New Cryptocurrency Launches for 20 September 2022
The cryptocurrency market has jumped by 4% in the past 24 hours, partly compensating for falls over the weekend. Its total cap now stands at $978 billion, representing a 12% drop in a week. However, as disappointing as recent months have been for the wider market, a handful of smaller, recently launched coins have bucked overall trends by posting gains following their initial listings. It's in recognition of such coins that this article collects the best new cryptocurrency launches for today and the coming weeks.
Based between London and San Francisco, Sweatcoin is a free-to-download app that rewards users for daily steps with its own SWEAT cryptocurrency, which can be spent on a variety of products or donated to charity.
In contrast to the similar STEPN platform, which is based on Solana, SWEAT is an ERC-20 token running on the Ethereum blockchain.
Its native platform, the Sweatcoin app, has been live for several years already. In fact, it's the 11th most popular app on the Apple App Store in the Health & Fitness category, and has also amassed more than 50 million downloads on the Google Play Store.
In other words, SWEAT already has a large addressable market, and it has already been listed on some of the top exchanges in the world. This includes FTX, Huobi, OKX and KuCoin.
Impressively, it's over 500% up from its price when it first listed last week. And despite being 48% down from its ATH of $0.091476, it should continue to do well.
Listed only yesterday, MGN is up by 10% in the past 24 hours, at $118.48.
MGN is the native token of the Mugen Finance, an Arbitrum-based yield aggregator that uses cross-chain messaging in order to enable users to gain access to multiple yields from multiple networks.
Since launching, Mugen has
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