China News by Thebittimes.Com

The cryptocurrency market is gradually recovering, which suggests that an altcoin rally may be on the horizon. Several digital assets, such as Stacks, Sui, Polygon, MultiversX, VeChain, THORChain, and Toncoin, have already shown significant gains during this period of market improvement. As the market stabilizes, many investors are turning their attention to altcoins with growth potential, seeking to maximize their returns. This article analyzes some of the best crypto to buy now . Top Cryptocurrencies to Invest in Now Recent data from IntoTheBlock underscores Arbitrum’s expansion, with the network exceeding 1 billion cumulative transactions. Meanwhile, the Crypto All Stars presale has garnered considerable interest, raising over $1.9 million, mainly due to its distinctive staking rewards system. Additionally, the RENDER token has recently captured market attention, driven in part by its relevance in decentralized GPU rendering. 1. THORChain (RUNE) THORChain is a decentralize...

Token incentive models may become obsolete as layer-2 networks focus on ease of functionality and low fees, but how will this impact decentralization? Layer-2 networks continue to gain momentum as the Ethereum ecosystem advances. For example, data from analytics provider Token Terminal found that layer-2 scaling solution Polygon had 313,457 daily active users as of Jan. 17, 2023 — a 30% increase in activity since October 2022.  Moreover, the Polygon ecosystem recently announced the launch of its beta version Zero-Knowledge Ethereum Virtual Machine. As a result, Polygon’s native token, Polygon (MATIC), maintains a bullish narrative. While notable, some believe layer-2 networks offering token incentive models may soon become obsolete. For instance, Jesse Pollak — head of protocols and Base core contributor at American crypto exchange Coinbase — told Cointelegraph at ETHDenver 2023 that there are currently no plans to associate a token with Base, the Ethereum layer-2 network recently la...