A lot has happened in the crypto market since our last update on the next cryptocurrency that will break out. Crypto bears who were expecting further declines in Bitcoin have been disappointed once again. Yesterday, the Bitcoin price rose 5% to set a new all-time high of $70,000. Despite the temporary pullback, the difference this time is that Bitcoin has found enough support strength to hold its ground and continue to advance.
Unlike previous rallies, the thickness of sell orders above 69k is thin, suggesting that bulls may have enough momentum to continue pushing upwards until the halving date next month. However, Bitcoin is not the only coin that is performing well today.
Since Bitcoin hit a new all-time high, several other tokens have also seen incremental gains. Many cryptocurrencies such as OpSec, Golem, NEAR Protocol, etc. are today's biggest winners, with clear signs that they could be the next cryptocurrencies to break out. Meanwhile, investors should also keep an eye on the pre-sale of eTukTuk. Its performance among informal investors has been widely discussed, and we will mention it later in the article.
1. Golem (GLM)
The ongoing bull run is not just boosting crypto asset prices. It is also bringing back some obscure cryptocurrencies. Golem is an example of an obscure asset that has seen a resurgence due to the bull run.
Golem, an open-source project that debuted in 2017, has been suffering from a long period of price decline since the market crash in 2022. However, after the market began to recover in the third quarter of 2023, GLM re-entered an uptrend. Recently, it started a bullish rally that has caused its price to grow by 225% in the past 24 days.
Today, GLM has gained over 6% and the trading volume has increased by 190%. The price action has the coin moving towards its goal of conquering its all-time high. At the time of writing, it is only 44% away from its all-time high and it is only a matter of time before it breaks out, which could be a matter of days or weeks.
We are excited to announce that we will be attending NVIDIA 2024 GTC AI Conference!
March 18-21, 2024
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We will make announcements there.
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See!
#GolemNetwork
#AI
$GLM
pic.twitter.com/V0rwlGjnB3
— Golem Network (@golemproject)
March 8, 2024
Ideally, GLM’s return to the upside should not come as a surprise as the project has been working to revolutionize peer-to-peer computing services. As demand for GPU and AI services increases, democratized players like Golem Network have emerged as frontrunners.
Although the price of GLM may see a correction in the coming days, it is likely to reach the $1 mark before the end of this quarter. One catalyst that could propel its rise in the coming days is its role in the upcoming NVIDIA conference.
2. eTukTuk (TUK)
Currently, all the attention is on DePIN and memecoins projects. However, many people have not noticed the projects that are about to become the next low-priced cryptocurrency explosion. A typical example is eTukTuk.
What sets this novel project apart from many of the current hot projects is that it incorporates several blockchain concepts. It achieves practicality through a transportation solution. In addition, it achieves a decentralized integration through its TUK token and the idea of staking to ensure the future value of the token through inflationary measures.
More importantly, it solves climate challenges through AI-based transportation solutions. Therefore, the team behind eTukTuk is creating a crypto project and solution that touches on different stages of human problems.
1/ In collaboration with Fraunhofer IPA, Black Forest Campus and industry partners, the "H2FastCell" project has launched a pair of game-changing robots for fast fuel cell stack assembly
pic.twitter.com/8sQCpwY6ZW
— eTukTuk (@eTukTukio)
March 8, 2024
The opportunity to participate in the presale of TUK tokens has been open for some time, offered at a discounted price of $0.028 per token. So far, the presale has raised over $1.8 million and is on its way to the next milestone of $2.1 million. Anyone who wishes to be part of the solution still has the opportunity to join.
Visit eTukTuk presale
3. NEAR Protocol (NEAR)
NEAR’s price is up 14% today compared to 24 hours ago. At this rate, it could become the next cryptocurrency to break out. Its surge in price is complemented by an increase in trading volume, which could mean that market interest in the token is increasing.
NEAR is the native token of NEAR Protocol. The platform aims to provide decentralized cloud computing services. As one of the early players in the field, it has been in the field for more than three years. The protocol is optimized to allow developers to create and deploy decentralized applications with minimal difficulty.
100m NEAR Accounts have been created since mainnet.
Just a small step toward one billion active users.
pic.twitter.com/EyUc1bjH9Y
— NEAR Protocol (@NEARProtocol)
March 4, 2024
Another factor that could lead to NEAR’s explosive growth in the future is its growing number of use cases. The platform is considered by some to be the most widely used blockchain ecosystem in the industry. Recently, it posted an update on its official Twitter account, announcing that it is 10% away from its billion-user goal. With over 100 million registered users since the mainnet launch, investors should keep a close eye on NEAR’s trends to find valuable short-term and long-term opportunities.
4. OpSec (OPSEC)
OpSec is a new player in the DePIN space. A few weeks after its launch, it has accumulated impressive traction on social media and has a growing community of holders. The project’s success can be attributed to the dynamic team behind it and its focus on bringing more value to the community.
At the time of writing, OPSEC is priced at $1.74, up more than 6% from 24 hours ago. The increase in trading volume also means that more and more investors are pouring into the project, and the team has promised to launch the second phase of its iteration. Therefore, holders can expect another rise in the coming weeks.
Decentralized physical infrastructure projects are gaining more and more attention from investors due to the influence of TradiFi. As the hype about artificial intelligence in various industries has reached an unprecedented level, several crypto projects with AI potential have achieved impressive revenue and trading volume growth recently.
“The whole purpose of decentralization is to make the infrastructure as diverse as possible to ensure maximum security for the project.”
“When we were just starting out and were still small, we had to test multiple different providers, including smaller ones, to find the best option…”
pic.twitter.com/vL9E3iiDms
— OpSec (@OpSecCloud)
March 6, 2024
OpSec aims to implement a more secure and decentralized digital ecosystem and infrastructure. The project is still in its early stages, with a market cap of $180 million for its crypto assets as of this writing. There is still a lot of work to be done by the community and the team.
That said, there are still opportunities for investors who wish to join the project as the likelihood of an improvement in its performance is relatively high. However, due to the overall bullish sentiment in the crypto market, it is difficult to predict the actual prospects of the token. It is best to conduct adequate research before taking action on OPSEC.
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