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Tuesday, September 27, 2022

New Cryptocurrencies That Are Also Among The Most Tracked By Investors

Cryptocurrencies have gathered the attention of many owing to the huge volatility this novel asset category saw only last week. Now, there are as many as 7000 digital currencies and some seem to have sprung up because of the last crisis, the massive sell-off these currencies are continuing to witness.

As of writing the story, bitcoin the largest crypto by market cap as per blockchain news outlets CoinDesk traded higher by a marginal 0.41 percent at $36.52K. This is even as there has been clampdown on the currency in China as well as Elon Musk’s continuing tweet, which kept dragging the digital token lower.

Now here we put across some of the currencies that might have surfaced either due to the latest crisis or are newly evolved:

1. StopElon:
This was the crypto which originated after investors shown their aggression or hate towards Elon Musk on irrationally influencing the price of cryptocurrency bitcoin and other altcoins. Now as per the Laptomag site, the coin can be purchased from PancakeSwap using the Trustwallet app. All a buyer needs is a Binance coin (BNB).

2. Polygon (MATIC):
It is the original currency of Polygon or Matic Network cofounded by 3 Indian IT engineers. Polygon primarily works on addressing key issues that are linked to blockchain technology such as a higher gas fees as well as slow speed and that too without sacrificing on security.

Matic was among the currencies that traded positively when there was across the board sell-off in the cryptocurrency market. The top exchanges for trading in Polygon as per the site are Binance, Huobi Global, OKEx, FTX, and CoinTiger.

This cryptocurrency as per the coinmarketcap.com ranks 16th after first ranking as the top 20 cryptocurrencies.

3. Shiba Inu(SHIB):
This cryptocurrency post Dogecoin huge rally came into existence and created a huge wave. Actually the cryptocurrency drew its name from a Dog called SHIBA INU which pushed several of the investors to invest in cryptotokens. Also know as ‘Doge Killer’ it was to be listed on their own exchange, ShibaSwap. As per the website as much as 50% of the token is locked on Uniswap, while the remaining 50 percent was destroyed by Vitalik Buterin.

4. Snoop Doge:
The token is influenced by strains of OGE including HOGE, WOGE etc. The digital token along with other partners can serve as a collateral in establishing real-world synthetics associated with cannabis stocks & assets. There is not given the m-cap for this digital coin on the site plus only the total tokens in supply is available which is at 42,000,069.

5. Graviton:
This crypto can be traded on UniSwap and has a coinmarketcap ranking of 5271. Notably, cryptocurrency’s market cap is calculated by multiplying the number of coins minted with the price and this is crucial in the crypto world as it gives an idea of the crypto valuation. Also, these are an indication of the cryptocurrencies’ dominance in a universe of other currencies.

6. SafeMoon:
This is another meme coin and is a Defi or decentralized finance token. As per the Coinmarket cap site is a combination of RFI tokenomics and an auto-liquidity generating protocol. SafeMoon as per reports shall come up with a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps. This crypto was launched in March 2021. SafeMoon similar to StopElon can be bought on PancakeSwap and also BitMart.

7. Zoo Token:
This token is also among the most viewed tokens on the Coinmarketcap.com. Coins with animal names have also create a frenzy in the financial world Now ZooToken shall work as the centre for these Animal Coins” key-values.

8. Chihua Token | Chihua Token, which calls itself the “answer” to DogeCoin, Shiba Inu, and other dog meme coins, has a trading volume of $13,458,970 and is currently trading at $0.00000003, according to Coingecko. The developers claim that the token, which runs on the Ethereum blockchain, has only 1 percent of its token supply for development.

9.Corgi Inu | Corgi Token is yet another dog-based meme coin, the mascot being the popular Corgi breed of dogs while “Inu” is the Japanese term for “dog”. The coin is a “decentralised community-based cryptocurrency” on the Ethereum blockchain system and has a trading value of $1,853,890. It was launched on May 19.

10.SafeOrbitBased on the Binance Smart Chain, this cryptocurrency token is an “autonomous yield and liquidity generation protocol”. The token has already burned nearly 48 percent of its supply even as it launched on May 20. Its current trading volume is $200,870.

11. Echelon DAO | The ECHO token has been developed by the Echelon DAO organisation that claims that it is a “transparent organization governed by Smart Contracts and controlled by the Echelon community”. It is linked to the Binance Smart Chain and was launched on May 20. Its current market cap, according to the FAQ on its website, is $364,864 and it has a trade value of $387,812.

12.Atlantic Finance Token | Atlantic Finance Token has a range of financial products in decentralised finance that provides services like lending aggregation, yield generation, and insurance on the blockchain. Their token will soon be connected to the Binance Smart Chain. It was launched on May 19 with a trading volume of $994,246.

New cryptocurrencies’ drawing huge investor interest with m-cap etc.

CryptocurrencySymbolPrice as on CoinmarketcapM-cap% gains in the last 24 hourCirculating supply
PolygonMATIC$1.43$8,817,579,802426.16B MATIC
Shiba InuSHIB$.0000084$3,348,344,7807.00%394,796.00B SHIB
Snoop DogeSNOGE$0.07005(-36%)
GravitonGTON$6.24(6%)
SafeMoonSAFEMOON“$0.000004402$2,514,199,5350.29%585,536.37B SAFEMOON
ZOOTokenZOOT<$0.00000001(-47%)

While there have been added some of the cryptos today such as Dick on the Coinmarketcap.com there is no price change for them so not mentioned here. Also, for some of them which have been added just 3-4 days back on the exchange, there is no market cap. Nonetheless for collating the data we have included all such new cryptocurrencies that are popular as well as most searched.

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