Next Crypto Explosion Saturday, April 27 — Litecoin, SSV Network, Tron, Neo

adminApril 28, 2024

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

In today’s article, we take a look at the performance of the cryptocurrencies that have dominated the rising list over the past 24 hours. The goal is to identify: Next Cryptocurrency to Explode Inform investors and traders about each token. Additionally, this post includes an overview of market trends in cryptocurrency assets that have the potential for significant gains in the future.

Next Cryptocurrency to Explode

The market is a time when investors and traders take positions to increase profits or take advantage of new trends. Experts believe that investors are more likely to find the next explosive cryptocurrency among upcoming cryptocurrency projects. With this in mind, investors should explore the potential of Mega Dice. The project plans to launch a decentralized exchange (DEX) offering $2.25 million in airdrops and various incentives over three seasons. Updates on the project and outlook are shared below.

1. Litecoin (LTC)

Litecoin’s recent performance suggests it may be on the rise, and this bullish sentiment is attracting the attention of hopeful traders and investors. With the recent 15% surge, market watchers are talking about the possibility of breaking the $122 resistance level and reaching $150.

While some critics have been pessimistic about Litecoin over the past decade, one analyst argues that Litecoin’s long-term potential has been overlooked. They believe that Litecoin could reach significantly lower levels compared to Bitcoin in the next few decades. The analyst also predicts that growth will accelerate as institutions and exchange-traded funds (ETFs) begin to include Litecoin.

Litecoin price chart

Despite some viewing Litecoin as old and slow, analysts point out that Bitcoin shares similar characteristics and the two coins complement each other. They predict that during this market cycle, more large companies will adopt the idea of Litecoin as the “silver” to Bitcoin’s “gold.” Overall, Litecoin is a reasonable, low-risk investment with solid fundamentals.

The positive outlook is supported by Litecoin miners who are increasing their holdings of the cryptocurrency. This could reduce selling pressure and lead to a bull market.

The Litecoin network just processed its 240 millionth transaction! 34 million transaction records added as of 2024!! #Litecoin ⚡️ $LTC pic.twitter.com/w0UJIlVCfC
— Litecoin (@litecoin) April 23, 2024

Litecoin has recovered to around $85 and may continue to move sideways for now. However, it hasn’t experienced any significant spikes in several years, and prices could potentially rise in 2024.

Despite being somewhat boring, Litecoin is still valuable due to its predictability and reliability. It is expected to experience a large breakout as there are many long-term holders. However, there is currently no significant activity in the short term. Because the rallies are short, they have been nicknamed ‘chickens’ that only fly for a short time.

2. SSV Network (SSV)

SSV Network represents the initial public use of SSV primitives. It began with a study conducted by the Ethereum Foundation in 2019. It has evolved into a network governed by a DAO and based on contributions from stakers, developers, and node operators. ssv.network price chart

Currently, $SSV is showing impressive progress. It has solidified its position at $38 and is targeting the next milestone of $64. These developments are driven by a notable increase in trading volume. Moreover, the bullish outlook for Bitcoin also supports this upward trend.

As a staker, it is important to choose high-performance operators for your validators.
This is not an easy task in permissionless protocols like SSV.
SSV’s proven operator program makes choosing easy and is now accepting applications!
Do you have what it takes to become one? https://t.co/g6aIPbK1th pic.twitter.com/MX5JlyyaBx
— SSV Network (@ssv_network) April 22, 2024

Currently, the SSV token is worth $44.99. EOS also rose 3.14% last day. This increase is noteworthy as SSV Network is trading well above its 200-day simple moving average (SMA) of $18.98. Additionally, the token’s market capitalization indicates strong liquidity.

Market sentiment for EOS is bullish, with a Fear and Greed index of 67 (greed). This generates enthusiasm and anticipation, hinting at increased token trading and optimism about a potential upward trend.

3. Mega DICE

mega dice It is well known as a fast-growing cryptocurrency casino. It’s growing in popularity with over 50,000 active players and over $50 million in monthly revenue. The platform offers a sportsbook with over 4,000 games and a variety of options.

Recently, they launched a pre-sale for their token, $DICE, on the SOL blockchain. In just a few hours, over $300,000 was raised. The current price is $0.069, showing strong demand.

Mega Dice plans to transform the platform by offering daily rewards to users based on casino performance. To engage the community, they use various strategies such as airdrops to $SOL whales. This accelerated the pre-sale process. The pre-sale allocation is 35% of the total supply of 420 million $DICE tokens, with other allocations for various purposes.

Mega Dice is preparing to launch a decentralized exchange (DEX) after pre-sale. They encourage early investors to acquire tokens at good prices. Additionally, a total of $2.25 million in airdrops will be distributed over three seasons, with $750,000 paid each season. Players must wager $5000 or more by May 3 to participate in the first season. Each participant can receive up to $37,500 in airdrops.

https://twitter.com/megadice/status/1782421088003039528

mega dice We will also offer exciting offers such as early bird bonuses, special NFTs, and referral programs. Referrers can get 10% of the initial investment of the gamer they refer. Those looking for the next cryptocurrency to explode should pay attention to $DICE.

Visit MegaDice Presale

4. Tron (TRX)

Recent data shows that Tron (TRX) posted impressive performance in the first quarter of 2024 despite stiff competition from other layer 1 networks. One of Tron’s notable achievements has been its success in the DeFi sector.

During the first quarter, TRON’s Total Value Locked (TVL) exceeded $10.1 billion, a 25% increase from $8.1 billion in the previous quarter. By the end of the first quarter, TRON maintained its position as the second-highest network in TVL, nearly $3 billion ahead of BNB Chain ($7.2 billion).

Tron price chart

TVL, denominated in TRX, also increased quarterly, increasing by 8% from 76.4 billion to 82.5 billion. This growth highlights TRON’s continued dominance and resilience in the DeFi landscape.

#tron Performance review for the first quarter of 2024
📈 TRON’s market capitalization soars 15%, marking another quarter of sustained growth.
🛠️Protocol revenue reached $128.1 million, ranking in the top three among all revenue. #blockchain network.
more @MessariCrypto ➡️https://t.co/2Fn42dlqgh pic.twitter.com/NlApIabmN0
— Tron Dao (@trondao) April 25, 2024

Tron price analysis for April 27, 2024 shows a solid upward trend on the day. This bullish movement has been consistent over the past few weeks with increased buying activity. In the last 24 hours, the value of the coin has risen to $0.1197 due to bullish momentum.

Daily Tron price analysis predicts further bullish movements in the market. There has been a significant price increase over the past two weeks, indicating a notable recovery for the cryptocurrency.

5. NEO

NEO has shown strong resilience amid market fluctuations, especially its recent upward trend. This rise follows positive market signals and solid performance relative to the overall market trend, indicating a strong recovery phase. NEO has achieved remarkable growth despite its small market capitalization and vulnerability to rapid price fluctuations.

In terms of technical analysis, NEO (NEO) shows profit potential as the price approaches the $23 threshold. The promising MACD indicator also hints at a bullish crossover, further supporting this upward trend.

neo price chart

NEO has a promising future if the market remains strong. A good Sharpe ratio suggests that more investments can be attracted, which can push the price higher. However, if it fails to break the $20 mark, NEO may fall and it may be difficult to maintain upward momentum.

Neo 🎉
New features include:
⚖️ Governance: Election of consensus nodes and distribution of rewards.
🔁 Connects from Neo X to Neo N3.
Read the article to learn more, including how. $GAS Used for governance of Neo https://t.co/A7EdBazIyN
— Neo Smart Economy (@Neo_Blockchain) April 22, 2024

Additionally, the price of the NEO cryptocurrency recently returned to the 50-day EMA point and has declined several times over the past few weeks. Additionally, the trend is neither up nor down and buyers want a quick comeback.