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Cryptocurrency Trends: TOSHI, VENOM, OM

The next cryptocurrency to explode

Furthermore, the bullish trend favors mature cryptocurrencies and opens the door for pre-sale cryptocurrencies to post exciting numbers.

1. TOSHI

Toshi, a popular cat meme coin based on BASE, is making waves in the crypto space. As the Base chain has grown in prominence, the price of the token has recently increased by over 183%. Likewise, TOSHI responded to the return of the bull market with a 33% price increase in the past 24 hours.​

Despite the sharp price increase, many believe TOSHI is largely undervalued, with a market capitalization of $255 million. Therefore, the asset’s price is expected to rise further in the coming days. According to the technical indicators of the TOSHi chart,

The cryptocurrency’s short-term moving average is over 20% below the current price on the daily timeframe, indicating that the market is relatively bullish on the coin’s potential.​

Additionally, readings from the MAC indicator suggest there is still more bullish sentiment ahead. Other oscillators applied to the TOSHI chart also show the same signal. Ultimately, token holders may witness a stunning rise in price in the coming days.​

On the other hand, TOSHI could see a sudden reversal in the coming days. At the time of writing, the Relative Strength Index of the coin’s published value indicates that the coin is oversold. Therefore, holders should expect a brief sell-off before continuing the next leg of the rally. Overall, the growing popularity of Base Chain makes TOSHI one of the next explosive cryptocurrencies.​

2.VENOM

According to a post on its official Twitter, Venom was listed on OKX yesterday and is officially available for trading. The coin has been in the news recently for its airdrop and testnet offers. However, it recently moved to mainnet and received additional listings on major CEXs.​

Venom’s listing has caused the asset’s price to surge, with its ATH value at $0.7 yesterday. However, today it opened well below $0.6 and is currently trading around 10% below yesterday’s record. Nonetheless, the price drop creates an opportunity for investors to buy more of the coin as it has the potential to become one of the next explosive cryptocurrencies.​

Generally speaking, Venom is a multi-chain platform that provides developers with tools to create DeFi-related dAPPs and blockchain-based payment infrastructure.Growing interest in cryptocurrencies from institutional investors and governments has given Venom the edge it needs to soar to higher valuations.​

As of this writing, the token’s trading volume has exceeded $145 million, meaning liquidity and demand are growing. Additionally, as it debuts on more CEXs, it is more likely to see significant price increases. Venom should be on investors’ and traders’ watch lists, especially as the cryptocurrency market returns promisingly. Investors seek opportunities to hedge their funds, and upcoming projects like Venom provide opportunities.​

3. OM

Mantra prices have increased by over 254% in the last 30 days. With the growing popularity of the cryptocurrency RWA space, the price of the token has increased significantly. The coin’s price surged further today, rising by more than 10% from yesterday.​

The enterprise platform became a favorite among cryptocurrency investors after successfully securing over $11 million in funding to expand its RWA efforts. The mission of the Mantra team is to bring the global financial system and real-world assets onto the chain, and its first-layer blockchain Mantra is the tool it hopes to realize its dream.​

According to Coingecko’s rankings, Mantra tops the RWA category with a market capitalization of approximately $571 million. At its current growth rate, the coin is likely to cross the $1 billion mark by the end of the year.​

Token technical analysis data shows overall stability across multiple indicators. Additionally, many bullish indicators applied on the chart suggest that Mantra still has room for further bullish gains. Both its moving averages and Macd readings give strong buy signals. As a result, investors expect OM’s price to rise further in the coming days. Conversely, Mantra is trading below its 7-day high, which could force it into a sideways trend or a brief pullback as the coin approaches the $0.9 range.​

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