Recent events in the cryptocurrency market indicate that some updates go unnoticed while others grasp investors' attention. In this article, we will explore the latest news about Avalanche and Stellar, as well as new opportunities presented by the DeSoc project.
Tencent Cloud Support for Avalanche Subnets
Avalanche continues to evolve, albeit quietly. Tencent Cloud rolled out support for Avalanche subnets, potentially easing Web3 game development in Asia. Furthermore, Lynq processed its first institutional payment on the network, indicating real-world applications of the technology.
As of now, the price of AVAX hovers around $24.00, with a recent increase of 32% over the past month.
Stellar Price Surge and New Protocol Rollout
Stellar showcases steady growth with XLM price surging more than 75% over the last month, currently trading at around $0.436. Support from PayPal in stablecoin expansion likely played a role in this growth. Approximately $446 million in assets are now tokenized on Stellar, and Protocol 23, which improves transaction handling, is already live, contributing to increased network interest.
DeSoc Presale: Early Participation Opportunities
The DeSoc project has just launched its presale at $0.01 and is already garnering investor attention. The project aims not to replace traditional platforms but to integrate with them, allowing users to post on platforms like TikTok and Instagram while remaining active on-chain. The SOCS token will be used for various functions such as tipping and governance voting.
While the cryptocurrency market experiences volatility, Avalanche, Stellar, and DeSoc present intriguing prospects for users and investors. These projects establish their value through real-world applications and new technologies, making them worth watching for the future.
