To get the best gains in the current sideways market, investors may need to focus on low-cap assets, preferably those built on emerging chains, such as Base. However, despite the influx of funds into these chains, it is still relatively challenging to find the next cryptocurrency that is about to break out.
Worse still, investor interest in treasury returns could mean Bitcoin will stay in the $66,000 range for longer. The continued outflows from major Bitcoin ETFs confirm this fact. Therefore, cryptocurrency investors may need to develop the best strategy to cope with the increasing uncertainty in the market.
The next cryptocurrency to explode
One option worth considering is newly launched cryptocurrency projects. One example is 5th Scape, a blockchain-based virtual reality innovation project that is redefining how people use this new technology. It offers a multifaceted solution that covers both virtual reality software and hardware. This post briefly covers everything investors need to know about the project.
1. TONNEL Network (TONNEL)
The Toncoin network is gradually taking shape, with more and more use cases emerging in the ecosystem. One of the latest projects on the chain is Tonnel Network, a zero-knowledge privacy DeFi protocol. The project allows users to trade cryptocurrencies anonymously.
As of this writing, Tonnel Network has a growing user base and has just surpassed $8 million in market cap. As one of the earliest privacy projects on the TON chain, Tonnel Network has the advantages needed to scale rapidly.
In the past 24 hours, the price of the project's base cryptocurrency TONNEL has increased by more than 10%, becoming one of the largest gainers on the market. As the price surges, the project's trading volume is also rising. Today, TONNEL's trading volume has increased by more than 180%, mainly driven by the ongoing public league program.
The Tonnel Network allows users to participate in an open league program with a chance to win up to $550,000 in rewards. According to a post on its official Twitter account, the project is offering up to 50,000 TON coins and 36,666 TONNEL tokens.
Its potential uptrend is very clear, which makes it one of the cryptocurrencies that may break out next. Another advantage is that TONNEL currently has a market capitalization of $10 million, which allows investors to enter the market before it becomes popular. On the other hand, the trading volume of this cryptocurrency is relatively low, indicating that there may be liquidity challenges.
2. Arbitrum (ARB)
ARB has been in a price decline over the past few days, with a drop of more than 12% in the past 7 days. However, over the past 48 hours, ARB is showing the possibility of a trend reversal as it entered a consolidation trend. The price of the coin fluctuated between a high of $1.5 and a low of $1.4. This trend shows that investors want to see more upside before the coin rises, so they may accumulate the coin.
According to ARB’s technical analysis data, ARB has the potential to be one of the cryptocurrencies that is about to break out this quarter. Its 23 ADI value shows that the downtrend is about to reach its weakest point and is about to enter an uptrend. In addition, ARB’s RSI chart is close to the 30 range. This shows that ARB’s current price is close to the oversold region. Therefore, investors are likely to become bullish soon.
Instead, investors may need to wait for more confirmation before moving into the ARB token. The token has a wall of sell orders above its current price, which could force its price into another recovery phase if it eventually breaks through the consumption phase. The token’s EMA200 is currently at $1.56, which is above its price, a strong bearish signal. Other indicators that show further confirmation is needed before it is best to hold ARB in the short term include a MACD value of -0.1008, which is a strong sell signal.
3. 5th Scape (5SCAPE)
As the cryptocurrency space grows, there are several innovative projects exploring opportunities within the ecosystem. One of the newer projects utilizing blockchain technology is 5th Scape. The project is not only building a blockchain-based VR concept, but is also working on the hardware side of VR technology.
According to its white paper, 5th Scape is a project that will redefine the way users experience entertainment in a VR environment. Unlike many VR projects that focus on content creation and distribution, 5th Scape wants to create connected minds. It is a universe of VR devices from all over the world. As the technology becomes more mainstream, platforms like 5th Scape become the next iteration of entertainment distribution.
Therefore, its hardware plans become crucial. In order to ensure that third-party hardware vendors do not limit the experience of platform users, 5th Scape also plans to launch its own VR hardware product line in the future. It invites investors to participate in it through pre-sale.
One of the execution plans of the project is to allow crypto enthusiasts to invest in its cryptocurrency 5 SCENE token at a discounted price of $0.00215. 5SCAPE tokens will be listed on exchanges after the presale with a listing price of $0.1. Therefore, this is equivalent to more than 4000% of its current value. The listing price enables early investors to earn significant returns on their initial commitment. In addition, 5th Scape also offers other exciting offers and prospects. Investors can learn more about the project on its presale page.
4. Quant (QNT)
Quant is one of the earliest interoperability projects in the cryptocurrency space. Due to its first-mover advantage, the project's cryptocurrency ANT has maintained consistent quarterly earnings growth for many years. Even during the crypto winter in late 2022 to early 2023, QNT recorded double-digit growth while other cryptocurrencies saw a sharp drop in value.
Quant has maintained its outstanding performance as the cryptocurrency market has entered a temporary period of uncertainty. The cryptocurrency has maintained its range trend, swinging between higher highs and lower lows. As the trend grows, QNT is likely to attract the attention of investors who are looking to hedge their gains. In the meantime, Quant has some exciting announcements that will influence its trend in the coming months.
At the time of writing, the coin is posting relative losses, but its chart data shows that it has found temporary support in the $117 range, which has given it the momentum to push upwards to its current value of $121. With the trend established, QNT is likely to reach the $125-$130 range before drifting into another round of correction. This means that the cryptocurrency may have started a round of consolidation trend.
With further gains on the bull side, QNT could target prices as high as $160 as the recent local high was at $144, which is in the middle range of the coin.
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