Next Crypto Explosion Friday, March 1 – Ondo, Solana, Bittensor

adminMarch 2, 2024

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Getting significant ROI during a bull market could mean paying attention to major cryptocurrencies and positioning altcoins to take off. However, identifying the next cryptocurrency to explode can be somewhat difficult as most funds are attracted to pumping assets.

With the presence of institutional investors in the market, interest in interoperability and real-world asset tokenization will grow. Already, asset prices in this category are rising even before the bull market begins in earnest.

Next Cryptocurrency to Explode

Today’s highlights detail the performance of cryptocurrencies that investors should add to their watchlist. It also includes a special mention of Green Bitcoin, a utility token with unique features to reward and interact within the ecosystem. Details about the pre-sale and performance of the current top performing cryptocurrencies are shared below.

1. Temperature (ONDO)

Today, the price of ONDO is up almost 19%, and trading volume has increased by almost 80% in the last 24 hours. In general, Ondo DAO is striving to become a decentralized financial governance major. As interest in staking and DeFi grew this season, ONDO’s token value also rose sharply.

ONDO price chart

Does Ondo have the potential to be the next explosive cryptocurrency? The Ondo wallet saw a surge in activity today with the number of holders increasing to 15,961. Increasing the number of holders increases the visibility of the token, which can lead to increased trading volume. If the trend holds for the remainder of this quarter, it is likely that ONDO will maintain its upward trend.

1/ 🚨 @OndoFinance Solving RWA liquidity issues 🚨
Introducing Ondo Global Markets, a platform that brings any publicly traded security on-chain with native access to traditional stock exchange liquidity (e.g. Nasdaq/NYSE/LSE). https://t.co/5NGN64cYPA
— Ondo Finance (@OndoFinance) February 29, 2024

Additionally, holders can expect increased visibility in the coming months as the project moves into the real-world asset tokenization sector. The trillion-dollar sector is likely to enable a fresh influx of funds for these projects. A post on the official Twitter account highlights the community’s introduction to the Ondo Global Market. The plan aims to provide access to all publicly traded securities on the chain. It claims it hopes to provide access to liquidity from traditional stock exchanges. How the initiative progresses in the long term will have a significant impact on the value of the token.

2. Green Bitcoin (GBTC)

We have seen the emergence of concepts such as Play-to-earn and Stake-to-earn. However, the green Bitcoin community is making innovative moves towards revenue forecasting. The idea is to allow GBTC holders to stake their tokens to predict BTC’s price movements and earn rewards for their participation.

In general, this concept goes beyond rewarding investors for holding GBTC tokens. It also adds fun to the process. As of this writing, the price of GBTC is in pre-sale with a growing community of investors.

The current GBTC price is $0.5362. It is likely to remain at that price for the next three days, after which it will have a new value. The project is gaining traction as more investors join. According to a post on the official Twitter, it is currently ranked high in noteworthy pre-sales.

Green Bitcoin now tops the list of best cryptocurrency presales! https://t.co/Ng4Su8wA0W
— GreenBitcoin (@GreenBTCtoken) February 27, 2024

A recent update to the project outlook indicates that the community may be looking at a hard cap for the project. More details on the new hard cap and other essential token economics information can be found on the Green Bitcoin wiki.

Visit Green Bitcoin Presale

3. Solana (SUN)

The Solana rally is not over yet after the recent temporary decline. Solana began an aggressive rally in the fourth quarter of last year. However, after a significant downturn in late January, she embarked on a gradual upward trend and gained significant support. In the last 7 days, SOL has increased its price by more than 50% and is currently priced at $134.

There is speculation that the rising token may exceed its ATH value. This means that holders can increase the token price by an additional 100%. In the early hours of today, SOL maintained its rally and tested the $137 resistance, but was unable to break above this resistance.

SOL price chart

It is interesting to note that above this resistance level, SOL rises to $147 -$149 before encountering resistance. If it breaks above the resistance of that level, the token could head towards the $190 – $200 range.

Still, does SOL have enough momentum to reach highlight level? Sentiment toward SOL across the market remains bullish. The data on the chart also shows that there is a high probability that SOL will break above resistance. According to the chart, the RSI readings for daily and weekly time frames indicate that the token is overbought and may witness a downtrend.

However, the moving average on the chart is significantly lower than the current price, indicating that there is still more room for an upward trend in the token. Holders can expect further appreciation in the value of their assets in the future.

4. Bit Tensor (TAO)

Can Bittensor surpass $1000 as many predict? TAO, an open source protocol that powers decentralized blockchain-based machine learning networks, is arguably one of the biggest gainers in this bull market. The asset has recorded a price increase of over 650% over the past 90 days, pushing its price above $690. In the early hours of today, the price of TAO rose above $700, starting an upward trend along with other tokens on the market.

TAO price chart

Currently, TAO could be one of the next tokens to explode. The project boasts a large support community and strong fundamentals. Leveraging the crypto AI merging sector with robust use cases. Bittensor may have partnerships with important AI players like NVIDIA.

5. Ocean Protocol (OCEAN)

With the right push from investors, OCEAN could even outperform ATH during this bull market. The coin rose in value after revealing its roadmap this year. This includes the acceleration of Predictoor, an artificial intelligence bot for cryptocurrency price feeds. The platform claims that its tool can provide 5 million predictions for assets such as $BTC, $ETH, $BNB, $XRP, $DOGE, $ADA, $SOL, $TRX, $LTC, and $DOT . They also claim that accountability and other essential features to enhance accuracy have already been built into the design.

ocean price chart

The decision to explore artificial intelligence has had positive results for OCEAN, whose price is currently up more than 17%. The roadmap release may have triggered this trend. There are also other initiatives that could lead to even more explosive future performance, such as the Ocean Enterprise initiative.

Nonetheless, OCEAN may experience a temporary decline as it approaches the ATH value. Therefore, it is best to analyze trends to determine the best time to buy. Likewise, investors looking at the token should take a long-term view as its value may not unfold until the end of the year.