3 Altcoins To Keep Tabs On — FTM, PDEX, KCS | KuCoin Weekly Review Issue #19

2021/05/04 12:14:59

This week, ETH took the spotlight with its explosive growth from the low $2,000 range up to a high of $3,060. Is $4,000 next? BTC started the week at around $48,775, quite a departure from the previous weeks. However, it was able to redeem itself by reaching $58,471 during the past 7 days. That’s an almost 20% increase.

Of course, this is just the tip of the cryptocurrency iceberg. How do things look amongst the altcoin market? KuCoin blog has picked 3 altcoins that stood out and are worth keeping an eye on: FTM, PDEX, and KCS.

Fantom (FTM)

Fantom is an open-source smart contract platform for digital assets and dApps. It has been designed to overcome the limitations of previous-generation blockchain platforms while still being fast, scalable and secure. The FTM token is the primary token on the Fantom network, being used to secure the network through staking, for governance purposes, for payments, and for fees.

FTM’s inclusion in this list is due to a myriad of reasons. At the end of April, the project passed 3 million transactions, an important milestone in its growth. Then there was ‘Go-Opera’, touted as the most significant network upgrade so far. This saw the performance and reliability of the network improve substantially. There was also the news of the partnership between Fantom and Formula 1 driver Pierre Gasly which came out this week. The real icing on the cake however was the $15 million investment from HyperChain. Thanks to all this, FTM achieved a 155.3% 7-day ROI.

Trade FTM and 200+ other altcoins on KuCoin.

Polkadex (PDEX)

Polkadex is a fully decentralized, peer to peer, orderbook-based cryptocurrency exchange for the DeFi ecosystem in Substrate. It is built as a parachain of Polkadot, with the aim to solve the issues of traditional DEXs by combining the speed and convenience of centralized exchanges with the security of a decentralized design. The PDEX token is the main token of the Polkadex ecosystem, with features such as feeless transactions with verifiability, opportunities for high-frequency trading, and use of trading bots.

Following PDEXs successful world-premiere listing on KuCoin, things have been looking up for the project. For example, it announced news of a fully on-chain IDO platform that is set to offer a one-stop shop for new projects. As more and more people become familiar with Polkadex, its impact on decentralized exchanges and its potential thanks to its use of the popular Polkadot technology, it is a fair assumption that PDEX will continue to grow in value. For now, PDEX was able to achieve a 45.9% 7-day ROI.

Trade PDEX and 200+ other altcoins on KuCoin.

KuCoin Token (KCS)

The KuCoin Token is the native token of the KuCoin ecosystem, and soon for that of KuCoin Community Chain (KCC), the high-performance and decentralized public chain built by KuCoin for all community users. In terms of uses, KCS can be used to get discounts when paying for trading fees and holders with more than 6 KCS enjoy a daily bonus from 50% of KuCoin’s daily trading fee revenue.

Beyond the growing excitement for KuCoin Token’s growing use cases and eventual use in the KuCoin Community Chain, there have been some promising updates that have come out as of late.  Speaking of which, the upcoming launch of the KuCoin Community Chain Testnet has led to more users wanting to get involved with KCS. In more news, KCS has been listed on a couple different exchanges. Previously, it was announced that KCS was being listed on the AscendEX Platform. This week, it was announced that the token had been listed on Poloniex. This understandably made the token more accessible, and when combined with the growing usership of the KuCoin Exchange, it makes sense that KCS was able to achieve a 44.3% 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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