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Next Cryptocurrency to Explode Friday, May 31 — Ordinals, Beam, Terra, Arweave

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The altcoin market looks bullish, and many altcoins are recording significant gains. Bitcoin (BTC) is still struggling to return to $70,000, hoping to find support for its next big move. Investors need to stay alert during this consolidation phase as it could be a chance to catch a ride on a rising trend.

Prices of these various assets are climbing, even before the market takes off entirely. That is why today’s article is dedicated to identifying the next cryptocurrencies to explode and inform investors and traders about each token.

Next Cryptocurrency To Explode

Smart investors are moving to capitalize on the boom in the altcoin market. At the same time, they are taking a position in upcoming tokens like the Dogeverse. The project enables investors to explore different chains to find the most lucrative decentralized yield-generating opportunities. This post covers the details of its presale.

1. Ordinals (ORDI)

Some altcoins showed bearish trends in the past 24 hours, while others took a bullish turn. Among the latter, ORDI stood out, climbing 18.20% and reaching $50.24. This marked a two-month high, as it bounced back from a three-day low of $41. By reaching $51, ORDI aims to recover losses from the mid-April crash.

Even with the broader market recovery, overhead resistance limits gains, causing reduced volatility. The ongoing rally is encountering resistance at $43, which aligns with the 50% Fibonacci level.

ORDI Price Chart

The rejection of higher prices at the overhead resistance trendline indicates a potential triangle pattern forming. If the price breaks above the resistance trendline and the 50% Fibonacci level at $43, it could suggest a continuation of the bullish trend. If this breakout happens, the next target based on Fibonacci retracement levels would be the 78.20% level at $64.

2. Dogeverse (DOGEVERSE)

Dogeverse is an upcoming meme coin that’s set to make waves. With only three days remaining to purchase before it hits exchanges, the presale for Multichain Dogeverse ends on June 3, 2024, at 10 a.m. UTC. Token claiming follows on June 5, 10 a.m. UTC.

Within two months, Dogeverse has garnered over $15 million, making it a major player in this year’s presale market. It is anticipated to soar when it hits decentralized exchanges (DEXs). Time is of the essence for potential buyers looking to capitalize on the current low prices.

$DOGEVERSE stands out as the first six-header multichain meme coin. Its presale is active across Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base, offering unmatched accessibility.

Given Ethereum’s prominence in the industry, it’s a logical choice for Dogeverse. Notably, 85% of its token sales have occurred on Ethereum. However, Dogeverse aims higher, extending its reach to Solana, which is currently a top choice for meme coin launches due to its cost advantages over Ethereum.

Additionally, Dogeverse offers passive income through staking for presale contributors. Stakers can earn up to 44% annually over two years, helping to mitigate potential selling pressure upon listing. Staking requires holding tokens for seven days from the decentralized exchange listing date.

Visit the Dogeverse Presale Now

3. Beam (BEAM)

South Korea’s largest cryptocurrency exchange, Upbit, recently added Beam (BEAM) to its listings. This led to a significant increase in trading volumes. The announcement had a major impact on the market, attracting much interest from investors and traders.

Upbit is known for its large user base and extensive market reach. The listing has made BEAM more visible and accessible. Consequently, the demand for BEAM surged, pushing its price up by as much as 25%. Upbit’s decision to include BEAM shows growing confidence in the asset’s potential and is a critical moment in its market journey.

BEAM Price Chart

The listing on Upbit has greatly influenced Beam’s market performance. Shortly after the announcement, BEAM’s price increased by 26%. Currently, BEAM is trading 21.65% higher at $0.3361 and has a market capitalization of $1.6 million.

The $BEAM token is crucial for activities within the Beam network. It acts as the main currency for transactions, including asset transfers and interactions with smart contracts. These features are essential to providing a smooth and engaging gaming experience. By supporting these functions, the $BEAM token significantly enhances the ecosystem’s value, increasing the utility and attractiveness of the Beam network.

In the past week, BEAM’s price has jumped by 25.06%. Trading for Beam on Upbit will be available from 18:00 to 19:00 KST on May 31. The open interest for BEAM has grown by over 40%, reaching a valuation of $30 million. The Relative Strength Index (RSI) is 71.99, indicating a bullish trend.

4. Terra (LUNA)

After a long period of not much happening, investors started showing more interest in LUNA on May 30, 2024. This increase in interest happened shortly after Terraform Labs and Do Kwon agreed to settle a fraud case with the United States Securities and Exchange Commission (SEC). During European business hours today, Terra’s price was $0.678, 14.82% higher than 24 hours ago and 14.76% higher than seven days ago.

For the past 46 days, the price of LUNA stayed pretty much the same until it suddenly shot up by 43%. This increase happened after the token, worth $511 million in market cap, experienced a death cross on April 5, 2024, leading to its price decreasing for a while. 

Terra Price Chart

However, recent developments with Terra tell a different story. According to the charts, the 50-day simple moving average (SMA) is about to cross above the 200-day SMA. This is called a golden cross, which signals that the price might go up.

After initially rising, LUNA returned to the top of the range in a classic ‘breakout and retest’ pattern. LUNA’s price is expected to increase again, possibly facing resistance at $0.7, $0.75, and $0.83.

After the SEC accused Terraform Labs and Do Kwon of fraud, they agreed to settle the case, canceling all upcoming court appearances. This was seen as good news by the Terra community, and LUNA’s price surged aggressively. As a result, some crypto analysts, like Eric Cryptoman, predict that LUNA could reach $2 soon.

5. Arweave (AR)

Arweave’s movements are sending mixed messages. There are positive signs, with Arweave showing strength and bouncing back from its recent decline. This suggests that there is active support for its price. Additionally, increasing trading activity and users’ attraction to Arweave’s unique solutions push its price higher.

In the last 24 hours, Arweave’s price has risen by 15.59% to $44.00. Over the past week, it has increased by 8.87%, starting from $41.13. Currently, its all-time high is $89.24.

Arweave Price Chart

Arweave AO recently shared its plan to create AO tokens on the X platform. It’s committed to fairness and will issue tokens using a 100% fair method. Each AO token will be made through transactions across chains involving AR holdings or building activities to ensure fair distribution.

Twenty-one million AO tokens will be made, with a unique halving cycle every four years. This model aims to keep the token’s value stable and encourage sustainable growth in the ecosystem.

The news has sparked excitement in the blockchain community. Fair token issuance methods are praised for giving everyone a fair chance to get tokens, preventing early adopters from dominating the supply. It ensures new participants have an equal opportunity to get AO tokens.

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