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9 Best Crypto to Buy Now: Experts Suggest These Projects For 30X Profits
The market is preparing for the biggest bull run of the year, and every investor has only one question in mind – what are the best cryptos to buy now?
However, in this crowded market, that is much easier said than done.
This is why we’re doing a deep dive into the cryptocurrency industry and have turned the market inside out to find out the few hidden gems.
We looked into the project’s teams, token allocation, unique use cases, and most importantly, community sentiment.
After careful consideration, the best cheap crypto’s to buy right now are Dogeverse ($DOGEVERSE), Sealana ($SEAL), WienerAI ($WAI), Mega Dice ($DICE), 99Bitcoins ($99BTC), 5thScape ($5SCAPE), Sponge V2 ($SPONGEV2), Smog ($SMOG), and eTukTuk ($TUK).
Let’s check out the details and see why our experts highlighted these projects…
9 Best Crypto to Buy Now – Quick Overview
Before we take a closer look at these best cryptos to buy, let’s go over their basics:
- Dogeverse ($DOGEVERSE) – Overall the Best Crypto to Buy Now
- Sealana ($SEAL) – New SOL-Based Meme Coin Surpasses $1 Million In Presale Funding
- Wiener AI ($WAI) – Dog-Themed Meme Coin with Insane Staking APY & Trading Assistant
- Mega Dice ($DICE) – New Crypto Casino Launches Its Native Token Presale
- 99 Bitcoins ($99BTC) – Respected Crypto Media Outlet Releases a Learn-to-Earn Platform
- 5th Scape ($5SCAPE) – VR/AR Crypto Platform
- Sponge V2 ($SPONGEV2) – Next-Gen of Last Year’s $100M MCAP Runner
- Smog Token ($SMOG) – The Rising Star of the Solana Network
- eTukTuk ($TUK) – Empowering Green Transportation in Developing Countries
9 Best Crypto to Buy Now – Detailed Analysis
With the basics out of the way, let’s inspect these 30x potential cryptos in more detail.
Dogeverse ($DOGEVERSE) – Overall the Best Crypto to Buy Now
Overall, Dogeverse is the best cheap crypto to buy right now.
As the world’s first multichain meme coin, Dogeverse is deployed across several major blockchains including Ethereum, BNB Chain, Polygon, Base, Avalanche, and Solana.
This broad interoperability allows users to operate seamlessly across various ecosystems, enhancing the coin’s usability and appeal.
The theme of Dogeverse centres around Cosmo the Doge, which adds a fun and engaging narrative to the project.
Its presale has been incredibly successful, raising over $250,000 within minutes, surpassing $4 million in a week, and now standing at over $15 million.
This impressive early performance highlights strong investor interest and confidence in the project’s potential.
One of the key factors that make Dogeverse a standout cryptocurrency is its strategic tokenomics and ambitious future roadmap.
The token is designed to encourage holding through incentives and staking rewards, which promise a sustainable model that can enhance its value over time.
For the latest updates, you can follow Dogeverse on X and join its Telegram channel.
If you want to maximise your returns, it’s best to get in now, as the presale is expected to close very soon, and $DOGEVERSE is most likely to skyrocket in value after that.
>>>GRAB A SLICE OF THE MULTICHAIN MEME COIN WONDER $DOGEVERSE AT PRESALE PRICE!<<<
Sealana ($SEAL) – New SOL-Based Meme Coin Surpasses $1 Million In Presale Funding
The next best crypto to hold now is also a meme coin – Sealana.
Sealana is a plump seal who’s plunged into the depths of the Solana Sea. Anchored to his PC, he has traded his once svelte physique for a trader’s diet of chips and canned tuna.
Inspired by South Park’s World of Warcraft guy, Sealana is constantly on the hunt for the next big Solana meme coin, keeping his flippers in a frenzy.
Sealana’s presale offers a unique ‘Send to Wallet’ style, drawing attention from the crypto community.
Rumoured to be created by the same team behind the viral SLERF token, which saw massive gains in March 2024, Sealana is poised for significant interest.
Investors can acquire $SEAL through the website widget or by sending SOL directly to the presale wallet. Once the presale concludes, participants will receive token airdrops.
Currently, 1 SOL will get you 6,900 $SEAL, but the price will increase as the presale progresses, so it’s best to get in early.
For those choosing to pay by sending tokens directly to Sealana’s wallet, it’s important to use a DEX wallet, as tokens from centralized exchanges (CEXs) will not qualify for the airdrop.
Sealana combines humour with strategic tokenomics, making it an attractive option for early investors.
As the presale gains momentum, Sealana’s playful narrative and unique approach position it as a promising addition to any crypto portfolio.
For more details, visit the Sealana website and stay updated by joining their community on social media.
>>>JOIN THE NEXT BIG SOL MEME COIN MOVEMENT WITH SEALANA<<<
Wiener AI ($WAI) – Dog-Themed Meme Coin With Insane Staking APY
Moving on our list, we have another promising meme coin that’s combining AI with funny branding – Wiener AI ($WAI).
This latest dog-themed meme coin aims to capitalise on the popularity of coins like Bonk, Myro, Dogecoin, and Shiba Inu.
You can currently buy Wiener AI in a multi-stage token presale, with each stage offering tokens at a slightly higher price than the previous one.
To get the best deal, it’s best to buy as early as possible. So far, $WAI has raised over $1.8 million in its live presale.
To buy $WAI, simply connect your Ethereum wallet to the WAI Inu presale site and use ETH or USDT for the transaction. After purchasing $WAI tokens, you can stake them immediately to earn staking rewards.
Keep in mind that the annual percentage yield (APY) will decrease as more tokens are staked. Once the presale concludes, your tokens will be distributed.
According to the Wiener AI whitepaper, out of the total 6.9 billion tokens, 20% are allocated for staking rewards. This structure ensures that early adopters are well rewarded.
However, staking is only one aspect that continues to attract investors to WienerAI. The project has also created a revolutionary AI-powered trading bot that uses predictive technology to help traders find all the hidden gems lurking in the crypto market.
As such, it operates as each user’s personal crypto trading partner — one that is not motivated by greed or personal gain, but by facts, math, trends, and the like
Wiener AI’s strategic approach and innovative features, combined with its humorous branding, make it an attractive option for investors looking for the next big thing in the meme coin space.
If you’re interested in joining this growing community, now is the perfect time to get involved.
>>>EARN GENERATIONAL WEALTH WITH WIENER AI’S STAKING<<<
Mega Dice ($DICE) – New Crypto Casino Launches Its Native Token Presale
The next token on our list is the native currency of one of the best online crypto casinos – Mega Dice.
Mega Dice Token ($DICE) is a pioneering platform in the crypto space that aims to offer more transparency, earning potential, and regular rewards by leveraging blockchain technology.
On the Mega Dice casino and sports betting platform, $DICE can be used to access exclusive rewards, promotions, and priority access to casino games.
Additionally, the token can be staked for periods of ten days, three months, or six months to generate high annual yields, offering an attractive earning opportunity for token holders.
Mega Dice Token also incorporates elements of GameFi, allowing users to access limited-edition NFTs on the platform.
Furthermore, the token is running an airdrop campaign for presale investors, where $2.25 million USDT will be distributed, adding to the potential rewards for early adopters.
To incentivize user acquisition, Mega Dice Token offers a referral program where token holders can earn a 25% revenue share from any new referrals they bring to the platform.
With its innovative features, attractive earning opportunities, and seamless integration into the Mega Dice casino ecosystem, Mega Dice Token is shaping up to be one of the most promising new presales in 2024.
>>>GET EXCLUSIVE ACCESS TO THE BEST SPORTS BETTING PLATFORM WITH MEGA DICE<<<
99 Bitcoins ($99BTC) – Respected Crypto Media Outlet Releases a Learn-to-Earn Platform
99Bitcoins, a trusted crypto-learning platform with over 700,000 users, has launched its presale token, $99BTC.
Transforming into a learn-to-earn platform, 99Bitcoins now offers staking rewards, community benefits, and access to expert trading signals.
Holders of $99BTC gain access to VIP groups, providing opportunities to connect with like-minded individuals and expand their crypto knowledge.
One of the main advantages of holding $99BTC is the comprehensive curriculum of both basic and advanced crypto-learning modules.
As members progress through these modules, complete assessments, and participate in quizzes, they earn crypto tokens as rewards. This model makes the learning process engaging and profitable.
Additionally, $99BTC holders receive expert trading signals, helping them stay ahead in the fast-moving crypto market. The token also offers staking rewards, allowing holders to earn passive income by locking up their tokens for specified periods.
99Bitcoins aims to make crypto education accessible and enjoyable. By integrating a learn-to-earn approach, it incentivizes users to expand their knowledge while earning rewards.
Join the 99Bitcoins community to stay updated on the latest developments and be part of this revolutionary platform that combines education with earning potential.
>>>LEARN ABOUT CRYPTO AND GET REWARDED FOR DOING IT WITH 99BITCOINS<<<
5th Scape ($5SCAPE) – VR/AR Crypto Platform
5th Scape is revolutionising the virtual reality (VR) gaming landscape with its innovative Ethereum-based platform, offering an immersive metaverse experience like no other.
This cutting-edge platform leverages ultra-realistic 3D graphics, precision motion tracking, and full-body immersion to redefine the way we engage with virtual entertainment.
5th Scape caters to diverse gaming interests with its extensive lineup of games. Adrenaline junkies can indulge in the intense MMA battles of Cage Conquest, while strategic gamers can immerse themselves in the medieval combat of Epic Arena, showcasing the platform’s versatility.
Extending beyond gaming, 5th Scape serves as a hub for VR technology, providing premium VR headsets and ergonomic gaming chairs to enhance the overall user experience.
The 5SCAPE token plays a crucial role in facilitating transactions within the ecosystem, enabling users to purchase games, access content, and acquire hardware.
This ICO presents a strategic opportunity for investors to tap into the burgeoning VR market, as token prices are expected to rise as the presale progresses.
For those eager to experience the future of VR gaming and technology, 5th Scape offers a compelling opportunity to be part of a cutting-edge platform that seamlessly blends entertainment, education, and innovation.
>>>GAIN PREMIUM ACCESS TO LATEST VR/AR GAMING TITLES BY HOLDING $5SCAPE TOKEN<<<
Sponge V2 ($SPONGEV2) – Next-Gen of Last Year’s $100M MCAP Runner
SpongeV2 is the latest version of the $SPONGE meme token, which initially made waves in 2023 by skyrocketing its market cap to over $100 million.
Building on this momentum, SpongeV2 aims to further captivate the crypto community by increasing the total supply to 150 billion tokens and introducing a new play-to-earn racing game where players can earn $SPONGE tokens.
The development team behind SpongeV2 has set ambitious goals, including potential listings on major exchanges like Binance and OKX.
Achieving these listings could significantly enhance the token’s visibility and value, much like other meme coins that have seen price surges post-listing.
Currently, acquiring SpongeV2 requires investors to stake and permanently lock their V1 tokens.
The introduction of the play-to-earn racing game adds an exciting new dimension to the $SPONGE ecosystem, offering an engaging way for players to earn tokens while enjoying the game.
Moreover, the increased total supply of 150 billion tokens ensures that there is ample opportunity for new and existing investors to get involved.
The team’s focus on securing high-profile exchange listings is a strategic move aimed at driving further growth and adoption.
Stay updated on the latest developments by following the SpongeV2 community on social media and participating in the ongoing discussions.
>>>MISSED INITIAL 100X RUN? SPONGE V2 GIVES YOU A SECOND CHANCE WITH IMPROVED CAPABILITIES<<<
Smog Token ($SMOG) – The Rising Star of the Solana Network
A popular trending token right now is Smog ($SMOG), a new meme coin built on the Solana blockchain.
Unlike many other tokens, Smog opted for a fair launch in February 2024, skipping the presale stage entirely and listing directly on the Jupiter decentralised exchange.
This approach has paid off, as Jupiter has recently been experiencing higher trading volumes than even Uniswap.
Smog can be purchased with ETH or USDT through the Smog website, offering flexibility for investors. Currently, staking is live, with investors earning an attractive 42% APY by staking their $SMOG tokens.
In the first 24 hours post-launch, $SMOG’s price soared by more than 1,300%, and it has since climbed to over 5,200% from its initial price.
This impressive growth has seen the token’s market cap rise from $2 million at launch to over $239 million today.
Holders of $SMOG tokens can earn additional rewards through airdrops and community bounties.
Simply holding $SMOG allows investors to generate airdrop points, and future plans include introducing new quests and challenges to earn even more points. While the specific airdrop date has not been announced, it is confirmed that 490 million tokens (35% of the total 1.4 billion supply) will be distributed as airdrop rewards.
Additionally, another 700 million tokens are allocated for marketing purposes to further promote the project.
Smog’s unique approach and rapid growth make it an intriguing option for investors looking to capitalize on the meme coin trend.
>>>RIDE THE BEST SOLANA DRAGON WITH SMOG<<<
eTukTuk ($TUK) – Empowering Green Transportation in Developing Countries
eTukTuk (TUK) is revolutionizing the transportation sector in developing nations by creating a network of charging stations for electric vehicles (EVs).
This eco-friendly project aims to help TukTuk drivers transition from combustion engines to EVs by providing incentives and rewards. Currently, eTukTuk offers an impressive 84% APY during its presale.
Built on the Binance Smart Chain, eTukTuk uses a proof-of-stake mechanism, enabling $TUK token holders to earn passive income through staking.
The platform plans to set up electric vehicle supply equipment (EVSEs) in urban and rural areas across various developing economies, making EV charging more accessible.
The EVSEs will be compatible with zero-emission vehicles (ZEVs) and other EV devices. These stations will be installed and operated locally, with territory partners helping manage the setup.
By employing local partners, eTukTuk aims to significantly reduce operational costs, helping TukTuk drivers save up to 400% in wages.
eTukTuk is also developing a driver app, allowing TukTuk drivers to charge their EVs conveniently at these stations.
Additionally, staked token holders will earn passive income from the total funds generated by the charging stations.
So far, the project has raised over $3.3 million during its presale.
eTukTuk’s initiative not only supports the adoption of eco-friendly transportation but also offers financial benefits to its participants.
By leveraging local resources and offering substantial rewards, eTukTuk is set to make a significant impact in the EV market within developing economies.
Stay updated on the project’s progress and join the eTukTuk community to participate in this transformative initiative.
Conclusion
After a bearish period following the halving, the market is finally beginning to show signs of recovery.
Historically, post-halving phases have seen about a month of bearish sentiment before massive bull runs commence.
During these periods, many coins often see 2-3X growth.
However, finding the 20X or larger gems requires more in-depth research and the projects we’ve highlighted today have the potential to skyrocket by the end of this bull run.
All you need to do is select one or a few that align well with your portfolio. Happy investing!
FAQ
What is the best crypto to buy right now?
– The best crypto to buy right now includes Dogeverse, Sealana, Wiener AI, Mega Dice, and 99Bitcoins, among others.
Can these cryptocurrencies 30x my investment?
– While no investment is guaranteed, our experts have identified these projects as having high potential for 30X gains, or higher.
What methods did you use to identify these high-potential crypto projects?
– Our experts conducted thorough research, analysing project teams, tokenomics, unique use cases, and community sentiment to identify the best cryptos to buy now.
As the cryptocurrency market continues to expand, investors are constantly looking for new opportunities to maximize their returns. Pepe (PEPE), a meme coin inspired by the iconic Internet character Pepe the Frog, has been a staple in the meme coin arena. However, recent developments have shifted some investors’ attention to a promising new competitor: MPEPE (MPEPE). Currently trading at $0.0007, Mpeppe is attracting significant interest from those looking to diversify and capitalize on the next big thing.
Pepe’s appeal (PEPE)
Pepecoin (PEPE) has carved out a significant niche for itself in the cryptocurrency market, largely due to its vibrant community and roots in internet meme culture. Drawing inspiration from the popular meme character Pepe the Frog, Pepe (PEPE) has captured the attention of cryptocurrency enthusiasts and meme enthusiasts alike. This fusion of humor and community spirit has been instrumental in its rise within the cryptocurrency space.
The continued success of Pepecoin (PEPE) can be attributed to its active and dedicated community. Holders of the coin are known for their enthusiastic promotion on social media platforms, which helps maintain its visibility and popularity. This strong community support has been instrumental in sustaining Pepe (PEPE)’s momentum and driving its market performance. Recent whale activity, such as a massive transfer of 9 trillion PEPE tokens valued at $82 million to Bybit, further highlights the coin’s potential for significant price movements driven by large-scale transactions.
Mpeppe (MPEPE): the rising star
Mpeppe (MPEPE) differentiates itself by merging the realms of sports and cryptocurrency. Drawing inspiration from soccer sensation Kylian Mbappé and leveraging the legacy of the Pepe (PEPE) meme coin, Mpeppe offers a unique appeal that resonates with both sports fans and cryptocurrency investors. This innovative fusion is attracting a diverse and engaged audience, fostering a vibrant community around the token.
A large ecosystem
Differentiating itself from typical meme coins, Mpeppe (MPEPE) features a robust ecosystem that includes gaming and sports betting platforms, NFT collectibles, and social interaction features. These utilities provide real value to users, creating multiple channels for engagement and investment. This comprehensive approach positions Mpeppe as more than just a meme coin, offering a richer and more engaging experience for its users.
Investment Potential of Mpeppe (MPEPE)
Strategic Tokenomics
Mpeppe (MPEPE) has been strategically priced at $0.0007, making it accessible to a wide range of investors. Tokenomics is designed to support long-term growth, with allocations for presales, liquidity, and sports activities. This strategic distribution ensures stability and promotes community engagement, positioning Mpeppe for substantial growth.
Analysts’ optimism
Market analysts are optimistic about the potential of Mpeppe (MPEPE). The coin’s innovative approach, strong community, and strategic partnerships are expected to drive significant price increases. Early investors stand to benefit from substantial returns as Mpeppe gains traction in the market. Analysts note that Mpeppe’s combination of utility and community engagement positions it well for future growth, especially as the cryptocurrency market continues to evolve.
The impact of similar competing businesses
Driving Innovation
Competition between similar assets such as Pepe (PEPE) and Mpeppe (MPEPE) is a catalyst for innovation. Each project strives to outdo the other, resulting in continuous improvements and new features. This dynamic competition benefits investors, offering them better and more advanced products.
Market diversification
Having multiple competing assets in the market promotes diversification. Investors have more options to choose from, which can help spread risk and potentially increase returns. The presence of strong contenders like Pepe (PEPE) and Mpeppe (MPEPE) ensures a vibrant and resilient crypto ecosystem.
Increased market interest
Competition between similar assets also generates increased market interest. As projects compete for attention, they attract more investors and media coverage, leading to increased visibility and adoption. This increased interest can drive further investment and growth in the sector.
The Future of Mpeppe (MPEPE)
Strategic development
Mpeppe (MPEPE) has a clear and ambitious roadmap for the future. Development plans include expanding its gaming and sports betting platforms, launching new NFT collections, and forming strategic partnerships. These initiatives are designed to improve user experience and drive market growth.
Community Growth
The success of Mpeppe (MPEPE) will largely depend on its ability to build and sustain a strong community. By focusing on engagement and providing valuable utility, Mpeppe aims to foster a loyal and active user base. This community-driven approach is expected to play a significant role in its long-term success.
Conclusion: A New Horizon for Meme Coin Investors
In conclusion, while Pepe (PEPE) has established itself as a significant player in the meme coin market, Mpeppe (MPEPE) offers a fresh and innovative approach that is capturing the interest of investors. With its strategic pricing, comprehensive ecosystem, and potential for high returns, Mpeppe (MPEPE) represents an exciting opportunity for those looking to diversify their cryptocurrency portfolios. As always, investors should stay informed and consider multiple factors before making investment decisions. Embrace the potential of Mpeppe (MPEPE) and join the journey to new rewards in the cryptocurrency world.
For more information on the pre-sale of Mpeppe (MPEPE):
Visit Mpeppe (MPEPE)
Join and become a member of the community:
Italian: https://t.me/mpeppecoin
Italian: https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
- The Golem project has moved over $124 million in ETH for staking.
- Ethereum staking frenzy has increased ahead of the launch of spot ETH ETFs in the US.
Ethereal [ETH]The Project Golem-based distributed computing marketplace has joined the ETH staking frenzy.
On July 11, contrary to its recent sell-off, the company reportedly staked 40K ETH worth over $124.6 million, according to Lookonchain data.
Golem Network has confirmed its Ethereum staking initiative and said its purpose was to “create space” to help participants contribute to the network.
“The Golem Ecosystem Fund is officially launched today! We have staked 40,000 ETH from Golem’s treasury. This will create a space where developers, researchers, and entrepreneurs can bring their ideas to life and contribute to the Golem Network and its ecosystem!”
Ethereum Staking Frenzy
The staking frenzy has infected Ethereum, with just days to go until the potential launch of a spot ETH ETF in the United States. Recently, an unmarked address blocked over 6K ETH.
The Golem project’s decision to lock up 40K ETH on July 11th pushed the total ETH locked up to Chain of lights at an all-time high of 47.5 million ETH, worth over $140 billion based on market prices at press time.
Beacon Chain is Ethereum’s system that manages the validation of new blocks.
Source: Etherscan
According to a recent AMBCrypto relationshipIncreased ETH staking ahead of the debut of the ETH spot ETF in the US has underscored bullish sentiment.
More ETH has been moved from exchanges, further strengthening bullish expectations.
Meanwhile, from a short-term perspective, many addresses were losing at the $3.2K and $3.5K levels. Investors could try to take a profit if they break even.
These prices represent key levels to watch in the short term.
Source: IntoTheBlock
Next: Why Bitcoin Must Surpass $61K Soon, According to Analysts
As the cryptocurrency space turns bearish, giants like Chainlink and Fantom are facing setbacks with declining trends for LINK and FTM. Amid these changes, BlockDAG emerges as a prime target due to its promising pre-sales and long-term prospects. This Layer-1 project boasts an innovative Low Code No Code ecosystem, attracting investors with potential ROIs exceeding 30,000x. The pre-sales momentum has already accumulated over $57.6 million, driven by growing investor enthusiasm.
Impact of Chainlink’s Recent Token Release
Chainlink’s recent move to release 21 million LINK tokens, worth approximately $295 million, from its dormant supply contracts has significant market implications. This release sent 18.25 million LINK to Binance, fueling speculation that the price will drop. LINK is currently trading at $13.64, approaching its critical support at $13.5, with the potential to drop to $10 if this level breaks.
These releases, increasing the circulating supply above 600 million LINK, have previously maintained price stability, but the prevailing bearish conditions could alter this trend. With 391.5 million LINK pending release, market caution persists.
Fantom (FTM) Market Position Dynamics
Fantom experienced a strong buying spree last November, but its valuation has been challenging lately. After peaking near $1.20 in March, subsequent resistance and profit-taking pushed its price lower. FTM recently dipped below the crucial $0.600 mark but found some ground around $0.500. Fantom is currently valued at $0.559 with a market cap of $1.67 billion and daily trading volume of $257.56 million.
The Fantom Foundation’s decision to award over 55,000 FTMs quarterly to major dApps on the Opera network has invigorated user participation. Indicators such as RSI and MACD suggest a possible bounce if it surpasses the $0.600 mark. Failure to break above the 200-day EMA could prolong the bearish outlook.
BlockDAG Pre-Sale Triumph and Innovative Platform
BlockDAG’s pioneering low-code/no-code platform enables the seamless creation of utility tokens, meme tokens, and NFTs, catering to a broad user base. Its intuitive templates allow enthusiasts to quickly launch and customize projects, thereby democratizing blockchain development and accelerating market entry.
The cutting-edge features of this platform have attracted cryptocurrency investors, significantly increasing the interest in the presale. BlockDAG has successfully raised over $57.6 million, witnessing a 1300% escalation in the coin’s value from $0.001 to $0.014 in its 19th batch. This impressive rise underscores the immense return potential of BlockDAG for early backers.
Additionally, BlockDAG’s commitment to expanding its ecosystem extends to supporting the development of decentralized apps. This fosters a wide range of new projects in the blockchain domain, from digital art platforms to tokenized assets, enriching the blockchain ecosystem.
Key observations
While Chainlink and Fantom are currently navigating bearish trends due to token releases and resistance hurdles, BlockDAG’s innovative low-code/no-code framework positions it as an attractive investment option. With a presale raise of over $57.6 million and prices skyrocketing 1300% in recent batches, BlockDAG shows tremendous potential for returns of up to 30,000x. Amidst the market volatility impacting Chainlink Tokens and Fantom, BlockDAG stands out as a promising avenue for cryptocurrency traders.
Sign up for BlockDAG Pre-Sale now:
Website: https://blockdag.network
Pre-sale: https://acquisto.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: Italian: https://discord.gg/Q7BxghMVyu
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the reliability, quality and accuracy of any material in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your own research and invest at your own risk.
The DEX aggregator Anger Trading is about to issue its RAGE token on the new Layer 1 blockchain Hyperliquid. The token sale is scheduled for August 7, with 20 million tokens out of a total supply of 100 million available on Fjord Foundry at a fixed price of $0.30.
Additionally, the “Rage Quit” feature has been introduced, which allows private investors to get their allocation early by accepting a 60% cut.
RAGE will be among the first tokens to be launched on Hyperliquidmarking a significant moment for this new blockchain. Let’s see all the details below.
DEX News Rage Trade: New RAGE Token Arrives on Hyperliquid
As expected, decentralized exchange (DEX) aggregator Rage Trade has announced the issuance of its new token ANGER. The launch is happening through a liquidity generation event and token sale on Fjord Foundry, scheduled for August 7th.
The token will be launched on the newly launched layer 1 blockchain Hyperliquidwhich has rapidly gained popularity due to its decentralized perpetual exchange.
Rage Trade currently aggregates platforms such as GMX, Synthetix, Dydx, Aevo and Hyperliquid, allowing traders to manage their positions across multiple blockchains and earn incentives.
During the event, 20 million RAGE tokens will be sold at a fixed price of $0.30, while another nine million will be used to inject liquidity into Hyperliquid.
Additionally, six million tokens have been reserved for future market making and product development incentives.
The token will have a total supply of 100 million, with 20% earmarked for sale and 30% for community treasury. The latter is subject to a 12-month lock-up period and a 24-month linear release.
The “Rage Quit” feature introduces a deflationary mechanismThis allows private investors and recipients of the air launch to receive their assignment after an initial three-month stalemate, accepting a 60% cut.
Rage Trade has chosen Hyperliquid as the platform for its token after the network became the preferred choice of users of the Anger Aggregatorwith over 1,300 users generating $445 million in volume.
Hyperliquid surpasses dYdX in TVL
Hyperliquid, the exchange decentralized based on Referee, recently introduced a new points program, which has catalyzed significant growth in total value locked (TVL) on the platform.
According to data from DefiLlama, Hyperliquid has reached a TVL of $530 million, surpassing dYdX’s $484 million and reaching a new all-time high.
This figure places Hyperliquid in second place among derivatives platforms, just behind GMX, which maintains a TVL of $542 million.
Rounding out the top five platforms by TVL are Solana-based Jupiter with $415 million and Drift with $365 million. Hyperliquid had a stellar year in 2024, jumping from eighth to second place in just six weeks.
This rapid increase was largely attributed to the new Hyperliquid points program, which launched on May 29.
The points program provides for the distribution of 700,000 points weekly for four months. With an additional 2 million points awarded for activity between May 1 and May 28.
Despite community criticism over the decision to extend the incentive program and delay the token launch and airdrop, the platform has continued to attract numerous traders.
From Perpetual DEX to Layer 1
Steven, founding member of Capital Yuntwhich has backed some of the largest cryptocurrency firms, including Zerion, noted that Hyperliquid has distributed approximately 51 million points in four periods.
He further stressed that the project aims to reward its early adopters and move from simply being a perpetual DEX to a true Layer 1:
“The team is clearly making an effort to communicate that Hyperliquid is an L1 and not just a DEX for derivatives.”
Furthermore, he highlighted that the token holders PURSUE were significantly rewarded, with a 23% increase in the token’s value.
PURR was the first spot token launched on Hyperliquid and looks set to continue receiving attention and incentives from the platform.
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