{"id":507162,"date":"2024-04-16T17:35:01","date_gmt":"2024-04-16T17:35:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=507162"},"modified":"2024-04-16T17:35:01","modified_gmt":"2024-04-16T17:35:01","slug":"next-cryptocurrency-to-explode-tuesday-april-16-fantom-pepe-mx-token","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-tuesday-april-16-fantom-pepe-mx-token","title":{"rendered":"Next Cryptocurrency To Explode Tuesday, April 16 – Fantom, Pepe, MX Token"},"content":{"rendered":"

Since the last update on the <\/span>next cryptocurrency to explode<\/span><\/a>, the crypto market has lost over 5% market cap. Also, many crypto tokens have been forced to shed a significant portion of their prices. Currently, Bitcoin is trading near the $62 level, and many traders fear the possibility of further price drops. <\/span><\/p>\n

Unfortunately, many crypto tokens would lose significant price margins if the crypto market cap drops below its current price range. However, the overall outlook of the crypto market offers substantial opportunity to investors sidelined by the bull run. Below is a quick overview of the top performance <\/span><\/p>\n

Next Cryptocurrency To Explode<\/b><\/h2>\n

The widening gap between risk to reward ratio has forced investors to favor presale cryptocurrencies over legacy assets. Hence, projects like the 99Bitcoins are witnessing a stellar influx of funds with their token offering. Within days of the presale offering, the 99BTC has amassed over $350k in investment. Today’s post surveys the project and details its presale offering.  <\/span><\/p>\n

1. Fantom price (FTM) <\/b><\/h3>\n

Fantom maintains its status as one of the rankings in the DeFi sector due to its unique consensus algorithm. Today, The token’s ecosystem tops the category with the highest intraday gain. <\/span><\/p>\n

However, FTM has lost over 6% of its price in the last 24 hours due to the bearish trends in the crypto market. The pressure from the bears has forced a price decline, with an overall loss of 27% in the last seven days.<\/span><\/p>\n

\"FTM<\/p>\n

Notwithstanding, FTM holders may have a breakout in the coming weeks due to the recently announced Gas Monetization program. The concept offers to distribute gas fees as a bonus to projects in the ecosystem that generate the highest gas fees. <\/span><\/p>\n

According to its Twitter update, Fantom Foundation will set aside 85,000 FTM quarterly. The platform believes dApps generate most of its ecosystem’s engagement and use cases. <\/span><\/p>\n

\n

1\/ Announcing the latest #Fantom<\/a> Gas Monetization quarterly bonus 💸<\/p>\n

🏆 We're distributing 85,000+ $FTM<\/a> to the top 12 dApps on Fantom that have generated the most gas.<\/p>\n

Congratulations to these innovative dApps for driving the most user engagement!https:\/\/t.co\/Ivl1VPKewH<\/a> pic.twitter.com\/hW0939iLAW<\/a><\/p>\n

— Fantom Foundation (@FantomFDN) April 15, 2024<\/a><\/p><\/blockquote>\n