Next Cryptocurrency to Explode: Wormhole (W), Artificial Superintelligence Alliance (FET), Shiba Shootout (SHIBASHOOT), Syscoin (SYS), Sun Token (SUN)

Many altcoins are trying to make a comeback as they record significant gains. Meanwhile, Bitcoin (BTC) has returned to $60,000 and is still hoping

Many altcoins are experiencing a踽comeback with substantial gains. Meanwhile, Bitcoin (BTC) has returned to the $60,000 price level, awaiting support for its next significant move. During this consolidation phase, investors should remain vigilant, as it could be an opportune moment to capitalize on a rising trend and identify the next cryptocurrencies poised to explode.

Smart investors are pursuing this opportunity by acquiring positions in promising upcoming tokens, such as the Shiba Shootout, which combines the popular Wild West era with the burgeoning crypto frontier. This article delves into the details of its presale.

1. Wormhole (W)

Currently, Wormhole (W) is trading within a range of $0.23 to $0.4. Over the past week, its price has increased by 10.38%, with a 10.67% rise in the past 24 hours. Despite a noticeable dip last month, the price prediction for Wormhole remains bullish. The coin is trading 0.94% below its recent cycle high but is still 44.50% above the low. Additionally, it has shown low volatility, at 19% over the past 30 days.

Wormhole’s market cap is $611.68 billion, and its 24-hour trading volume is $38.38 million, marking a significant 72.05% increase. This surge in trading volume suggests growing investor confidence in Wormhole’s ongoing developments.

Wormhole is well-regarded for its interoperability platform that supports multichain applications and bridges. It provides access to liquidity and users across over 30 major blockchain networks. This functionality covers various areas, including DeFi, NFTs, and governance, making Wormhole a vital component of decentralized ecosystems.

The Wormhole network is trusted by major players such as Circle and Uniswap. So far, the platform has facilitated over $40 billion in transactions through more than 1 billion cross-chain messages.

Currently, Wormhole is trading below its 50-day simple moving average (SMA). Despite this, market sentiment around Wormhole remains positive. Technical analysis shows that while the coin is trading below the crucial support level of $0.55, the trading chart hints at a potential rebound. With the anticipated bull run, Wormhole’s price could reach $1.

2. Artificial Superintelligence Alliance (FET)

Artificial Superintelligence Alliance (FET) is priced at $0.9, reflecting an 8% increase over the past seven days. Investors are seeing profits supported by positive on-chain data. Notably, the Daily Trading Volume to Profit and Loss ratio has reached its highest level since July 27, at 2.4. Additionally, there has been a significant rise in the number of large holders, or whales, of FET Coin.

Data from Santiment shows that the number of addresses holding between 10,000 and 10 million FET tokens has grown by 16% in just seven days. This group now controls over 37% of the 2.52 billion token supply. The recent drop in Bitcoin’s price has impacted FET’s current value, which is also below its 20-day moving average. For Bitcoin to confirm the continuation of its short-term uptrend, it must close above $63,000. At the time of writing, Bitcoin was trading at $60,940, with many altcoins seeing gains of 5% or more.

FET Coin could benefit from this positive trend. However, if the market turns bearish, FET might retest the $0.7 level, last seen during the drop on August 5. Conversely, reclaiming the $1 threshold could accelerate its rally toward $1.35.

Fetch.ai (FET) teamed up with Ocean Protocol and SingularityNET to form the Artificial Superintelligence Alliance (ASI), a project valued at $7.5 billion. FET alone holds a market value of $2.2 billion. In the last 24 hours, FET has risen by 9.30% and has surged by 332.68% over the past year, now trading at $0.9. With the nearest resistance at $1.0663 and support at $0.5763, FET has the potential for a strong rally if it breaks through these levels.

3. Shiba Shootout (SHIBASHOOT)

Shiba Shootout is a meme coin project that transports its community to a Wild West-themed digital world, offering more than just a typical cryptocurrency investment. By blending creativity, competition, and community spirit, it provides an engaging and immersive experience.

The project boasts several innovative features designed to keep its community actively involved. For instance, the Posse Rewards referral program encourages users to expand the