Next cryptocurrency to explode Thursday April 18 – Pyth Network, Dogecoin, Injective

Bitcoin continues its choppy trends even as the market approaches the halving. Ideally, the price of BTC would enter an uptrend before the halving date. However, the price has moved mainly between $64,000 and $62,000 for many days of the week.

In general, investors expect a trend reversal after the halving. However, the chances of a turnaround depend on the inflow of funds into the crypto market. In the meantime, funds are switching to Altcoins as several alts gradually record trend reversals.

Next cryptocurrency to explode

In a few days, the crypto will now have a new Dogecoin crypto to make Doge Day. DOGE20 went live today on decentralized exchange Uniswap, ahead of Doge Day. Today’s post spotlights the project and shares details investors need to know.

1. Dogecoin20 (DOGE20)

Doge-themed coins may soon have their day. In about two days, the crypto community will celebrate Doge Day. April 20 has been set aside as the date to remind the world that cryptocurrency is not just about finance and technology. It’s meant to bring some fun to the ecosystem.

Besides being a day for crypto enthusiasts to have fun, the date is also a few days away from the Dogecoin20 date of mention. The DOGE20 has been on pre-sale for a few weeks now and investors are finally getting their chance to trade the token on an exchange platform. The tokens list was announced today on the project’s official Twitter account.

The team has had remarkable success offering the token for pre-sale, raising over $10 million in pre-sale funds and amassing a community of thousands of enthusiastic fans. Dogecoin20 Twitter handle has thousands of followers across different age categories. The growing engagement on Twitter also proves the potential of the new crypto project.

The world is about to find out how the DOGE20 community would impact the crypto market. A recent announcement on the official Twitter account reveals that the token is now live on Uniswap and its liquidity has been locked.

So, investors can now trade the token, and early investors who participate in the presale can earn ROI on their investment. however, the DOGE20 token has a 7 day lock period to preserve the value of the token. The project’s website and Twitter account provide more information about the stock exchange listing. It also guides investors in claiming their tokens.

Visit the Dogecoin20 website

2. Dogecoin (DOGE)

Since Solana’s rise as the platform of choice for meme culture, cat-themed meme crypto has taken over the trend. Dogecoin, a dog-themed cryptocurrency, dominated the previous bully cycle. In a few days, the crypto community would celebrate a fun crypto day, codenamed Doge Day.

Even though there is negligible expectation of the day, it could result in a marginal increase in the price of DOGE tokens. Investors who take a position in Dogecoin ahead of Doge Day could earn a marginal ROI despite a market-wide decline in the crypto price.

DOGE’s price is already up over 2% in the past 24 hours and the token’s trading volume is up 6% from the declining price action of the past 7 days. Currently, the token has an RSI value of 57 on the weekly time frame and an ADI value of 43. The indicators indicate that the bulls have the potential to keep the token in a continued uptrend.

Moreover, at the time of writing, Dogecoin’s MACD value remains bullish in the uptrend, and the Ema50 and EMA200 values ​​indicate a bullish trend as they are above the current price. DOGE shows strength for the upside in a short time and offers investors the opportunity to get a marginal ROI from the market. However, the market’s excessive outlook remains bearish, and this could impact the long-term value of the asset.

3. Pyth Network (PYTH)

Python Network was one of the crypto tokens that gained significant value in the early days of the bull market. At the market’s peak, PYTH was valued at over $1. It outperformed several of the top cryptocurrencies.

However, PYTH has lost a significant portion of its profits to the bearish trends in the crypto market. The token is now valued at approximately $1, almost 40% below its peak value. The market capitalization is also significantly lower than what was recorded in the uptrend.

Nevertheless, PYTH is one of the crypto tokens to watch in this market. At the time of writing, the token is in a reversal trend with gains of over 5% in the last 24 hours. In addition to rising prices, PYTH has also seen a slight increase in trading volume, going against general market trends.

Overall, this price action suggests the return of investor interest in the asset, which could cause a marginal increase in price. Furthermore, PYTH’s current price is relatively closer to its ATH value than most altcoins. The ability to break the ATH in the near term could have a significant impact on the market’s perception of PYTH potential. PYTH’s TVL on various networks is also increasing, according to a social media post.

Investors looking at crypto tokens for short-term trading opportunities should include PYTHON in their watchlist as the token has potential for further upside. Furthermore, Pyth Network offers a unique service in the crypto industry, meaning its assets will remain in constant demand.

4. Injective (INJ)

Injective’s price is up over 15% today and is priced at $28 at the time of writing. INJ is also among the biggest crypto winners of the bull market, gaining over 400% at the peak of the trend. Investors are praising the token as one of the best performers as its price rose from around $9 in October to around $55 in March.

However, there are signs that INJ may be on its way to the next step up. Technical analysis of the token shows that investors can potentially take a position for short-term gains; However, the long-term moving average indicator on the daily chart shows that long-term investors could continue to appreciate the asset as the current price trend is below the 200-day EMA.

Nevertheless, the 10-day EMA shows a trend reversal, positioning the token as an ideal opportunity for short-term investments. Moreover, INJ’s crypto burn strategy provides the channel to preserve its value in the long term. Although the token may not return to its peak value anytime soon. It would continue to push the boundaries of its price in the coming days.

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