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As May began, Bitcoin prices fell to their lowest in over two months. It dropped to just above $56,500 before rising again, but it faced difficulty reaching the crucial $60k mark.
Meanwhile, investors have been closely watching the Federal Reserve. After a meeting on Wednesday, the Fed chose to keep interest rates unchanged, grabbing the attention of many. Moreover, investors are still looking to identify the next cryptocurrencies to explode as most funds are attracted to pumping assets.
Next Cryptocurrency To Explode
Crypto investors and traders are moving to boost their profits or seize new opportunities. Some analysts suggest that the next big cryptocurrencies might be found among upcoming projects. Keeping this in view, it’s worth checking out Mega Dice. The Mega Dice presale has been remarkably successful so far. The project has achieved a substantial funding milestone that demonstrates a strong demand for its token. Below, we’ll look at updates on the project and its future.
1. Ondo (ONDO)
Ondo employs blockchain tech to make top-notch financial services available to more people. It works on turning tangible assets into digital tokens and builds financial rules using these tokens. Ondo collaborates with key online service providers to provide users with essential services like handling money and safekeeping assets.
Despite today’s bearish market, ONDO stands steady at $0.7898, rising by 6.28% in one day. Additionally, it holds the top spot among projects dealing with real-world assets based on market value. This sets it up nicely for possible growth in this area.
📣@OrderlyNetwork listed ONDO futures 📣 https://t.co/20BDTaPGvf
— Ondo Foundation (@OndoFoundation) April 30, 2024
Ondo Finance’s price prediction is optimistic. Nonetheless, the Fear & Greed Index sits at 48, indicating investors are being careful. The coin might find it challenging to surpass $1.24, but if it does, it could aim for $1.63.
On the flip side, a price drop could test support levels at $0.47 or even lower at $0.09. The path of ONDO’s price will depend on overall market trends and how investors feel, so stakeholders should stay attentive and ready to adjust their strategies.
2. Toncoin (TON)
Toncoin (TON) introduces a fresh blockchain system that supports decentralized apps and smart contracts, emphasizing speed and scalability. It aims to remove obstacles in previous blockchain platforms and envision a future where digital transactions flow effortlessly and are accessible to everyone.
Toncoin’s (TON) progress has been impressive. The number of Toncoin (TON) wallets has soared to 16,800, outpacing BTC’s growth rate. Additionally, TON has experienced a remarkable 110% increase in non-zero wallets over the past six months, placing it at the forefront of percentage growth in this time frame.
Many alternative cryptocurrencies faced challenges earlier this week but have grown remarkably. For instance, Toncoin has experienced significant gains, almost doubling its value. It now stands at over $5.3.
Additionally, Pantera Capital’s investment in TON has contributed to a 12% rise in Toncoin’s value. This investment aims to capitalize on TON’s integration with Telegram’s large user base.
🤝 @ArkhamIntel has joined forces with #TON!
Soon, 900M @telegram users will be able to access Arkham data seamlessly through a Telegram Mini App. Arkham will also include TON support on their platform! 💎
Learn more ⬇️ https://t.co/j1WqvMEbN4
— TON 💎 (@ton_blockchain) May 2, 2024
Pantera Capital recently disclosed its inaugural investment in The Open Network (TON) through an official blog post-dated May 2. Although the investment amount remains undisclosed, the firm’s excitement about TON is evident. This excitement stems from TON’s extensive use of the Telegram platform, indicating its promising future.
3. Floki (FLOKI)
Floki is a digital currency inspired by memes powered by a dedicated group of fans and developers. This coin symbolizes the unpredictable nature of cryptocurrency, drawing both supporters and critics.
In March 2024, Floki gained attention by starting the day with an 11% rise, reaching $0.0001703. Over the past year, Floki has surged by 431%, surpassing many other cryptocurrencies. However, its price fell by 7% in the last week.
The increase in Floki’s price pushed its market cap to $1.6 billion, showcasing the growing popularity of meme coins. Unlike its rivals, Floki experienced a 1% increase in its 24-hour trading volume, surpassing $208 million, indicating sustained investor interest.
$FLOKI is currently the top trending cryptocurrency according to the industry's leading crypto social analytics platform @LunarCrush.#FLOKI is trending above $PEPE, $DOGE, $JUP, and $AZERO. https://t.co/PwzHfrO02V
— FLOKI (@RealFlokiInu) May 2, 2024
As of the time of writing, FLOKI’s price stood at $0.0001664. If this trend persists, FLOKI could reach resistance levels at $0.00012971 and $0.00002532. According to Fibonacci levels, a breakout rally might push the meme coin towards challenging the $0.00030 peak, potentially leading to a 2x surge in May.
If market momentum and investor sentiment remain positive, FLOKI may reach $0.00005. Additionally, with future upgrades in the FLOKI ecosystem, it could surpass its current all-time high (ATH) of $0.0003437 and set a new record.
4. Mega Dice (DICE)
Mega Dice, an established casino, has raised over $700,000 in its presale for the new $DICE token, which aims to transform GameFi. This token rewards current users and attracts new ones, playing a crucial role in Mega Dice’s gamification plan. Remarkably, Mega Dice plans to become the pioneer in crypto casinos, offering daily rewards based on platform performance.
Solana’s recent blockchain ventures are gaining notice. Among them is Mega Dice (DICE), a gaming and gambling token that has swiftly gained popularity since its presale commenced. In less than two weeks, Mega Dice has raised over $700,000, indicating significant interest in this novel concept.
The Mega Dice presale has been remarkably successful thus far. The project has achieved a substantial funding milestone, demonstrating a strong demand for its token. Due to their accessibility and limited availability, people are keen to acquire $DICE tokens.
At present, each $DICE token is priced at $0.069. Those interested can link their wallets and swap SOL, ETH, or BNB for $DICE tokens. Mega Dice has issued 420,000,000 $DICE tokens, with 35% available in the presale.
— Mega Dice Casino (@megadice) May 3, 2024
Additionally, they have allocated 15% for player airdrops, 15% for liquidity pools, and 15% for the Casino’s $DICE pool. Another 10% will serve as rewards for token stakers, and the remaining 10% is earmarked for marketing and other agreements.
Mega Dice ensures that the presale is inclusive. Post-presale, they aim to list $DICE tokens on decentralized exchanges (DEXs), potentially enhancing their popularity.
5. Arweave (AR)
Amid market ups and downs, Arweave (AR) has shown its potential with a notable increase in value over the last day. Its price jumped 18% on CoinMarketCap, making it the leading coin among CMC’s top 100. Now trading above $34, AR’s value keeps rising, giving confidence to investors.
The Arweave Ecosystem team recently introduced an innovative feature on their X account. ArweaveEco is now active on HackMD, letting users permanently decentralize their documents. This means documents stay accessible to all while staying unchangeable, which interests cryptocurrency fans.
Arweave’s price went up by 20% compared to Bitcoin in the past 24 hours. Despite a downward trend earlier, AR showed a strong upward turn, suggesting more people are buying. The 50-day Exponential Moving Average (EMA), a tool for spotting trends, indicates a positive outlook for the altcoin this week.
For almost 6 years, Arweave has been a permanent data layer.
Now, Arweave also = state layer. Arweave + @aoTheComputer revolutionizes scalable, decentralized compute.
Plus with the ability to execute WASM code, too. Bring your language, augment your outcomes.
NFA.
— Only Arweave (@onlyarweave) May 1, 2024
Moreover, the MACD shows a consistently green histogram, signaling a solid upward movement. The Relative Strength Index just crossed the neutral 50-point mark. If the market stays above $33.50, buyers might aim for resistance levels at $38.00 and then $48.00. These levels are important because they could slow or reverse the upward trend.
AR is still catching the eye of investors. In response to Bitcoin’s recovery, AR surged 23% in 24 hours, claiming the top spot. If Bitcoin stabilizes above $60,000, AR’s movements might get stronger.
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