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While Bitcoin and alternative cryptocurrencies are experiencing price volatility, memecoins are surging to unprecedented heights, boasting double-digit increases. Meanwhile, other cryptocurrencies also show signs of readiness to surpass crucial resistance levels.
Many meme coins, like Shiba Inu and Cat in a Dogs World, 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. Notcoin (NOT)
Notcoin (NOT), which powers a popular play-to-earn game on Telegram, has gained significant attention in the crypto community. From May 24th to May 28th, Notcoin experienced a remarkable 115% rally. However, it has since encountered strong resistance at the $0.0099 level, just below the significant psychological barrier of $0.01.
A recent analysis revealed that the $0.0066 and $0.0068 levels were key resistance points. The bulls broke through these short-term barriers, demonstrating their strength this week. During the past two days of the rally, there were huge spikes in short liquidations. This indicated that many participants were betting against further gains and were subsequently forced to buy, pushing prices even higher.
Earlier this week, the $0.0072-$0.0075 range served as resistance. However, it has become a support level in the last 24 hours. Following this change, NOT prices climbed to $0.0099, a level that previously turned buyers away on the listing day. Currently, there is a short-term range between $0.0088 and $0.0099. This range might be the consolidation phase needed for NOT bulls to initiate another rally.
2. Shiba Inu (SHIB)
Shiba Inu (SHIB) has become a significant competitor to Dogecoin, earning the title “Dogecoin Killer.” With a passionate community and strategic efforts, SHIB has attracted a loyal base. New initiatives like ShibaSwap and other upcoming projects aim to boost its utility and value.
Recently, Shiba Inu surpassed Cardano in market capitalization, entering the top 10 cryptocurrencies. Cardano was among the top three in 2020-2021 but has now fallen to 11th place. Shiba Inu’s market value is currently $16.4 billion, slightly higher than Cardano’s $16.3 billion.
Shiba Inu’s dedicated supporters and ambitious plans suggest it is poised for significant growth, making it a strong candidate for substantial gains in the coming year. A recent investor success story has drawn global attention, involving a Shiba Inu holder who became active after being inactive for about three years.
This investor has turned an initial investment of $2,625 into over $1 million in just three years. The wallet address 0xe338 achieved an impressive return, multiplying the initial amount by nearly 419 times.
Three years ago, a dedicated member of our community took a leap of faith and invested in $SHIB. Today, they’re celebrating a monumental 419x gain! 🎉
This incredible journey showcases the power of patience, belief, and the potential of Shiba Inu. https://t.co/xJaPFaq7uA
— Shib (@Shibtoken) May 27, 2024
Additionally, the Shiba Inu development team is actively increasing the burn rate of their popular meme token, raising expectations for a potential price surge. Reports indicate that over 45% of SHIB tokens have already been burned. The main goal of burning tokens is to enhance their value. Along with the token burn, various changes in the token’s ecosystem are anticipated, which are expected to boost the token’s price significantly.
3. Cat in a dogs world (MEW)
About a month ago, Cat in a Dog’s World saw its value drop by 43%. Despite this, it remains an attractive investment. Known by the ticker MEW, it has made a significant impact in the current bull market, achieving a market cap of $443 million. This strong market entry suggests it has the potential to grow into a billion-dollar entity.
Considering its current growth and the market’s enthusiasm, its value could increase tenfold by the end of this bullish phase. The price surge of Cat in a Dog’s World (MEW) has recently drawn much attention from crypto investors. In the past 24 hours, MEW’s price rose by 17.03%, and its market cap increased by 16.87%.
Analysts are hopeful about its future, especially in the current bullish market. MEW is likely to reach its all-time high again before the end of the year.
🚀 #TrendingCoin – $MEW @MewsWorld
🔥Cat in a dogs world, a cat-themed meme coin on #Solana, has seen its native token $MEW surge 19.4% in 24 hours, currently trading at $0.0039.
❓Wondering why it is so trending? Learn more below👇
📈 Trade now: https://t.co/mGakT5KeAF pic.twitter.com/qCPN32YYSm
— Gate.io (@gate_io) May 28, 2024
MEW token stands out not just for its strong price performance but also for its innovative developments and distinctive features. The project has attracted attention due to its cat-themed content, offering a fresh alternative to the more common dog-themed coins in the meme coin sector. This theme has appealed to investors and boosted MEW’s popularity.
4. WienerAI (WAI)
WienerAI is a new meme coin centered around a dog theme, merging two popular trends in cryptocurrency: AI and meme coins. It stands out by integrating AI features, offering a level of utility not usually found in fun-focused meme cryptos. With an advanced AI trading bot, WienerAI gives investors a smart, user-friendly on-chain assistant to boost their profit potential.
The WienerAI ecosystem includes a smooth swap protocol and MEV protection, all with no fees. Driven by growing interest in its innovative approach, the WienerAI (WAI) presale is close to reaching the $3.7 million mark. For those familiar with the current crypto market, strong support for this project is expected.
🌭Wiener AI is on the move!🌭
Big day for our development team. The AI Trading Bot interface is getting closer to completion. pic.twitter.com/AntAqQVnsr
— WienerAI (@WienerDogAI) May 28, 2024
First, its AI-powered trading bot addresses multiple user experience issues in DeFi. It makes on-chain trading instant, free of fees, beginner-friendly, and resistant to MEV. Additionally, the bot helps users improve their trading skills by answering questions and searching the market for optimal trading opportunities. This highlights WienerAI’s impressive utility and its strong ability to generate excitement.
Staking allows crypto users to grow their holdings through compound interest. Most crypto projects offer an annual percentage yield (APY) below 10%. For example, ETH staking can yield up to 7% APY, while SOL staking provides up to 8% APY. In contrast, staking WienerAI is much more profitable. The rewards reach an astonishing 319% APY, although this rate will decrease as the staking pool expands.
Visit the WienerAI Presale Here
5. Axelar (AXL)
Axelar provides secure communication between different blockchains. This allows dApp users to access any asset or application on any blockchain with just one click. It’s similar to how Stripe functions in the Web3 space. Developers can use a straightforward API on top of a permissionless network that manages message routing and network security through proof-of-stake consensus.
Axelar is a blockchain that acts as a secure bridge linking various blockchains. It ensures high security using proof-of-stake consensus. Network validators are essential as they create new blocks, engage in multiparty signing, and vote on external chain states, maintaining the network’s integrity and security.
Find out how programmable interoperability ⏩ chain abstraction for DeFi on new chains like @LineaBuildhttps://t.co/8ZI7jqIvaT
— Axelar Network (@axelarnetwork) May 29, 2024
The current price of AXL is $1.05, up 10.84% in the past 24 hours. Additionally, the cryptocurrency is trading 120.91% higher than the 200-day Simple Moving Average (SMA), which is $0.477891. The price prediction for AXL is optimistic, as indicated by a Fear & Greed Index score of 72, which falls under “Greed.” This suggests a rise in token transactions and growing optimism for an uptrend.
Find out how programmable interoperability ⏩ chain abstraction for DeFi on new chains like @LineaBuildhttps://t.co/8ZI7jqIvaT
— Axelar Network (@axelarnetwork) May 29, 2024
Moreover, there is more good news for users of the Axelar network. They are not required to hold AXL tokens themselves. Instead, conversions into AXL tokens and the corresponding destination-chain tokens are managed automatically in the background. This means users only need to pay the gas fee once for the source-chain token.
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