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New Cryptocurrency Releases, Listings and Presales Today – Axelar Wrapped wstETH, Bitgain, Pyth Network

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InsideBitcoins regularly reviews new cryptocurrency releases, ICOs and the latest CoinMarketCap listings to add to your watchlist.

In the dynamic realm of digital currencies, the introduction of new cryptocurrencies is a frequent occurrence, presenting diverse opportunities for enthusiasts. While the prospect of these listings is indeed exciting, it’s imperative to acknowledge the accompanying risks.

New Cryptocurrency Releases, Listings and Presales Today

We have seen many new cryptocurrencies exhibit considerable volatility in value, and the viability of the underlying project is not immune to the risk of failure. To navigate this landscape successfully, conducting meticulous research and comprehending the intricacies of the cryptocurrency’s project is imperative before committing to any investment decisions.

Assessing your risk tolerance and aligning your investment goals with the chosen cryptocurrencies is a prudent practice. Active engagement in due diligence ensures an informed approach, recognizing that the dynamic nature of the crypto market demands a strategic and well-informed investment strategy.

To make the work easier for investors, we’ve analyzed three newly listed tokens, including a presale coin, that have shown signs of providing high ROI to investors in the future. This analysis covers their mission, use cases, and other reasons each currency is considered a good investment.

1. Axelar Wrapped (Axl-WstETH)

Axelar’s introduction of the bridged version of Lido’s wstETH presents a unique approach to DeFi compatibility and cross-chain interoperability. By incorporating Axelar’s message passing and utilizing a decentralized validator set for security, wstETH offers a DeFi-compatible alternative to stETH, facilitating seamless integration with protocols like Uniswap and MakerDao.

Axelar price chart

The concept of a “wrapped” stETH, which addresses the daily balance fluctuations inherent in staking rewards, is a noteworthy feature. This approach allows users to engage with platforms like Curve and Yearn while maintaining a fixed stETH balance through wstETH.

The Axelar network’s broader mission of bridging diverse blockchain ecosystems, including well-established ones like Bitcoin and Ethereum, adds depth to the investment potential.

The protocol suite’s emphasis on providing a universal and easy-to-use framework for cross-chain requests without requiring proprietary protocols positions Axelar as an enabler for decentralized application developers.

Wrapping stETH creates a DeFi-compatible version of the stETH token, which allows for easier integrations with DeFi protocols, including Uniswap and MakerDao. Due to the nature of Lido, the amount of stETH on your balance is not constant – it changes daily as staking rewards come in. This is what’s known as a rebasable token. In the case of stETH, this is reflected through a daily token balance change to reflect your rewards.

Today’s live Axelar Wrapped wstETH price is $2,310.68 with a 24-hour trading volume of $571,117. Axelar Wrapped wstETH is down 0.11% in the last 24 hours. The current CoinMarketCap ranking is #2457, with a live market cap of unavailable. The circulating supply and the maximum supply are unavailable.

2. Bitgain (BGN)

BitGain is a cryptocurrency focused on simplifying and securing crypto transactions, addressing the challenge of cumbersome cryptographic addresses. The platform strongly emphasizes identity verification and transaction security, utilizing the UID System to enhance cryptocurrency transfers’ simplicity and safety.

Notably, BitGain contributes to the integrity of voting systems and governance processes through tamper-proof technology, ensuring secure and transparent digital voting. Additionally, the platform extends its utility to healthcare records management, prioritizing patient data privacy on the blockchain while enhancing security and accessibility.

Bitgain price chart

The commitment to visibility and transparency is underscored by BitGain’s implementation of blockchain-based tracking, allowing for authentic source tracing of products.

BitGain steps in as a friendly solution, focusing on identity verification and secure crypto transactions. Say goodbye to the struggle and fear of dealing with long, convoluted addresses. Just like how web users replace confusing IP addresses with user-friendly domain names through DNS, BitGain lets Blockchain users replace their lengthy crypto addresses with easy-to-recall terms.

Today’s live Bitgain price is $0.004542, with a 24-hour trading volume of $444,663. Bitgain is down 11.35% in the last 24 hours. The current CoinMarketCap ranking is #2524, with a live market cap of unavailable. The circulating supply is unavailable, and a maximum supply of 1,000,000,000.

3. Pyth Network (PYTH)

Pyth Network (PYTH) is a decentralized oracle network that provides real-world market data essential for decentralized applications (dApps) and DeFi protocols. The decentralized nature of PYTH ensures resistance to manipulation, establishing a secure foundation for smart contracts and DeFi applications dependent on accurate pricing data.

What sets PYTH apart is its cross-chain compatibility, offering price oracles for assets across various blockchain networks and enhancing interoperability in decentralized finance.

pyth price chart

A decentralized consensus mechanism and robust infrastructure underscore the commitment to reliability. PYTH token’s dual functionality as a governance voting tool adds an intriguing layer, allowing users to stake tokens for a say in the protocol’s evolution.

The PYTH token, with its supply distribution extending to approximately 90,000 crypto wallets engaged with the protocol, is presently trading at $0.33, reflecting a decrease from its peak at $0.51. This strategic distribution mechanism aligns with Pyth’s commitment to inclusivity within its user base.

Potential investors should note the platform’s dedication to precision in reporting numbers, underpinned by sophisticated game theory and cryptographic practices while being mindful of the token’s market fluctuations.

The Pyth Network is the largest first-party oracle for the world’s financial data. It supports more than 300 real-time price feeds across major asset classes, including digital assets, equities, ETFs, FX, and commodities. The network comprises some of the world’s largest exchanges, market makers, and financial services providers, contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications. Thanks to the Pyth Network’s innovative pull oracle design, applications can effortlessly “pull” the latest price onto their native blockchain on demand. 

Today’s live Pyth Network price is $0.344800, with a 24-hour trading volume of $156,417,293. Pyth Network is down 47.31% in the last 24 hours. The current CoinMarketCap ranking is #2168, with a live market cap of unavailable. The circulating supply is unavailable, and a maximum supply of 10,000,000,000.

4. TG.Casino ($TGC)

TG.Casino ($TGC) introduces a licensed Telegram Casino, pioneering a user-friendly Web3 KYC-free platform where a Telegram account is all needed to engage in legal crypto betting globally. With a high-potential ongoing presale, the native token offers enticing staking rewards and a profit-sharing system.

The casino provides an unprecedented 200% welcome bonus, up to 10 ETH, for new players and 25% weekly cashback on losses for $TGC users. Staked tokens boast an estimated 217% APY, appealing to yield-focused investors.

Beyond high yields, TG. Casino reshapes the casino industry by prioritizing user benefits, distributing profits to stakers, and implementing token buybacks for deflationary effects.

Blockchain integration enhances transparency, democratizes processes, and streamlines withdrawals/deposits through Telegram. With a capped supply and a clear token allocation strategy, TG.Casino represents an innovative and transparent approach to online gambling, attracting substantial investor interest.

Visit TG.Casino

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