Next cryptocurrencies set to explode on Sunday May 5th — Akash Network, Algorand, Avalanche, Helium

adminMay 6, 2024

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To earn good returns in a strong market, you need to monitor the best cryptocurrencies and prepare for the growth of altcoins. However, finding the next popular cryptocurrency can be difficult, as many investors focus on assets that are already popular.

In this article, we take a look at the performance of the cryptocurrencies that dominated the bullish list over the past 24 hours. The goal is to identify: Next Cryptocurrency to Explode Inform investors and traders about each token. Additionally, this post includes an overview of market trends in cryptocurrency assets that have the potential for significant gains in the future.

Next Cryptocurrency to Explode

Today’s analysis details the performance of cryptocurrencies that investors should add to their watchlist. Also included is a special mention of Sealana, the Solana meme coin that introduced a “Send to Wallet” feature alongside the traditional “Buy Now” widget to accommodate different investor preferences. Details about the pre-sale and performance of the current top performing cryptocurrencies are shared below.

1. Akash Network (AKT)

Akash Network is reshaping cloud computing and putting it in the spotlight. UpBit recently added Big Time and Akash Network to its trading list. This move caused AKT’s price to rise by 64%.

There have been some important updates about Akash Network recently. AKT began trading on Coinbase on March 18th. Also last week, Akash introduced Llama 3 70B, described as a powerful AI model, to its network.

Akash Network Price Chart

As a result, Akash Network has seen a positive response, with the stock currently trading at $4.85, up 12.12% in the last 24 hours. The price of the token has surged, setting the historically resistance point of $4.8 as a solid support level. This surge coincided with Upbit’s listing of AKT, sparking trading activity and investor interest.

However, the price of AKT suddenly rose from $3,0082 to $4.4. This sharp increase led to a price correction, stabilizing AKT at around $4.09. Some analysts expect further adjustments to previous levels.

Akash provides permissionless access to a wide range of computing resources at very competitive prices.
As general awareness of Akash grows, there are many new dynamics that uniquely position the network to bring computing resources to market and serve users… https://t.co/1dL9SrUDqU
— Akash Network (@akashnet_) April 30, 2024

Traders are now analyzing technical indicators. For example, the Relative Strength Index (RSI) hit 97.77, indicating overbought conditions, before falling to 72.95. Despite the decline in RSI, which indicates profit taking, the wide Bollinger Bands suggest a bullish trend. Traders could consider buying AKT during the decline to potentially push the price back up or keep it above $4.

2. Sirana (SEAL)

The latest sensation in meme coins is: SEAL. Presale began on May 1st at Solana. This new coin brings a unique twist to the world of meme coins, which is filled with tokens featuring dogs, cats, frogs, and sloths.

What sets Sealana apart is the interesting story behind the seal of the deal. This humorous and relatable theme was critical to a successful launch. Sealana launched presales and raised more than $100,000 in just a few hours. This early start suggests that due to high traffic, the presale may end sooner than expected.

Sealana’s strength lies in its unique and relatable stories. It combines popular trends, such as integration with Solana and sending coins directly to your wallet, while maintaining a unique and fun theme.

Additionally, Solana Meme Coin introduces a “Send to Wallet” feature alongside the traditional “Buy Now” widget to accommodate different investor preferences. Sealana ($SEAL) debuts around the anniversary of the Pepe Coin surge, which may not be just a coincidence. We believe that Sealana has the potential to become the next meme coin to replicate the success achieved by Pepe Coin in 2023 and generate significant returns for investors.

A major error occurred on the scheduled release date of the Slerf token and 10 million SLERF coins were accidentally burned. Despite these setbacks, the coin achieved considerable success.

However, there are rumors that the production team is planning to re-release the game without repeating their mistakes. This means: New Zealand It could match or even surpass the highs reached by the Slerf token and become one of the cryptocurrencies to explode in the future.

Visit Sealana Presale

3. Algorand (ALGO)

Algorand uses a special consensus method called pure proof-of-stake (PPoS). Unlike other blockchains, staking in Algorand is simple. When adding a new block, users are rewarded based on their stake. Therefore, anyone holding ALGO can confirm transactions and help make the network secure. Additionally, this reduces the likelihood of a hard fork.

Like Bitcoin, ALGO can be used for peer-to-peer transactions, but it is faster. Transactions are completed within seconds after being added to the block.

Algorand price chart

Algorand stands out because of its adaptability. In addition to regular transactions, individuals can create unique assets on the Algorand blockchain. This feature allows you to tokenize tangible assets or create tokenized securities through Algorand Standard Assets (ASA), expanding the usefulness of Algorand beyond its native digital currency.

Algorand Q1 2024 @MessariCrypto Your report has just been deleted!
highlight:
🟢 403 million transactions were processed in the first quarter, a 288% QoQ increase.
🟢 Revenue increased 1,747% QoQ.
🟢 DeFi TVL rose 9% mainly due to the following factors: @AlgoRai_finance & @tinymanorg
Read the full report 👇…
— Algoland Foundation 🐍 (@AlgoFoundation) May 3, 2024

Algorand (ALGO) has recently stabilized after a significant decline. But whether this stability means a good investment opportunity is a topic of debate even among experts.

4. Avalanche (AVAX)

Recently, Avalanche has been attracting attention due to its expanding ecosystem. Unlike Ethereum, it focuses on speed, scalability, and security. What makes Avalanche unique is its three blockchain systems, each with its own role. This design allows Avalanche to process approximately 4,500 transactions per second and process transactions in less than 2 seconds.

The current price of Avalanche’s altcoin is $36.77, which is lower than its highest price of $144.96, suggesting growth potential.

avalanche price chart

Investor confidence in Avalanche (AVAX) has been rising recently, especially in the short term. The price has moved above its long-term average, indicating increased trading activity. The significant increase in token value over the past six months highlights the positive outlook among traders.

Despite the recent decline in activity, the Avalanche network’s core strengths, such as fast transactions and low fees, continue to fuel optimism and could attract more interest in AVAX.

Stripe’s fiat-to-crypto onramp is a customizable widget that can be embedded into a variety of dApps such as DEXs, NFT platforms, and wallets. @coreapp 🤝@stripe’s integration provides a direct way to fund your wallet quickly and easily. $AVAX To get started with Avalanche! pic.twitter.com/h7A7Q1B44s
— Avalanche 🔺 (@avax) May 3, 2024

In a recent update, Avalanche partnered with Stripe, a major player in the financial technology space, to make blockchain easier to use. This collaboration will allow AVAX users to purchase and deposit tokens through various channels on the Avalanche network. This partnership includes CORE, an Avalanche-powered wallet that allows users to add money to their wallet using debit or credit cards and ACH.

Additionally, Stripe added an onramp widget for converting fiat to cryptocurrency on the Avalanche (AVAX) dApp. This means that US customers can easily use NFT platforms, decentralized exchanges, and other Web3 wallets. Additionally, this integration will allow Stripe users to purchase AVAX tokens directly without having to exchange them for trading.

5. Helium (HNT)

Despite a slight decline a few days ago, Helium’s market capitalization has remained steady at $859,629,600, showing strong investor confidence. With 160,875,442 HNT in circulation, Helium’s recent performance indicates renewed interest in technology and networks.

The Helium ecosystem boasts over 180,000 active wallets. This wallet participates in Helium-related operations and connects to decentralized applications (dApps) on the Solana blockchain. This shows that helium serves a purpose beyond its basic purpose.

helium price chart

Helium’s success signals growing interest in blockchain solutions for IoT. The growth of network and liquidity measures sets it apart as a major player in the cryptocurrency sector. This demonstrates the practical application of blockchain technology.

📱Introducing the Helium Mobile Group Plan! Now, up to eight friends or family members can enjoy unlimited data, calling, and texting for just $20 per month. 📞💬 No data sharing, no contracts, just savings. Perfect for groups of friends!
💡Update your Helium mobile app as follows: pic.twitter.com/geH2vJqarO
— Helium Mobile (@helium_mobile) May 2, 2024

Just yesterday, Helium (HNT) saw a significant price increase of 29.68%, taking second place among the top gainers of the week. Currently trading at $5.34, Helium has seen a surge in trading volume, reaching $16,830,658 in just 24 hours.

Bulls are trying to break above the $6 resistance level but remain optimistic. As of this writing, HNT is trading at $5.6, up 33% from the previous day. With the 20-day EMA rising to $5.4 and the RSI positive, targets are set at $6.4 and $11.2, suggesting growth potential. If the uptrend gains momentum, HNT will likely be one of the next cryptocurrencies to explode.