Join our Telegram channel to stay up to date with the latest news coverage.
The crypto market was relatively uncertain at the beginning of the week. However, yesterday, Bitcoin broke through the $52,000 ceiling and the market trend changed. Over the past 24 hours, the value of Bitcoin and several other cryptocurrencies are rising.
What are the next cryptocurrencies that are about to break out? As optimism returns to the crypto market, investors are looking for the next big winner. Here are some brief highlights of some of the projects that are performing well in the market.
The next wave of cryptocurrencies to explode
Joining the list of upcoming crypto projects is Green Bitcoin. The project recently launched its pre-sale and investors have already started participating in anticipation of its listing on the exchange. The article details this new project and its prospects.
1. Aptos (APT)
The bull run has brought Aptos holders a significant return on their investment. After a long period of price decline, APT returned to an uptrend, gaining more than 20% in the past 24 hours. Its trading volume increased by 104% during this time, marking a growing interest in this coin.
Although Aptos faces stiff competition from established Layer 1 platforms, it is gradually increasing its use cases. Recently, it has been strengthening its presence in various Asian countries through increasing partnerships and events. A post on the official Twitter account highlighted the move.
Ultimately, the community will continue to work towards more growth in the coming weeks. In the meantime, investors can keep an eye on APT’s short-term market movements as the token and its investors continue to work towards explosive growth.
Ready to participate in # Aptos DeFi Days α?
The Aptos Foundation is preparing for this project, and our friend @StaniKulechov will officially join us to discuss all things DeFi!
Link: https://t.co/8kftCGsuh1
— Aptos (@Aptos_Network)
February 26, 2024
On the contrary, investors may want to prepare for a sharp reversal in APT's trend in the coming quarters. Several indicators show that the token may experience selling pressure as long-term holders seek profits. In addition, future token unlocking may also affect the token's price, as the number of tokens currently in circulation is less than 50% of the total supply.
2. Helium (HNT)
While mining cryptocurrency on a smartphone is technically possible, it is generally impractical and inefficient. Does Helium facilitate innovative mining methods and network infrastructure through a decentralized wireless network? As strange as it sounds, miners can mine cryptocurrency without relying on expensive infrastructure. The Helium network enables this by allowing nodes to act as hotspot devices.
The Helium team is changing the mining narrative somewhat by replacing known energy-hungry and high-cost systems with simpler blockchain models that require less complexity but offer similar security and efficiency.
It utilizes a decentralized wireless network where nodes act as hotspot devices. Interestingly, the project has gained a lot of popularity, especially with the growing interest in the DePIN space. Likewise, the project is seeing more and more use cases and partnerships, which could drive the value of its token HNT further up.
In the past 24 hours, the coin’s price has increased by more than 10%, with trading volume increasing by nearly 150%. This change in price action comes after a sudden increase in the price of Bitcoin, which is currently approaching its halving month.
Investors should keep a close eye on Helium’s trends, as it is likely to maintain its gains even after Bitcoin’s rally. The growing interest in the DePIN sector is likely to continue into the future, providing an opportunity for tokens like HNT to maintain their price gains.
3. Green Bitcoin (GBTC)
The current Bitcoin rally is not the only phenomenon in the market, and as the halving month approaches, investors will see some complementary trends, especially new projects that have achieved remarkable success by riding the Bitcoin wave.
One of these projects is the Green Bitcoin project, which is currently in the preparation stage to take off from the sun. It offers a green staking service, where users will receive rewards of up to 100% when they successfully predict Bitcoin trends. This gamified approach offers users new challenges every week, increasing the chances of receiving more rewards.
The Green Bitcoin service and its staking program are only open to GBTC token holders. Interestingly, the staking program offers an annualized rate of return of up to 261%. According to its website, more than 2.2 million GBTC have been staked so far.
The opportunity to participate is still open, and the price is currently $0.492. In a few hours the price will increase, and investors may have to pay more to participate in the program.
In addition, the project is getting closer to the listing date, which brings opportunities to profit from the initial rally. The GBTC presale page provides more details.
Visit Green Bitcoin Presale
4. Polygon Ecosystem Token (POL)
Polygon is currently home to some of the best performing crypto projects. As such, the token reflects the trends of its ecosystem. More importantly, it is also enjoying the growing visibility of the Ethereum ecosystem, with expectations for the Ethereum ETF and Dencun upgrade. Polygon is also working on a series of upgrades to ensure improved security and efficiency of the network.
Apparently, POL’s price has been moving similarly to Ethereum’s over the past 24 hours, with Ethereum’s price up about 4%. On the other hand, POL has risen about 7% today, and trading volume has also increased. Investors should expect more explosive gains in the coming quarters as Polygon explores opportunities in tokenizing real-world assets.
Have questions about Elderberry upgrades?
Come discuss the latest Polygon zkEVM upgrade on the forums, where there are no hashtags and no one trying to taunt you.
Link: https://t.co/kShWawRFnM
https://t.co/3UyOrKNqlG
— Polygon | Aggregated (@0xPolygon)
February 26, 2024
This move could unlock and release the potential of the network and draw more attention to the tokens in the ecosystem. In the meantime, investors should keep an eye on this trend to see where its price may go in the coming days.
5. Optimism (OP)
Optimism Token OP is known for its high volatility. However, the token recently experienced an impressive rally that resulted in a price increase of 27%. However, the volatility of OP tokens played a role, causing the price to drop rapidly.
However, OP Token is indicating a return to an uptrend and could be the next cryptocurrency to break out. Many of the asset’s technical indicators, especially its oscillators, remain neutral at the time of writing. Meanwhile, its price is trending below its long-term moving averages. Therefore, investors can expect a price increase in the coming days.
Conversely, the long-term prospects of the OP token are uncertain, as its circulating supply is currently below the total supply of 25%. This means that each batch of tokens unlocked will cause the price to fall until the unlocks are fully vested. The unlock period spans five years, starting in 2022.
Therefore, holders may need to endure price fluctuations until the unlocking is fully vested. As an alternative, OP may serve as a hedging opportunity for short-term profit, especially as the Ethereum ecosystem is about to usher in an influx of funds.
Read more
Cryptocurrency is about to explode in 2024
New Cryptocurrency Mining Platform – Bitcoin Minetrix
Rating
Audited by Coinsult
Decentralized and secure cloud mining
Earn Free Bitcoin Every Day
Native token presale in progress – BTCMTX
Staking Rewards – Annualized rate of return of over 50%
learn more
Join our Telegram channel to get the latest news
English 
Chinese (China) 
Chinese (Hong Kong) 