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The cryptocurrency market has displayed a significant correction over the past day. It has seen top tokens experiencing a pull toward their crucial support levels. Moreover, the market leader, Bitcoin price, recorded a low of $62,783.63 before recovering.
However, Wormhole has exhibited a notable bullish reversal in its chart over the previous day. This development signifies a mixed sentiment in the crypto market. Also, BONK is nearing a critical resistance level at $0.0000028, and a breakthrough could drive its price to new highs above $0.000030.
5 Best Cheap Crypto To Buy Now Under 1 Dollar
Choosing among the cryptocurrencies currently on the rise and pinpointing profitable cryptocurrencies may be challenging. Therefore, the analysis presents some promising altcoins worth considering using various metrics.
Likewise, the article summarizes Slothana’s presale offering as it announced its launch in 3 days. The timing of Slothana offers investors an opportunity to participate in a potential meme coin rally. This development mainly benefits investors who may have missed out on earlier meme coin explosions.
1. Wormhole (W)
Wormhole is now live on various prominent blockchains, including Arbitrum, Optimism, Solana, Ethereum, and Base. This launch enables users to move $W tokens instantly without liquidity pools. The tokens can now serve as an ERC20 token on EVM-compatible chains and an SPL token on Solana with EVM compatibility. This raises the prospect of developing multi-chain solutions.
This functionality represents a significant milestone for Wormhole, as it signifies the completion of the second phase of their W token launch roadmap. The upcoming phase will introduce a multi-chain governance system, which is expected to be a game-changer for the platform when combined with W token staking for governance purposes.
Since its launch, the Wormhole (W) token has gained massive attention from the crypto space, and the altcoin has displayed significant price fluctuations in its chart. However, the price failed to maintain momentum, trading under a constant bearish influence.
Bitcoin is getting a programmable economic layer, and @Wormhole is your primary gateway to it.
Building on Wormhole’s multichain platform, @MezoNetwork will have connectivity to 30+ chains after going live with Day 1 support, enabling secure and fast interoperability.
— Wormhole (@wormhole) April 25, 2024
The W crypto token has lost 51.38% since its inception, indicating a negative influence in the market. However, the price has added approximately 15% within the past day and 16.37% over the past week, highlighting a high possibility of a bullish reversal in the upcoming time.
The Moving Average Convergence Divergence (MACD) displays a rising green histogram in the chart, indicating increased buying pressure for the altcoin market. Moreover, the averages show a bullish convergence, suggesting a bullish outlook for the altcoin in the coming time.
2. Slothana (SLOTH)
Slothana has announced its official launch date, set to occur in just 3 days. The platform’s recent social media update suggests the community eagerly anticipates the market debut. As a result, early investors can anticipate potential returns on the capital they have invested in the project.
Furthermore, the timing of Slothana offers investors an opportunity to participate in a potential meme coin rally. This mainly benefits investors who may have missed out on earlier meme coin explosions, during which the prices of meme cryptocurrencies surged by nearly 500%. The resurgence of meme culture may be triggered by the confluence of Doge Day and the halving event.
Moreover, the presale offering is still open, allowing investors to purchase 10,000 SLOTH tokens at 1 SOL each. The timing is favorable as the crypto market is currently at a discount, with asset prices down by over 20%. The market is expected to rebound in the coming weeks, leading to a price rise.
🎬🌵 Are you feeling lucky, sloths? 🎰 With just 3 days left in the presale, it's time to saddle up and make your move. Are you gonna sit there, or are you gonna join the ride to the moon with Slothana? The choice is yours. Make it count. 🔥🦥 #Slothana #memecoins pic.twitter.com/lnyqisy2EB
— Slothana (@SlothanaCoin) April 25, 2024
With over 15 million raised so far in its presales, the bull run in the meme market is set to launch the token to explosive prices once it launches. Updates about the Slothana and new developments are often posted on its official Twitter handle. Similarly, the presale page offers information about how to participate in the presale offering.
3. Bonk (BONK)
Bonk, the dog-themed memecoin, has emerged as one of the top altcoins in the market. The token gained widespread attention after experiencing explosive growth in the final quarter of 2023. Earlier this year, it reached a new all-time high (ATH), solidifying its position among the top crypto coins. Its remarkable performance has established it as one of the leading memecoins on the Solana blockchain.
Despite its rapid surge, technical analysis suggests that BONK still has potential for further growth, especially if leading cryptocurrencies like Bitcoin and Ethereum regain momentum. The Bollinger band analysis indicates that BONK is nearing a critical resistance level at $0.0000028, and a breakthrough could drive its price to new highs above $0.000030.
However, potential risks exist for BONK, particularly if BTC and ETH continue to face challenges. This downturn could trigger a reversal and a pullback towards key support levels. Investors should closely monitor these levels, especially at $0.0000216 and the range between $0.0000152 to $0.0000186, as they could offer buying opportunities in the event of a downturn.
A quick recap of the Dubai lights🔥
BONK lit up the night sky in Dubai, capturing the attention of all of CT with The Dog’s drone show on display…🐾
Where should BONK go viral next?#LetsBONK
❗️❗️❗️ pic.twitter.com/wfJInD9l3T— BONK!!! (@bonk_inu) April 25, 2024
Despite these risks, BONK’s significant social dominance and strong trading volume signal sustained interest from investors. This indicates that BONK may continue to gain attention, particularly if market conditions improve.
4. BitTorrent (New) (BTT)
BitTorrent is showing signs of recovery after experiencing a downtrend over the past month. Following the launch of its BTFS v2.3.5 Mainnet, the platform’s native token saw continued decline. However, there are indications of a potential reversal, with a 9.2% increase over the past 24 hours, bringing its price to $0.000001351.
However, the token’s market sentiment remains neutral mainly at this time. However, investor confidence appears to be strong, as indicated by the Fear & Greed Index, which is currently at an extreme greed level of 79.
Moreover, In the last thirty days, BTT has posted 15 green days, where the closing price exceeded the opening price. This surge accounts for 50% of the trading days. BitTorrent has settled at a remarkable 128% price surge since the previous year. It has surpassed the performance of 57% of the top 100 crypto.
🛠️#BTFS Weekly Report
✅Total miners exceeded 8 Million
✅Total Storage Contracts exceeded 153 Million
✅Total Revenue exceeded 25045 Billion $BTT pic.twitter.com/YWQPH6IKag— BitTorrent (@BitTorrent) April 26, 2024
Consequently, BTT is trading 52.6% above its 200-day Simple Moving Average of $0.000069392, indicating an uptrend in the market. This strong performance indicates positive prospects for BitTorrent. Analysts predict that strategic partnerships with other networks could drive BitTorrent’s price to over $0.00000205 by 2024.
5. Fantom (FTM)
Fantom’s native token, FTM, has experienced a remarkable surge, rising by more than 190% in March. This exceptional performance made FTM the best-performing non-meme cryptocurrency among March’s top 100 digital assets.
Despite this impressive rally, FTM’s success has been followed by a 6.83% decline. Specifically, Fantom’s FTM was worth $1.14 on March 22 but fell to $0.74 in a couple of days. However, some Fantom experts remain optimistic and have predicted a rise in the value of FTM to about $2.66 by May.
After completing each quest, do not forget to:
1) Visit the Galxe page again a couple of hours later, to verify your quest achievement (around 2 hours needed to update the Galxe platform)
2) Claim your points at the bottom of the quest's page when you have finished a quest, so… https://t.co/uWZWrhcSs2— Cronos (@cronos_chain) April 25, 2024
Conversely, many FTM analysts hold a different view, believing that smart contract issuance issues will affect the value of FTM and result in a decline. These experts anticipate that FTM’s price will drop to around $0.54 by the end of April.
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