The following cryptocurrencies will explode on Thursday April 18th – Pyth Network, Dogecoin, Injective

adminApril 19, 2024

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Bitcoin continues its choppy trend even as the market approaches its halving event. Ideally, the BTC price will trend upward before the halving date. However, the price fluctuated primarily between the $64,000 and $62,000 range during various days of the week.

Investors typically expect a trend reversal after the halving. However, the likelihood of a reversal depends on the inflow of funds into the cryptocurrency market. In the meantime, the fund is switching to altcoins as several altcoins gradually record trend reversals.

Next Cryptocurrency to Explode

In just a few days, cryptocurrencies now have a new Dogecoin cryptocurrency to make Doge Day. DOGE20 was launched today on decentralized exchange Uniswap ahead of Doge Day. In today’s post, we highlight the project and share details investors need to know.

1. Dogecoin 20 (DOGE20)

Doge themed coins will be released soon. In about two days, the cryptocurrency community will celebrate Doge Day. April 20th has been designated as a day to remind the world that cryptocurrencies are not just about finance and technology. We aim to add fun to the ecosystem.

Not only is it a day for cryptocurrency enthusiasts to have fun, the date is also a day for cryptocurrency enthusiasts to have fun. Dogecoin 20 Listing date. DOGE20 has been pre-sold for several weeks and investors have finally had the opportunity to trade the token on exchange platforms. The token listing was announced today via the project’s official Twitter handle.

The team has achieved incredible success, offering a pre-sale of tokens, raising over $10 million in pre-sale funds, and amassing a community of thousands of passionate fans. The Dogecoin20 Twitter handle boasts thousands of followers across various age groups. The increased engagement on the Twitter handle also proves the potential of the new cryptocurrency project.

The world is waiting to see what impact the DOGE20 community will have on the cryptocurrency market. According to a recent announcement on their official Twitter handle, the token is currently live on Uniswap and liquidity is locked.

So now investors can trade the tokens, and early investors who participated in the presale can get ROI on their investment. which doji 20 Tokens have a lockup period of 7 days to preserve the value of the tokens. The project website and Twitter handle provide additional information about the exchange listing. We also guide investors on how to claim their tokens.

Visit Dogecoin20 website

2. Dogecoin (DOGE)

Since Solana emerged as a platform for meme culture, cat-themed meme cryptocurrencies have taken over the trend. Dogecoin, a dog-themed cryptocurrency, dominated the previous bullying cycle. In the coming days, the cryptocurrency community will celebrate a fun cryptocurrency day codenamed Doge Day.

Even if expectations for the day are minimal, the DOGE token price may rise slightly. Investors who took positions in Dogecoin ahead of Doge Day may see negligible ROI despite a market-wide decline in cryptocurrency prices.

Already, the price of DOGE has risen by more than 2% in the last 24 hours, and the token’s trading volume has increased by 6% compared to the price decline over the past 7 days. Currently, the token’s RSI reading on weekly time frames is 57 and ADI value is 43. The indicators suggest that the bulls are likely to keep the token in a sustained upward trend.

DOGE price chart

Moreover, Dogecoin’s MACD reading is still bullish against an uptrend at the time of this writing, while the Ema50 and EMA200 readings are trending higher than the current price, indicating a bullish trend. DOGE demonstrates short-term upside potential and provides investors with the opportunity to gain marginal ROI from the market. However, the market’s over-performing outlook remains bearish and this could impact the long-term value of the asset.

3. PYTH Network (PYTH)

Python Network was one of the cryptocurrency tokens that accumulated significant value early in the bull market. At the peak of the market, PYTH was worth over $1. It surpassed several top cryptocurrencies.

However, PYTH lost a significant portion of its gains due to the bearish trend in the cryptocurrency market. The token is currently worth approximately $1, almost 40% below its peak value. The market capitalization also fell significantly compared to the upward trend.
PYTH price chart

Nonetheless, PYTH is one of the cryptocurrency tokens to watch in this market. As of press time, the token is showing a reversing trend, rising more than 5% in the last 24 hours. In addition to the price increase, PYTH has also seen a slight increase in trading volume compared to the overall trend in the market.

Typically, this price action signals a return of investor interest in the asset, which may cause the price to rise slightly. Additionally, the current price of PYTH is relatively closer to the ATH value than most altcoins. The possibility of breaking ATH in the near term could have a significant impact on market perception of PYTH potential. PYTH’s TVL across various networks is also increasing, according to posts on its social media handles.

Investors looking for cryptocurrency tokens for short-term trading opportunities should include PYTHON on their watchlist. Because the token has the potential for further upside. Additionally, Pyth Network provides unique services in the cryptocurrency industry, ensuring continued demand for these assets.

4. Injection (INJ)

Currently, the price of the injectable drug has increased by more than 15% and is $28 at the time of this writing. INJ was also one of the top cryptocurrency gainers during the bull market, posting a gain of over 400% at the peak of the trend. Investors praise this token as one of its best performances, as its price rose from around $9 in October to around $55 in March.

INJ price chart

But there are signs that INJ could take another leap forward. Technical analysis of the token allows investors to take positions for short-term profits. However, the long-term moving average indicator on the daily chart shows that investors can hold on to the asset for the long term as the price is currently trending below the 200-day EMA.

Nonetheless, the 10-day EMA shows a trend reversal, positioning the token as an ideal opportunity for short-term investments. Additionally, INJ’s cryptocurrency burning strategy provides a path to preserve value over the long term. The token may not return to its peak value anytime soon. We will continue to push the price envelope in the future.