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Buying pressure is increasing as FOMO has pushed the overall Fear and Greed Index to 89. Meanwhile, the forthcoming bull run has prompted investors to reassess their investment portfolios, heightening interest in Altcoins. This surge in activity has sparked a wave of enthusiasm among traders, with trading volumes increasing.
The ongoing rally wave has also created favorable conditions for new tokens and presales to flourish. This analysis delves into their functionalities, performance metrics, and notable advancements within these coin markets.
New Cryptocurrency Releases, Listings & Presales Today
Investors have slowed down the recent surge in Bitcoin and Ether prices, leading to a decline. However, Bitcoin Minetrix’s presale stage 31 has exceeded $12.2 million, with more than 736,556,913 tokens staked.
SolarSwap aims to utilize Solana’s efficient blockchain infrastructure for unmatched speed, security, and scalability. Similarly, Entangle’s imminent rollout of Photon Messaging on the mainnet in April 2024 represents a major advancement, offering secure cross-chain communication between EVM and non-EVM chains and potentially revolutionizing Web3.
1. Axo (AXO)
Axo Protocol seeks to tackle the inefficiencies and risks inherent in centralized and decentralized protocols. Years of financial expertise and cutting-edge research have culminated in a protocol designed to transform trading by addressing fundamental concepts of value exchange.
Developed on the Cardano blockchain, Axo Protocol leverages unique security and computation paradigms to enhance efficiency. It also introduces novel revenue streams to the ecosystem. Moreover, Axo Protocol aims to streamline market-making and price discovery processes. To achieve this, it will empower users with control over impermanent loss and capital efficiency.
At its core, Axo Protocol introduces programmable swaps. These on-chain microprograms enable users to define their trading parameters with previously unattainable precision. This level of control over trading intent marks a significant departure from traditional approaches.
$AXO is live on coinmarketcap:https://t.co/sSlghc2szT
/p to your❤️'s content.
Next step: DEX integration. pic.twitter.com/QUY59t3J6V
— Axo (@axotrade) March 14, 2024
Focusing on democratizing access to bespoke trading tools and investments worldwide, Axo Protocol connects investors with a diverse range of products. It offers risk management, dynamic hedging, and adaptability to market conditions. Furthermore, the platform’s signal engine architecture provides high-frequency on-chain data streams.
Hence, it facilitates data analysis and back-testing for informed decision-making. In essence, the Axo Protocol represents a paradigm shift in trading technology. It offers a comprehensive suite of solutions to enhance efficiency, reduce risk, and empower users in the rapidly evolving cryptocurrency landscape.
2. Solar Swap (SOLAR)
SolarSwap is a decentralized exchange (DEX) designed to redefine digital asset trading. SolarSwap promises unparalleled speed, security, and scalability by leveraging Solana’s high-performance blockchain infrastructure.
Utilizing Solana’s lightning-fast transaction speeds and superior throughput, SolarSwap ensures instant order execution. As such, it offers traders an easy and simple trading experience in traditional exchanges. Meanwhile, SolarSwap native currency, the $SOLAR token, is the backbone of the platform’s ecosystem.
SOLAR holders can stake their tokens to earn protocol fees, participate in governance votes on protocol decisions, and enjoy continuous revenue-based buybacks. Also, all utility revenue is directed straight to the token through buybacks, providing significant benefits to holders.
SolarSwap’s integration with prominent platforms like LBank, PAAL AI, CoinGecko, and CMC underscores its commitment to driving adoption and accessibility within the crypto space. In its initial hours post-launch, SolarSwap showcased impressive metrics, with a peak market cap of 5.1 million and over 5 million in trading volume.
🌈New #listing
⛵️ #SOLARSWAP (Solar Swap will be listed on LBank！@SolarSwapDEX
Solar Swap is a decentralized exchange and a automated market maker operating on the Solana blockchain.
👉 Details: https://t.co/k0kf46VKn6 pic.twitter.com/Luy76PnV5S
— LBank.com (@LBank_Exchange) March 12, 2024
The platform swiftly gained traction, trending on platforms like Dextools and Dexscreener and attracting multiple key opinion leaders (KOLs) to its cause. Looking ahead, investors can anticipate further growth and outreach initiatives. This includes collaborations with higher-tier crypto influencers on Telegram, strategic bot advertisements, and banner placements on major crypto sites.
Moreover, continuous upgrades and enhancements to the DEX’s backend and user interface are on the horizon, along with additional listings on centralized exchanges (CEX). The project’s visibility is expected to soar, with trends on SolScan and increased viewership on Birdseye.
3. Entangle (NGL)
Entangle’s vision is to offer comprehensive solutions for seamless connectivity across diverse networks. From integrating traditional Web2 data to pioneering cross-chain DeFi products, Entangle seeks to spearhead omnichain evolution.
Meanwhile, Entangle’s upcoming launch of Photon Messaging on the mainnet in early April 2024 marks a significant milestone. This groundbreaking solution promises to revolutionize Web3 by facilitating secure omnichain communication between EVM and non-EVM chains. Furthermore, the culmination of extensive development and testing highlights Entangle’s commitment to advancing blockchain technology.
With the deployment of Photon Messaging, users and developers will gain access to many innovative use cases, driving further innovation in the space. Moreover, introducing the Entangle Blockchain Explorer alongside Photon Messaging will provide invaluable insights. It will also offer analytics on the Entangle Oracle Blockchain (EOB), enhancing transparency and accessibility.
Following the launch of Photon Messaging, Entangle will unveil its native dApp, Liquid Vaults, on the mainnet in early to mid-April. Incubated by Entangle Labs, Liquid Vaults offers a novel refinancing solution.
In addition, it enables the creation of Composable Derivative Tokens (CDTs) on any yield-bearing asset. Leveraging Entangle’s interoperability infrastructure, Liquid Vaults unlocks many yield opportunities for users while enhancing partners’ liquidity.
4. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix has unveiled its groundbreaking Stake-to-Mine mechanism, which operates on Ethereum’s smart contract platform. This innovative approach aims to overcome the limitations associated with traditional cloud mining methods.
Following a successful presale that amassed an impressive $12.2 million, each BTCMTX token now holds a value of $0.014, attracting considerable attention from investors. The project has seen a substantial stake of 736,556,913 tokens, indicating a strong vote of confidence from the investor community.
Phase 2 of the project is slated to focus on platform development and facility establishment, including creating mobile and desktop software. Bitcoin Minetrix plans to expand its team and initiate discussions with leading cloud mining conglomerates.
The primary goal is to refine the Stake-to-Mine contract and secure additional listings on various cryptocurrency exchanges. Phase 3 will mark the public launch of Bitcoin Minetrix’s Stake-to-Mine platform, a critical milestone in its development.
Only one day remains until the conclusion of Stage 31 of #BitcoinMinetrix! ⏳
How does the adoption of Segregated Witness (#SegWit) impact mining? pic.twitter.com/bwHuA98wVm
— Bitcoinminetrix (@bitcoinminetrix) March 15, 2024
Users can withdraw mined BTC to their wallets during this phase for the first time. In the final phase, Bitcoin Minetrix aims to drive widespread adoption of the BTCMTX token through sustained marketing efforts and expanding its cloud mining rental services.
Investors at Stage 31 of the presale stand to gain an APY of 57% through staking, presenting an attractive return opportunity. With just one day left before the anticipated price rally, investors can capitalize on the coin’s current price.
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