Next Crypto Explosion Wednesday February 21 – Fetch.ai, Ronin, Chiliz

adminFebruary 22, 2024

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It’s difficult to know when the next cryptocurrency will explode. All cryptocurrency sectors are seeing sporadic gains in the bull market. However, with the right indicators, investors can identify cryptocurrencies with promising prospects. Some of the stories that are gradually making waves in the market this quarter are the DePIN and AI stories.

The assets are performing impressively. The performance of Fetch.ai, Ronin, and Chiliz can provide insight into the cryptocurrency market in the coming months.

Next Cryptocurrency to Explode

Additionally, upcoming cryptocurrencies such as Scotty the AI are also gaining attention due to the speed with which they are processing their pre-sale schedules. An overview of the pre-sale journey and prospects for the token is covered below.

1. Rendering (RNDR)

Render made headlines in the first quarter of last year amid rumors of a partnership with Apple Inc. The news assumed that Render’s distributed GPU network would be used in VR headsets.

But the cryptocurrency community’s hopes were dashed when VR headsets hit the market with little sign of Render Network technology being used. Nonetheless, Render’s appearance at one of Apple’s events ahead of the Gear launch gave the platform the credibility and visibility it needed. The event put the project in the spotlight and helped strengthen investor interest in the asset.

Ronin price chart

Currently, RNDR is reaping the benefits of the partnership as its token value has increased nearly 600% YTD. Interestingly, prices are continuing their upward trend, recording a price increase of over 5% today. Despite Kinetic Capital’s recent $15 million sale, profits continue to pour in.

However, the dump had little impact on the token’s market cap of over $2 billion, and the growing influence of the cryptocurrency AI sector has put RNDR on the list of tokens likely to become the next cryptocurrency.

2. Ronin (RON)

Crypto GameFi enthusiasts have paid little attention to the Ronin network until recently. An EVM that scales to host millions of users every day. At the time of this writing, the platform had processed billions of dollars in NEFT transactions and its potential was gaining traction in the industry. The redevelopment plan took the project to a new level.

Ronin price chart

The platform’s cryptocurrency, RON, has increased in value by more than 600% in the past 90 days. While the token is currently in a downward trend, there are signs that a bounce is possible in the future.

The RON chart shows several uptrends, which indicates that investors can still take advantage of a potential upward trend. The current downtrend could be an opportunity to buy the dip as the RSI value has recently moved from overbought to neutral within 24 hours.

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— Ronin (@Ronin_Network) February 21, 2024

Moreover, the short-term and long-term moving averages are significantly below the current market value, indicating bullish momentum. RON is one of the next-generation cryptocurrencies that will undoubtedly explode given its resistance to bearish pressure.

Nonetheless, RON holders, especially recent investors, should brace for a sideways trend as the price approaches important resistance at $3.58. Exceeding the range could push the token into a new ATH, which is more likely as the overall cryptocurrency outlook remains favorable.

2. Chiliz (CHZ)

As cryptocurrency use cases increase, assets like projects like Chiliz will enjoy a windfall. This is happening as the bull market takes effect. More and more sports fans are passionate about cryptocurrency and are using CHZ tokens to express their interest. Since the overall cryptocurrency rally began in October of last year, CHZ has recorded a price increase of more than 150%.

Chiliz price chart

In the last 24 hours, the token has gained over 10%, putting it at the top of today’s bullish list, but then reversed. CHZ is gradually approaching the resistance level of $0.12 – $0.15. Breaking above this range could see the token rise to $0.3 and above.

We are really excited about this announcement in Korea, one of the largest cryptocurrency and blockchain markets. For the first time, we will see sports leagues become blockchain validators and build chain-based products. https://t.co/t06IsnoX4n pic.twitter.com/kNciCJPvNM
— Alexandre Dreyfus 🇹🇷 (@alex_dreyfus) February 19, 2024

In general, there is a good chance that CHZ will beat this price range considering the partnerships it has recently built on its platform in the sports industry. The partnership with Kleague marks an important milestone for the platform as it will strengthen trust in holders. It will also expand visibility across countries that play a significant role in the cryptocurrency market.

Ultimately, investors should watch Chiliz’s trends as the token continues to strengthen its potential to become the next cryptocurrency to explode.

3. Artificial intelligence Scotty

The growing AI trend allows traders who missed out on past cryptocurrency cycles to profit and reap rewards. Thankfully, many pre-sale projects are underway, paving the way for amazing rewards, especially when the tokens are listed on exchanges.

Scotty the AI is an example of a cryptocurrency opportunity that is on its way to becoming a cryptocurrency that will soon explode. This project combines the memecoin narrative with the AI narrative. From the trend comes the guardian of the cryptocurrency industry. More information about project basics and token economics is available on the website.

🔥Dictionary Update!🔥
ScottyTheAi raised $500,000 in the early stages of pre-sale.
Congratulations early everyone #ScottyDogs On sale.
Buy Now: https://t.co/zRmy4g8hfW #Cryptocurrency #Ethereum #Binance $Scotty pic.twitter.com/uScsbKkd3t
— Scotty The Ai (@ScottyThe_Ai) February 20, 2024

At press time, the token was worth $0.00555, and the project had raised about $500,000 through presales. Investors can top up SCOTTY before it is listed on the exchange. The market is not yet able to see previous year PEPE trends. SCOTTY may be leading this quarter.

Visit Scotty AI Presale

4. Fetch.ai Price (FET)

Like all major cryptocurrencies in the AI sector, FET has been showing impressive performance over the past few weeks. As of press time, FET price is up more than 5% and trading volume is up 10%. The sudden turn of events for the token dashed the expectations of many bears as short positions were liquidated.

Today, FET prices briefly crossed the $1 mark before falling a few percent. According to technical analysis data, FET recently experienced a golden cross as its moving average changed its trend. The market movement likely triggered the notable gains recorded in the price. However, the RSI reading shows that a downtrend is likely due to overbought signals.

Fetch.ai price chart

So, as inflows and interest in the cryptocurrency AI sector continue to grow, falling prices could be an opportunity to buy in preparation for what’s next. The asset is currently at the $0.9 support zone and could be broken due to bearish pressure. However, a bounce in the $0.85 range is likely to return to the uptrend.

Big news! 🚀
In recent promotions @Binance included $FET In the campaign for users from February 19th to March 3rd 🗓️
For more information, check out the tweet below 👇 https://t.co/6AgpnsF2jJ
— Fetch.ai (@Fetch_ai) February 21, 2024

Additionally, the ongoing Binance campaign to secure AI tokens is likely to lead to an upward trend for the category.