The overall cryptocurrency market outlook indicates that a strong Base chain wave is coming. Assets in the network are likely to see significant price increases over the next quarter. Some of these coins have already posted trends that position them as the next explosive cryptocurrency.
Coinbase’s ownership of the Base chain provides the network with the fuel it needs to sustain its growing rally. As of this writing, the chain’s social mentions have increased dramatically. Additionally, traders, influencers, and investors are taking advantage of this opportunity.
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Meanwhile, while the market waits for the fundamental wave to take effect, newly launched projects remain the cryptocurrency market’s top cash cows. SPONGE is one such project, with prices increasing by more than 1,000% since its launch this quarter. Details of its price changes were also included in the post.
1.AERO
AERO is quickly becoming Base Chain’s favorite token. Since the announcement of the Coinbase stake in late February, the project’s price has increased by more than 900%. In the past 24 hours, the asset’s price has increased by more than 30%, and trading volume has increased by 300%. The coin’s growing popularity provides it with the hedging capabilities it needs to outperform many coins on the market today.
Additionally, the growing popularity of the BASE chain is part of the reason for the rise in AERO token value. As the hype surrounding the BASE chain continues, it may affect the value of the AERO token. Ultimately, AERO is likely to maintain its position at the top of the list of cryptocurrency gainers.
Beyond the Base Chain hype, the performance of the AERO token in the coming months will likely be affected by its growing TVL value. According to a post on its official Twitter account, its TVL value is gradually approaching the $1 billion mark. The overall attractiveness of its growing TVL to investors will be the catalyst for the next phase of its upward trend. Therefore, it is best to pay attention to the AERO trend and see how it develops in the coming months.
In addition, it is worth noting that AERO has not yet appeared on major CEX platforms other than Coinbase. The token’s landing on CEX is another catalyst worthy of attention. After reaching major exchanges, the coin price may trend parabolically.
2.FTM
Fantom’s decision to reduce the impact of the Multichain Foundation’s 2023 vulnerability on its holders has finally paid off. Based on the current price action of the FTM token, investor confidence in the asset is restored, especially if it breaks above the $0.91 resistance level. As of this writing, FTM's price is just over $1.1, which brings its gain over the past 30 days to approximately 169%.
However, FTM is likely to keep rising rapidly in the coming quarters as it sees more upside. The upcoming Sonic upgraded mainnet positions the FTM token as a cryptocurrency to watch. Many believe that the mainnet launch could push the price of the token into the $2 range.
According to an update from its official Twitter account, the Sonic mainnet is expected to be launched at the end of March or early April. Therefore, investors looking at FTM should pay close attention to its price action, as it could become the next explosive cryptocurrency.
Nonetheless, its technical analysis data shows that the coin is currently near overbought territory, meaning it may soon face a brief pullback before heading into its next leg higher.
Overall, if FTM breaks through resistance in the $1.2 to $1.3 price range, there will be few obstacles on its way to reaching ATH value. Instead, investors may wait for an upcoming pullback before deciding on the asset.
3.DOGE
The price of DOGE has increased by more than 41% since it was announced as a payment option for Tesla. DOGE’s price surge made it the eighth-largest cryptocurrency by market capitalization.
Interestingly, DOGE’s rally is far from over, with the token’s price rising by more than 5% early this morning. These gains come from Coinbase’s upcoming international launch of DOGE futures. The release date is set for April 1, and its arrival on Coinbase in the future will most likely lead to a significant increase in the price of the coin.
In addition to the April Coinbase futures listing, April 20 is another key date on the Dogecoin calendar. This day is designated as Governor’s Day to alert the crypto community to interesting angles in the memecoin space. When deciding which tokens to focus on in the second quarter, DOGE should include it on the list of tokens that investors must keep an eye on. Generally speaking, the publicity it will gain from an upcoming event will make it explosive.
Most importantly, the event will spark a new wave of interest in the asset, as memecoins are known to react positively to such events. Ultimately, investors who get involved early may see a substantial return on their investment.
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