Join our Telegram channel to stay up to date on breaking news coverage
The Fear/Greed index is today at 86. This is the highest level since the fall of 2022. The growing optimism in the market has not only brought the value of btc closer to its ATH, but has also triggered many altcoin rallies. There are signs that top-ranking cryptocurrencies like LTC, Solana, Cardano, etc., are already poised to become the next cryptocurrencies to explode. However, the cryptocurrency market is still obsessed with the btc trend, leaving altcoins to follow suit.
However, it is that time when manipulative movements and great insecurity are common in the market. Furthermore, it is also the time when many governments and their agencies regularly seek to take down major players in the industry.
The next cryptocurrency to explode
Therefore, demand for privacy asset services like Monero is increasing. Additionally, new crypto projects like Scotty the ai use artificial intelligence in security and market surveillance. Hopefully, they will be able to drastically reduce the activity of harmful elements in space. Below is more information about the projects and other top-ranking cryptocurrencies.
1. Arbitration (ARB)
Arbitrum recently recorded an all-time high of $2.4, the highest since its launch early last year. The overall performance of assets in the ethereum ecosystem has been notable, with many seeing double-digit gains. Today's ARB RSI reading has been relatively stable, with a neutral value of 57. Its moving averages on the daily and weekly period also remain moderately bullish, meaning the token's return to an uptrend could mean it will break out. your ATH.
Will ARB become the next cryptocurrency to explode? The direction of the ARB chart reflects the overall optimism of the crypto market. Therefore, it is one of the tokens to keep in mind this quarter. The price of the asset has risen 11% in the last 24 hours, increasing the token's market capitalization by almost 6%. Likewise, ARB has seen an increase in trading volume of around 170%, indicating increased pressure on the price.
We are excited to foster the growth of the ecosystem in Korea with @DeSpreadTeam
Stay tuned for @Arbitrum_koreaThe imminent official launch! https://t.co/Xkkdf3xH16
— Arbitrum (,) (@arbitrum) February 29, 2024
Arbitrum continues to push its goal as an ethereum scaling platform through partnerships. He recently partnered with a Korean blockchain consulting firm, whose goal is to open the door to promote his vision within the Korean eth community. The move is likely to result in further bullishness for the token as demand for ARB increases.
2.bitcoin (btc)
The main driver of the current bull run, btc, has seen a notable rally, with many speculating that its price would surpass its ATH within a few weeks. In the last 24 hours, the price of btc increased by more than 20%, placing its current value at $62,000. The main driver of the price increase is the growing demand for the token, particularly from institutions that are now joining the network.
At the time of writing, the daily demand to supply ratio is 10,000 to 900. Therefore, there is a disproportionate increase in the value of the asset. At the time of writing, btc trading volume has increased by 101%, indicating optimism on the network. More importantly, one analyst believes this cycle could take the bitcoin-reach-100k/”>btc price reaches $150,000..
<img decoding="async" class="aligncenter size-full wp-image-484804" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="btc price chart” width=”1200″ height=”800″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/03/The-next-cryptocurrency-will-explode-on-Wednesday-February-29-Bitcoin”https://technicalterrence.com/crypto/bitcoin/”>btc-Price-Chart.png 1200w, https://technicalterrence.com/wp-content/uploads/2024/03/The-next-cryptocurrency-will-explode-on-Wednesday-February-29-Bitcoin”https://technicalterrence.com/crypto/bitcoin/”>btc-Price-Chart-300×200.png 300w, https://technicalterrence.com/wp-content/uploads/2024/03/The-next-cryptocurrency-will-explode-on-Wednesday-February-29-Bitcoin”https://technicalterrence.com/crypto/bitcoin/”>btc-Price-Chart-1024×683.png 1024w, https://technicalterrence.com/wp-content/uploads/2024/03/The-next-cryptocurrency-will-explode-on-Wednesday-February-29-Bitcoin”https://technicalterrence.com/crypto/bitcoin/”>btc-Price-Chart-768×512.png 768w” data-lazy-sizes=”(max-width: 1200px) 100vw, 1200px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/03/The-next-cryptocurrency-will-explode-on-Wednesday-February-29-Bitcoin”https://technicalterrence.com/crypto/bitcoin/”>btc-Price-Chart.png”/>btc-Price-Chart.png” alt=”btc price chart” width=”1200″ height=”800″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/03/The-next-cryptocurrency-will-explode-on-Wednesday-February-29-Bitcoin”https://technicalterrence.com/crypto/bitcoin/”>btc-Price-Chart.png 1200w, https://technicalterrence.com/wp-content/uploads/2024/03/The-next-cryptocurrency-will-explode-on-Wednesday-February-29-Bitcoin”https://technicalterrence.com/crypto/bitcoin/”>btc-Price-Chart-300×200.png 300w, https://technicalterrence.com/wp-content/uploads/2024/03/The-next-cryptocurrency-will-explode-on-Wednesday-February-29-Bitcoin”https://technicalterrence.com/crypto/bitcoin/”>btc-Price-Chart-1024×683.png 1024w, https://technicalterrence.com/wp-content/uploads/2024/03/The-next-cryptocurrency-will-explode-on-Wednesday-February-29-Bitcoin”https://technicalterrence.com/crypto/bitcoin/”>btc-Price-Chart-768×512.png 768w” sizes=”(max-width: 1200px) 100vw, 1200px”/>
Unfortunately, it's unclear how long it would take to cross that mark if the claims are ultimately valid. Elsavador and many high-profile crypto investors maintain their control of the asset with no intention of selling it. Reports show that 80% of cryptocurrencies in investors' wallets have not moved since the currency began a recovery trend.
3. Litecoin (LTC)
While Litecoin may not be the symbol of 100x investors' funds, it shows a potential to maintain an uptrend during the bull market and subsequent periods. Overall, the bitcoin halving and the arrival of institutional investors into the market are the main drivers of the current bull market. The trend also increases the value of Altcoins, of which LTC is one of the main players.
However, one fact to remember with LTC is that it completed its halving in the second quarter of last year, and its price rose the most in the weeks leading up to its halving. The LTC halving is roughly 1,250 days away, and the token supply is a fraction of what it was before the previous halving.
One of the revolutionary aspects of Litecoin is its deflationary model. This means that the amount of Litecoin mined decreases over time, “halving” every 4 years and therefore becoming scarcer over time. #Litecoin
The next Litecoin halving will be in 1250 days. pic.twitter.com/JUu5tuGF3d
—Litecoin (@litecoin) February 26, 2024
In theory, the current bull market driving up the asset's price positions it to continue its upward trend in the first half of next year. Consequently, it is likely to continue its bullish trend until halving in 2027. Investors looking for a long-term strategy can bet on the LTC trend, which often reflects the movement of the btc market. Additionally, the coin has seen broader adoption than many crypto tokens.
4. Pepper (PEPE)
It's not Memecoin season yet, but PEPE is already on an aggressive move. For degen investors, it could be the next cryptocurrency to explode. The price of the asset increased by almost 80% yesterday and more than 40% in the last 24 hours.
Consequently, its net profits over the previous seven days amount to more than 149%. The likelihood of further gains is inevitable as the current price approaches its ATH. Investors still have the opportunity to buy as the bull market continues its upward trend.
Meanwhile, investors should be wary of the PEP rally, which could see a momentary pullback. The asset's RSI reading is relatively high, with a value of 91 at the time of writing. Degenerating into Pepe should be done with the greatest caution possible, considering the team's recent abandonment.
Furthermore, PEPE is known for its high volatility and prolonged price decline. Therefore, the best approach to participating in PEPE is to do so with an eye to short-term return on investment. Meanwhile, investors can take advantage of the PEPE wave as it is currently in an explosive trend.
5. Scotty the ai (SCOTTY)
The growing optimism in the cryptocurrency market calls for drastic efforts to safeguard the interests of investors, especially in the case of fraudulent projects. That's why the team behind Scotty ai is working on a revolutionary idea to combat rising cases of negligence.
The project combines the culture of memes with the usefulness of artificial intelligence. Hence its mascot, Scotty the ai, is projected as the guardian of the crypto universe. Thanks to the power of blockchain artificial intelligence technology, Scotty would have the ability to explore and detect dubious projects before they cause chaos in the cryptocurrency market.
Pre-sale update!
ScottyTheAi has raised $1,000,000
Reaching another milestone in the early stages of pre-sales.Well on our way to closing the pre-sale and heading towards that $100 million market cap.
Congratulations to all the early starters. #scottishdogs in pre-sale
Buy now:… pic.twitter.com/9Die3RDJAe
– Scotty the ai (@ScottyThe_Ai) February 29, 2024
The pre-sale offer for the project's native cryptocurrency, SCOTTY, is now live and investors have a few days to take advantage of the discounted price. As of this writing, the cost is $0.00605 and the team has raised over $1 million. Investors can still join the growing community before the price increase. More details of the project are available on its pre-sale page.
Read more
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 50% APY
Join our Telegram channel to stay up to date on breaking news coverage
