Bitget Innovation Zone: Latest Promising Coins Available for Early Investing
Discover top cryptocurrencies on the innovation zone on one of the world's biggest crypto trading and derivatives platform - Bitget.
2023 has seen a steep rise in the number of innovative projects launching in the DeFi sector. While some of these projects have been a complete success, a few of them have turned out to be rug pulls and others have failed. Those that failed or pulled the rag did so with millions of investor funds. As such, the prospect of investing in early projects is as risky as it is profitable, and traders must pay attention to the quality of a project, its team, and what it means to achieve its long-term prospects/roadmap.
While accompanied by elevated risk, the potential for substantial rewards remains inherent, allowing early investors the opportunity to realize returns of hundreds or even thousands of times their initial investment. Investing in promising tokens early on can seem nearly impossible, yet crypto exchange Bitget has made it achievable with its unique marketplace known as Bitget Innovation Zone. This platform promptly lists the newest DeFi tokens upon availability, meticulously filtering and exclusively accepting top-tier projects. To provide traders an added layer of security, the exchange enforces a 60-day evaluation period for all newly listed pairs within this zone.
This article reviews a few of the latest projects one can invest in on the Bitget Exchange. In the dynamic landscape of early-stage investments, GROK, Neutron, and MEMEETF stand out as our top picks, all available for exploration within the Bitget Innovation Zone.
NTRN
Neutron (NTRN) is the native cryptocurrency of the Neutron protocol, a layer 2 chain that runs on the Cosmos blockchain. As such, the Neutron protocol benefits from the security of one of the major blockchains. The Neutron blockchain supports Interchain DEFI, a network of more than 50 blockchains running on the IBC engine. Developers who want to deploy decentralized applications can do so on the Neutron public smart contracts platform.
The Neutron platform is striving to become the first L2 chain where developers can design, build, and deploy scalable cross-chain DApps.
In the unfolding market dynamics, the NTRN/USDT pair is poised at a critical juncture, nearing the pivotal support level of $0.4902. The momentum suggests that a sustained upward push by buyers could lead to a potential shift of the $0.5344 price into a minor support level. If successful, testing the upper target at $0.5834 becomes plausible, representing the coin’s all-time high since listing on Bitget. Conversely, a weak bearish scenario is plausible, considering buyers have found robust support at $0.4500. The likelihood of retesting the lower target, Bitget’s listing price, remains low at this point.
MEMECOIN
Memecoin (MEME), as the name suggests, is a meme coin that runs on the ERC-20 standard with a fixed total supply of 6,9 billion.
According to CoinMarketCap, MEME is traded on several exchanges, including the world’s leading crypto derivatives trading platform Bitget. As of now, MEME/USDT is trading at $0.0263 and has a market capitalization of $231,306,886.
The market cap of Memecoin reached a record $351 million but dipped afterward. Despite that, as the bull run is expected to kick off soon, there’s optimism around the potential of the MEME token.
The price action for MEME/USDT has been attempting to breach a strong resistance at $0.03 so that the bulls can recover their all-time high at $0.04075. At press time, MEME seems to be on a downtrend towards the $0.025 support, if buyers manage to consolidate more momentum at this level; there is a likelihood of retracing upwards to break $0.03. If the sellers win, the price could easily crash below $0.025 and continue to the psychological support at $0.020.
PLEXUS
PLEXUS (PLX) operates as a cross-chain DEX aggregator, providing swift, cost-effective, and secure multi-step swaps that span multiple blockchain networks and bridges within a single transaction.
At the heart of the platform lies the Cross-Chain Routing Protocol (CCRP), an advanced algorithmic protocol running on the Theta blockchain. PLEXUS is designed to facilitate smooth asset exchange across diverse blockchains, ensuring a unified and user-friendly experience for all participants.
Source: CoinMarketCap
The 24-hour trading volume has experienced a significant surge of 160.31%, indicating heightened market activity within the past day. The total supply of PLX stands at 500,000,000 tokens, contributing to its overall market dynamics. The fully diluted market cap, calculated at $15,957,545, suggests the potential valuation of the asset if all tokens were in circulation.
Currently priced at $0.03192, PLX appears to have a modest individual unit value. Looking at the seven-day performance, the asset has seen a 23.36% change, providing insights into its short-term price trend. Investors and analysts may find these metrics valuable in assessing the recent performance and potential future movements of PLEXUS in the dynamic cryptocurrency market.
Bitget.COM has recently added the aforementioned trio of coins to its innovation zone, offering an opportunity for individuals keen on exploring a curated assortment of cutting-edge DEFI projects.
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