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The uncertainties in the crypto market linger on, with many hoping that there’ll be a catalyst to trigger the next phase of the bull run. Many traders look forward to halving events as a key pivotal point for the crypto market.
However, it’s hard to predict if the event will usher in the next cryptocurrencies to explode. Notwithstanding, the performance of ORDI, LTO Network, and IoTeX in the last 24 hours shows that the crypto market still has gems to offer.
Next Cryptocurrency To Explode
On the other hand, upcoming projects like the eTukTuk initiative offer investors a chance to participate in emerging sectors. The eTukTuk project leverages blockchain technology to solve real-world problems, and it has raised about $2 million through the presale offering of its TUK token. This post reviews its presale offering and other details of the project.
1. ORDI (ORDI)
The crypto market might be going through a moment of uncertainty, but ORDI takes a different direction. The cryptocurrency dubbed the leading BRC20 token is approaching the $2 billion valuation. As of the time of writing, it posted gains of over 10% intraday and a trading volume of about half a billion dollars. The surprising performance of the asset is due primarily to the improved outlook of the token.
A post on Coinbases official Twitter handle hinted at the ORDI’s perpetual listing, slated for April 11th. Coinbase is recognized as the largest trading platform in the United States, and Coinbase International is its global crypto futures trading platform.
The anticipation of ORDI’s Coinbase listing gives it the needed visibility to attract funds inflow in the long run. Currently, ORDI’s chart does not reflect the projected outlook as its trading volume at the time of writing is 10% lower than 24 hours ago.
Furthermore, the technical analysis of ORDI shows a significant bullish upside ahead of the token. Its relative strength index remains neutral, slightly touching the 63 mark at the time of writing.
@CoinbaseIntExch will add support for Ordinals and Worldcoin perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our ORDI-PERP and WLD-PERP markets will begin on or after 9:30am UTC on 11 APR 2024. pic.twitter.com/GYHPBTGBJG
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 4, 2024
Similarly, ORDI’s moving averages suggest the potential for more upside, as indicated by its short-term and long-term EMA values. Other indicators that show bullish momentum include the MACD value of about -1.615.
Ultimately, ORDI became one of the next cryptocurrencies to explode in the new week, especially as the demand for the token increases ahead of the listing. Investors should keep an eye on the trend of the token. More importantly, the coming halving offers ORDI an opportunity for increased visibility.
2. LTO Network (LTO)
The market outlook of the LTO network coin is quite optimistic. The coin posted over 18% price increase today, with a 32% increase in trading volume. The increasing attention to the RWA sector generates LTO’s price action. Like every other pioneer in the industry, the token is reaping a windfall from the growing investor interest.
LTO is generally a layer 1 platform that allows business setup, workflow management, document verification, and authentication. However, using blockchain in asset tokenization has given the platform a new use case in the RWA sector. Its growing use cases have earned it a reputation as one of the leading blockchains in Europe.
The platform recently released an overview of its market data, which must have triggered the current rally. According to a post on its Twitter handle, there have been over 260,738 operations on its network, and over $40 million is staked on the platform. Consequently, the project has nearly 35% of its circulating supply staked.
⚡️ LTO Network Stats Report
Week ending Friday 5th April.Network Activity – 260,738 Operations
Nodes – 90
Mainnet Uptime – 1906 Days
Amount Staked – 158,420,049 $LTO#cryptocurrency pic.twitter.com/4p5jD9HmxA— LTO Network (@TheLTONetwork) April 5, 2024
At the time of writing, LTO has upbeat technical data that indicates that it might become one of the RWA tokens to explode this quarter. It posts relatively strong trends, with its price trading close to the $0.27 resistance cluster.
Similarly, the bullish potential of the token is validated by its current price, which is above EMA200. Moreover, LTO’s RSI value remains slightly below the oversold region, indicating more room to break above the immediate resistance—a breakout of the price level positions LTO for prices above the $3 range.
3. eTukTuk (TUK)
eTukTuk presale is getting closer to the pivotal point. The project recently crossed $2.8 million, only a few steps from the next milestone. What’s fascinating about the eTukTuk project is the move towards solving major climate problems while still resolving transportation.
As a pioneer in space, the project could become a disruptor in the transportation space. eTukTuk offers transportation relief to developing countries and provides a platform-based economic model to reward early investors who join the movement through the TUK token.
The TUK token lets holders earn through staking and price gains upon listing. However, it also helps the platform support research and other climate-focused solutions. Investors can participate in the eTukTuk solution by purchasing the TUK token at the presale price of $0.0295.
We've hit a major milestone, raising $2M in our pre-sale!
Thanks to our incredible community for your support.
Rest assured, these funds will fuel our mission for a sustainable future 🚀https://t.co/4kiTWB8U8Z
— eTukTuk (@eTukTukio) March 20, 2024
While the discount offer runs throughout the presale period, the TUK presale price is deflationary, increasing over time. According to the project’s presale page, TUK’s price will rise in four days. Hence, it’s best to buy at its current price to enjoy the discounted value.
4. IoTeX (IOTX)
The widespread adoption of mobile devices popularised the Internet of Things (IoT) concept. The quest to connect everything humans use to the internet became enticing as the power of handheld devices increased. Currently, blockchain technology brings about the next iteration of IoT. Projects like IoTeX incentivize platform users to create a global interface between humans and machines.
Even though the project has been around for over 5 years, its potential is more recently realized through an increasing interest in artificial intelligence and DePin technology. The token has seen consistent price increases since the bull market’s start as more investors pay attention to its future relevance in human advancement.
In the last 24 hours, IoTeX posted over 20% price increase and a trading volume increase of about 16%. Interestingly, IOTX holders might see further price increases as the token’s technical data shows its potential for further uptrend. IOTX Price recently crossed above its EMA200, and its RSI reading is below the 70 mark. Hence, its current price has more room to grow.
$50M investment into IoTeX's DePIN ecosystem.
Funding from @snzholding, @ForesightVen, @borderless_cap, @ambergroup_io, @fmgroupxyz, @MetricsVentures, @EV3ventures, @waterdripfund, @SummerEverest & others.
The $50M will be injected into long-term staked $IOTX, our DePINsurf… pic.twitter.com/ucbPrbJ5cL
— IoTeX (@iotex_io) April 2, 2024
Additionally, one of the things that would drive the future growth of the platform and its underlying asset is the recently announced $50 million earmarked for project development across the network. It also said that a portion of the fund is allocated for the long-term staked IOTX. Thus, the project has the potential to become a force to reckon with in the DePIN sector, especially as the network finds more use cases.
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