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Cryptocurrency News Articles
Zig Network’s (ZIG) Competitive Edge Over Render Token (RNDR) and Audius (AUDIO)
Oct 22, 2024 at 05:30 pm
The innovative idea to integrate blockchain tech into creative industries birthed projects like Render (RNDR) and Audius (AUDIO). But at some point
As blockchain continues to integrate into creative industries, projects like Render (RNDR) and Audius (AUDIO) come to mind. However, at some point, holders set their sights on exploring projects that offer something unique, like Zig Network (ZIG).
While Render (RNDR) and Audius (AUDIO) have made their mark, they may be facing some challenges that could be giving an edge to projects like Zig Network (ZIG). Let's take a closer look at what's happening with these projects.
Audius (AUDIO) Payment Launch and Holder Sentiment
The Audius (AUDIO) community has seen some activity recently as the platform announced the official launch of a public payment system for artists with a 10% community split. However, despite Audius (AUDIO)s efforts in the music streaming space, holders seem to be in a bubble of doubt.
With a 4.04% price decrease in the past month, Audius (AUDIO) may have handed the competitive edge to projects like Zig Network (ZIG). Even as Audius (AUDIO) saw a slight increase in the past week, holders still seem to be on the fence about its long-term price trajectory.
Render (RNDR) Crossroads: Solana Migration and Growth
Over the past few months, the Render (RNDR) network has undergone new developments. One of them is the complete migration of Render (RNDR) to the Solana Blockchain. However, the full migration now requires holders of the original Ethereum-based RNDR to swap their tokens for the new Solana-based RENDER token.
Understandably, some concerns are raised within the community as Render (RNDR) has now been discontinued for withdrawals and deposits. The migration concerns and signs of price volatility left Render (RNDR) holders seeking alternatives in projects like Zig Network (ZIG) in Q4.
Zig Network’s Utilities to Draw Investors In
Crypto enthusiasts and analysts are eager to explore the possibilities with Zig Network (ZIG). Through its decentralized model, this platform offers holders the ability to earn a cut of the fees generated by the platform.
One of the key features that makes Zig Network stand out is the ZIG debit card, which allows users to make everyday purchases. It is also important to note that the liquidity of the tokens is locked indefinitely.
Furthermore, investors can earn passive income through staking, as Zig Network (ZIG) rewards top ZIG holders through its shared governance system. All of these features contribute to ZIG's competitive edge over other projects like Render (RNDR) and Audius (AUDIO).
To learn more about Zig Network (ZIG), follow the links below:
Participate in the Zig Network (ZIG)
Read the Zignet Whitepaper
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- SAND, MANA, and AXS Prices Pump – Are Metaverse and Gaming Narratives Waking Up?
- Nov 24, 2024 at 06:30 pm
- Memes and AI narratives have taken the show in this bull run. Some sectors that were hot in the 2021 bull run, such as metaverse and gaming, haven't produced big gains for holders so far in this cycle.