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New cryptocurrency projects often have more upside potential for buyers than established, high market cap coins – the ‘big caps.’
Investors’ concerns over the global macroeconomic landscape may have influenced the recent crypto market decline. Many long and short positions have been liquidity due to unexpected Bitcoin price actions.
News has it that the market recorded a $400 million liquidation mid-last week. Thus, traders are scrambling to take profit for fear of losing their gains.
New Cryptocurrency Releases, Listings & Presales Today
Despite the dilemma across major cryptos and altcoins, new cryptocurrencies are added to the crypto market ahead of the halving year. Foox, Dragon, and Mane are some recent cryptos on the market. yPredict presale is also ongoing, and its details are covered below as part of the new cryptocurrency release Listings and presales update.
1. Foox (FOOX)
Foox is a BRC20 project that’s said to feature a multi-chain Meme token. According to its white paper, it is described as the first memecoin of ERC and BRC-20. While it positions itself as a crypto asset, its value is influenced, to a large extent, by its community. As a memecoin, the trend of its price and worth would be determined by its token’s overall demand and supply. More FOOX details are included below.
MultiChain Foox is a multi-chain meme project based on the BRC20 standard, featuring a delightful fox as its mascot. The project aims to provide users a vibrant and entertaining crypto experience by combining multi-chain technology with a unique concept.
It's the weekend — embrace the excitement and enjoy! $FOOX pic.twitter.com/7VJsAZFsbU
— FOOX (@foox_brc20) December 15, 2023
Foox is a built-on Ethereum network with FOOX as its native currency. FOOX has a price of $0.081922 today, and its teasing volume is valued at $2,800,619. The new cryptocurrency boasts a CoinMarketCap ranking of #2331, a market cap of 17 million, a circulating supply of 210 Million tokens, and a maximum supply of 210 Million coins. FOOX is listed on Uniswap v3 (Ethereum) and Uniswap v2 at press time.
2. yPredict (YPRED)
yPredict is one of the latest projects in the crypto AI sector. It leverages the predictive AI model to solve trading and investment problems.
🚀 Exciting News in the Crypto Space! 🌐🔮
yPredict (YPRED) presale surges past $5.5M with just $1M left to reach its $6.5M hard cap! 🚀
🤖 AI-powered trading tools
💡 Data-driven insights for traders
💰 Staking rewards up to 45%
📈 Presale price $0.11 – Listing at $0.12… pic.twitter.com/FnUxZTjJLk— yPredict.ai (@yPredict_ai) December 16, 2023
Generally, it’s AI season, and investors are hedging their bets on the future of projects in the sector. Top tech companies, including FAANG, are currently in a cutthroat race to secure the top spot in trend. Similarly, the crypto industry is not left out. Recent data shows that projects in the sector are coming up strong, with many recording 100% price improvement.
With yPredict set to launch fully in the first quarter of the coming year, investors still have the chance to join the project. YPRED is currently on presale at $0.11 and intended to go live at $0.12. With over $5 million raised so far and 20 thousand holders on the waiting list, investors can rest assured that the token is set to hit the ground running.
3. MANE (MANE)
The MANE, also called The Lion’s Den, was conceived by ScottCryptoWarrior. The project focuses on bringing investors closer to crypto projects with high success potential. It claims it’s creating a hub where crypto enthusiasts can interact and share ideas. Despite being a crypto project, it aims to boost the success of other projects in the industry. To achieve its vision, MANE claims it is taking initiatives to make it easier for investors to research new crypto projects from a single interface. The name of the project, MANE, is formed from Marketing, AMAS, News, and Engagement, which are said to be its core pillars. Additional details are included below.
The essence of the MANE token is to introduce a deflationary mechanism tailored for the cryptocurrency space. It champions genuine projects, enabling them to present innovations to investors overwhelmed by scams and fraudulent schemes clouding the crypto space. MANE seeks to bridge projects with astute investors, fostering a space where members can meticulously research before investing. The token’s intrinsic value is deeply rooted in its tokenomics and aligns seamlessly with its core ethos—Marketing. As the project thrives and gains traction, its value augments.
New all Time high $MANE family
To celebrate we will be burning 500,000 tokens on Tuesday
Thanks to everyone for the continued support 🦁 pic.twitter.com/mxCgYshK4r
— The Lions Den $MANE (@TheManeToken) December 17, 2023
Mane is an Ethereum-based project whose native cryptocurrency, MANE, is valued at $0.011508. The new cryptocurrency ranks at #3523 on CoinMarketCap as computed from its current market cap value of $638,058.17. Also, the MANE is reported to have a maximum supply of 1 hundred million tokens. MANE is listed on Uniswap v2.
4. Dragon (DRAGON)
The Dragon Project is positioning itself as the most deflationary currency on the platform. It claims it boasts initiatives designed to consistently cut back the supply of the DRAGON token, thereby driving up the asset’s price. It is said to achieve hyper-deflation by becoming relatively scarce with every transaction. According to its whitepaper, Dragon is primarily a degen token designed to become more valuable with increasing demand and scarcity. It does not possess any utility. Even its exclusive non-fungible token, the DragonCard, is designed only to be burned by holders to increase the value of the DRAGON token. There’s more to its features and functions, which are captured below.
Dragon operates on a blockchain infrastructure, utilizing the latest advancements in smart contract technology to ensure secure, transparent, and efficient transactions. The token leverages a proof-of-stake consensus mechanism, fostering sustainability by minimizing energy consumption. This aligns with the global shift toward eco-friendly blockchain solutions and positions Dragon as a responsible participant in the broader financial ecosystem. Dragon isn’t just a means of exchange; it’s a gateway to a thriving ecosystem. Holders of Dragon tokens gain access to a decentralized finance (DeFi) platform that offers a range of services, including yield farming, liquidity provision, and governance participation. The platform empowers users to actively shape the trajectory of Dragon’s development actively, fostering a sense of community ownership and collaboration. With a limited and deflationary token supply, Dragon becomes a store of value, encouraging long-term investment strategies. The deflationary model is complemented by periodic token burns, enhancing scarcity and reinforcing the token’s intrinsic value over time.
The bottom of 1U cannot be shaken, we just need to be patient and wait for Dragon to explode pic.twitter.com/fagszlRmxD
— Block WIN (@blockwinlabs) October 23, 2023
Dragon is BNB-based, and it has a value of $1.52 today. Its trading volume totaled $112,757 in the last 24 hours. With a market cap of $1.52 million, DRAGON ranks at #3185 on CoinMarketCap. Additionally, DRAGON has a maximum supply. There are one million tokens and a self-reported circulating supply of 70 thousand. However, these values are self-reported.
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