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The cryptocurrency market is still bumpy after the Bitcoin halving, with some coins struggling to bounce back. Bitcoin (BTC) is inching closer to $60,000, 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.
Institutional investors are now paying more attention to interoperability and tokenizing real-world assets. Prices of these assets are climbing, even before the market fully takes off. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token.
Next Cryptocurrency To Explode
Today’s highlights cover the cryptos worth watching. We’ll also discuss the 5th Scape, a VR gaming crypto project that enhances gaming with premium VR content. Details about its presale and the top-performing crypto of the day are shared below.
1. Helium (HNT)
Helium (HNT) is a decentralized blockchain network for Internet of Things (IoT) devices. The project runs a peer-to-peer wireless network that provides secure and affordable connectivity for IoT devices.
Despite the recent market downturn, the price of HNT has increased over the past five days. As of the time of writing, the altcoin had surged by 57% to $5.34.
The current uptrend suggests a potential breakout from the previous correction trend that lasted 10 weeks. If this breakout occurs, it will indicate an early signal of a reversal in the trend. This reversal will encourage buyers to challenge resistance levels at $6.43 to $7.61.
Last week, Helium’s price dropped below the 23.6% zone due to a bearish trend. Despite this, analysts believe the trend is temporary. Meanwhile, Helium has launched 5G Hotspots powered by 5G for faster speeds and less delay. These Hotspots produce HNT tokens to encourage owners to maintain and expand the network.
.@heliumfndn's COO @ScottSigel spoke with @_bessieLiu @blockworks_ about DePIN and how the @helium community is out in the world solving real connectivity problems.
🗞️Read in the news: https://t.co/Ypt4VK2jKG https://t.co/FlXiTpVY6j
— Helium🎈 (@helium) April 25, 2024
HNT token holders can also stake them to run validator nodes to boost network security and governance. If everything goes as expected and the market stays bullish, Helium could be one of the next cryptocurrencies to explode.
2. Lido DAO (LDO)
Lido DAO (LDO) experienced significant growth over the weekend and still holds onto some gains. Currently priced at around $2.13, it has risen by nearly 2.5%, with buyers striving to maintain the gains achieved as the token reached $2.21. If the upward trend continues, LDO/USD could target a retest of the $2.50 mark.
Lido DAO is a decentralized autonomous organization (DAO) that offers staking infrastructure across various blockchain networks. Its primary service allows users to stake Ethereum, receiving stETH tokens in return, representing their staked ETH and the rewards earned.
Lido DAO prioritizes security through decentralized governance, audited code, and smart contracts based on Ethereum. These measures facilitate the process of user deposits and the distribution of rewards.
Lido DAO also aims to make staking accessible by combining ETH from various users. This removes the requirement for specialized knowledge or a minimum staking amount of 32 ETH. Through Lido Liquid Staking V2, users can participate in more effective and flexible staking for Ethereum 2.0.
Want to get involved? Check out the form below if interested 👇https://t.co/V1R1G8iOBu
Another Lido & @SSV_Network testnet is scheduled for May/early June. All solo stakers/community stakers/professional node operators with experience running an SSV operator are encouraged to…
— Lido (@LidoFinance) April 26, 2024
An important feature is its “Liquid Staking” approach, which allows users to swap ETH for stETH tokens. This increases liquidity and enables involvement in LSDFi protocols.
Despite experiencing 40% positive trading days in the last month, LDO’s volatility over 30 days remains low at 15%. Alongside stability, the crypto maintains high liquidity. These factors indicate strong trading activity and investor interest.
3. 5th Scape (5SCAPE)
5th Scape is an original VR gaming platform that aims to change how users engage with virtual worlds by mixing creativity with fun.
So far, 5th Scape has garnered $5,679,816, indicating a lot of interest from investors. The coin’s initial listing price is $0.00327, with the potential to increase by 365.12%. Investors might want to consider seizing the current price opportunity before it escalates further.
Studies suggest that profits in the VR sector will surge to new heights. Given the advancements planned by 5th Scape, it could become one of the leading cryptocurrencies to see significant expansion.
Additionally, the increasing desire for immersive experiences and advancements in VR technology will drive this expansion. As a result, analysts and experts predict that users will exceed 6,887 million by 2030, marking a substantial rise of 104.9%.
🌟 Unlock new dimensions with 5th Scape! Dive into adrenaline-pumping battles, precision archery, and high-speed racing—all within the limitless virtual realm. Holding 5SCAPE tokens unlocks exclusive benefits like free games, discounts, and seamless in-world transactions.
The… pic.twitter.com/LNO30KXRPW— 5th Scape (@5th_scape) April 20, 2024
The 5SCAPE token allows users to access premium VR content and improve gaming experiences. This special digital currency enables unique game features and strengthens connections within the platform community. By doing this, 5th Scape positions itself for growth in VR and could be among the next cryptos to explode.
4. Ethena (ENA)
Ethena (ENA) is still in the spotlight thanks to its synthetic dollar system. The upcoming week is crucial for ENA because planned token unlocks could cause big price swings.
Around $46 million worth of ENA tokens, making up 3.76% of the total supply will become available. This news has led to speculation and reminders of past issues with crypto projects like Terra, making people curious about the market’s response.
Ethena Labs recently partnered with Binance, Bybit, OKX, and Bitget Wallets. Now, users can store Ethena’s stablecoin, USDe, in these wallets. Additionally, Ethena offers a 20% bonus to customers who stake USDe using these wallets.
Ethena x Pendle Season continues ~
New sUSDe pool (25 July 2024 maturity) with 20x Sats/day 𝙥𝙡𝙪𝙨 USDe staking yield 👀
LPs in the soon-to-mature sUSDe pool (25 April 2024) now have the chance to rollover your yield streak to earn more Sats at an even higher rate 👇🏻 pic.twitter.com/83lfBNtLlp
— Pendle (@pendle_fi) April 24, 2024
Experts believe this collaboration will simplify staking for ENA users and attract more stakers, increasing activity on the ENA network. However, since the announcement, ENA has seen a 36% decrease due to market volatility caused by tensions in the Middle East. Despite this, analysts predict ENA could rise to $4.81 as more people stake USDe for the generous rewards.
5. Sei (SEI)
The price of Sei coins went up by 4.82% in the past day. Its price has fluctuated recently, indicating it’s experiencing both rises and falls, showing alternating impulsive and corrective movements.
Developing apps on Sei could greatly improve with the introduction of Orand, a Verifiable Random Function technology from the Orochi network. Orand will use Sei’s technology to offer faster speed, lower fees, and fair randomness generation for gaming apps. It will also use Orochi Oracle to provide data for Sei’s dApps.
For Sei, reaching $0.75 could result in further increases since it’s the next resistance level; going beyond it could aim for $0.88. Conversely, if it drops, support at $0.47 is crucial, with stronger support at $0.33. Short-term averages around $0.61 suggest stability and an RSI near 57 indicates balanced buying and selling.
Sei is revolutionizing digital asset management with various innovative products tailored to meet the changing needs of investors and businesses. From managing bitcoin portfolios to tokenized assets, Sei’s approach simplifies processes, reduces complexity, and enhances accessibility for investors of all levels.
The Sei ecosystem never sleeps—always developing, delivering, and driving the community forward.
Jump into the latest updates that are shaping the future of Sei 👇 🧵 pic.twitter.com/L8rXtlgXw6
— Sei 🔴💨 (@SeiNetwork) April 26, 2024
Moreover, Sei’s integration of Binance Pay into its ecosystem could further boost its real-world usage. This allows users to make payments using SEI conveniently.
Experts suggest that Sei’s increased functionality might drive up its token value by 37.71% to $0.8903, making it a promising cryptocurrency investment option.
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