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The meme coin sector is gaining attention, and various parts of the crypto world are seeing a resurgence in demand. Similarly, Metaverse tokens are picking up speed, hinting at an upcoming bull run and signaling the potential start of an altseason.
With expectations of a bull market similar to 2021, Metaverse tokens are poised for significant gains this week. Analysts think this might produce more explosive performance for meme coins and altcoins. However, Bitcoin’s dominance has overall gone up this year, showing that the market is mixed.
Next Cryptocurrency To Explode
Attention in the crypto market in the coming month will be directed toward altcoins and meme coins as the market anticipates a bull run. Investors can capitalize on the moment and take a position in upcoming tokens like the 99Bitcoins token. 99Bitcoins token’s transition from the ERC-20 to the BRC20 token standard enables developers to create a new token standard. This post covers the details of its presale.
1. Highstreet (HIGH)
The price of Highstreet (HIGH) increased by 25.47% in 24 hours, reaching $6.10. Currently, Highstreet’s market capitalization is approximately $306 million. The trading volume has surged to $120 million, marking a 500.62% rise in the past 24 hours.
The Highstreet team has been busy with various developments. These include implementing VR and unveiling concept art that delves into the project’s lore. Highstreet integrates Shopify experiences into MMORPGs for brands, providing players with a top-notch Metaverse experience.
The HIGH token price has surged by 50% in just five days, indicating strong bullish momentum. Additionally, the weekly chart shows a rounding bottom reversal for this metaverse token. The current bull run has already surpassed the 78.60% Fibonacci retracement level, suggesting a potential rise to a new all-time high this week.
According to Fibonacci levels, the breakout run might encounter resistance at $7.260. However, if the breakout continues, the token could climb to $11.225, surpassing the psychological barrier of $10 by June.
2. 99Bitcoins (99BTC)
With Bitcoin’s rising popularity and projected value, the demand for cryptocurrency education is multiplying. 99Bitcoins, a prominent platform in this field, is meeting this demand with vast resources and an innovative Learn-to-Earn model.
99Bitcoins has become a cornerstone of crypto education. Initially, The platform provided in-depth guides on trading, wallets, and cryptocurrency earning. Now, it has significantly evolved. Its latest development, the $99BTC token presale, supports an innovative Learn-to-Earn (L2E) model. By leveraging Ethereum’s reliable infrastructure, 99Bitcoins will launch its token as an ERC-20 token on the Ethereum network.
This strategy uses Ethereum’s advanced smart contracts, robust security, and wide use in the decentralized application (dApp) ecosystem. After this launch, 99Bitcoins plans to integrate its token into the Bitcoin network using the BRC-20 token standard. This integration aims to leverage Bitcoin’s established status and expand opportunities in the growing application layer of blockchain technology.
Learning #Cryptocurrency is great but it takes up your precious time. How about earning #Crypto whilst learning? 🧠💡#99Bitcoins is about to change the #Learn2Space space forever. 🚀
Join now! 👉 https://t.co/PCa9FjhMqT#99Bitcoins #Presale #L2E #BTC pic.twitter.com/db0H1lSI1S
— 99Bitcoins (@99BitcoinsHQ) May 25, 2024
The 99Bitcoins presale has already exceeded $1 million, with less than an hour left for investors to buy the token at a discounted rate before the price increases. Investors can make purchases using ETH, USDT, or BNB, as well as fiat currencies or credit and debit cards.
3. Dogwifhat (WIF)
The meme coin Dogwifhat (WIF) on the Solana blockchain has increased by 14.7% in the past 24 hours, trading at $3.42. This rise indicates renewed investor interest. Currently, the overall market capitalization of meme coins is $68.2 billion, marking a 6% increase in the same time frame.
Since its launch, Dogwifhat has grown consistently, gaining significant community support, particularly during the Q1 meme coin surge. It now ranks among the top 30 crypto assets by market capitalization, surpassing Filecoin (FIL). Achieving a spot in the top 30 is a significant milestone for Solana meme coins, especially after the bullish sentiment in Q1 2024.
Dogwifhat’s market cap is now $3.4 billion, and daily volumes have surged 50% to $935 million. However, these figures are still below its all-time high of $4.85, which it reached on March 31 during a meme coin frenzy that attracted significant investments.
As at the time of publishing this, Dogwifhat is trading 29% below its peak. Despite this, bulls are optimistic and are taking new positions after recent market gains. The market’s turnaround was sparked by the approval of spot Ethereum ETFs and the excitement leading up to this event. Additionally, crypto assets benefited from the support shown by United States legislators for crypto-related bills.
4. Enjin Coin (ENJ)
Enjin Coin is a project by Enjin that offers a range of blockchain-based gaming products. Its main feature is the Enjin Network, a social gaming platform where users can create websites, clans, chat rooms, and virtual item stores. ENJ, an ERC-20 token, backs the digital assets on the Enjin platform, enabling the buying, selling, and trading of in-game items with real-world value.
Furthermore, Efinity introduces staking for Enjin Coin users, providing EFI rewards for staking ENJ. NFTs stored in wallets will be auto-staked, allowing owners to earn passive income. The Enjin ecosystem helps developers tokenize in-game items on the Ethereum blockchain. ENJ-backed assets provide reserve value, transparency, scarcity, liquidity, and utility in games and apps. This ecosystem supports developers and businesses using tokenized digital assets for acquisition, retention, engagement, and monetization.
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⏭️Quick… https://t.co/S9kzCeRiow pic.twitter.com/GSZupUE1PU— Enjin (@enjin) May 23, 2024
Enjin Coin (ENJ) is poised to significantly impact mainstream digital asset adoption through its immersive GameFi web3 projects. It has a fully diluted valuation of around $684 million and an average daily trading volume of $51 million. In the past 24 hours, ENJ has risen by over 11; in the past week, it has increased by 13%, now trading at approximately 0.3783. A well-known analyst observed that ENJ is gradually breaking out of a falling wedge pattern, which could soon result in a 50% price increase.
5. Celestia (TIA)
Celestia (TIA) has experienced significant fluctuations lately. The cryptocurrency’s value oscillates between peaks and valleys, trading near its lower support levels. Short-term moving averages indicate a dip below recent figures, while long-term trends show a slight decline following an earlier growth period. Despite these hurdles, the currency has demonstrated resilience over the past few months.
TIA’s price is $9.86, marking a 7.57% increase in the last 24 hours. Additionally, Celestia is trading 296,111.40% above the 200-day SMA, which is $0.003332. The sentiment around TIA’s price prediction is currently bullish, with a Fear & Greed Index of 72 (Greed). This indicates heightened token transactions and signals growing optimism for an upward trend.
TIA has solid fundamentals and a dedicated crypto community, giving it the potential for significant growth. If TIA announces collaborations with other networks, its coin price could exceed $12 by 2024. Additionally, if the crypto market continues its bullish trend, the average price of TIA coins will be around $11.67 by 2024.
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