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The temperament in the crypto market remains upbeat even though the price decline of Bitcoin and Ethereum persists. However, investors expect the market to return to an uptrend in the new week. The high hopes for the future permanence of the giant coin have made many hang on to their coin, believing it will be the next cryptocurrency to explode.
Nevertheless, the insatiable demand from institutional investors keeps pouring into the crypto market to mop up the available BTC. Later in the week, the market would likely settle for a specific direction, and investors can begin making short- and long-term investment decisions again.
Next Cryptocurrency To Explode
Aside from the Bitcoin and altcoin hype, airdrops are another method investors leverage to hedge their bets in the bull market. Recently, Smog has presented investors with an opportunity to win big as it unveils one of the most remarkable airdrop events on the Solana chain. This post briefly explores Smog’s performance and the details of the airdrop.
1. FLUX (FLUX)
Flux has recently been one of the top-performing cryptocurrencies, with over 115% price increase in the last 30 days. Besides the surprising gains, investors have also seen growing interest, which is reflected in the high trading volume of the asset. According to its market data today, there’s been over 72% increase in the token’s trading volume.
Moreover, the current market trends of FLUX indicate strong bullish sentiment and a potential for more upside. FLUX is trading close to its $1.5 resistance level, with a high probability of breaking above the zone. With that, it reached its all-time high value before the end of the quarter.
The performance of the FLUX token is hinged on the strong fundamentals of FluxOS, a major platform in the web3 universe. Hence, the platform’s growth has increased demand for the FLUX token. Also, the Flux platform has been growing use cases in emerging sectors like AI and DePIN.
We are super proud to share we are officially partnering with @NiceHashMining to build out a robust “simple mine” profit switching to #FluxCore. This partnership will bring tons of exposure for both us and the Nicehash team. The #Flux team worked their asses off on this one, huge… pic.twitter.com/7qPpLmXfg5
— Flux-Web3 Cloud (@RunOnFlux) March 15, 2024
Flux is working on providing access to innovative web3 projects and looking to disrupt web2 solutions like WordPress. It achieves this by providing an alternative to established content management systems like WordPress. Even though the concept is quite new, it presents a long-term prospect for FLUX in the web3 space.
Ultimately, as its partnership and innovations become widespread, the Flux token would record a further surge in price. More importantly, its progress towards its ATH gives it the chance to become the next cryptocurrency to explode.
2. Gala (GALA)
Can GALA become the next cryptocurrency to explode? While it’s hard to answer, technical indicators suggest that GALA is one of the best cryptocurrencies to watch in this bull market.
Gala is one of the earliest iterations of the GameFi tokens in the crypto industry. It deploys blockchain tech towards providing entertainment and financial rewards to users. However, Due to the late adoption and growth of the GameFi sector, the project struggled to return significant value to holders.
Notwithstanding, the bull run is changing the overall outlook of crypto gaming, and GameFi is gradually becoming one of the emerging trends. In the past 30 days, GALA has recorded over 120% price increase and is heading towards the $0.07 – $0.08 resistance cluster.
If it successfully breaks above the zone, the token may emerge as one of the top-performing cryptocurrencies this season. Data from its chart reveals that it will likely face any resistance after a breakout from the cluster.
The hackathon is next week!!! 🤩
We've collaborated with @AWSGameTech and @Alienware to bring HUGE prizes to this one.
Looking for a new monitor? AWS credits? Maybe a #FoundersNode!? 😮
Come build on GalaChain. The only way to lose is not to try.👇 https://t.co/srW9hkByPA
— Gala Games (@GoGalaGames) March 16, 2024
In addition, signals from the technical indicators applied to the GALA chart reveal that the token has a higher chance of printing exceptional performance in the coming weeks. Its RSI readings remain bullish, as it recently went into a pullback. Hence, Gala is generally considered undervalued and might soon record a price pump. Similarly, several oscillators, including MACD reading, point to the token’s potential bullish momentum.
The upcoming Gala hackathon will also be a major contributor to the growing visibility of the platform. Overall, the Gala should be on all investors’ watchlists, especially anyone looking for a short-term profit opportunity. Besides, the prospect of GameFi becoming a big opportunity in the bull market also shows that the token may have additional long-term value.
3. Smog (SMOG)
With over 25% gains in the last 24 hours, SMOG secured its place as one of the top gainers today. And that might be the first of many more gains in the new week. The ongoing SMOG airdrop gives it the hedge to maintain the rising demand.
According to the post on the platforms’ official Twitter handle, Season 1 of the airdrop would run until the first week of April, and SMOG holders can participate in the tasks to qualify for the airdrop. Other seasons of the airdrop are also underway.
Therefore, the chance is still open for investors to participate and benefit from the airdrop, which is dubbed one of the most remarkable on the Solana chain.
Buy or stake your ERC-20 $SMOG #Tokens through our platform. 💰🐉
Staked tokens are securely locked for 90 days, with rewards available for withdrawal at your convenience. 🔒💸
Every token purchased via our service is automatically staked for you. 🔄
— SMOG (@SMOGToken) February 22, 2024
Ultimately, the prospect of SMOG printing explosive gains in the coming days is quite high, and it’s best to take a position and benefit from the uptrend. Also, the airdrop offer is another opportunity to scoop up a few bags of the SMOG token. The airdrop details are available on its webpage and social media handle.
4. Stride (STRD)
Stride has seen growing value due to the recently announced airdrop program. A post on its official Twitter handle reveals that the airdrop will feature stTIA, stATOM, stOSMO, and stDYM. There’s been a surge in activities across the network due to the announcement.
As of the time of writing, STRD has seen a remarkable price increase. It currently has a value of $4.5, over 10% higher than what it exchanged for in the last 24 hours. The demand for the token would likely increase consistently as the community approaches the airdrop.
According to the informant on the Stride website, there are over 50 thousand participants in the staking program, indicating that it has the liquidity to sustain the growing demand for the token. Moreover, the data from the token’s chart suggests that there’s been an increase of over 32% in the trading volume of the token compared to what it saw yesterday.
Airdrop coming up for stTIA, stATOM, stOSMO and stDYM ✨@Hava_Coin is launching within the next month, and will be airdropping to many Cosmos / Celestia communities.
The Stride LSTs above will all be included.
Many more upcoming airdrops for Stride LSTs. Stay tuned!
— Stride (@stride_zone) March 15, 2024
Another critical factor that might put STRD on the path to continuous growth is the increasing value of its TVL. As of this writing, it has over $175 million in TVL value, which has increased dramatically since the platform’s launch.
As the use cases and adoption of the platform increase, there’ll likely be growing demand for its token and a complementary increase in the value of STRD. However, risk management must be considered when deciding on the STRD token, as its liquidity is considerably lower than other competing platforms in the liquid staking sector.
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