Next cryptocurrency explosion Saturday, February 10 – Mina, SPACE ID, Injective

adminFebruary 11, 2024

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However, the purpose of this article is to explore tokens with high potential to generate significant returns and examine the factors driving the rise of certain cryptocurrencies that will make significant progress.

Next Cryptocurrency to Explode

The price of Mina remains stable, hovering around the 20-day exponential moving average. Buyers showed support for a second day in a row, helping to reverse losses from earlier in the week. Meanwhile, INJ is trading at $35.25, up from the previous closing price, with a relative strength index (RSI) of 52.17.

eTukTuk also recently highlighted the use of electric vehicles and blockchain technology to enhance transportation in developing countries. The price of ID has stabilized at $0.49, indicating that investors are starting to profit from their investment.

1. mine (mine)

MINA is a blockchain technology that addresses the problem of each transaction becoming too large. But it uses a cool feature called zk-SNARKs, which are like secret codes that allow you to verify information without giving it the actual information.

Mina price remained ranged near the 20-day exponential moving average, finding support from buyers for the second day in a row and erasing weekly losses over the past two sessions. Currently, the MINA cryptocurrency is at $1,198, recording a sharp intraday rise of 1.62%, and has a market capitalization of $1.259 billion. The ratio of trading volume to market capitalization is also low at 4.04%.

MINA price chart

The latest updates on Testworld Mission 2.0 and the progress of Mina’s mainnet upgrade have been shared via Mina Protocol. O1 Labs has announced the first Berkeley release candidate, RC1. This release combines all the fixes and findings from the previous Testworld 2.0 ramp-up release.

Check out the latest news on Testworld Mission 2.0 and the progress of Mina’s major mainnet upgrade! 👇@o1_labs Announced RC1, the first Berkeley release candidate 🥳
This release merges all fixes and results from the previous Testworld 2.0 ramp-up release.…
— Mina Protocol 🪶 (@MinaProtocol) February 9, 2024

Additionally, the Mina cryptocurrency has been trading positively since last week, rebounding from the 50-day EMA and gaining further upward momentum, recording a growth of over 13.24% last week. Despite attempts by bears to drive the price lower in recent sessions, the cryptocurrency has bounced back and is now close to last week’s close, positioning itself as the next cryptocurrency to explode.

2. Space ID (ID)

SPACE ID (ID), a universal name service network known as a comprehensive identity platform that enables discovery, registration, trading and management of Web3 domains, has witnessed a notable rise in the cryptocurrency market.

ID price chart

However, adding .sol domain compatibility and integrating the Web3 domain SDK with SPACE ID represents a significant step forward in the way individuals engage with decentralized applications (dApps) and services. These advances are not just technical improvements. This is a user-focused enhancement designed to streamline the user experience within the Web3 environment. Additionally, integration of .sol domain compatibility and seamless integration of Web3 domain SDKs are expected to significantly enhance the expansion and adoption of distributed technologies. SPACE ID simplifies user interaction with the Web3 ecosystem, reducing barriers to entry and clarifying the complexities typically associated with decentralized platforms and applications.

Nonetheless, Ivy Maker is pleased to announce a partnership with Space ID Protocol for domain services. This collaboration opens up new opportunities and strengthens the security of your online presence with Ivy Maker and Space ID.

📢Ivy Maker is pleased to announce integration with: @SpaceIDProtocol For domain solutions!
✨ Open new possibilities and secure your digital presence. #ivymaker And just select SPACEID. @SID_bnb
🌐https://t.co/kGk1IglBYc pic.twitter.com/dO5SHTCqDv
— Ivy Maker (@IvyMakerEN) February 9, 2024

Additionally, in a surprising twist, SPACE ID (ID) price surged from an initial trading price of $0.25 on the same day to $0.55 in February. Moreover, according to CoinMarketCap, surge volume has increased by 100% in the last 24 hours.

However, the current price of ID has stabilized at $0.49, suggesting that investors are starting to see a return on their investment. Additionally, trading volume soared by 3,090%, showing that interest in cryptocurrency has increased significantly.

3. Injection (INJ)

Injective is a pioneering decentralized exchange that competes with several major DeFi projects such as Uniswap.INJ. INJ is trading at $35.25, up from its previous close. INJ’s Relative Strength Index (RSI) is currently at 52.17. Nonetheless, INJ’s 200-period exponential moving average (EMA) suggests a long-term upward trend for the cryptocurrency. Additionally, the 100 EMA indicates a moderate upward trend in the medium term, while the 50 EMA confirms the token’s recent near-term upward trend. This moving average trend overall confirms the positive momentum INJ has been experiencing recently.

INJ price chart

However, with upward trends observed across important indicators and time periods, traders may want to consider examining INJ to see if the recent rally continues. However, a balanced RSI position suggests potential price consolidation rather than significant upward or downward movement in the near future. Analysts also recommend that traders pay close attention to INJ’s price movements in the future. But overall, analysts express confidence in the token’s bullish momentum and will continue to work on it if it can successfully overcome the immediate hurdles.

INJ also shared on social media platforms that Hydro, a decentralized finance (DeFi) protocol known as LSD Fi, has achieved a total value locked (TVL) of $100 million on the Injective platform.

Hydro, Injective’s LSD Fi protocol, reaches $100 million in TVL 🔥
Congratulations to the entire Hydro team and community! https://t.co/fsPe8p67Fg
— Injective 🥷 (@Injective_) February 10, 2024

In the past week, Injective (INJ) has risen over 3.0% to its current value of $34.37. The all time high price for Injective (INJ) is $45.01. Last week, the coin’s trading volume surged 45.0%, while the total circulating volume of the coin decreased slightly by 0.1%.

4. eTUK TUK (TUK)

Ituktuk It is being highlighted as a groundbreaking project in the electric vehicle (EV) sector that aims to solve the unique challenges faced by people in developing countries. Unlike many other EV projects, eTukTuk focuses on real solutions, especially with the eTukTuk EV designed to increase driver income opportunities while reducing environmental impact. The collaboration of the Government of Sri Lanka with this project demonstrates its commitment to the goal of establishing over 200 charging stations and transforming electric vehicle operations.

Meanwhile, the ongoing TUK token pre-sale (price: $0.026) has been a surprising success, raising over $875,707. Investors are attracted by the attractive annual percentage yield (APY) of 249% for stakers and the project’s mission to permanently reduce carbon emissions. Interested individuals can take advantage of the significant growth potential by participating in the pre-sale prior to the official exchange launch.

Additionally, eTukTuk has recently focused on improving transportation in developing countries through electric vehicles and blockchain technology. The plan addresses environmental issues, positively impacts underserved communities, and addresses financial inequality. eTukTuk is more than just an idea. This actively contributes to creating a greener and more sustainable future for urban transport.

“Breakout crypto eTukTuk is working to improve urban transportation in developing countries through electric vehicles and blockchain technology.” – @cryptonews
Learn more here: https://t.co/7hr62WePzm
— eTukTuk (@eTukTukio) February 8, 2024

eTukTuk’s goal goes beyond simply environmental issues to actively bring positive change to underserved communities facing financial inequality. eTukTuk’s significant achievements and collaborations have established it as a force of change promoting sustainable urban transport.

Visit eTUK TUK Presale.

Recently in the cryptocurrency industry, Coinbase, the largest U.S. cryptocurrency exchange, planned to lobby Congress for comprehensive digital asset legislation this year. The company also plans to make campaign donations to politicians in Washington, D.C. who support cryptocurrency in preparation for the 2024 elections.