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The current bull run defies widespread expectations. Before the bull run, many traders assumed that funds from the Bitcoin uptrend usually rotate into altcoins. According to data from past bull cycles, it is clear that the Bitcoin rally precedes the emergence of the next cryptocurrencies to explode.
Sadly, the predictions this time are not as accurate as expected. Only a handful of alts follow the BTC trend. Rather than funds flooding the altcoins market, investors are betting heavily on meme coins in what appears to be another meme coin season.
Next Cryptocurrency To Explode
Currently and in the coming weeks, attention in the crypto market has been directed toward the mining sector as the market moves ahead after the Bitcoin halving. Hence, investors can capitalize on the moment and take a position in upcoming tokens like 99Bitcoins. The project plans to make learning about Bitcoin fun by turning it into a game, and this post covers the details of its presale.
1. Tron (TRX)
TRON seeks to decentralize internet infrastructure to enable creators to share their content freely. Using blockchain technology, TRON provides a platform where users can create, store, and own data, supporting the rights of digital content creators.
Additionally, TRON has shown resilience amid recent market changes. Despite fluctuations, TRON remains an important player in the cryptocurrency market. Currently valued at $0.1141 with a 0.58% increase today, TRON has displayed positive performance, indicating its growth potential. Moreover, TRON has seen gains for 17 days, accounting for 57% of the period.
Yet, despite the Fear & Greed Index showing investor greed at 72, there’s a negative outlook on TRON’s price prediction. TRON still sustains considerable liquidity, backed by its market capitalization.
Furthermore, recent social media updates show substantial engagement on the TRON platform, with total transactions exceeding 7.5 billion. Additionally, TRON has amassed over 226 million accounts, underscoring its expanding user base and transaction activity.
2. BNB (BNB)
Following a rise above $520, the BNB price began a new uptrend. It steadily climbed past resistance levels at $550 and $565, similar to Ethereum and Bitcoin. Bulls then pushed it above the $580 mark and the 61.8% Fib retracement level from the recent downward swing.
Currently, the price is above $580 and the 100 simple moving average (4 hours), consolidating just above the 76.4% Fib retracement level. A bullish trend line is forming with support at $592 on the 4-hour BNB/USD chart.
The immediate resistance is around $608, with the next level near $630. A decisive move above $630 could drive the price even higher towards $650. If it breaks above $650, it could aim for the $680 resistance, potentially reaching $720 in the coming days.
1/ 🚨 DAU Incentive Program Update!
We've updated the DAU Incentive Program to foster outstanding projects on BNB Chain! Up to $200,000 USD in BNB tokens will be awarded.
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🔗https://t.co/11rLO34ckG pic.twitter.com/TrwADN6NQP
— BNB Chain (@BNBCHAIN) April 24, 2024
BNB received a boost from obtaining a regulatory license in Dubai, especially after facing scrutiny from regulatory bodies in the past six months. However, the recent surge is mainly attributed to Bitcoin’s spike, which also benefited other top altcoins like Solana and Avalanche.
Although the future outlook is uncertain, favorable market metrics could lead to a 20% increase in Binance Coin’s value.
3. EOS (EOS)
The price of EOS has risen to $0.877799, marking a significant increase. Within the last day, it went up by 1.64%, and its market cap grew by 1.45% to $984,462,903. Additionally, the trading volume surged by 318.22%, reaching $436,866,201.
Currently, EOS is trading 2.66% above the 200-day SMA, which is $0.855979. It had 15 green days in the past month, accounting for 50% of the total, signaling a positive trend. EOS remains highly liquid, which is reassuring for investors considering its market cap.
While the sentiment surrounding EOS price prediction might seem negative, the Fear & Greed Index shows 72 (Greed), indicating increased token transactions. This suggests a potential shift towards an uptrend. Moreover, this potential offer hope for more favorable market sentiment and places EOS among upcoming cryptocurrencies to explode.
EOS, supported by a strong foundation and a committed crypto community, has promising prospects. If EOS collaborates with other networks, the coin’s price is predicted to exceed $3.52 by 2024, offering substantial profit potential.
#EOS Tokenomic Proposal 🚀 https://t.co/siuLwxaSB9
— EOS Network Foundation (@EOSNetworkFDN) April 24, 2024
Assuming the current bullish trend in the crypto market persists, we expect the average price of EOS to hover around $3.19 by 2024, which enhances the investment outlook. However, if the crypto market declines, EOS could drop to as low as $2.99 in 2024, suggesting a need for cautious optimism.
4. 99Bitcoins (99BTC)
99Bitcoins introduced its cryptocurrency, the 99Bitcoins token (99BTC), and collected over $790k in its early days through a presale. Interested investors can still buy tokens at the initial price of $0.00102, but the rates will gradually rise.
The presale has a limit of $10.3 million, motivating investors to get discounted 99BTC tokens before later phases. These tokens power the Learn-to-Earn platform, rewarding users for learning about cryptocurrencies. As funding milestones are met, the price of 99BTC increases gradually.
The third phase of the presale is now open. Tokens can be purchased using ETH, USDT, BNB, or fiat via debit or credit card.
The innovative Learn-to-Earn concept encourages users to learn about cryptocurrency, benefiting token holders. 99Bitcoins also plans to make learning about Bitcoin more fun by turning it into a game. Users who complete challenges and lessons earn higher rankings and $99BTC tokens.
🚀 Launch Alert: #LearnToEarn with #99Bitcoins! 🎓
Our new token is designed to reward YOU for learning about #Crypto. With over 79 hours of courses, you can boost your knowledge and earn rewards simultaneously.
Don't miss out! ✅
Learn more here: 👉 https://t.co/qTBaaTyY1B
— 99Bitcoins (@99BitcoinsHQ) April 25, 2024
Furthermore, the project looks into how Bitcoin halving events could affect things and has a wide audience on different platforms. Token distribution sets aside 10.5% for presale, 14% for staking rewards, and some for development, community rewards, liquidity, and marketing.
There’s also an ongoing giveaway where participants can win free Bitcoin from a $99,999 BTC prize pool, with over 4,120 entries so far. People who join the presale can also benefit from holding $99BTC tokens.
5. Panda Swap (PANDA)
Two days back, Panda Swap’s price shot up by 28% in the last 24 hours, reaching $0.0130 at 05:24 a.m. EST. PANDA is now trending on CoinMarketCap, joining the ranks of cryptocurrencies like Bitcoin, PEPE, BONK, SOL, and WIFSA.
This listing on the MEXC exchange will introduce PANDA to 10 million new users across 170 countries. Additionally, the altcoin is gaining traction on DEXTools, and BitMart Exchange lists it among its top performers.
Rumors are circulating about PandaSwapSol launching as a decentralized exchange (DEX) on CoinMarketCap and being featured in every Solana coin market section, such as Jupiter and Raydium.
After a steep decline of around 85% since April 1st, the Panda Swap price is fueling a recovery rally. If it breaches the immediate resistance at the 61.8% Fibonacci retracement level of $0.0177, Panda Swap might venture into the Golden Zone.
The area between the 61.8% Fibonacci retracement and the 50% mark is crucial because it’s where the price often reacts. If the price moves decisively above $0.0220, the uptrend will likely continue, pushing Panda Swap above $0.0262.
🚨 Today’s the day we go live on MEXC! 🚨
2pm UTC ⏰ https://t.co/S56vshz1ON
— Panda Swap (@PandaSwapSol) April 24, 2024
Even though the price fell by 21% in one day, it’s not much compared to the big increases of 139.10% in a week and 263.38% in a month.
The Relative Strength Index (RSI) shows higher highs, indicating increasing momentum. This is supported by the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) indicators, both of which show green bars, signaling growing bullish sentiment. This means Pandaswap has the potential to be the next cryptocurrency to explode.
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