Ethena Pumps 57% Following Binance Listing – Could These New Coins List Next?

The newly launched Ethena token (ENA) has viewed a whopping 57% surge after it went are living on Binance on Tuesday.

Ethena is a decentralized finance (DeFi) protocol that offers a yield-incomes stablecoin USDe. The stablecoin’s market cap has additionally exploded no longer too long in the past, currently at $1.89 billion.

The ENA governance token launched by ability of an airdrop, with 5% of its total provide allocated to USDe holders. At display, Ethena is the #1 trending crypto on CoinMarketCap, holding a $1.3 billion market cap and a $2.7 billion 24-hour trading volume.

Indeed, its early success is impressive, nonetheless trace explosions aren’t novel after Binance listings. So, let’s take a behold at some diversified initiatives that might be listed on the platform next.

Dogecoin20

With meme coins persevering with to dominate crypto headlines, the Dogecoin-impressed Dogecoin20 is emerging as our top pick for the next Binance itemizing.

The project is currently present process a presale and raised a staggering $10 million in its first week, reflecting tremendous community hobby.

Such wobble, intertwined with the market’s aptitude for meme coins, presents huge seemingly for Dogecoin20.

Nonetheless the project’s success is no accident. While encapsulating the shiny essence of Dogecoin, it additionally ushers in modern enhancements, initiating with a Stake-to-Build mechanism. 

Customers can garner a 64% APY by staking their $DOGE20, nonetheless this would perhaps decrease because the staking pool grows.

Dogecoin20 additionally boasts a capped provide of 140 billion tokens, staving off inflation and the next trace dilution produce that Dogecoin suffers attributable to its limitless provide.

The project will launch on exchanges on Doge Day (4/20), leaving seemingly merchants trusty 17 days to aquire $DOGE20 at its mounted presale trace.

Slothana

Doubtlessly the most modern twist in the sharp meme coin saga is Solana-basically basically based mostly presale meme coins. E-book of Meme kicked off this frenzy, raising $2 million after which soaring to a $1 billion market cap after its alternate launch.

The project became listed on Binance within two days of launching, in conjunction with to its unprecedented momentum.

Nonetheless looking out to prepare in its tracks, Slothana has raised $6.9 million in its first week of presale, with merchants ready for its IEO. 

The project follows the same single-tiered pricing format because the BOME presale, and its early success signifies the same orderly money merchants shall be on board.

These similarities relate a Binance itemizing is on the horizon. Silent, hypothesis is additionally brewing that the 100x Smog team is gradual the token after it commented on Slothana’s first X put up when it had lower than 50 followers.

Yet, and not utilizing a predetermined presale traumatic cap, these looking out to aquire Slothana must tranquil act snappy.

fifth Scape

Unlocking a brand contemporary paradigm of gaming innovation, fifth Scape forges immersive VR experiences powered by its proprietary headsets and chairs.

fifth Scape’s first initiative is a mixed martial arts-themed sport known as “Cage Conquest.” It additionally has plans for soccer, racing, and archery games in the pipeline.

The project is present process a presale and has raised $3.6 million so far. Its contemporary trace is $0.00248, nonetheless this would perhaps incrementally upward thrust one day of the selling campaign, with the next uptick coming when it hits $3.75 million.

Its decreasing-edge expend case and the embodiment of two high-seemingly industries relate that tier-one exchanges like Binance shall be fervent. 

Nonetheless in conjunction with to the joy, fifth Scape boasts a doxxed team and a highly skilled founder with over a decade of skills in the gaming sector. Binance’s itemizing standards considers the “quality of a team.” 

This ability that truth, this presents a bullish outlook for investors looking out to aquire fifth Scape.

Bitcoin Minetrix

Bitcoin Minetrix is basically the most up so far Bitcoin-related project but to be listed on Binance. It’s far currently in its presale stage and has raised over $12.8 million so far.

The project takes a novel manner to cloud mining, providing a extra trusty and accessible manner for anybody to originate. It works by users staking $BTCMTX tokens on its Ethereum-basically basically based mostly platform. They win mining credit ranking in return, which they are able to burn for a portion of the cloud mining pool rewards.

One in every of Binance’s basic itemizing standards specializes in the expansion seemingly. Concerned by Bitcoin Minetrix’s modern expend case and enormous early success, it apparently boasts tall room for growth, making it a probable itemizing candidate.

One other component swinging in its favour is a spectacular hobby from leading media retail outlets. 

In spite of the Bitcoin Minetrix presale tranquil ongoing, it has already secured its parts in Bitcoin Magazine, CryptoPotato, Cointelegraph, BeInCrypto, and diverse others.

Bittensor

Bittensor is predominantly considered the leading cryptocurrency AI project. Nonetheless, it’s miles no longer readily in the market on Binance or Coinbase, resulting in appreciable hypothesis that heavyweight alternate listings are drawing shut.

“​​It’s trusty a topic of time sooner than Binance realizes how grand it’s dropping out on essentially the most attention-grabbing and simplest AI project in crypto,” one commenter mentioned on Reddit.

At display, Bittesnor is trading on exchanges like KuCoin, Gate.io, and MEXC. Its trace is $567, with a $3.7 billion market cap. It’s far up 3.2% as we speak time, 0.8% this week, and 844% this year. Nonetheless, it’s miles down 11% this month.

Bittensor is a layer 1 blockchain that goals to take the “digital commodity incentive mechanisms” cast by Bitcoin and prepare them to originate “price-constructing markets.”

Essentially, Bittensor goals to rework Bitcoin, pushing previous financial transactions and introducing the Proof-of-Work notion to a various array of real-world AI functions.