This week, Bitcoin maintains its steady rise toward $100,000, while Ethereum and XRP highlight their resilience. Alongside, emerging tokens like Thena and BASE showcase explosive growth, driven by strategic ecosystem advancements and partnerships. Let’s delve into the latest updates from trending coins, including IOTA, SKALE, and MultiversX, to understand the factors behind their momentum and market sentiment.
Let's look at what cryptocurrencies are trending this week and why.
BASE (BASE)
Price Change (24H): +13.57% Current Price: $0.00001515
News BASE, the first native decentralized exchange (DEX) on the Base network, has experienced significant growth due to ecosystem developments. In 2024, $BASE became deflationary, aligning with its tokenomics strategy to reduce supply. Liquidity for the $BASE/ETH pair surged by 1000%, increasing its accessibility and trading volume. A Buyback and Burn program removed 13 billion $BASE tokens, valued at $170,000, reducing its circulating supply. Furthermore, $BASE trading is now live on Uniswap, broadening its reach. These advancements reflect Coinbase's broader objective to drive Web3 adoption through its Layer-2 network, Base, which bridges decentralized applications and traditional finance.
Forecast BASE is currently trading at $0.00001515, with immediate resistance at $0.00001650. If this resistance level is broken, the next target could be $0.00001800, driven by increased trading activity and ecosystem adoption. On the downside, support is observed at $0.00001300, which could act as a stabilization point in case of a pullback. Technical indicators suggest bullish momentum in the short term, with the potential for BASE to test $0.00002000 if liquidity growth and ecosystem expansion continue. However, traders should remain cautious of broader market conditions, which could influence price volatility.
HARMONY (ONE)
Price Change (7D): +50.47% Current Price: $0.02645
News Harmony (ONE) has gained significant traction, recording a sharp 50.47% increase over the past week. This price surge is fueled by its active engagement in the "Hearts & Brains: AI’s EQ vs IQ!" campaign, launched in partnership with Pear AI and other innovative projects. The campaign promotes AI's potential, offering community members exclusive perks like airdrops and bonus credits through Galxe. This increased community engagement has coincided with growing developer activity and attention to Harmony's scalable infrastructure, which supports decentralized applications (DApps) with its efficient random state sharding technology. Harmony's vision of cross-shard contracts and cross-chain infrastructure is increasingly aligning with broader market trends in interoperability and scalability.
Forecast Harmony (ONE) is showing strong bullish momentum, with the next resistance level expected at $0.030. If the coin breaks this threshold, it could test $0.035 in the near term. On the downside, the support level is at $0.022, where it may stabilize if market sentiment shifts. Technical indicators suggest sustained upward potential, particularly with continued community engagement and platform development. However, broader market conditions will also play a critical role in shaping the coin's trajectory.
THENA (THE)
Price Change (7D): +1329.42% Current Price: $2.85
News Thena (THE) has experienced an explosive rise of over 1329% in the past week, driven by multiple significant developments. Thena was listed on Binance Spot and Bybit Futures, boosting its visibility and liquidity. Additionally, the introduction of new lending pools on the Thena V2 platform for USDT, BNB, and Tarot pairs has contributed to increased ecosystem utility. Partnerships with platforms like Beefy Finance and Orbs Network have expanded its reach in DeFi. The launch of high-yield vaults offering up to 470% APR and new staking pools further encouraged investor participation. Thena also introduced new token pairings, such as the GLD/BNB pool, and distributed airdrops via Binance's HODLer campaign, solidifying its position as a prominent player in decentralized finance.
Forecast THENA is trading at $2.85, with the next resistance level at $3.50. Breaking this could lead to a rally toward $4.00 in the short term. On the downside, strong support exists at $2.20, providing stability during market corrections. The high trading volume and active ecosystem developments indicate sustained bullish momentum. However, investors should monitor market conditions and announcements for potential volatility in the token’s price.
AMP (AMP)
Price Change (1D): +1.66% Current Price: $0.007261
News
Amp has shown steady performance as it continues to enhance its utility as a collateral-as-a-service protocol. Recently, the Flexa Network announced that AMP-powered payments are now available across thousands of stores and restaurants in the U.S. via the Zashi app, promoting broader adoption of its transaction security platform. Amp’s unique framework of collateral partitions and collateral managers, which ensures fast, efficient, and secure transactions, is gaining traction. Analytics also indicate strong whale confidence, with 68.28% of holdings controlled by whales, reflecting continued faith in Amp's potential to support diverse asset collateralization use cases.
Forecast Amp is currently trading at $0.007261, with immediate resistance at $0.00750. If this level is breached, the next target could be $0.00800. On the downside, support is seen at $0.00700, which could stabilize the price if selling pressure increases. With increased utility and adoption through platforms like Flexa, Amp is positioned for gradual growth, though broader market dynamics will influence its trajectory.
SolarX (SXCH)
Price Change (7D): +48.18% Current Price: $0.03021
News SolarX (SXCH), the world's first eco-friendly cryptocurrency miner powered by renewable solar energy, has experienced a significant price rise of 48.18% over the last week. The platform recently reached a major milestone, crossing 5,500 holders, reflecting growing community adoption. Additionally, the SolarX ecosystem introduced miner hosting services, enabling users to enjoy the benefits of home mining without the associated hassle or costs. Sneak peeks into the SolarX App revealed multiple new features, including token mining, a launchpad, and exclusive bond options, further expanding the ecosystem's functionality. SolarX continues to innovate by providing sustainable, scalable, and secure mining solutions for decentralized projects.
Forecast SolarX is currently trading at $0.03021, with immediate resistance at $0.035. If this level is surpassed, the next target could be $0.040 in the short term. On the downside, support is found at $0.025, which could stabilize the price during a correction. The platform's focus on sustainability and the expansion of its ecosystem, combined with increased adoption, positions SolarX for continued growth. However, market conditions and project developments will remain key factors in determining its long-term trajectory.
Echelon Prime (PRIME)
Price Change (7D): +43.94% Current Price: $11.56
News Echelon Prime (PRIME), the native token of the Echelon Prime Foundation, has witnessed significant growth, climbing by 43.94% in the past week. The token's performance is fueled by multiple ecosystem developments, including advancements in the B3 Open Gaming ecosystem, which promises enhanced scalability, flexibility, and seamless integration of gaming experiences. The ecosystem's first game, Parallel, recently won several accolades at the GAM3 Awards, further driving interest in PRIME. Echelon is also leveraging industry partnerships with top Web3 and ETH contributors to build a robust gaming framework, ensuring PRIME's utility extends beyond governance to supporting a dedicated blockchain gaming network.
Forecast PRIME is currently trading at $11.56, with immediate resistance at $12.50. If this level is surpassed, the next target could be $13.50 in the short term. On the downside, strong support is observed at $10.50, where it could stabilize during market pullbacks. The increasing adoption of PRIME in Web3 gaming, coupled with ongoing ecosystem developments, suggests bullish momentum. However, market sentiment and broader crypto trends will play a key role in shaping its future price movement.
IOTA (IOTA)
Price Change (7D): +25.59% Current Price: $0.2588
News IOTA has gained significant momentum over the past week, with its price climbing by 25.59%. The IOTA Foundation announced the IOTA Rebased Protocol, which includes groundbreaking enhancements such as support for 50,000+ TPS, EVM and MoveVM integration, and deflationary tokenomics. These upgrades aim to ensure scalability, resilience, and decentralization of the IOTA network. Additionally, the integration with Blast API, enabling seamless Web3 interoperability and connecting IOTA to over 100 blockchains, has driven Total Value Locked (TVL) to exceed $300 million. The IOTA Foundation is preparing for a governance vote to finalize the transition of the Rebased Protocol to mainnet, set to launch in early 2025.
Forecast IOTA is trading at $0.2588, with immediate resistance at $0.2700. If this level is breached, the next target could be $0.2900 in the short term. On the downside, strong support is observed at $0.2400. The ongoing developments, including advanced interoperability and an aggressive push toward decentralization, position IOTA for further growth. However, the success of the governance vote and broader market trends will play pivotal roles in shaping its long-term price trajectory.
SKALE (SKL)
Price Change (7D): +47.51% Current Price: $0.07825
News SKALE Network has surged by 47.51% over the past week, driven by its recent listing on Bithumb, South Korea's largest crypto exchange, and its inclusion in Coinbase's COIN50 index, which recognizes the top 50 crypto assets. SKALE's modular blockchain architecture enables developers to run unlimited, fast, and gas-free blockchains, which continues to attract significant attention from decentralized app developers, especially in gaming and content streaming. The platform's emphasis on scalability and decentralization while maintaining robust security has made it a key player in Ethereum Layer 2 solutions.
Forecast SKALE is trading at $0.07825, with immediate resistance at $0.08500. Breaking above this level could lead to a test of the $0.09500 range in the near term. On the downside, support is observed at $0.07000, which could serve as a stabilization point during corrections. The ongoing adoption of SKALE's technology, coupled with strategic listings and growing use cases, suggests a bullish outlook. However, market sentiment and broader Ethereum ecosystem developments will be crucial for its trajectory.
MultiversX (EGLD)
Price Change: +24.02% (7-day) Current Price: $41.56
News: MultiversX is experiencing significant ecosystem growth and institutional developments. Notably, Dr. Greg Siourounis, a former SUI Foundation Managing Director, has joined xMoney Global (part of the MultiversX ecosystem) as Co-Founder and CEO, with a focus on building a MiCA-compliant euro stablecoin and payments infrastructure. Furthermore, MultiversX announced several key updates, including the successful upgrade of Bridge V3, the addition of 30+ new tokens for direct purchase via xPortalApp, and a new governance proposal for the ecosystem's strategic fund. Additionally, it was one of the 12 digital assets that Upbit announced to add to its USDT market. These moves are aligned with its mission to strengthen its position as a top-tier blockchain in the global market.
MultiversX's Twitter account also surpassed 250K followers, reflecting growing community engagement. The network continues to build its foundation with SDK-core updates, supporting over 80,000 weekly downloads, and expanded ecosystem functionalities.
Forecast: MultiversX (EGLD) is testing its critical resistance at $42. If this level is breached with strong volume, the price could move toward $46-$48 in the near term. Support levels are identified at $38 and $36, where buyers are likely to step in during pullbacks. With increasing ecosystem upgrades and regulatory compliance developments, EGLD demonstrates bullish potential, especially as adoption of its technology broadens. Long-term price targets suggest potential movement toward $50+ if current momentum persists.
Closing Thoughts
Significant advancements in scalability, ecosystem development, and strategic alliances are just a few examples of how the cryptocurrency industry is always changing. The crypto market is proving that diversity and innovation are driving its trajectory, with Bitcoin's consistent dominance and the remarkable surges in Thena and BASE serving as prime examples.
Blockchain technology has the ability to revolutionize various industries, as shown by projects such as IOTA and MultiversX.
Meanwhile, efforts from the community and positive regulation are driving adoption of this technology. In the future, the crypto space will continue to be a hub for innovation and opportunity thanks to the integration of decentralized ecosystems with cutting-edge technologies.