Next cryptocurrencies set to explode on Sunday, April 14th – Ondo, Maker, Quant

adminApril 15, 2024

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Yesterday, Bitcoin fell 10%, sending a wave of price declines across the cryptocurrency market. The Fear/Greed Index has fallen by more than 14 points, reaching 61 at the time of writing. Although the decline was expected, some traders were unaware of its serious impact. According to market trends, nearly $1 billion was lost due to price reversals on open positions.

Nonetheless, what is it about? Next Cryptocurrency to Explode? The quest to identify the next cryptocurrency to explode remains a priority for investors, even as price declines become more difficult. The list below highlights some cryptocurrencies with enormous potential.

Next Cryptocurrency to Explode

Moreover, investors are turning to pre-sale offers to identify promising cryptocurrency projects. The article also covers the pre-sale offering of 5SCAPE tokens, which raised over $3.6 million within a few weeks. The project is making remarkable progress through presale, and key points for investors to pay attention to are:

1. Temperature (ONDO)

Temperature is currently on the watchlist of many investors due to its resilient performance against the overall bearish trend in the cryptocurrency market. Since its initial launch, ONDO has delivered over 400% ROI to investors. Likewise, in the last 24 hours, the asset has recorded returns of over 4%, making it one of the top cryptocurrency gainers.

ONDO is generally known to be highly valued in the RWA sector. It capitalized on the popularity of the sector, hitting a high of $1 at the peak of the RWA narrative in the first quarter of this year. As prices of major assets fall, investors are betting on a shift toward tokenization. Since ONDO is a major cryptocurrency platform, investors can expect an explosive upward trend in the future.

ONDO price chart

At the time of writing, ONDO’s RSI chart shows a neutral trend with a value of 55. This means that the asset is neither oversold nor oversold. Therefore, the current bullish sentiment may have a counterproductive effect on the overall cryptocurrency outlook. Also, on the daily chart, ONDO’s short-term and long-term moving averages are trending lower than the current price. This means there is potential for additional profits.

📣 @cex_io listed $ONDO! 📣 https://t.co/dDGHYz1LMW
— Ondo Foundation (@OndoFoundation) April 13, 2024

On the other hand, ONDO’s push to list more exchanges may have triggered the current surge in projects and could sustain this trend for several days. Nonetheless, it is best to take a relatively short-term perspective when considering tokens, as uncertainty in the cryptocurrency market may affect future performance.

2. Maker (MKR)

Will investors ever see $4000 MKR again? MKR had an impressive rise from $1500 at the start of the bull run to reaching $4000 this quarter. However, the price decline in the cryptocurrency market led to a drop of more than 30%, bringing the price below $3000. Many investors are wondering if this decline could be an opportunity to buy MKR ahead of another rally.

Maker DAO token MKR still has several factors that suggest it may have the potential to return to the upside. However, market pessimism pushed the token into a sideways trend. Technical analysis of the MKR chart suggests that the Bulls could regain the upper hand before the end of the quarter.

MKR price chart

Currently, the RSI value of the token is trending closer to oversold values. The RSI reading is 42. The bearish hold on asset trends is likely to weaken as markets recover. Likewise, the long-term moving average value remains below the price, giving more room for an upward trend. On the other hand, EMA10 and EMA20 are currently trading above the MKR price, indicating that the downtrend may continue.

Interestingly, MKR has recovered over 10% since its massive price crash, indicating potential for further upside. Additionally, MKR trading volume has increased by over 104%, which could put additional pressure on the asset’s price.

Above all, MKR is one of the highest-grossing cryptocurrencies in this bull market and has plenty of room to print more margin. Nevertheless, the future performance of the token will depend on the general outlook of the cryptocurrency market.

3. 5SCAPE

5th scenery We’ve just entered Phase 5 of pre-sale, and investors who participate early are already on track to achieve ROI on their capital. As of this writing, 5SCAPE is on pre-sale at .

$0.00215. Investors who participate early can benefit from a listing price of $0.01. At current prices, early investors could gain more than 365%.

“Today’s News”
🚀5th Scape (5SCAPE) ICO raises over $3.6 million, sparking speculation about its revolutionary impact on gaming. With AAA VR experiences, cutting-edge hardware, and a multi-utility token model, 5th Sscape aims to revolutionize gaming.
Early entrant benefits… pic.twitter.com/CxETyNlXbO
— 5th Scape (@5th_scape) April 3, 2024

The project aims to revolutionize virtual reality technology. The project team is working to make it the largest VR network globally. Although the project is still in development, it is already gaining traction, with the social media platform now boasting thousands of enthusiastic investors and followers.

5th Scape is also expanding its range of services beyond entertainment and gaming experiences. Investors who join the vision are also participating in what could be the VR hardware revolution of the future.

that much 5th scenery The project has also set itself the task of ensuring decentralization of VR hardware creation. The intention is to take control of VR adware production and distribution away from large corporations and give it to the public. Investors can find complete information about the project and its potential in the white paper and pre-sale website.

Check out the 5th Scape Presale

4. Quant (QNT)

QNT has maintained a seemingly sideways trend for several weeks, with its price fluctuating between $100 and $140. However, the recent reversal in the cryptocurrency market has caused the QNT price to fall below the low range towards the $88 price. Surprisingly, the token quickly recovered and its price rose to the $100 level. QNT’s impressive performance over the past 24 hours suggests that the token is one asset to watch in a bear market.

Teninclay’s QNT chart analysis suggests the potential for more upward trends to come. Currently, the RSI reading for the token is 32, which indicates that the token is largely oversold. However, the moving average is mainly bearish as it is above the current price. Therefore, investors may not see the price of QNT rise above $116 in the future.

QNT price chart

Nonetheless, a drop in QNT could cause the token to accumulate towards an upward trend. The token broke the $100 – $104 resistance and is currently heading towards the $90 – $94 bottom.

We recently announced the launch of new Overledger pricing plans and features designed for enterprise IT users and developers.
Learn more and sign up for a free plan today: https://t.co/qZj22kPDfE #blockchain #EnterpriseTech
— Quant (@Quant_Network) April 3, 2024

More importantly, QNT still has a CBDC initiative in the pipeline, which will likely impact the token’s future. Quant also announced new Overledger pricing plans and features. As more use cases for the platform surface, investors can expect a notable surge in the token price.