Next Crypto Explosion Saturday March 2 – Axelar, FLOKI, Uniswap

adminMarch 3, 2024

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Overall cryptocurrency market trends signal the return of memecoin season. Many assets in that category could become the next cryptocurrency to explode. While the bulls are running at full speed, memecoins like PEPE, DOGE, FLOKI, etc. are making dramatic gains. Surprisingly, many of these assets have seen price increases of more than 100% over the past seven days.

Despite growing interest in memecoins and DePIN tokens, the driving force behind the current bull market is still Bitcoin. It is clear that Bitcoin sets the pace of the market and owning a significant amount of BTC can offset any disadvantages caused by untimely investments.

Next Cryptocurrency to Explode

Therefore, the Bitcoin Minetrix team has come up with a strategy that will revolutionize Bitcoin Mining forever. The project leverages cloud computing as a means to democratize mining activities. The update below includes details of the project and its ongoing pre-sale performance.

1. Uniswap (UNI)

Is Uniswap worth its price now? Uniswap recently gained attention in the cryptocurrency market, experiencing a price surge of more than 70%. The price increase was recently announced through the company’s official Twitter handle.

After the announcement, UNI continued its upward trend, raising its price to $12. There is currently speculation that UNI is one of the next cryptocurrencies set to explode. Today it recorded a price increase of over 5% and volume increased by 28%.

UNI price chart

What is more interesting is that the token is trading close to the resistance of $13. A rising price means UNI could head towards the $15 – $16 range. Given its current momentum, investors can expect to see UNI hit that price before the end of the quarter.

Despite UNI’s promising trends, there is a need to approach the token with great caution. UNI is trading at an RSI high of 81 at the time of this writing. This means that the token may be overvalued and record a downward trend.

Introducing Uniswap Extensions 🦄
It is the first wallet in your browser’s sidebar.
No more pop-ups. There is no longer a trading window.
Waiting list opens today 👇 pic.twitter.com/yNNgiju5zj
— Uniswap Labs 🦄 (@Uniswap) February 27, 2024

Aside from the chart trend, another factor that could trigger a prolonged rally for the UNI token is the upcoming Uniswap Extension. The team hopes this will be the first wallet to live in the browser sidebar. The wallet launch is likely to trigger a new rally for Uniswap tokens. Investors should investigate how a token fits into their strategy.

However, the bullish signal is still relatively strong and the price is falling below the daily and weekly moving averages.

2. Floki (Floki)

FLOKI is trailing PEPE’s performance, with its price increasing by more than 70% in the last 24 hours. It started a massive rally today, pushing its market capitalization into the $1 billion range. Additionally, it has recorded a sharp surge in trading volume, recording an 800% increase at the time of writing.

The token’s outstanding performance has catapulted it to a top position on LunarCrush, outperforming many other cryptocurrencies by a wide margin. Social transactions have seen a notable surge in the past month, increasing more than 159%. This trend may not slow down as memecoin season begins.

FLOKI price chart (1)

Moreover, investors should watch FLOKI trends this quarter. Because recent events could make FLOKI the next explosive Cypro. A post on the official Twitter handle explains that Floki DAO has voted for a token burn that would remove $24 million worth of tokens from circulation.

$FLOKI It has risen to the top of LunarCrush’s most popular assets, courtesy of memeseason. Social interactions increased 159.2% over the previous month and accelerated to new highs.
👇Check all your social metrics: https://t.co/yjcN8saqP0 @RealFlokiInu pic.twitter.com/mikgCKZl2E
— LunarCrush (@LunarCrush) March 2, 2024

They reported that over 190,918,585,431.84 $FLOKI tokens will be burned. This allows investors to expect a continued rise in token prices in the future.

Another important update is that FLOKI TVL recently surpassed $400 million, which represents an important milestone for the community. Ultimately, FLOKI will continue its upward trend and remain the token to watch in this bull market.

3. Bitcoin Minetrix (BTCMTX)

Bitcoin halving is just a few days away, and the value of the coin is likely to reach over $90,000 during this bull market. Therefore, investors who take positions now will likely reap significant ROI once BTC hits a new ATH.

Bitcoin Minetrix allows cryptocurrency investors to own BTC by participating in cloud-based Bitcoin mining initiatives. With this project, the team hopes to democratize the mining process, allowing average investors to mine Bitcoin without having to invest huge sums of money in infrastructure.

Currently, the project’s native token, BTCMTX, is in pre-sale and is available at a discounted price of $0.0138. There is currently growing concern about the energy consumption of the Bitcoin mining process. More democratized systems like Bitcoin Minetrix have a competitive advantage. This means increasing demand which increases the value of the native token.

🚨 US judge halts government monitoring efforts #Cryptocurrency Use of mining energy due to concerns about environmental impact.
How can I do this? #Cryptocurrency Is your industry working to minimize its environmental impact while continuing to innovate?#Bitcoin Metrics We are proud to announce it again… pic.twitter.com/rMmyPaQnPw
— Bitcoin Minetrix (@bitcoinminetrix) March 1, 2024

As of press time, BTCMTX presales have surpassed $11.6 million and will soon reach the next level. Investors participating in the project now have the opportunity to earn significant ROI upon listing. Our pre-sale page provides detailed instructions on how to participate.

Visit Bitcoin Minetrix Presale

4. Accella (AXL)

AXL has recorded a price increase of over 118% in the last 30 days, hitting a high of around $2.57 before suddenly falling to its current price. Investors should keep an eye on the token as upward price movement on the charts indicates that the token is poised for a dramatic upward trend.

The sudden price rise is due to Binance announcing support for AXL spot trading. Reported pairs include AXL/BTC, AXL/USDT, AXL/FDUSD, and AXL/TRY. The notice is scheduled for withdrawal yesterday, Friday, March 1st, and today, Saturday, March 2nd at 11:30 (UTC). The news sent the price of Axelar skyrocketing and established it as one of the next cryptocurrencies to explode.

AXL price chart

Additionally, data from AXL Technical Analysis shows that the current downtrend may be short-lived as the moving average is clearly below the current price. Moreover, the AXL MACD reading is still bullish at 0.1872.

The growing adoption of blockchain technology is changing the world as we know it. The emergence of institutional investors in the cryptocurrency market has caused dramatic disruption. Now the need for interoperability is growing, and the prices of the assets that provide these services are rising tremendously.

🦾 🌊 Deals everywhere @Filecoin Easy with axlUSDC + axlETH @Uniswap and @Sushi Swap 🌊 🦾 pic.twitter.com/7SQE5XYP0A
— Axelar Network (@axelarnetwork) March 1, 2024

However, investors should watch out for the actual Axelar token, which will be released in about 24 days. In this event, 25.81 AXL tokens will be released to the market. The release represents over 2.27% of the total supply of tokens. It is also valued at $50.54 million, approximately 4.43% of the market capitalization. The launch may cause the value of AXL to fall.