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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. Stacks (STX)
Stacks (STX), the native token of Bitcoin’s layer-2 network, has unexpectedly topped the list of gainers on CoinMarketCap. STX is trading at around $1.66, up 12.30% in the past 24 hours. In recent days, STX has attracted significant investor interest, consistently recovering from short-term lows despite Bitcoin’s (BTC) ongoing price volatility and struggle to break the $60,000 resistance level.
Stacks is a Bitcoin Layer designed for smart contracts. It enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. This layer unlocks $500 billion in BTC capital by using the Bitcoin L1 for settling decentralized applications. Thanks to its Proof of Transfer consensus and Clarity language, Stacks can read the full Bitcoin state anytime.
Recent developments within the Stacks ecosystem have supported STX’s upward momentum. CNF reported that the Hypernative Protocol has secured the Stacks environment, promising enhanced real-time threat detection to improve network security. Additionally, Stacks reached an all-time high with over 150 million STX locked in DeFi programs.
Stacks stands out with its modern programming language 🟧
– Stacks Creator @Muneeb talks about the benefits of a unique programming language for Stacks in an increasingly competitive Bitcoin L2 space. pic.twitter.com/jMA5m2MLWI
— stacks.btc (@Stacks) July 9, 2024
Meanwhile, cryptocurrency analyst World of Charts recently shared a bullish analysis for Stacks, suggesting a potential major bullish wave following a healthy correction. The chart indicated signs consolidating within a descending channel pattern on a lower period, breaking the falling wedge. If this setup holds, it could result in a double bullish wave.
2. JasmyCoin (JASMY)
JasmyCoin (JASMY), often called the Bitcoin of Japan, is another altcoin showing bullish trends. The JASMY team predicts its price will reach $17 by 2026. This prediction and JASMY’s solid partnerships and connection to Japan suggest a high potential for its price to rise significantly.
Recently, the market dip unexpectedly lowered JASMY’s price. However, similar to resilient tokens like BTC and ETH, JASMY’s price has already started to recover. Many JASMY holders and crypto analysts observed a significant green candle yesterday, leading to a major price comeback.
Yesterday, JASMY printed a crucial green candle. Now, 24 hours later, CoinMarketCap analytics show that JASMY’s price is in the green at $0.02484. Additionally, JASMY once again became the top gainer on Binance, with its price spiking over 8% to $0.025. Analysts anticipate this upward trend will continue.
Despite recent market fluctuations, JasmyCoin (JASMY) remains stable between $0.0180 and $0.0292. The current price movement indicates a battle between bulls and bears, with bulls aiming to break above the nearest resistance at $0.0354.
If JasmyCoin can surpass this barrier, it could reach the next significant level of $0.0465, a potential increase of over 60%. While short-term declines suggest caution, six-month solid growth of around 309% and an RSI of 58.75 indicate renewed optimism. This setup resembles early 2021 bullish patterns, hinting at promising gains ahead.
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 $7.3 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.
Don't miss out!
WienerAI presale ends on July 31st. Secure your tokens now and join the trading revolution! 🌭🤖 pic.twitter.com/PyYEPwDtl2
— WienerAI (@WienerDogAI) July 10, 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 $0.000726 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. Mantle (MNT)
MNT is a token with two primary functions for Mantle Network, an Ethereum Layer 2 blockchain. It facilitates transactions and ensures network security while also granting its holders governance rights. According to CoinMarketCap and other cryptocurrency data aggregators, MNT increased by 11.05% in the past 24 hours. This is a significant rise, especially during the current market downturn.
This increase aligns with the completed 1:1 migration of BitDAO (BIT) tokens to MNT. This migration is expected to boost user activity and demand for MNT within the Mantle ecosystem. It also indicates growing confidence in MNT’s future among investors and users.
Since April, MNT’s price has declined, and heavy selling has occurred at higher levels. The token fell from $1.50 and dropped below $1 in recent trading sessions. It traded below its key moving averages, showing a bearish trend.
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— Mantle (@0xMantle) July 10, 2024
However, at press time, MNT was trading at $0.7061 with an intraday increase of over 5.5%, indicating a neutral stance on the chart. It has a market cap of $2.31 billion and is ranked 42. The technical indicators are neutral, with the RSI curve in the oversold region at around 32. Based on the price action, the token is expected to recover and might soon retest the 20-day EMA mark.
5. Centrifuge (CFG)
Centrifuge has seen a 14.93% rise in 24 hours and a 20.51% increase in one week. This reflects its impact on integrating real-world assets into the DeFi ecosystem. The protocol aims to reduce capital costs for small and mid-sized enterprises (SMEs) while offering stable income to investors. By tokenizing real assets and using them as collateral in DeFi, Centrifuge is bridging traditional finance and blockchain technology.
Centrifuge’s security is strong, utilizing Polkadot’s Nominated Proof-of-Stake (NPoS) mechanism. CFG tokens are used for transaction fees, and Polkadot’s transaction aggregators receive a portion for processing and storing data. This structure promotes fair operation and enhances censorship resistance, keeping the network secure and efficient. Additional security from Polkadot’s relay chain further establishes Centrifuge as a dependable platform.
To end the week, we're co-hosting the Tokenized Vault Competition with @erc4626!
The competition runs until July 12th. There are two tracks to compete:
1) Best usage of ERC-4626 + ERC-7575: $8,500 in prizes
2) Best usage of ERC-7540: $8,500 in prizeshttps://t.co/4nxNABwilZ
— Centrifuge (@centrifuge) July 5, 2024
Despite a low volume-to-market cap ratio of 0.0034, indicating limited liquidity, Centrifuge remains resilient, trading 15.32% above its 200-day SMA. The 14-day RSI is at 55.18, indicating neutral trading conditions. Over the past year, Centrifuge has shown a notable 78.89% increase, suggesting it could be a significant upcoming cryptocurrency.
With nine green days in the last 30, Centrifuge shows consistent performance similar to Optimism. It has lower volatility and steady growth, outperforming 46% of the top 100 crypto assets, underscoring its stable market position.
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