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As the cryptocurrency sector navigates the extended bear market, new digital assets are still launching, hoping to follow the success of established entities such as Bitcoin (BTC). Interestingly, the introduction of new assets saw the total number of cryptocurrencies surpass the 22,000 milestone.
Indeed, some new cryptocurrencies are showing potential by attracting interest from investors through capital inflow. Notably, investors are pouring funds into the new assets despite their infancy stages. This indicates that the assets potentially have a strong underlying utility case.
In this line, the following are selected five new listed on CoinMarketCap cryptocurrencies to invest in January 2023.
Voxto Amplify (VTX)
VTX is the native token of the centralized finance platform Voxto, built on the Ethereum (ETH) chain. The token serves as a utility and governance platform for Voxto. The platform enables investors to stake and earn on crypto by profit share. Notably, the project has recently made inroads into the metaverse and Web3 while building the infrastructure for the crypto economy. At the moment, VTX is trading at $0.02 with a market capitalization of about $47.28 million.
BITCONEY (BITCONEY)
BITCONEY serves as the game reward token for the Crytpo Bunny Game. The token aims to recreate the Bitcoin mining experience, where players will mine blocks as they earn BITCONEY tokens.
Indeed the ecosystem seeks to differ from other play to earn cryptocurrencies by allowing users to play for free. Recently, the BITCONEY ecosystem has experienced increased development activity alongside listing on cryptocurrency exchanges. By press time, BITCONEY was trading at $2.16 with a market capitalization of about $44 million.
SENSE4FIT (SFIT)
Sense4FIT is a “FIT to EARN” platform that aims to deliver an online concept leveraging a semi-decentralized app. The platform that uses SFIT as its native token focuses on elements such as fitness, nutrition, personal development, and mindfulness.
The token has recently recorded increased interest from the crypto community with listing on different crypto trading platforms. At the same time, SENSE4FIT is also inking partnerships with sports personalities to promote the underlying concept. At the moment, the SFIT is changing hands at $0.024 with a market capitalization of $25.1 million.
DEXO (DEXO)
The DEXO platform combines the benefits of both centralized and decentralized cryptocurrency exchanges to offer a new experience for users. Interestingly, the platform, whose native token is DEXO seeks to capitalize on the recent events in the crypto market, like the FTX collapse, to attract new users. In this line, the token has rallied almost 2% in the last 24 hours to trade at $0.01. The token now controls a market cap of $20.17 million.
Zeniq (ZENIQ)
The Zeniq platform aims to improve the experience of decentralized exchange traders. With the platform leveraging the ZENIQ native token, users will have an opportunity to experience a fast and secure way to manage and trade all categories of crypto assets.
Interestingly, the ecosystem has rallied almost 25% in the last 24 hours, trading at $0.07 at the time of publishing. The rally has led to the asset accumulating a market capitalization of $6.3 million.
It is worth mentioning that, being newly listed cryptocurrencies, they are likely to suffer price fluctuations. At the same time, the assets are also not immune to the prevailing market conditions.
Source: https://finbold.com/5-new-cryptocurrencies-to-buy-in-january-2023/