Cryptocurrency

DeFi

Penguin Finance

Lydia Finance

Avalanche

<p>As the low-cap crypto space experiences rapid expansion, new projects are launching daily, each with unique use cases and value propositions to distinguish themselves. This article will spotlight four new coins currently <a href="https://insidebitcoins.com/news/most-trending-cryptos-on-ethereum-chain-today-aigentx-chainex-ai-pin">trending on Avalanche Chain</a>, a popular platform for tracking real-time data on various digital assets.</p> 
<p>Furthermore, interest in crypto presale is on the rise. Investors are interested in new projects to hedge their gains ahead of the anticipated altcoin rally. Market history reveals that newer projects benefit from the bull run windfall.</p> 
<h2 id="b-trending-cryptocurrency-tokens-on-avalanche-chain-b"><b>Trending Cryptocurrency Tokens on Avalanche Chain</b></h2> 
<p>Thus, the fundraising momentum for Bitcoin Minetrix’s ICO is gaining <a href="https://finance.yahoo.com/news/bitcoin-minetrix-cloud-mining-pioneer-170700770.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAFoQ3vRY7w4oYUMaREr5Txw-13QLoODYdn5-m7EloBQuGqDrbcwb0gGkaOpn27hk14-IkNNmvA-dIWXg677wFoq_fzYwKtW5OhcCmPaCYNS-l5WKm5K_zMQ67IvFdIWNRLrPQIVYhoLa4rbloL2rGjkXlrT1nnWdvP9byJgFd59h">traction within the crypto community</a> as it rallies behind the project’s unique proposition. Bitcoin Minetrix sets out to revolutionize the cloud mining sector by introducing tokenization. This move is aimed at enhancing industry efficiency and eradicating fraudulent activities.</p> 
<h3 id="b-1-pangolin-png-b"><b>1. Pangolin (PNG)</b></h3> 
<p>Pangolin (PNG) is a decentralized exchange (DEX) operating atop the Avalanche blockchain. It offers users a platform for trading cryptocurrencies without centralized intermediaries.</p> 
<p>At its core, Pangolin fosters a community-driven ethos. It enables users to participate in governance decisions through a voting mechanism, shaping the platform’s development trajectory.</p> 
<p>In addition, Pangolin boasts broad asset support, facilitating the trading of various digital assets. These assets include those built on the Ethereum network, encompassing stablecoins, utility tokens, and governance tokens, all within the Pangolin ecosystem.</p> 
<p><img decoding="async" class="aligncenter size-full wp-image-483202" src="https://insidebitcoins.com/wp-content/uploads/2024/02/Pangolin-price-chart-.png" alt="Pangolin price chart" width="1942" height="1006" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/Pangolin-price-chart-.png 1942w, https://insidebitcoins.com/wp-content/uploads/2024/02/Pangolin-price-chart--300x155.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/Pangolin-price-chart--1024x530.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/Pangolin-price-chart--768x398.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/Pangolin-price-chart--1536x796.png 1536w" sizes="(max-width: 1942px) 100vw, 1942px"></p> 
<p>Moreover, the platform distinguishes itself by prioritizing low-cost and efficient transactions. Also, it leverages the Avalanche consensus mechanism to enable swift and inexpensive transactions compared to other blockchain networks.</p> 
<p>Furthermore, Pangolin’s reliance on an automated market-making (AMM) system further streamlines the trading process. It eliminates the need for order books and enables decentralized, permissionless asset exchange.</p> 
<p>On the other hand, Pangolin’s market position ranks it at #73 in the DeFi Coins sector, with notable highlights including a 242% price increase in the last year. It outperformed 87% of the top 100 crypto assets, trading above the 200-day simple moving average and boasting high liquidity based on its market cap.</p> 
<h3 id="b-2-benqi-qi-b"><b>2. Benqi (QI)</b></h3> 
<p>BENQI emerges as a decentralized liquidity market and liquid staking protocol running on the Avalanche smart contract network. The project offers users a versatile platform for lending, borrowing, and earning market yields using digital assets.</p> 
<p>Furthermore, the protocol, conceptualized by Rome Blockchain Labs Inc., positions itself at the forefront of decentralized finance (DeFi). It aims to amplify capital efficiency by unlocking staked AVAX for utilization in various decentralized financial protocols.</p> 
<p><img decoding="async" class="aligncenter size-full wp-image-483203" src="https://insidebitcoins.com/wp-content/uploads/2024/02/QI-price-chart.png" alt="QI price chart" width="1942" height="1006" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/QI-price-chart.png 1942w, https://insidebitcoins.com/wp-content/uploads/2024/02/QI-price-chart-300x155.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/QI-price-chart-1024x530.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/QI-price-chart-768x398.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/QI-price-chart-1536x796.png 1536w" sizes="(max-width: 1942px) 100vw, 1942px"></p> 
<p>Since its token sale concluded on Dec 15, 2021, BENQI has demonstrated remarkable performance metrics. Its price witnessed a 38% increase over the last year and outperformed 58% of the top 100 crypto assets within the same timeframe.</p> 
<p>Despite experiencing volatility, historical price data unveils a top-performing year in 2023, witnessing a remarkable 208.40% surge. However, its worst-performing year was 2022, when it recorded a -95.77% decline. Meanwhile, on the operational front, BENQI facilitates lending and borrowing of digital assets, with liquidity provision to a shared market. Moreover, borrowing enabled using supplied assets as collateral.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">🍂 An update <a href="https://twitter.com/vector_fi?ref_src=twsrc%5Etfw">@Vector_fi</a> and <a href="https://twitter.com/BenqiFinance?ref_src=twsrc%5Etfw">@BenqiFinance</a> xQI partnership!</p> 
 <p>🍂 xQi is a derivative product that allows you to earn yield by staking <a href="https://twitter.com/search?q=%24Qi&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Qi</a> from&nbsp;<a href="https://twitter.com/hashtag/Benqi?src=hash&amp;ref_src=twsrc%5Etfw">#Benqi</a>.</p> 
 <p>🔽VISIT<a href="https://t.co/haI50PnIhM">https://t.co/haI50PnIhM</a> <a href="https://t.co/JVVaEGoXFR">pic.twitter.com/JVVaEGoXFR</a></p> 
 <p>— 🔺 𝗔𝘃𝗮𝗹𝗮𝗻𝗰𝗵𝗲 𝗦𝗽𝗮𝗰𝗲 🔺 (@Avalanche_Space) <a href="https://twitter.com/Avalanche_Space/status/1760717777638412563?ref_src=twsrc%5Etfw">February 22, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>In addition, the protocol features a liquid staking solution, allowing tokenization of staked AVAX for deployment within DeFi applications. Meanwhile, its interest rate models dynamically adjust rates based on utilization to ensure healthy liquidity levels.</p> 
<h3 id="b-3-lydia-finance-lyd-b"><b>3. Lydia Finance (LYD)</b></h3> 
<p>Lydia Finance is a robust platform operating on the Avalanche blockchain. The token is an audited automated market maker (AMM), yield farming, and stake ecosystem. Lydia Finance, backed by a skilled team of developers, leads innovation in the financial space. Through its native currency, $LYD, users can engage in various functionalities such as staking, pooling, and earning.</p> 
<p>Presently, the platform’s statistics reflect a price of $0.000580, with a market cap of $46,027 and a market dominance of 0.00%. Moreover, historical data revealed an all-time high (ATH) of $0.187672 on May 11, 2021, and a cycle low of $0.000516 on Jun 19, 2022.</p> 
<p><img decoding="async" class="aligncenter size-full wp-image-483204" src="https://insidebitcoins.com/wp-content/uploads/2024/02/LYD-price-chart-.png" alt="LYD price chart" width="1942" height="1006" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/LYD-price-chart-.png 1942w, https://insidebitcoins.com/wp-content/uploads/2024/02/LYD-price-chart--300x155.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/LYD-price-chart--1024x530.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/LYD-price-chart--768x398.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/LYD-price-chart--1536x796.png 1536w" sizes="(max-width: 1942px) 100vw, 1942px"></p> 
<p>Despite recent stability in price, the sentiment remains bullish, with a Fear &amp; Greed Index indicating extreme greed at 76. In addition, Lydia Finance has seen 30 consecutive green days in the last month, signaling positive market sentiment.</p> 
<p>With a circulating supply of 79.38M LYD out of a maximum supply of 540.00M LYD, the platform continues to operate at a high level, trading near its cycle high.</p> 
<h3 id="b-4-penguin-finance-pefi-b"><b>4. Penguin Finance (PEFI)</b></h3> 
<p>Penguin Finance has emerged as a leading DeFi protocol on the Avalanche Network. It sets itself apart with low gas fees, rapid transaction speeds, and a strong emphasis on decentralization. The protocol tackles the hurdles of high technical requirements and gas fee exclusions. The token provides users with an innovative suite of decentralized applications, financial products, and comprehensive documentation.</p> 
<p>Penguin Finance’s native token, PEFI, plays a multifaceted role within the ecosystem. It facilitates liquidity mining in the Igloos (yield-farming), staking in the Penguin Nests, fee collection from the Penguin auto-compounder, and future governance in the Penguin DAO.</p> 
<p><img decoding="async" class="aligncenter size-full wp-image-483205" src="https://insidebitcoins.com/wp-content/uploads/2024/02/PEFI-price-chart.png" alt="PEFI price chart" width="1942" height="1006" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/PEFI-price-chart.png 1942w, https://insidebitcoins.com/wp-content/uploads/2024/02/PEFI-price-chart-300x155.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/PEFI-price-chart-1024x530.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/PEFI-price-chart-768x398.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/PEFI-price-chart-1536x796.png 1536w" sizes="(max-width: 1942px) 100vw, 1942px"></p> 
<p>Penguin Finance stands out for its commitment to security and resistance against rug-pulls. It is evident through secure, audited contracts and code forking from well-established protocols. Furthermore, the CertiK audit conducted on June 16, 2021, attests to the project’s dedication to user safety.</p> 
<p>Moreover, Penguin Finance has strategically borrowed from successful DeFi protocols such as PancakeSwap, SushiSwap, and Goose Finance. Hence, creating a user-friendly interface and innovative dApps like the Emperor Penguin.</p> 
<p>The current Fear &amp; Greed Index stands at 76, indicating extreme greed in the market. Penguin Finance distinguishes itself by attracting DeFi users searching for alternatives with lower fees and faster transactions. Its commitment to security and innovation further solidifies its unique value proposition in decentralized finance.</p> 
<h2 id="b-what-might-be-the-next-top-trending-crypto-b"><b>What Might Be The Next Top Trending Crypto</b></h2> 
<p><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="nofollow">Bitcoin Minetrix</a> introduces a groundbreaking approach to Bitcoin mining by tokenizing mining power, offering users a novel way to participate in the mining process.</p> 
<p>Using the platform’s native BTCMTX token, users can accumulate mining credits without incurring the high electricity costs typically associated with mining operations. These mining credits can then be exchanged for hash power to mine Bitcoin, leveraging the platform’s innovative Stake-to-Mine model.</p> 
<p><iframe title="Could Bitcoin Minetrix Be The Next 100X Cryptocurrency?!" width="640" height="360" src="https://www.youtube.com/embed/ARD7LHpC_sM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p> 
<p>The project has attracted considerable attention, evidenced by over 14,300 individuals joining Bitcoin Minetrix’s Telegram channel. In addition, the presale has successfully raised over $11.3 million in funding, indicating robust investor interest in the project.</p> 
<p>Moreover, Analysts foresee the potential for explosive value growth for BTCMTX upon its listing on exchanges. This sentiment is reinforced by endorsements like YouTuber Jacob Bury’s recommendation to his 28,000 subscribers, labelling it the “best crypto to buy now.”</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Exciting news for the <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> mining industry! 🚀<a href="https://twitter.com/hashtag/PolarisTechnology?src=hash&amp;ref_src=twsrc%5Etfw">#PolarisTechnology</a> unveils plans for a $100 million, 200MW data center in Muskogee, Oklahoma.</p> 
 <p>What opportunities do you think this development will bring to the local community?<a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw">#BitcoinMinetrix</a> has successfully raised more… <a href="https://t.co/m6jQ29WJ1D">pic.twitter.com/m6jQ29WJ1D</a></p> 
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1759963897971261819?ref_src=twsrc%5Etfw">February 20, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Coinsult’s audit of Bitcoin Minetrix’s smart contracts further assures investors of the project’s security. <a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="nofollow">BTCMTX</a> tokens are available at a discounted price of $0.0136 during the presale, presenting an enticing opportunity for risk-tolerant investors looking to capitalize on the project’s potential.</p> 
<p><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="nofollow">Visit the Bitcoin Minetrix Presale&nbsp;</a></p> 
<h3 id="b-read-more-b"><b>Read More</b></h3> 
<ul> 
 <li aria-level="1"><a href="https://insidebitcoins.com/buy-cryptocurrency/most-trending-cryptocurrency">Most Trending Cryptocurrency</a></li> 
</ul> 
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row"> 
 <div class="inContentProviderSingle--wrapper"> 
  <div class="container"> 
   <div class="row mb-lg-3"> 
    <div class="col-12 col-md-8"> 
     <p class="inContentProviderSingle--title">New Crypto Mining Platform - Bitcoin Minetrix</p> 
    </div> 
    <div class="col-12 col-md-4"> 
     <div class="inContentProviderSingle--rating"> 
      <div class="rating--holder"> 
       <p class="rating--text">Rating</p> 
       <div class="rating--star-container"> 
        <div class="rating--star" style="width: 100%;"></div> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="row">  
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"> 
     <img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60"> 
    </div> 
    <div class="col-12 col-md-8"> 
     <ul class="inContentProviderSingle--list"> 
      <li>Audited By Coinsult</li> 
      <li>Decentralized, Secure Cloud Mining</li> 
      <li>Earn Free Bitcoin Daily</li> 
      <li>Native Token On Presale Now - BTCMTX</li> 
      <li>Staking Rewards - Over 50% APY</li> 
     </ul> 
    </div>  
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"> 
     <img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60"> 
    </div> 
   </div> 
   <div class="row"> 
    <div class="col-12 text-center"> 
     <div class="inContentProviderSingle--button"> <a href="https://insidebitcoins.com/visit/bitcoinminetrix" title="Start Trading" rel="nofollow">Learn More</a> 
     </div> 
     <div class="inContentProviderSingle--disclaimerText"> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
</div>

Trending Cryptocurrency Tokens on Avalanche Chain Today – Pangolin, Benqi, Lydia Finance

Table of Contents

Inside Bitcoins

Other articles published on Feb 23, 2024

Crypto Trends 2024: How to Earn More on Altcoins?

Vitalik Buterin and Sandeep Nailwal to Lead Groundbreaking Decentralized AGI Summit at ETHDenver

Harga BTC Diprediksi Melesat ke US$150.000, Ini Pemicunya

Pepe Price Rises 13% After Binance Launches Promotion – Could This New Meme Coin Surge Next?

Ethereum Support from Coinbase to Grayscale! "Ethereum is Not a Security, It's Almost the Same as...

The Dual Impact of Bitcoin Halving and Ordinals Revenue

Join our free newsletter for daily crypto updates!