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Since the arrival of initial investors in the market, crypto market trends have fluctuated between narratives. Earlier in the year, the AI and DePIN narrative propelled the top-performing cryptocurrencies.
However, BlackRock’s involvement in the real-world asset tokenization sector is gradually opening the door to a new narrative that might dominate the year’s second quarter. Moreover, the growing interest of retail investors in altcoins and meme coins might also influence the trend of the next cryptocurrencies to explode in the coming months.
Upcoming Cryptos to Explode
GORILLA stands out in the meme coin space with features like an IDO Launchpad and NFT integration. It presents an intriguing opportunity for investors with a bullish trend in recent trading and a current price of $0.005547.
Cardano (ADA) also has great potential despite recent price drops, with the MVRV Ratio indicating potential for significant growth. ADA’s emphasis on decentralization and historical performance post-Bitcoin halving events further solidifies its position as a noteworthy asset. Today’s article spotlights projects with explosive potential and shares details investors should consider.
1. Gorilla (GORILLA)
Unlike its counterparts, GORILLA doesn’t just offer fleeting excitement. With features such as an IDO Launchpad providing early backers with a strategic advantage and a DEX swap boasting intelligent functionalities for enhanced trading experiences, GORILLA stands out in the crowded meme coin space.
Moreover, GORILLA sets itself apart with NFTs. This also makes the token a contender against established giants like the “Bored Ape Yacht Club.” It contributes to the evolution of meme tokens by combining widespread appeal with substantive value.
The daily chart shows that the bears were in control for most of March and April. But since yesterday evening, the market has been looking bullish. The Gorilla price recently exceeded the monthly low value, resulting in a trend shift towards the bullish side. The bulls gain hold, and the price could continue increasing toward higher levels.
Big things are coming to Gorilla… 👀
👑 🦍 #kingofthejungle pic.twitter.com/5p0yLMjIqX
— gorillatokenio (@gorillatokenio) April 5, 2024
Presently, the live GORILLA price stands at $0.005547, accompanied by a robust 24-hour trading volume of $4,808,678, marking a remarkable uptick of 32.65%. GORILLA occupies the #1314 position on CoinMarketCap, boasting a live market capitalization of $4,653,846.
Some pessimistic views assume that the price will drop to $0.002 if selling pressure continues to drag it down. However, based on this recent increase to $0.0055, the most favorable view suggests that the Gorilla price may surpass $0.0080, indicating an upside potential of 45.45%.
2. Cardano (ADA)
Many experts suggest that now might be a good time to invest in Cardano despite recent decline in price. This optimism is based on the Market Value to Realized Value (MVRV) Ratio.
Cardano’s MVRV Ratio recently fell below 22%, a first since June 2023. Historical data indicates that ADA went up 75% within about a month the last time such a drop occurred. If history repeats, ADA could reach around $0.80 and maybe even surpass its all-time high of $2.
Analysts and investors hold positive views due to ADA’s oversold status in the market. The crypto is also on track to surpass its third resistance level at $0.489874 after exceeding the first at $0.466449.
Moreover, Bitcoin halving events have historically led to notable price surges for altcoins like Cardano. After the 2020 halving, the influx of liquidity into the market due to Bitcoin’s price rise positively impacted ADA. The token soared from $0.05 to $3.10 by September 2021, which was an impressive 6,100% increase.
With #Cardano's self-Governance era approaching, it's important that ada holders understand protocol parameters and their impact on the protocol's future.
Check out this deep dive on Cardano Governance by @Hornan7 ⤵️ https://t.co/wv66GE7FmH
— Cardano Community (@Cardano) April 18, 2024
If Cardano follows a similar growth trajectory after the current Bitcoin halving, we can expect it to do even better than it did in 2020. With ADA currently trading around $0.48, it could surge to $27 if it experiences a comparable 6,100% jump.
Moreover, Cardano’s emphasis on decentralization and ongoing development efforts add to its price momentum. If Bitcoin’s post-2020 halving success is any indication, ADA could achieve similar or even greater gains.
3. Ripple (XRP)
The cost of XRP has increased significantly lately, making investors hopeful. This rise happened around the same time as Bitcoin’s fourth block reward halving, which also caused other digital currencies to go up. So, people are paying more attention to XRP, thinking it might go up even more.
Enthusiasts and investors are talking a lot about Ripple possibly going public. Even though we don’t know when exactly this might happen, many think it could really change XRP’s price. Ripple’s CEO, Brad Garlinghouse, has mentioned that an IPO might be on the cards.
A cryptocurrency expert has made optimistic predictions for XRP based on Fibonacci levels, suggesting high target prices. These predictions coincide with XRP being in a support zone similar to its past market cycles. The targets of $1.272, $1.414, and $1.618 have stirred talks among investors, with some thinking XRP might surpass $1.2 soon.
There’s been a rise in Open Interest in XRP derivatives, hinting at anticipation of a big price move. This rise, reaching $529.98 million, shows investors gearing up for significant market changes. More market activity signals investor confidence and hints at possible market shifts.
1/ The stablecoin market is booming – around $150B today, and projected to soar past $2.8T by 2028. There's a clear demand for trust, stability, and utility.
That's why later this year we’re launching a stablecoin pegged 1:1 to the USD on the XRP Ledger and Ethereum.…
— Ripple (@Ripple) April 4, 2024
As of the time of writing, XRP is priced at $0.5173, up by 3.12% in the last 24 hours. However, its trading volume has dropped by 30.46% during the same period. This contrast between rising prices and falling trading volumes is intriguing and should be closely watched by investors and strategists.
4. eTukTuk (TUK)
eTukTuk is reaching a big milestone in its presale, gathering over $3 million. They aim to boost sustainable transportation globally. The main goal is to help developing countries by offering electric vehicles (EVs) and charging stations.
Additionally, eTukTuk has partnered with key organizations to support its mission. These collaborations put eTukTuk in a good position to promote sustainable transportation, where tuk-tuks are vital for daily travel and trade.
The presale target for eTukTuk is $10.7 million. They’ve planned their token distribution, with 21.5% set aside for staking rewards and encouraging long-term investment. Liquidity gets 7%, and 9.75% is allocated for the presale, ensuring a balanced distribution.
1/ Introducing the versatility of the $TUK Token:
Discover the myriad utilities and benefits that the $TUK token brings to the eTukTuk ecosystem. pic.twitter.com/MHwoibCfM8
— eTukTuk (@eTukTukio) April 15, 2024
Moreover, eTukTuk intends to list their token TUK on exchanges post-presale. This move aims to make it easier for investors to buy and sell, showing their dedication to real-time green initiatives powered by advanced technology.
As eTukTuk gains momentum, its blend of sustainable solutions and innovative tech makes it appealing to investors seeking environmental and financial gains.
5. Arweave (AR)
Arweave is a decentralized platform for permanent data storage that has seen considerable growth in the crypto industry since its launch. Its native coin, AR Coin, delivered impressive returns to early investors in 2021, reaching an all-time high. The platform has gained widespread acceptance within the community, with numerous use cases.
With a clear roadmap for the future, the Arweave project is actively developing new initiatives, making AR Coin a promising long-term investment. Listed on major crypto exchanges like Binance, Gate.io, and Coinbase, the Arweave network has garnered positive attention from investors.
Should the market maintain support above $24.675, AR’s price is expected to rise, potentially testing $45. Some experts even predict a maximum price of $68.16 for Arweave (AR) by the end of 2024. Assuming market stability and bullish trends, the average trading price of AR could reach $63.58 by 2024.
RP @Weavers_Org:
$10,000 IN BOUNTIES AVAILABLE ‼️
Which @aoTheComputer Bounty will you choose? Creative or technical? BOTH?
Bounty details here: https://t.co/gfSPDwpDG4 pic.twitter.com/DO6TH0OUNk
— Arweave Ecosystem (@ArweaveEco) April 18, 2024
However, if the crypto market experiences a significant downturn, the minimum price of AR coins could drop to $57.66 by 2024. Conversely, continued bullish performance may lead to a substantial price increase for AR Coin in the latter half of the year.
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