Altcoin
Next Cryptocurrency to Explode After SEC Takes SAB 121 Out & Ethereum Could Shoot to $7K
The new US SEC team under Donald Trump’s leadership has revoked SAB 121, a crypto account regulation that has required financial entities to treat crypto holdings as liabilities on their balance sheets since March 2022.
Because this shines a light on Ethereum, ERC-20 tokens might be the next cryptocurrency to explode.
SAB 121’s closing is a big deal as it’ll likely spur more TradFi companies to explore DeFi. Partly owing to Ethereum having the most significant TVL at $67.387B, an analyst predicts it will reach $7K.
Another factor pushing Ethereum coins forward is Etherealize, an Ethereum Foundation-backed marketing firm that educates institutions on the network.
Such news, combined with $ETH spiking by 6.5% since yesterday, suggests a thriving future for both $ETH and ERC-20 tokens, like $WEPE, $MIND, and $MEMEX.
1. Wall Street Pepe ($WEPE) – Insider Information for Crypto Degens
Wall Street Pepe ($WEPE) is a frog coin that’s on a mission to capitalize on Pepe’s $6.5B market cap. However, unlike its predecessor, it has real-world utility: exclusive trading insights for degens.
By offering small crypto investors trading tactics of the Wolf of Wall Street, $WEPE aims to help them out-trade crypto whales, which manipulate the market for selfish gain.
Beyond receiving game-changing strategies, $WEPE holders can share their own fruitful ones, for which they receive rewards. About 15% of the project’s total token supply is strategically set aside for this.
More $WEPE can also be won through staking, and 12% of the total supply goes toward it.
Considering $WEPE’s price has already increased by 83.25% from $0.00020000 to $0.0003665 and that we predict its price to reach $0.0013 (a 254.71% rise) by this year’s end, there’s no better time to buy the coin on presale than the present.
2. MIND of Pepe ($MIND) – AI Agent Dishing Out Crypto Trading Tactics
MIND of Pepe ($MIND) is another frog coin building on Pepe’s achievements. In just 48 hours of going on presale, it surpassed $1.8M.
Albeit similar to $WEPE in the sense that it also grants token holders exclusive trading insights, it differentiates itself by leveraging AI.
The AI agent token scans crypto Twitter (X) to find out what’s hot and what’s not in the crypto realm. It then shares its findings with token holders, helping them gain a competitive edge in the blockchain market, which is forecasted to reach a whopping $1,000T by 2032.
Early adopters can gain exclusive insights into the ever-expanding Web3 market by purchasing $MIND on presale (currently for just $0.0031889) and through staking, with a current 626% APY.
Its staking initiative and the 20% $WEPE allocations to marketing and 30% to development also boost its sustainability, contributing to its high chance of long-term success.
3. Meme Index ($MEMEX) – Meme Indexes Catering to All Risk Appetites
Meme Index ($MEMEX) is another attractive Ethereum-based investment that aggregates industry-wide exposure into four curated meme coin indexes.
The meme coin baskets range from low to high volatility, giving holders the chance to access ones that suit their investment needs.
For instance, Titan offers insights on the top ten meme coins with the greatest market caps, which are less risky because of their high demand.
On the other hand, the Meme Frenzy Index highlights the most high-risk investment options with significant returns.
The Meme Index you pick really depends on where your risk tolerance lies.
Besides its dynamic baskets, $MEMEX is a governance token, which allows token holders to have a say on the Meme Index ecosystem’s future path. They can vote on meme coins to be included in the baskets and on future developments to bring the coin to rosy pursuits.
It also has an attractive staking incentive, with a commendable 821% APY granting stakers passive income every three years.
Plus, security-conscious investors can rest easy. The smart contracts of these governance and staking functions are fully audited to ensure a secure and transparent experience.
$MEMEX could be the next coin to 100x. This is especially true when considering that it’s straightforward to buy on presale (currently at $0.0155312). We predict it could reach $1.75 by 2030.
4. Onyxcoin ($XCN) – Help Build DeFi Services From the Ground Up
$XCN is the backbone of Onyx Core, a blockchain infrastructure that helps build DeFi services from start to finish on the Ethereum blockchain.
Ultimately, it enables developers and businesses to launch and operate their own networks so they can move digital assets worldwide in a breeze.
What makes it stand out further is its compatibility with other independent networks and digital assets, leveraging each of their benefits to modernize TradFi systems.
$XCN has three major roles in the ecosystem. First, it’s a governance token, giving token holders a say in its future direction. Second, it’s used to pay for Onxy and Chain.com’s services.
Last but not least, it can be staked with a 30.62% APY – $50.89M has already been staked.
The coin’s use cases have supported its uptrend. Since last week, it has jumped by 205%, bringing its price to $0.02319.
5. Ondo ($ONDO) – Vote on a DeFi Protocol’s Financial Tools
The next cryptocurrency to explode could be $ONDO, a governance token that enables holders to vote on how its DeFi protocol leverages top-not financial tools.
Some of the tools and services that Ondo supplies include:
- Liquidity pools that grant users passive income and stabilize the platform
- Crypto loans with fixed rates to help minimize profit loss during market volatility
- Tokenized real-world assets (RWAs), making equities and bonds easily accessible in the DeFi industry.
When taking into account that the RWA market is predicted to hit $30T by 2030, $ONDO is a great entry point to benefit from the upswing.
The coin is valued at $1.51, and its market cap has increased by 16.5% since yesterday to $4.75B.
Each of these tokens benefits from Ethereum’s expansive smart contract capabilities and DeFi applications.
ERC-20 Tokens Might Be the Next Cryptocurrencies to Explode
As $ETH adoption increases, partly due to the SAB 121 coming to an end and Etherealize’s learning materials, ERC-20 tokens might be the next cryptocurrencies to explode because they leverage the network’s benefits (smart contracts, DeFi, scalability, digital ownership).
The coins we discussed offer low-cap entries into the thriving Ethereum ecosystem for less than a fraction of the price.
However, remember that this isn’t financial advice. You must always do your own research before investing in crypto and be willing to lose the amount you spend.
Crypto expert PiMigrate recently predicted that the Pi Network price could reach a new all-time high (ATH) of $5. This comes amid recent whale movements, with these investors moving 41 million Pi Coins off exchanges.
Expert Predicts Pi Network To Reach $5
In an X post, PiMigrate stated that Pi Network’s journey to $5 has just begun. He remarked that the altcoin has very strong support at $0.6. As such, the expert believes that this $5 price target is a “very possible valuation.” PiMigrate added that good utilities will push the altcoin to this target.
Another expert, Moon Jeff, also predicted that the Pi Coin price can reach this $5 target. In an X post, the expert concluded that the altcoin can reach this price target following his analysis.
He alluded to his accompanying chart, which he described as being bullish, indicating that the Pi Network price can indeed reach this $5 target. The chart also showed that the altcoin has formed a strong support level at its current price.
Crypto analyst Xia also recently claimed that the Pi Coin’s momentum is building fast after it surged past the $0.63 mark with strong volume. She also noted that the RSI and MACD are turning bullish for the altcoin.
This bullish outlook for the Pi Coin comes amid recent huge whale accumulation. A Pi community page revealed that these investors moved a whopping 41 million coins (around $27 million) off exchanges in 48 hours. Specifically, these whales moved over 13 million Pi Coins from OKX to several wallets. This presents a bullish outlook for the coin since exchange supply is declining.
Pi Needs To Reclaim This Symmetrical Triangle
While analyzing the Pi Network’s price on the higher timeframe, analyst Alpha Crypto stated that the altcoin needs to reclaim its symmetrical triangle to resume its upward move.
The analyst remarked that once Pi reclaims this structure, market participants can look for a potential long setup. He added that on the flipside, if the price falls outside the triangle, it could open up a short opportunity. Alpha Crypto urged traders to wait for confirmation rather than rushing.
From a fundamentals perspective, top exchange listings could send the Pi Coin price higher. CoinGape recently reported that top exchange HTX had fueled listing speculations with a cryptic post on its X platform. Meanwhile, Pi community members remain hopeful that Binance will soon list the altcoin.
These community members will have their eyes on the Consensus 2025 conference, where Pi Network founder Nicolas Kokkalis will allegedly join an exclusive list of industry players to speak at the event.
Expert Dr. Altcoin described the event as a pivotal moment for Pi Network, as it will provide an opportunity for the Pi team to promote the network’s ecosystem.
At the time of writing, the Pi Coin price is trading at around $0.63, down almost 3% in the last 24 hours. Trading volume is also down over 36%, with $96.34 million traded during this period.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Dogecoin investors have high faith in the future of the meme currency despite its recent price fall, market data showed, Tuesday.
Dogecoin fell to $0.153 as of April 16 after its price reached a high of $0.168 on April 13, down by 3% in the last 24 hours. This is after the recent price hike following US President Trump’s tariff halt declaration on certain countries on April 10.
Long Positions Dominate Market Activity
The mood among traders on Binance is firmly bullish for the future prospects of Dogecoin. Data from Coinglass show that over 74% of trading accounts have long positions in the cryptocurrency, while only 25% going short. This places the long-to-short account ratio at 2.90, proving widespread optimism among traders.
Long positions increased quickly on April 12, which shows that investors expect Dogecoin to bounce back from its present correction period. They are willing to pay premiums to maintain their positions, as evidenced by positive OI-weighted funding rate signals that have remained above zero since April 7.
Long|Short DOGE by accounts. Source: Coinglass
Holder Patterns Indicate Diversified Strategies
IntoTheBlock statistics reveal substantial shifts in the manner by which people are holding Dogecoin. Investors holding DOGE for over a year increased by marginally 0.13%. These types of “hodlers” as they are called within cryptocurrency forums constitute a solid support base for the currency.
Source: IntoTheBlock
In the meantime, mid-term holders (holders of DOGE for one to 12 months) decreased by 2.50%. Short-term traders experienced the largest increase, with addresses holding for less than 30 days rising by 109%. This new trader surge reflects increasing demand for quick profit from Dogecoin price action.
Technical Analysis Points To Future Price Directions
One TradingView account, FuaCompany, has plotted Dogecoin’s movement in what analysts call a rising channel. On the basis of this trend, two general scenarios for Dogecoin’s future price are on offer.
The first scenario shows Dogecoin rebounding from the lower edge of this channel and continuing to trend upwards. This would comply with what occurred before when the price rebounded back from $0.05 to higher levels.
The second scenario entails a temporary drop below the bottom line of the channel, plunging to around $0.08 before surging higher, both scenarios ultimately carrying long term bullish signals, with some projections estimating Dogecoin to even reach $0.70.
Weekly Performance Still Positive Despite Slump
Despite the recent slump, Dogecoin is still positive overall on the week. In fact, the cryptocurrency has shown quite a hefty rise-on-week for about 7.40% during the past week in spite of that dip.
DOGE price up in the last week. Source: CoinMarketCap
The price started off in early April with an initial volatility before strengthening with the Presidential Tariff declaration by Trump. Following the monthly peak on April 13, reaching 0.168, Dogecoin encountered what traders know to be a consolidation phase, where prices continue to trend sideways while forming in preparation for another move.
According to market observers, this pattern of gains and then consolidation is typical in cryptocurrency markets. The strong level of long positions shows most traders view the current price drop as just a temporary hiccup and not the start of a larger bearish trend.
Featured image from CoinFlip, chart from TradingView
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New statistics released by crypto platform Bitso shows that XRP, as a payment option, is gaining traction with Latin American consumers. XRP currently accounts for 9% of all purchases on the platform and is gaining on much older crypto options like Ethereum and Solana. This marks a huge turnaround from 2023 when the token barely registered in an average customer portfolio in Latin America.
Mexican Users Drive XRP Adoption Throughout The Region
Interest in XRP among the Latin American nations was propelled by Mexican cryptocurrency traders. In Bitso’s report, Mexican users applied 10% of all cryptocurrency buying activity towards stocking up on XRP. This pattern occurred as total platform activity slowed, but XRP buying increased significantly against other cryptocurrencies.
Mexican popularity of XRP is noteworthy because Bitso processed substantial volumes of cross-border payments there. According to their reported volumes, Ripple processed $3.3 billion in remittances through their channel with Bitso in 2022 from the United States into Mexico.
Source: Bitso
Portfolio Composition Reflects Drastic Spike In XRP Holdings
In such a context, the report by Bitso brings out the most impressive discovery: the pace with which XRP came to the portfolios of Latin American cryptos. As of 2023, XRP was non-existent in the typical portfolio composition of Latin American Bitso clients. In 2024, that number had risen to 13%, reflecting a seismic change in local investment patterns.
Source: Bitso
This rapid adoption means portfolios of users in the region now include a significant XRP component, despite the token not registering in portfolio stats just a year earlier. The change signals growing confidence in XRP among Latin American cryptocurrency investors.
Bitcoin And Stablecoins Still Dominate Trading Activity
Though XRP demonstrated impressive growth, Bitcoin and stablecoins are still the leading options among Latin American crypto users. Based on the Bitso report, Bitcoin represented 22% of the total purchases on the platform in 2024, a decrease from nearly 30% during the first half of the year.
Stablecoins led all cryptocurrency categories with almost 40% of purchases attributed to these dollar-pegged cryptocurrencies. Stablecoin appeal is probably due to their application as a local currency inflation hedge and entry point for other crypto investments.
Political Changes And Price Performance Drive Interest
XRP’s 230% price appreciation in 2024 – its best since 2021 – also likely helped to make it so popular. The majority of the rally, as per the report, occurred in the fourth quarter of the year.
The hope for XRP seems linked to US political events. The report indicates Donald Trump’s presidential win and SEC Chair Gary Gensler’s resignation spurred new interest in XRP. These triggered expectations of possible regulatory clarity that could favor XRP and its parent company Ripple, which has faced legal battles with US regulators.
Featured image from Pexels, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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