Michael Abetz
Historical data from crypto analysis platforms shows that listing tokens on exchanges often generates interest and value in digital assets.
A study from eToro and The TIE found that cryptocurrencies listed with prior announcements rose 43% on average between the announcement and the actual listing. This was followed by another 7.5% price jumps on the day of the listing.
In short, listing tokens on popular exchanges often results in a significant positive impact on their prices. And it is because these exchanges provide the coins with industry-wide approval and give access to a much larger investor base.
A listing on a major international exchange almost always guarantees a price increase for the listed token. For this reason, any savvy investor worth his salt ought to keep an eye out for new coin listings to take advantage of the expected price upshoot in the first few days of their existence.
Upcoming Token Listings to Keep an Eye On
To help investors keep their ears to the ground, we’ll look at four upcoming listings they should take note of.
Serenity (SET)
First up is Serenity, which aims to leverage blockchain technology to lower users’ energy bills, reduce carbon emissions and create an ecology-friendly ecosystem. They plan to accomplish that through collaboration with national electricity producers, which will aid in the transition to blockchain and renewable energy sources.
The platform’s SET token is an essential component that will allow users to access Serenity’s services. Given the significant rise in global energy prices and the growing popularity of renewables, Serenity is likely to be in high demand. This makes the project one to keep an eye on in the coming months.
The SET token is currently listed on DEXs like Uniswap, Pancakeswap, and 1inch, and also it has an upcoming listing on Binance later this year.
Choise.com (CHO)
Choise.com is a MetaFi platform and a trusted entry point for anyone interested in the crypto ecosystem as a source of additional income. And it is mainly due to its proprietary Charism platform, a collection of DeFi products that includes non-custodial wallets, cross-chain bridges, NFTs, transaction builders, and various crypto solutions that combine all the advantages of CeFi services and DeFi products.
Users can access the benefits of Choise.com’s DeFi products through its native CHO token. The coin’s tokenomics comes as a product of industry-leading practices presented using a deflationary model, with the overall number of coins capped at 1 billion, subject to burning over time.
The deflationary model is designed to reward CHO holders with various benefits, including a dynamic APY, discounted fees, and other bonuses that will be decided upon by the Choise.com DAO.
The CHO token was recently listed on Uniswap, LBank, MEXC, and Raydium, and, according to a recent announcement, will be listed on Gate.io on August 31.
Lucky Block (LBLOCK)
Lucky Block is a decentralized NFT competition platform. The project has existed for a while, but its features and ecosystem have recently undergone significant adjustments. The initial LBLOCK coin was introduced earlier this year, but it could not reach a broader market due to low usage and the limitations of BEP-20 tokens.
However, the token was still highly popular. Within the first three weeks of its debut, it saw a gain of over 7,000%, making it the fastest blockchain project to attain a market cap of $1 billion.
LBLOCK is well-known and could take off again once “LBLOCK v2” is released.
Tamadoge (TAMA)
Tamadoge is a play-to-earn (P2E) platform where users can create doge NFT pets and raise them to maturity. The game combines the craze for web 3.0 with cryptocurrency memes. But unlike many other meme currencies on the market, Tamadoge incorporates a P2E mechanism to increase usability.
Players can earn prizes in the form of TAMA tokens. Those who use their doges successfully in battle receive rewards and have the opportunity to advance on monthly leaderboards.
The TAMA token, which is deflationary and has a maximum supply of 2 billion coins, is available on presale now. According to the Tamadoge team, LBank will be the first centralized exchange (CEX) to list the coin.
Conclusion
The positive effect of a coin listed on a popular exchange is significant because it exposes the crypto to an audience that may otherwise not know the project.
Moreover, besides being listed on major exchanges, crypto listed on one of the top regional exchanges can also have a profound effect on its price. For instance, Local investors who do business in that region can invest and withdraw profits in their native currency.
If you don’t want to be left out of the party, the cryptos mentioned above are the most profitable listings coming to major exchanges in 2022. But then, while you are on your guard to make timely investment decisions, don’t forget to dyor on the asset you want to invest in.
This article was written for Business 2 Community by Michael Abetz.
Learn how to publish your content on B2C
Join our Telegram channel to stay up to date on breaking news coverage
Add B2C to your Google News Feed
Discuss This Article
Add a New Comment /Reply
Thanks for adding to the conversation!
Our comments are moderated. Your comment may not appear immediately.