Bitcoin is the talk of the town again, as it always has been. It hit the highly anticipated previous all-time high price level of $69K and is currently trading at $72K. The massive pump in the BTC price came in the wake of the Bitcoin ETF buying spree, during which prominent institutions sold billions of dollars worth of ETFs. Now that the cryptocurrency has already revisited the previous high, analysts believe there’s a long journey ahead.
Bitcoin halving is considered a crucial event that triggers a rally, and it’s still a month away. The sentiment is strong that BTC may hit $150K in trading price following halving. There is a high probability of a bull market following the halving; the rally is expected to be led by Bitcoin. The $EOS, $MNW, and $DCK tokens will be the closest followers, where these tokens will go 3X while the $BTC price will double from the current price.
EOS ($EOS)
EOS price is on an uptrend, currently trading at $1.21, jumping over 60% over a month. The price has cleared vital resistance and Fibonacci retracement levels, indicating bullish momentum. Immediate support lies near $1.04, with further support at $0.980; however, a break below $0.980 could test the $0.92 support. Overall, technical indicators suggest a positive outlook for EOS price, potentially reaching levels around $1.100 and $1.145 in the near term.
EOS is a blockchain platform designed to develop decentralized applications (dApps). It emphasizes scalability, user-friendliness, and flexibility for developers and uses a delegated proof-of-stake (DPoS) consensus mechanism to achieve high transaction speeds and efficiency.
The $EOS token powers the EOS network, serving as a utility token that enables users to access network resources, participate in governance through voting for block producers, and interact with dApps on the EOS blockchain. The EOS ecosystem aims to be a decentralized operating system that supports commercial-scale applications without sacrificing performance.
Morpheus.Network ($MNW)
The MNW token is native to Morpheus. The network has exhibited significant growth, with its price surging by over 50% over a week to $1.74. The technical analysis highlights a bullish outlook, with the 50-day SMA at $1.12 and the 200-day SMA at $1.19, indicating an impending golden crossover. The MACD stands near zero, suggesting neutrality, while the RSI at 82.49 signals bullish solid sentiment.
These indicators, alongside moving averages, present strong buy signals, hinting at a potential 5x price surge. Morpheus.Network, recognized for enhancing supply chain efficiency with blockchain, supports this growth potential through initiatives like its high-yield masternodes program.
Morpheus.Network distinguishes itself as a pioneering middleware platform in the supply chain SaaS sector, spearheading advancements in supply chain management by boosting efficiency and transparency across the shipping process. It addresses critical issues such as logistical inefficiencies and the proliferation of counterfeit goods, gaining recognition and support from prominent industry leaders and organizations. Its esteemed client list features significant players such as UAE’s Gulftainer, Canadian retail behemoth Sobeys, global beverage powerhouse Coca-Cola, FCL, and Marsh Insurance.
Garnering selection by the governments of Brazil, Uganda, and Argentina to enhance their agribusiness supply chains, Morpheus.Network demonstrates its worldwide influence. It is backed by leading tech accelerators like Google Accelerator Canada and Microsoft’s Startup Founder Hub. It is enriched by the expertise of a UN supply chain expert within its ranks. This underscores its dedication to delivering superior supply chain solutions, as highlighted by its integration with SAP.
Central to the platform is its masternode program, which bolsters the blockchain’s security and scalability. Masternode operators commit 1800 $MNW tokens for staking and can receive up to 18% APY in rewards, showcasing the project’s commitment to merging cutting-edge technology with compelling economic benefits.
DexCheck ($DCK)
DexCheck has significantly established itself in the AI sector, with its AI-driven protocol witnessing a remarkable 800% increase to $0.16 from $0.02 in 2023. All metrics mirrored this growth, including the count of $DCK holders. Despite the impressive surge, with a current market cap of $28 million and a ranking below the top 900 cryptocurrencies, DexCheck shows potential for further growth.
The deployment on PulseChain, a 10 million $DCK token burn program, and over 13% of the total supply locked in staking indicate solid fundamentals and a proactive team. Alongside its initial token offering launchpad successes, DexCheck’s expansion and innovative solutions hint at promising prospects, making it an undervalued opportunity in AI and crypto.
Dexcheck operates in the cryptocurrency space, focusing on providing users with comprehensive tools and analytics for decentralized exchange (DEX) platforms. By offering insights into liquidity, token metrics, and trading patterns, it aims to enhance user experience and security in the DeFi ecosystem.
$DCK token is integral to the Dexcheck platform, facilitating transactions, accessing premium features, and incentivizing community participation and content creation. Through $DCK, Dexcheck aims to build a more transparent and user-friendly environment for DeFi enthusiasts, promoting safer and more informed trading decisions within the rapidly evolving decentralized finance landscape.
