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As the cryptocurrency industry navigates the expanded bear market, new digital assets continue to be launched, hoping to follow the success of established assets like Bitcoin (BTC). Interestingly, the introduction of new assets saw the total number of cryptocurrencies exceed the 22,000 milestone.
5 new cryptocurrencies to watch in January 2023!
Some new cryptocurrencies show potential by attracting investors through capital inflows. In particular, investors are pouring funds into new assets despite their infancy. This indicates that the assets potentially have a strong underlying utility.
This line selects five new cryptocurrencies listed on CoinMarketCap cryptocurrencies to invest in January 2023.
Voxto Upgrade (VTX)
VTX is the native token of Voxto, the central financial platform built on the Ethereum (ETH) chain. The token acts as a utility and governance platform for Voxto. The platform allows traders to stake and earn on crypto with dividends. Notably, the project has recently made its way into the metaverse and Web3 as it builds infrastructure for the crypto economy. Currently, VTX is trading at $0.02 with a market cap of approximately $47.28 million.
VTX seven-day price chart. Source: CoinMarketCap
BITCONEY serves as game reward token for Crytpo Bunny Game. The token aims to recreate the Bitcoin mining experience where players will mine blocks as they earn BITCONEY tokens.
Indeed, the ecosystem aims to be different from other games for earning crypto by allowing users to play for free. Recently, the BITCONEY ecosystem has experienced increased development activity as well as being listed on cryptocurrency exchanges. At press time, BITCONEY was trading at $2.16 with a market cap of approximately $44 million.
BITCONEY seven-day price chart. Source: CoinMarketCap
Sense4FIT is a “WINNING FIT” platform that aims to present an online concept that leverages a semi-decentralized application. Using SFIT as its native token, the platform focuses on elements such as fitness, nutrition, personal growth and mindfulness.
The token has attracted increased attention from the crypto community with its listing on different crypto trading platforms recently. At the same time, SENSE4FIT is signing partnerships with athletic personalities to support the underlying concept. Currently, SFIT is changing hands at $0.024 with a market cap of $25.1 million.
SFIT seven-day price chart. Source: CoinMarketCap
The DEXO platform combines the advantages of both centralized and decentralized cryptocurrency exchanges to offer users a new experience. Interestingly, the platform with its native token DEXO is trying to take advantage of recent events in the crypto market like the FTX crash to attract new users. Along this line, the token is up almost 2% in the last 24 hours, trading at $0.01. The token now controls a market cap of $20.17 million.
DEXO seven-day price chart. Source: CoinMarketCap
The Zeniq platform aims to improve the experience of decentralized stock traders. Leveraging the ZENIQ native token, users will have the opportunity to experience a fast and secure way to manage and trade all categories of crypto assets.
Interestingly, the ecosystem is up almost 25% in the last 24 hours and is trading at $0.07 at the time of publication. The rally led to the asset accumulating a market cap of $6.3 million.
ZENIQ seven-day price chart. Source: CoinMarketCap
It is worth noting that since they are newly listed cryptocurrencies, they are likely to be subject to price fluctuations. At the same time, assets are not exempt from prevailing market conditions.