The first quarter of 2024 has been about updating our ever-growing coin list to provide you with more opportunities in the crypto market 🤝.
On Wednesday (March 28, 2024), we listed five new coins for you to trade on Quidax: $STX, $RNDR, $MOG, $INJ, and $TON. Besides these new tokens going viral, we will highlight what they are all about and their market performance to help you make informed decisions ✍️. Ready?
Stacks ($STX) – The Stacks Ecosystem’s Native Token
Stacks is a blockchain network that allows decentralised applications (dApps) and smart contracts to connect to the Bitcoin network. One major downside of the Bitcoin blockchain is its limited support for Web3 developers who want to build projects or run smart contracts.
To solve this problem, Stacks allows such projects to connect to Bitcoin through its blockchain. So, you can consider it a middleman between Bitcoin and other smart contract-enabled platforms 🔌.
The Stacks token ($STX) is the platform’s native cryptocurrency for paying transaction fees, executing smart contracts, and rewarding network users. Besides its exciting use cases and project roadmap, Stacks Coin has experienced impressive price growth.
- $STX started trading for 21 cents in 2019 and is valued at around $3 at the time of writing (a 1300%+ growth in about 5 years) 🚀.
- $STX’s price has increased by over 280% in one year (March 2023 – March 2024) 📈.
Render ($RNDR) – Ethereum-Based Computing Token
Render is a decentralised cloud computing network built on the Ethereum blockchain. The platform offers developers, investors, and businesses an affordable way to build applications and manage data 🧑💻.
Unlike popular cloud computing networks like Google Cloud and Amazon Web Services (AWS), Render uses blockchain technology to build a strong computing resource network through which users can run their applications.
The difference between the conventional cloud computing structure and Render is decentralisation.
Non-blockchain cloud providers do not give users complete authority over their data, but platforms like Render offer full access, better reliability, and stronger security at low costs 🫰.
The $RNDR token powers the Render ecosystem. Our $RNDR price analysis shows that the coin has significantly grown since its launch.
- The $RNDR price has increased by over 29,000% since it began trading in 2020 📊.
- The token’s value increased by over 900% between March 2023 and March 2024 ⬆️.
Mog Coin ($MOG) – New Culture-Focused Meme Token
Tagged “the internet’s first culture coin,” Mog Coin is a new meme token on the Ethereum network. The project focuses on promoting a unique culture among the meme communities on the Ethereum blockchain.
The Mog Coin network was launched in 2023, and it uses blockchain technology to encourage community building, viral content creation, and the empowerment of digital creators 💪.
$MOG is the Mog Coin ecosystem’s native token. The token offers no real use case, and its value is determined mainly by social media hype. But, $MOG is rallying in the market as the Q1 2024 crypto market bull run continues.
- The $MOG coin’s value has increased by over 5,000% compared to its 2023 listing price 💹.
- $MOG’s price has grown by over 130% between February 2024 and March 2024 📉.
Injective ($INJ) – Utility Token of the Injective DEX
Injective Protocol is a decentralised exchange (DEX) built on the Ethereum network. Unlike centralised exchanges (CEXs), Injective powers dApps and offers decentralised finance (DeFi) services, including trading cryptocurrencies without being controlled by a central authority 🔓.
Another exciting feature of Injective is its automated smart contract that allows faster transactions and improved user experience. Plus, Injective allows multiple blockchains to connect and exchange data. These include Solana, Ethereum, Cosmos, and more 🤝.
Based on its use cases, the Injective DEX project is impressive. A further analysis of its token suggests that $INJ is one of the hottest crypto coins on the market at the time of writing.
- The $INJ coin’s price has grown by approximately 3,500% since it launched in 2020.
- The coin has also grown by nearly 900% Between March 2023 and March 2024 📈.
Toncoin ($TON) – Native Token Founded by Telegram
Tagged “The Open Network for Everyone,” Toncoin is a new blockchain initially created by the Telegram messaging app in 2018. Telegram had the vision to develop a blockchain to compete with Ethereum and raised about $1.7 billion for the project.
But, after losing a legal case against the US Securities and Exchange Commission (SEC) in 2020, the messaging platform abandoned the Toncoin project to focus on other things.
The project is now owned by new developers who picked it up in 2021 and launched the $TON token in 2022. These developers are not connected to Telegram, so Toncoin is now an independent project run by a global community of contributors.
It is a DeFi platform for trading cryptocurrencies, executing transactions between Ethereum and Ton, and accepting low-fee digital payments.
$TON’s future predictions are positive because of the project’s new roadmap championed by its new owners and the project’s DeFi features. Its price growth has also shown encouraging signs in its early days.
- $TON’s price has increased by about 1,000% since its launch in 2022 🚀.
- The token’s value has also increased by over 100% between February 2024 and March 2024.
Trade $STX, $RNDR, $MOG, $INJ, and $TON on Quidax
To buy and sell any of our newly listed viral crypto tokens on Quidax, follow these simple steps:
- Log in to your account on the Quidax app or website.
- Go to the “Markets” section and search for “STX,” “RNDR,” “MOG,” “INJ,” or “TON.”
- Tap “Buy “STX,” Buy RNDR,” Buy MOG,” Buy INJ,” or “Buy TON.”
- Select the “Instant Swap” or “Order Book” trading option.
- Enter the amount you want to buy and complete the transaction
Note that these coins are currently available for trading only. Crypto coin prices swing from time to time. So, DYOR and trade responsibly.
For more updates, follow us on social media (@QuidaxGlobal). You can also join our Telegram community so you don’t miss hot updates on our future coin listings.
