Join our Telegram channel to stay up to date with breaking news coverage. Today’s crypto market outlook is relatively positive, with many assets seeing intraday price gains. However, there is less enthusiasm as most assets need a boost to break through recent ATH values.
Investors looking for the next breakout cryptocurrency are now turning to new crypto projects as these assets have higher potential upside. Tokens like Aevo, NFPrompt, and old tokens like GT are gaining popularity due to new trends emerging in their narratives. Therefore, investors are betting that these tokens have the potential for explosive growth.
The next cryptocurrency to explode
Although listed tokens account for the majority of crypto investments, upcoming crypto projects have also attracted interest from investors. The recent performance of Dogecoin20 shows that investors are still willing to take risks in crypto newcomers. The token reached its $10 million hard cap within a few days of the end of the presale, and the team is expanding the presale to accommodate more investors. The following is a summary of the Dogecoin20 presale.
1. NFPrompt (NFP)
NFPrompt is one of the latest entrants on the BNB chain and its visibility is generally impressive. The coin launched in a very attractive way for investors as many early adopters flocked to buy large quantities of NFP tokens, the native cryptocurrency of the platform. After the project was launched, it experienced a massive price increase that pulled it close to around $1.5 and a valuation of over $250 million.
However, the platform’s recent exploit incident has led to a significant drop in the price of NFP, causing its price to drop by more than 20%. As of this writing, it is trading at around $0.8, which is far lower than its opening price when it was listed.
Nonetheless, the price drop provides an opportunity to buy this asset. NFP has strong fundamentals and a healthy investor community. Therefore, the coin is likely to recover its high value in the coming weeks or months.
Security Updates:
In light of recent security issues, we are performing a token swap, retiring the old $NFP token, and will airdrop a new $NFP with a new smart contract:
Identifier: $NFP (unchanged)
Project name: NFPrompt (unchanged)
Smart Contract: Link https://t.co/r76ZVvTn4c… pic.twitter.com/zrdtXV4rQa — NFP (@nfprompt)
Currently, the team is working to swap existing NFP tokens with all holders’ wallets and exchanges and reportedly have a balance to support the move. The team hopes to clear out the stolen tokens during the on-chain explosion. Therefore, NFP should be able to find the support needed to return to an uptrend. It is best to monitor the trend of this asset to identify trading opportunities that may arise due to the current situation.
2. Dogecoin20 (DOGE20)
Dogecoin20 is expected to go live on Dog Day. April 20th is usually a day for the crypto community to celebrate the fun side of cryptocurrency. This day is a time for the Dogecoin community to remind the world that crypto is not always about investing alone, but also about growing and having fun with each other.
The Dogecoin20 community demonstrated these facts through the recently concluded presale event. Raising the $10 million hard cap in just a few weeks is a testament to the potential of the project and its supporting community.
While the tokens allocated for the DOGE20 presale have been sold out, the team is working hard to meet the demand for more tokens as the launch date has been rescheduled. Some of the tokens used for marketing are now available for purchase by investors who still want to purchase DOGE20 tokens at the presale price. Miners only have 22 days to seize this opportunity.
The opportunity to purchase tokens at a discounted price will end when they are listed for trading. Further instructions on participating in the final stage of the presale can be found on the project's presale page.
Visit Dogecoin20 presale
3. GateToken (GT)
Gate token is heading towards its ATH value in the past 16 months, with the asset up over 28% today. The GT token is often known for its role in GateChain. It is the native token of the network and is also used to pay for transactions. GT holders also receive rewards for staking their tokens, which explains the deflation of the token supply.
The recent surge in the usage of the chain has driven the price of GateToken up. The price of the token has also responded positively to the announcement of the listing of the platform exchange Gate.io. The exchange recently announced the listing of several very successful assets, which increased the visibility of the ecosystem.
According to GT’s chart data, investors should expect a continued uptrend in the coming days as well as temporary pullbacks along the way. The asset’s RSI readings indicate a scenario of overvaluation, which could prompt a pullback. Nonetheless, the overall outlook for the GT token looks promising, with the price trading above the long-term moving average.
Likewise, the crypto market is positive, providing the possibility for GT to carry more upside. Other factors contributing to the upside potential of the GT token include the strong fundamentals of GateChain and its ecosystem. As the visibility of the chain increases, the appeal of the token is likely to increase.
4. Aevo (AEVO)
Aevo is a new crypto project that has recently gained attention amid the bull market craze. It is a decentralized exchange that taps into the pre-launch project market by providing trading access to these assets. Apart from this, it also offers options trading and perpetual trading. The platform is said to be the brainchild of some individuals who launched Ribbon Finance.
As of this writing, AEVO has a market cap of over $350 million and is priced at around $3.3. Since its launch, its overall performance has been largely parabolic, although it once dipped to $2.01 before entering an upward trend. In the past 24 hours, its price has risen by over 10% and its trading volume has increased by over 100%. With AEVO trading volume on the market at more than double its current price, the likelihood of further price increases is high, especially with investment
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