Altcoin
5 Major Altcoins That Will Remain Relevant Even During Central Bank Digital Currency (CBDC) Launch by 2030
Several Apex banks across the world are working on issuing their own central bank digital currencies (CBDCs) as people are increasingly interested in digital currencies. Unlike most decentralized cryptocurrencies, these digital currencies will be managed by central banks.
To date, CBDCs are already under development in 132 countries, with Jamaica, Nigeria, the Bahamas and China’s e-CNY leading the way. By 2030, the Bank for International Settlements expects 15 retail and nine wholesale CBDCs. Furthermore, the use of CBDCs is gaining importance day by day and some countries are already testing them.
Meanwhile, this upcoming trend could change the altcoin market by introducing stiff competition, changing regulations, and changing investor opinions. While we will have to wait and see how this will impact altcoin prices, below are the top 5 altcoins that would remain relevant in the market despite the impending advent of centralized digital currencies.
As a pioneer of GameFi and Social Merge, KangaMoon (KANG) has enormous potential for longevity
The year 2030 does not seem like a time when KangaMoon (KANG) will lose relevance at all. The fascinating meme coin and play to earn token have achieved quite a significant feat in a short span of time. Specifically, KangaMoon managed to surpass $6.5 million in pre-sale revenue after selling more than 80% of its late-stage pre-sale tokens. Along with this, KangaMoon amazed early buyers with an ROI of more than 400%, having risen from $0.005 to $0.025.
For context, KangaMoon is a meme coin project that leverages social media incentives with gaming to earn game models, creating an engaging ecosystem where participants can enjoy earning KANG tokens along with other valuables. Dubbed “Kangaverse,” this immersive ecosystem hosts various battle contests that players can participate in to win $KANG tokens or even in-game assets like rare avatar skins.
Although it has yet to launch on the mainstream cryptocurrency market, analysts have high expectations for the native KANG token. Some predict that KangaMoon’s price could grow to as high as $0.5 this year, especially after listing on Tier 1 exchanges. Meanwhile, KangaMoon now boasts a rapidly growing community of over 20,000 members, a testament to its influence in the meme coin market.
With its most recent community engagement partnership with RaidSharkBot, KangaMoon is set to garner even more adoption and potentially surpass the likes of Dogwifhat and Bonk. Currently, new and existing members who comment and share KangaMoon posts on social media receive free $KANG tokens from KangaMoon – a distinct approach to supporting community development.
Solana (SOL) powers impressive network performance that can stand the test of time
Solana (SOL) is a high-performance blockchain platform known for its high transaction speeds, low fees, and its numerical pool of meme coins that has brought a Significant TVL and market capitalization to its platform.
Currently all of Solana’s meme coins, including popular ones such as Dogwifhat, Bonk, BOOK OF MEME, Popcat and cats in a dogs world, have managed to raise over 6.2 dollar bars in market capitalization. This highlights the importance of the Solana network in terms of how much it can grow in the coming years.
Among the top five altcoins on the market, the Solana network originally supports decentralized applications (dApps) and smart contracts, making it attractive to both developers and users. Therefore, its relevance over the next decade will likely be influenced by its ability to expand further, keep transaction costs low, and continue to foster a vibrant ecosystem of dApps and meme coin projects.
The forward-thinking nature of Celestia (TIA) paves the way for new use cases in the coming years
Celestia (TIA) is a relatively new cryptocurrency in the blockchain space that focuses on privacy, security, and decentralized finance (DeFi) applications. It emphasizes user anonymity and robust security features. Celestia Token Registered a Remarkable 354% price surge since its launch, establishing a substantial market capitalization value of $1.7 billion.
One of Celestia Network’s key strengths lies in providing a centralized alternative for data availability, opening the door to new applications previously not feasible on Ethereum. Furthermore, its compatibility with the Ethereum blockchain thanks to its high initial block size and low transaction fees suggests a symbiotic relationship that could unlock further use cases in the altcoin market.
Being the original cryptocurrency, the relevance of Bitcoin (BTC) is untouchable
Bitcoin (BTC) it is the first and best known cryptocurrency, often referred to as “digital gold”. It is decentralized, has limited supply, and serves as a store of value and medium of exchange. Bitcoin’s relevance is likely to be long-lasting thanks to its brand recognition, decentralized nature, and store-of-value status.
However, the legacy crypto asset may face challenges from CBDCs in terms of adoption for everyday transactions. In any case, its role as digital gold and as a hedge against inflation could still be important. Even better, its influence on the broader altcoin market is also a factor to consider when considering its potential growth.
Bitcoin’s rise in recent years has been monumental, and last year the token increased by over 100%, proving its sustainable value in the market. With the approval of numerous ETFs and the anticipation of further future developments, Bitcoin’s relevance is almost permanent.
Dogecoin (DOGE) is the original meme coin that inspired many and continues to be great
Dogecoin (DOGE) it started as a meme coin but over time it gained popularity and community support. It features low transaction fees and fast block times. Dogecoin’s relevance depends on its ability to maintain community engagement, adapt to technological advances, and potentially find use cases beyond its meme origins.
Meanwhile, the native DOGE token may face more challenges than other coins on this list in terms of utility and long-term adoption; however, it still holds immeasurable influence that may not dissipate anytime soon. CoinMarketCap analysts even expect Dogecin to remain relevant for years to come and likely reach $4,423 by 2050.
How will KangaMoon remain relevant in the next decade?
There are many factors to consider when considering the longevity and relevance of KangaMoon. First of all, being a meme coin is already an advantage, as meme coins are known to be increasingly backed by community support.
Thanks to KangaMoon’s engaging and rewarding platform, it should be able to garner millions of users over the next decade. Simply put, KangaMoon is also a pioneer of GameFi and SocialFi, an innovative approach that is poised to make waves in the play-to-earn and blockchain gaming market.
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