Next cryptocurrencies set to explode on Tuesday, May 7th — Solana, AIOZ Network, Jupiter, Near Protocol

adminMay 8, 2024

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Analysts and investors generally view the decline in Bitcoin dominance as a harbinger of a potential rise. Altcoin market. allTherefore, current market trends could mean capital moving from Bitcoin to altcoins.

The small decline in Bitcoin market share represents a subtle but important change. Analysts believe this could have further consequences. explosive performance For alternative coins. However, this year, Bitcoin’s dominance increased overall, resulting in a mixed market.

Next Cryptocurrency to Explode

As the market declines following the Bitcoin halving, attention in the cryptocurrency market will turn to altcoins next month. Therefore, investors can take advantage of the moment and take positions on future tokens such as 99Bitcoins token. The 99Bitcoins token is tied to the Bitcoin halving event. The transition from ERC-20 to BRC20 token standards will allow developers to create new token standards. This post contains detailed information about presale.

1. Solana (SOL)

Over the past 24 hours, the price of Solana has risen 5%, reaching $154.24 at 2:25 AM EST, with volume up 130%. Despite the overall market decline, SOL has defied this trend thanks to its collaboration with Velo. This partnership aims to lead financial innovation globally, starting with the transformation of the Laos digital gold market.

Solana’s price is showing a bullish trend, with the price expected to surge 96% after the rounding bottom pattern is completed. The Relative Strength Index (RSI) indicates growing bullish sentiment in the SOL market, hitting higher lows since June 2023.

Solana price chart

Solana has made a notable comeback, climbing into the top five cryptocurrency rankings. Her price soared from $10 to over $200, demonstrating her powerful resilience. For now, she’s in another upward trend, suggesting she could possibly rise to $500 this year.

As the overall market improved, Solana’s price rose steadily over the past week, indicating a healthy recovery. This bullish trend will likely push Solana above $200. A break above the 78.60% Fibonacci level could reach $258 this month.

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According to several prominent cryptocurrency investors, Solana is a promising layer 1 protocol that is expected to outperform other protocols. During previous bull cycles, Solana has experienced notable surges, and this trend is expected to continue this year.

Meme coins also represent another promising area in the cryptocurrency market. In particular, Solana meme coins such as WIF, SLERF, and PONKE are poised for significant appreciation during this upcycle.

2. AIOZ Network (AIOZ)

The AIOZ network acts as a hub for Web3, providing speed, security, and decentralization. The buzz surrounding artificial intelligence (AI) has captured the attention of the cryptocurrency world.

Over the past 24 hours, the price of AIOZ has risen 8.93%, with a trading volume of over $19 million. It increased by 36.48% in the past week and has surged 448.56% since the beginning of the year.

AIOZ Network Price Chart

The Relative Strength Index (RSI) rose above the midpoint on the chart last week, indicating a significant uptick. However, the average remains near the neutral zone, implying uncertainty about the future price movements of the altcoin.

ℹ️ Friday Facts:
Did you know?
In 2021, the AIOZ Network team collaborated with the University of Liverpool to develop an AI-based smart video compression system. 📹
Through the expertise and support of experts at the University of Liverpool, founded in 1881, the system… pic.twitter.com/kHhqNk6YPS
— AIOZ Network (@AIOZNetwork) May 3, 2024

If the market remains strong, AIOZ’s price could test a higher resistance level at $1.029. Conversely, if the downtrend dominates, the price may fall to the support level of $0.684 in the coming week.

Currently, the sentiment towards AIOZ price prediction is bullish. The Fear & Greed Index was 68 (greed), showing an increase in token trading volume. This suggests growing optimism about the upward trend.

3. Jupiter (JUP)

Jupiter’s tokens have increased significantly over the past year, but have recently declined. Although it is now a little lower than before, it still suggests future interest and changes in the market. However, there is uncertainty in the short term.

Jupiter is driving major changes to the Solana system by making it easier to interact between blockchains and manage assets. The new tool, Bridge Comparator, integrates services from Mayan Finance, deBridge Finance and Allbridge. This allows users to compare and get the best rates for moving assets across 11 blockchains.

Jupiter price chart

Jupiter has also made it simpler for users to move Wormhole assets or USDC between networks without fees. This helps break down financial barriers and makes blockchain more connected and efficient.

As altcoins rise, Jupiter’s price is improving and gaining strength in an upward trend. It is now challenging an important resistance level, hinting at a possible increase in the JUP token value this week.

.@CloneProtocol Integrated into Jupiter Routing.
This allows non-Solana non-native assets such as DOGE, ARB, OP to be traded seamlessly with low fees without the need to bridge.
With Jupiter, you can now easily swap from any token to any clAsset. pic.twitter.com/JHgtvNw7o6
— Jupiter 🪐 (@JupiterExchange) May 6, 2024

As demand grows, traders sitting on the sidelines are considering entering the market. Will Jupiter’s bullish streak push prices to $2? Learn more in our JUP price analysis.

Jupiter boasts a market capitalization of $1.55 billion and ranks 62nd among the top 100 coins. However, the price fell by 18.79% last month, indicating a temporary decline. Nonetheless, investor sentiment is changing and Jupiter’s price is slowly rising.

4. 99 Bitcoin (99BTC)

that much 99Bitcoin The token is a new BRC20 cryptocurrency introduced by the 99Bitcoins news outlet. So far, investors have contributed more than $1.1 million to the ICO, and market analysts have praised it as one of the most promising digital currencies.

During the pre-sale period, traders can score 99Bitcoins tokens for $0.00103 each. However, this price will increase after six days as the campaign progresses, or when total funds raised reach $1.8 million.

What sets the 99Bitcoins token apart is its direct connection to the Bitcoin halving event and the transition from ERC-20 to BRC20 token standards. BRC20 is a new feature in the Bitcoin network that allows users to store various data types in blocks. These innovations have allowed developers to create new token standards that facilitate the creation and transfer of interchangeable tokens.

99Bitcoins plans to use technology to create a new Learn-to-Earn platform. The platform rewards users for learning about cryptocurrencies. We will help people of all levels of knowledge in the cryptocurrency market by providing structured content that is in your control.

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— 99Bitcoins (@99BitcoinsHQ) May 2, 2024

To use the platform, learners need $99BTC. You can earn points by completing quizzes, tests, and courses. These points allow you to get free cryptocurrency in your wallet.

Holders also have access to BRC20 tools and training, cryptocurrency trading signals, VIP community groups, staking rewards, and more. These benefits are likely to increase demand. $99BTC. However, only 10.5% of the total supply of tokens will be reserved for pre-sale. Traders need to move quickly to get involved early.

Visit 99Bitcoins Presale

5. Near Field Protocol (NEAR)

NEAR Protocol (NEAR) has seen positive movement in its recent price range, fluctuating between $6.38 and $7.68. It surpassed the 100-day average of $6.56, indicating strength. Over the past week, NEAR’s value has increased by 16.03%, and over the month it is up 8.22%.

Moreover, the fluctuation range over 6 months showed a large surge of 368.05%. Currently, NEAR is in a bullish phase with a high relative strength index (RSI) of 72.15, suggesting increased demand.

NEAR Protocol Price Chart

Nevertheless, for NEAR to rise further, it must overcome the resistance level of $8.31, and for it to decline, it must find support at $5.71. The overall trend indicates that NEAR is rising impulsively.

Meanwhile, Bithumb, Korea’s second largest cryptocurrency exchange after Upbit, started the day by announcing two new altcoins. Bithumb announced plans to add AIOZ Network (AIOZ) and Near Protocol (NEAR). Accordingly, the prices of AIOZ and NEAR began to rise.

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— Near Horizon (@nearhorizon) May 2, 2024

Popular technical indicators show growing interest from the trading community. This optimism is further strengthened by NEAR’s unique characteristics, including its environmentally friendly approach and ability to efficiently handle large transaction volumes.

If this trend continues, the NEAR protocol could gain more interest from investors attracted by its promising performance and technical capabilities.