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Reading: The Cryptocurrency Market Gains Momentum with New Token Launches
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COINTURK NEWS > Cryptocurrency News > The Cryptocurrency Market Gains Momentum with New Token Launches
Cryptocurrency News

The Cryptocurrency Market Gains Momentum with New Token Launches

In Brief

  • The cryptocurrency market is gaining interest due to rising token launches.

  • New airdrops from various projects are attracting significant investor attention.

  • Market volatility requires careful analysis before making investment decisions.

Fatih Uçar
Fatih Uçar 6 months ago
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The cryptocurrency market is drawing attention once again with a recent bullish trend. Bitcoin $105,245‘s rise is increasing expectations for an altcoin season, while new airdrop events are captivating market participants. Projects like Tomarket, Nebula Stride, and PENGU are mobilizing investors with the distribution of millions of tokens.

Contents
Tomarket and Nebula Stride Excite InvestorsTapSwap and PENGU Build Community Support

Tomarket and Nebula Stride Excite Investors

Tomarket is a platform known for its mini-games on Telegram. With over 50 million users, the project is set to launch its native token, TOMA. The Tomarket team has announced that 60% of the token supply will be allocated to the community. Of the total supply of 1 trillion tokens, 80% will be distributed through a four-phase airdrop plan.

In the first phase of the airdrop, 30% of the tokens will find their owners. The second phase, which will take place two days before the launch, is eagerly awaited by investors. Market experts have positive expectations regarding the price performance of the TOMA token.

TapSwap and PENGU Build Community Support

TapSwap is another noteworthy project set to launch its TAPS token in January. The Telegram-based gaming platform plans to offer staking and governance rights to its active players. The project aims to enhance engagement through in-game events, such as city-building modes, providing opportunities to earn tokens.

The Ethereum $2,430 NFT project Pudgy Penguins stands out with the PENGU token. The total supply of tokens, set to launch on the Solana $145 network, is determined to be 88.88 billion. Of this token, 25.9% will be allocated to the Pudgy Penguins community, while 24.12% will go to new communities. Following the launch, nearly 5 million new users are expected to join the project.

Cryptocurrency airdrop events are generating significant demand among investors. Recent tokens like HYPE, GRASS, and ME have recorded strong price increases after listing. Hyperliquid’s HYPE token rose by 120% in a single day. Similarly, GRASS and Magic Eden (ME) tokens also delivered substantial gains.

The listing of these tokens by exchanges such as Binance and Coinbase has further elevated investor expectations. Upcoming launches from Tomarket, Nebula, and TapSwap are anticipated to create similar impacts. However, experts advise caution in the face of market volatility. Investors are encouraged to analyze market conditions thoroughly while seizing these opportunities.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 16 December, 2024 - 4:44 pm 16 December, 2024 - 4:44 pm
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