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Earning significant ROI in a bull market could mean paying attention to the major cryptocurrencies and Altcoins with explosive potential. However, identifying the next cryptocurrencies to explode might be a bit challenging as most funds are attracted to pumping assets.
Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future.
Next Cryptocurrency To Explode
It’s that time in the market when investors and traders take a position to either edge their gains or capitalize on emerging trends. Experts believe investors have a better chance of finding the next cryptocurrencies to explode among upcoming crypto projects. With that in mind, investors should explore the potential of Mega Dice. The project is launching a decentralized exchange (DEX) with a $2.25 million airdrop across three seasons and various incentives. Updates on the project and its prospects are shared below.
1. Litecoin (LTC)
Litecoin’s recent performance suggests it could be on the rise, and this bullish sentiment is drawing attention from hopeful traders and investors. With a recent surge of 15%, market experts are talking about the possibility of it surpassing the $122 resistance level and reaching $150.
While some critics have been pessimistic about Litecoin over the last decade, one analyst argues that Litecoin’s long-term potential is overlooked. They believe Litecoin could hit a significant low relative to Bitcoin within the next few decades. This analyst also predicts its growth will accelerate as institutions and exchange-traded funds (ETFs) start including Litecoin.
Despite some seeing Litecoin as outdated and slow, the analyst points out that Bitcoin shares similar traits, and both coins complement each other. They predict that during this market cycle, more big players will adopt the idea of Litecoin as “silver” to Bitcoin’s “gold.” All in all, Litecoin is a sensible, low-risk investment with solid fundamentals.
The positive outlook is backed by Litecoin miners, who are increasing their cryptocurrency holdings. This reduces selling pressure, which could lead to a bullish market.
The Litecoin network just processed its 240 millionth transaction! Adding a record breaking 34 million transactions so far in 2024!! #Litecoin ⚡️ $LTC pic.twitter.com/w0UJIlVCfC
— Litecoin (@litecoin) April 23, 2024
Litecoin has recovered to about $85 and might continue moving sideways for now. However, it hasn’t experienced a significant surge in years, and 2024 could mark a potential upturn in its price.
Despite being somewhat dull, Litecoin is still valued for its predictability and reliability. It has many long-term holders and is anticipated to experience a major breakout. Currently, though, it’s not showing much activity in the short term. Its rallies are brief, earning it the nickname of a “chicken” that only flies briefly.
2. SSV Network (SSV)
The SSV Network represents the initial public use of the SSV primitive. It began as a study conducted by the Ethereum Foundation in 2019. It has evolved into a network governed by a DAO and powered by contributions from stakers, developers, and node operators.
Currently, $SSV is showing impressive progress. It has solidified its position at $38 and is aiming for the next milestone of $64. This advancement is driven by a notable increase in trading volume. Moreover, the optimistic outlook for Bitcoin also supports this upward trend.
As a staker, it is imperative to pick high-performing operators for your validators.
In a permissionless protocol like SSV, it is no easy task
SSV's Verified Operator Program makes this selection easy, and is now accepting applications!
Do you have what it takes to become one? https://t.co/g6aIPbK1th pic.twitter.com/MX5JlyyaBx
— SSV Network (@ssv_network) April 22, 2024
Today, the SSV token is valued at $44.99. In the past day, EOS has also gone up by 3.14%. This increase is noteworthy because the SSV Network is trading well above its 200-day Simple Moving Average (SMA), which is $18.98. Moreover, the token’s market cap indicates strong liquidity.
The market sentiment towards EOS is bullish, with the Fear & Greed Index at 67 (Greed). This suggests increased token transactions and optimism about a potential upward trend, sparking enthusiasm and anticipation.
3. Mega Dice (DICE)
Mega Dice is becoming well-known as a fast-growing crypto casino. With more than 50,000 active players and monthly earnings of over $50 million, it’s gaining popularity. The platform offers over 4,000 games and a sportsbook with many options.
Recently, they started a presale for their token, $DICE, on the SOL blockchain. In just a few hours, it raised over $300,000. The current price stands at $0.069, showing strong demand.
Mega Dice plans to change the platform by giving users daily rewards based on the casino’s performance. To engage the community, they use various strategies, like airdrops to $SOL whales. This has sped up the presale process. The presale allocation is 35% of the total supply of 420 million $DICE tokens, with other allocations for different purposes.
After its presale, Mega Dice is preparing to launch its decentralized exchange (DEX). They encourage early investors to grab tokens at good prices. Moreover, an airdrop totaling $2.25 million will be spread over three seasons, with $750,000 each season. Players must bet $5000 or more by May 3 to join the first season. Each participant can win up to $37,500 in the airdrop.
https://twitter.com/megadice/status/1782421088003039528
Mega Dice will also bring exciting offers like early bird bonuses, special NFTs, and a referral program. Referrers can earn 10% of the initial investment of gamers they recommend. Those looking out for the next crypto to explode should keep an eye on $DICE.
4. Tron (TRX)
Recent data indicates that Tron (TRX) performed impressively in the first quarter of 2024 despite facing tough competition from other layer-one networks. One notable achievement for Tron was its success in the DeFi sector.
During Q1, the Total Value Locked (TVL) on TRON exceeded $10.1 billion, marking a 25% increase from the previous quarter’s $8.1 billion. By the end of Q1, TRON maintained its position as the second-highest network by TVL, with a lead of nearly $3 billion over BNB Chain, which stood at $7.2 billion.
Moreover, TVL denominated in TRX also saw a quarterly rise, increasing by 8% from 76.4 billion to 82.5 billion. This growth underscores TRON’s ongoing dominance and resilience in the DeFi landscape.
#TRON Q1 2024 Performance Review
📈 TRON's market cap soars 15%, marking another quarter of consistent growth.
🛠️Protocol revenue hits record $128.1M, ranking in the top 3 among all #blockchain networks.
More from @MessariCrypto ➡️https://t.co/2Fn42dlqgh pic.twitter.com/NlApIabmN0
— TRON DAO (@trondao) April 25, 2024
The Tron price analysis for April 27, 2024, shows a solid upward trend for the day. This bullish movement has been consistent over the past few weeks, with buying activity increasing. In the last 24 hours, the coin’s value has risen to $0.1197 due to bullish momentum.
The one-day Tron price analysis predicts further bullish movement in the market. Over the last two weeks, there has been significant price growth, indicating a notable recovery for the cryptocurrency.
5. Neo (NEO)
Neo (NEO) has demonstrated strong resilience amid market fluctuations, notably showing a recent upward trend. This rise follows positive market signs and a solid performance compared to overall market trends, indicating a strong recovery phase. Despite its smaller market cap, Neo (NEO) has achieved impressive growth despite being vulnerable to sudden price swings.
In terms of technical analysis, Neo (NEO) shows potential for gains as its price approaches the $23 threshold. A promising MACD indicator also suggests a bullish crossover, further supporting this upward trend.
Neo (NEO) has a promising future if the market stays bullish. Its good Sharpe Ratio suggests it might get more investments, which could raise its price. But if it can’t pass the $20 mark, Neo (NEO) might drop, making it hard to maintain its upward momentum.
Neo X Beta TestNet has been launched! 🎉
New features include:
⚖️ Governance: Consensus node election & reward distribution.
🔁 Bridge from Neo X to Neo N3.Read the article to learn more, including how $GAS will be used for governance on Neo X.https://t.co/A7EdBazIyN
— Neo Smart Economy (@Neo_Blockchain) April 22, 2024
Also, the Neo crypto price recently returned to the 50-day EMA point and dropped a few times in the last few weeks. Additionally, the trend is neither up nor down, and buyers want a quick comeback soon.
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