The newly launched Ethena token (ENA) has seen a whopping 57% surge after it went live on Binance on Tuesday.
Ethena is a decentralized finance (DeFi) protocol that offers a yield-earning stablecoin USDe. The stablecoin’s market cap has also exploded recently, currently at $1.89 billion.
The ENA governance token launched via an airdrop, with 5% of its total supply allocated to USDe holders. Currently, Ethena is the number one 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, but price explosions are commonplace after Binance listings. So, let’s take a look at some other projects that could be listed on the platform next.
Dogecoin20
With meme coins continuing to dominate crypto headlines, the Dogecoin-inspired Dogecoin20 is emerging as our top pick for the next Binance listing.
The project is currently undergoing a presale and raised a staggering $10 million in its first week, reflecting tremendous community interest.
Such velocity, intertwined with the market’s aptitude for meme coins, presents massive potential for Dogecoin20.
But the project’s success is no accident. While encapsulating the vibrant essence of Dogecoin, it also ushers in revolutionary innovations, starting with a Stake-to-Earn mechanism.
Users can garner a 64% APY by staking their $DOGE20, but this will decrease as the staking pool grows.
Dogecoin20 also boasts a capped supply of 140 billion tokens, staving off inflation and the subsequent price dilution effect that Dogecoin suffers due to its unlimited supply.
The project will launch on exchanges on Doge Day (4/20), leaving potential buyers just 17 days to buy $DOGE20 at its fixed presale price.
Slothana
The latest twist in the enthralling meme coin saga is Solana-based presale meme coins. Book of Meme kicked off this frenzy, raising $2 million and then soaring to a $1 billion market cap after its exchange launch.
The project was listed on Binance within two days of launching, adding to its unprecedented momentum.
But looking to follow in its tracks, Slothana has raised $6.9 million in its first week of presale, with traders looking ahead to its IEO.
The project follows the same single-tiered pricing format as the BOME presale, and its early success indicates the same smart money buyers may be on board.
These similarities indicate a Binance listing is on the horizon. Still, speculation is also brewing that the 100x Smog team is behind the token after it commented on Slothana’s first X post when it had less than 50 followers.
Yet, with no predetermined presale hard cap, those looking to buy Slothana should act fast.
5th Scape
Unlocking a new paradigm of gaming innovation, 5th Scape forges immersive VR experiences powered by its proprietary headsets and chairs.
5th Scape’s first initiative is a mixed martial arts-themed game called “Cage Conquest.” It also has plans for soccer, racing, and archery games in the pipeline.
The project is undergoing a presale and has raised $3.6 million so far. Its current price is $0.00248, but this will incrementally rise throughout the campaign, with the next uptick coming when it hits $3.75 million.
Its cutting-edge use case and the embodiment of two high-potential industries indicate that tier-one exchanges like Binance could be interested.
But adding to the excitement, 5th Scape boasts a doxxed team and a highly experienced founder with over a decade of experience in the gaming sector. Binance’s listing criteria considers the “quality of a team.”
Therefore, this presents a bullish outlook for investors looking to buy 5th Scape.
Bitcoin Minetrix
Bitcoin Minetrix is the hottest Bitcoin-related project yet to be listed on Binance. It is currently in its presale stage and has raised over $12.8 million so far.
The project takes a novel approach to cloud mining, providing a more secure and accessible way for anyone to get started. It works by users staking $BTCMTX tokens on its Ethereum-based platform. They receive mining credits in return, which they can burn for a share of the cloud mining pool rewards.
One of Binance’s primary listing criteria focuses on the growth potential. Considering Bitcoin Minetrix’s revolutionary use case and monumental early success, it seemingly boasts immense room for growth, making it a likely listing candidate.
Another factor swinging in its favour is a spectacular interest from leading media outlets.
Despite the Bitcoin Minetrix presale still ongoing, it has already secured its features in Bitcoin Magazine, CryptoPotato, EdaFace, BeInCrypto, and many others.
Bittensor
Bittensor is predominantly regarded as the leading cryptocurrency AI project. However, it is not available on Binance or Coinbase, leading to considerable speculation that heavyweight exchange listings are imminent.
“It’s just a matter of time before Binance realizes how much it’s losing out on the best and only AI project in crypto,” one commenter said on Reddit.
Currently, Bittesnor is trading on exchanges like KuCoin, Gate.io, and MEXC. Its price is $567, with a $3.7 billion market cap. It is up 3.2% today, 0.8% this week, and 844% this year. However, it is down 11% this month.
Bittensor is a layer 1 blockchain that aims to take the “digital commodity incentive mechanisms” forged by Bitcoin and apply them to build “value-creating markets.”
Essentially, Bittensor aims to remodel Bitcoin, pushing beyond financial transactions and introducing the Proof-of-Work concept to a diverse array of real-world AI applications.
