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Cryptocurrency is finally leaving the choppy market as bitcoin prices exceed $70k. Evidently, the crypto rally is back, as several altcoins have begun to post significant increases in price in the last 24 hours. AVAX and SOL lead major altcoins with over 20% price increases, and many upcoming cryptos posing significant price surges.
As we return to the bull market, spotting the next cryptocurrencies to explode becomes easy. Thus, today’s post explores the price action of Toshi, Venom, and Mantra, aiming to uncover the prospect of each token and highlight why they should be included in investors’ watchlists.
Next Cryptocurrency To Explode
Moreover, the bullish trend favors established cryptocurrencies and opens the door for presale cryptos to post exciting numbers. 5th Scape recently launched its presale offering, and it’s now raised over $2 million, even though it’s only in stage 3. The details of the project are covered in the article.
1. Toshi (TOSHI)
Toshi, the popular cat memecoin built on BASE, is becoming a sensation in the crypto sphere. The toke recently saw a pump of over 183% in price as the Base chain climbs into fame. Similarly, in the last 24 hours, TOSHI recorded a 33% price increase in response to the return of the bull market.
Despite the significant price increase, many believe the TOSHI is largely undervalued at a $255 million market cap. Thus, the asset’s price is expected to pump even further in the coming days. According to technical indicators from the TOSHi chart, the
The short-term moving average of the cryptocurrency is over 20% below the current price in the daily timeframe, which shows that the market is relatively bullish about the token’s potential.
Furthermore, the readings from its MAC indicator show that there’s still more bullish sentiment on the horizon. Other oscillators applied to the TOSHI chart also indicate the same signals. In the end, holders of the tokens might witness a surprising price increase in the coming days.
Update, 30K! https://t.co/MYEQg2YHNk
— TOSHI 🛡️ Base (@Toshi_base) March 25, 2024
On the other hand, TOSHI might witness a sudden reversal in the coming days. At the time of writing, the Relative Strength Index of the token posted values indicates that the token has been oversold. Hence, holders should expect a momentary dump before it continues the next leg up. Overall, the growing popularity of the Base chain positions TOSHI as one of the next cryptocurrencies to explode.
2. Venom (VENOM)
According to the post on its official Twitter handle, Venom went live on OKX yesterday and is officially available for trading. The token has been in the news lately for its airdrop and testnet offers. However, it recently moved to mainnet with complementary listing on major CEXes.
[18] $VENOM is now officially live and tradable
Find spot trading pair VENOM USDT at your favorite exchanges: https://t.co/RshyDozvet, https://t.co/209cwLXGtD, https://t.co/09u83E2CRn, https://t.co/f0Fd8KoIBa, https://t.co/f51STb4khQ or https://t.co/Dz1LQ3YNHX#VenomLaunch pic.twitter.com/kK7KM9Hs8e
— Venom Foundation (@VenomFoundation) March 25, 2024
Venom listing has caused a spike in the asset’s price, giving it an ATH value of $0.7 yesterday. However, it opened today at a much lower price of $0.6 and is currently trading at a value that’s about 10% lower than what it recorded yesterday. Nevertheless, the dipping price creates an opportunity for investors to buy more of the token as it holds the potential to become one of the next cryptocurrencies to explode.
Generally, Venom is a multi-chain platform that provides devs with the tools to create DeFi-related dAPPs and blockchain-based payment infrastructures. The growing interest of institutional investors and governments in cryptocurrencies gives Venom the edge it needs to surge towards a higher valuation.
At the time of writing, the token has enjoyed a trading volume of over $145 million, which signifies growing liquidity and demand. Moreover, as it debuts on more CEXes, it has more likelihood of recording a significant price increase. Venom should be on investors’ and traders’ watchlists, especially as the crypto market outlook return turns optimistic. Investors seek opportunities to hedge their funds, and upcoming projects like Venom present an opportunity.
3. 5th Scape (5SCAPE)
Virtual Reality will become the interface between humans and machines as the world heads towards singularity. The effort tech giants put into developing VR technologies substantiates this fact.
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
This emerging VR trend has also come to the crypto ecosystem, with new projects like the 5th Scape leading. The project envisions a limitless world where everyone can experience the virtual realm from wherever they are.
The project recently launched the presale offering of its 5SCAPE token, which would become the native cryptocurrency of the 5th Scape platform. At press time, the presale is at stage 3, with over $2 million raised so far. In about five days, the project would conclude stage 3, which means there will be an upward review of its price from its current $0.00248 to $0.00285.
Early 5SCAPE investors would not only become a part of a revolutionary technology but also enjoy the significant ROI of early participation. The token is earmarked to go on exchanges at $0.1. The listing price gives a significant margin to early investors. Further information about the project is available on the project’s presale page.
4. MANTRA (OM)
mantra has seen over 254% price increase in the last 30 days. The token has witnessed a significant price increase following the growing popularity of the cryptocurrency RWA sector. Today, the token witnessed a further surge in price as it increased over 10% over its price yesterday.
The enterprise platform became crypto investors’ favorite after successfully securing over $11 million in funds to scale its RWA effort. The Mantra team is on a mission to bring the global financial system and real-world assets on-chain, and its layer one blockchain Mantra is the vehicle through which it hopes to achieve its dream.
According to Coingecko’s ranking, Mantra sits near the top of the RWA category with a market cap of about $571 million. At the current growth rate, the token would likely cross the $1 billion mark before the end of the year.
1/ #MANTRA is all set to embark on a revolutionary journey to bring the world's financial ecosystem onchain with its Assets Module built for businesses, institutions and developers.
Let’s delve into its core features and transformative capabilities 🧵 pic.twitter.com/28QEpNYpOj
— MANTRA | Tokenizing RWAs (@MANTRA_Chain) March 25, 2024
Data from the technical analysis of the token shows overall stability across several indicators. Furthermore, many bullish indicators applied to the charts show that Mantra still has room for a more bullish rally to the upside. Its moving averages and Macd readings all give strong buy signals. Hence, investors can expect to see more increases in the price of OM in the coming days. Conversely, Mantra trades below its 7-day high, which might force it into a sideways trend or momentary pullback as the token approaches the $0.9 range.
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