The next cryptocurrencies will explode on Wednesday April 3 – Ethena, Flare, Brett

adminApril 4, 2024

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With cryptocurrency prices falling slightly, skepticism has returned to the cryptocurrency market. This trend has led many cryptocurrency investors to speculate about the return of cryptocurrency winter. However, the extreme right wing of the market believes that the temporary decline in asset prices is Next Cryptocurrency to Explode.

As bulls fight for control of the market, it is best to take an objective look at market trends to identify the next cryptocurrency to explode. When the market returns to an upward trend, most cryptocurrencies trade at prices well above their ATH value.

Next Cryptocurrency to Explode

Those who participated early when Bitcoin was at its lowest now hold BTC worth several times the value of their initial investment. However, the opportunities to own Bitcoin are far from over as one team recently proposed a democratized Bitcoin mining initiative called Bitcoin Minetrix. The project is designed to allow investors to mine Bitcoin using the platform’s native cryptocurrency. More information about Bitcoin Minetrix is included in the article.

1. Athena (ENA)

Ethena is one of the latest cryptocurrencies to be listed on the Binance exchange. After being listed on the platform, Ethena’s price entered a parabolic trend, appearing on most top gainers lists this week. In the last 24 hours, the project’s native cryptocurrency, ENA, has increased by more than 75% and trading volume has increased by about 75%.

ENA price chart

Ethana attracted the attention of investors by participating in a project that replicates the real money model in the cryptocurrency ecosystem. This is called the synthetic dollar protocol. The idea is to create a banking system that does not rely on existing banking infrastructure. As the true value of the Ethena protocol is revealed, investors will see the value of the underlying asset, ENA, rise significantly.

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ENA, the platform’s governance token, was distributed via airdrop on April 2 following the successful completion of the airdrop program. Tokens were distributed in proportion to the points collected before the 1st of each month. In the meantime, as the value of the token rises, it becomes a great asset to explore short-term opportunities.

However, investors should watch out for two long-term red flags that threaten the sustainability of the project and the short-term value of the cryptocurrency. The first is Project USDe’s reclamation model, which many follow the same approach as Terra’s UST. Second, the over 750 million ENA distributed during the airdrop will likely flood the market with new ATH value. Therefore, ENA may experience repeated cycles of price fluctuations.

2. Flare (FLR)

Flare’s performance over the past 24 hours has been quite remarkable. The token saw a 26% price increase, bringing its market capitalization closer to the $2 billion range. Today’s gain is not FLR’s first gain in recent times, as the token has recorded gains of over 29% over the past seven days.

Flare’s accumulated profits have helped holders who purchased in the middle of last quarter recover their profits. In addition to the price increase of FLR, the token has currently seen an increase in trading volume of over 800%, which is also responsible for the increase in the asset’s value.

FLR price chart

If FLR maintains its current gains, the token is likely to test the ATH range before the end of the first month of this quarter. With this, investors should closely watch the trends of FLR as it is likely to be one of the next cryptocurrencies to explode this season.

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— Flare ☀️ (@FlareNetworks) March 22, 2024

Additionally, Flare is undergoing groundbreaking upgrades that will make the platform competitive in the Oracle and AI spaces. A recent announcement on their Twitter account revealed the launch of FTSov2, which is said to give dApp developers access to over 1000 data feeds.

This plan will significantly increase the demand for Flare services and the use cases for the FLR token. Considering recent upgrades and announcements, the chances of breaking FLR’s ATH value are relatively high. Therefore, investors should carefully monitor this quarter’s trends.

3. BRETT

Brett is one of the newest meme coin projects in the cryptocurrency market. More importantly, since this project is built on Base, it takes advantage of the growing visibility of the Base chain. In the past 24 hours, BRETT’s price has risen more than 87%, reaching a market capitalization of $656 million. This project is comically called Pepe’s Best Friend because of its position in the Base.

Brett recorded his first ATH value of $0.085 late last month. However, looking at current asset trends, it is likely that we will see a new ATH value soon. One factor that could spark the momentum needed to surpass ATH is the current sideways trend in the cryptocurrency market. As investors continue to search for assets to hedge their profits, BRETT and other notable assets could be the next cryptocurrencies to explode.

BRETT price chart

With Brett occupying the position of the second largest memecoin project on Base, investors can expect its scale to give it the edge it needs to reach new valuations. Ultimately, it is best to include the token on your watchlist. The most basic data shows that the token is one of the next generation of cryptocurrencies with clear potential for explosive profits.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix Pre-sales are nearing completion as the project has raised an impressive $12.8 million in funding. As the project approaches its $13.79 million goal, the opportunity to move forward at a discounted price is quickly disappearing. So investors who want to get involved in the next round of Bitcoin mining will have a brief opportunity to do so.

The project is designed to democratize Bitcoin mining, an initiative that will forever change the way the market mines the cryptocurrency. nevertheless, Bitcoin Minetrix Not only does it hinder Bitcoin mining, but it also provides investors with the opportunity to profit through the cryptocurrency BTCMTX token.

🚀 @Bitfarms_io We are preparing #bitcoin Investing $240 million in mining equipment upgrades has been halved! 💰
How do you think this will impact you as hashrate capacity triples and efficiency improves? $BTC Mine scenery?
Another breakthrough… pic.twitter.com/UWDiaEqLfW
— Bitcoin Minetrix (@bitcoinminetrix) April 3, 2024

Ultimately, once the project is launched and its tokens are listed on exchanges, investors will have the opportunity to enjoy double rewards. First, anyone can mine Bitcoin for as little as $10. Second, the rising value of BTCMTX provides investors with the opportunity to gain ROI on their investments. The project pre-sale page provides additional information.

Visit Bitcoin Minetrix Presale