Next Cryptocurrency to Explode Tuesday, August 6 — Pendle, AIOZ Network, Ondo, Bittensor

Many
altcoins
are
trying
to
make
a
comeback
as
they
record
significant
gains.
Meanwhile,
Bitcoin
(BTC)
crashed
to
$54,000
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.
Pendle
(PENDLE)

Upbit,
South
Korea’s
largest
cryptocurrency
exchange,
started
the
day
with
altcoin
announcements.
Upbit
announced
that
it
would
list
a
new
altcoin,
Pendle
(PENDLE),
on
KRW
and
BTC
trading
pairs.
Following
the
news,
PENDLE’s
price
increased
by
30%.
As
of
press
time,
Pendle
had
risen
by
45.13%
to
$2.89.

Pendle
Coin
has
garnered
attention
in
the
crypto
community
for
its
innovative
approach
to
yield
trading.
The
platform
allows
investors
to
separate
ownership
of
future
yield
from
the
principal
investment,
offering
greater
flexibility
and
potential
profit
opportunities.
This
unique
feature
positions
Pendle
Coin
as
a
notable
project
in
the
crypto
space.
Analysts
predict
significant
growth
for
Pendle,
driven
by
its
novel
yield
trading
mechanism.

Ultra
short-term
fixed
yield
maturity:

????
12%
Fixed
APY
for
weETHs
(you
get
more
weETHs
by
maturity)
????22
days
till
maturity

https://t.co/UXm3S7AA0U

—
Pendle
(@pendle_fi)

August
6,
2024

However,
the
Pendle
price
prolonged
its
consolidation
as
the
broader
market
witnessed
a
surge
in
supply
pressure
after
Bitcoin
reverted
from
$70,000
last
Monday.
The
renewed
selling
pressure
is
pressing
the
Pendle
coin
against
multi-month
support
with
the
potential
for
a
bearish
breakdown.
Nonetheless,
recent
accumulations
from
prominent
institutions
signal
a
potential
for
reversal.

Moreover,
Pendle
Coin’s
ability
to
separate
ownership
of
future
yield
from
the
principal
investment
has
made
it
a
hot
topic.
This
unique
feature
allows
investors
to
trade
their
yield
independently,
offering
more
flexibility
and
potential
profit
opportunities.

2.
AIOZ
Network
(AIOZ)

AIOZ
Network
is
a
decentralized
platform
for
Web3
AI,
storage,
and
streaming.
It
aims
to
create
a
faster,
secure,
and
decentralized
future.
By
leveraging
a
global
network
of
decentralized
infrastructure
providers
(DePINs),
AIOZ
rewards
users
for
sharing
computational
resources.
These
resources
store,
transcode,
and
stream
digital
media
content
and
power
decentralized
AI
computation.

Currently,
AIOZ
Network’s
price
is
between
$0.478
and
$0.60.
It
faces
resistance
at
$0.65
and
has
support
at
$0.41.
Over
the
past
24
hours,
AIOZ
jumped
over
23.5%,
and
it’s
up
more
than
threefold
over
the
past
six
months.
The
coin’s
price
movement
shows
an
even
battle
between
bulls
and
bears.

This
week,

@AIOZNetwork,
represented
by

@imcryptosherry,
held
a
joint

#AMA
with

@rss3_
and

@openinfo_
to
discuss
the
topic
“Why
DePIN
for
Web3
AI?”

This
tweet
provides
a
recap
of
of
everything
discussed
during
this

#AMA,
just
in
case
you
missed
out.????

INTRODUCTION
AND
WELCOME…

https://t.co/nnNUW6Inil

—
AIOZ
Network
(@AIOZNetwork)

August
2,
2024

Moreover,
the
daily
chart
shows
a
declining
parallel
channel
pattern,
with
the
price
near
the
upper
boundary—the
$0.69
level
acts
as
a
major
resistance
zone.
Furthermore,
the
Relative
Strength
Index
(RSI)
is
neutral
at
around
51.
If
AIOZ
breaks
resistance
at
$0.65,
it
could
rise
another
10%
towards
the
next
hurdle
at
$0.77.
On
the
downside,
falling
below
$0.41
may
bring
it
down
15%
to
the
next
support
at
$0.28.

Additionally,
Sei
Network
is
partnering
with
AIOZ
Network
to
enhance
decentralized
infrastructure
solutions.
This
collaboration
aims
to
provide
builders
in
the
Sei
ecosystem
access
to
infrastructure-as-a-service
options.
These
options
include
AIOZ
W3S
(S3-compatible
storage),
AIOZ
W3IPFS
(Web3
IPFS
pinning
service),
AIOZ
W3AI
(AI-as-a-service),
and
AIOZ
W3Stream.

3.
Shiba
Shootout
(SHIBASHOOT)

Shiba
Shootout

is
a
unique
meme
coin
project
that
brings
its
community
to
a
Wild
West-inspired
digital
frontier.
Firstly,
it
offers
an
immersive
experience
that
combines
creativity,
competition,
and
camaraderie,
going
beyond
a
typical
cryptocurrency
investment.

Moreover,
the
project
has
several
innovative
features
designed
to
engage
its
community.
The
Posse
Rewards
referral
program
encourages
users
to
grow
the
community
by
offering
bonus
tokens
for
successful
invitations.
Additionally,
Campfire
Stories
sessions
provide
a
platform
for
members
to
share
their
crypto
experiences,
with
the
most
entertaining
stories
earning
token
rewards.

Shiba
Shootout
also
emphasizes
community
governance
through
its
Token
Governance
Roundups.
These
regular
events
allow
token
holders
to
vote
on
key
project
decisions,
similar
to
a
democratic
process
in
a
Wild
West
town.
This
approach
ensures
the
community
has
a
strong
voice
in
shaping
the
project’s
future.

Furthermore,
the
Lucky
Lasso
Lottery
system
allows
participants
to
purchase
lottery
tickets
using
Shiba
Shootout
tokens,
with
a
portion
of
the
proceeds
dedicated
to
charitable
causes.
This
feature
combines
the
thrill
of
potential
winnings
with
a
commitment
to
social
responsibility.

Introducing

#CactusStaking!
????????

Stake
your

#ShibaShootout
tokens
on
a
digital
cactus
and
watch
your
rewards
grow!
????????

pic.twitter.com/Z8OXUJSb5D

—
shibashootout
(@shibashootout)

August
6,
2024

Additionally,
Cactus
Staking
provides
a
visually
engaging
way
for
users
to
grow
their
token
holdings.
By
staking
their
tokens
on
a
digital
cactus
plant,
users
can
watch
their
rewards
accumulate
over
time.
This
playful
representation
of
staking
adds
a
unique
twist
to
a
common
cryptocurrency
practice.

Shiba
Shootout

is
currently
in
its
presale
phase,
having
raised
$881,767.54
from
a
$1,631,230
target.
The
token
currently
trades
at
$0.0198,
indicating
growing
interest
from
early
investors.
While
partnerships
are
planned
for
the
next
phase,
the
project
focuses
on
building
a
strong
foundation
and
community.
Considering
everything,
we
can
expect
SHIBASHOOT
to
be
an
upcoming
crypto
to
explode.

Visit
the
Shiba
Shootout
Presale

4.
Ondo
(ONDO)

Ondo
Finance
(ONDO)
is
an
innovative
project
that
connects
decentralized
finance
(DeFi)
with
traditional
finance.
Firstly,
ONDO
aims
to
create
a
hybrid
financial
ecosystem
where
users
can
easily
access
and
manage
crypto
and
traditional
financial
assets.
This
integration
offers
great
flexibility
and
security,
making
Ondo
Finance
a
key
player
in
the
future
of
global
finance.

Despite
a
significant
drop
in
Bitcoin
and
Ethereum,
ONDO
trades
between
$0.54
and
$0.94,
showing
growth
potential.
Moreover,
the
current
dip
offers
a
buying
opportunity
as
ONDO
is
close
to
its
support
level
of
$0.39.
If
ONDO
breaks
past
its
nearest
resistance
at
$1.19,
it
could
gain
up
to
100%.

The
ONDO
token
provides
real-world
utility
by
enabling
users
to
participate
in
governance,
stake
for
rewards,
and
access
exclusive
financial
products.
Additionally,
its
platform
facilitates
secure
and
transparent
financial
transactions,
reducing
the
risk
and
complexity
associated
with
traditional
monetary
systems.

In
the
past
24
hours,
the
Ondo
price
has
surged
37.47%.
However,
it
has
plunged
27.65%
within
the
past
week
and
26.45%
over
the
past
30
days,
showing
mixed
sentiment
for
this
altcoin.
The
current
RSI
and
MACD
suggest
it’s
oversold,
indicating
potential
upward
momentum
soon.
In
the
past
six
months,
ONDO
has
risen
by
over
150%,
showing
its
capacity
for
rapid
growth. 

Although
the
short-term
outlook
looks
bearish,
this
could
be
the
time
to
spot
a
bullish
reversal
as
the
market
recovers.
If
the
market
regains
momentum,
the
ONDO
price
will
test
its
resistance
level
of
$0.98.
Conversely,
if
the
bears
overpower
the
bulls,
the
Ondo
crypto
will
plunge
toward
its
low
of
$0.44.

5.
Bittensor
(TAO)

In
the
past
24
hours,
Bittensor’s
TAO
has
surged
34.70%,
making
it
one
of
the
day’s
top
performers.
Last
month,
DCG
Vice
President
Evan
Malanga
congratulated
Masa,
a
decentralized
AI
network,
on
Twitter
for
successfully
launching
their
Bittensor
subnet
on
the
testnet.

This
achievement
is
expected
to
attract
over
1.5
million
users
to
Masa
and
introduce
the
subnet’s
first
dual-token
incentive
structure.
This
development
has
positively
impacted
Bittensor’s
native
token,
TAO,
which
rose
by
34.70%
in
the
last
24
hours
to
$252.62.
Over
the
past
week,
TAO
was
affected
by
the
general
market
bearishness
and
fell
by
22.17%.

Masa’s
dual-token
incentive
structure
on
the
Bittensor
network
is
notable.
This
innovative
approach
aims
to
reward
users
and
contributors
more
effectively,
promoting
greater
participation
and
engagement
within
the
network.

Big
security
upgrades
and
successful
integration
of
Ledger
support
in
dev-net.

Major
efforts
underway
to
claw
back
a
substantial
amount
of
TAO
from
exchanges
post-attack.

This
and
more
in
our
latest
Community
Q&A:

https://t.co/nbhPmK5tFb

pic.twitter.com/yZoLlozU6t

—
Openτensor
Foundaτion
(@opentensor)

July
27,
2024

In
the
past
month,
Bittensor’s
price
increased
by
11.06%.
This
rise
contrasts
with
its
trend
over
the
past
week,
where
it
experienced
a
loss,
dropping
from
over
$260
to
its
current
price.
The
coin’s
all-time
high
stands
at
$757.60.

Additionally,
the
coin’s
market
cap
has
increased
by
over
31.16%
in
the
past
day.
The
overall
circulating
supply
of
the
coin
has
grown
by
0.52%
to
over
7.18
million,
about
34.20%
of
its
maximum
supply
of
21
million.
TAO
now
ranks
#39
in
market
cap,
valued
at
$1.79
billion.

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