{"id":511554,"date":"2024-04-24T18:36:17","date_gmt":"2024-04-24T18:36:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=511554"},"modified":"2024-04-24T18:37:21","modified_gmt":"2024-04-24T18:37:21","slug":"next-cryptocurrency-to-explode-tuesday-hedera-bonk-ondo-mumu-the-bull","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-tuesday-hedera-bonk-ondo-mumu-the-bull","title":{"rendered":"Next Cryptocurrency To Explode Tuesday \u2014 Hedera, Bonk, Ondo, Mumu the Bull"},"content":{"rendered":"

The overall crypto market trends signal the return of the memecoin season. Many of the assets in the category might become the <\/span>next cryptocurrencies to explode<\/span><\/a>. While the bull runs in current at full speed, memecoins like PEPE, BONK, FLOKI, etc., are printing dramatic gains. <\/span><\/p>\n

Despite growing interest in memecoins and DePIN tokens, Bitcoin remains the driver of the current bull run. Bitcoin sets the pace of the market, and owning a significant amount of BTC could offset any downside incurred on mistimed investment.<\/span><\/p>\n

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

Attention in the crypto market in the coming month will go toward the mining sector and making the most of the post-Bitcoin halving market. Hence, investors can capitalize on the moment and take a position in upcoming tokens like the 5th Scape. The project aims to revolutionize user interactions with virtual environments by blending innovation with entertainment. This post covers the details of its presale.<\/span><\/p>\n

1. Hedera (HBAR)<\/b><\/h3>\n

HBAR, Hedera Hashgraph’s cryptocurrency, saw a massive 100% increase of $0.18. BlackRock, a major financial company, announced on April 13 that it would use Hedera Blockchain to tokenize its money market fund. This news boosted HBAR’s price, surpassing previous highs in April.<\/span><\/p>\n

Archax (the HBAR Foundation) and Ownera (a digital assets platform, collaborated to achieve this milestone, similar to Abrdn’s tokenization of its MMFs on the Hedera blockchain last year. abrdn is the UK’s largest wealth manager, adding significance to this move in the crypto world.<\/span><\/p>\n

\"Hedera<\/p>\n

This development spurred a surge in HBAR trading volumes, reaching $2.3 billion, a 5440% increase. It’s the first time in two years that HBAR surpassed $0.15. If the bullish trend continues, the rally may reach all-time highs.<\/span><\/p>\n

The Relative Strength Index (RSI) supports the bullish outlook, suggesting growing momentum for HBAR.<\/span><\/p>\n

https:\/\/twitter.com\/HBAR_foundation\/status\/1782759384742813951<\/p>\n

After reaching $0.1817, HBAR may aim for psychological levels like $0.2000 or $0.3000 if the bullish trend persists. However, this depends on HBAR bulls refraining from profit-taking.<\/span><\/p>\n

HBAR’s price is currently bullish, with the MACD line above the MACD Signal line on the 4-hour chart. Traders should monitor the RSI indicator, particularly for a narrowing gap between the RSI and its Simple Moving Average (SMA) line. <\/span><\/p>\n

2. Bonk (BONK)<\/b><\/h3>\n

Bonk emerged during the meme coin frenzy, propelled by community efforts and online buzz. Although its rise was rapid, Bonk’s reliance on viral trends exposes it to significant price swings. This emphasis on popularity rather than technology or usefulness raises concerns for its long-term stability, especially in a market where fundamentals matter more than hype post-halving.<\/span><\/p>\n

Bonk saw a remarkable 30% increase in a single day, drawing attention from experienced cryptocurrency traders. Its sharp ascent was particularly striking in a market known for its unpredictability. Currently, BONK boasts a market capitalization of $1.76B and is priced at $0.00002664.<\/span><\/p>\n

\"BONK<\/p>\n

BONK has grabbed investors’ attention with a total volume of about $580 million. As soon as it got listed on Revolut, its value shot up roughly 30%. Coinmarketcap noticed a nearly 30% rise in Bonk’s trading volume within 24 hours, making it more visible in the market.<\/span><\/p>\n

This sudden demand for Bonk has also attracted investors to Solana’s ecosystem. Experts predict this could lead to a price increase of about 22.80% to reach $174.48, potentially positioning Solana as one of the leading cryptocurrencies.<\/span><\/p>\n

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BONK had a blast sponsoring @CryptoFightWeek<\/a>’s #CFN4<\/a><\/p>\n

Awesome 📸 here of the main event with @blknoiz06<\/a> & @barneytheboi<\/a> by @JNSilva_<\/a>#LetsBONK<\/a> ❗️❗️❗️ pic.twitter.com\/C5rnTNAtpT<\/a><\/p>\n

— BONK!!! (@bonk_inu) April 20, 2024<\/a><\/p><\/blockquote>\n