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Cryptocurrency research and development platform CryptoRank has announced the next candidates for the Launchpool projects that Binance has recently increased its frequency.
In the company’s opinion, LayerZero, Monad and Xterio are among the most important altcoins that can be launched through Binance Launchpool and put tokens on the market.
LayerZero is known as an interoperability protocol, Monad is a layer 1 chain, and Xterio is a GameFi-themed token.
Renzo (REZ), the latest project of Binance Launchpool, disappointed with its performance despite the popularity of the restaking theme, with its current market value of $ 191 million. The low supply allocated to the token’s community and the early unlocking of the tokens distributed in Binance Launchpool from community tokens played a role in this.
CryptoRank included 6 altcoins in the second important group among the tokens that can be candidates for Binance’s new Launchpool. These include MilkyWay, Puffer Finance, Initia, Babylon, StakeStone and Tabi.
MilkyWay, Puffer Finance and StakeStone; Altcoins with a restaking theme, similar to REZ. However, Initia is a layer 1 blockchain, Babylon Bitcoin DeFi and Tabi stand out as NFT-themed projects.
The third important group shared by the company in its analysis includes Tea, KiloEx and ZkPass projects.
Tea, developer tools; KiloEx is known as a perpetual futures decentralized exchange (DEX) and zkPass is a digital identity themed altcoin.
However, among the forecast projects in question, Monad and LayerZero received the most investment with $244 million and $120 million, respectively.
*This is not investment advice.
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