Overall cryptocurrency market trends signal the return of memecoin season. Many assets in this category could become the next explosive cryptocurrencies. Memecoins like PEPE, BONK, FLOKI, and more are seeing massive gains as the bull run moves in full swing.
Despite the growing interest in memecoins and DePIN tokens, Bitcoin remains the driving force behind the current bull run. Bitcoin sets the pace of the market, and owning a large amount of Bitcoin can offset any negative impact from ill-timed investments.
1.HBAR
Hedera Hashgraph’s cryptocurrency HBAR surged 100% to $0.18. Major financial firm BlackRock announced on April 13 that it would tokenize its money market funds using the Hedera blockchain. The news boosted HBAR’s price, surpassing its all-time high in April.
Archax (HBAR Foundation) and Ownera (digital asset platform) collaborated to achieve this milestone, similar to Abrdn’s tokenization of its MMF on the Hedera blockchain last year. Abrdn is the largest wealth management company in the UK, adding a world of significance to this move in the cryptocurrency space.
This development spurred a surge in HBAR trading volume to $2.3 billion, a 5,440% increase. This was the first time in two years that HBAR exceeded $0.15. If the bullish trend continues, the rally could set new all-time highs.
The relative strength index (RSI) supports the bullish outlook, indicating that HBAR’s momentum is growing.
After reaching $0.1817, HBAR could target psychological levels such as $0.2000 or $0.3000 if the bullish trend continues. However, this depends on whether HBAR bulls avoid profit booking.
HBAR’s price is currently bullish, with the MACD line above the MACD signal line on the 4-hour chart. Traders should monitor the RSI indicator, particularly any narrowing gap between the RSI and its Simple Moving Average (SMA) line.
2. GIVE
Jupiter has acquired Ultimate Wallet, a company specializing in self-custodial crypto wallets. This strategic move is aimed at enhancing Jupiter's mobile capabilities and attracting a wider user base. Jupiter recently revealed that the integration of Ultimate Wallet marks the launch of its mobile strategy, which is scheduled for beta testing in May.
The acquisition is part of a larger move to expand its presence in the DeFi space. With Jupiter Mobile set to enter beta testing in May, the company is preparing to enter new market segments and tap into the growing demand for mobile-centric crypto solutions.
Furthermore, JUP has shown significant growth momentum over the past six months. Last week alone, the token’s price surged 22.41%, demonstrating strong market activity and investor interest. Jupiter is trading above its 200-day simple moving average and appears poised for further upside potential.
Furthermore, recent price action indicates a bullish trend with Jupiter trading close to its cycle highs. The coin has been in the green for 15 of the past 30 trading days, reflecting positive investor sentiment.
3.TRX
TRON aims to decentralize the Internet infrastructure and enable content creators to freely share their works. TRON uses blockchain technology to build a platform where users can generate, store and own data, advocating for the rights of digital content creators.
Additionally, TRON’s resilience amid recent market volatility is also noteworthy. Despite the volatility, TRON remains an important player in the cryptocurrency market. Currently valued at $0.1138 and up 1.41% today, TRON has performed well and showcased its growth potential. Additionally, TRON has experienced 17 days of gains, accounting for 57% of the period.
However, despite the Fear & Greed Index reading of 72, indicating investor greed, sentiment towards its price prediction remains bearish at the moment. Despite this, TRON still maintains high liquidity, as evidenced by its market cap. TRON’s liquidity remains high, backed by its market cap.
Recent social media announcements indicate that activity on the TRON platform is very high, with total transactions exceeding 7.5 billion. Additionally, TRON has over 226 million total accounts, highlighting its growing user base and transaction volume.
