Next Crypto Explosion Sunday February 25 – Sei, Arbitrum, VeChain

adminFebruary 26, 2024

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Primary signals indicate the probability of a bullish trend occurring. One of these signals is the current outflow of funds from CEX platforms as whales store BTC. Ultimately, if the optimistic predictions come true, the market could witness the next cryptocurrency rally.

Ideally, a Bitcoin rally will often result in a surge in the value of several altcoins, many of which are already poised to move higher. Therefore, investors looking to capitalize on the altcoin rally should consider the tokens listed below.

Next Cryptocurrency to Explode

Market data and on-chain analysis point to an imminent rally in these assets. Additionally, there are new cryptocurrency projects to keep an eye on in the new week. eTukTuk, for example, is leveraging the growing AI trend and its fundamentals are impressive. Investors should watch pre-sale performance. Nonetheless, the project journey so far is also documented below.

1. SIX

DeFi assets are on the rise again following a recently launched initiative by decentralized exchange platform Uniswap. Sei is described as a layer 1 blockchain that specializes in giving exchanges an unfair advantage. The project leverages an underserved segment of the cryptocurrency market: decentralized exchanges. SEI is recording more and more use cases, as reported on its Twitter handle.

SEI price chart

Several projects have been launched to address the scalability and speed issues of CEX in general. However, DEX still has fundamental problems.

During the weekly period, the token trades closer to the oversold range with an RSI value of 72. However, the moving averages indicate that SEI may maintain its current bullish trend in the near term.

Here’s a brief reminder of the first Sei native EVM project from last week. Named on Sei v2 Devnet.
Check out their stories and how they are shaping the future of the Sei ecosystem: https://t.co/Kgs7LMnfjS
— Sei 🔴💨 (@SeiNetwork) February 22, 2024

Conversely, the daily moving average shows that the market is slightly bullish for the SEI token. However, long-term holders are holding onto the tokens, which may help stabilize the token price until it returns to previous levels. Ultimately, investors could see SEI’s value rise back into the $1 range before the quarter ends.

2. Ituk Tuk (TUK)

The doors to purchase TUK tokens are still open to environmentally conscious investors. The project seeks to address climate change by focusing on providing futuristic transportation solutions. Not only are we solving the climate problem, we are also leveraging artificial intelligence solutions in the process.

“Breakout crypto eTukTuk is working to improve urban transportation in developing countries through electric vehicles and blockchain technology.” – @cryptonews
Learn more here: https://t.co/7hr62WePzm
— eTukTuk (@eTukTukio) February 8, 2024

As interest in AI projects grows, eTUKTUK offers investors the opportunity to invest in utility-focused cryptocurrency projects and a position to capture the windfall of the growing AI trend. TUK pre-sales have raised over $1.3 million and we are very excited about what comes next.

The token price is at a discounted price of $0.02725. Investors have just eight days to capitalize on the price before it rises again. The project’s pre-sale page includes details on how to participate. We also share information on how you can benefit from our staking offers.

Visit eTukTuk Presale

3. VeChain (VET)

VET may be ready for another step forward. The token price soared nearly 100% earlier this month, reaching a value of $0.04491. However, VET was forced to trend sideways due to the overall pessimism witnessed in the cryptocurrency market. However, the recent move towards utility and value-added projects has been well-received by investors.

VET price chart

VET saw a price increase of around 5% today. This trend prepares the chart for a breakout of the long-term sideways trend. If VET exceeds the $0.045 – $0.05 range, the token may reach the $0.08 range or up to $0.1. The team’s current move to encourage more use cases for the platform will likely serve as the catalyst needed to achieve the break.

What are the chances that VET will be the next cryptocurrency to explode? Not only is VeChain moving towards increasing utility or use cases, but the community is also working to enter the growing RAW sector.

Create to earn. #sustainability #RWA $VET https://t.co/mkUOyXGBZK
– VeChain (@vechainofficial) February 24, 2024

Real-world asset tokenization is an emerging field in the cryptocurrency space, valued at trillions of dollars. If VET leverages this sector, the potential for explosive gains in the future is endless. However, investors should hold off as asset prices will soon fall.

4. NEAR Protocol (NEAR)

NEAR, a Near protocol token, was recently rejected at a price of $4.2. The price movement was mainly caused by whale selling pressure. However, it is not uncommon for whales to escape resistance. This mainly occurs through market manipulation and increased short positions, especially in highly volatile assets such as NEAR. Unfortunately, the token price remained below $4 for most days of the month.

NEAR price chart

However, investors can expect a reversal as soon as the token gradually approaches resistance again. Moving averages indicate bullish interest as the value moves below the current price. On the other hand, oversold signals in the Relative Strength Index can threaten the ability to break through resistance levels.

Nonetheless, investors should pay attention to the NEAR trend. A break above the $4.2 resistance level would indicate that holders could rise to $7.

5. Arbitration (ARB)

Many assets in the Ethereum ecosystem are replicating ETH’s price rise. Over the past seven days, ARB has consistently hit higher lows. Interestingly, the data on the ARB chart indicates that the token is poised to be one of the next cryptocurrencies to explode. Moreover, the few weeks since the recent ATH indicate that there may be more progress in the coming months.

ARB price chart

In the last 24 hours, ARB recorded a price increase of about 2.5%. Unfortunately, it continues to see resistance at $1.87. A break above resistance would mean ARB could return to ATH. Interestingly, despite the token currently fighting resistance, the chances of a breakout are relatively high considering that it is trending closer to an oversold signal on the daily chart.

Additionally, signals from long-term moving averages indicate bullish signals. As a result, ARB’s near-term bearish trend is likely to face a retracement at the $1.7 price level as strong support appears on the chart.

V2 of Arbitrum 💙🤝 @Uniswap https://t.co/F8Ho6n8QL2
— Referee (💙, ) (@referee) February 23, 2024

Another initiative that could provide ARB with the leverage it needs to reach ATH is the recent debut of Uniswap V2 on the platform. The recent rise in the value of UNI services is a pointer to what ARB holders can expect.

Additionally, the community is currently seeking more visibility, a move that could also contribute to higher prices. Ultimately, the ARB trend is poised to explode, so investors should take note.