Next Crypto Explosion Saturday, January 6 – Lido DAO, Sponge V2, Tectum

adminJanuary 7, 2024

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Bitcoin price continues to fluctuate as the market awaits approval of the BTC spot ETF. Despite price movements over the past few days altering the overall performance of the cryptocurrency market, market sentiment remains strong. Surprisingly, altcoins continue to rise, with many top tokens posting double-digit percentage gains.

Next Cryptocurrency to Explode

In today’s review, we’ll take a look at the performance of some of the top gainers over the past 24 hours. The goal is to update the inventor on his or her values. We will also look at its future potential based on technical and fundamental market data. At the same time, we will explore the pre-sale market to identify cryptocurrency opportunities for investors to participate, especially as uncertainty begins to return to the cryptocurrency market.

1. LDO

Lido DAO’s popularity on social media has increased over the past 24 hours due to its price-performance ratio over the period. It was one of the few tokens among the top 100 cryptocurrencies to maintain a bullish trend throughout the day.

Meanwhile, the price continued its upward trend today, rising more than 8% in the last 24 hours. Trading volume also increased by more than 32%. Thus, the token has established itself as one of the top gainers over the past 48 hours.

Surprisingly, LDO prices have been rising gradually for over 90 days and are up over 157% to date. According to market data, LDO is poised for more gains this quarter. First, the current price of the token shows continuous accumulation, keeping the long-term moving average below the current price. Additionally, the token’s TVL has increased, as seen in a recent Twitter post.

Lido Dao

Therefore, LDO holders can expect the bulls to dominate in the short and long term, especially in the first quarter. Moreover, most oscillators show that the token has more bullish potential. For example, the LDO MACD reading returns a value of 0.252, indicating bullish momentum.

But on the other hand, the trend may turn towards the bearish in the near term as there are signs that the token price is likely to fall below the RSI reading. Nonetheless, investors should keep a close eye on LDO as it has the potential to become the next cryptocurrency.

2. Sponge V2 (Sponge)

Sponge V1 performance has many degen investors smiling at the bank. For example, the token has amassed a market cap of over $100 million in ATH. We have also grown our community to approximately 13,000+ holders. Not to mention over 10 CEX listings and thousands of social media followers.

Unfortunately, many Degen investors have missed out on easy wins and lost 100x their investment. However, the opportunity to make up for the defeat came again. Pre-sale for Sponge V2 is currently underway. V1 holders can earn huge profits by staking their tokens in V2 contracts, while investors who have not yet participated can do so by securing V2 tokens ahead of listing. At press time, the total value of staked tokens was $2,939,319.84. This means the community is willing to make V2 a success.

🚀 Did you miss the 100x success of Sponge V1?
With a larger campaign #SpongeV2, we are back stronger than ever! 💪
Hurry up and secure your stake $sponge Token today! 🔥$sponge #Cryptocurrency #Crypto Staking pic.twitter.com/QIo0RMz4LT
— $SPONGE (@spongeoneth) January 6, 2024

Sponge V2 also includes utilities unlike V1. The goal is to increase demand for the token and increase community reward avenues. According to the sales page, V2 features a peer-to-peer model that rewards holders for participating in the game.

Visit Sponge V2 Presale.

3. Roof (TET)

Tectum is currently on a path to explosive growth after gaining more than 13% in the last 24 hours. Since its launch in the third quarter of last year, the token has shown resilience, with its price rising by more than 360%.

However, many believe that its high performance stems from its timing at launch. In particular, the cryptocurrency market last year was strong in the months leading up to the third quarter. Additionally, the upward trend in TET performance is consistent with this trend.

Tectum price chart

Nonetheless, recent data suggests that this new cryptocurrency may be confirmed to have the potential to be one of the next explosive cryptocurrencies. Earlier this year, the current initiative in mainnet T12 staking saw an increase in trading volume. The deflationary effect of staking initiatives may affect the price trends of tokens in the long term.

Basically, Tectum has the reputation of being the only layer 1 chain that uses proof-of-utility consensus. Exclusive initiatives make it one of the fastest network protocols in the industry. Moreover, it is claimed that it can process up to 1 million digital events per second. Despite being praised for its high speeds, use cases for the network are still minimal.

Mainnet Node Staking TVL!
The total locked value of Tectum staking reached $13 million!
🔹11 node pools
🔹Currently up to 28% APY
🔹Strengthened lock-up period
🔹100 TET can be delegated
🔹 5000 TET for community nodes
🔹20,000 TET full node
Stake now: https://t.co/x80XX5DtSO pic.twitter.com/Mi6w57k3MG
— Tectum (@tectumsocial) January 4, 2024

Investors should watch tokens carefully. Ideally, TET prices will likely continue to rise as use cases and adoption increase.

4. SUI (SUI)

SUI’s recent performance suggests the token will see explosive gains this quarter. Over the past 30 days, there have been several attempts to hit the $1 price, but resistance has been relatively strong in the $0.8-$0.9 region.

In the last 24 hours, SUI price moved into the $0.9 range and then fell to $0.88. However, it remained above 10% during that period, and trading volume increased by over 63%. Moreover, SUI has recorded about 19 green days in the past 30 days, meaning it is in a bullish trend 63% of the time. And the use cases for SUI are increasing.

SUI price chart

Unfortunately, the circulating supply of tokens is only 11% of the total supply. Therefore, there is a higher risk of volatility and volatility in the long term. However, in the short term, the token is also at risk of a price reversal due to its current RSI value of 62. It’s neutral, but we’re getting much closer to oversold territory.

thank you for @KoskiKostas Thank you for listing some amazing projects to look at when getting started with the Sui ecosystem!
What project would you recommend to someone new to Sui?🙌 https://t.co/mQ7tQiAg1A
— Sui (@SuiNetwork) January 6, 2024

Meanwhile, SUI holders or intended investors may not need to worry too much as SUI’s current price is well below its long-term moving average. This could help build on the bullish momentum of the first quarter and push it above the $1 price range.