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It’s not business as usual in the crypto market, as the atmosphere has worsened over the past week. After some brief explosive gains that took the price of BTC to a new all-time high of $73,780.07, it tumbled into a significant pullback. This resulted in a massive decline in crypto prices.
Interestingly, many altcoins, including Hedera, Optimism, and Starknet, are not following BTC’s recent bearish 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
Crypto investors and traders are making moves to boost their profits or seize new opportunities. Some analysts suggest that the next big cryptocurrencies might be found among upcoming projects. Keeping this in view, it’s worth checking out 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. Optimism (OP)
Optimism is a solution for scaling Ethereum that uses optimistic rollups to boost the network’s efficiency and speed. This advancement is crucial for Ethereum’s growth, allowing more transactions to be processed securely and swiftly.
Transactions on Optimism are processed quickly and then securely anchored on the Ethereum mainnet, which benefits from strong security measures.
The native token of Optimism, OP, has shown signs of accumulation this week, with its price increasing to $2.53, marking a 6.78% gain. It has a solid support level at $2.30 and is approaching a key resistance point at $4.62, accompanied by significant trading volume.
One of the uses of Retro Funding is to use the grant to incentivize more creations on the Superchain, and benefit the Collective by driving more demand for block spaces on the Superchain. https://t.co/LzMVowJ4dY
— Optimism (@Optimism) May 1, 2024
Technical analysis indicates a bullish outlook as buyers demonstrate strong dedication. On the daily chart, Optimism is evident with the formation of a new higher low, and the Fear & Greed Index stands at 65, showing positive market sentiment. The token is trading above its 200-day simple moving average and is close to its peak in this cycle, suggesting room for further growth.
Additionally, OP shows significant liquidity due to its market capitalization. If the broader cryptocurrency market performs positively, it may surpass the next resistance level at $2.83 and reach $3.32.
2. Cosmos (ATOM)
Despite the ongoing market ups and downs, the price of Cosmos has been showing positive signs, increasing by around 3%. This suggests growing confidence in this altcoin among crypto traders.
Cosmos uses a network of connected blockchains to make transactions fast, efficient, and cheap. It also has a system that makes decentralized apps easier to understand. These unique qualities have helped Cosmos become a major player in the crypto industry.
At the beginning of 2024, the price of ATOM rose by 37.62% in just two months. However, it hit a barrier at $14.225 and stayed relatively stable for about a week.
Recently, the price of ATOM has been moving between $7.72 and $8.95, showing signs of correction. This is backed up by important indicators like the Relative Strength Index (RSI), currently at 34.43, indicating that ATOM isn’t being excessively bought. Also, the Stochastic oscillator is at 17.40, hinting at a potential price increase as it gets closer to the oversold area.
💥 The @agoric Orchestration launch is approaching!
Join Agoric & Calypso contributors in tomorrow's Interchain Jam Space for a deep dive into the Orchestration API's potential to unify the interchain UX.
Set a reminder ⬇️https://t.co/BMFJKOXkZL pic.twitter.com/JfDLRzTjAG
— Cosmos – The Interchain ⚛️ (@cosmos) May 1, 2024
The signs indicate that ATOM’s price has been going down, but there might be chances for it to go up again soon. The current signs show a mix of good and bad. Even though the negative MACD Level could mean it will keep going down, being close to oversold suggests it could go up again.
If the buyers keep gaining strength, ATOM crypto might reach $8.950. Also, if they can keep the price there, it could pave the way for Cosmos to try reaching $10.825 this month. If the token manages to go past $9.71, the next goal might be $10.95. Investors should keep an eye on how stable the coin is and what factors might cause it to go up or down.
3. WienerAI (WAI)
WienerAI combines dachshund traits with artificial intelligence to playfully reference sausages. It aspires to move beyond being just a meme coin and establish a significant presence in the cryptocurrency market.
WienerAI merges artificial intelligence and cryptocurrency trading to create a beginner-friendly platform. Its AI-powered trading bot uses predictive technology to analyze markets, offering easy-to-understand insights into potential investment opportunities.
By integrating AI into cryptocurrency trading, WienerAI can assist users in making profitable trading decisions. WienerAI also aims to build a lively and collaborative community within the meme coin sector.
Users can interact directly with the bot, asking questions about potential investments and receiving impartial analysis and advice. This feature simplifies trading cryptocurrencies across decentralized exchanges, enabling users to exploit profitable opportunities.
STAKE NOW and fill your wallet with beautiful Wieners!!!
Current staking apy is over 2000%!
Buy and stake here: https://t.co/FCpYSr1k8g
🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭 pic.twitter.com/FSIVZ3tXUr
— WienerAI (@WienerDogAI) April 21, 2024
Moreover, WienerAI has raised over $630,000 in presale investments. About 30% of the total token supply was reserved for the presale, while the rest was divided among staking rewards, community rewards, exchange liquidity, and marketing.
This successful start hints at a bright future for WienerAI and reflects a trend in crypto marketing. The project offers a high 1,340% APY for staking, attracting early users. However, as more people stake, these rewards decrease.
Combined with the presale pricing structure that rewards early buyers, this creates urgency for investors. Currently valued at $0.000702, the WAI token is expected to increase in price soon.
4. Starknet (STRK)
Starknet’s tech tackles the rising demand for scalability and privacy in blockchain apps. Easing Ethereum’s network traffic makes transactions quicker, smoother, and safer. This boosts its worth and will keep growing as more people use it and its tech improves.
The future of Starknet depends on how many folks start using it in the blockchain world. If it catches on, there could be big benefits as it adds more functions and more people start using it in the next few months.
Starknet’s made another leap toward hyperscaling! ✨@HerodotusDev's new Integrity Verifier now enables the verification of Stone proofs directly on Starknet.
This means devs can now reduce their appchain costs even further—and that’s on top of the other 🔥 benefits appchains… pic.twitter.com/TF3gKtGGNf
— Starknet 🦇🔊 (@Starknet) April 30, 2024
Starnet’s token price has fluctuated widely in the last month, going from $2.50 to $0.80. The price recently increased because Starnet announced a possible partnership with a big tech company, which excited investors about Starnet’s future.
But the excitement didn’t last long. People started selling to profit, and the market went down again. Even though this happened, Starnet still has good basics for the long run. More people are using it, and they keep improving the platform.
5. Hedera (HBAR)
Hedera (HBAR) is a digital currency linked to an open-source ledger. It uses Hashgraph consensus, which is fast, fair, and secure. This network provides various services, such as supporting smart contracts based on Solidity and tokenization. These services help build decentralized applications.
The price of Hedera has increased by 67.3% in the past year, showing strong positive trends. In the last week alone, it rose by 12%, and in the past two weeks, it rose by 18%.
Within seven days, its price changed from $0.08769 to $0.1761. This significant increase has made many people optimistic about its future. According to predictions, the price of Hedera might reach $0.2682 by the end of 2024. This makes it one of the top alternative digital currencies to invest in.
Moreover, Hedera strives to achieve carbon negativity by employing a low energy hashgraph consensus system. This effort aligns with initiatives such as the Crypto Climate Accord, aiming to decrease Hedera’s environmental footprint and prompt the wider cryptocurrency sector to embrace eco-friendly approaches.
#Hedera enters the top 3 chains by development activity 🛠️
Just getting started, #HBARbarians 👇https://t.co/Z78EwQYoBB pic.twitter.com/vTqaRAteUg
— HBAR Foundation (@HBAR_foundation) April 29, 2024
Hedera aims to become the go-to platform for secure, fast, and stable blockchain solutions. Through strategic partnerships and ongoing technological progress, HBAR has emerged as a leading topic of discussion within the industry. If the crypto can maintain its momentum and the bulls return, it has a lot of potential to be the next crypto to explode.
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