In a move that could significantly impact cryptocurrency adoption in the Philippines, Tether, the world's largest stablecoin issuer, has partnered with a Web3 infrastructure firm to allow Filipino citizens to pay their Social Security System (SSS) contributions using Tether (USDT).
In a move that could significantly impact cryptocurrency adoption in the Philippines, Tether, the world's largest stablecoin issuer, has partnered with a Web3 infrastructure firm to allow Filipino citizens to pay their Social Security System (SSS) contributions using Tether (USDT).
This integration represents a major step forward for cryptocurrency integration into mainstream financial systems, particularly in regions with limited access to traditional banking services, and can also affect the broader altcoin market. According to the latest on-chart metrics, Axie Infinity (AXS) and KangaMoon can experience the most substantial gains, which could propel the trader accumulation rate of these cryptos forward.
Tether Price Proves Stability
The Tether (USDT) price is designed to remain at $1 no matter what, and as such, even despite this latest update, where the SSS is mandated by law to provide for citizens even in tough times, through administration of social security and employee compensation, the Tether price has remained stable.
Moreover, it's clear that the Tether crypto has historically proven itself as one of the most stable cryptocurrencies in the market, where many traders use it for various use-cases. As a result, the Tether price prediction indicates that it will remain at $1 in 2024 as-well.
Axie Infinity Crypto at an Uptrend – What Can Traders Expect
Axie Infinity (AXS) has displayed bullish on-chart metrics, and has risen by 5% in the past week. During this time, the Axie Infinity price has gone up from $5.87 to $6.34, and could soon experience a jump to $7 or even above.
If the Axie Infinity crypto does indeed reach this level, it could potentially push ahead to reach new heights. The original all-time high (ATH) for AXS was on November 6, 2021 at $164.90. According to the Axie Infinity price prediction, it can end Q4 of 2024 at $8.
KangaMoon to Revolutionize the Meme Coin Space With Unique P2E Environment
KangaMoon (KANG) completed its blockchain ICO where it raised over $8 million, and could soon experience an even further uptrend in activity, fueled by major enthusiasm for its future. Specifically, the earliest investors gained a ROI of 400%, as the price jumped from $0.005 to $0.025. Now, the crypto is listed on CoinCodex and CoinCheckup, and major exchanges like Uniswap and BitMart.
It even reached a market cap of over $100 million, and could potentially hit a billion by the end of the year. These potential exchange listings could present an attractive opportunity for new investors who missed the presale. Latest projections suggest a potential 100x price increase at launch, making KangaMoon a potentially lucrative investment for those interested in the Play-to-Earn and Social-Fi space.
Through its unique P2E environments, players can control their own characters, and upgrade them with NFTs while engaging in battles. The Social-Fi feature also rewards users for active participation across social media channels. Moreover, KangaMoon staking went live, enabling anyone to utilize these tokens for additional capital gains, and all of these aspects make it a dominant crypto to accumulate in 2024 and beyond.
Which Crypto Can Spike in 2024 the Most?
Based on the latest on-chart metrics, while Tether has remained stable, Axie Infinity has jumped in value. Yet, the highest ROI was made with KangaMoon, and at this rate, it is poised to become one of the largest projects in Web3 not only in 2024 but beyond that point as-well.
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