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Given the overall sideways trend of the major cryptocurrencies, investors are turning to promising altcoins for an opportunity to identify the next cryptocurrencies to explode. Since the launch of the Dencun upgrade on the Ethereum mainnet, the Solana chain has lost its appeal.
Layer 2 platforms and newer chains are gradually reaching the top of the market. The next bull market phase would likely see assets on Base and Optimism taking the lead. Another wing of the crypto market believes that an altcoin wave will lift the price of cryptocurrencies.
Next Cryptocurrency To Explode
Nevertheless, opportunities are emerging from presale offerings despite the stalemate in the prices of cryptocurrencies. A more recent upcoming project to watch is the 5th Scape. The team behind the project has set out to reshape the VR world and devised a revolutionary game plan that the crypto community can’t afford to miss. The details of the project are captured in the article.
1. Dusk (DUSK)
Dusk is one of the low-cap cryptocurrencies to watch this new week as the token set its eye on higher value today. In the last 24 hours, the price of DUSK increased by nearly 14%, giving it a new value above the resistance cluster at the $0.4 range. Similarly, there’s a complementary increase of about 50% in the asset’s trading volume in the last 24 hours.
The recent changes in DUSK price and investors’ sentiment are not an isolated event. It is largely influenced by the platform’s partnership with NPEX and other organizations. In a recent post on Dusk’s official Twitter handle, it broke the news of its foray into the Real-world asset tokenization space, which would allow it to bring assets listed on the NPEX on the chain. The move has dramatically improved investors’ perception of the asset, reflected in the trading volume, which is now 35% of its total market cap.
With the new direction, the chance of DUSK becoming one of the tokens to explode is quite high. While it’s not certain that its gains in the coming weeks or months will follow a dramatic vertical trajectory, the growing interest in the RWAs sector would contribute to the progressive gains of the token.
Thank you to @VentureBeat for sharing the good news of our groundbreaking partnership with @npex 🎉
Read the whole article: https://t.co/PECZyAc7fI
— Dusk (@DuskFoundation) March 20, 2024
Moreover, data from its Chart reveals that DUSK will likely cross a major resistance point this week as it heads toward the $0.5 price. Signals from indicators applied to the chart show that it has a high chance of breaking out of the resistance and climbing above its ATH value, barely 49% higher than its current price. As the bulls maintain the upper hand and the crypto market maintains a positive outlook, investors would likely see DUSK attaining higher values in the new week.
2. TRON (TRX)
Tron has had an impressive year with an over 100% price increase. Generally, the Tron chain has been recognized as one of the most used blockchains in crypto and is one of the top under $1 crypto coins to watch.
Ideally, Tron should be getting more visibility than is currently afforded to the platform or its underlying token. Recent network activities have been remarkable, and continued progress at such a pace would result in a dramatic pump for the asset. For example, the number of new addresses on the Tron network grew from 175,620 to 234,540 within the last 30 days. The growing address indicates that there’ll likely be a spike in the demand for the TRX token in the coming quarter.
Similarly, there’s been an increase in the number of TRX holders, as indicated by the number of addresses in the network with zero balance. In the last 30 days, the number of addresses with zero balances dropped from 189,100 to 141,820.
Tron has also posted other impressive data that shows that its native cryptocurrency, TRX, is primed for explosive gains. TRX’s charts show that the token has maintained progressive price trends in the past months, and there are indications that it will maintain progress until it breaks above its ATH value.
3. 5th Scape (5SCAPE)
5th Scape’s AI, VR, and hardware blend remains a unique innovation in the crypto space. The popular trend in crypto these days is the AI and RWA narrative. However, decentralized physical infrastructure is also penetrating the space, with assets in the sector attracting millions in investor’s capital. Thankfully, 5th Scape combines all these angels into one through its AI-backed VR initiative.
5thScape, the cutting-edge crypto project poised to revolutionize augmented and virtual reality, offers investors an opportunity to dive into the future of immersive gaming.
With plans for innovative VR hardware and a diverse range of games, including Cage Conquest and Epic… pic.twitter.com/FaIicOGq3w
— 5th Scape (@5th_scape) March 23, 2024
The project aims to connect the AR and VR systems worldwide in what it described as a network of smartest minds. With such a network, users of VR gear would have access to boundless entertainment and educational resources without needless restrictions. Think of it like an operating system for the entire VR ecosystem in the world.
Even though the project is still in the works, investors are already tapping into its potential by participating in the ongoing 5SCAPE presale. The token is offered at $0.00215 and will soon go live on exchanges. The listing price is earmarked for $0.01, meaning investors have limited time to take advantage of the opportunity.
4. Optimism (OP)
With the growing influence of the BASE network in the crypto ecosystem, the value of OP is equally seeing a progressive increase. While most major cryptocurrencies and altcoins are going through a consolidation trend, OP is gradually making its way up the price chart with an over 10% increase in the last 24 hours. The sudden breakout has ended its 7-day-long price consolidation, and there are signals that the token is making for the $4 range.
At the bull market’s peak earlier this month, OP reached a new ATH price of over $4.85 before encountering a major pullback that took over 25% off its price. However, the trend is pulling off a reversal with over 6% gains in the last seven days. At this pace, there is a high chance that the OP will be trading close to its ATH value before the end of the week.
Facts from the OP chart’s technical analysis suggest a high probability of the token reaching its ATH value in the new week. For one, OP’s RSI reading is currently near its oversold range, which indicates that the asset is quite undervalued.
On the other hand, the short-term moving average on the daily time frame indicates that traders are willing to buy more of the asset at its current price. The increasing demand at its price indicates an impending bullish moment, which favors the predictions that OP might hold its uptrend for most of the new week.
Nevertheless, investors might have a few downsides to watch out for as the new trend unfolds. OP’s 50-day EMA and MACD readings give bearish signals, which may result in a momentary pullback for the asset in the short run. Overall, OP’s prospect for explosive gains in the new week is quite high.
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