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While Bitcoin and alternative cryptocurrencies are experiencing price volatility, altcoins are experiencing bullish trends, boasting significant increases. Meanwhile, other cryptocurrencies also show signs of readiness to surpass crucial resistance levels.
Many altcoins, like Injective and Oasis Network, are experiencing a bullish trend. Based on the market data from these cryptocurrencies, some have posted gains in the same period, and higher gains are likely. It’s becoming evident that some of these tokens will become the next cryptocurrencies to explode.
Next Cryptocurrency To Explode
Many investors will be moving to seize new opportunities in the current market. Analysts are highlighting the potential of upcoming projects, and one example worth checking out is WienerAI. The project aims to merge AI and crypto trading to create a powerful, user-friendly trading platform. Below, we’ll look at updates on the project and its future.
1. Injective (INJ)
Injective is a leading DeFi token that has grown significantly in recent months. It was trading at around $19 in December last year, but its price surged in the first quarter of 2024, reaching a record high of $52 in March. Recently, Injective has also been in the spotlight as one of the top DeFi coins.
Just a few days ago, Injective published its first comprehensive paper on the Injective token. This document explains the token’s primary utilities and deflationary mechanisms to help more people understand this DeFi coin.
The price of Injective has increased by over 400% in the past year. Additionally, more than 17 crucial market indicators signal that they should buy. Given the bullish sentiment surrounding Injective, crypto analysts think retesting the $52 all-time high in Q3 is possible.
Discover how $INJ is transforming the crypto landscape with dynamic supply mechanisms and a revolutionary token burn system. Here are some key highlights from Injective’s comprehensive paper on INJ’s groundbreaking tokenomics.
1⃣Introduction
INJ, the native asset of Injective,… pic.twitter.com/h8vHVLwpv4
— Injective 🥷 (@injective) June 10, 2024
Despite the broader market slump, Injective has been on an upward trajectory. The token’s value has risen by 9.64% in the last day and 18.16% over the past week. With a market cap of about $2.69 billion, Injective shows resilience in a declining market. At the time of writing, INJ was trading at $28.96, attracting traders and investors.
If buyers continue to control the trend and keep the price above $30, the INJ price could maintain its strong upward momentum. Moreover, with a bullish breakout of the inverted head and shoulders pattern, the altcoin could reach the $40 mark, corresponding to the 61.80% Fibonacci level.
2. Gnosis (GNO)
The GNO price is on a clear upward trajectory, showing a consistent bull run. This trend is driven by regular breakout events and increased trading volumes. With the altcoin beginning another bullish week, traders on the sidelines are expecting a new all-time high soon. Will the Gnosis token’s uptrend push it past the $450 mark?
In the past 30 days, Gnosis has seen a 22% increase, pushing its market cap to over $900 million. As the GNO token continues its bull run, it aims to reach a billion-dollar market cap this month. Currently, the altcoin is trading at $348.04 after an impressive 8.34% jump last night, forming a bullish trend.
Gnosis aims to make it easy for developers to build decentralized applications (dApps) within its open and permissionless ecosystem. It also provides a development kit to simplify creating custom cases on the platform.
Buyers are attempting to break through a resistance trendline in a falling channel, putting the Gnosis token on the brink of a price increase. The weekly chart shows a solid overall uptrend, indicating a bullish outlook. If this momentum continues, the GNO price could exceed the $500 mark. Optimistically, the bullish trend might push the price beyond $550 this month.
3. WienerAI (WAI)
WienerAI is a new cryptocurrency that combines the themes of AI and dog memes. This dog-themed coin, WAI, features an AI trading bot and playful dog-themed elements, including sausage meat references. Its presale has already raised over $5.3 million.
WienerAI’s trading bot offers advanced predictive capabilities and a user-friendly interface. It helps token holders identify potential opportunities in the crypto market. By requesting a trade idea from WienerAI, users receive a market analysis to improve their chances of success. Additionally, users can easily swap assets on decentralized exchanges without concern for MEV.
Investors who hold WAI tokens can stake them and earn an annual yield of 261%. The platform has allocated 20% of its token supply specifically for staking. Interested parties can purchase WAI tokens at $0.000715 each to join the presale. With a price increase expected in less than 36 hours, it is advisable to buy soon to get the lowest price.
No chance for scammers! 🚫
There is only ONE WienerAI 💪
No unannounced surprise token claims!$WAI token claim will be announced well in advance, only through our official channels:
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🐶 https://t.co/bLqD6PALT7 pic.twitter.com/V5pYIDu6Jn— WienerAI (@WienerDogAI) June 10, 2024
After the presale concludes, the WienerAI team will list the token on an undisclosed decentralized exchange (DEX). WienerAI combines the popularity of meme coins with the practical use of AI, creating an exciting story supported by strong technology.
This unique combination makes it stand out from many other meme coins and is the primary factor behind its early success. WienerAI aims to improve trading for users with its AI-enhanced trading bot, which can answer questions and search the market for the best opportunities.
4. Oasis Network (ROSE)
Building on the recovery momentum from late 2023, the Oasis Network’s native token, ROSE, is poised for significant growth in 2024. With bullish trends increasing and technical indicators pointing to a possible breakout, ROSE has the potential to be a leading performer this year.
The Oasis Network supports decentralized finance, Web 3.0, NFTs, and the metaverse. The production of the Cosmos SDK empowers users to control the deployment and protection of their data, a capability unique to the Oasis Network. This is referred to as “tokenized data.”
On Monday, the price of Oasis Network (ROSE) rallied, accompanied by higher trading and transaction volumes. It surged to $0.12, the highest since April 12th. At its peak on Monday, ROSE had risen nearly 50% from its lowest point in May.
We are leading a tech revolution with Smart Privacy, enhancing Web3 & AI with cross-chain privacy and decentralization
Focused on transparent and secure AI deployment, Oasis empowers developers with tools like ROFL for off-chain AI integrity
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— Oasis (@OasisProtocol) June 6, 2024
Oasis Network’s transaction volume has significantly increased over the past few days. CoinGecko reports that the total volume traded on Monday exceeded $31 million, up from $18 million on Sunday. Over the past five days, the average volume was more than $27 million, a notable rise from the previous five-day average of $15 million.
Oasis Price could test its upper resistance level of $0.161 this month if the bullish trend continues. On the other hand, a bearish reversal might push the ROSE token down to its lower support level of $0.08775. Given the growing bullish sentiment in the cryptocurrency market, the ROSE crypto price might experience a significant surge. Additionally, increased adoption and use of blockchain technology in cross-border financial systems could see the ROSE price reaching $0.267 by next year.
5. ZetaChain (ZETA)
As of now, ZETA is priced at $1.16. Although the token has decreased by 13.05% over the past week, it has increased by 3.13% in the past 24 hours and by 111.54% over the past year. Despite this growth, ZetaChain is still trading below its 200-day Simple Moving Average (SMA), indicating a bearish trend. However, this cryptocurrency’s Fear & Greed Index is 74 (Greed), showing an increase in token transactions and growing optimism for an upward trend.
Recently, Zetachain introduced UniSat, a wallet compatible with Bitcoin. This new development allows app developers to integrate Bitcoin into their applications on ZetaChain easily. As a result, it enhances user satisfaction and supports the growth of ZetaChain.
ZetaChain is focused on improving cross-chain connectivity and promoting more comprehensive use of Bitcoin in DeFi. The company aims to assist developers in creating unique and valuable applications that leverage the potential of Ethereum’s smart contracts and the reliability of Bitcoin’s network.
With ZetaChain support in the @link3to social platform, professionals can verify and network across chains! https://t.co/HZYAX7Nuo8
— ZetaChain (@zetablockchain) June 10, 2024
ZetaChain has shown stable price movements over the past 30 days, reassuring investors. Its dedication to interoperability and secure architecture has earned the support of a dedicated community in the cryptocurrency market.
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