Cosmic Kittens (CKIT) is on the verge of transforming the cryptocurrency market. What distinguishes Cosmic Kittens (CKIT) is not just its artistic charm but a pioneering vision in the crypto-gaming space.
Block Research’s market analysis has revealed an optimistic outlook for cryptocurrency in 2024. As a result, crypto enthusiasts are eagerly anticipating the next big coin.
According to experts, decentralized exchange (DEX) tokens and altcoins will play a prominent role in these bullish narratives. In particular, a hot prospect called Cosmic Kittens (CKIT) is attracting attention. Despite the project’s presale just launching, analysts believe this coin could do 20x of its crypto presale price by 2025.
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DEX Takeover: Uniswap (UNI) Leads the Charge
The crypto world was rocked by the news that the U.S. Securities and Exchange Commission (SEC) had filed a lawsuit against Binance. While the market was still embroiled in fear, the regulatory body also targeted Coinbase.
This saga of lawsuits shifted the preferences of crypto traders in their choice of platform. Rumors and fears of assets being frozen during this period led many traders to consider DEX platforms as viable alternatives to their CEX counterparts.
Benefiting from the chaos, decentralized exchanges (DEX) saw their trading volume surge by 88%, with Uniswap (UNI) accounting for nearly 50% of the total DEX volume. Uniswap’s (UNI) trading volume increased by over 200% to $1.48 billion across multiple chains.
PancakeSwap (CAKE) also saw its volume rise 75% to $481.84 million across the Ethereum (ETH) and BNB Smart Chain. Other protocols that recorded significant changes in their trading volume include Dodo with $163.92 million, Curve Finance (CRV) with $156.9 million, and Level Finance with $117.55 million.
With this trend showing no signs of abating, market experts believe it will continue to impact the broader altcoin market positively. They optimistically believe that the increasing adoption of DEXs might provide visibility and trading opportunities for alternative cryptocurrencies on decentralized exchanges.
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More Liquidity for Uniswap (UNI): Integration With Rootstock
Uniswap (UNI) has been making mainstream news media for its announcement to integrate its v3 protocol with Rootstock, a Bitcoin (BTC) sidechain. Coming soon after the project experienced a volume boost, this news was well received by spectators.
The integration underlines Uniswap’s (UNI) commitment to expanding its DeFi landscape to the Bitcoin (BTC) blockchain and marks a step toward completing phase 3 of its roadmap. It combines the smart contract flexibility of Ethereum (ETH) with the robust security model of Bitcoin (BTC). This synergy promises deeper liquidity, a wider range of DeFi use cases, and innovative on-chain swap capabilities.
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PancakeSwap (CAKE) Reduces Market Supply of Native Token (CAKE)
PancakeSwap (CAKE) reduced the maximum supply of PancakeSwap (CAKE) tokens from 7.5 billion to 4.5 billion as part of the transition from tokenomics v2.5 to the latest veCAKE release. This shift marks the start of a deflationary phase for PancakeSwap (CAKE).
Experts believe this move will propel the project to new heights across all platforms. Currently, with a circulating supply of 388 million CAKE, the team believes the new lower cap is sufficient for gaining market share across various chains and sustaining the veCAKE model.
Cosmic Kittens (CKIT) Presale: The Next Big Thing In the Crypto Gaming Space
Cosmic Kittens (CKIT) is poised to revolutionize the cryptocurrency market. What sets Cosmic Kittens (CKIT) apart is not just its artistic charm but a pioneering vision in the crypto-gaming space. The project is an NFT-themed gaming adventure set in a distant galaxy called Cosmo Kittania. Venturing into this ecosystem grants players the right to participate in a gaming adventure similar to legendary titles like Pokemon, Digimon, Tamagotchi, and Nintendogs.
Gamers will explore Cosmo Kittania accompanied by their furry cat friends, who they must nurture for maximum health and happiness. These Cosmic Kittens (CKIT) possess unique traits that gamers can hone via selective breeding. Gamers can cultivate certain abilities while unlocking cosmic upgrades and enhancements for their Cosmic Kittens (CKIT). This increases the uniqueness of these NFT assets. Furthermore, while completing nurturing and breeding tasks, gamers receive CKIT coins. They also receive extra tokens from trading NFT assets. Furthermore, Cosmic Kittens (CKIT) increases its play-to-earn incentives by allowing gamers to stake tokens in return for yield and percentage boosts.
Moreover, the project demonstrates its commitment to stability by implementing a two-year lock on team tokens, which helps to foster a stable market environment. Furthermore, a notable 26-year liquidity lock ensures continuous liquidity and market stability for
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