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Earning significant ROI in a bull market could mean paying attention to the major cryptocurrencies and positioning Altcoins to take off. However, identifying the next cryptocurrencies to explode might be a bit challenging as most funds are attracted to pumping assets.
With institutional investors in the market, interoperability and real-world asset tokenization would gain increasing attention. Already, prices of assets in this category are on the rise, even before the bull market went into full swing.
Next Cryptocurrency to Explode
Regarding upcoming high-value crypto projects, 99Bitcoins is changing the crypto space with a “Learn-to-Earn” approach. Users engage in interactive lessons and quizzes to earn $99BTC tokens. Furthermore, holding $99BTC provides additional benefits, including staking rewards and personalized lessons. Investors also gain access to free trading exposure, signals, and VIP community groups. Below is an overview of 99Bitcoins and the next cryptos to explode.
1. Akash Network (AKT)
The price of Akash Network surged by 45% within the last 24 hours, reaching $6 at 4 a.m. EST. This increase happened alongside a massive spike in trading volume, which rose by 2,043% to $84.9 million.
The AKT cryptocurrency initially rose by over 50% to $6.8. During this rise, the token converted its significant historical resistance at $6 into a strong support level, currently preventing a decrease. The increase in AKT’s value coincided with Upbit announcing the listing of the AKT token, generating significant trading activity and investor interest.
Additionally, Akash Network has experienced notable developments recently. On March 18, AKT began trading on Coinbase. Furthermore, last week, Akash deployed Llama 3 70B on its network. The project described this model as “the most capable openly available AI model.”
Akash Network’s price surge occurred suddenly, with the token rising from $4.0082 to $6.8203 in under 30 minutes. This rapid increase led to a price correction, stabilizing AKT around the $6 support level. However, some analysts believe further correction could return the token to previous levels.
$AKT is now trading on @upbitglobal in KRW, BTC, and USDT marketshttps://t.co/LbVQg5utdN
— Akash Network (@akashnet_) April 23, 2024
Traders are now examining technical indicators and signals to predict AKT’s future price movements. For instance, the token’s Relative Strength Index (RSI) reached an exceptionally high value of 97.77, indicating overbought conditions. Subsequently, the RSI decreased to 72.95 as of now.
While the declining RSI suggests profit-taking among traders, the wide Bollinger bands present a bullish signal. Traders may opt to buy AKT at its dip, potentially driving its price back up or maintaining it above $6.
2. Kaspa (KAS)
Despite the recent Kaspa (KAS) price drop, key indicators show positive signs for future growth. Over the last month, Kaspa’s price decreased by more than 10%. However, it found support at $0.11 and is now rebounding positively.
In 2023, Kaspa had a successful run, but in January 2024, its price remained stable, indicating low market activity. However, the situation changed quickly as the price surged by 88.63% in just a few days due to increased volatility.
Moreover, Kaspa’s trading volume has been growing by an average of 35% daily, suggesting the potential for a significant price increase. Additionally, with the upcoming halving event expected to stimulate the market, Kaspa might exceed its all-time high of $0.18. This makes it a promising cryptocurrency to consider investing in for the second quarter.
Exciting see the ecosystem expanding. https://t.co/fMp1Iwl8kK
— Kaspa (@KaspaCurrency) April 22, 2024
Kaspa’s price reached its highest point of the year at $0.183 but dropped by 36.62%. Since then, it’s been staying within a range of $0.116 to $0.140. If the market stays positive, KAS could go up to $0.162. But if not, it might drop to $0.116.
Some signs, like technical indicators and upcoming events, suggest Kaspa might undergo a major change soon. Some experts think Kaspa is showing signs of going up like it did before major changes in the past.
One reason for this is the upcoming Kaspa on Rust project, now in its beta phase. This update could make Kaspa better and faster, which might help it grow more.
3. Stacks (STX)
Since the halving, Layer 2 tokens have performed better than Bitcoin. STX, the primary token for BTC’s Layer 2 network, Stacks, jumped almost 20% to $2.87. Other Layer 2 coins, like Elastos’ ELA token and SatoshiVM’s SAVM, also saw gains, with 11% and 5%, respectively.
Since its start in 2017, Stacks (STX) has been strong in the crypto market. Stacks is a blockchain network where smart contracts can be made on Bitcoin, focusing on asset security and privacy.
In the past year, Stacks has shown its strength with over a 200% increase in value. But recently, it’s fallen by 18% in a month and 11% in a week. Currently, it’s trading between $2.75 and $2.47 weekly. Analysts predict that the next bull run will push Stacks’ value up again.
After years of research and development, the Stacks blockchain is undergoing significant changes. The upgrade aims to separate the production schedule of Stacks blocks from that of Bitcoin. While the layer-2 network can handle more transactions than Bitcoin, the original setup caused congestion issues because Stacks produced blocks at the same rate as Bitcoin.
Nakamoto has begun rolling out 🧡
At Bitcoin block 840,360, the first fork kicked off the two-step rollout process that will bring us Nakamoto!
This means there's only one more step left before fast blocks, Bitcoin finality, and more are available to all!
Read more 🧵 1/6 pic.twitter.com/dvE0QkSlGt
— stacks.btc (@Stacks) April 22, 2024
Now, Nakamoto is introducing a new method for generating Stacks blocks by updating its unique proof-of-transfer consensus algorithm. Today marks the beginning of new block “signers” coming online to validate transaction “tenures.” Initially, this process will be for practice until the upgrade is fully active in May.
For Stacks users, it’s recommended to ensure you’re using an updated wallet, which should happen automatically for many. Those who stake their STX tokens had them unlocked automatically on Monday. These tokens can be restaked once Nakamoto-compliant pools become available, likely next week.
4. 99Bitcoins (99BTC)
99Bitcoins is a reliable crypto information hub that recently leveraged its reputation to introduce its own token. The project has a strong user base with over 2.8 million email subscribers, 700,000 YouTube followers, and a leading crypto news website.
The token aims to revolutionize the crypto space with its “Learn-to-Earn” approach. Users engage in interactive lessons and quizzes to earn $99BTC tokens, encouraging learning and rewards. This strategy is accessible to beginners and experts alike. With the recent Bitcoin Halving, 99Bitcoins aims to offer a groundbreaking learning strategy through its token.
The presale has already gathered over $650,000 out of its $1,136,737 target, attracting early investors. With a starting price of $0.00101, the value of 99BTC is expected to rise significantly, offering a unique opportunity for early participants.
🌟 Time's ticking on our $99,999 BTC #Airdrop! ⭐️
It's simple: the more tasks you complete the more entries you get! You could be one of the 99 lucky winners. 👀
Join now! 👉 https://t.co/9aJ5rE5LY3 #99BTCAirdrop #Crypto #Presale pic.twitter.com/A656wQzBSp
— 99Bitcoins (@99BitcoinsHQ) April 23, 2024
The success of the presale and the introduction of a high-rewards staking program are anticipated to drive demand for 99BTC. Predictions suggest a value of $0.0054 by the end of 2024, marking a substantial increase.
Furthermore, holding $99BTC provides additional benefits, including staking rewards and personalized lessons. Investors also gain access to free trading exposure, signals, and VIP community groups.
5. Immutable (IMX)
Immutable (IMX) has seen a big increase in the past year, climbing by over 96%. The cryptocurrency dropped by around 22% in one month, including a 14% decrease in the last seven days. However, as of the time of writing, it had gone up 6.34% in the previous 24 hours.
Despite these recent declines, there are positive signs for IMX. Both its market cap and trading volume are going up, hinting at a potential rise in value soon. Currently, it’s trading between $2.05 and $2.38 per token, boasting a market cap of nearly $3 billion. Analysts predict a surge in its value shortly.
Furthermore, volatility has been low, at around 14% over the last month, showing stability. Additionally, liquidity is high, with a healthy volume-to-market cap ratio of 0.0361. This means there’s enough trading activity to support further growth.
Meanwhile, Immutable X and Polygon have introduced a new fund called the “Inevitable Games Fund,” totaling $100 million to discover and nurture top-notch gaming investment opportunities.
This initiative is led by James and Robbie Ferguson, the founders of Immutable X, along with Polygon’s co-founder, Sandeep Nailwal. It comes during the unveiling of several other gaming funds, including a $120 million one from Starknet, sparking optimism across the broader Web3 gaming sector.
In just the last 7 days, 100,000 new Immutable Passport signups have happened.
With over 300+ highly funded games launching on Immutable, this is just the beginning.
Web3 gaming is clearly the next breakout category. pic.twitter.com/LZgEhgpxsM
— Immutable (@Immutable) April 21, 2024
Immutable X (IMX) is transforming NFT trading with its state-of-the-art features. As a layer-two scaling solution on Ethereum, Immutable X (IMX) offers rapid transactions and substantially reduced fees compared to the Ethereum mainnet.
Furthermore, Immutable X (IMX) streamlines the creation of NFT marketplaces and games by offering features like a shared global order book and a user-friendly NFT wallet experience. The IMX token is central to the ecosystem, facilitating fee payments, rewards through staking, and participation in governance.
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