Top 3 Altcoins to Look for in May

The finest altcoins offer new ideas, strong community support, and long-term viability. Keeping up with new altcoins and trends in this industry is crucial.

Altcoins offer a variety of investment choices, including decentralized finance (DeFi) platforms, non-fungible tokens (NFTs), and blockchain-based gaming platforms, which attract investors and traders. These under $1 altcoin have the potential to yield profits of over 100x.

Kaspa update

Kaspa is a proof-of-work (PoW) cryptocurrency that uses the GHOSTDAG system. GHOSTDAG, in contrast to conventional digital currencies, has no reject blocks developed in parallel instead, it permits their coexistence and arranges them in a majority.

The native currency of the initiative is KAS, which is utilized to complete all activities on the chain as well as for distributing mining incentives. Since KAS is a Layer 1 token rather than a token, referring to it as a “coin” is inappropriate.

Kaspa get listed on Kucoin

One of the most popular cryptocurrency exchanges in the world, KuCoin, has recently made an announcement on the listing of Kaspa (KAS) on their platform, and they have started accepting deposits as of 2:00 AM (UTC) on May 6th.

This listing gives new trading opportunities to both existing users of KuCoin and new users who sign up for the site, significantly expanding its wide offering of digital assets. Traders now have a new possibility to acquire KAS as a result of KuCoin expanding its already broad list of supported digital assets to include Kaspa.

Users will be able to trade the KAS/USDT pair once the listing is complete, which will further diversify their portfolios and allow them to take advantage of the possibilities of this new project.

A new exchange listed #Kaspa! @kucoincom , one of the world's leading cryptocurrency exchanges, has listed $KAS. Deposits Are open, offering new trading opportunities via $KAS / $USDT

Another significant step towards #adoption! https://t.co/03XBIpT0qJ pic.twitter.com/sQ8ql0YvOA

— Kaspa (@KaspaCurrency) May 6, 2023

Users of KuCoin can now look forward to making deposits, and the trading and withdrawal dates will be released shortly thereafter. This listing is a further step ahead in Kaspa’s continued effort to give people with a currency that can be used in everyday life, an authentic crypto use-case of adoption, and to function as actual money.

Traders can get ready to investigate the new KAS/USDT trading pair and capitalize on the prospects that Kaspa offers to the cryptocurrency market.

What happened with Kaspa during the past month and a half?

Recently, a decreasing pattern has become visible in Kaspa, as seen by the currency’s loss of -14.97% in value over the past 30 days. The general pattern for Kaspa over the past several months has remained positive, as the price of KAS has risen by 411.00% in the past three months.

The outlook for Kaspa over the longer term seems optimistic, as evidenced by the 12,312.00% one-year price change that KAS is currently showing. On this day one year ago, the price of one KAS token was $0.000230. On April 2, 2023, the selling price of Kaspa reached its highest point ever, which was $0.042511, and it remained at that level until today.

The current high point of the KAS cycle is $ 0.032908, while the low point of the cycle is $ 0.022329. Recent trading activity for KAS has had a significant degree of fluctuation, as indicated by the coin’s current one-month fluctuation level of 12.28. In the previous thirty days, Kaspa had thirteen days that were considered green.

What is Kadena?

Kadena, an initiative-grade proof-of-work (PoW) blockchain, is built on the Layer 1 protocol. Its primary objective is to provide an integrated blockchain solution that is both highly flexible and user-friendly for software developers, and it promises to provide a level of security comparable with that of Bitcoin.

To do this, Kadena makes use of an innovative consensus system referred to as Chainweb and a programming syntax called Pact. Kadena provides industrial scalability for globalized banking networks. Unlike Bitcoin, it promises to be sustainable at scale and process a greater number of transactions using the same energy.

Kadena additionally provides digital fueling stations, which enable organizations to invest in their customers’ gas fees and remove a major barrier to commercial blockchain adoption.  Visit our guide to the best altcoins to buy now for 2023 here.

Kadena could work with Avorak AI to speed up transactions

Avorak AI develops advanced blockchain AI algorithms. Algorithms from the organization accelerate, secure, and optimize transactions using blockchain technology. Interestingly, it provides advanced AI tools to marketers, designers, and enterprises. Avorak AI’s trade program can instantly evaluate vast volumes of knowledge.

This would enable the creation of tools to scale blockchains like Kadena. Avorak AI’s systems could speed up trades on Kadena’s blockchain network. Trades can be performed rapidly and safely with Kadena’s ScalableBFT consensus method and Avorak AI’s advanced algorithms.

Through SEC legal battle, Ripple CEO shocks XRP community

Despite the ongoing legal dispute with the SEC, Ripple CEO Brad Garlinghouse has expressed his gratitude for the help from the XRP community. Ripple’s leadership has thanked the community’s support despite the problems and changes that have occurred between both sides.

Garlinghouse recently took part in the XRP Las Vegas 2023 meeting and commended the community’s sense of togetherness, pointing out that he is unable to sufficiently express his thanks due to a lack of adequate words.

Bradley Kimes, who was also the founder of Digital Perspective, will host an exclusive conference for members of the XRP community over the course of two days. Ripple is hopeful regarding the result of the legal battle, and the company thinks that it will be resolved in the first half of 2023.

The most recent events at Ripple and the SEC

Pro-XRP lawyer John Deaton claims that recent developments have undermined the SEC’s case against Ripple, including a legal document that recognizes XRP purchases as investments in a joint enterprise. The SEC’s rationale may encompass all future purchases, even in countries that recognize XRP as a fiat currency, according to Deaton.

These events may have an impact on the legal case and cryptocurrency regulation. The regulator has been attacked by Ripple for enforcing regulatory action without offering clear regulations for US crypto participants.
Industry insiders hope the Ripple lawsuit will clarify the SEC’s security definition. At press time, XRP was trading at $0.46, up 0.65% daily.

Conclusion

The use of blockchain technology, which consists of both centralized and decentralized methods of operation, may prove extremely useful in the future.

As is typical with the introduction of any new form of technology, the blockchain is an innovative concept that will at first generate conflict. However, in the long run, it may encourage the growth of a more comprehensive ecosystem that incorporates both the traditional approach and the more recent invention.

Related

• XRP Price Prediction – XRP Finds an Anchor at $0.45. Can XRP Rebound to Its Previous Resistance?
• Ripple Might Consider New Settlement Terms, Says XRP-Friendly Lawyer
• XRP Price Prediction: Will We See Further Decline To The $0.44947 Support?

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