These 5 Cryptocurrencies Are Poised to Explode: From Meme Coins to DeFi Tokens

Many altcoins are trying to make a comeback as they record significant gains. Meanwhile, Bitcoin (BTC) has still not gone above $60,000 and is still hoping to find support for its next big move.

Many altcoins are trying to make a comeback as they record significant gains. Meanwhile, Bitcoin (BTC) has still not gone above $60,000 and is still hoping to find support for its next big move. Investors need to stay alert during this consolidation phase as it could be a chance to catch a ride on a rising trend.

Prices of these various assets are climbing, even before the market takes off entirely. That is why today’s article is dedicated to identifying the next cryptocurrencies to explode and inform investors and traders about each token.

Next Cryptocurrency To Explode

Smart investors are moving to capitalize on the boom in the altcoin market and taking positions in upcoming tokens like the Shiba Shootout. The project features a unique Wild West design, combining this popular period from American history with the crypto frontier. This post covers the details of its presale.

1. Rollbit Coin (RLB)

Rollbit Coin has struggled with its price performance in 2024, largely due to the rise of meme coins. However, experts are optimistic about RLB as the altcoin bull run approaches. Analysts predict that Rollbit Coin could reach a market cap of $1 billion during this cycle, representing a 5x growth from its current valuation of $242 million.

Rollbit is a well-known crypto casino and sports betting platform that was launched in 2019. It offers various features, including gaming, sports betting, futures trading, and NFTs. Rollbit simplifies cryptocurrency trading and gaming, supporting multiple cryptocurrencies without requiring KYC. The RLB token gives users discounts and rewards when they buy the coin. Over the past 24 hours, RLB’s price jumped by 12.85%, and it has risen 39.88% over the past week.

Additionally, trading volume for the token surged by 269.44% in the last 24 hours, indicating growing investor interest. Price predictions suggest RLB could hit a minimum of $0.1331, with a potential high of $0.1553 and an average price of around $0.1385. Despite the current bearish market sentiment, the Fear & Greed Index sits at 47 (Greed), signaling the possibility of sideways trading.

2. Cosmos (ATOM)

Cosmos (ATOM) has shown promising signs of a breakout, trading at $0.3333 as of 08:18 p.m. EST with a 12.85% price increase in the last 24 hours. Trading volume also surged by 111%, reaching $125 million.

The ATOM/USDT pair has been moving within a descending channel on the daily chart for several weeks, typically indicating a downtrend. However, this pattern also sets up a potential breakout if key resistance levels are surpassed.

The support zone around $0.29 has held strong and could prevent further decline. The price is nearing a potential bullish signal as the 50-day and 200-day moving averages converge. If a Golden Cross occurs, where the 50-day MA crosses above the 200-day MA, it could indicate the start of an upward trend.

Technical indicators show mixed signals. While the MACD is still in bearish territory, it hints at a possible bullish crossover, suggesting a reduction in bearish momentum. The RSI is neutral at 50.46. If momentum increases and the RSI pushes toward 70, it would signal strong buying pressure.

If ATOM breaks above the descending channel and clears resistance near $0.38, it could target around $0.53, offering a significant upside. However, if the price fails to break out and drops below support at $0.29, there may be more downside risks.

3. Shiba Shootout (SHIBASHOOT)

Shiba Shootout ($SHIBASHOOT) is gaining strong momentum, with its presale raising over $1 million and showing no signs of slowing down. This new meme coin project has caught attention in just over a month, and more funds are expected as the presale continues. Its mobile game, Shiba Sharpshooter, has already been downloaded over 1,000 times on the Google Play Store, with a Web3 app launching soon.

The project’s success is driven by its Wild West theme and the popular Shiba Inu, a favorite in the crypto world. Currently priced at $0.0202, $SHIBASHOOT will soon increase as it prepares for the next funding phase.

Shiba Shootout brings excitement to the meme coin space by creating Shiba Gulch, a digital community where Shiba Inu fans and meme lovers can gather. Shiba Gulch will host meme-offs, bringing fun and competition back to the meme coin world.

4. Bobo (BOBO)

BO

The above is the detailed content of These 5 Cryptocurrencies Are Poised to Explode: From Meme Coins to DeFi Tokens. For more information, please follow other related articles on the PHP Chinese website!