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首页 > 业界 > 区块链 2024-05-10 00:43:33
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The cryptocurrency market is still bumpy after the Bitcoin halving, with some coins struggling to bounce back. Bitcoin (BTC) is slowly going back above $60,000, 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. Institutional investors are now paying more attention to interoperability and tokenizing real-world assets. Prices of these assets are climbing, even before the market takes off entirely. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Next Cryptocurrency To Explode Attention in the crypto market in the coming month will go toward the altcoin sector and making the most of the post-Bitcoin halving market. Hence, investors can capitalize on the moment and take a position in upcoming tokens like the 5th Scape. The project aims to revolutionize user interactions with virtual environments by blending innovation with entertainment. This post covers the details of its presale. 1. Litecoin (LTC) Following a steady drop, Litecoin found support near $75.00. It then began to recover, surpassing resistance levels at $78.00 and $80.00. According to TradingView, Litecoin’s price fell by over 19% in the last month, causing many holders to lose money. However, during this decline, large investors bought more coins. This increase in buying from big investors helped turn Litecoin’s market sentiment positive. In the past 24 hours, its value rose by 2.61%. When this metric reaches such a point, it suggests potential for price growth. Additionally, the rise in Open Interest indicates that the upward price trend might continue. Recent findings from a well-known payment processor reveal a significant change in how people use cryptocurrencies for transactions. By May, Litecoin had processed almost twice as many payments as Bitcoin, indicating a growing preference for Litecoin among users. '#Litecoin remained the most preferred cryptocurrency for payments in April, outperforming all major assets' –@benzingacrypto $LTChttps://t.co/DxKpT08Qpi — Litecoin (@litecoin) May 8, 2024 This shift might be due to Bitcoin’s rising transaction fees. Reports show that Bitcoin’s average fees have climbed to about $100, likely discouraging its use for small, frequent payments. As a result, users are moving towards cheaper alternatives like Litecoin, which offers similar blockchain benefits without the high fees. Although Litecoin’s price has dropped 19% recently, large investors remain optimistic and are buying more coins. While the market is currently uncertain, the increase in Open Interest suggests a potential price rise in the future. 2. Toncoin (TON) According to experts on TradingView, Toncoin (TON) is a good buy for the short term. One analyst says that because of a break in a falling wedge pattern and more trading, it looks positive. Also, the price is above a strong support area. Toncoin (TON) recently broke out from a downward channel it had been in since April. Now, the price is checking back the old resistance as a support. The analyst thinks it’s a good time to buy for a short while. Currently, Toncoin is trading at about $6.05. The Analysis suggests it could go up to around $10, which means there’s a chance to make nearly 100% profit.
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