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It is not a great weekend for the crypto market as all indicators have fallen. However, the Solana ecosystem has received a boost from the recent increase in the prices of some trending tokens. This article highlights four of these tokens and why they are worth considering.
Also, the story of the financing received by Helius may renew investor interest in the Solana ecosystem. The developer platform dedicated to advancing application development on the Solana blockchain has secured a Series A funding round totaling $9.5 million.
Most popular crypto coins on Solana
In addition, figures within the Solana ecosystem, including Balaji Srinivasan, Anatoly Yakovenko, Raj Gokal and Kyle Samani, also contributed to the funding. Helius wants to streamline the application development process on Solana by taking advantage of the scalability and configurability of the blockchain. With this financing, Helius wants to accelerate the adoption of crypto-powered systems. It also helps address the challenges developers face within the Solana ecosystem. The details of the trend in the ecosystem are discussed below.
1. CHIN (CHIN)
KIN is a cryptocurrency developed by the team behind Kik’s popular chat application. With its unique features and wide adoption, KIN has positioned itself as a key player in powering decentralized digital services.
In September 2017, Kik raised an impressive $98 million in a token sale that attracted more than 10,000 participants. Before that, another $50 million was secured through a pre-sale in August. KIN later migrated to the Stellar blockchain before finding its current home on Solana.
Furthermore, KIN acts as the primary currency within the Kik app and any other application developed on the Kin blockchain. It acts as a payment option and rewards developers for their contributions to the ecosystem. Users can also use KIN seamlessly for transactions and drive platform engagement.
Users can choose from several supported wallets to interact with the Kin blockchain, including Coin98, Sollet, and Blocto. Additionally, these wallets provide easy access to KIN, allowing users to securely store the cryptocurrency and transact with it.
One of the unique aspects of KIN is the ability to make money through the Kik app. Users can earn KIN by completing simple tasks, further promoting engagement within the platform. Furthermore, KIN can be traded on various exchange platforms, allowing users to take advantage of short- or long-term profit opportunities.
However, with its solid foundations and growing ecosystem, KIN continues to attract attention within the cryptocurrency community. The ability to adapt to different blockchain platforms and foster innovation underlines the potential for long-term success. As KIN continues to evolve, it remains an intriguing asset to watch in the dynamic world of digital currencies.
2.ORCA (ORCA)
Orca is a beacon of accessibility and efficiency in cryptocurrency exchange platforms. Orca provides users with a seamless digital asset trading experience while enjoying many benefits and features.
At its core, Orca acts as a user-friendly platform that facilitates the exchange of cryptocurrencies on the Solana blockchain. Orca guarantees fast trade execution and fair prices. It offers minimal transaction fees and lower latency than Ethereum-based decentralized exchanges (DEXs).
Meanwhile, one of the unique aspects of Orca is its liquidity provision function. Users have the option to contribute liquidity to trading pools. This allows them to earn a share of the trading fees generated on the platform. It encourages participation and promotes a vibrant ecosystem within the Orca community.
According to the latest data, Orca is priced at $4.31, with a 24-hour trading volume of $5.45 million and a market cap of $39.76 million. The platform has experienced a remarkable 21.46% price increase in the last 24 hours. This price increase further indicates positive market sentiment and investor interest.
Make sure you align yourself with the available spaces @StepFinance_, @bonkbot_ioAnd @moutai_sol in just 30 minutes!
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— Orca ☀️ (@orca_so) February 23, 2024
Orca’s price forecast sentiment is currently neutral, with a Fear & Greed Index showing a score of 72 (Greed). The token has witnessed an impressive 383% price increase over the past year. Furthermore, it outperformed 94% of the top 100 crypto assets. Orca trades above the 200-day simple moving average and exhibits high liquidity, further increasing its appeal for traders and investors alike.
3. Zebec (ZBC)
Zebec is emerging as a transformative force in the financial landscape. The token ushers in a new era of streaming financial technology that seamlessly integrates with real-world payroll and investing.
Zebec’s services meet the needs of both traditional and decentralized web companies, offering a comprehensive suite of solutions. Zebec enables companies to embrace the future of the financial sector by offering real-time payroll processing and facilitating micropayments. Additionally, it offers seamless on- and off-ramps through payment card products.
Through its investment arm, Payroll Growth Partners (PGP), Zebec is venturing into the payroll sector and introducing innovative tools and services. It includes early access to wages, instant spend with payment cards and financial tracking tools, revolutionizing the way companies handle payroll processes.
With a bullish forecast for 2024, the Zebec Protocol offers an attractive opportunity for investors. ZBC tokens are tradable on major exchanges such as HTX, KuCoin and BingX, providing liquidity and accessibility to traders worldwide.
Zebec weekly volume update
(23-02-2024) pic.twitter.com/tUlsYx8eEt— Zebec ⛵ (@Zebec_HQ) February 23, 2024
Furthermore, Zebec Protocol is predicted to reach $0.010553 by February 29, 2024, making it an attractive asset in the crypto space. Furthermore, sentiment points to a favorable buying opportunity for the Zebec Protocol.
4. Raydium (RAY)
Raydium, an automated market maker (AMM) platform operating on the Solana blockchain, has quickly risen to prominence within the decentralized finance (DeFi) space.
Raydium has enabled rapid adoption and strengthened its position as a crucial player in the ecosystem. It does this by seamlessly bridging liquidity and order books with Serum, the leading decentralized exchange on Solana.
Additionally, Raydium’s AMM functionality provides on-chain liquidity to Serum’s order book, giving users access to the entire Serum ecosystem and vice versa. This integration improves liquidity, facilitates trading capabilities and promotes seamless asset exchange for users.
Rewards on $YUP swimming pools have been renovated ☀️
Emissions of 2,000 RAY/wk are now available on CLMM pools with JUP/SOL rates of 0.25% and 0.05%! ????
To look at:https://t.co/Wu3vQ9s643
— Raydium (@RaydiumProtocol) February 14, 2024
Additionally, Raydium offers yield farming capabilities, allowing users to earn yield from staked digital assets through participation in farming pools. Raydium enables users to actively participate in DeFi activities, diversify their portfolios, and take advantage of emerging opportunities within the DeFi landscape.
What could be the next top trend
Smog is still on track to become the largest air drop in the history of the Solana ecosystem. However, holders must participate in the staking plan to be eligible for the airdrop.
At the time of writing, the token is in a consolidation phase as its price recorded a slight decline of around 11%. The short withdrawal offers the opportunity to get on board and take ownership of one of the best meme projects of the quarter.
The team is working on a multichain debut to expand its reach and value. There are also plans to launch the token on more DEX and CEX platforms. Achieving such a milestone will put the project on a new pedestal.
#SMOG approaching significant #Diligent Milestone! ????
Nearly 100,000 missions completed! ????
Once reached, get ready for a special festive quest! ????✨
Let’s make it happen! ????
— SMOG (@SMOGToken) February 15, 2024
The new crypto had an impressive run earlier this week. As the new week dawns, the Crytpo community could witness a return of the asset to its uptrend, based on the recent influx of investors into the SMOG community.
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