As part of our 2024 vision that includes adding hundreds of new cryptos to our existing number, we’ve added three new coins: MEME, PEPE, and ARB between January and early February.
But we didn’t sleep after our new coin additions. We rolled up our sleeves again and put in the work🧑💻. Today, we’re excited to announce the addition of three new coins to the Quidax family. Welcome BONK, ENS, and ALGO💃!
What Are These Coins Exactly?
Since these coins are relatively new, let’s briefly explain what they are and why we picked them as the next batch of coins to trade on Quidax.
BONK – The Deflationary Token
There’s been so much hype around Bonk since it launched in 2022. The crypto is built on the fast-growing Solana blockchain, causing wide acceptance among crypto traders. Like other cryptocurrencies, you can buy, sell, and trade BONK on Quidax, but what makes it unique is its deflationary nature.
BONK controls its total supply with its burn mechanism to ensure it doesn’t become valueless. As more BONK coins circulate, the blockchain burns a percentage. That means the coin’s price will go up as its demand increases and its supply decreases.
Also, the coin has a strong community among Solana users, developers, and non-fungible token (NFT) collectors, making it a top choice for digital creators.
Looking at its market performance, BONK has:
- Grown by over 11,000% since it started trading 🤯
- Recorded a 1,400%+ growth in the last one year 🚀
ENS – The Blockchain Naming System Coin
Ethereum Name Service (ENS) is an open-source blockchain naming system that allows users to create unique identities by combining human and machine-readable names. Consider this a way of making your public Ethereum address discoverable by anyone.
For instance, if someone wants to send you ETH, you can share your ENS name with them instead of the long wallet address.
The ENS platform and its coin operate on the Ethereum network and support names from the blockchain and other networks, making it accessible to millions of crypto users.
ENS has had an impressive run in the market. The token:
- Reached an all-time high of over $76 in 2021, recording massive gains
- Has grown by nearly 1% in the last 24 hours
ALGO – The Crypto Payment Processor
Launched in 2017, Algorand (ALGO) is a relatively known blockchain famous for its payment processing feature. The platform was built to process multiple crypto transactions quickly. Consider it the Visa and Mastercard in the crypto space.
Besides its ability to process swift payments, Algorand supports other blockchain projects, including decentralised applications (dApps), making it an Ethereum competitor. The ALGO token is Algorand’s native coin for processing payments and securing the blockchain.
Due to its current market struggles, ALGO is trading at a low price at the time of writing. If history is anything to go by, the coin can attain new highs in the future.
Trade BONK, ENS, and ALGO on Quidax
BONK, ENS, AND ALGO are hot altcoins associated with well-established crypto projects. Their massive potential for future gains makes them some of the best cryptocurrencies to invest in right now. So, we’ve made them available for easy and safe trading on Quidax.
To trade BONK, ENS or ALGO on the Quidax Exchange, follow these simple steps:
- Log in to your account on the Quidax app
- Go to the “Markets” section and enter the coin’s ticker symbol (E.G. “BONK,” “ENS,” or “ALGO”) in the search box
- Tap “Buy BONK” or the order confirmation button for the coin you want
- Enter the amount you want to buy (ensure you have funds in your account, though)
And that’s all⚡! Easy, right?
However, note that you can’t deposit or withdraw any of these three newly listed coins directly on the Quidax app. We recommend purchasing them with USDT to start trading.
For more updates on what’s popping at Quidax, follow us on Twitter, Facebook and Instagram. You can also join other crypto lovers in our Telegram community so you don’t miss more updates on these coins and more coins we’ll be adding to our ever-growing list.
