Next Crypto Explosion Monday, April 29 — Helium, Lido DAO, Ethena, Sei

adminApril 30, 2024

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The cryptocurrency market remains unstable after the Bitcoin halving, with some coins struggling to rebound. Bitcoin (BTC) is approaching $60,000, hoping to find support for the next big move. Investors should pay attention to this consolidation phase as it could be an opportunity to follow the upward trend.

Institutional investors are now paying more attention to interoperability and tokenization of real-world assets. The prices of these assets are rising even before the market has fully grown. The goal is to identify: Next Cryptocurrency to Explode Inform investors and traders about each token.

Next Cryptocurrency to Explode

Today’s highlights cover cryptocurrencies worth keeping an eye on. We will also discuss 5th Scape, a VR gaming cryptocurrency project that enhances games with premium VR content. Details of the pre-sale and top performing cryptocurrencies of the day are shared below.

1. Helium (HNT)

Helium (HNT) is a decentralized blockchain network for Internet of Things (IoT) devices. The project runs a peer-to-peer wireless network that provides secure and low-cost connectivity to IoT devices.

Despite the recent market downturn, HNT prices have been rising over the past five days. As of this writing, the altcoin has surged 57% to $5.34.

The current upward trend suggests a possible break from the previous 10-week corrective trend. When such a breakout occurs, it represents an early signal of a trend reversal. This reversal encourages buyers to challenge the resistance levels of $6.43 to $7.61.

helium price chart

Last week, the price of helium fell below 23.6% due to a bearish trend. Nonetheless, analysts believe this trend is temporary. Meanwhile, Helium has launched a 5G hotspot powered by 5G for faster speeds and less lag. These hotspots generate HNT tokens to incentivize owners to maintain and expand the network.

.@heliumfndnCOO of @ScottSigel talk @_bessieLiu @Blockworks_ About DePIN and how @helium The community is stepping out into the world to solve real-world connectivity problems.
🗞️Read the news: https://t.co/Ypt4VK2jKG https://t.co/FlXiTpVY6j
— Helium🎈 (@helium) April 25, 2024

HNT token holders can also stake them to run validator nodes, enhancing network security and governance. If everything goes as expected and the market remains strong, Helium could be one of the next cryptocurrencies to explode.

2. LDO

Lido DAO (LDO) experienced significant growth over the weekend and is still holding on to some gains. Currently at a price of around $2.13, it is up about 2.5%, with buyers looking to maintain the gains they made as the token reached $2.21. If the upward trend continues, LDO/USD could retest the $2.50 level.

Lido DAO is a decentralized autonomous organization (DAO) that provides staking infrastructure across various blockchain networks. The main service allows users to stake Ethereum and in return receive stETH tokens, which represent the staked ETH and the rewards earned.

LDO price chart

Lido DAO puts security first through decentralized governance, audit code, and Ethereum-based smart contracts. These measures expedite the user deposit and reward distribution process.

Lido DAO also aims to provide access to staking by combining ETH from different users. This removes the requirement for expertise or a minimum staking amount of 32 ETH. Lido Liquid Stake V2 allows users to engage in more effective and flexible staking on Ethereum 2.0.

Want to participate? If you are interested, please check the form below 👇https://t.co/V1R1G8iOBu
Another Lido & @SSV_Network The testnet is scheduled for May to early June. All solo stakers/community stakers/professional node operators with experience running SSV operators are encouraged to:
— Lido (@LidoFinance) April 26, 2024

An important feature is the “Liquid Stake” approach, which allows users to exchange ETH for stETH tokens. This will increase liquidity and enable participation in the LSDFi protocol.

Despite recording 40% of positive trading days last month, LDO’s 30-day volatility remains low at 15%. Along with stability, cryptocurrencies maintain high liquidity. These factors indicate strong trading activity and investor interest.

3. 5SCAPE

5th scenery is a unique VR gaming platform that aims to change the way users engage with virtual worlds by combining creativity and fun.

To date, 5th Scape has earned $5,679,816, indicating a lot of interest from investors. The initial listing price of the coin is $0.00327, with a potential increase of 365.12%. Investors may consider seizing current pricing opportunities before prices rise further.

Research suggests that profits in the VR sector will soar to new heights. Considering the developments planned by 5th Scape, it could become one of the major cryptocurrencies that could see significant expansion.

Additionally, the growing desire for immersive experiences and advances in VR technology will drive this expansion. Accordingly, analysts and experts predict that the number of users will exceed 6.887 billion in 2030, a significant increase of 104.9%.

🌟 Unlock new levels with 5th Scape! Dive into adrenaline-pumping combat, precision archery, and high-speed racing in an infinite virtual world. Holding 5SCAPE tokens grants you exclusive benefits such as free games, discounts and seamless intra-world transactions.
that much… pic.twitter.com/LNO30KXRPW
— 5th Scape (@5th_scape) April 20, 2024

5SCAPE tokens allow users to access premium VR content and enhance their gaming experience. This special digital currency activates unique gaming features and strengthens connections within the platform community. By doing this, 5th scenery It is positioned for growth in the VR sector and could become one of the next explosive cryptocurrencies.

4. Athena (ENA)

Ethena (ENA) is still gaining traction thanks to its synthetic dollar system. The upcoming weeks are very important for ENA as planned token unlocks could lead to large price movements.

Approximately $46 million worth of ENA tokens, equivalent to 3.76% of the total supply, will be available. The news has sparked speculation and reminders of the past problems of cryptocurrency projects like Terra, leaving people wondering how the market will react.

Ethena price chart

Ethena Labs recently partnered with Binance, Bybit, OKX, and Bitget Wallets. Users can now store Ethena’s stablecoin USDe in this wallet. Ethena also offers a 20% bonus to customers who use this wallet to stake USDe.

The Ethena x Pendle season continues~
Sat/Sun 𝙥𝙡𝙪 New sUSDe pool with 20x USDe staking yield (expires July 25, 2024) 🙌
LPs in the soon-to-mature sUSDe pool (April 25, 2024) can now roll over consecutive returns to earn more Sats at a much higher rate 👇🏻 pic.twitter.com/83lfBNtLlp
— Pendle (@pendle_fi) April 24, 2024

Experts believe that this collaboration will simplify staking for ENA users and increase activity on the ENA network by attracting more stakers. However, since the announcement, ENA has fallen 36% due to market volatility due to Middle East tensions. Nonetheless, analysts predict that ENA could rise to $4.81 as more people stake USDe for generous rewards.

5. SIX

Seicoin price rose 4.82% the previous day. Recently, the price has been fluctuating, experiencing both rise and fall, indicating that impulsive and corrective movements are occurring alternately.

Developing apps on Sei can be greatly improved by introducing Orand, the verifiable random function technology of the Orochi network. Orand will use Sei’s technology to bring faster speeds, lower fees, and fair random generation to gaming apps. We will also use Orochi Oracle to provide data to Sei’s dApp.

SEI price chart

For Sei, reaching $0.75 is the next resistance level and could lead to further increases. If we go above that we can target $0.88. Conversely, as the price falls, support at $0.47 becomes important and support at $0.33 becomes stronger. A short-term average of around $0.61 suggests stability, while an RSI near 57 indicates balanced buying and selling.

Sei is revolutionizing digital asset management with a range of innovative products tailored to meet the evolving needs of investors and businesses. From Bitcoin portfolio management to tokenized assets, Sei’s approach simplifies processes, reduces complexity, and improves accessibility for investors at all levels.

The Sei ecosystem never sleeps. Always evolving, delivering and evolving the community.
Check out the latest updates shaping the future of Sei 👇 🧵 pic.twitter.com/L8rXtlgXw6
— Sei 🔴💨 (@SeiNetwork) April 26, 2024

Additionally, Sei’s integration of Binance Pay into its ecosystem could further increase actual usage. This allows users to conveniently make payments using SEI.

Experts suggest that Sei’s enhancements could result in a 37.71% increase in the token’s value, rising to $0.8903, making it a promising cryptocurrency investment option.

Check out the 5th Scape Presale.