Next cryptocurrencies set to explode on Wednesday March 6 – Fetch.ai, Ethereum, Aptos

adminMarch 7, 2024

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With the mood worsening yesterday, it is not business as usual for the cryptocurrency market. A brief explosive rally that pushed the price of BTC to an all-time high of $69,000 was followed by a significant decline. The incident resulted in a significant drop in cryptocurrency prices and the liquidation of over 750 million units overall.

The impact of the price decline reverberated across the board as BTC and altcoin holders appeared to have succumbed to temporary FUD. The outcome of the situation is unclear as the market has not yet decided on a specific direction.

Next Cryptocurrency to Explode

The market is a time when investors and traders take positions to increase profits or take advantage of new trends. Experts believe that investors are more likely to find the next explosive cryptocurrency among upcoming cryptocurrency projects. With this in mind, investors should explore the potential of Bitcoin Minitrix. The project team and its community have invested millions of dollars to deliver an incredible pre-sale service. Updates on the project and outlook are shared below.

1. Ethereum (ETH)

Ethereum’s trends have been eventful during this bull market, but its current price barely reflects its actual value. With many catalysts still remaining, traders and investors should expect ETH price to surge in the coming weeks as the platform gets closer to the Dencum upgrade and ETH ETF announcement.

After a significant decline yesterday, ETH price is trending upward again, rising by more than 12%. Trading volume also increased by more than 57%. Despite the activity of the Bears, it is impossible to curb the continued ETH upward trend as they look to build new ATH.

ETH price chart

Will ETH be the next cryptocurrency to explode? It is difficult to argue that ETH is on its way to establishing dominance in the cryptocurrency market based on current market trends. As of this writing, the price of ETH is only 21% different from ATH. The debut of the Dencun upgrade could act as a catalyst to push the asset price above its current ATH.

Latest week in Ethereum news https://t.co/1Jtp6EWZix
— Ethereum News Weekly (@WeekInEthNews) March 2, 2024

As the trend unfolds, the bulls are keeping an eye on the $3900 level, which is very important. A price breakout could give the bulls enough momentum to push the price higher. However, the falling point may cause FUD as Bitcoin price faced a sharp decline after reaching ATH. To prevent shock from price fluctuations, it is best to take appropriate measures prior to price action.

2. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix plays an important role in the current market trends and the future of the bull market. The strength of this project comes from its focus on decentralized Bitcoin mining technology. Considering the energy-intensive mining methods that dominate the industry, new approaches like the one proposed by Bitcoin Minetrix are long overdue.

30 steps #Bitcoin Metrics It’s live! 🚀
➡️There are now 10 stages left! pic.twitter.com/R9xQWBsssA
— Bitcoin Minetrix (@bitcoinminetrix) March 6, 2024

With this project, investors only need to hold the project’s token, BTCMTX, to mine Bitcoin. Anyone can become a miner by paying just $10. This plan stands in stark contrast to the current structure, which requires huge amounts of capital for everyone involved in the trip.

Additionally, this approach to mining also requires less energy. Utilizing cloud computing services democratizes the mining process. Anyone in the world can get on board and become a winner, simply by owning BTCMTX tokens. Ultimately, once a project is launched, the team and community will have accumulated enough resources to fight against the dominance of the existing system.

The project is currently offering its token, BTCMTX, for pre-sale, with only 10 steps left until the pre-sale ends. Now is the best time for anyone considering joining the mission and participating in the next iteration of cryptocurrency mining.

Visit Bitcoin Minetrix Presale

3. Fetch.ai (FET)

Recently, FETs have repeatedly surpassed ATH values while setting new values. At press time, the price of FET was $2.1, 62% higher than the price recorded about 7 days ago. Interestingly, the gains aren’t over yet.

Data from Market Data suggests that FETs may maintain their current performance as several oscillators remain strong. The token’s moving average also shows that the price may continue its upward trend in the coming weeks.

FET price chart

Is FET the next cryptocurrency to explode? Considering the current price action and market data, FET still has ample room for an upward trend. Investor interest in the token is growing, and social mentions have also increased significantly.

However, current prices imply that FET could soon reverse, so investors should trade cautiously. RSI’s readings show that the token is overvalued at its current price and could fall quickly. Nonetheless, the overall performance of the cryptocurrency AI sector could provide an avenue for FET tokens to hedge against price declines.

4. Apartment (APT)

Aptos has emerged as one of the best-performing cryptocurrencies on the market recently due to its consistently impressive performance. APT has been on an upward trend for several weeks, adding over 300% to the asset price.

The current data on the chart shows that the APT rise is not over yet. In the last 24 hours, APT has recorded a price increase of approximately 5%, with trading volume increasing by over 130%. The increasing pressure recorded by the token is likely to lead to a sustained price rise in the coming days.

APT price chart

In addition to the potential for more positive price action in a bull market, APT is also on track to capitalize on emerging trends. We are partnering on future projects in IONET, our Artificial Intelligence and DePIN division.

A post on its official Twitter handle highlights its recent support for a decentralized GPU network, a fusion of DePIN and AI. These projects will drive the value of APT long after the bull market has died down.

We are pleased to work together @ionet_official To address AI compute shortages – unlock GPU resources at a much lower cost. @Aptos.
Get ready to easily build and scale AI models on the “Internet of GPUs.” https://t.co/QPqvZODZl7
— Aptos Labs (@AptosLabs) March 5, 2024

As of this writing, APT remains one of the best cryptocurrencies to watch. Important indicators indicate bullish momentum and market sentiment remains bullish on APT. Both the short-term and long-term moving averages remain bullish and the current price is trading above the moving average values.

On the other hand, with only about 37% of the total supply currently in circulation, it is important to watch out for any downside that may result from introducing new tokens to the market.