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There is no shortage of high-octane excitement this week as countless crypto launches get underway on centralized exchanges.
This article delves into this week’s top five new crypto listings. We analyze which exchanges will list them, prices, use cases, community sentiment, and more. Let’s get started.
Smog
Smog is crypto’s hottest multi-chain meme coin. Based on a fierce dragon that reigns over the crypto battlefield, Smog is accessible across the two most prominent on-chain meme coin markets, Solana and Ethereum.
However, Smog is spreading its wings to centralized exchanges this week, recently launching on MEXC. Indeed, this is already providing the token with added trading volume, with CoinMarketCap data reporting a 145% uptick today, currently at $3 million.
The added volume has also bolstered its price, up 8.2% today. However, it remains 43% from its ATH, presenting a solid entry point for new buyers.
Smog is also running an airdrop alongside its recent exchange launch, inviting users to complete quests from the project’s Zealy page for their share of the rewards.
However, the airdrop information page notes that the most XP can be earned for buying, swapping, and trading Smog.
Visit Smog Website
Green Bitcoin
Green Bitcoin recently concluded a tremendously successful presale, raising $9.6 million in one month. The token will launch on Uniswap at 1 PM UTC on Friday, 5 April 2024.
Following this, the team is set to announce a centralized exchange listing on 10 April, followed by the launch on 11 April.
Currently, investors can buy Green Bitcoin at its fixed presale price; this will end when it launches on Uniswap, at which point its price will be determined by supply and demand.
Green Bitcoin is an eco-friendly Bitcoin alternative with utility in the form of a predict-to-earn mechanism.
Users who stake $GBTC can access the feature and make predictions on things like whether Bitcoin’s price will rise or fall the next day. Winners get $GBTC and up to 100% bonuses.
The project launched on the Ethereum network, providing a platform for added functionality while swapping out Bitcoin’s energy-intensive Proof-of-Work for the greener Proof-of-Stake.
Visit Green Bitcoin Website
Wormhole
W is the native token to the Wormhole cross-chain messaging platform. Wormhole is an integral part of cryptocurrency infrastructure, used by many leading dApps to transfer data between blockchains.
The token launched on 3 April with 617.3 million W distributed via an airdrop to protocol users.
Despite the token only just launching, Wormhole’s deep industry foothold has already secured it a Binance listing.
Currently, Wormhole is trading at $1.16, down 11% today, with a $2 billion market cap.
1.8 billion W tokens are already in circulation, representing just 18% of its total supply. This equates to an $11.6 billion FDV.
W’s website illustrates its position as a market leader, boasting stats like over $1 billion cross-chain messages sent, 200 applications using the service, and 30 blockchains supported.
Ethena
Ethena is a decentralized finance (DeFi) protocol that offers a yield-generating stablecoin called USDe.
The project’s native governance token, ENA, launched this week and was quickly listed on Binance.
It is currently trading at $1.12, up 10.3% today. It has a $1.5 billion market cap and a $2.3 billion 24-hour trading volume.
The team airdropped 5% of the total ENA supply to USDe holders to kick start its launch.
According to its website, Ethana boasts a $2 billion TVL, 120K users, and offers a 37.1% APY on its stablecoin.
Adding to the excitement, Delphini Labs CEO Jose Maria Macedo wrote that Ethena will become the highest-revenue crypto project thanks to its innovative stablecoin mechanics.
He also predicts that USDe will become the third-largest stablecoin by market cap, only behind USDT and USDC.
But this reflects a broader market sentiment on Ethena, which is also evident in it topping CoinMarketCap’s trending list yesterday and currently in second place, behind W.
Cat in a dogs world (MEW)
Cat in a dogs world is a Solana-based meme coin which launched last week and gained considerable momentum through its airdrop.
But after an explosive trajectory, centralized exchanges have started to take notice of the project. Prominent platforms like KuCoin and MEXC announced they will list the coin.
Currently, MEW is trading at $0.006167, down 22% today but up 209% this week. Its market cap is $539 million, and its 24-hour trading volume is $196 million.
Its market cap makes it the 510th largest crypto, but its trading volume places it in the 57th spot, illustrating a notable market interest in the token.
The project challenges the meme coin norms, opting for a cat mascot instead of a dog. Its slogan reflects this move: “If we work together, we can finally escape this dog world.”
MEW initially distributed 5% of its total supply to Solana meme coin holders, then announced on Tuesday that it will airdrop another 5% to Solana Mobile owners.
Source: https://finbold.com/new-crypto-listings-this-week-smog-green-bitcoin-wormhole-ethena-mew/