Prom, Uniswap (UNI), Venus Protocol (XVS), and These Cryptos Have Potential Price-Changing Updates to Leverage
The cryptocurrency world is alive with anticipation as several major projects tease significant announcements and launches in the coming days and weeks. From protocol upgrades to new platforms, these developments could catalyze volatility across various crypto assets. This article, compiled from a post by @layerggofficial on X, delves into the buzzing updates.
Bitcoin Halving Countdown: One of the biggest events on the horizon is Bitcoin’s halving, approximately three weeks away. This cyclical occurrence, hard-coded into Bitcoin’s protocol, reduces the rate at which new bitcoins are minted, constricting supply. Historically, halvings have preceded bull markets, fueling speculation of potential price surges for Bitcoin and related assets like Ordinals (ORDI), Ratstoken (RATS), and Stacs (SATS).
Base Chain L3 and Aavegotchi: Transactions and decentralized exchange (DEX) volumes on Base, a layer 2 blockchain, have reached new all-time highs. Notably, Aavegotchi has chosen Base as the settlement layer for its Gotchichain (L3), driving demand for Base’s native token GHST.
Farcaster’s Billion-Dollar Valuation: Farcaster, a novel social media platform, has secured funding from Paradigm at a valuation exceeding $1 billion. This influx of capital could propel the growth of the platform and its associated meme token, DEGEN.
Lends Interface Upgrade: The Lends decentralized application (dApp) has introduced a revamped interface, streamlining the processes of borrowing, swapping, and yield farming for its native LENDS token.
Litentry and MovieBloc Teasers: Litentry (LIT) and MovieBloc (MBL) have piqued community interest with hints of major announcements slated for early April, potentially impacting their respective tokens.
Prom NFT Marketplace: Prom, a blockchain project, has unveiled plans to launch its inaugural non-fungible token (NFT) marketplace on April 1st, enabling trade of unique digital assets.
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Show more +Synthetix Treasury Approvals: The Synthetix Treasury has greenlit proposals STP-17 and STP-18, paving the way for the launch of perpetual futures (perps) on the Solana and Sui blockchains. This cross-chain expansion could bolster the SNX token’s utility.
Uniswap Extension Incoming: Uniswap, a leading decentralized exchange, has teased an upcoming “Uniswap Extension,” though details remain scarce. The revelation has stoked speculation about potential new features or services for the UNI token.
Venus Protocol Announcement: Another major protocol, Venus, has a significant announcement slated for April 1st, potentially impacting the price dynamics of its native XVS token.
Meme Token Mania: In a lighthearted twist, the founder of the popular Doodles NFT project has launched a meme token dubbed POOP, while renowned digital artist Beeple is promoting MFER. These celebrity endorsements could drive speculative trading frenzies.
Mocaverse NFT Public Sale: Finally, Mocaverse NFT has unveiled details of its forthcoming public sale, offering investment opportunities in its native digital collectibles.
As this flurry of updates and announcements unfolds, crypto enthusiasts and traders will be closely monitoring potential price movements across the mentioned assets. However, as with any emerging and volatile market, prudent risk management remains essential.
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