With Bitcoin holding above $63,000, PYTH, Solana （SOL）, and SUI are emerging as top contenders for the next big crypto rally. This article explores the significant growth and market dynamics of these cryptocurrencies.
Points
- PYTH’s perps trading volume surged tenfold, leading market share on top blockchains.
- Solana （SOL） shows potential for a new all-time
high （ATH） with recent price surges and strong whale activity.
– SUI appears oversold but shows potential for recovery.
– Rollblock’s （$RBLK） innovative structure and rising trading volume highlight its potential to be the next crypto to explode.
As Bitcoin holds above $63,000, crypto investors are relentlessly scanning the market for the next cryptocurrency to explode. PYTH, Solana （SOL）, and SUI have emerged as top contenders for this spot.
PYTH Perps Trading Volume Could 10x in a Bull Run
Pyth network has emerged as the go-to choice for perpetual futures （perps） crypto trading data. PYTH perps trading volume surged tenfold in the past year, shooting from $63 million in July 2023 to $600 million in July 2024, leading the market share for perps trading data on most of the top blockchains, including Solana （SOL） and SUI where it controls 100% of the perps trading volume.
Currently, PYTH is the fourth largest Oracle with about $4.9 billion in Total Value Secured （TVS） – about 9% of the overall TVS. With its organically generated growth tipped to surge by another tenfold in a bull run, PYTH could soon skyrocket.
Solana （SOL） Could Be Bracing for a New ATH
Solana hit a cycle-low of $8 in December 2022 and shot to a high of $210 in March 2024 before dipping to a low of $121 on July 5. However, Solana （SOL） whales slurped the dip, pushing SOL’s price upwards to trade in the $160 region.
Currently, SOL is up over 17% in seven days and could be bracing to smash its 2021 ATH of $259 and set a new one, making SOL an interesting one to watch.
SUI Looks Oversold and Undervalued
SUI didn’t escape the 3-month crypto wipeout that left most cryptocurrencies in a red streak. After peaking at $2.1 in March, SUI entered a bearish run, trickling down to hit a cycle-low of $0.57 on July 5.
However, SUI has seen an increase in crypto trading volume over the two weeks, rocketing over 40% to the $0.8 level. Trading over 61% down from ATH, SUI looks undervalued and could skyrocket in a bull run.
Rollblock （$RBLK）: The Next Crypto to Explode 100x
Rollblock’s native token, $RBLK, has a 1 billion hard cap backed by a weekly token burn schedule to decrease circulating supply and a revenue sharing program that pays rewards to $RBLK token holders. A lucrative staking reward of 30% is also in place to encourage long-term holding while providing liquidity on the platform.
Rollblock’s （$RBLK） growth-focused structure has drawn massive investor interest. The ensuing gold rush has seen crypto trading volume explode to surpass $1.2 million as investors flock into Rollblock’s presale to score this crypto gem at $0.017 in stage 4, prompting analysts to predict $RBLK to be the next crypto to explode 100x when listed in the open market.
Conclusion
PYTH, Solana （SOL）, SUI, and Rollblock （$RBLK） are showing strong signals for significant growth in the current bullish market environment. PYTH’s dominance in perps trading, Solana’s potential new ATH, SUI’s undervalued position, and Rollblock’s innovative tokenomics and revenue-sharing model present compelling opportunities for investors. Keeping a close eye on these cryptocurrencies and understanding their unique market dynamics will be essential for making informed investment decisions.
解説
- PYTH’s rapid growth in perps trading volume indicates its leading position in the market and potential for further expansion.
- Solana’s whale activity and price recovery suggest a possible new ATH, making it a key player to watch.
- SUI’s oversold status presents an opportunity for significant recovery and growth in a bullish market.
- Rollblock’s innovative revenue-sharing model and strong presale performance highlight its potential to explode in value, offering lucrative investment opportunities.