The crypto market is showing bullish signals in early Monday morning trading. That’s despite most markets recording low activity due to the Easter holidays. It indicates that a significant price pump could be coming this week. With such prospects, it is only natural to wonder which is the best cryptocurrency to explode on April 1?
This is the question we seek to answer in this article. To answer this, we focus on cryptocurrencies already pumping or have big news coming up that could see them pump even more relative to the rest of the market.
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Best Cryptocurrency To Explode Today
This section below looks at cryptocurrencies with the most potential for parabolic price runs this week. We take a look at MINU, a meme coin whose developer team has announced that a massive token burn is coming up this week; DogWifHat, whose price momentum is pointing to a potential rally to $10 in the week; and Bitcoin Cash, whose block halving is coming up on April 4. We look at Dogecoin’s rising price momentum as the potential for adoption rises and Toncoin’s sustained momentum as Ton blockchain adoption continues to gain momentum.
MINU (MINU)
MINU (MINU) has been one of the best-performing meme coins this week, and all indicators show that this momentum is likely to continue. That’s because the team behind it has announced that a massive token burn is happening this week.
Minu Swap now on @BNBCHAIN Dapp Bay! https://t.co/95ZddZDhRS
👉After our Dapp integration with BNB Chain, now Minu Swap is also listed there with all the info and links!
🔥Inside this week we will make a BIG burn that will tend to rise our token’s price in the long run!
Be… pic.twitter.com/FlxrP20jIl
— Minu (@minu_coin) March 31, 2024
Like all meme coin token burns that have happened in the past, this could trigger a rally that could easily see MINU gain by 1000% or more in the week. That’s because it will create an imbalance in the supply and demand dynamics at a time when MINU is regaining its market traction. The token burn signals to the market that the MINU team cares about the token and wants to see its value increase over time.
Confidence in MINU is boosted because it completed its Certik audit and was given a clean bill of health. The fact that the total value locked for MINU continues to go up as people use the app to mine BNB makes it one of the hottest meme coins to buy today. With a market cap of under $10 million, this could be a 100X cryptocurrency.
DogWifHat (WIF)
DogWifHat is another top meme coin currently leading the market in gains in early Monday trading. DogWifHat’s momentum continues the strong price action from the last week, which saw it gain by over 300%.
DogWifHat is likely to gain momentum, mainly driven by FOMO, as its price increases with each passing day. With Bitcoin halving around the corner, investors could get the impression that WIF is one of the meme coins that could outperform Bitcoin by orders of magnitude in an all-out bull market. Investors are likely to keep finding DogWifHat attractive because it has impressive tokenomics compared to other meme coins.
Official bulgarian #dogwifhat claimed!
Based owner has a message pic.twitter.com/OgYptBKjcZ
— dogwifhat (@eth_dogwifhat) March 16, 2024
While most meme coins have a supply of a trillion or more and are sometimes inflationary, DogWifHat has a supply of less than a billion tokens. This, and the fact that it has gained considerable traction and recognition in the market, makes it attractive to conservative investors seeking out 5 – 10X gains in this bull cycle.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is another top cryptocurrency that has started the week positively. BCH was up by over 10% in early Monday morning trading, and buying volumes were rising exponentially.
Looking ahead, Bitcoin Cash will likely outperform the broader market this week because of the halving that is coming up on April 4. Like the Bitcoin block halving, this is expected to cut the mining rewards by half and put more pressure on the supply at a time when demand is on the rise.
— Bitcoin Cash Foundation (@BCHF_ORG) March 21, 2024
With FOMO buying on the rise ahead of the halving, the odds are high that Bitcoin Cash could gain by 50% or within the week. Analysts are predicting that after the halving, and the fact that the Bitcoin halving is coming shortly after, BCH could be headed to highs of $5000 or more. All these factors make Bitcoin Cash one of the most undervalued cryptocurrencies today.
Dogecoin (DOGE)
Dogecoin (DOGE), like the other cryptocurrencies on this list, has started the week on a positive note. In early Monday morning trading, Dogecoin was up by more than 10% and was gaining upside momentum.
Dogecoin’s rising momentum has much to do with the fact that it now has a real shot at being used as an everyday currency, breaking away from its current image as another meme coin. That’s because the Dogecoin developer team has developed a wallet that allows businesses to integrate DOGE into their payment systems.
Dogecoin GigaWallet v1.0 has been released
Thank you to the early adopters already building great solutions on Dogecoin 🔥
“GigaWallet is a backend service which provides a convenient integration API for platforms such as online shops, exchanges, social media platforms etc, to…
— Dogecoin Foundation (@DogecoinFdn) March 26, 2024
Given that this happened at the beginning of what could be the crypto mega bull run, DOGE could see a sustained increase in buying momentum throughout the week.
Toncoin (TON)
Toncoin (TON) is another top crypto performer that is currently showing bullish signals. TON has had an impressive run, up 117% in the last month. Toncoin is likely to continue its remarkable run this week for two reasons. The first one is rising bullish momentum across the market.
Since Toncoin is one of the cryptocurrencies that have already shown bullish signals, more investors will likely gravitate towards it as the Bitcoin halving draws nearer. Then, there is the fact that Toncoin has robust utility. It is the token to raise funds for projects launching on the Ton blockchain. It is the cryptocurrency used to pay channel creators on the Telegram social messaging platform. Combining hype and utility makes Toncoin a high-potential cryptocurrency to buy today.
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