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The cryptocurrency market is still bumpy, with some coins struggling to bounce back. Bitcoin (BTC) is gradually returning to $70,000, hoping to find support for its next big move. Investors need to stay alert during this consolidation phase as it could be a chance to catch a ride on a rising trend.
Institutional investors are now paying more attention to interoperability and tokenizing real-world assets. Prices of these assets are climbing, even before the market takes off entirely. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token.
Next Cryptocurrency To Explode
Attention in the crypto market in the coming month will go toward the altcoin sector and making the most of the altcoin market. Hence, investors can capitalize on the moment and take a position in upcoming tokens like the Dogeverse. The project enables investors to explore different chains to find the most lucrative decentralized yield-generating opportunities. This post covers the details of its presale.
1. Chainlink (LINK)
Chainlink, a blockchain system that serves as an oracle and supports multiple blockchains, remains popular among institutional investors and individual traders. Its current estimated value is around $16 billion. In the past 24 hours, the altcoin surged by over 15 percent, reaching approximately $16.04 during the early London session on Friday.
Data from Santiment, a market intelligence platform, indicates that addresses holding over 100,000 LINK tokens have grown by 4.6 percent in the past five weeks, totaling 564 addresses. The Chainlink network is known for its secure and scalable Oracle services in the web3 ecosystem.
The Depository Trust and Clearing Corporation (DTCC), a key player in securities settlement systems worldwide, recently finished a trial project called Smart NAV with Chainlink. This collaboration involves major U.S. financial banks and aims to enhance the tokenization of conventional financial funds.
The largest financial institutions in the world are working with #Chainlink to bring capital markets onchain and access the tokenized asset economy.
How Chainlink is transforming global finance 🧵
— Chainlink (@chainlink) May 16, 2024
DTCC announced the completion of the Smart NAV Pilot program on Thursday, May 16. The goal was to standardize how fund NAV data is provided across various blockchain platforms. This was achieved by utilizing Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
Even though the price rises, its having trouble surpassing the critical barrier at $16.50. However, experts suggest that if buyers keep the price above this point, $LINK might aim for resistance levels at $16.50 and $22.00.
2. Dogeverse (DOGEVERSE)
Dogeverse is the first meme coin available across various blockchains, fitting well with the Web3 industry’s aim to enhance interoperability in the crypto world. Modeled after Dogecoin, Dogeverse enables investors to explore different chains to find the most lucrative decentralized yield-generating opportunities. This encompasses DeFi platforms on actively used networks like Avalanche, Polygon, Solana, BNB Chain, Ethereum, and the layer two network, Base.
The DeFi domain offers a promising avenue for investors seeking to maximize their assets. Dogeverse also provides an integrated staking solution on the Ethereum network. This staking opportunity is a compelling choice for both token holders and investors, thanks to an impressive annual percentage yield of 56%.
Those interested in purchasing the meme coin early still have a chance. However, they should act quickly because Dogeverse’s launch is imminent. To seize this final opportunity, investors can visit the project’s website.
It's now or never! 🚀
Buy some $DOGEVERSE before the #DEX launch kicks off!#Memecoins #Altcoins #Solana#Ethereum #DOGE
— DogeVerse (@The_DogeVerse) May 5, 2024
Once there, they can use the simple buy widget to purchase DOGEVERSE at $0.00031. This cryptocurrency can be bought using various options, such as BNB, AVAX, SOL, ETH, MATIC, BASE, USDT, and bank cards.
It’s essential to note that the staking opportunity is available only on the Ethereum chain. Therefore, investors must buy DOGEVERSE using ETH to participate in staking and earn rewards.
3. Arweave (AR)
Arweave (AR) has seen a big jump in value lately, reaching over $47. This increase is mainly because of its new and faster blockchain called “Arweave AO.” The Fear & Greed Index shows a reading of 74, indicating a strong desire to buy.
Over the past weeks, investors have shown great interest in the AR token. The token’s value keeps going up, and it’s trading above important moving averages. As of the time of writing, the price of the Arweave token (AR) is $47.73, showing an 8.37% increase for the day. This suggests a positive trend in the market.
Arweave has hit a similar point to #Bitcoin.
It's feature complete, it's secure, it just works.
The goal remains unchanged: permanently securing the world's knowledge.
It's up to everyone to continue being the catalyst for this change.
— Only Arweave (@onlyarweave) May 16, 2024
The combination of AR and BTC stands at 0.000660 BTC, with a market cap of $2.85 Billion. Analysts predict a strong buy and anticipate a significant rise in AR token price. The daily charts show that the Arweave token will likely surge soon. The token’s recent upward trend has brought it close to its highest point in the last 52 weeks, reaching $45. Bulls are now aiming to surpass the $50 mark.
4. Biconomy (BICO)
Biconomy is a protocol that works across blockchains to improve user experiences on decentralized applications (DApps). It aims to make web3 products easy to use, like web2 products. Users can pay transaction fees with a specific token, which makes transactions faster and cheaper, cutting costs by up to 40%. This new way of using blockchain keeps investors informed and ahead of trends.
Currently priced at $0.5265, BICO has shown strong growth, up 12.25% in the last 24 hours and a whopping 71.46% over the past year. It’s trading well above its 200-day average of $0.268120, indicating its strength. However, its 14-day Relative Strength Index (RSI) is high at 79.08, suggesting it might be overbought and due for a correction.
Just airdropped upto 500 $ARB to $BICO stakers!
Check your wallet, you should have recieved them already😉
And we are just getting started! The next drop coming REAL SOON!
Can you guess it anon?🧨 pic.twitter.com/tqDXqt2Hsx
— Biconomy (@biconomy) May 15, 2024
In the last month, Biconomy had 13 positive trading days (43%) and low volatility at 9%. It has good liquidity, with a market cap of $380.553 million and a 24-hour volume of $21.7 million. Biconomy’s steady growth and strong liquidity make it an attractive choice for investors looking for dynamic growth.
5. Telcoin (TEL)
Telcoin, a crucial currency in a decentralized financial system, helps make global finance more accessible. It rewards both telecom companies and users, making services faster and cheaper. Telcoin also leads in user-owned solutions using DeFi principles, surpassing traditional banking.
The recent increase in TEL’s value by 6.72% in just 24 hours shows growing confidence in the market. It rose 136.67% in the past year and is trading well above the 200-day SMA. Despite the challenges in liquidity faced by many cryptocurrencies, Telcoin has remained stable with a 10% volatility rate over 30 days. With a market dominance of 0.02% and a low volume-to-market cap ratio of 0.0022, Telcoin shows its strength in the market, proving its potential in decentralized finance.
📱 ➡️ 🌍#SendMoneySmarter on the #Telcoin App with remittances to #MobileMoney wallets across the globe! pic.twitter.com/FNPxWZkQFG
— Telcoin (@telcoin) May 16, 2024
Telcoin strategically connects decentralized finance with mainstream usage. With over 5 billion mobile users worldwide, it enables easy financial access. More than just numbers, Telcoin, through active user involvement and partnerships with telecom companies, aims to transform global financial inclusion. It simplifies the creation and distribution of user-owned financial products through telecom channels, reducing risks associated with traditional finance.
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