Next cryptocurrencies set to explode on Friday, April 26th — Wormhole, Near Protocol, Baby Doge Coin, Helium

adminApril 27, 2024

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Cryptocurrency markets could experience a new bounce today as cryptocurrency asset prices rose significantly. Last week, Bitcoin fell 1.46%, while Ethereum rose 0.84%. The overall market sentiment appears bearish, as evidenced by the Fear/Greed Index of 60.

In today’s article, we take a look at the performance of the top cryptocurrencies over the past 24 hours. The goal is to identify: Next Cryptocurrency to Explode Inform investors and traders about each token. Additionally, this post includes an overview of market trends in cryptocurrency assets that have the potential for significant gains in the future.

Next Cryptocurrency to Explode

Cryptocurrency enthusiasts and analysts often prioritize assets that are most likely to return the best value for invested capital. Therefore, this article contains an overview of the upcoming Slotthana presale on the exchange to provide all investors with information about the project.

1. Wormhole (W)

At the time of writing, the price of Wormhole is up 15.28% on the last day to $0.6083. Despite holding a small market share of 0.05%, it is considered highly liquid with a volume to market capitalization ratio of 0.6896. Its market capitalization is $1.14 billion and its 24-hour trading volume is $784.33 million, demonstrating its importance.

Last week it lagged slightly behind similar cryptocurrencies in the Ethereum ecosystem, up 12.70%, but performed better than the overall cryptocurrency market with an increase of 12.00%.

Wormhole Price Chart

On the last day alone, W’s trading volume increased significantly by 181.75%. If the price of Wormhole falls above $0.6700 in the next two days, traders may consider buying to exit the consolidation channel. This could cause more people to buy, causing the price of W to rise, reaching $0.9193 soon.

It is also a great achievement that Wormhole has recently launched major blockchains such as Solana, Ethereum, Arbitrum, Optimism, and Base. W tokens can now function as SPL tokens on Solana and as ERC20 tokens on Ethereum and other EVM-compatible chains.

Wormhole’s W token is now natively multichain using the Wormhole Native Token Transfers (NTT) framework.
Native W is now available in SPL format. @Solana and ERC20 format @Ethereum, @arbitrum, @optimismand @buildonbase. pic.twitter.com/pwaJohYGXT
— Wormhole (@wormhole) April 25, 2024

Wormhole’s dual functionality makes it easier to move tokens between networks and eliminates the need for liquidity pools. This marks the completion of the second phase of Wormhole’s W token launch plan.

2. SLOTH

With less than three days left, Slotana The project has already raised an impressive $15 million during a month-long pre-sale period that ended on April 29. This achievement demonstrates the viability of the project and the growing interest in cryptocurrency.

Last week, Slotthana investors poured more than $5 million into the project. The surge appears to have been influenced by the events of Saturday April 20, which coincided with Bitcoin’s fourth halving and International Stoner Day.

With the pre-sale coming to an end next Monday, announcing an airdrop date could spark more purchases in the following week, resulting in significant profits. The team is also actively seeking listings on exchanges, which could further increase the project’s potential.

The Slotthana project is the first unique expression of stoner culture in the cryptocurrency world. This adds an element of exclusivity and novelty that can be a game changer.

🎬🌵 Are you lucky, sloths? 🎰 With only 3 days left in the pre-sale, it’s time to pack up and get moving. Are you going to sit there, or are you going to join Slotthana on a trip to the moon? The choice is yours. Calculate this. 🔥🦥 #slodana #memecoin pic.twitter.com/lnyqisy2EB
— Slothana (@SlothanaCoin) April 25, 2024

Various cryptocurrency communities have previously been associated with 4/20. The “Doge Army” dedicated to Dogecoin has embraced stoner culture, choosing April 20 as International Doge Day due to its cheeky charm.

Slotthana doesn’t shy away from the Stoner theme. Following the success of the Slerf token, Slotana A sloth appears, tied to a desk and anxiously waiting for 4:20. This unique concept and future industry developments could lead to significant growth.

Visit Slotthana Pre-sale

3. Near Area Protocol (NEAR)

The NEAR Protocol, a fast-growing blockchain, has accumulated over $309 million in Total Value Locked (TVL) and is among the top 20 valuable digital assets. With a fully diluted valuation of approximately $8 billion and average daily trading volume of approximately $802 million, NEAR is gaining traction.

According to analysts, the NEAR protocol shows promise, especially when compared to Ethereum, due to its focus on artificial intelligence (AI). Last year, Illia Polosukhin, one of the co-founders of the NEAR Protocol, highlighted AI as an important focus for the platform heading into 2024.

NEAR Protocol Price Chart

The NEAR Protocol provides software solutions to help developers create decentralized apps. Sharding is used to split the network into multiple parts, making transactions faster and more scalable. Each computer or node processes only a portion of network transactions.

Chain abstraction 🤜🤛 @DapDapMeUp
offer: @NEARProtocolDapDap is one of the first universal gateways to successfully realize the vision of a truly on-chain web through NEAR JS.
Read all about their collaboration. @Scroll_ZKP Ecosystem below 📜⬇️ https://t.co/QVzwqHyOie
— NEAR Protocol (@NEARProtocol) April 22, 2024

Moreover, the price of NEAR is $7.13, up 25.76% over the past week. Trading charts show past resistance levels that could serve as support. According to the Elliott Wave sequence, the trend appears to be bullish with expectations of higher highs. The key is to get involved early, especially at the ICO stage.

4. BABYDOGE Coin

Baby Doge coin (BABYDOGE) became one of the popular dog-themed meme coins following Elon Musk’s tweet. Despite the weakness in the cryptocurrency market, BABYDOGE has surged more than 9.39% in the last 24 hours.

The surge in the value of Baby Doge Coin can be attributed to strong support for the new DAO proposal. The proposal aims to implement 0% fees for trading, buying and selling on the BNB chain.

Baby DogeCoin price chart

Surprisingly, this proposal received over 98.89% support from the community. As a result, BABYDOGE can now compete with other major meme coins such as Floki (FLOKI) and Solana-based projects in terms of trading volume.

Additionally, the price of $BABYDOGE has been consolidating within a large triangle pattern for over two years. However, it recently broke out of its long-term downtrend and showed signs of a bullish trend as it retested the upper boundary of the triangle.

Interesting news, #BabyDogeArmy! We heard you loud and clear!
A new DAO offer for 0% transfer/buy/sell fees across the BNB chain is live! 🌟
Let’s make it happen
Vote now and make your voice heard: https://t.co/j8Yq0uM1SQ pic.twitter.com/Ch4b5hW3g7
— Baby Doge (@BabyDogeCoin) April 24, 2024

Over the past two weeks, the price of MEMCOIN has rebounded due to the recent correction in the cryptocurrency market. Moreover, the weekly relative strength index (RSI) rebounded from the 50 level for the first time.

Moreover, sentiment towards BABYDOGE price prediction is currently bullish. The Fear and Greed Index is 72 (Greed), indicating an increase in token trading. Ultimately, this suggests growing confidence in the upward trend.

5. Helium (HNT)

Currently, HNT is sitting at $4.15, up 17.05% in the last 24 hours. Market dominance is 0.03%, which has soared 124% over the past year. Helium’s trading volume is 83.47% above its 200-day SMA, suggesting possible overbought. Although the 30-day volatility is only 17%, liquidity is still solid with a volume-to-market cap ratio of 0.0407.

Just a week ago, the price of helium fell below 23.6%, signaling a downward trend. There was little buying activity during this period and sellers continued to add to their short positions. But this week marks a change for the better.

helium price chart

Despite the recent bearish trend, HNT’s price has surged 126% over the past year, outperforming 65% of the top 100 cryptocurrency assets, including Bitcoin and Ethereum. The sentiment regarding the current HNT price prediction is bearish. Nonetheless, the Fear and Greed Index reads 70 (Greed), which indicates increased trading of the token and fosters optimism about a potential upward trend.

Helium also launched 5G-powered hotspots to increase speeds and reduce latency. Ultimately, this project focuses on providing realistic solutions without making exaggerated claims.

📱Important Update: Helium Wallet App v2.7.5 (Android and iOS)
The v2.7.5 release addresses a bug where hotspot compensation claims for individual hotspots would not work while all features would still work. This issue has now been resolved.
Please see v2.7.0 for more details. pic.twitter.com/xa56A7r9dN
— Helium🎈 (@helium) April 20, 2024

Individuals run hotspots to create a communal wireless network for IoT devices. Creating this network emphasizes decentralization and scalability. With over 500,000 Helium LongFi hotspots worldwide, the network is easily accessible and cost-effective.

Helium hotspots produce HNT tokens to incentivize holders to maintain and expand the network. Additionally, those who hold HNT tokens can stake them to run validator nodes to enhance network security and governance. If it can meet all expectations and the market remains strong, we believe this will be one of the cryptocurrencies that will explode soon.