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While Bitcoin and many other cryptocurrencies are experiencing price volatility, some altcoins are experiencing bullish trends, boasting significant increases. Meanwhile, other cryptocurrencies also show signs of readiness to surpass crucial resistance levels.
Many altcoins, like Stacks, JasmyCoin, and Centrifuge, are experiencing a bullish trend. Based on the market data from these cryptocurrencies, some have posted gains in the same period, and higher gains are likely. It’s becoming evident that some of these tokens will become the next cryptocurrencies to explode.
Next Cryptocurrency To Explode
Many investors will be moving to seize new opportunities in the current market. Analysts are highlighting the potential of upcoming projects, and one example worth checking out is WienerAI. The project aims to merge AI and crypto trading to create a powerful, user-friendly trading platform. Below, we’ll look at updates on the project and its future.
1. zkSync (ZK)
The price of zkSync (ZK) is now trading between 14 and 19 cents. Despite a recent dip, the coin has surged by 23.15% in the past week over the last six months. The bulls are striving to break the nearest resistance at 20 cents. If successful, the next target is 23 cents, indicating a potential rise of nearly thirty percent from the current range.
With crucial support around 12 and 9 cents, these levels could come into play if the bears take control. The battle between bulls and bears has kept the price in a tight range, but a breakout could signal another growth phase for ZK.
Support levels at 12 cents provide a safety net for maintaining the price below 20 cents. If the bulls regain control and break the 20 cents resistance, ZK can aim for 23 cents, representing nearly a 30% increase. The Simple Moving Averages of 17 cents (10 days) and 16 cents (100 days), along with an RSI of 47.85, suggest the coin might be undervalued and ready for a jump. With proper momentum, zkSync could easily breach its nearest resistance levels.
With every new ZK chain, the Elastic Chain grows stronger. It's all about cooperation, not competition. Fast interoperability between ZK chains means gamers on @zkCandyHQ’s L2 can share gaming assets across all ZK Chains, creating a shared community experience. https://t.co/ML3vCecZfz
— ZKsync (∎, ∆) (@zksync) July 10, 2024
zkSync is one of Ethereum’s promising layer-2 scaling solutions. It’s the first zkEVM to launch a mainnet, and investors are eager to capitalize on its first-mover advantages ahead of the next bull run. zkSync, launched in 2020, has had about four years to upgrade and improve its product.
Developments in those years include EVM compatibility, smart contract support, and programming language support for Solidity, Rust, Yul, and Vyper. The unique zkSync solution uses zk-Rollups, a type of zero-knowledge proof that aggregates multiple transactions into one, processes them off-chain, and verifies them on Ethereum. Experts expect a price rebound for the coin soon, making it a potential gainer toward the next bull run.
2. Core (CORE)
Core is Solana’s main liquidity aggregator, making token trading easy. Core (CORE) is a decentralized blockchain platform that provides scalable and secure solutions for various applications. The CORE network emphasizes interoperability, enabling seamless interaction between blockchains and integrating multiple decentralized applications (dApps). CORE uses innovative consensus mechanisms and architectures to overcome current blockchain limitations like scalability, speed, and cost.
CORE uses a hybrid consensus mechanism that combines Proof of Stake (PoS) with other advanced technologies. This ensures high throughput and security, leading to faster transaction processing and lower fees than traditional blockchain networks. Moreover, CORE is designed to be developer-friendly, offering tools and resources to support the creation and deployment of dApps on its platform.
Core went beyond that and unlocked Bitcoin's potential as a productive yield-bearing asset, maintaining Satoshi Nakamoto's vision of self-custody and decentralization🔶 pic.twitter.com/ASj9VYjSUl
— Core DAO 🔶 (@Coredao_Org) July 20, 2024
CORE chart price movements indicate a shift in market sentiment from bearish to bullish. Investors need to be cautious and time the market well. If the price breaks past the resistance level, it will confirm a bullish trend.
At the time of analysis, Core (CORE) was priced at $1.51. If the trend continues, CORE’s price might reach resistance levels of $1.5683 and $2.6908. If the trend reverses, the cost could fall to the support level of $0.8596.
3. WienerAI (WAI)
WienerAI is transforming crypto trading with its advanced AI trading bot for consumers. This innovative combination of sausage, dog, and artificial intelligence aims to lead the market. Built on the Ethereum blockchain, WienerAI merges cutting-edge technology with a fun, user-friendly interface.
The project addresses a common issue in crypto trading: identifying valuable opportunities in a vast and complex market. WienerAI’s predictive technology and AI interface enable users to analyze the crypto market and make informed decisions quickly. This approach helps novice and experienced traders navigate the volatile crypto market.
Despite being a newly launched meme coin, WienerAI offers several impressive features. Its AI-enhanced trading tool provides instant, predictive, and user-friendly market analysis, increasing users’ chances of success. Additionally, it facilitates seamless, MEV-protected swaps through decentralized exchanges, allowing users to seize every golden opportunity.
Recent news has excited the crypto community, as WienerAI has reached a milestone of over $7.5 million raised. This achievement reflects the growing confidence in WienerAI’s potential to revolutionize crypto trading. The team’s enthusiasm and vision for a bright future are attracting more investors to the WienerAI community.
That WienerAI relaxed weekend vibe before the big launch soon… 🌭✨
Enjoy the calm before we revolutionize trading! pic.twitter.com/aD7SMLDVWb
— WienerAI (@WienerDogAI) July 20, 2024
The ongoing WienerAI presale presents a unique chance for early adopters to purchase tokens at a discounted price. The presale is gaining traction, with the current trading price at $0.0.00073 and over $7 million raised. With the presale ending in less than 20 days, there is a sense of urgency, encouraging potential investors to act quickly and join the WienerAI revolution.
Moreover, WienerAI has caught the attention of major crypto media outlets, such as Finbold, Bitcoinist, and CryptoNews. These partnerships have helped publicize WienerAI’s innovative approach to AI-powered trading. The widespread coverage indicates that WienerAI is gaining recognition and credibility in the competitive crypto space.
4. GMX (GMX)
GMX (Global Markets eXchange) is making its mark in the competitive cryptocurrency market with its innovative technology. It uses Metis roll-up technology, which lowers transaction fees and increases throughput. This solution addresses a common issue for cryptocurrency users: high costs and slow transaction speeds.
In addition, GMX operates on a decentralized model. This means it avoids a single point of failure, ensuring more security. Users can also make anonymous transactions, which is crucial for privacy in the crypto market.
GMX is trading at $32.63 and has a market capitalization of $312.79 million. In the last 24 hours, its price has increased by over 5%, ranking it 175th among all cryptocurrencies with a daily volume of $38.91 million. This upward trend is expected to continue through 2025. With supportive regulations and ongoing technological advancements, the GMX token could average $110, potentially reaching as high as $135. This optimistic outlook is based on increased adoption of crypto investments and lower inflation rates, which could attract more investors to GMX.
Catch up with all of this week's news from GMX and its countless ecosystem collaborators; read the Blueberry Pulse: https://t.co/oHgm7d7I3D pic.twitter.com/Zz8SUheWBM
— GMX 🫐 (@GMX_IO) July 19, 2024
Moreover, GMX has formed partnerships with leading fintech firms and cryptocurrency exchanges. These alliances have expanded its reach, increased liquidity, and enhanced its currency’s utility. For example, collaborations with cryptocurrency liquidity providers enable GMX to settle large trades quickly without significant price fluctuations. Such strategic partnerships improve GMX’s functionality, boost consumer trust, and encourage broader adoption.
In other news, GMX and Gains Network have proposed integrating their liquidity into Kwenta’s platform. These integrations aim to improve the trading experience for Kwenta users by providing access to more markets and liquidity. Additionally, Kwenta’s roadmap focuses on user experience, including features like logging in with traditional web2 credentials and sponsoring gasless transactions.
5. Dogecoin (DOGE)
Dogecoin has seen a recent increase in price, closely following Bitcoin’s trends, according to data from IntoTheBlock. Bitcoin recently rose to $67,000 after dropping below $60,000, and Dogecoin followed a similar pattern.
Bitcoin increased by over 15% in one week, leading Dogecoin to surge more than 17%. This price rise is due to renewed bullish sentiment among crypto investors. On-chain metrics also show a positive outlook for Dogecoin and Shiba Inu, with significant investments from crypto whales. Data from IntoTheBlock indicates that Dogecoin whales have increased their holdings, as the concentration metric has risen recently.
Crypto analysts expect more price rallies for Dogecoin. Kevin (formerly OG Yomi), a crypto analyst, mentioned that Dogecoin is forming an inverse head-and-shoulders pattern at the support level on the daily time frame. If the pattern completes, he predicts a target price between $0.15 and $0.17.
While many crypto projects chase gains, Dogecoin's purpose is to be a simple means of exchange for everyday people. Shibes around the world are putting Doge to real use. https://t.co/xUgGDVbnFY
— Dogecoin (@dogecoin) July 8, 2024
The improved US macroeconomic landscape has boosted investor confidence. Additionally, investors are hopeful about Donald Trump’s potential positive influence on cryptocurrency regulations and acceptance, as he is a crypto-friendly candidate in the US 2024 Presidential Campaign.
There is significant interest in Dogecoin’s potential to reach $1. Over the past year, Dogecoin has grown by 81%. It trades above its 200-day simple moving average, indicating a long-term bullish trend. With 15 green days in the last 30 days, Dogecoin has shown consistent upward momentum, reflecting sustained investor interest.
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