{"id":556375,"date":"2024-07-23T18:45:36","date_gmt":"2024-07-23T18:45:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=556375"},"modified":"2024-07-23T18:45:36","modified_gmt":"2024-07-23T18:45:36","slug":"new-cryptocurrency-releases-listings-presales-today-drift-bouncebit-venom","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/new-cryptocurrency-releases-listings-presales-today-drift-bouncebit-venom","title":{"rendered":"New Cryptocurrency Releases, Listings, & Presales Today \u2013 Drift, BounceBit, Venom"},"content":{"rendered":"

The crypto market opened the week with a minor price uptick as <\/span>new cryptocurrency releases, listings, & presales today<\/a> witnessed increased investor attention. The global crypto market cap increased by 0.67% over the past 24 hours, reaching $2.45T. The total crypto market volume grew by 44.48% in the same time frame to $71.57B.<\/span><\/p>\n

InsideBitcoins provides an overview of new digital assets assets fit for consideration in the current market outlook. This article curates details on their features, utilities, and market outlook.<\/span><\/p>\n

New Cryptocurrency Releases, Listings, and Presales Today<\/b><\/h2>\n

Drift is a decentralized exchange (DEX) operating on the Solana blockchain, which facilitates trading in both perpetual and spot markets. Meanwhile, BounceBit is in the process of developing a BTC restaking infrastructure to establish a foundational layer for a variety of restaking products. On another front, the Venom blockchain is designed to address key issues that have impeded the widespread adoption of decentralized applications, such as slow transaction confirmations, high fees, and limited scalability.<\/span><\/p>\n

Following WienerAI’s launch in mid-April, the project raised over $7.5 million, highlighting investor optimism regarding the WAI token’s potential growth. Besides, <\/span>Bitcoin and Ethereum<\/span><\/a> have remained stable, while Dogecoin experienced a spike after Biden decided to bow out of the presidential race. <\/span><\/p>\n

1. Drift (DRIFT)<\/b><\/h3>\n

Drift is a decentralized exchange (DEX) operating on the Solana blockchain. It facilitates trading in perpetual and spot markets, offering leverage up to 10x. The platform supports trading in both pre-launch markets and established tokens, thereby enhancing capital efficiency by allowing a variety of assets to be used as collateral.<\/span><\/p>\n

Drift provides several tools to manage positions efficiently. For instance, users can trade markets with up to 10x leverage for perpetual futures and swaps. Similarly, spot trading allows trading assets with up to 5x leverage, and token swaps enable swapping any pair with up to 5x leverage. <\/span><\/p>\n

\"DRIFT<\/p>\n

Furthermore, Drift aims to balance capital efficiency and asset protection through a sophisticated cross-margined risk engine. This includes using collateral for perpetual futures and spot trading, earning through lending deposited tokens, which also serve as collateral for swaps, and restricting borrowing to ensure borrowers have adequate collateral, with multiple safety measures in place.<\/span><\/p>\n

Additionally, users can generate yield through several options. For example, lending and borrowing allow users to earn yield on deposits. On the other hand, insurance fund staking lets users stake assets in a vault to earn from exchange fees. Moreover, market maker rewards offer an opt-in market-making Alpha Program, while backstop AMM liquidity (BAL) provides leveraged liquidity to earn yield.<\/span><\/p>\n

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Pre-market valuation puts $CLOUD<\/a> at $0.3287 ☁️<\/p>\n

What will the price be an hour after launch? 👀<\/p>\n

Best prediction gets 99 DRIFT 👇<\/p>\n

— Drift Protocol (@DriftProtocol) July 16, 2024<\/a><\/p><\/blockquote>\n