The next cryptocurrencies will explode on Thursday April 11th – Neo, Pendle, ORDI

adminApril 11, 2024

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BTC is currently trading above the $70,000 level. Despite yesterday’s bearish CPI release, bears have had extreme difficulty keeping the price of the giant cryptocurrency below $70,000. Therefore, the price movements in the cryptocurrency market over the past 24 hours suggest that the overall outlook for the cryptocurrency market remains optimistic.

Investors are skeptical about trends following the halving, but many are optimistic: Next Cryptocurrency Most likely it will explode in utility tokens and meme coins. The assumptions are derived from the dominant narrative of the cryptocurrency market.

Next Cryptocurrency to Explode

When it comes to utility tokens, several upcoming cryptocurrency projects have tremendous potential to revolutionize the way people work. For example, there is the eTukTuk project which is disrupting the transport sector. The project’s cryptocurrency, TUK tokens, is currently on pre-sale and today we’ll cover what the project entails.

1. NEO

Neo excelled as one of the top cryptocurrency gainers this week, gaining more than 57% over the past seven days. The NEO trend is unique in that it goes against the overall cryptocurrency market outlook. With inflation rates rising in most countries, investors are generally bearish. The price of Bitcoin has been volatile for several days now and the effects can be seen across the market.

Technical analysis of NEO shows several advantages. RSI values are relatively neutral, suggesting continued bullish momentum. A 200-EMA value of 12 below the current price shows investors can sustain the bullish trend. Likewise, the MACD reading of NEO and several other oscillators featured on the chart show that there is more room to run.

neo price chart

Despite the promising trend, it is unclear whether investors will see NEO surpass ATH value during this bull market. Meanwhile, the platform is gaining enormous popularity. Our continued participation in Web3 Festival 2024 has given our project a platform to gain visibility.

🎙️ Neo Founder @dahongfei went on stage. #Web3Festival2024 In Hong Kong, he gave a speech on the topic ‘Rethink Layer 1’ and shared his predictions for the future. #web3 market.
Check out the thread below for more details. 🧵 pic.twitter.com/WW0VN7nbj2
— Neo Smart Economy (@Neo_Blockchain) April 8, 2024

At the event, the founders also highlighted several ongoing upgrades and innovations that will drive the next phase of the project’s development. Use cases are likely to increase as the project achieves its proposed milestones.

Therefore, NEO is likely to record an increase in demand, especially as the cryptocurrency market heads towards halving. NEO is one of the cryptocurrencies to watch this quarter due to its high potential for explosive price growth.

2. PENDLE

Pendle is one of the best cryptocurrencies with a price increase of over 1000% in the last two quarters. Interestingly, the token is not slowing down as it is up over 45% in the last 7 days and the intraday price is up 18%. Pendle has enjoyed increased investor interest recently. The bullish sentiment towards the token is evident from the over 30% surge in trading volume in the last 24 hours.

Some other key factors that have contributed to Pendle’s price rise include its venture into the emerging liquid stacking sector. Pendle is primarily designed for tokenizing and trading future yields. With the emergence of TradFi in the cryptocurrency industry, Pendle has the opportunity to see demand for its services grow.

pendle price chart

According to a post on the official Twitter handle, the cryptocurrency community is already taking advantage of the feature to create decentralized LSTs for other networks. A further increase in demand for the service means that the value of the token increases.

“Can you set up a yield market for the decentralized AI network LST for me?”
“Sure, Pendle, here’s the LST. @Bitensor_ by @TensorplexLabs, STTAO. stTAO currently offers 14.8% APY by default and users can now secure better returns on your platform. pic.twitter.com/W7HUOGi76Q
— Pendle (@pendle_fi) April 10, 2024

Pendle chart analysis shows that the token could maintain an upward trend for most quarters due to its strong ADI rating. The MACD value is also 0.9652, suggesting further bullish momentum. On the other hand, PENDLE’s RSI reading indicates that there may be a temporary reversal in the future.

However, the short-term moving average is still trending lower than the current price and shows firm support in the 6.3-7.0 range. Therefore, this region is likely to serve as a support area for regression. Overall, investors should pay attention to the PENDLE trend as it has the potential to be the next cryptocurrency to explode.

3. ORDI

ORDI stayed between $75 and $50 for almost 90 days, with an average price change of 30%. However, the trend may change as the token attempts a range breakout in an upward direction.

In the last 24 hours, ORDI price has risen more than 6% and trading volume has surged 75%. As interest in Bitcoin Original grew, the token came into the spotlight. If BTC breaks out of the consolidation range, ORDI also receives a free price surge.

ORDI price chart

Market data suggests investors can expect further increases in asset prices. ORDI is expected to post higher valuations, as evidenced by the asset’s Relative Strength Index. Currently, ORDI’s RSI reading returns a value of 56, which shows that the token has room for further strength. Likewise, a MACD value of 10 on the daily time frame shows that the bulls are still in control of the trend.

Moreover, if we zoom in on the daily and hourly charts, we can see that ORDI will push the upper range towards the $80-$90 level before the end of the quarter. As of this writing, the token is valued at $75, approximately $21 of ATH.ORDI. The current momentum provides the impetus to break above that price level in the coming weeks. As a result, there may be some strength needed to break into the upper range before the end of the quarter.

4. Ituk Tuk (TUK)

that much Ituktuk Every day, presales bring us closer to our proposed vision. At the time of this writing, the project has invested over $2.90. So the prospect of a successful launch is becoming inevitable. The funding target for this phase is set at $3.2 million. We’re on track to hit that benchmark before the end of the week.

Additionally, investors looking to participate in the eTukTuk pre-sale currently only have 9 days left to obtain TUK tokens at a discounted price. Currently, investors are only charged $0.03 for TUK tokens. But pre-sales are inflationary. Next week it will increase by a few percent, meaning late investors will pay a much higher price than early investors.

Get ready for an exciting adventure! 🚗⚡️
The new mobile game ‘Crazy TukTuk Taxi’ is coming soon to Play Store and App Store.
Look forward to the best tuk-tuk experience! pic.twitter.com/k7tWgpHCXu
— eTukTuk (@eTukTukio) April 10, 2024

Meanwhile, the eTukTuk team is refreshing its project roadmap with the following announcement: Tuk-tuk Taxi game. The announcement was recently made via the project’s official Twitter, hinting that the game will soon be released on the App Store and Play Store. A release date has not yet been announced. Nonetheless, this game is likely to have a positive impact on the future of TUK tokens.

Visit eTukTuk Presale