join us telegram A channel to stay up to date on breaking news coverage
since last update Next Cryptocurrency to Explode, the cryptocurrency market lost more than 5% of its market capitalization. Additionally, many cryptocurrency tokens have had to have significant price cuts. Bitcoin is currently trading near the $62 level and many traders are concerned about the possibility of further price declines.
Unfortunately, if the cryptocurrency market cap falls below its current price range, the price margins of many cryptocurrency tokens may shrink significantly. However, the overall outlook for the cryptocurrency market presents significant opportunities for investors who have been left out of the bull market. Here’s a quick overview of the top performers:
Next Cryptocurrency to Explode
The growing gap in risk-to-reward ratio has led investors to prefer pre-sale cryptocurrencies over traditional assets. Therefore, projects like 99Bitcoins are seeing huge influx of funds through token offerings. Within a few days of pre-sale, 99BTC attracted over $350,000 in investments. In today’s post, we examine the project and detail the pre-sale offer.
1. Phantom price (FTM)
Fantom has established itself as one of the ranks in the DeFi sector due to its unique consensus algorithm. Currently, the token’s ecosystem ranks first in the category with the highest intraday returns.
However, FTM has seen its price drop by more than 6% in the last 24 hours due to the bearish trend in the cryptocurrency market. Bearish pressure has pushed prices lower, with overall losses reaching 27% over the past seven days.
Nonetheless, FTM holders could see a breakthrough in the coming weeks due to the recently announced gas monetization program. The concept proposes distributing gas fees as a bonus to projects within the ecosystem that generate the highest gas fees.
According to a Twitter update, the Phantom Foundation will accrue 85,000 FTM per quarter. The platform believes that dApps generate the majority of ecosystem engagement and use cases.
1/ Get the latest news #fantasy Gas Monetization Quarterly Bonus đź’¸
🏆 We are distributing over 85,000 $FTM These are Fantom’s top 12 dApps that generated the most gas.
Congratulations to the innovative dApp that attracted the most user engagement! https://t.co/Ivl1VPKewH pic.twitter.com/hW0939iLAW
— The Phantom Foundation (@FantomFDN) April 15, 2024
The formal stablecoin project is another new initiative on the platform that will increase the future value of FTM. According to news from Phantom, the stablecoin USDC.e aims to ensure liquidity availability for DEXs on the FTM platform.
As a result, Fantom will likely see many more use cases in the future. Already the project is taking steps to secure First Mover benefits. When the bull market returns, it will be the boost FTM needs to take it to the next level.
2. Pepper (PEPE)
A few days ago, the price of PEPE surged due to the news of Pepe’s permanent feature listing on Coinbase. Typically, cryptocurrency token listings often result in significant price increases, and for popular cryptocurrencies such as PEPE, prices are expected to skyrocket. However, bearish sentiment in the cryptocurrency market has caused PEPE price to fall by more than 40% in the last 48 hours.
Despite the significant price reversal, technical analysis of the PEPE chart suggests a potential price reversal. As of press time, PEPE’s daily RSI (14) shows that the price is approaching the oversold range.
Additionally, chart patterns on the daily time frame indicate that investors are likely to see a marked uptrend in the days leading up to the Coinbase permanent listing. The perpetual futures listing date is set for April 18. However, the listing is for Coinbase International;
The likelihood that PEPE prices will surge in the future is relatively high. However, historical data from the cryptocurrency market shows that permanent listings do not always lead to price surges. Therefore, it is best to manage risks effectively and conduct detailed entry analysis. This is especially true for investors looking to take a short-term strategy. On the other hand, PEPE can earn higher returns through PEPE listing and event lineup in the market in that quarter.
3. 99 Bitcoin (99BTC)
The cryptocurrency industry has seen several innovative initiatives recently. but, 99Bitcoin We just raised the bar with our Learn-to-Earn project. 99Bitcoins offers two benefits to the cryptocurrency community. First of all, it teaches users everything they need to know about cryptocurrencies, especially Bitcoin. It also rewards you for doing so.
It is believed that people learn better when they are rewarded for acquiring new knowledge. Therefore, the 99Bitcoin opportunity is the best opportunity for anyone who has been left out of the cryptocurrency boom due to lack of in-depth understanding of the industry and technology.
At press time, the project is offering the opportunity to own 99BTC tokens at a discounted price. Interestingly, 99BTC is built on top of the emerging BRC-20 network, which is likely to be one of the major stories of the coming years.
Additionally, the price of 99BTC during pre-sale is $0.00101. This means that investors can acquire tokens for a fraction of their real value. Unfortunately, being available at that price means there’s a sense of urgency built into the pre-sale offer.
Our $BTC #airdrop It’s getting hotter! 🔥
We received over 1,500 entries in just 6 days! Don’t miss your chance to be one of the 99 lucky winners.
Join now! 👉 https://t.co/ZXji0s6ACe
$99BTC #Cryptocurrency giveaway #Ticketing pic.twitter.com/O89oXJp46Z
— 99Bitcoins (@99BitcoinsHQ) April 16, 2024
The world is on the verge of a dramatic change in the way people approach learning and acquiring knowledge. 99BTC We took a bold step by pioneering a decentralized implementation of reward-based learning. More information about the project can be found on our pre-sale page.
Visit 99Bitcoins Presale
4. MX Token (MX)
MX Token remains one of the best-performing cryptocurrencies on the market over the past three quarters. Since the start of the bear market, prices have risen by more than 150%. Surprisingly, MX has suffered only minor losses since the market entered a bearish trend in the second week of the quarter.
Overall, cryptocurrencies including Bitcoin and Ethereum have lost much of the gains they accumulated during the bull market, with the MX token gaining 5% over the past seven days.
In general, MX is one of the exchange tokens to watch in this bull market as it has shown tremendous potential against the downside. The bullish trend has been successfully maintained even when the market trends are different.
Analyzing the MX chart reveals a bullish MACD trend and MA value. Additionally, the 200-day EMA value is slightly lower than the current price. This indicates that MX still has a chance to maintain its bullish momentum despite the market downturn.
In general, as the use cases for MEXC, MX’s exchange platform, increase, its value increases. During bull markets, multiple projects often debut on the MEXC platform, dramatically increasing their use cases. If the cryptocurrency returns to a more favorable market, MX is likely to record further gains.
However, in the meantime, the token’s RSI readings are fairly close to the oversold range and trading volumes over the past 24 hours have been relatively low. The data signals selling pressure, which is likely to push prices lower. Investors looking at the asset should consider potential reversals when making decisions.
Learn more
SMOG – Meme Coin with Rewards
- Airdrop Season 1 Live Starts
- Earn XP to Win $1 Million in Stake
- Cointelegraph Special
- Staking Rewards – 42% APY
- 10% OTC discount – smogtoken.com
join us telegram A channel to stay up to date on breaking news coverage