Next Crypto Explosion Saturday, March 30 – Jito, Myro, CyberConnect

adminMarch 31, 2024

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The world is becoming more accepting of the evolution of cryptocurrencies. Several countries are now lowering their restrictive policies to make room for the growth of digital currencies within their borders. A recent example is the move by Taiwanese authorities to allow the establishment of cryptocurrency industry associations. The world will probably see what happens next. Next Crypto Explosion In the area.

Nonetheless, Bitcoin continues its sideways trend, with the $72,000 selling wall keeping the price in the discovery phase despite the increasing penetration of the cryptocurrency. Ultimately, there is speculation that the halving event will act as a catalyst to restore Bitcoin’s bullish trend.

Next Cryptocurrency to Explode

In the meantime, investors who failed to buy into the BTC dip in late 2022 can take advantage of a new mining initiative. Projects like Bitcoin Minetrix that offer decentralized mining opportunities allow investors to get into Bitcoin Minetrix without investing huge amounts of money in infrastructure. Today’s post provides more information about this and how to get started.

1. JTO

Market data suggests that JTO will be one of the next explosive cryptocurrencies. The cryptocurrency has been on an upward trend for the past 30 days, with some temporary downturns. In the last 24 hours, the price of JTO has risen by more than 6%, adding a few more points to its value. More importantly, JTO is increasing its value in the cryptocurrency community by establishing partnerships with other platforms.

JTO’s trading volume increased slightly during the period, accounting for more than 33% of the market capitalization. Typically, a surge in trading volume for an asset means increased investor interest in the token. Therefore, a continued upward trend for new cryptocurrencies is likely imminent.

JTO price chart

Additionally, JTO technical analysis suggests potential bullish performance for the token. At the time of writing, the RSI reading for the asset was 56. This value implies neutrality of market bias. Likewise, the price of JTO may still have more room to rise further.

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The 200-day moving average reading posts a signal validating the impending bullish sentiment as the price remains above the EMA. However, JTO holders may see temporary declines due to the readings of some oscillators applied to the charts. For example, reading JTO MACD data returns a bearish signal.

The ADI(14) reading remains neutral, but the short-term trend is neither strong nor weak. Therefore, it is best to wait for a break above the resistance cluster in the $3.3 range before making a decision. Nonetheless, JTO offers an opportunity for significant short-term gains.

2. MYRO

Miro appears to be back on the rise after a brief reversal from its all-time high. Memecoin is named after Solana founder Raj Gokal’s dog Myro. Solana memecoin culture gained popularity earlier this year when it took over the entire cryptocurrency community. Myro is currently posting intraday gains of over 14%, which is an increase in net gains of around 36% over the last 30 days.

Data from Token Chart shows that Myro has the potential to be one of the next cryptocurrencies to explode. The token is posting a gradually parabolic trend near the 0.31 resistance cluster. As of this writing, the price is already trading near resistance at $0.3075.

As a result, a break above the resistance level could push Myro past ATH with a few downsides. Signals from Miro’s technical indicators also demonstrate the possibility of a continued upward trend. According to the charts, especially on the daily time frame, Myro’s EMA200 is falling significantly below its current price. This shows that there is more room for a further upward trend in the asset.

MYRO price chart

Additionally, MYRO’s neutral RSI reading is another sign of a potentially more optimistic outlook. On the other hand, a few oscillators indicate that the labyrinth may face a slight decline as it approaches ATH. Therefore, it is best to take precautions when viewing assets.

Another noteworthy factor with the recent resurgence of Maze’s rise is the significant increase in social mentions of the project, largely generated by the activity of influencers. Therefore, it is best to implement a risk management strategy when dealing with assets.

3. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix The pre-sale offering raised more than $12.7 million. The next $13 million target is just a few steps away, and investors still have a short window to participate in the project. The team and community behind the project remain steadfast in their vision of decentralizing Bitcoin mining.

The latest argument in the cryptocurrency space is that it is only a matter of time before the energy demands of Bitcoin mining infrastructure become too large to meet. That’s why we need to look at more decentralized mining systems that don’t require miners to build independent infrastructure.

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new bitcoin mining initiative, Bitcoin Minetrix, the BTCMTX cryptocurrency makes this possible. The token allows investors to mine Bitcoin through cloud computing technology. What makes Bitcoin Minetrix different when it comes to cloud mining is that it reduces the propensity for fraud and ensures that users have unbiased access to computing power. Project details and overall token economics are covered on the pre-sale page.

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4. CyberConnect (CYBER)

CyberConnect is finally testing the $14 range for the first time since the price drop. Cryptocurrencies have faced a dramatic price decline since their permanent listing in the third quarter of last year.

However, CYBER is riding a bullish trend to regain lost value, with a gain of over 8% in the last 24 hours. This could allow CYBER to beat its path to the $20 region before the end of next quarter.

Moreover, the introduction of a social layer and re-establishing dominance over the network opens the door to further growth potential for the token. This plan will increase the inflow of funds into the network and reduce the circulating supply of the asset. Therefore, demand will increase relative to supply and overall value.

cyber price chart

CyberConnect’s technical analysis shows a strong bullish signal according to the reading from the MACD indicator. Likewise, Cyber’s long-term and short-term moving averages remain below the current price, giving it more room to run. Ultimately, the likelihood that a cyberattack will rise above the ATH value is quite high.

However, Cyber is likely to face a temporary decline near the ATH value as the reading of RSI values clearly shows that it is trading closer to the oversold range and the Average Directional Index reading indicates a neutral trend. Therefore, CYBER may lack the momentum to sustain above the ATH value. Nonetheless, it is quite possible that we will see a CYBER value of $20 in the second quarter of this year.