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Next Cryptocurrency To Explode Thursday, May 16 — Bitget Token, Bittensor, Fantom, Synthetix

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Achieving good returns in a strong market involves monitoring the top cryptocurrencies and preparing Altcoins for growth. Yet, spotting the next prominent cryptocurrency can be challenging because many investors focus on already popular assets.

This article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future.

Next Cryptocurrency To Explode 

Today’s analysis details the performance of the cryptos that investors should add to their watchlist. It also includes a special mention of Sealana, a Solana meme coin that introduces a “send-to-wallet” feature alongside a traditional “Buy Now” widget to accommodate different investor preferences. The details of its presale and the performance of the top-performing crypto today are shared below.

1. Bitget Token (BGB) 

Currently, the token is priced at $1.11, showing a 5.14% increase in the last 24 hours. Over the past year, Bitget Token has grown by 137.67%, outpacing 62% of the top 100 cryptocurrencies, including Bitcoin and Ethereum.

Bitget recently partnered with Anboto Labs, a platform for algorithmic trading tools. This partnership aims to improve traders’ experiences by adding Anboto’s tools to Bitget’s platform, helping users optimize strategies and reduce costs. Bitget is hosting a trading contest with Anboto Labs to celebrate the partnership. From May 14 to June 14, traders can win prizes like an iPhone 15 and a share of a $100,000 bonus pool.

Bitget Token Price Chart

Additionally, Bitget has teamed up with Alchemy Pay to simplify crypto purchases for Indian users. Alchemy Pay’s integration allows Bitget clients to buy cryptocurrencies with INR, offering straightforward trading options.

Bitget now supports a broader range of trade pairs that benefit its community, including BTC, ETH, USDT, and TRX. The partnership with UPI and IMPS enables quick crypto purchases through peer-to-peer transactions nationwide.

Bitget Token (BGB) has experienced remarkable growth, reaching a new high of $1.38 on April 3rd. Starting the year at $0.5794, BGB is now trading at $1.11, with experts forecasting a surge to $15 by the end of 2024 – a significant increase of over 13 times.

2. Bittensor (TAO) 

Amidst the rise of AI crypto, Bittensor (TAO), ranked 4th in market value, is showing signs of improvement after a recent dip. While it dropped by 18.65% over a month, its weekly and daily charts indicate positive trends with increases of 4.10% and 13.35%, respectively.

Bittensor (TAO) is innovating by blending blockchain and AI, changing how we do machine learning. This effort wants to make AI development open to all and encourage teamwork in a user-friendly setting.

Bittensor Price Chart

In early May, TAO’s performance was positive, showing a 48% increase to a resistance level of $487 within six days. However, this upward trend didn’t last; the price dropped to $391 after ten days. The decline continued, with the price breaking through major support areas amid intense selling pressure. Now, new support levels are forming at $381.29 and $372. Meanwhile, Bittensor’s current trading price is 228.22% higher than the 200-day Simple Moving Average (SMA) of $122.07.

At the start of May, Bittensor’s price surged by 48%, reaching a resistance level near $487. Although it has yet to return to this peak, there are signs that buyers are gearing up to drive the price higher. The Relative Strength Index (RSI) is moving closer to the 50-midline level, indicating growing buying pressure.

3. Sealana (SEAL)

Sealana (SEAL) is a fresh face in the Solana meme coin market. It stands out with its fun story about a Seal trader. This token’s character is a cute, chubby seal who used to be active but now leads a lazy trader’s life.

This unique idea has made Sealana popular in the meme coin world. In about two weeks since it started, the ICO for Sealana ($SEAL) has gathered over $1.2 Million in investments in just two weeks.

Although it is based on the Solana blockchain, Sealana is also a multichain token. On its website, you can use a “Buy” option to buy $SEAL on three different chains. If you have Solana, Ethereum, or BNB, you can instantly connect your wallet and buy Sealana for $0.022 per token.

Many people are investing in $SEAL and other Solana meme coins this year. Solana is growing fast and becoming the top choice for launching new meme coins. Sealana is joining the trend after Slothana ($SLOTH), another recent viral Solana meme coin ICO.

Sealana’s strength lies in its unique and relatable story. It blends in with Solana and lets you send coins directly to wallets, keeping its amusing theme. It also offers a “send-to-wallet” feature alongside the usual “Buy Now” option to cater to different investors. Sealana’s launch timing might not be a coincidence, as it’s around the anniversary of the Pepe Coin surge.

Visit Sealana Presale

4. Fantom (FTM)

Fantom’s price has been more unstable since the start of the fourth quarter in 2024. In the last day alone, the $FTM token’s price shot up by 24.01%, indicating a solid shift towards bullish sentiment from its previous price of $0.64. This surge in price marks a quick turnaround, breaking through the resistance trendline and signaling the end of a period of decline.

After bouncing back recently, the price has formed a triple-bottom pattern above the support zone between $0.56 and $0.62. This breakout pushed the price past the local resistance at $0.75. Based on Fibonacci levels, the current rally in FTM price tests the 23.60% retracement level at $0.8200.

Fantom Price Chart

Expert analysts believe that if the current momentum persists, Fantom might reach $1 by the end of the month, and in an optimistic scenario, it could even go up to $1.85. The significant rise in Bitcoin overnight has also boosted the broader altcoin market, including Fantom. With this momentum, analysts believe FTM will soon surpass the $1 mark.

Furthermore, the surge in trading volume indicates strong bullish sentiment among traders. The Relative Strength Index (RSI) approaches the 70% line, reflecting a significant rise in buying pressure and market enthusiasm.

In recent developments, Fantom rolled out the Opera Upgrade Dashboard on May 14. Validators on Opera are upgrading their nodes to utilize Sonic technology. A major focus for Fantom in 2024 is enhancing the Opera chain with the latest Sonic advancements.

This upgrade targets scalability improvements through two key implementations: the Fantom Virtual Machine (FVM) and a new storage system for the Opera chain. Ultimately, the goal is to position Fantom as one of the top-performing monolithic blockchains.

5. Synthetix (SNX)

Currently, SNX/USD is trading at $2.58. If it breaks the $2.60 resistance, it could aim for $3.00, trading above the 9-day and 21-day moving averages. Yet, a strong push might send it to the upper channel boundary, with support at $2.33.

On the daily chart, Synthetix bulls are reemerging. If buyers continue pushing above the moving averages, SNX/USD may target $4.00, $4.15, and $4.30. Surpassing these levels could fuel more buying activity.

Synthetix Price Chart

If buying pressure from bulls gets stronger, Synthetix might go up, surpassing moving averages. Additionally, just two days back, Kain Warwick, one of the co-founders of Synthetix, introduced Infinex. Infinex combines decentralized finance apps into a simpler interface.

This launch includes the Infinex Account, which started its user waitlist two days ago. This move might bring more users to Synthetix and boost demand for $SNX tokens.

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