Next Cryptocurrency To Explode Saturday, April 13 – Toncoin, Ethena, THORChain

The
second
quarter
is
markedly
different
from
the
first
quarter
as
several
cryptocurrencies,
particularly
altcoins,
are
forced
into
a
price
decline.
Due
to
the
ETF
approval,
the
crypto
market
saw
the
bulls’
dominance
in
the
first
quarter.
However,
the
quarter
is
progressing
otherwise.
Many
altcoins
have
lost
over
20%
of
their
gains
at
press
time. 

Thus,
traders
and
investors
may
have
difficulty
finding
the
next
cryptocurrencies
to
explode
amid
the
downturn.
Notwithstanding,
today’s
post
shares
insight
on
promising
crypto
assets
to
watch
in
the
bearish
outlook.

Next
Cryptocurrency
To
Explode 

Furthermore,
Investors
should
expect
the
interest
of
the
crypto
market
to
tilt
towards
meme
coins
and
utility
assets
in
the
meantime.
Recent
market
data
shows
that
these
categories
of
assets
thrive
more
when
there’s
widespread
uncertainty
in
the
market.
Thus,
presale
offerings
such
as
Slothana
are
assets
to
watch,
and
further
details
are
included
below. 

1.
Toncoin
(TON) 

Toncoin
briefly
touched
the
$7
mark
before
the
bear
dominance
hit
the
crypto
market.
The
token
has
since
lost
over
6%
of
its
value
and
is
worth
$6.7
at
the
time
of
writing.
Even
though
the
price
decline
sent
a
cold
foot
across
the
market,
TON
maintains
its
reputation
as
one
of
the
top
cryptocurrencies
to
watch. 

Most
investors
believe
it
may
become
the
next
crypto
coin
to
explode.
Toncoin
and
its
community
recently
launched
a
series
of
incentive-based
activities
to
increase
the
visibility
of
the
token.
Before
that,
the
team
worked
extensively
to
improve
the
token’s
utility. 

For
example,
TON
is
now
an
adopted
payment
medium
on
the
Telegram
platform.
Influencers
on
the
platform
will
also
earn
TON
as
rewards
for
setting
up
successful
channels
on
Telegram.
Thus,
the
growing
utility
of
the
cryptocurrency
and
its
increasing
visibility
have
given
it
status
as
one
of
the
best-performing
cryptos
in
the
bull
market. 

Also,
TON
is
not
only
growing
within
its
ecosystem.
It
is
also
expanding
its
reach
across
the
entire
crypto
community.
According
to
a
post
on
its
official
Twitter
handle,
TON
might
see
a
surge
in
adoption
in
the
Asia-Pacific
region.
The
recent
Hong
Kong
crypto
embrace
has
opened
up
a
new
cryptocurrency
market. 

????
TON
Foundation
has
formed
a
strategic
partnership
with

@HashKeyGroup
to
boost
the

#TON
Ecosystem,
aiming
to
put
crypto
and
Web3
in
every
pocket!

What
does
it
entail?

✅
Support
for
early-stage
TON-based
projects
✅
Enhanced
fiat
access
for

@wallet_tg
users
in
APAC
✅…

pic.twitter.com/khIiYMHXfC

—
TON
????
(@ton_blockchain)

April
12,
2024

TON
is
making
the
first
moves
to
secure
a
first-mover
advantage.
The
partnership
with
Hashkey
Group
would
increase
liquidity
in
the
region,
enabling
TON
holders
to
convert
their
TON
tokens
into
cash.
With
that,
there’ll
be
an
increase
in
investors’
confidence
in
the
asset. 

Ultimately,
the
bear
market
allows
investors
to
own
more
of
the
TON
asset
ahead
of
price
recovery.  

2.
Slothana
(SLOTH) 

The


Slothana

rave
grows
louder
as
the
project
approaches
its
listing
date.
SLOTH’s
presale
performance
is
one
of
the
most
successful
in
recent
times.
The
project
raised
over
$500k
within
8
hours
of
the
presale
offering
and
millions
of
dollars
in
a
few
days. 

????????
Prepare
for
the
rise
of
Slothana!
With
our
coffers
overflowing,
it’s
time
to
embark
on
a
Sloth
crusade
to
establish
a
global
empire.
Slothana’s
reign
is
imminent.
⚔️
Anyone
who
stands
in
its
way
will
face
the
wrath
of
the
holy
Slothana
army!
????????

#SlothanaEmpire…

pic.twitter.com/TyFjlJTL8q

—
Slothana
(@SlothanaCoin)

April
11,
2024

While
several
projects
have
raised
and
executed
multimillion-dollar
presale
offerings,
Slothana
stands
out
with
its
ability
to
achieve
these
milestones
within
days
of
the
presale.
What’s
even
more
thrilling
is
the
community
behind
the
project.
The
engagement
across
its
social
media
handles
has
been
quite
remarkable. 

Presently,
Slothana
boasts
over
18
thousand
followers
on
Twitter
alone,
with
hundreds
of
daily
engagements.
Even
though
the
project
is
on
the
verge
of
exchange
listing,
the
opportunity
to
participate
in
the
presale
is
still
open.
The
presale
is
offered
at
10000
SLOTH
to
1
SOL.
The
details
of
the
presale
participation
are
available
on
the
project’s
website.
Investors
can
also
find
updates
across
its
social
media
platforms,
particularly
its
Twitter
handle. 

Visit
Slothana
Presale

3.
Ethena
(ENA) 

Ethena,
the
recently
listed
synthetic
dollar
protocol
token,
has
shown
formidable
resilience
in
the
face
of
the
recent
market
downturn.
Even
though
the
price
of
ENA
dropped
by
over
12%,
it
still
retained
most
of
its
gains
in
the
past
7
days.
Data
from
Ethena
price
action
shows
that
investors
should
closely
monitor
the
token. 

Before
the
price
decline,
Ethena
focused
on
the
ATH
target
and
gradually
pushed
towards
$2.
Nevertheless,
it
has
a
$1.25
price
at
press
time
and
is
trading
closer
to
its
critical
support
at
the
$1.2
region.
Investors
can
expect
Ethena
to
range
sideways
before
breaking
above
the
$1.4
price
wall
to
the
upside. 

At
the
moment,
Ethana’s
moving
average
remains
bullish
in
the
short
run.
Sadly,
the
token
has
minimal
data
for
its
long-term
moving
average,
making
it
difficult
to
measure
the
strength
of
its
trend.
However,
the
MACD
reading,
which
is
bearish
at
the
time
of
writing,
reflects
the
token’s
momentary
pullback.

Another
critical
factor
that
might
contribute
to
the
overall
performance
of
ENA
in
the
coming
weeks
is
the
increasing
exchange
integration.
It
would
ensure
the
growing
liquidity
of
the
token
and
influence
the
consistent
ENA
price
increase. 

We
are
excited
to
announce
our
integration
with
exchange
wallets

The
integrated
wallets
are:@Web3WithBinance@Bybit_Official@okxweb3@BitgetWallet

Users
locking
USDe
for
at
least
7
days
through
exchange
Web3
wallets
are
eligible
for
a
20%
reward
boost
starting
today

pic.twitter.com/kUJOLiKeKM

—
Ethena
Labs
(@ethena_labs)

April
10,
2024

However,
investors
also
need
to
pay
attention
to
the
token
circulating
supply.
Currently,
Ethena
has
only
9.5%
of
its
total
supply
in
circulation.
Inflation
will
negatively
affect
the
asset’s
price
trend
as
more
tokens
enter
the
market.
Hence,
investors
should
factor
in
the
token
release
and
vesting
plan
into
their
investment
strategy. 

4.
THORChain
(RUNE) 

RUNE
has
not
spared
the
recent
price
decline
in
the
crypto
market,
as
the
token
price
has
declined
by
over
21%.
Despite
the
recent
token
burn
valued
at
over
$140
million,
the
widespread
crypto
price
dump
hit
the
RUNE
price.
Many
investors
assumed
the
burn
would
usher
in
the
much-anticipated
price
rally
toward
its
ATH. 

Market
data
from
the
RUNE
chart
suggest
that
the
token
may
find
its
way
back
to
the
upside
before
the
end
of
the
quarter,
according
to
the
technical
analysis
of
RUNE,
the
token
projects
an
RSI
value
that
suggests
that
it
is
oversold.

More
importantly,
the
week
following
the
token
burn
announcement,
RUNE
recorded
a
trading
volume
pump
of
over
$10
billion,
and
the
effect
of
the
recent
staking
initiative
is
yet
to
reflect
on
the
asset’s
value.
Also,
an
update
on
Thorchain’s
Twitter
handle
reveals
that
the
platform
metrics
are
at
an
all-time
high.
Thus,
RUNE
would
likely
receive
a
windfall. 

TC
Metrics
are
all-time-high

Swaps

pic.twitter.com/BbK3OvLwcE

—
THORChain
(@THORChain)

April
12,
2024

Similarly,
the
trends
of
its
moving
averages
suggest
that
the
RUNE
has
a
higher
chance
of
returning
to
the
upper
range.
While
the
short-term
moving
averages
reflect
the
ongoing
bearish
trends,
the
long-term
ema
suggests
that
RUNE
still
has
room
for
upside.

Moreover,
the
ADI
reading
of
the
asset
suggests
that
the
current
trend
is
weakening
and
might
soon
swing
in
a
new
direction.
Investors
looking
at
RUNE
should
further
analyze
the
asset
before
deciding
whether
the
crypto
market
remains
relatively
uncertain. 

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