TRADING NEWS

Next Crypto Explosion Saturday May 4 — Stacks, ORDI, Render, Dogecoin

By 7 Mins Read
Next Crypto Explosion Saturday May 4 — Stacks, ORDI, Render, Dogecoin

join us telegram A channel to stay up to date on breaking news coverage

With the mood worsening over the past week, it is not business as usual for the cryptocurrency market. A brief explosive rally that pushed the price of BTC to an all-time high of $73,780.07 was followed by a significant decline. This incident caused a significant drop in cryptocurrency prices.

Interestingly, many altcoins, including Hedera, Optimism, and Starknet, are not following BTC’s recent bearish trend. Based on the market data of these cryptocurrencies, some have recorded profits in the same period and are likely to achieve higher profits. Some of these tokens are Next Cryptocurrency to Explode.

Next Cryptocurrency to Explode

Cryptocurrency investors and traders are striving to seize new opportunities and generate more profits. Some analysts suggest that the next cryptocurrency could be discovered in an upcoming project. With this in mind, it’s worth checking out WienerAI. The project aims to create a powerful and user-friendly trading platform by integrating AI and cryptocurrency trading. Below we’ll give you an update on the project and future plans.

1. STX

STX in the stack is on the rise, but its value is near the resistance point. Experts predict that if it breaks above $2.4, it could surge to $2.9, marking a significant gain of 20%.

As the cryptocurrency market revitalizes, STX’s potential profits are attracting attention. Investors are watching this and other assets closely, hoping they can overcome strong resistance barriers and trigger a notable price surge.

stack price chart

At the same time, the Bitcoin Layer-2 network reached a major milestone with a record number of active users. This increase comes amid growing interest in Bitcoin-based DeFi, which is gaining market traction. The high number of accounts indicates growing interest in BTCFi, which emerged shortly after the Bitcoin halving in 2024.

STX (STX) recorded a slight gain of over 9% in a week, driven by positive market sentiment following the recent Bitcoin halving. Stax has not yet reached $3, but forecasts are bullish, with a Fear and Greed Index of 67 (greed). As the overall market gains momentum, Stacks will maintain positive vibes and deliver significant returns to investors.

2. ORDI

ORDI is a cryptocurrency that operates within the Ordinals protocol ecosystem. It was ranked as one of the best performing tokens among the top 100 tokens in terms of price increase over the past day. Within 48 hours, ORDI surged from $35.50 to $41.60, recording a growth of 17.55%. These gains offset last week’s losses, leaving ORDI down less than 2.5% over the past seven days.

ORDI, currently priced at $32.5, is hitting its $95 target and showing support with significant trading volume thanks to Bitcoin’s bullish trend.

ORDI price chartORDI price chart

ORDI is attracting attention for its innovative role in decentralized finance (DeFi). DeFi faces scalability and user experience challenges that ORDI solves with its Ordinals protocol. This protocol allows data to be inserted directly into satoshi, the smallest unit of Bitcoin.

Ordinals leverages the massive data storage potential of the Bitcoin blockchain, which boasts approximately 2,100 trillion satoshis. This makes Ordi (ORDI) a notable player in DeFi, with promising implications for the future of this dynamic sector.

Experts predict that through partnerships with other platforms, ORDI’s value could rise up to $152.51 by 2024. This positive outlook highlights our confidence in Ordi’s (ORDI) path and suggests promising opportunities for substantial expansion.

3. Rendering (RNDR)

RNDR is attracting attention with the launch of the Hong Kong Ethereum ETF. This cryptocurrency integrates blockchain with cloud rendering, making it an excellent choice as demand for such services increases.

Various technical indicators suggest a positive trend when analyzing the potential of RNDR. The RNDR is currently above the 50-day and 100-day EMAs. Over the past month, prices have ranged from $10.72 to $7.43. Analysts expect RNDR to reach $12.17 by the end of the second quarter of 2024.

Render Pricing ChartRender Pricing Chart

With a user-friendly interface and powerful infrastructure, Render provides developers with a seamless platform for creating, deploying, and scaling applications. This allows developers to focus on their solutions without the hassle of managing servers and infrastructure.

Render’s focus on simplicity, reliability, and scalability makes it an attractive choice for distributed computing. This allows developers to unleash their creativity and speed up application development.

On another note, the price of the Render (RNDR) token has slowly approached the trendline support area at around $7.60 and remains there. Nonetheless, positive trends are emerging and market indicators suggest a rebound is possible soon.

4. Dogecoin (DOGE)

The value of Dogecoin has increased by more than 15% over the past day due to rising interest and positive sentiment towards the digital currency. These price increases show how more people using Dogecoin can affect its value, which often leads to higher prices.

On Friday, cryptocurrencies, including Bitcoin, began to rise again, giving hope that the recent decline may be coming to an end.

Dogecoin price chartDogecoin price chart

Dogecoin has risen significantly in value, continuing its recovery from the low of $0.1198 on May 1. It still rose, reaching $0.1656, up 19.41% over the past day. If today ends on a positive note, it will be Dogecoin’s third consecutive day of gains.

Dogecoin’s network activity has surged recently, with 28,000 new addresses created in just one day, according to experts. Additionally, reports show that Dogecoin has seen a surge in activity this week, with a notable increase in new addresses. On May 2nd alone, 28,000 addresses were created, a 102% surge from the low point earlier in the week.

5. Winner AI (WAI)

freshman, Winner AI, It is attracting attention by taking a different approach to the meme coin trend. WienerAI, an ERC-20 token, mixes dog memes, advanced artificial intelligence, and a bit of hot dog humor.

WienerAI fuses various Internet crazes into one unique concept. This project mixes animal memes, cutting-edge AI, and a bit of processed meat humor. The result is a token with unique and clever branding that makes AI more fun and accessible.

WienerAI quickly gained a strong and passionate community. Fun branding is perfect for viral marketing through memes.

WienerAI stands out by smartly combining internet trends such as animals, AI, and junk food into marketing. This approach worked well. Even during difficult times for cryptocurrencies, pre-sales have already raised over $300,000 in the first week. Investors can participate in the pre-sale at the current price of $0.0003076 before the price rises.

In the world of meme coins, success depends on how well developers execute their plans. WienerAI’s Unique branding, token economics, rewards for staking, big goals, and ability to attract investors will put it ahead of the competition to become the best dog meme coin of 2024.

Visit WienerAI Presale

Learn more

SMOG – Meme Coin with Rewards

smog tokensmog token
  • Airdrop Season 1 Live Starts
  • Earn XP to Win $1 Million in Stake
  • Cointelegraph Special
  • Staking Rewards – 42% APY
  • 10% OTC discount – smogtoken.com

smog tokensmog token


join us telegram A channel to stay up to date on breaking news coverage

Share.

Related Posts

Add A Comment

Comments are closed.