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Earning significant ROI in a bull market could mean paying attention to the major cryptocurrencies and positioning Altcoins to take off. However, identifying the next cryptocurrencies to explode might be a bit challenging as most funds are attracted to pumping assets.
With the presence of institutional investors in the market, interoperability and real-world assets tokenization would gain increasing attention. Already, prices of assets in this category are on the rise, even before the bull market went into full swing.
Next Cryptocurrency To Explode
Today’s highlights detail the performance of the cryptos that investors should add to their watchlist. It also includes a special mention of the Green Bitcoins, a utility token with a unique touch to reward and interact within its ecosystem. The details of its presale and the performance of the top-performing crypto today are shared below.
1. Ondo (ONDO)
Today, the price of ONDO is up by nearly 19%, and its trading volume has increased by almost 80% in the last 24 hours. Generally, Ondo DAO is working towards becoming a major in governing in decentralized finance. With the increasing attention on staking and DeFi this season, the value of the token the value of ONDO took a dramatic rise.
Does Ondo have the prospect of becoming the next crypto to explode? Ondo wallets saw a surge in activity today, with the number of holders rising to 15,961. The growing number of holders also contributes to the increasing visibility of the token, which may account for the rise in trading volume. If the trend holds for the remaining days of this quarter, there is a high chance that ONDO will keep its uptrend.
1/ 🚨 @OndoFinance is solving the RWA liquidity problem 🚨
Introducing Ondo Global Markets, a platform to bring all publicly traded securities onchain with native access to traditional securities exchange liquidity (e.g. Nasdaq/NYSE/LSE).https://t.co/5NGN64cYPA
— Ondo Finance (@OndoFinance) February 29, 2024
Moreover, holders can expect increasing visibility in the coming months as the project forays into the real-world asset tokenization sector. The trillion-dollar sector will likely unlock fresh funds inflow for the project. A post on its official Twitter handle emphasizes that the community is introducing an Ondo Global Market. The initiative aims at providing access to all publicly traded securities on the chain. It claims it hopes to offer access to liquidity from traditional securities exchanges. How the initiative would play out in the long run would greatly influence the token’s value.
2. Green Bitcoin (GBTC)
We’ve witnessed the rise of concepts like Play-to-earn and Stake-to-earn. However, the Green Bitcoin community is making an innovative move towards predict-to-earn. The idea is to allow GBTC holders to stake their tokens to predict the price action of BTC and earn rewards for participating.
Generally, the concept does more than reward investors for Holding the GBTC token; it also adds some fun to the process. At the time of writing, the price of GBTC is on presale with a growing community of investors.
The price of GBTC at the moment is $0.5362. It will likely remain at that price for the next three days, after which it will assume a new value. The project is gaining wide acclaim as more investors join the train. According to a post on its official Twitter hand, it currently ranks as one of the top presales to watch.
Green Bitcoin is now NUMBER 1 on the list of BEST CRYPTO PRESALES!https://t.co/Ng4Su8wA0W
— GreenBitcoin (@GreenBTCtoken) February 27, 2024
A recent update to the project’s outlook indicates that the community might review the project’s hard cap. The details of the new hard cap and other essential tokenomics information are available on the Green Bitcoin wiki.
3. Solana (SOL)
The Solana rally is far from over after its recent momentary pullback. Solana started an aggressive rally in the last quarter of the previous year. However, it drifted into a significant pullback at the end of January before embarking on a progressive uptrend, establishing critical support. In the last seven days, SOL has recorded over 50% increase in price, with its current price at $134.
There are speculations that the rising token might surpass its ATH value, meaning that holders might have an additional 100% increase in the token’s price. In the early hours of today, SOL maintained a rally that pushed it into testing the resistance at $137, which it failed to break above.
It’s interesting to note that breaking above this resistance level translates to SOL rallying as high as $147 -$149 before encountering resistance. If it breaks above the resistance at the level, the token might be headed for the $190 – $200 range.
Nevertheless, does SOL have enough momentum to reach the highlighted level? The sentiment towards SOL across the market remains optimistic. Even the data from its charts shows that SOL has a high probability of breaking above its resistances. According to its charts, the RSI reading for both daily and weekly timeframes indicates that the token is overbought and might witness a pullback.
However, moving averages on the charts are considerably lower than their current price, which indicates that there’s still more room for an uptrend for the token. Holders can expect to see more value increase in the asset in the coming days.
4. Bittensor (TAO)
Will Bittensor cross the $1000 mark, as many have predicted? TAO, the open-source protocol that powers decentralized, blockchain–based machine learning network, is arguably one of the biggest gainers in this bull market. The asset recorded a price increase of over 650% in the last 90 days, putting the price above $690. In the early hours of today, the price of TAO climbed above $700 as it kicked into an uptrend along with other tokens in the market.
At present, TAO might be one of the next tokens to explode. The project boasts a massively supportive community and strong fundamentals. It taps into the merging crypto AI sector with solid use cases. Bittensor may have partnered with crucial AI players like NVIDIA.
5. Ocean Protocol (OCEAN)
With the right push from investors, OCEAN might surpass its ATH in this bull rally. The coin saw a rise in value after it unveiled its road map for the year. The focuses include the acceleration of Predictoor, an artificial intelligence bot on crypto price feeds. The platform claims its tool can provide 5m predictions for assets like $BTC, $ETH, $BNB, $XRP, $DOGE, $ADA, $SOL, $TRX, $LTC, and $DOT. It further claims that accountability and other essential features to enforce accuracy have already been worked into the design.
The decision to explore artificial intelligence has yielded positive results for the OCEAN, as the price is over 17% today. The release of its road map may have triggered the trend. It also has other initiatives that would result im more explosive future performance, for example, its Ocean Enterprise initiative.
Notwithstanding, OCEAN can experience momentary pullback as it approaches its ATH value. Hence, it is best to analyze the trend to determine the best buying time. Similarly, investors looking at the token should take a long-term perspective as its value might not unfold until much later in the year.
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