This week, let’s start off with the biggest news: KCS has reached its highest value since February 2018. But more on that later. Looking at the other suspects, ETH, which started the week at $1,661 moved above $2,000 once again, up to $2,145 at one point. Meanwhile, BTC reached $60,179 before returning to around $58,000 where it remains.
If all that wasn’t exciting enough, we still have three altcoins to look into this week, which the KuCoin blog will walk you through now.
WINk is a gaming platform based on TRON. It allows users to play, socialize, and stake across multiple blockchain. On top of a fully-developed gaming ecosystem, WINk also enables developers to build DApps, which leads to further participation by end users. WIN is the platform token, being used for staking and governance, discounts, exclusive opportunities and more.
It seems that high gas fees on the Ethereum blockchain is leading more people to search for alternatives. Specifically, DeFi investors have found solace in yield-farming on WINk, where they are able to earn great returns at a significantly lower upfront cost by staking with WIN. It is also worth noting that the news of Coinbase’s IPO has led to a rush of people getting involved with crypto, with many likely seeing the opportunity with the WIN token, leading to it achieving a 576.6% 7-day ROI.
Trade WIN and 200+ other altcoins on KuCoin.
TRON is a Blockchain-based decentralized operating system that is dedicated to building the infrastructure for a truly decentralized internet. TRON hosts a whole ecosystem of projects on its blockchain, which boasts high throughput, scalability, and availability. TRX is the MainNet token based on the TRON Protocol and is used as the basic unit of accounts on the TRON blockchain.
What brings TRX to the forefront this week is likely down to USDT, Tether’s stablecoin, reaching a circulation of almost $20 billion on the TRON blockchain alone. This makes up a significant portion of the amount currently in circulation and may even surpass that of USDT issued on Ethereum. With great news like this, along with the heightened exposure cryptocurrencies are experiencing due to CoinBase going public, have led to TRX achieving a 105.2% 7-day ROI.
Trade TRX and 200+ other altcoins on KuCoin.
KuCoin Token (KCS)
With continuing focus from KuCoin on empowering the token and its position in the developing ecosystem of KuCoin and KuChain, it seems KCS is getting traction in the market. Speaking of KuChain, there was the recent announcement about KuChain’s test network Kratos beta coming to an end and KuChain will upgrade to KuCoin Community Chain (KCC). The KuChain Test Network Kratos' token KTSt was then converted to KCS at a ratio of 200:1, meaning more people experienced the joy of receiving the KuCoin KCS Bonus, on top of promising developments in the development of KuChain. Together, this resulted in KCS achieving a 110.2% 7-day ROI.
Trade KCS and 200+ other altcoins on KuCoin.
Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin is not liable for investment gains or losses.
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