Launching A New Cryptocurrency For September 20, 2022 Tech Tribune France

The cryptocurrency market jumped 4% in the past 24 hours, partially offsetting the weekend’s dips. Its total cap now stands at $978 billion, down 12% in one week. However, as disappointing as the past few months have been for the broader market, a handful of smaller and recently launched coins have bucked the overall trends by posting gains after their initial listings. It is in recognition of these coins that this article rounds up the best new cryptocurrency launches for today and the weeks ahead.

Top New Cryptocurrency Launches for September 20, 2022

Sweatcoin (SWEAT)

Based between London and San Francisco, Sweatcoin is a free downloadable app that rewards users for their daily steps with its own SWEAT cryptocurrency, which can be spent on a variety of products or donated to charity.

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Unlike the similar Solana-based STEPN platform, SWEAT is an ERC-20 token running on the Ethereum blockchain.

Its native platform, the Sweatcoin app, has already been live for several years. In fact, it’s the 11th most popular app on the Apple App Store in the Health and Fitness category, and has also amassed over 50 million downloads on the Google Play Store.

In other words, SWEAT already has a large addressable market and has already been listed on some of the largest stock exchanges in the world. This includes FTX, Huobi, OKX and KuCoin.

sweatcoin sweat price chart new cryptocurrency launches for september 20, 2022

Impressively, it is up over 500% from its price when it was first listed last week. And despite being down 48% from its ATH of $0.091476, it should continue to do well.

Mugen Finances (MGN)

Listed only yesterday, MGN is up 10% in the past 24 hours to $118.48.

mugen finance mgn price chart

MGN is the native token of Mugen Finance, an Arbitrum-based yield aggregator that uses cross-chain messaging to allow users to access multiple yields from multiple networks.

Since its launch, Mugen has already reached $1 million in total value locked. This is obviously a very modest number compared to TVL for chains like Ethereum and BSC, but it represents impressive growth for a newborn platform.

Mugen Finance has also just launched its basic staking feature, which users can leverage to stake multiple chains. Given that this is one of its main selling points, it is likely that its deployment will further attract Mugen adoption. In turn, this will increase the demand for MGN.

Metaplex (MPLX)

Metaplex is a recently launched decentralized protocol for creating and using NFTs and other digital assets on the Solana blockchain. MPLX – its governance token – has been listed on various exchanges over the past 24 hours, including Huobi, Bybit, KuCoin, and FTX.

As described in its official docs, Metaplex is “a collection of tools, smart contracts, and more designed to ease the process of creating and launching NFTs.” Its three main projects are an NFT marketplace for Solana, a standard for creating Solana-based NFTs, and a standard for producing NFT metadata.

metaplex mplx price chart

Despite being listed on a number of major exchanges, MPLX’s price has fallen 12% in the past 24 hours, according to data from CoinGecko. This is likely because the sudden increase in liquidity has opened it up to considerable volatility, with early holders cashing in now.

Still, given the popularity of NFTs, Metaplex is definitely a new cryptocurrency launch to watch.

Network of points (POINT)

Billing itself as the “world’s first” complete Web3 architecture, Point Network is a blockchain platform that provides the various infrastructure elements needed to run a decentralized version of the Internet. This includes browser, domains, storage, apps, credentials, and emails, among others.

This makes it a rival to platforms such as the Internet Computer, with its native POINT token being used to pay fees to storage providers and other services on its network.

point network point price chart new cryptocurrency launches for september 20, 2022

Since POINT listed a few days ago on MEXC Global, its price has been trading in a tight range, which is an encouraging sign (compared to a dramatic drop). It hit an all-time high of $0.522896 in four days and is only 11.5% below that price.

Dot network now has over 34,000 followers on Twitterwhat is good for a platform whose mainnet was launched on September 1. It also announced a number of new partnerships in recent weeks, including a collaboration with Solana-based domain service provider Bonfida.

Tamadoge (TAMA)

One of the most exciting new altcoins on the market, TAMA is the native Ethereum-based token of the pet-themed Tamadoge metaverse. Once launched, the latter will allow users to hit NFT-based pets, feed them, and fight with each other.

Its pre-sale started in early August and has just ended, with its first listing expected very soon. Despite aiming for just $2 million, he ended up raising $19 million. This is a testament to the interest it has garnered and how well its combination of meme coins and play-to-earn metaverse is likely to work well.

Broadly comparable to something like Axie Infinity, Tamadoge’s play-to-win platform will give users the ability to battle their Tamadoge pets and earn rewards for doing so. Additionally, players will also be able to sell their NFT-based Tamadoges on the secondary market, offering real profit potential.

TAMA’s first exchange listing will be on the LBANK exchange, expected in the coming days. This list is likely to do well, given that Tamadoge already has over 68,000 Twitter followersan impressive number for an account that only joined the social network in July.



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Launching A New Cryptocurrency For September 20, 2022 Tech Tribune France


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