Next Crypto Explosion Saturday, April 20 — Gorilla, Cardano, XRP, Arweave

adminApril 21, 2024

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Since the arrival of early investors in the market, cryptocurrency market trends have fluctuated depending on the narrative. Earlier this year, the AI and DePIN narrative Best performing cryptocurrency.

But with BlackRock’s involvement in the real-world asset tokenization space, the door is gradually opening for a new story that could dominate the second quarter of this year. Moreover, the growing interest among retail investors in altcoins and meme coins could also influence the trend of the next generation of cryptocurrencies set to explode in the coming months.

cryptocurrency about to explode

GORILLA stands out in the meme coin space with features like IDO launchpad and NFT integration. The bullish trend in recent trading and the current price of $0.005547 present an interesting opportunity for investors.

Cardano (ADA) also has great potential despite its recent price drop, and its MVRV ratio indicates significant growth potential. ADA’s focus on decentralization and historical performance following the Bitcoin halving further solidifies its position as an asset to watch. Today’s article highlights projects with explosive potential and the details investors should consider.

1. GORILLA

Unlike other games, GORILLA doesn’t just provide temporary excitement. With features like an IDO launchpad that provides a strategic advantage to early backers and a DEX swap that boasts intelligent features for an enhanced trading experience, GORILLA stands out in the crowded meme coin space.

Moreover, GORILLA differentiates itself with NFTs. This also makes the token a competitor to existing giants such as “Bored Ape Yacht Club”. Contribute to the evolution of meme tokens by combining broad appeal and tangible value.

gorilla price chart

Looking at the daily chart, we can see that the downtrend was controlled for most of March and April. However, the market has been strong since yesterday evening. Gorilla prices recently surpassed their monthly lows, resulting in a bullish trend. The upward trend may be maintained and prices may continue to rise to higher levels.

Big things are coming for the gorillas…
😘 🦍 #king of the jungle pic.twitter.com/5p0yLMjIqX
— gorillatokenio (@gorillatokenio) April 5, 2024

The current real-time GORILLA price is $0.005547, and the 24-hour trading volume is $4,808,678, recording an incredible increase of 32.65%. GORILLA is ranked 1314 on CoinMarketCap and boasts a real-time market capitalization of $4,653,846.

Some pessimists assume that if selling pressure continues to drive the price down, the price will fall to $0.002. However, based on the recent increase to $0.0055, the most favorable view is that Gorilla price It could exceed $0.0080, which represents an upside potential of 45.45%.

2. Cardano (ADA)

Many experts suggest that despite the recent price drop, now may be a good time to invest in Cardano. This optimism is based on the Market Value to Realized Value (MVRV) ratio.

Cardano’s MVRV ratio recently fell below 22% for the first time since June 2023. Historical data shows that ADA rose 75% within about a month of the last such decline. If history repeats itself, ADA could reach around $0.80 and maybe even surpass its all-time high of $2.

Cardano price chart

Analysts and investors have a positive view on ADA due to the market’s oversold status. The cryptocurrency is poised to surpass the first resistance level at $0.466449 and then the third resistance level at $0.489874.

Moreover, Bitcoin halving events have historically resulted in price surges for altcoins such as Cardano. The influx of market liquidity resulting from the rise in Bitcoin price following the 2020 halving had a positive impact on ADA. The token soared from $0.05 to $3.10 by September 2021, an impressive 6,100% increase.

with #CardanoAs the era of self-governance approaches, it is important for ADA holders to understand the protocol parameters and their impact on the future of the protocol.
Check out our in-depth analysis of Cardano governance. @Hornan7 ⤵️ https://t.co/wv66GE7FmH
— Cardano Community (@Cardano) April 18, 2024

If Cardano follows a similar growth trajectory following the current Bitcoin halving, it can be expected to perform much better than it did in 2020. With ADA currently trading at around $0.48, it could skyrocket to $27 if it experiences a similar 6,100% rise.

Moreover, Cardano’s focus on decentralization and ongoing development efforts is increasing its price momentum. If Bitcoin’s post-2020 halving success is any indication, ADA could see similar or larger gains.

3. Ripple (XRP)

Recently, the cost of XRP has increased significantly, giving investors hope. The rise occurred around the same time as Bitcoin’s fourth block reward halving, which also boosted other digital currencies. So people are paying more attention to XRP, thinking that it might rise further.

Enthusiasts and investors are talking a lot about Ripple’s possible listing. There is no telling when exactly this will happen, but many people believe that the price of XRP could actually change. Ripple CEO Brad Garlinghouse mentioned that an IPO is a possibility.

XRP price chart

Cryptocurrency experts have made bullish predictions for XRP based on Fibonacci levels and have set high price targets. These predictions are consistent with XRP being in a support zone similar to past market cycles. Targets of $1.272, $1.414 and $1.618 have sparked discussion among investors, with some thinking XRP may soon surpass $1.2.

Open interest in XRP derivatives has increased, suggesting that large price movements are expected. This increase to $529.98 million shows that investors are bracing for significant market changes. More market activity indicates investor confidence and suggests a possible market change.

1/ The stablecoin market is currently growing rapidly at approximately $150 billion and is expected to exceed $2.8 trillion by 2028. There is a clear need for trust, stability and utility.
That’s why we plan to launch stablecoins pegged 1:1 to USD on the XRP Ledger and Ethereum later this year…
— Ripple (@Ripple) April 4, 2024

As of this writing, the price of XRP is $0.5173, up 3.12% in the last 24 hours. However, over the same period, trading volume decreased by 30.46%. This contrast between rising prices and declining volumes is very interesting and should be watched closely by investors and strategists.

4. Ituk Tuk (TUK)

Ituktuk We’re reaching a huge milestone, raising over $3 million in pre-sales. They aim to promote sustainable transport globally. The main goal is to help developing countries by providing electric vehicles (EVs) and charging stations.

Additionally, eTukTuk has partnered with leading organizations to support its mission. This collaboration puts eTukTuk in a good position to promote sustainable transport, where tuk-tuks are essential for everyday travel and trade.

eTukTuk’s presale target is $10.7 million. They planned token distribution by setting aside 21.5% to stake rewards and encourage long-term investment. Liquidity will be 7%, with 9.75% allocated to pre-sales to ensure a balanced distribution.

1/ Introducing various functions. $TUK token:
Discover its various utilities and benefits. $TUK Tokens are imported into the eTukTuk ecosystem. pic.twitter.com/MHwoibCfM8
— eTukTuk (@eTukTukio) April 15, 2024

eTukTuk also plans to list TUK tokens on exchanges after pre-sale. The move aims to make it easier for investors to buy and sell and demonstrate their commitment to real-time green initiatives based on cutting-edge technology.

like Ituktuk As it gains momentum, its combination of sustainable solutions and innovative technologies makes it attractive to investors seeking environmental and financial benefits.

Visit eTukTuk Presale

5. Arweave (AR)

Arweave is a decentralized platform for persistent data storage that has seen significant growth in the cryptocurrency industry since its launch. Its own coin, AR Coin, delivered impressive returns to early investors in 2021, hitting record highs. The platform has gained widespread acceptance within the community with numerous use cases.

With a clear roadmap for the future, the Arweave project is actively developing new initiatives that will make AR Coin a promising long-term investment. Listed on major cryptocurrency exchanges such as Binance, Gate.io, and Coinbase, the Arweave network has received positive attention from investors.

Arweave price chart

If the market holds support above $24.675, the price of AR is expected to rise, potentially testing $45. Some experts even predict a peak price of $68.16 for Arweave (AR) by the end of 2024. Assuming market stability and a bullish trend, the average trading price of AR could reach $63.58 by 2024.

RP @Weavers_Org:
$10,000 Bounty Available ️
any @aoTheComputer Would you like to choose a bounty? Is it creative or technical? both?
Bounty details: https://t.co/gfSPDwpDG4 pic.twitter.com/DO6TH0OUNk
— Arweave Ecosystem (@ArweaveEco) April 18, 2024

However, if the cryptocurrency market experiences a severe downturn, AR Coin’s lowest price could fall to $57.66 by 2024. Conversely, continued strength could lead to significant price increases for AR Coin in the second half of the year.