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It is not ‘business as usual’ in the crypto market as the atmosphere has deteriorated over the past week. After some brief explosive gains that took the price of BTC to a new all-time high of $73,780.07, the price plunged into a significant pullback. The incident resulted in a massive drop in crypto 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 posted gains over the same period, and higher gains are likely. It becomes clear that some of these tokens are the next cryptocurrencies that will explode.
Next cryptocurrency to explode
Crypto investors and traders want to seize new opportunities and make more profits. Some analysts suggest that the next big cryptocurrencies could be found among the upcoming projects. Keeping this in mind, it’s worth checking out WienerAI. The project aims to merge AI and crypto trading to create a powerful, easy-to-use trading platform. Below we look at updates on the project and its future.
1. Stacks (STX)
Stack’s STX is recovering, but its value is close to a resistance point. If the price crosses the $2.4 mark, experts predict that the price could rise to $2.9, which represents a significant increase of 20%.
As the broader crypto market regains speed, STX is turning heads for its potential gains. Investors are keeping a close eye on the fund and other assets, hoping that they can break heavy resistance barriers and trigger notable price gains.
At the same time, the Bitcoin Layer-2 network reached a major milestone, with a record number of active users. This increase is driven by the growing interest in Bitcoin-based DeFi, which has captured the market’s attention. The large number of accounts shows a growing interest in BTCFi, which emerged shortly after Bitcoin’s halving in 2024.
(re)Stacking Giveaway Day 4 🧡
Price:
– A $1000 basket of Stacks memecoinsAdmission requirements:
– Respond with your favorite SIP-10 token
– Pile $STX for cycle 84Check out the thread below on how to submit your proof of stacking 👇 (1/2) pic.twitter.com/BhtLRENYjA
— stacks.btc (@Stacks) May 3, 2024
Stacks (STX) recently saw a modest gain of over 9% in a week, boosted by positive market sentiment following the Bitcoin halving. Although Stacks has not yet reached $3, the forecasts suggest optimism and the Fear & Greed Index is at 67 (Greed). If the overall market gains momentum, Stacks is likely to maintain its positive sentiment and provide significant returns for investors.
2. ORDI (ORDI)
ORDI is a cryptocurrency that works within the Ordinals protocol ecosystem. It has been ranked as one of the best performing tokens among the top 100 tokens in terms of price increases over the past day. Within 48 hours, ORDI rose from $35.50 to $41.60, representing a growth of 17.55%. This increase offsets the previous week’s losses, leaving ORDI down less than 2.5% over the past seven days.
Currently priced at $32.5, ORDI is showing support and targeting a $95 target with significant trading volume, banking on Bitcoin’s bullish trend.
In Decentralized Finance (DeFi), ORDI is receiving attention for its role in innovation. DeFi faces scalability and user experience issues, which ORDI addresses through the Ordinals protocol. This protocol allows data to be embedded directly into Bitcoin’s smallest unit, the satoshi.
#ordithe first #BRC20 on #BTC now has a metaverse protocol called .ordimap
More than 50,000 ordimaps were registered in less than 72 hours https://t.co/kEgEUosP88
— Ordinal Protocols (@ordprotocols) February 15, 2024
Ordinals leverage the massive data storage potential of the Bitcoin blockchain, with 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 expect that partnerships with other platforms could boost ORDI’s value to $152.51 by 2024. This positive outlook underlines confidence in Ordi’s (ORDI) path, suggesting promising opportunities for substantial expansion.
3. Rendering (RNDR)
RNDR is getting attention alongside the launch of the Hong Kong Ethereum ETF. This cryptocurrency combines blockchain with cloud rendering and is becoming a standout choice as demand for such services grows.
Several technical indicators indicate a positive trend when analyzing the potential of RNDR. Currently, RNDR is exceeding the 50 and 100 day EMAs. Over the past month, the price has fluctuated between $10.72 and $7.43. Analysts expect the RNDR to reach $12.17 by the end of the second quarter of 2024.
With an easy-to-use interface and robust infrastructure, Render provides developers with a seamless platform for creating, deploying, and scaling applications. This allows developers to focus on solutions without the hassle of managing servers and infrastructure.
Announcing RNP-011: Piwa — Creating Millions of 3D Training Assets. Written by @EMostaque
“Stability AI will collaborate with the Render Network to create a dataset for 3D asset training. Leveraging the multi-actor composition of the Render Network, nodes, users and community members…
— The Render Network (@rendernetwork) March 27, 2024
Render’s emphasis on simplicity, reliability, and scalability makes it an attractive choice in decentralized computing. This allows developers to express their creativity and accelerate application development.
On the other hand, the price of the Render (RNDR) token has slowly approached the trendline support area at around $7.60 and is hovering around this level. Nevertheless, there is a positive trend, and market indicators point to a speedy recovery.
4. Dogecoin (DOGE)
Over the past day, Dogecoin’s value has risen by more than 15%, driven by growing interest and positive sentiments about the digital currency. This price increase shows how more people using Dogecoin can influence its value, often leading to higher prices.
On Friday, cryptocurrencies, including Bitcoin, began to rise again, providing hope that the recent decline might be over.
Dogecoin saw a big increase in value and continued its recovery from the low on May 1, when it was $0.1198. It is still going up, reaching $0.1656, up 19.41% over the past day. If today ends on a positive note, it will be the third day in a row that Dogecoin has made a profit.
Doge developer continues! There is much more to come for both the core and the ecosystem. https://t.co/s5EYEmR79S
— Dogecoin (@dogecoin) February 9, 2024
According to experts, Dogecoin network activity has recently skyrocketed, with 28,000 new addresses added in just one day. Furthermore, reports indicate that Dogecoin activity has surged, with a notable increase in the number of new addresses this week. On May 2 alone, 28,000 addresses were created, an increase of 102% from the low point earlier this week.
5. Wiener AI (WAI)
A new participant, WienerAI, is turning heads by taking a different route in the meme coin trend. WienerAI, an ERC-20 token, combines dog memes with advanced artificial intelligence and a touch of hot dog humor.
WienerAI combines various internet fads into a unique concept. This project combines animal memes, advanced AI and a touch of processed meat humor. The result is a token with distinctive branding, making AI more fun and accessible.
WienerAI has quickly built a strong and enthusiastic community. The playful branding lends itself well to viral marketing via memes.
WienerAI distinguishes itself by cleverly combining internet trends such as animals, AI and junk food in its marketing. This approach has worked well, as pre-sales have already generated over $300,000 in the first week, even during a difficult time for crypto. Investors can participate in the presale at the current price of $0.0003076 before it goes up.
BIG CHANGES on the website! 🌭🌭
Learn how WienerAI adds AI to your trading strategyhttps://t.co/FCpYSr1k8g pic.twitter.com/7aD2vMGsOb
— WienerAI (@WienerDogAI) May 3, 2024
In the world of meme coins, success depends on how well developers execute their plans. Wiener AIs unique branding, tokenomics, wagering rewards, big goals, and the ability to attract investors give it an edge in the race to become the top dog meme coin of 2024.
Visit the WienerAI presale
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