Next Crypto Explosion Tuesday, April 23 — Akash Network, Kaspa, Stacks, Immutable

adminApril 24, 2024

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Getting significant ROI during a bull market could mean paying attention to major cryptocurrencies and positioning altcoins to take off. But discerning Next Cryptocurrency to Explode This can be a bit difficult since most funds are attracted to asset pumping.

With institutional investor participation in the market, interest in interoperability and real-world asset tokenization will increase. Already, asset prices in this category are rising even before the bull market begins in earnest.

Next Cryptocurrency to Explode

When it comes to upcoming high-value cryptocurrency projects, 99Bitcoins is transforming the cryptocurrency space with its “Learn-to-Earn” approach. Users earn $99BTC tokens by participating in interactive lectures and quizzes. Plus, by holding $99BTC, you can get additional benefits, including staking rewards and personalized lessons. Investors also have access to free trading exposure, signals and VIP community groups. Here is an overview of 99Bitcoins and the next explosive cryptocurrency.

1. Akash Network (AKT)

The price of Akash Network has surged 45% in the past 24 hours, reaching $6 at 4 AM EST. This increase was accompanied by a significant increase in transaction volume, up 2,043% to $84.9 million.

The AKT cryptocurrency initially rose more than 50% to $6.8. During this uptrend, the token has converted significant historical resistance at $6 into a strong support level, preventing a current decline. AKT’s rise in value coincided with Upbit’s announcement of the listing of AKT tokens, sparking significant trading activity and investor interest.

Akash Network Price Chart

Additionally, Akash Network has recently experienced notable developments. On March 18, AKT began trading on Coinbase. Also, last week Akash deployed Llama 3 70B on its network. The project described the model as “the most capable AI model publicly available.”

Akash Network’s price surge occurred suddenly, with the token rising from $4.0082 to $6.8203 within 30 minutes. This sharp increase led to a price correction that stabilized AKT at the $6 support level. However, some analysts believe that further corrections could bring the token back to previous levels.

$AKT Trading now @upbitglobal KRW, BTC, USDT Market https://t.co/LbVQg5utdN
— Akash Network (@akashnet_) April 23, 2024

Traders are now examining technical indicators and signals to predict future price movements of AKT. For example, the token’s Relative Strength Index (RSI) has reached a very high value of 97.77, indicating overbought conditions. Afterwards, RSI fell to the current 72.95.

A decreasing RSI suggests profit-taking among traders, while wide Bollinger Bands indicate a bullish signal. Traders can buy AKT during a bear market, potentially pushing the price back up or holding it above $6.

2. CAS

Despite the recent drop in Caspar (KAS) price, major indicators are showing positive signs for future growth. Over the past month, Kaspa’s price has fallen by more than 10%. However, it found support at $0.11 and is now rebounding positively.

In 2023, Kaspa operated successfully, but prices remained stable in January 2024, indicating low market activity. However, the situation changed quickly as the price soared by 88.63% in just a few days due to increased volatility.

Kaspa price chart

Moreover, Kaspa’s trading volume is increasing by an average of 35% every day, suggesting the potential for significant price appreciation. Additionally, with the upcoming halving event expected to boost the market, Kaspa may surpass its all-time high of $0.18. This makes it a promising cryptocurrency to consider investing in in the second quarter.

It’s exciting to see the ecosystem expanding. https://t.co/fMp1Iwl8kK
— Caspian (@CaspaCurrency) April 22, 2024

Kaspa’s price reached its highest this year at $0.183, but is down 36.62%. Since then, it has remained in the $0.116 to $0.140 range. If the market remains positive, KAS could rise to $0.162. But if not, it could fall to $0.116.

Some signs, such as technical indicators and upcoming events, suggest that Kaspa could soon undergo a big change. Some experts believe Kaspa is showing signs of rising as it did before its big changes in the past.

One reason for this is the upcoming Kaspa on Rust project, which is currently in beta stage. These updates can make Kaspa better and faster, which can help Kaspa grow further.

3. Stack (STX)

After the halving, layer 2 tokens performed better than Bitcoin. STX, the native token of Stacks, BTC’s layer 2 network, surged nearly 20% to $2.87. Other layer 2 coins such as Elastos’ ELA token and SatoshiVM’s SAVM also saw gains of 11% and 5% respectively.

STX has been strong in the cryptocurrency market since its founding in 2017. Stacks is a blockchain network that allows smart contracts to be executed based on Bitcoin, with a focus on asset security and privacy.

Last year, Stacks performed strongly, increasing its value by more than 200%. However, it recently fell by 18% in one month and 11% in one week. It is currently trading between $2.75 and $2.47 per share. Analysts predict that the next bull market will push Stax’s value higher again.

stack price chart

After years of research and development, the Stacks blockchain is undergoing significant changes. This upgrade aims to decouple the production schedule of Stacks blocks from that of Bitcoin. Layer 2 networks can handle more transactions than Bitcoin, but the original setup created congestion issues because the stack produced blocks at the same rate as Bitcoin.

Nakamoto has started releasing ✌
At Bitcoin block 840,360, the first fork began the two-stage rollout process that will bring Nakamoto!
This means we are just one more step away from fast blocks, Bitcoin finality, and more being available to everyone!
Read more 🧵 1/6 pic.twitter.com/dvE0QkSlGt
— stacks.btc (@Stacks) April 22, 2024

Now, Nakamoto is introducing a new way to generate Stacks blocks by updating its unique Proof-of-Transfer consensus algorithm. Today is the day new block “signers” come online to verify the “tenure” of transactions. We will initially practice this process until May when the upgrade becomes fully active.

For Stacks users, we recommend using the updated wallet. This happens automatically for many people. Those who staked STX tokens were automatically unlocked on Monday. These tokens can be staked again next week once a Nakamoto compatible pool becomes available.

4. 99 Bitcoin (99BTC)

99Bitcoin A trusted cryptocurrency information hub that recently leveraged its reputation to launch its own token. The project has a strong user base with over 2.8 million email subscribers, 700,000 YouTube followers, and a leading cryptocurrency news website.

The token aims to revolutionize the cryptocurrency space through its “Learn-to-Earn” approach. Users earn $99BTC tokens by participating in interactive classes and quizzes to encourage learning and rewards. This strategy is accessible to both beginners and experts. With the recent Bitcoin halving, 99Bitcoins aims to provide groundbreaking learning strategies through tokens.

The pre-sale has already garnered interest from early investors, raising more than $650,000 of its $1,136,737 target. With a starting price of $0.00101, the value of 99BTC is expected to rise significantly, creating a unique opportunity for early participants.

🌟 The clock is ticking for $99,999 BTC #airdrop! ⭐️
It’s simple. The more tasks you complete, the more items you get! You could be one of 99 lucky winners. 🙌
Join now! 👉 https://t.co/9aJ5rE5LY3 #99BTC airdrop #Cryptocurrency #Ticketing pic.twitter.com/A656wQzBSp
— 99Bitcoins (@99BitcoinsHQ) April 23, 2024

The success of the pre-sale and the introduction of a high-reward staking program are expected to increase demand for 99BTC. According to forecasts, its value is expected to increase significantly to $0.0054 by the end of 2024.

Besides, I have $99BTC We provide additional benefits such as staking rewards and customized lessons. Investors also have access to free trading exposure, signals and VIP community groups.

Visit 99Bitcoins Presale

5. Immutability (IMX)

Immutable (IMX) has seen significant growth over the past year, up over 96%. The cryptocurrency is down about 22% in a month, including a 14% decline over the past seven days. However, as of this writing, it is up 6.34% in the last 24 hours.

Despite this recent decline, there are positive signs for IMX. Both market capitalization and trading volume are rising, suggesting that there is a possibility of an increase in value in the near future. It currently trades between $2.05 and $2.38 per token and boasts a market capitalization of nearly $3 billion. Analysts predict its value will soon surge.

constant price chart

Moreover, volatility remained stable at around 14% last month. Additionally, liquidity is high with a trading volume to market capitalization ratio of 0.0361. This means there is enough transaction activity to support further growth.

Meanwhile, Immutable Released.

The initiative is being led by James and Robbie Ferguson, founders of Immutable X, and Sandeep Nailwal, co-founder of Polygon. This comes while a number of other gaming funds have been revealed, including a $120 million fund from Starknet, sparking optimism across the wider Web3 gaming sector.

There were 100,000 new Immutable Passport sign-ups in the last 7 days.
With over 300 high stakes games released on Immutable, this is just the beginning.
Web3 games are clearly the next big innovation category. pic.twitter.com/LZgEhgpxsM
— Immutable (@Immutable) April 21, 2024

Immutable X (IMX) is transforming NFT trading with cutting-edge features. Immutable X (IMX), Ethereum’s layer 2 scaling solution, offers fast transactions and significantly lower fees compared to the Ethereum mainnet.

Additionally, Immutable The IMX token is the center of an ecosystem that facilitates fee payments, rewards through staking, and governance participation.