The cryptocurrency market is up 4% over the past 24 hours, partially offsetting declines over the weekend. The overall cap is now $978 billion, down 12% in a week. As disappointing as the past few months have been for the broader market, a handful of smaller, recently launched coins have bucked the broader trend by posting gains following their initial listing. In recognition of such coins, this article collects the best new cryptocurrency launches for today and the coming weeks.
The best new cryptocurrency launches on September 20, 2022
Sweat coin (SWEAT)
Based between London and San Francisco, Sweatcoin is a free-to-download app that rewards users for daily steps with their own SWEAT cryptocurrency, which can be spent on a variety of products or donated to charity.
Unlike the similar STEPN platform based on Solana, SWEAT is an ERC-20 token running on the Ethereum blockchain.
The native platform, the Sweatcoin app, has been live for several years. In fact, it is the 11th most popular app in the Apple App Store in the Health & Fitness category and has also amassed more than 50 million downloads in the Google Play Store.
In other words, SWEAT already has a large addressable market and has already been listed on some of the top stock exchanges in the world. These include FTX, Huobi, OKX, and KuCoin.
Impressively, it’s up over 500% from its initial listing price last week. And despite being 48% below its ATH of $0.091476, it should continue to perform well.
Mugen Finance (MGN)
Only trading yesterday, MGN is up 10% over the past 24 hours to $118.48.
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 launch, Mugen has already reached a total value of $1 million. 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 also just rolled out its core staking feature, which users can use to stake across multiple chains. Given that this is one of its main selling points, it’s likely that the launch of Mugen will see more acceptance. This in turn will increase demand for MGN.
Metaplex is a recently launched decentralized protocol for creating and consuming NFTs and other digital assets on the Solana blockchain. MPLX — its governance token — has been listed on a variety of exchanges over the past 24 hours, including Huobi, Bybit, KuCoin, and FTX.
As described in the official docs, Metaplex is “a collection of tools, smart contracts, and more designed to simplify the process of creating and launching NFTs.” His three main projects are an NFT marketplace for Solana, a standard for creating Solana-based NFTs, and a standard for creating NFT metadata.
Despite being listed on a number of major exchanges, MPLX’s price is down 12% in the past 24 hours, according to CoinGecko data. This is likely because the sudden surge in liquidity has opened them up to significant volatility, with early holders now benefiting.
However, given the continued popularity of NFTs, Metaplex is definitely a new cryptocurrency launch to keep an eye on.
Point network (POINT)
Point Network, which bills itself as the “world’s first” full Web3 architecture, is a blockchain platform that provides the various infrastructure elements required to run a decentralized version of the Internet. These include a browser, domains, storage, apps, IDs, and email, among others.
This makes it a competitor for platforms like the Internet Computer, whose native POINT token is used to pay fees to storage providers and other services on its network.
Since POINT was listed on MEXC Global a few days ago, its price has been range-bound which is an encouraging sign (versus a dramatic decline). It hit an all-time high of $0.522896 for four days and is only 11.5% below that price.
Point Network now has over 34,000 followers on Twitterwhat kind of platform is good whose mainnet was launched on September 1st. It has also announced a number of new partnerships in recent weeks, including a collaboration with Solana-based domain service provider Bonfida.
One of the more interesting new altcoins on the market, TAMA, is the Ethereum-based native token of the pet-themed Tamadoge metaverse. Once launched, the latter will allow users to mint NFT-based pets, care for them, and battle each other.
The pre-sale started in early August and has only just ended, with the first listing due very soon. Despite a goal of just $2 million, it ended up raising $19 million. This is a testament to the interest it has garnered and how well its meme coin/play-to-earn metaverse combo will do.
Broadly comparable to something like Axie Infinity, Tamadoge’s play-to-earn platform gives users the ability to battle their Tamadoge pets and earn rewards for doing so. Additionally, players can also sell their NFT-based Tamadoges on the secondary market, offering real profit potential.
The first public listing of TAMA will take place on the LBANK stock exchange in the next few days. Given that, this listing will likely do well Tamadoge already has over 68,000 followers on Twitteran impressive number for an account that only joined the social media network in July.