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There is a general downturn in the market as major cryptocurrencies are currently registering a price drop. Over the past 48 hours, BTC has lost a significant portion of its recent gains, with its price falling from a high of $73,000 to $67,000. While many investors view it as an opportunity to buy the dip, others view it as an indication that the funds are about to turn into altcoins.
Indeed, altcoin prices have soared in the past 24 hours. Many of the tokens on today’s winners list are posting gains of as much as double digits. Therefore, the search for the next cryptocurrencies to explore is increasing.
Next cryptocurrency to explode
To help investors narrow down their search, today we’ve compiled a list of the best-performing cryptocurrencies. Likewise, the overview of the upcoming crypto project, Green Bitcoin, is captured in the post. The project offers promising prospects and the post shares everything about the pre-sale offer.
1. Synthetix (SNX)
Synthetix is another DeFi asset to keep an eye on in the coming week. The token recently registered a massive surge following Uniswap’s governance policy update. The 25% price increase strengthened SNX’s prospects in this bull market. So, investors should take note of SNX as it could see notable price action in the coming weeks, especially as the market anticipates the halving month.
At the time of writing, SNX is fluctuating between price consolidation and decline. The token is trading close to its resistance zone of $4 – $5, which has kept investors on the sidelines. Nevertheless, the technical analysis applied to the SNX chart shows that token holders are still holding on to their assets in the long term.
Also, the short-term EMA indicates that new buyers are buying more coins at the current price, and that demand for tokens is increasing with rising costs. The trend is confirmed by the SNX price, which is trading at a much higher value than the 10-day and 20-day EMA and SMA.
However, the $3 support could provide the momentum SNX needs to continue its climb above the $4 price. Above that range, there is minimal resistance to force SNX into a pullback, meaning it has a runway to the $7 – $8 range. Furthermore, the ongoing token burn would likely force its value to rise as circulating supply decreases.
Another week, another $1.12 million in fees!
Synthetix Perps on @Optimism included 80% of all weekly fees, while the remaining 20% consisted of L1 spot synths and L1 loan payouts.
This week’s $1.12 million in sUSD went to $SNX strikers, thereby reducing debt. pic.twitter.com/hxn7izJLst
— Synthetix ⚔️ (@synthetix_io) March 14, 2024
Above all, it is best to investigate the token further, especially as the market turns away from DeFi 1.0 and DePIN takes over the interest sector.
2. Aave (AAVE)
The DeFi sector may return to take its place as investors are happy that the assets in the sector are witnessing price increases. In the last 24 hours there has been an overall increase of 5% in the trading volume of assets in the sector.
AAVE is one of the best performing crypto assets in the industry. The country recently experienced a price surge that sent the price up by over 20% and has since settled for a relatively sideways trend. The trend is an accumulation period as interest in DeFi assets increases.
Therefore, there is a good chance that the price of AAVE will rise further in the coming week. Moreover, the MACD value of the AAVE chart shows that there is still room for more bullish price action.
There is also a dramatic drop in the asset’s RSI value. It recently dropped to 71. The downward trend in the RSI value shows that the token is gradually reaching its true value. With this, we may see a return to an upward trend.
Likewise, AAVE has some major obstacles to overcome on its way to the top. Once it finds support in its ongoing retracement, the chances of breaking above the $156 – $160 price range are quite high.
It is best to keep an eye on AVAX trends as it is poised to become one of the next cryptocurrencies to explode. Moreover, its extensive use in flash loans makes it one of the best cryptocurrencies for long-term strategies.
3. Conflux (CFX)
Conflux has dashed investors’ hopes, wiping out investor interest in the asset. Last year, the platform’s partnership with China Telecom to create a blockchain-based SIM card in China increased crypto investors’ expectations for CFX. However, the project’s failure to reach its potential and strict Chinese crypto regulation have forced the token to its knees.
Nevertheless, CFX is currently looking on the bright side as the bull market is helping to revive it. Over the past seven days, the CFX price has risen by more than 39%. The trend shows growing investor interest in the price, and it could also lead to a steady increase in demand for the CFX token.
The sudden increase in asset price can be traced to the recent upgrade of the network. There has also been an increase in collaboration between the platform and others in the industry. Furthermore, crypto laws on the Asian continent are being revised and are becoming increasingly welcoming to cryptocurrency projects. That’s why assets like Conflux are gradually gaining popularity.
???? Announcing Conflux v2.3.5 testnet upgrade!
This update is essential for improving the performance and reliability of your nodes.
Key improvements in v2.3.5:
???? Bug fixes for compatibility issues, allowing archive nodes to sync correctly.
???? Settlement of a transaction…
— Conflux Network official (@Conflux_Network) March 12, 2024
Ultimately, the CFX could see further gains in the coming months. One advantage it has over many other assets in the market is its dominance on the Asian continent. As the market becomes more receptive to cryptocurrencies, the potential of the CFX will unfold.
4. Green Bitcoins (GBTC)
It’s been a fascinating ride for the Green Bitcoin community and the team is considering a stock market listing announcement. While investors wait for the listing update, there is still room to buy more of the token at a discount as the presale offering is live.
At the time of writing, the project has raised over $5 million to reach its hard cap goal of $7 million. Surprisingly, the recent increase in cash inflows towards pre-sales has happened quickly. The new development shows that the general shift in investor interest towards altcoins is reflected in presale cryptocurrencies.
As the crypto market gears up for a new phase of the bull run, it is essential to take note of assets like the GBTC, designed to ride the halving wave and ride to the top. The performance of tokens like the BOME shows that the crypto market favors newly launched assets with the potential for explosive growth.
With a record day yesterday and stock market listing announcements around the corner, the time for Green Bitcoin is NOW! pic.twitter.com/V4rG231djX
— Green Bitcoin (@GreenBTCtoken) March 16, 2024
With its intuitive and comprehensive staking tool, GBTC is ready to get off to a great start in the exchange business. The combination of Bitcoin’s story and Ethereum’s robust utility and efficiency also gives Green Bitcoin a story that resonates with the Crypto community.
As the narrative of a more efficient cryptocurrency platform becomes widespread, the resulting effect would be growing adoption of the underlying token, the GBTC. More details about the project overview, tokenomics and pre-sale activities can be found on the pre-sale page.
Visit Green Bitcoin Presale
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