Next Crypto Explosion Friday May 3 — Ondo, Toncoin, Floki, Arweave

adminMay 4, 2024

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As May began, the price of Bitcoin fell to its lowest level in more than two months. It fell just above $56,500 before rising again but struggling to reach the crucial $60,000 mark.

Meanwhile, investors have been watching the Federal Reserve closely. After Wednesday’s meeting, the Federal Reserve’s decision to keep interest rates on hold caught the attention of many. Moreover, investors still Next Cryptocurrency to Explode This is because most funds are attracted to asset pumping.

Next Cryptocurrency to Explode

Cryptocurrency investors and traders are moving to increase profits or seize new opportunities. Some analysts suggest that the next cryptocurrency could be discovered in an upcoming project. With this in mind, it’s worth checking out Mega Dice. Mega Dice presales have been remarkably successful so far. The project has achieved significant funding milestones, demonstrating strong demand for the token. Below we’ll give you an update on the project and future plans.

1. Temperature (ONDO)

Temperature leverages blockchain technology to make the best financial services available to more people. It works by converting tangible assets into digital tokens and using these tokens to build financial rules. Ondo partners with major online service providers to provide users with essential services such as money processing and asset storage.

ONDO price chart

Despite today’s bearish market, ONDO remains at $0.7898, up 6.28% in one day. In addition, it ranks first among projects dealing with real assets based on market value. This nicely sets up the growth potential for this sector.

📣@OrderlyNetwork ONDO Futures Listing 📣 https://t.co/20BDTaPGvf
— Ondo Foundation (@OndoFoundation) April 30, 2024

Ondo Finance’s price forecast is optimistic. Nonetheless, the Fear & Greed Index stands at 48, indicating investors are cautious. It may be difficult for the coin to break above $1.24, but if it does, it could target $1.63.

On the other hand, a price decline could test lower support levels at $0.47 or $0.09. ONDO’s price path will depend on overall market trends and investor sentiment, so stakeholders must remain cautious and ready to adjust their strategies.

2. Toncoin (TON)

Toncoin (TON) introduces a new blockchain system that supports decentralized apps and smart contracts, with an emphasis on speed and scalability. It aims to remove the obstacles of previous blockchain platforms and envision a future where digital transactions can flow easily and be accessible to everyone.

The development of Toncoin (TON) has been impressive. The number of Toncoin (TON) wallets surged to 16,800, outpacing the growth rate of BTC. Additionally, TON has experienced a remarkable 110% increase in non-zero wallets over the past six months, putting it at the forefront of growth during this period.

Toncoin price chart

Many alternative cryptocurrencies faced challenges earlier this week but have seen notable growth. Toncoin, for example, nearly doubled in value, making significant gains. It’s currently over $5.3.

Additionally, Pantera Capital’s investment in TON contributed to a 12% increase in Toncoin’s value. The investment aims to leverage the integration of TON and Telegram’s large user bases.

🤝 @ArkhamIntel joined forces with #ton!
Soon 900 million @telegram Users can seamlessly access Arkham data through the Telegram Mini app. Arkham will also include TON support on its platform! 💎
Learn more ⬇️ https://t.co/j1WqvMEbN4
— TON 💎 (@ton_blockchain) May 2, 2024

Pantera Capital recently announced its first investment in TON (The Open Network) through its official blog on May 2nd. Although the investment amount has not yet been disclosed, the company’s expectations for TON are clear. This excitement stems from TON’s extensive use of the Telegram platform, which indicates a promising future for TON.

3. FLOKI

Floki is a meme-inspired digital currency powered by a group of dedicated fans and developers. The coin symbolizes the unpredictable nature of cryptocurrencies and attracts both supporters and critics.

In March 2024, Floki gained attention, rising 11% on the day to reach $0.0001703. Over the past year, Floki has surged 431%, outperforming many other cryptocurrencies. However, prices fell 7% last week.

FLOKI price chart

Floki’s price rise pushed its market capitalization to $1.6 billion, showing the meme coin’s growing popularity. Unlike its competitors, Floki showed continued investor interest with 24-hour trading volume increasing 1% to over $208 million.

$FLOKI It is currently the most popular cryptocurrency according to the leading cryptocurrency social analytics platform. @Luna Crush.#Floki Above is the trend $PEPE, $DOGE, $JUPand $AZERO. https://t.co/PwzHfrO02V
— FLOKI (@RealFlokiInu) May 2, 2024

At the time of writing, the price of FLOKI is $0.0001664. If this trend continues, FLOKI may reach the resistance levels of $0.00012971 and $0.00002532. According to Fibonacci levels, a breakout rally could push Mim Coin to challenge the $0.00030 peak, leading to a 2-fold surge in May.

If market momentum and investor sentiment remain positive, FLOKI could reach $0.00005. Additionally, future upgrades to the FLOKI ecosystem could enable it to surpass the current high (ATH) of $0.0003437 and set a new record.

4. Mega DICE

mega dice, a well-established casino, has raised more than $700,000 in a pre-sale of its new $DICE token, which aims to transform GameFi. These tokens play an important role in Mega Dice’s gamification plans by rewarding current users and attracting new users. Surprisingly, Mega Dice plans to become a pioneer among cryptocurrency casinos and offer daily rewards based on platform performance.

Solana’s latest blockchain venture is gaining attention. Among them is Mega Dice (DICE), a gaming and gambling token that quickly gained popularity after pre-sales began. In less than two weeks, Mega Dice has raised more than $700,000, indicating significant interest in this new concept.

Mega Dice presales have been remarkably successful so far. The project has achieved significant funding milestones, demonstrating strong demand for its tokens. Due to its accessibility and limited availability, people are eager to acquire $DICE tokens.

Currently, the price of each $DICE token is $0.069. Those interested can connect their wallets and exchange SOL, ETH or BNB for $DICE tokens. Mega Dice has issued 420,000,000 $DICE tokens, with 35% available for pre-sale.

🚀🚀🚀 https://t.co/0WHXYS6oQm
— Mega Dice Casino (@megadice) May 3, 2024

We also allocated 15% to player airdrops, 15% to liquidity pools, and 15% to the casino’s $DICE pool. Another 10% will be used as rewards for token stakers and the remaining 10% will be allocated to marketing and other contracts.

mega dice Ensure pre-sales are included. After the pre-sale, they aim to list the $DICE token on a decentralized exchange (DEX) to potentially increase its popularity.

Visit MegaDice Presale

5. Arweave (AR)

Amidst the ups and downs of the market, Arweave (AR) showed its potential with a notable increase in value over the past day. Its price rose 18% on CoinMarketCap, making it the leading coin among CMC’s top 100 coins. The value of AR, which is currently trading above $34, continues to rise, giving confidence to investors.

The Arweave ecosystem team recently introduced an innovative feature to X Accounts. ArweaveEco is now live on HackMD, allowing users to permanently decentralize documents. This means that the documents remain unchanged and are accessible to everyone, which is appealing to cryptocurrency fans.

Arweave price chart

Arweave’s price is up 20% against Bitcoin in the last 24 hours. Despite the initial decline, AR has shown a strong upward trend, suggesting that more people are purchasing. The 50-day exponential moving average (EMA), a tool for spotting trends, indicates a positive outlook for altcoins this week.

For almost six years, Arweave has been our persistent data layer.
Now Arweave also = state layer. Arweave + @aoTheComputer Transforming scalable, distributed computing.
It can also run WASM code. Use your own language to strengthen your results.
N.F.A.
— Onlyarweave (@onlyarweave) May 1, 2024

Moreover, MACD continues to show a green histogram, signaling a solid upward trend. The Relative Strength Index just crossed the neutral 50-point mark. If the market holds above $33.50, buyers could target resistance levels of $38.00 and $48.00. These levels are important because they can slow or reverse an upward trend.

AR is still catching the attention of investors. Thanks to Bitcoin’s recovery, AR took first place, surging 23% in 24 hours. AR’s move could become stronger once Bitcoin stabilizes above $60,000.