity. Axie Infinity alone has generated over $1.3 billion in revenue, and Ronin has shown its capability to support a single game with millions of daily active users. It has also handled over $4 billion in NFT transactions, demonstrating its ability to scale efficiently.
Ronin’s main strengths lie in its near-instant transaction processing and minimal fees, enabling seamless in-game transactions for Web3 games. In its first nine months, the blockchain attracted 250,000 unique daily active addresses and accumulated $5 billion in total value locked (TVL). It has also seen over 2 million wallet downloads and facilitated 15% of all NFT transactions in the market. Its decentralized exchange (DEX), Katana, ranks as the second-most used DEX by weekly active users, allowing token swaps within the Axie Infinity ecosystem.
1/ Seven New Games, Forging on Ronin
Welcome to Ronin, builders ⚔️
In June, we opened applications to Ronin Forge — a gateway for studios to build on Ronin.
Today, we’re excited to welcome seven Ronin Forge builders!
Here are the studios joining our movement 🧵👇 pic.twitter.com/E1S8KxpU5j
— Ronin (@Ronin_Network) September 19, 2024
Ronin’s performance, particularly its ability to scale for gaming and drive high transaction volumes, makes it a prominent choice for Web3 projects, especially in the gaming sector. However, its future performance will depend on continued development and adoption in the evolving blockchain space.
5. Mega Dice ($DICE)
Mega Dice token (DICE) is generating excitement as it approaches its exchange debut, scheduled for September 30th on Solana’s Raydium DEX. The token launch comes amid growing interest in the GambleFi sector, with DICE seen as a potential high-growth asset. Presale investors will be able to claim their tokens on the project’s website by connecting their wallets on the listing day.
The token’s presale has already raised nearly $2 million, drawing attention from both retail and institutional investors. The DICE token is currently priced at $0.116056, offering a chance for investors to enter the presale affordably. Some analysts have identified DICE as a standout within the GameFi ecosystem, citing its potential for exponential growth. The presale has attracted significant investment, including large contributions from high-net-worth individuals.
This rise in interest in Mega Dice parallels broader trends in the GambleFi space, where established platforms like Rollbit are also seeing renewed inflows. Rollbit, a major player in the crypto casino market, currently has a market cap exceeding $200 million. It has been highlighted as a potential long-term gainer, signaling broader confidence in the crypto casino model.
$DICE Launch on Raydium 🚀
We’re excited to share that $DICE will officially launch on Raydium DEX on September 30th at 15h00 CET! 🎉
Get ready for the next big step in #GameFi on #Solana as we bring you unparalleled opportunities and exciting rewards, including exclusive… pic.twitter.com/qvAND54tbk
— Mega Dice Casino (@megadice) September 20, 2024
One of the distinguishing features of Mega Dice is its emphasis on transparency and regulatory compliance. It is the first fully licensed Telegram casino, holding a gaming license from Curaçao, and it undergoes regular security audits to ensure operational integrity.
While Rollbit currently holds a strong position in the market, Mega Dice, with its lower market cap, may offer higher upside potential for investors. As it continues to roll out new features and secure a foothold in the market, the future of the DICE token remains a point of interest for many within the crypto space.
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