Next Crypto Explosion Sunday March 17 – Aave, Synthetix, Conflux

adminMarch 18, 2024

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Currently, the market is showing an overall downward trend as the prices of major cryptocurrencies are recording a downward trend. Over the past 48 hours, BTC has lost much of its recent gains, with the price falling from a high of $73,000 to $67,000. While many investors see dips as an opportunity to buy, others see it as a sign that money will soon be diverted to altcoins.

In fact, altcoin prices have skyrocketed in the past 24 hours. Many tokens on the gainers list today are recording double-digit gains. Therefore, the search for the next cryptocurrency to explore is increasing.

Next Cryptocurrency to Explode

To help investors narrow their search, we’ve compiled a list of today’s best-performing cryptocurrencies. Likewise, the post outlines Green Bitcoin, an upcoming cryptocurrency project. The project has promising prospects and the post shares all about the pre-sale offer.

1. Synthetix (SNX)

Synthetix is another DeFi asset to watch in the coming week. The token has seen a huge rise following Uniswap’s recent governance policy update. The 25% price increase amplifies SNX’s prospects in this bull market. Therefore, investors should keep an eye on SNX as it could see surprising price movements in the coming weeks, especially as the market anticipates the halving.

As of this writing, SNX is fluctuating between price consolidation and decline. The token was trading near the $4 – $5 resistance zone, leaving investors on the sidelines. Nonetheless, technical analysis applied to the SNX charts shows that long-term token holders still have their assets.

SNX price chart

Short-term EMA also indicates that new buyers are purchasing more coins at the current price and that demand for the token will increase as its cost increases. This trend is confirmed by the price of SNX trading well above the 10-day and 20-day EMA and SMA.

However, support in the $3 range could give SNX the momentum it needs to continue rising above the $4 price. Above that range, there is minimal resistance to forcing SNX back. That means it has runway in the $7 to $8 range. Additionally, its value is likely to increase as circulating supply decreases due to ongoing token burns.

Another $1.12 million in commissions burned in another week!
Synthetix Perps @optimism It accounted for 80% of the total weekly fees, with the remaining 20% consisting of L1 spot synths and L1 loan repayments.
This week $1.12 million in sUSD moved to: $SNX Strikes, debt reduction. pic.twitter.com/hxn7izJLst
— Synthetix ⚔️ (@synthetix_io) March 14, 2024

First and foremost, it is best to research the token in more detail, especially as the market moves away from DeFi 1.0 and DePIN becomes an area of interest.

2.Abe

The DeFi sector may be gaining ground again, with investors rejoicing as assets in the sector witness a surge in prices. Over the past 24 hours, trading volume for assets in the sector has increased by 5% overall.

AAVE is one of the best-performing cryptocurrency assets in the sector. It recently experienced a price surge where prices increased by more than 20% and has since settled into a relatively flat trend. Given the growing interest in DeFi assets, the trend is one of accumulation.

Therefore, it is likely that AAVE price will surge further in the coming weeks. Moreover, the MACD reading on the AAVE chart shows that there is still room for further strength.

AAVE price chart

Additionally, the RSI reading of the asset has decreased significantly. It recently dropped to 71. The downward trend in the RSI figure shows that the token is gradually reaching its true value. This allows us to see a return to an upward trend.

Likewise, AAVE has some major resistance to contend with on its path to the top. If support is found in the ongoing retracement, the chances of a breakout of the $156-$160 price range are quite high.

It is best to keep an eye on AVAX trends as it is poised to become one of the next explosive cryptocurrencies. It is also widely used for flash lending, making it one of the best cryptocurrencies for long-term strategies.

3. Conflux (CFX)

Conflux dashed investor hopes, which led to the drying up of investor interest in the asset. Crypto investors’ expectations of CFX were heightened last year following the platform’s partnership with China Telecom to create blockchain-based SIM cards in China. However, the project failed to reach its potential and China’s strict cryptocurrency regulations brought the token to its knees.

Nonetheless, CFX is currently eyeing an uptrend as it helps the bull market come back to life. Over the past 7 days, CFX price has risen by more than 39%. This trend shows growing investor interest in price, which may lead to a steady increase in demand for CFX tokens.

CFX price chart

The sharp surge in asset prices can be traced to recent network upgrades. There has also been an increase in partnerships between the platform and others in the industry. Additionally, cryptocurrency laws on the Asian continent are being reviewed and cryptocurrency projects are becoming more and more welcoming. Therefore, assets like Conflux are becoming increasingly popular.

📣 Conflux v2.3.5-test net upgrade announced!
This update is essential to improve the performance and stability of your nodes.
Key improvements in v2.3.5:
🔹 Bug fix for compatibility issues so archive nodes can sync properly.
🔹 Deal resolution…
— Conflux Network Official (@Conflux_Network) March 12, 2024

Ultimately, CFX could record further increases in the coming months. One advantage it has over many other assets in the market is its dominance on the Asian continent. As the market embraces cryptocurrencies, the potential of CFX will unfold.

4. Green Bitcoin (GBTC)

This has been very exciting for the Green Bitcoin community and the team is considering announcing an exchange listing. While investors wait for the listing update, there is still room to purchase more tokens at a discounted price as the pre-sale is ongoing.

As of this writing, the project has raised more than $5 million toward its hard cap goal of $7 million. Surprisingly, the recent surge in capital inflow toward presales occurred quickly. The new development shows that the overall shift in investor interest in altcoins is reflected in pre-sale cryptocurrencies.

As the cryptocurrency market prepares for another phase of its uptrend, it is important to keep an eye on assets like GBTC that are designed to capitalize on the halving wave and reach its peak. The performance of tokens like BOME shows that the cryptocurrency market favors newly launched assets with the potential for explosive growth.

With record breaking yesterday and an announcement just around the corner, the time has come for green Bitcoin! pic.twitter.com/V4rG231djX
— GreenBitcoin (@GreenBTCtoken) March 16, 2024

With its intuitive and extensive utility, GBTC is poised to get off to a great start on exchanges. Combining the narrative of Bitcoin with the powerful utility and efficiency of Ethereum, Green Bitcoin offers a story that will resonate with the cryptocurrency community.

Therefore, as talk of a more efficient cryptocurrency platform spreads, we will likely see increased adoption of our native token, GBTC, as a result. Detailed information about the project overview, token economics and pre-sale activities is included on the pre-sale page.

Visit Green Bitcoin Presale