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The current crypto market defies widespread expectations. According to data from past bull cycles, it is clear that the Bitcoin rally precedes the emergence of the next cryptos to explode. That explains why many traders assumed that funds from the Bitcoin uptrend usually rotate into altcoins.
In light of the current market dynamics, it’s important to reassess our predictions. This article takes a closer look at the performance of cryptocurrencies leading the gainers list in the past 24 hours. Our primary goal is to identify potential investment opportunities and provide detailed information about each token to our readers.
Next Cryptocurrency To Explode
Meanwhile, traders and investors are exploring opportunities to search for crypto tokens that might yield significant returns. Many top trending cryptos in the last seven days are already-known projects. The list below also mentions 99Bitcoins, a recently launched cryptocurrency with promising potential. The details of the project and the opportunity it presents are covered in the updates below.
1. Starknet (STRK)
Starknet’s current market performance is not cause for concern. It shows a fair amount of trading, suggesting a healthy balance between buyers and sellers, which signals a stable market.
Lately, there’s been a decrease in activity following a time of high excitement, likely linked to larger trends in the crypto market. People are balancing their willingness to take risks with being cautious, showing a careful attitude from those involved in the market.
Starknet has solid basics, and its technology addresses the increasing demand for scalability and privacy in blockchain apps. It’s also helping tackle Ethereum’s network congestion, which could boost its value as more people use it and technology advances.
While what we have now is a good start, it's only the starting point 🧑🔬
What are you most excited about over the coming months?
PS: GM 🐺 pic.twitter.com/NNqtiF0mhi
— Starknet 🦇🔊 (@Starknet) April 23, 2024
The outlook for Starknet probably depends on how much it’s used and accepted in the blockchain world. The rewards should be explosive if the cryptocurrency can gather real-life usage and broad acceptance in the coming months.
2. Ethereum Classic (ETC)
In 2016, Ethereum Classic came into being after a disagreement with Ethereum due to a cyberattack. While Ethereum chose to undo the attack’s transactions, Ethereum Classic stuck to the “Code is Law” belief and kept the original blockchain. This dedication to the unchanged code makes it distinctive.
Recently, Ethereum Classic (ETC) has experienced price changes and fluctuations. But, after the Bitcoin halving event, its value soared to $28.12. Despite facing losses the next day, the coin bounced back in the crypto market, reaching $28.53.
Even though Ethereum’s price keeps changing, the value of other cryptocurrencies rose by 7.83% in the past day. Analysts predict the price might surpass $30.00 soon.
Ethereum Classic still uses Proof-of-Work, unlike Ethereum, which shifted to Proof-of-Stake in September 2022. The cryptocurrency has a market cap of $4.2 billion and has shown positive progress lately. It has also enhanced security to fix previous issues.
Furthermore, Ethereum Classic allows users to make direct transactions without middlemen, making transactions safer and faster. Developers use Ethereum Classic to create various finance and supply chain management applications.
How to Contribute to ETC: Operating a Nodehttps://t.co/XYqR138Suz$ETC #ETC 🍀 #EthereumClassic 🍀
— Ethereum Classic (@eth_classic) April 15, 2024
Even though Ethereum Classic is a less popular version of Ethereum, it stays strong in the cryptocurrency market. Last month, there were more positive trading days than negative ones. Additionally, it has good liquidity, with a volume-to-market cap ratio of 0.1732.
Looking at the facts, it’s no surprise that this cryptocurrency is gaining popularity. If the market stays bullish, ETC may be the next cryptocurrency to explode between now and the end of the year.
3. Optimism (OP)
Today, Optimism (OP) has seen significant price increases. These jumps are fueled by a few important factors: market sentiment, technical indicators, and technological advancements.
Optimism’s price movement has been mixed. In a week, it went up by 7.73% but dropped by 38.83% over a month. Yet, in six months, it surged by 74.71%. Currently, it trades between $2.14 and $2.66. The coin’s movement shows a mix of ups and downs without a clear trend toward either a strong rise or fall based on the indicators.
Optimism’s price trajectory holds promise. If the crypto market maintains its strength, there’s a potential for substantial growth, with resistance levels at $2.83 and even $3.32 within reach. However, it’s important to note that there are also cautious outlooks, with some analysts predicting a dip to support levels at $1.85 or even $1.37, particularly if the broader market encounters challenges.
Offchain Labs, the team responsible for Arbitrum, showed their dedication to safety and dependability by finding and quickly fixing security issues in a test version of Optimism. These adjustments were crucial because they targeted weaknesses in Optimism’s system that bad actors could have exploited to challenge potentially deceitful transactions.
We’re happy to report that no critical vulnerabilities that would be able to bypass the safety mechanisms were reported during the audit.
We’ve shared initial findings, and will publish a complete audit recap once the escalation period has ended.https://t.co/OZ2qW28c5T
— Optimism (@Optimism) April 26, 2024
Ed Felton, one of Offchain Labs’ co-founders, explained these problems in detail in a blog post, highlighting their commitment to keeping the coin secure and reliable.
With positive technical signs, support from key figures in the crypto world, and proactive security improvements, Optimism’s price is on the rise.
4. Arweave (AR)
In the last 24 hours, the price of AR has gone up by 11.52%, reaching 34.92. This increase in Arweave’s value can be linked to a few reasons. One is the launch of its new blockchain, Arweave AO.
The Arweave blockchain is made to make things run smoother and faster. Arweave (AR) shows strength by staying above $30, suggesting it might go even higher. Given the good conditions in the Bitcoin market, AR could reach $42 soon.
Arweave AO stands out because it’s built in a way that can handle lots of transactions and work on many things at once. It’s also set up to store data well and work with the Ethereum Virtual Machine (EVM), allowing it to be used for many applications, from social media to artificial intelligence.
Arweave has shown impressive performance lately. Its price surged by 357% in the past year, outdoing 89% of the top 100 crypto assets. This suggests a bright future for AR’s price. Such growth shows AR’s popularity in crypto and indicates strong demand and confidence in its technology and uses.
Host a website directly on the blockchain.
Yes, really. FULLY onchain sites.
No monthly fees, permanent storage on #Arweave.
Here's how you can do it 🧵👇 pic.twitter.com/5T6nnRXZD6
— Only Arweave (@onlyarweave) April 27, 2024
Technical signals also point to a positive outlook for Arweave. AR is trading above its 200-day moving average, indicating a bullish trend and possible continued growth. Additionally, AR’s current price surpassing its initial sale price shows a good return for early investors, which boosts positivity and attracts new interest.
Arweave’s strong liquidity, shown by its significant market capitalization, puts it in a good position for further growth and potentially reaching higher prices as the market changes.
5. 99 Bitcoins (99BTC)
The media outlet 99Bitcoins introduced a presale for its own digital currency, the 99Bitcoins token (99BTC). So far, the presale coin has gathered over $850K in funding. People can still buy tokens at the presale rate of $0.00102, but prices will rise later.
Investors have a chance to buy discounted $99BTC tokens before 99Bitcoins hits its aim for a presale cap of $10.3 million. These tokens power a new Learn-to-Earn platform that rewards users for learning about crypto. The token’s price rises with funding milestones.
🚀 Don't miss out on our $99,999 BTC #Airdrop! 🌟
Join now to be one of the 99 lucky winners sharing this massive prize!
Time is running out—secure your spot today! 👉 https://t.co/ZXji0s6ACe#99Bitcoins $BTC #Bitcoin #Presale pic.twitter.com/vtA4va4cmO
— 99Bitcoins (@99BitcoinsHQ) April 28, 2024
Furthermore, 99Bitcoins plans to add gaming elements to the platform, rewarding users who complete challenges with more tokens. The project considers the impact of Bitcoin halving events and has a broad audience. Token distribution allocates portions for presale, staking rewards, development, community, liquidity, and marketing.
To wrap it up, there’s an ongoing 99Bitcoins airdrop campaign with a $99,999 BTC prize pool. Over 4,120 entries have been recorded so far.
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