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The altcoin 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, altcoins are poised for significant gains this week. Analysts think this might produce more explosive performance for meme coins, too. 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. Ethena (ENA)
Many tokens in the Ethereum ecosystem surged yesterday after it was confirmed that ETH ETFs will start trading. Ethena joined ARB, ENS, ETC in this rally today. The ENA price was steady yesterday but jumped 10% this morning, now trading around $0.47.
Recently, ENA traded under bearish conditions and experienced a 12.73% correction over the past 30 days. However, the ENA price has regained momentum, increasing by 11.01% in the past day with a trading volume of $148.13 million, a 78.84% increase. Currently, ENA is trading at $0.4941, with a circulating supply of 1,710,937,500 ENA and 15 billion ENA tokens. This gives Ethena a market capitalization of $844.84 million, placing it at 81st.
The Simple Moving Average (SMA) is close to showing a bullish convergence in the 1D time frame, indicating increased buying pressure over selling pressure. Additionally, the RSI indicator has gained momentum, rising sharply towards its midpoint, suggesting a strong bullish outlook for the ENA price.
Introducing the Ethena reward-bearing asset proposals, with entities pitching for an allocation from Ethena's liquid cash backing
One of the early applications is from Securitize, the distributors of @BlackRock's BUIDL, for an allocation from Ethena's Reserve Fund
Details below pic.twitter.com/YZIhWqBEQE
— Ethena Labs (@ethena_labs) July 23, 2024
If the market continues to gain momentum, Ethena’s price could reach its resistance level of $0.60. If the bulls maintain control, the ENA price might test its upper resistance level of $0.825.
2. StormX (STMX)
StormX crypto was stabilizing after a significant crash. Bitcoin’s decline below $60,000 caused panic among investors, raising fears of a market crash. This panic affected the broader market, causing many altcoins to drop below their annual lows.
StormX crypto experienced a nearly 38% crash over the past month, attempting to stabilize near its August 2023 lows. At the time of reporting, the crypto was trading at approximately $0.006943, showing over 9% intraday growth. With a market capitalization of $69.86 million, it ranks 470th in the cryptocurrency market.
StormX is a leading global crypto-based platform, expanding its presence in international markets. It operates as a mobile app and browser plugin, allowing users to earn cryptocurrency as cashback on online shopping. StormX partners with companies like Samsung, Nike, and Lego, enabling users to stake the native STMX token to increase their rewards.
Recently, the price of the DAA (daily active addresses) divergence indicator has improved significantly. According to data from the on-chain analytics website app.santiment.net, the bearish divergence between StormX’s price and daily active addresses has decreased. This reduction in bearish divergence suggests improved sentiment, which could lead to a recovery in the crypto market. The positive change in the price DAA divergence indicator indicates increased user activity in StormX.
3. 99Bitcoins (99BTC)
99Bitcoins ($99BTC) is nearing the end of its presale, set to conclude by August 6. Since starting in April, it has raised $2.5 million through its native token, $99BTC. This token is central to its innovative learn-to-earn model, which offers users exclusive training courses, trading signals, VIP groups, mentoring, and more.
Currently priced at $0.00115, the token will see a final increase to $0.00116 in this last stage of its ICO. However, this price is not expected to remain the same. With its well-known name in crypto education and plans to launch on decentralized exchanges (DEXs) this quarter, 99Bitcoins anticipates increased liquidity that could significantly boost its value.
99Bitcoins’ framework makes a strong case for investing in $99BTC, especially as it plans to transition from an ERC-20 to a BRC-20 token. This move leverages Bitcoin’s Layer 1 infrastructure, enhancing security and resilience against censorship. BRC-20 tokens have surged in value recently, with the top 20 coins reaching a market capitalization of $1.6 billion. This highlights the potential impact of $99BTC within the Bitcoin network.
🔥 Our #Presale is nearly over! 🔥
Secure your $99BTC tokens now before the final price increase! 👀
The presale ends on the 6th of August at 2 PM UTC. Don’t miss out! 🗓️ #99Bitcoins #BTC #Crypto pic.twitter.com/ggU70617jT
— 99Bitcoins (@99BitcoinsHQ) July 23, 2024
Even before its presale launch, 99Bitcoins has been a leader in crypto education since 2013. It has provided comprehensive coverage of cryptocurrencies, industry news, and tutorials. Its YouTube channel features 780 videos and courses totaling 79 hours, with over 100,000 students benefiting from this content.
This extensive crypto education resource has built a massive community, including over 2.8 million email subscribers, 705,000 YouTube subscribers, and more than 21,000 followers on X. Through its learn-to-earn model, 99Bitcoins enables learners who complete its curriculum or contributors who expand its crypto content library to earn its ERC-20 token, $99BTC.
4. SuperVerse (SUPER)
SuperVerse is an innovative initiative focused on overseeing and developing advanced Blockchain products. At its core is the SUPER coin, which serves as the foundation of its ecosystem. This coin drives revenue and enables various functions within its product suite.
A major part of SuperVerse’s portfolio is a comprehensive set of tools designed for content creators. These tools aim to boost audience engagement and provide creators with essential resources to build and maintain their communities effectively. With these tools, content creators can deliver more interactive and captivating experiences, expanding their reach and influence.
The User-Generated Content (UGC) Sandbox within the Impostors Metaverse is another notable feature of the SuperVerse ecosystem. This sandbox environment allows content creators to design and monetize their game modes. It offers a platform for creators to use their creativity and entrepreneurial skills to develop, share, and profit from unique game content.
This SuperVerse ally is CRUSHING IT! 5 million+ downloads ⚡️
We're talking about @SuperChampsHQ: Built by gaming veterans, backed by Web3 giants
The best part? All SuperVerse community can now claim Quest Points in their Rewards Program 👇https://t.co/X44bNTJFdx
1/2 pic.twitter.com/FdVislrUyC
— SuperVerse (@SuperVerse) July 22, 2024
Currently, SuperVerse is trading at $0.7103, reflecting a 6.42% increase in the past 24 hours and a 5.06% increase over the past seven days. According to current price predictions, SUPER could rise to $0.9782 next week. The long-term outlook for SuperVerse is positive, with analysts projecting that the SUPER price will reach $1.77 within a year, a 170.08% increase.
In 2025, SuperVerse will likely have an average price of $16 per coin. This could be driven by expanded regulatory clarity and strong growth in the technology sector. These factors and reduced inflation could increase the utility and value of cryptocurrencies, pushing their prices upwards. The highest price might reach $22 per coin, fueled by the continued rise in cryptocurrency adoption.
5. Golem (GLM)
Golem is an innovative blockchain-based software that lets users buy and sell computational power for tasks like artificial intelligence, CGI rendering, and cryptocurrency mining. This decentralized system creates a peer-to-peer market for computing resources, linking those with extra computational power to those who need it using the GLM token.
The Golem Network manages and verifies requests, ensuring tasks are completed quickly and efficiently. This groundbreaking method makes cloud computing more decentralized, cost-effective, and user-controlled.
What makes Golem unique is its approach to task management and decentralization. By breaking tasks into smaller parts, Golem speeds up processing and lowers costs compared to traditional cloud services. This system also ensures providers are paid directly, encouraging the sale of computational power.
🚀 We're thrilled to reveal our updated AI/GPU roadmap, which reflects a tactical shift to foster Golem Network development and maximize benefits for the AI market!
Dive into our dedicated blog post to discover how we're meeting the AI industry needs:
— Golem Network (@golemproject) July 23, 2024
The 14-day RSI of 60.10 indicates that Golem is trading neutrally, but its strong performance above the 200-day SMA by 64.75% shows strong bullish momentum. In the last 30 days, Golem had 15 green days, which is 50%, and the price showed low volatility, making it a relatively stable asset. Over the past year, Golem has increased by 81.46%, outperforming 60% of the top 100 crypto assets, highlighting its competitive advantage.
By 2025, Golem’s (GLM) price is expected to reach a low of $0.5, with an average price of $1 and a high of $1.5. This positive outlook is driven by favorable regulation, significant growth in the tech sector, and easing inflation rates. The introduction of Ethereum ETFs might also attract substantial investments into other altcoins, including GLM, boosting its value.
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