Next Crypto Explosion Thursday May 9 — Litecoin, Toncoin, Arweave, Floki

adminMay 10, 2024

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The cryptocurrency market remains unstable after the Bitcoin halving, with some coins struggling to rebound. Bitcoin (BTC) is slowly making its way back above $60,000, hoping to find support for the next big move. Investors should pay attention to this consolidation phase as it could be an opportunity to follow the upward trend.

Institutional investors are now paying more attention to interoperability and tokenization of real-world assets. The prices of these assets are rising even before the market fully rises. The goal is to identify: Next Cryptocurrency to Explode Inform investors and traders about each token.

Next Cryptocurrency to Explode

Next month, attention in the cryptocurrency market will turn to the altcoin sector and making the most of the market following the Bitcoin halving. Therefore, investors can take advantage of the moment and take positions in upcoming tokens like 5th Scape. The project aims to revolutionize virtual environments and user interaction by combining innovation and entertainment. This post contains detailed information about presale.

1. Litecoin (LTC)

After a steady decline, Litecoin found support near $75.00. It then started to recover and broke above the $78.00 and $80.00 resistance levels.

According to TradingView, the price of Litecoin has fallen more than 19% in the past month, causing many holders to lose money. However, during this downturn, larger investors bought more coins.

Litecoin price chart

This increase in purchases by large investors helped turn market sentiment towards Litecoin positive. In the last 24 hours its value has increased by 2.61%. If this metric reaches that point, it suggests price upside is likely. Additionally, an increase in open interest indicates that the upward price trend may continue.

A recent survey by a well-known payment processor showed a significant change in the way people use cryptocurrencies for transactions. By May, Litecoin had processed almost twice as many payments as Bitcoin, indicating a growing preference for Litecoin among users.

‘#Litecoin It remained the most preferred cryptocurrency for payments in April, outperforming all major assets. –@benzingacrypto $LTChttps://t.co/DxKpT08Qpi
— Litecoin (@litecoin) May 8, 2024

This change may be due to Bitcoin’s rising transaction fees. According to the report, Bitcoin’s average fees have risen to around $100, which is likely to hinder its use for micropayments. As a result, users are moving to cheaper alternatives like Litecoin, which offers similar blockchain benefits without the high fees.

Although Litecoin’s price has recently fallen 19%, large investors remain bullish and are buying more of the coin. Although the market is currently uncertain, the increase in open interest suggests the possibility of price increases in the future.

2. Toncoin (TON)

Toncoin (TON) is a good short-term buy, according to TradingView experts. One analyst said the break in the descending wedge pattern and increased trading looked positive. Additionally, the price is above the strong support area.

Toncoin (TON) recently broke out of a downward trend that started in April. Now the price is confirming the previous resistance as support. The analyst believes that now is a good time to buy short-term.

Toncoin price chart

Toncoin is currently trading at around $6.05. Analysis shows that it could go up to $10, which means there is an opportunity to make almost 100% profit.

🔥 TON DeFi is on fire! 🔥$TON Total fixed value (TVL) exceeded $200 million.
when @TON Open League @Started on March 1st. TVL recorded $22.9 million. Since then, TVL has grown 900% to $206.74 million.
It’s time to double down.
Sign up https://t.co/oW0WjBJ8KB pic.twitter.com/AU5t7PZXvp
— TON 💎 (@ton_blockchain) May 6, 2024

Last April, news broke about a partnership between the TON Foundation and HashKey Group. The alliance aims to strengthen the financial management of the TON ecosystem in the Asia Pacific region.

By forming a team, the organization aims to improve the infrastructure and efficiency of the TON ecosystem by leveraging the expertise of the HashKey Group. Together, they are working to expand the region’s cryptocurrency user base and improve accessibility to the technology.

3. DOGEVERSE

After pre-sale launch, doggers It quickly gained traction. The Dogeverse Twitter community grew to 14,000 followers in just one month, showing consistent interest despite market fluctuations.

What sets Dogeverse apart is its use of multiple blockchain networks. This means that the token operates on the Ethereum, BNB Chain, Polygon, Solana, Avalanche and Base networks, giving it a unique advantage both technically and from a speculation perspective.

Additionally, the project plans to be listed on major decentralized exchange platforms across these networks, improving liquidity over time. This makes it easier to exchange tokens and conduct transactions on different blockchain networks.

Never underestimate the power of flexibility and choice! 💪 🏋️‍♀️
$DOGEVERSE offers something uniquely different from others. Give yourself what you prefer. #blockchain. 🌍
Either that #ETH, #brush, #BNB chain, #Base, #Matic or #AVAXAdapt to your needs for speed and cost!
— DogeVerse (@The_DogeVerse) May 2, 2024

The Dogeverse project is gaining attention. It recently raised over $13 million, establishing itself as a strong alternative to Dogecoin. The final phase of the pre-sale is underway, with tokens being sold at a discounted price of $0.00031 each.

People purchasing doggers ETH allows you to stake tokens and receive rewards. The platform currently offers an APY of over 70%.

Visit Dogeverse Presale

4. Arweave (AR)

Arweave’s price surged 35.12% last week, catching the attention of investors and rising rapidly. The current value is $39.69, up 4.54% over the past day.

Arweave’s rise in value is related to the introduction of a new blockchain, Arweave AO. This innovative move aims to improve efficiency and speed. Despite the volatility, Arweave (AR) has shown strong stability, maintaining above $30, suggesting further growth potential. With the Bitcoin market looking positive, there is speculation that AR will soon reach $42.

Arweave price chart

Arweave has shown impressive results recently. Last year, cryptocurrency prices soared 357%, exceeding 89% of the top 100 cryptocurrencies. This means that the future of AR prices is bright. Moreover, Arweave’s ability to outperform big names like Bitcoin and Ethereum indicates its potential as a premier asset with unique advantages.

100,000+ transactions #arweave Since last month @AkordTeam.
If you’re new to Arweave or even a veteran, this is a great place to start. Includes 100MB free upload, Mint Atomic NFT, and more. pic.twitter.com/jWKBoZ9fmi
— Onlyarweave (@onlyarweave) May 8, 2024

Technical signals also indicate a positive outlook for Arweave’s price. AR is trading above its 200-day simple moving average (SMA), signaling a bullish trend and a potential upward move.

Additionally, the fact that Arweave’s current price is higher than the token sale price shows that early investors have made good returns, which boosts confidence and sparks renewed interest from the broader market.

5. FLOKI

Today, the Floki Inu market has had its ups and downs. It started with a big increase, reaching $0.000172. However, it soon fell to $0.000164. Despite the sudden drop, prices stabilized and remained fairly stable. Despite concerns about changes in the cryptocurrency market, people responded mostly positively.

Additionally, recent price gains suggest that people may be feeling more optimistic, which could be a good thing for the market.

FLOKI price chart

Meanwhile, Floki and TokenFi have joined forces to sponsor the upcoming T20 series between Pakistan and Ireland. As the main sponsor, their logo will be prominently displayed on elements such as perimeter boards, vision screens and boundary ropes during the live broadcast. The two companies hope that this partnership will further develop their brands while supporting the highly anticipated cricket series.

In other news, a large investor purchased a whopping 19 billion FLOKI coins. This was discovered by Scopescan, a popular cryptocurrency transaction tracker. This news surprised many people and caused the price of FLOKI to rise even though people were not very positive about the market.

FLOKI has been selected as the title sponsor for the upcoming Ireland vs Pakistan T20I cricket match
– @RealFlokiInu Announced as title sponsor for the upcoming “Floki Ireland v Pakistan T20I Series”.
– This three-match cricket series is scheduled to begin at Clontarf on Friday.
-… https://t.co/fdlYNs9Smn pic.twitter.com/VR5TtrQ1Ju
—BSCN (@BSCNews) May 9, 2024

At the same time, FLOKI whales are making strategic moves by withdrawing a significant amount of coins, worth about $18.76 billion or about $3.28 million, from three major cryptocurrency exchanges, including KuCoin, OKX, and Gate.io. The activity has sparked speculation about the whale’s plans and what it could mean for FLOKI’s future price.

According to data from Scopescan, the deposit/withdrawal ratio for FLOKI in the last 24 hours is 86% to 14%. This means that large amounts of meme coins are leaving exchanges, which indicates strong trust among holders and is likely to push the price of the coin higher.