Hitting the $1 mark is an important psychological barrier that many investors consider a breakthrough moment for certain coins and tokens. With thousands of cryptos to potentially choose from, we’ve established several key parameters when considering the most likely candidates.
We’ve narrowed the search to cryptocurrencies that have never traded above $1, with a price above $0.01 (to avoid obvious long shots), and that belong to the 500 largest crypto projects by market cap.
Ultimately, we’ve settled on 4 cryptocurrencies that have the potential to hit $1 this year. We are going to examine their chances in this article.
Top 4 next cryptos to hit $1 in 2026:
Dogecoin – The pioneering meme-based cryptocurrency
Kaspa – A high-throughput and scalable blockchain network
Stellar – A blockchain built for seamless crypto-to-fiat transfers
Hedera Hashgraph – A hashgraph-powered alternative to traditional blockchains
Top 4 cryptos that are eyeing $1 right now
In the following sections, we are going to examine 3 crypto projects that have never reached the $1 mark but have all the necessary attributes to do so in the future.
1. Dogecoin
Dogecoin (DOGE), a notable name in the cryptocurrency world, is garnering attention as a potential candidate to breach the $1 threshold. Reflecting on its performance during the 2021 bull market, Dogecoin achieved a peak value close to $0.74, just shy of the coveted $1 milestone. At its peak, Dogecoin’s market valuation soared to an impressive $69.6 billion.
Should Dogecoin hit the $1 mark, its market capitalization is projected to climb to a substantial $144.6 billion (assuming the circulating supply doesn’t change). This would position it as the third-largest cryptocurrency by market cap, surpassed only by industry leaders Bitcoin, at a staggering $1.39 trillion, and Ethereum, with a market cap of $238 billion.
The journey of Dogecoin towards the ambitious $1 goal seems intertwined with the general excitement around meme coins and the broader dynamics of cryptocurrency markets. The upcoming Bitcoin halving, coupled with the historical pattern of cryptos rallying in the months following previous halvings, suggests a scenario where Dogecoin could potentially reach or even surpass the $1 benchmark within 2026.
Current Price
$0.099
Market Cap
$16.85 billion
Change Needed to Reach $1
1,010%
Implied Market Cap at $1 per Coin
$168.8 billion
2. Kaspa
Kaspa (KAS) is making strides with its focus on high scalability and rapid transaction processing. By adopting a blockDAG structure instead of the conventional blockchain, Kaspa is carving out a niche for itself, promising swifter block confirmations and enhancing the overall user experience.
Recently, KAS has seen a notable uptick in interest, which could be partly attributed to the buzz around the launch of Bitcoin ETFs and the anticipation surrounding the upcoming Bitcoin halving. In August 2024, Kaspa marked a significant milestone, reaching an all-time high of $0.209. This peak represented a substantial 215% increase over the previous six months. At present, KAS trades at around $0.036, about 83% lower than its peak price. For KAS to hit the $1 mark, it would require more than a 25-fold increase from its current value, implying a market capitalization of over $23 billion.
Kaspa benefits from a robust online community presence and a dedicated development team. These factors could play a pivotal role in garnering market interest and potentially driving the coin’s value towards the $1 target.
Current Price
$0.0358
Market Cap
$973 million
Change Needed to Reach $1
2,793%
Implied Market Cap at $1 per Coin
$27.2 billion
3. Stellar
Stellar (XLM) is an open-source, decentralized framework that facilitates the exchange of digital currency for fiat money. The platform stands out for its emphasis on swift, affordable, and inclusive cross-border transactions, catering to both individual users and businesses.
As an established name in the crypto world, Stellar has maintained a favorable reputation over its roughly ten-year existence. In its journey through the crypto markets, Stellar saw significant uptrends during the bull runs of 2018 and 2021, where XLM’s value exceeded $0.60 on both occasions, yet it stopped short of crossing the $0.70 mark.
The expanding Stellar ecosystem, coupled with the growth of the broader crypto market compared to previous years, suggests a strong potential for XLM to surpass its previous highs and possibly reach the $1 threshold in an upcoming crypto rally. While our Stellar prediction algorithm remains conservative, not foreseeing the token hitting $1 within the year, it anticipates a high of about $0.248 in mid 2026. This trajectory underscores Stellar’s steady progress and potential in the evolving crypto landscape.
Current Price
$0.1664
Market Cap
$3.61 billion
Change Needed to Reach $1
694%
Implied Market Cap at $1 per Coin
$28.7 billion
4. Hedera Hashgraph
Hedera (HBAR), the native token of the Hedera Hashgraph network, is gaining renewed attention as investors evaluate its long-term upside potential. During the 2021 bull market, HBAR reached a peak price of around $0.57, marking its all-time high at the height of broader crypto market euphoria. At that time, Hedera’s market capitalization climbed to a multi-billion-dollar valuation, reflecting strong demand and growing awareness of its enterprise-focused distributed ledger technology.
If HBAR were to revisit its previous all-time high or push toward a new psychological milestone, its market capitalization would expand significantly, assuming the circulating supply remains stable. A move toward higher price targets would likely position Hedera among the more prominent large-cap cryptocurrencies, competing with other smart contract and layer-1 networks for market share and investor capital.
Hedera’s growth trajectory is closely tied to enterprise adoption, real-world use cases, and the continued expansion of its governing council, which includes major global corporations. As institutional interest in tokenization, AI integration, and on-chain asset management increases, Hedera’s high throughput and low transaction fees could strengthen its position. Combined with broader crypto market cycles and potential post-halving momentum, these factors create a scenario where HBAR could challenge previous highs and potentially establish new ones in the next major bull run.
Current Price
$0.102
Market Cap
$4.37 billion
Change Needed to Reach $1
980%
Implied Market Cap at $1 per Coin
$43 billion
Final thoughts
Projects such as Dogecoin, Kaspa, Stellar, and Hedera each possess distinct qualities that position them favorably to potentially surpass the $1 milestone within the year. Nevertheless, it’s crucial to acknowledge the crypto market’s interconnected nature. The performance of these individual projects is closely tied to the overarching trends in the crypto world, particularly the trajectory of Bitcoin, which shapes general market trends.
If the broader crypto market experiences downturns, it becomes highly challenging for the coins and tokens we’ve highlighted to achieve the $1 target. Their successes are not isolated but rather are part of the larger, intricate web of the cryptocurrency ecosystem, where market dynamics play a pivotal role in determining their value and growth prospects.
If you want to know more about other cryptocurrencies with high potential, we suggest you check out our weekly updated list of the best cryptos to buy.
ISO 20022-compliant cryptocurrencies could benefit substantially in the future. They will be prime candidates for financial institutions looking to expand their offerings with the unique advantages offered by blockchain technology. Our ISO 20022 crypto list will help you identify the best cryptocurrencies that comply with the ISO 20022 standard.
In this article, we are going to explain what ISO 20022 is in simple terms and go over cryptocurrencies that are currently compliant with the standard.
Key takeaways:
The ISO 20022 standard streamlines data interchange between financial institutions, enhancing automation, reducing errors, and improving cash flow visibility.
As of the latest reports, about 26.4% of banks have achieved ISO 20022 compliance, with others required to comply by November 2026.
Cryptocurrency companies that have adopted the ISO 20022 standard, like XRP and Stellar, offer easier integration with financial systems and potential industry adoption.
The adoption of ISO 20022 in cryptocurrency projects like Algorand, Quant, and Hedera enhances compatibility with traditional finance, fostering wider acceptance and technological integration.
What is ISO 20022?
According to SWIFT, ISO 20022 is a methodology for standardizing the interchange of data between financial institutions. ISO 20022 can be used in various areas, including the clearing and settlement of payments, trading and settlement of securities, cash management, account management, and more.
In essence, ISO 20022 addresses the problem of financial institutions using different formats and protocols for electronic data, which leads to inefficiencies. By adopting ISO 20022, financial institutions can cut costs, reduce the likelihood of errors, and reduce the complexity of data interchange.
Here are some of the main benefits of the ISO 20022, according to SWIFT:
“Thanks to its structured and richer data elements, ISO 20022 enables counterparties, intermediaries, and beneficiaries to increase automation in transaction processing, reducing costly manual interventions, and improving visibility on cash flows and cash positions, for example, in payment transactions.”
The benefits of adopting ISO 20022. (Source: JPMorgan)
It is important to highlight that not all institutions have fully implemented the prerequisites for ISO 20022 readiness. As reported by The Banker last year, approximately 26.4% of banks have achieved ISO 20022 compliance.
For those institutions that have yet to undertake the essential measures to attain ISO 20022 compliance, they will have until 2026 to make the necessary adjustments.
The best ISO 20022-compliant cryptos
Some cryptocurrencies have been designed with the ISO 20022 standard in mind so that they can potentially be integrated into broader financial systems more easily. When we say that a digital asset is an ISO 20022 crypto, we mean that it incorporates messaging language as defined in the ISO 20022 standard, allowing for simpler data exchange between its blockchain and other financial systems such as SWIFT.
ISO 20022 coins could have a head start when it comes to adoption in the financial services industry, as they will be much easier for companies to integrate than cryptocurrencies that weren’t designed with this standard in mind.
Below, you’ll find a list showcasing the ISO 20022-compliant cryptos:
XRP – Highly efficient cryptocurrency suitable for cross-border payments
Stellar – Fast and cost-effective blockchain with built-in DEX
Algorand – Pure Proof-of-Stake blockchain with smart contracts
Cardano – Research-driven blockchain with a focus on scalability, security, and sustainability
XDC Network – Hybrid blockchain optimized for enterprise and trade finance applications
Quant – Platform enabling interoperability between blockchains
Hedera Hashgraph – A highly efficient DLT based on Hashgraph architecture
Coreum (COREUM) – A blockchain specialized for RWA tokenization and smart tokens
1. XRP – Highly efficient cryptocurrency suitable for cross-border payments
XRP is a cryptocurrency that uses a unique consensus algorithm called the XRP Ledger Consensus Protocol to provide extremely fast and cost-effective transactions. This makes it suitable as a bridge currency that can enable liquidity between different fiat currencies.
While the XRP Ledger doesn’t offer advanced smart contract functionality, the platform is optimized for payments and can offer the performance and efficiency that are required by global financial institutions.
The main entity spearheading the development of the XRP ecosystem is Ripple, a United States-based company that uses XRP in its cross-border payments products. Ripple is part of the ISO 20022 Standards Body and was the first blockchain-focused company to join it. By adopting the ISO 20022 standard, Ripple can offer its RippleNet solution to a broader range of customers.
XRP summary:
A distributed ledger using the XRP Ledger Consensus
XRP can handle 1,500 transactions per second
Transactions cost fractions of a cent
Ripple has partnerships with numerous leading financial institutions
2. Stellar – Fast and cost-effective blockchain with built-in DEX
Stellar is a cryptocurrency that was initially launched as a modified version of XRP. One of the co-founders of Stellar is Jed McCaleb, who also played a role in the creation of XRP. The Stellar blockchain also offers extremely fast and efficient transactions.
The Stellar blockchain can be used to make transactions with the platform’s native currency, XLM, but it also offers built-in decentralized exchange functionality to seamlessly swap between the different assets issued on the Stellar blockchain.
Given its emphasis on interoperability between financial institutions, Stellar is poised to readily embrace the ISO 20022 standard. Through the integration of ISO 20022, Stellar will enable more efficient cross-border transactions and foster improved communication with conventional financial systems. XLM is poised to become one of the leading ISO 20022 tokens on the market.
Stellar summary:
A cryptocurrency with similar properties to XRP
Built-in decentralized exchange feature
Useful for cross-border payments and stablecoins
Smart contracts functionality through the Soroban platform
3. Algorand – Pure Proof-of-Stake blockchain with smart contracts
Algorand is a blockchain platform that supports smart contracts and employs a sophisticated Proof-of-Stake consensus algorithm that allows all ALGO holders to participate in the consensus process. The Algorand project was founded by renowned computer scientist Silvio Micali.
The Algorand mainnet made its debut in 2019. Since then, Algorand has seen multiple enhancements, including improved smart contract functionalities and the capacity to support custom tokens, among other features. Algorand is intentionally structured to be an environmentally conscious and highly efficient blockchain and offers some of the lowest transaction fees among all cryptocurrencies.
Through the incorporation of the ISO 20022 standard, Algorand has the potential to improve its compatibility with conventional financial systems, enabling effortless integration with pre-existing infrastructure.
This could lead to wider adoption of Algorand’s technology, potentially attracting a greater number of developers and enterprises to engage with and build upon the platform.
Algorand summary:
Pure Proof-of-Stake blockchain
Supports smart contracts and custom tokens
Very low transaction fees
Environmentally friendly
4. Cardano – Research-driven blockchain with a focus on scalability, security, and sustainability
Cardano is a blockchain platform built on rigorous academic research and a layered architecture to enhance scalability, security, and sustainability. Developed by IOHK and led by Ethereum co-founder Charles Hoskinson, it aims to provide an efficient and sustainable blockchain ecosystem for enterprises and individuals.
Cardano’s Ouroboros Proof-of-Stake (PoS) consensus ensures energy efficiency while maintaining high security. Its dual-layer architecture separates ADA transactions from smart contract execution, enabling flexibility and scalability. The Plutus smart contract platform and Hydra layer-2 solution further boost network efficiency and adoption potential.
By aligning with ISO 20022, Cardano strengthens its compatibility with financial systems, making it a strong candidate for integration into traditional banking and enterprise applications.
Cardano summary:
Proof-of-Stake blockchain with a research-driven approach
Scalable and energy-efficient, designed for long-term sustainability
Layered architecture enables seamless upgrades and enhanced security
Supports smart contracts through the Plutus platform
Hydra scaling solution to significantly boost transaction speeds
ISO 20022 integration enhances interoperability with financial systems
5. XDC Network – Hybrid blockchain optimized for enterprise and trade finance applications
XDC Network (XinFin Digital Contract) is a hybrid blockchain that merges public and private architecture, making it ideal for enterprises and institutions. It is specifically designed to enhance trade finance, supply chain operations, and cross-border settlements with fast, secure, and cost-effective transactions.
Using a Delegated Proof-of-Stake (DPoS) consensus, XDC Network ensures high throughput, low latency, and minimal energy consumption. Transactions settle in two seconds, with fees significantly lower than Ethereum.
A key advantage of XDC Network is its ISO 20022 compliance, enabling seamless integration with banks and financial institutions. It supports smart contracts, tokenization, and interoperability with legacy systems, facilitating real-world financial applications.
As trade finance digitizes, XDC Network stands out as a fast, transparent, and regulatory-compliant blockchain, bridging blockchain technology with traditional finance.
XDC Network summary:
Hybrid blockchain that combines public and private blockchain features
Optimized for enterprise and trade finance applications
Delegated Proof-of-Stake (DPoS) ensures fast and energy-efficient transactions
Finality within two seconds and low-cost transactions
ISO 20022-compliant, making it bank-friendly and interoperable with financial institutions
Supports smart contracts, tokenization, and seamless integration with legacy financial systems
6. Quant – Platform enabling interoperability between blockchains
Quant is a blockchain platform that enables interoperability and establishes seamless connections among multiple blockchain networks. It relies on the Overledger protocol to facilitate the exchange of information between different blockchain ecosystems. The Quant platform enables collaboration and innovation, empowering developers and enterprises to launch decentralized applications that can interact with a multitude of blockchains.
Through the adoption of the ISO 20022 standard, Quant aspires to boost its compatibility with traditional financial systems, streamlining the secure exchange of data across various networks. Achieving ISO 20022 compliance could position Quant in a pivotal role, bridging the divide between various blockchain platforms and strengthening its role in the blockchain ecosystem.
Quant summary:
Blockchain focused on enabling interoperability
Allows developers to launch mDApps, which are decentralized applications that function with multiple blockchains
Supports a variety of blockchains, including the likes of Bitcoin, Ethereum, and XRP
Designed for financial institutions and SMEs
7. Hedera Hashgraph – A highly efficient DLT based on Hashgraph architecture
Hedera Hashgraph is a decentralized network that provides functionality similar to blockchains but is based on an innovative architecture called a hashgraph. Hashgraph provides an alternative and arguably superior way to achieve distributed consensus.
The platform offers transaction fees as low as $0.001, and transactions on Hashgraph achieve finality in between 3 to 5 seconds. According to Hedera Hashgraph’s development team, the platform can facilitate upwards of 10,000 transactions per second.
The Hedera Hashgraph platform supports smart contracts that are compatible with the Ethereum Virtual Machine, making it a suitable platform for developers who are accustomed to building with the Ethereum ecosystem’s smart contract tools.
Through its adoption of the ISO 20022 standard, Hedera aims to bolster its compatibility with conventional financial systems, enabling the smooth integration of decentralized applications (dApps) with the pre-existing infrastructure.
Hedera Hashgraph summary:
Distributed ledger based on Hashgraph technology
Can process over 10,000 transactions per second
EVM-compatible smart contracts
Low fees, transactions achieve finality in 3-5 seconds
8. IOTA – DAG-based network for IoT use cases
IOTA is another distributed ledger platform that forgoes the traditional blockchain architecture in an effort to achieve superior scalability. In the case of IOTA, the platform is built using a directed acyclic graph (DAG) architecture, which allows it to support zero-fee transactions. IOTA’s DAG network is called the Tangle.
The network’s immense efficiency makes IOTA a suitable candidate for Internet of Things (IoT) applications where handling large amounts of data in a short period of time is of the utmost importance.
By incorporating the ISO 20022 standard, IOTA strives to establish a framework for standardized and secure data transfers among Internet of Things (IoT) devices. This strategic choice aims to facilitate the effortless integration of IOTA into the wider IoT ecosystem, ensuring a consistent and secure flow of data among IoT devices.
IOTA summary:
Distributed ledger platform based on a DAG architecture
Fee-free transactions
Suitable for IoT applications
Can handle around 1,000 transactions per second
9. Coreum (COREUM) – A blockchain specialized for RWA tokenization and smart tokens
Coreum is a high-performance layer 1 blockchain built with the Cosmos SDK, focused on real-world asset tokenization, decentralized applications, and programmable digital assets. Powered by the Tendermint consensus engine and WebAssembly smart contracts, it delivers higher throughput and lower latency compared to many older networks. A key innovation is its Smart Tokens, which allow developers and businesses to create customizable, programmable assets with built-in logic and controls.
The project launched in 2021, founded by Dubai-based entrepreneurs Bob Ras and Rezza Bashash. Coreum places a strong emphasis on interoperability, including integration with the XRP Ledger through a dedicated bridge. The network’s native token, COREUM, is used for staking, transaction fees, and governance. A large portion of the initial supply was distributed to the community through airdrops and incentive programs.
Coreum summary:
WebAssembly smart contracts enable fast, secure, and flexible dApp development
Smart Tokens support advanced asset issuance with programmable features and compliance controls
Built on Cosmos for scalability, performance, and modular design
Cross-chain connectivity through IBC and custom bridges enhances interoperability
The bottom line
We hope that our ISO 20022 crypto list helped you understand the ISO 20022 standard and how it relates to the cryptocurrency space. As we can see, the list of ISO 20022-compliant crypto tokens mostly consists of projects targeting enterprise use.
Many of the coins featured on this list feature extremely low transaction fees, which allows them to be used in enterprise-grade applications that require handling an extremely large number of transactions in a short period of time. To learn more about this topic, make sure to check out our list of the cheapest cryptos to transfer.
The ongoing bear market has undoubtedly significantly impacted the cryptocurrency industry and crypto regulars, such as traders and investors. Spanning over four months and counting, it is the longest bear market in crypto history and the one that has caused the most damage. One thing the ongoing bear market will surely be remembered for is causing Bitcoin (BTC), the world’s largest cryptocurrency by market cap, to fall below its $20,000 support mark on a number of occasions. It is a feat that had never occurred prior to the ongoing bear market.
As the situation lingers, the need for feasible long-term solutions has become imperative within the cryptocurrency industry. This piece discusses three highly promising altcoins that could save portfolios and be a lifeline for struggling investors.
Hedera (HBAR) – The Sustainable Blockchain
Hedera (HBAR) is a notable sustainable, enterprise-grade public network for the decentralized economy that allows individuals and businesses to create powerful decentralized applications (dApps) within the cryptocurrency industry. Unlike older blockchain systems that use a consensus mechanism like proof-of-work (PoW) to validate transactions, Hedera (HBAR) is based on a PoS model that increases the efficiency of transaction verification in the network, provides a high level of security, and protects the network from hacker attacks. Its design allows it to operate as a fairer, more efficient system that eliminates some of the limitations of older blockchain-based platforms, such as slow performance and instability.
Its native cryptocurrency, HBAR, is an integral part of its ecosystem and incentivizes the network. HBAR facilitates all kinds of crypto-related operations on Hedera and is available on several crypto platforms within the industry.
Elrond (EGLD) – The Speedy Platform
Elrond (EGLD) is a blockchain-based platform within the cryptocurrency industry that provides breakneck transaction speeds by using sharding. Its speed and performance are reportedly remarkable, and its smart contract execution platform is reportedly capable of 15,000 transactions per second (tps), with six-second latency and a $0.001 transaction cost. All around the cryptocurrency industry, Elrond (EGLD) is regarded as a technology ecosystem for the new internet, which includes fintech, decentralized finance, and the Internet of Things.
Its native cryptocurrency, EGLD, is an integral part of its ecosystem and is responsible for facilitating crypto-related operations, such as paying network fees, staking, and rewarding validators. EGLD is a highly sought-after cryptocurrency with stocks on various crypto platforms within the industry.
Introducing Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is an upcoming meme coin with attractive features, such as a lack of transaction fees, a massive supply, and an exciting roadmap. The culmination of these features has made Big Eyes Coin (BIG) the subject of interest and excitement within the cryptocurrency industry, and it has dominated the headlines of crypto news for some time now. Currently, in the fifth stage of its presale, the token is merging as a viable option for long-term cryptocurrency investment for struggling investors in the ongoing bear market.
Big Eyes Coin (BIG) has raised over $7.33 million in presale and looks likely to become a valuable asset in the current climate. It is a very attractive cryptocurrency and one of the most promising tokens within the industry.
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Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
Cardano (ADA), one of the coins featured in our last week’s edition of Top 3 Coins to Watch, continued its bull run last week. For a brief moment, when the price of ADA neared the $1.00, Cardano even overtook Tether and claimed the spot of the world’s third largest cryptocurrency by market capitalization. However, there were quite a few other cryptocurrencies that managed to climb up a few spots on the leaderboard last week but stayed partly in the shadow of the changes happening at the top.
This week’s selection of top coins to watch consists of three cryptocurrencies that already performed well throughout Week 6 but we believe that this projects will be able to ride atop the wave of announcements and network upgrades towards even higher adoption and of course also higher valuation.
1. Binance Coin (BNB)
Binance Coin is the native token of the Binance Chain, launched and operated by the popular cryptocurrency exchange Binance. Binance users who utilize BNB to pay for trading, withdrawal and listing fees can enjoy significant discounts. While this used to be pretty much the only advantage of BNB, the Binance’s coin now has a far wider spectrum of utility.
BNB Reached a New ATH Price of $148 Following a Record token Burn
The BNB climbed over 100% last week and posted its new all-time high price of $148.26 on Feb 10, 2021. While the cryptocurrency market is in a bull phase for a few months already, the BNB price only took off recently. After a few weeks of sideways trading where $40 was established as a support level, BNB has seemingly gone parabolic in February and is now changing hands at around $130. While there is no single factor that this amazing growth could be attributed to, we believe that it is a consequence of a combination of several factors, including a record BNB token burn and an increasing utility of both BNB as well as the Binance Chain.
On January 19, the Binance cryptocurrency exchange announced it had burned 3.6 million BNB, worth around $160 million at the time. The 14th quarterly BNB token was thus the largest ever quarterly BNB burn by Binance and the first “accelerated token burn”, according to Binance CEO Changpeng “CZ” Zhao. When Binance conducted the ICO in 2017, it promised they would gradually destroy 100 million BNB tokens, or half of the token’s 200 million maximum supply cap. Following the largest BNB burn so far, “CZ” clarified that Binance is on a mission to ahieve 100 million BNB burned as fast as possible:
“Over the last three and a half years, we have burned about 13% of the promised amount, with a total USD equivalent value (nominal) of $426,304,000. Even though this is an impressive amount for a three-year-old startup, at that rate, it would take roughly 27 years to finish the burn. So, we thought it’s time we speed it up a bit. Exactly how much faster? We are not 100% sure. The current accelerated burn would put the trajectory to be around 5-8 years to finish the 100 million BNB.”
In addition, judging by the yet-again record trading volumes achieved in the first month and a half of this year, the next quarterly BNB burn would likely set the record of the largest one by far, at least in terms of dollar denominated value of the burned tokens.
Furthermore, Binance users can take place in the exchange’s IEOs only if they possess enough BNB tokens. Judging by the success of the Binance-backed project that had previously been introduced to the public through there Binance Launchpad, participating in a Binance IEO can be a very lucrative investment. The latest offering conducted on Binance, the SafePal IEO, boasts with a ROI of over 28x vs. USD in just two weeks.
Another possible explanation for the BNB rally could be the success of Binance Smart Chain (BSC), the Binance Chain’s smart contract-enabled sibling. Both chains run side by side, but the 2019 launched Binance Smart Chain features full compatibility with the Ethereum Virtual Machine (EVM). Due to lower fees and less congestion the BSC is recently attracting the attention of several DeFi projects. News have emerged that the yield aggregator Harvest Finance and multi-service platform Value DeFi, two currently Ethereum-native decentralized finance (DeFi) protocols announced planned expansions to Binance Smart Chain. Both projects combined have nearly a billion dollars in total value locked between them (TVL).
A large factor that helps drive the Binance chain adoption is the fact that transferring tokens to Binance Smart Chain is relatively easy. Even Binance CEO “CZ” recently tweeted a video made by the famous Crypto YouTuber Ivan on Tech, where he explains how Binance acts as the “natural bridge between Binance Chain and the Ethereum chain”:
Nevertheless, the ease of use is clearly not the main driving factor of the user and developer migration towards the Binance Chain – the low transaction fees are the one to “blame”. With soaring ETH fees developers and holders are looking for alternatives, and the Binance Chain appears to be the one that gets the job done fast, secure and with a low fee. For example, the screenshot below shows how much it would cost you to withdraw USDT tokens through various networks on Binance. The fee on Binance Chain is merely 1% of the fee incurred when withdrawing USDT in the form of an ERC20 token on Ethereum.
With more utility coming to BNB, more users and trading volume on Binance, and consequently a higher the demand for BNB, the token’s price is expected to further increase. The price growth will likely be additionally boosted by the accelerated burn program.
2. Hedera Hashgraph (HBAR)
Hedera Hashgraph aims to develop the world’s first mass-adopted public distributed ledger that will be able to support a vast array of applications. Using their Hashgraph technology, users will be able to easily develop globally decentralized applications using and deploy them on the blockchain.
According to Hedera official website the project will be deploying another upgrade to their project’s Testnet. The Testnet v0.12.0 launch procedure is scheduled to begin on Thursday February 18, 18:00 UTC. The upgrade and network restart will take approximately 2 hours to complete, the team noted. While the compatibility or data of the project that run on Hedera Testnet should not be affected, the network will be offline during this time. You can check the status of all Hedera networks, their scheduled maintenances and upgrade release notes here.
3. Cosmos (ATOM)
Cosmos is developing a network of blockchains that would facilitate the interoperability of multiple, otherwise incompatible, blockchain applications and cryptocurrencies. The scalable blockchain network built for developers had grown from a small ICO into a thriving ecosystem. At the time of writing, the network’s native cryptocurrency ATOM has a market capitalization of $2.35 billion, which is more than twice as much as it had merely 3 weeks ago.
Stargate Upgrade to Finally take Place on February 18
The Cosmos team have announced that the Cosmos Hub Stargate Upgrade will take place on February 18 at 06:00 UTC. The Stargate roll-out was initially planned for January 28, but got postponed due to issues with Ledger hardware wallet support, balance and metadata validations, and several bugs that were identified in the proposed code. Cosmos Governance halted the implementation of the upgrade described in Proposal 29 and approved by the vote on Proposal 35, by accepting a new Stargate upgrade schedule in the Proposal 36. You can find out more about Proposal 36 here.
Judging by the first two weeks we cannot say that the cryptocurrency market has cooled off yet. Yes, Bitcoin does seem to have entered a period of mostly sideways trading with relatively high volatility, but other projects are pulling the space forward now. Just recently, Ethereum stepped into the limelight of the community’s attention by setting its new ATH price. But besides Ethereum, which is definitely worth keeping an eye on, there are many other cryptocurrency projects, that are looking to benefit from significant updates and the increased attention that comes with these upgrades. This week’s selection features three such projects.
1. Curve (CRV)
Curve is a protocol and a platform focused on providing a simple and easy-to-use way to swap certain Ethereum-based assets. The Curve DAO Token is the platform’s native token as well as its governance token. In addition, users providing liquidity to CurveFinance receive their rewards payed out in CRV.
CRV is one of the Most profitable Cryptos of the past 7 days
Ever since the beginning of the year the price of DeFi cryptocurrencies has been growing alongside the general cryptocurrency market. However, the Curve DAO Token (CRV) has been largely left out of this rally, at least until the end of the previous week, when the CRV rally started gaining momentum. The token’s price is up by more than 130% in the past seven days with a largest surge of over 50% seen on January 17. This makes CRV the best performing crypto in the past seven days in the top 100 by market capitalization. The late wake up is largely attributed to the fact that Curve recently added several new trading pairs, such as the ETH/stETH, and ETH/Aave’s interest-bearing assets, and established a collaboration with Yearn.finance that will allow any user to deploy trading pools for more esoteric and long-tail assets. Last but not least, CRV’s surge resembles the fact what yield farmers are earning more on Curve now. The fact that already $2.15 billion worth of capital is locked in Curve indirectly supports this statement. The token has been trading sideways in the past day, but it will be definitely interesting to further observe the price action following such a massive surge.
Hedera Hashgraph (HBAR)
Hedera Hashgraph aims to develop the world’s first mass-adopted public distributed ledger that will be able to support a vast array of applications. Using their hashgraph technology, users will be able to easily develop globally decentralized applications using and deploy them on the blockchain.
Hedera Hashgraph Testnet V0.11.0 ReleaseScheduled for January 21
As recently announced by the Hedera team, the testnet upgrade to version v0.11.0 is scheduled to take place on January 21 at 18:00 UTC. The new version will feature updated versions (v5) of all file formats for record streams, record stream signatures, event streams, and event stream signatures. All interested community members, but especially HBAR holders, should follow the testnet upgrade status here and are advised to read through the upgrade release notes, when they become available.
TomoChain (TOMO)
TomoChain is an Ethereum codebase-based blockchain that supports all EVM-compatible smart-contracts, protocols, as well as atomic cross-chain token transfers. TomoChain utilizes a Proof of Stake Voting (POSV) consensus with 150 Masternode that grant very low fees and instant transactions while maintaining security at the same time. In the future, the team aims to introduce sharding, EVM parallelization, and generation of private chains.
The TomoChain team has announced that their Zorro mainnet upgrade is scheduled to take place at block number 30,915,660, which is estimated to be proposed sometime on January 22. For a more accurate estimation you should refer to the official countdown. The upgrade will bring improvements to the Ethereum Virtual Machine (EVM) and Solidity functionality, as well as the integration of TomoP mainnet code and an adjustment to the cancellation fees on TomoX based DEXs. The developers urge all TomoChain nodes and masternodes to upgrade their software to v2.3.0 by January 22. More information about the Zorro upgrade can be found in the project’s official blog post.
