Kamino Finance

RSIC•GENESIS•RUNE

Bitcoin

Friend.tech

<div class="finbold">
 <p class="paragraph">Amidst the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> market’s recovery from the downturn in early May, there remains an influx of new projects.&nbsp; Some of the projects are attracting investor interest in specific metrics as they move to take a share of the market.&nbsp;</p>
 <p class="paragraph">In this regard, Finbold has identified a selection of top new cryptocurrencies with substantial trading volume based on data retrieved from <em>CoinMarketCap. </em></p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" width="1024" height="119" src="https://cdn.thebittimes.com/images/2024/05/06/30a951cb0377b8edb178a81bb7671420.webp" alt class="wp-image-174125" srcset="https://cdn.thebittimes.com/images/2024/05/06/30a951cb0377b8edb178a81bb7671420.webp 1024w, https://cdn.thebittimes.com/images/2024/05/06/30a951cb0377b8edb178a81bb7671420.webp 300w, https://cdn.thebittimes.com/images/2024/05/06/30a951cb0377b8edb178a81bb7671420.webp 768w, https://cdn.thebittimes.com/images/2024/05/06/30a951cb0377b8edb178a81bb7671420.webp 1125w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Top 3 cryptocurrencies with the highest trading volume. Source: CoinMarketCap</em>
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 <h2 class="wp-block-heading" id="h-friend-tech-friend">Friend.tech (FRIEND)</h2>
 <p class="paragraph">Friend.tech (FRIEND), the decentralized social network launched in August 2023, leads with a trading volume of $66.73 million. Despite this impressive figure, the platform initially faced significant setbacks as its native token experienced a drastic 98% drop in value at one point.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">Upon its introduction to the market, the FRIEND token debuted at $169, attracting 18,000 holders. However, recent developments have raised concerns among investors participating in the airdrop.</p>
 <p class="paragraph">Some users reported issues with app functionality and encountered difficulties in claiming their airdrop. Moreover, the distribution process was criticized for purportedly favoring leading creators over retail investors.</p>
 <p class="paragraph">To address these challenges, a leaked smart contract revealed plans to launch non-transferable v2 tokens called POINTS. These tokens aim to stabilize the market price by imposing a 1.5% transfer fee.</p>
 <p class="paragraph">Meanwhile, by press time, FRIEND was trading at $2.98, reflecting a 24-hour gain of 87%.</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="1003" height="537" src="https://cdn.thebittimes.com/images/2024/05/06/f7189732f0ea0b707032b49f1547e352.webp" alt class="wp-image-174126" srcset="https://cdn.thebittimes.com/images/2024/05/06/f7189732f0ea0b707032b49f1547e352.webp 1003w, https://cdn.thebittimes.com/images/2024/05/06/f7189732f0ea0b707032b49f1547e352.webp 300w, https://cdn.thebittimes.com/images/2024/05/06/f7189732f0ea0b707032b49f1547e352.webp 768w" sizes="(max-width: 1003px) 100vw, 1003px">
  <figcaption class="wp-element-caption"><em>FRIEND all-time price chart. Source: CoinMarketCap</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-rsic-genesis-rune-rsic">RSIC•GENESIS•RUNE (RSIC)</h2>
 <p class="paragraph">RSIC•GENESIS•RUNE (RSIC), built on the Runes protocol, represents the first pre-Rune airdrop for early Bitcoin (BTC) Ordinals adopters. With a trading volume of $12.54 million, RSIC ranks second.</p>
 <p class="paragraph">The platform provides individuals with an opportunity to engage with Bitcoin and contribute to a more decentralized future.</p>
 <p class="paragraph">Notably, attention to the token can be attributed to a move by <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> exchange OKX, which announced the addition of RSIC on OKX Jumpstart, featuring a staking pool of 367.50 million tokens. In celebration of this addition, eligible users who stake BTC via OKX Jumpstart Mining can mine RSIC•GENESIS•RUNE as rewards.</p>
 <p class="paragraph">By press time, RSIC was trading at $0.01461, with daily losses exceeding 1%.</p>
 <figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="987" height="531" src="https://cdn.thebittimes.com/images/2024/05/06/54ef09db075f76af0126096692ffee2e.webp" alt class="wp-image-174127" srcset="https://cdn.thebittimes.com/images/2024/05/06/54ef09db075f76af0126096692ffee2e.webp 987w, https://cdn.thebittimes.com/images/2024/05/06/54ef09db075f76af0126096692ffee2e.webp 300w, https://cdn.thebittimes.com/images/2024/05/06/54ef09db075f76af0126096692ffee2e.webp 768w" sizes="(max-width: 987px) 100vw, 987px">
  <figcaption class="wp-element-caption"><em>RSIC all-time price chart. Source: CoinMarketCap</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-kamino-finance-kmno">Kamino Finance (KMNO)</h2>
 <p class="paragraph">Kamino Finance (KMNO), Solana’s (SOL) largest lending and liquidity protocol, emerged third with a trading volume of $10.66 million. Notably, the token, which debuted on April 30 and initially traded at $0.11, experienced heightened volatility, leading to a significant drop in value.</p>
 <p class="paragraph">Despite facing initial challenges, Kamino Finance witnessed a significant 64% surge in price in just one day, attributed to a move by Bybit announcing a 3,750,000 KMNO Airdrop available in Bybit’s Kamino campaign.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">$KMNO Airdrop! #Bybit x #Kamino: 3,750,000 $KMNO Up for Grabs!<br><br>To do:<br>1. Follow the @Bybit_Official and @KaminoFinance<br>2. Quote/Re-tweet this post.<br>3. Follow the steps in the announcement link to win<br><br> Join Event: https://t.co/WNTq0UQkHr#TheCryptoArk #BybitListing pic.twitter.com/C0tzt0pGY4</p>— Bybit (@Bybit_Official) May 2, 2024
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 <p class="paragraph">It’s worth noting that Kamino Finance distinguishes itself by tokenizing users’ positions into LP tokens dubbed kTokens, which can be used as collateral in Kamino Lend. This feature adds composability to the protocol, enabling tokens to move between protocols via Kamino’s liquidity vaults.</p>
 <p class="paragraph">At the moment, KMNO is <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> at $0.077 with daily losses of almost 2%.&nbsp;</p>
 <figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="1011" height="588" src="https://cdn.thebittimes.com/images/2024/05/06/ff02272b7e99720490e8d45aa65a24ca.webp" alt class="wp-image-174128" srcset="https://cdn.thebittimes.com/images/2024/05/06/ff02272b7e99720490e8d45aa65a24ca.webp 1011w, https://cdn.thebittimes.com/images/2024/05/06/ff02272b7e99720490e8d45aa65a24ca.webp 300w, https://cdn.thebittimes.com/images/2024/05/06/ff02272b7e99720490e8d45aa65a24ca.webp 768w" sizes="(max-width: 1011px) 100vw, 1011px">
  <figcaption class="wp-element-caption"><em>KMNO all-time price chart. Source: CoinMarketCap</em>
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 <p class="paragraph">In essence, these highlighted <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies will depend heavily on the overall <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> activity within the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> sector to maintain any market dominance. Importantly, investor interest is likely to be bolstered by the tokens’ ability to demonstrate robust fundamentals.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/rated-week-s-top-3-new-cryptocurrencies-with-the-largest-trading-volume-tbt87500.html">https://thebittimes.com/rated-week-s-top-3-new-cryptocurrencies-with-the-largest-trading-volume-tbt87500.html</a></p>

Rated: Week’s top 3 new cryptocurrencies with the largest trading volume

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