CoinMarketCap's Top Performers: Walrus Cryptocurrency (WAL) Skyrockets by 12%, Potentially Primed to Be the Next Monumental Cryptocurrency Leap
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The Walrus (WAL) token has skyrocketed by a staggering 12% over the past 24 hours, trading at $0.6016 as of 3:37 a.m. EST. This astounding rise comes after a massive surge in trading volume that reached an impressive $59.2 million.
Following this mind-blowing surge, WAL finds itself on the top of the biggest gainers list on Coinmarketcap, and even its market cap surpassed the $750 million mark. But what triggered this mind-blowing rally?
As Sui prices continue to climb and approach its all-time high, the network is experiencing an increasing popularity. WAL, a decentralized data storage protocol on the Sui blockchain, is one of the latest tokens on the network to explode in popularity.
Walrus Soaring - 48% Uptick Potential?
Taking a peek at the 12-hour WAL/USD chart, we can see some serious bullish energy driving the Walrus price. It broke free from a bullish pennant pattern on April 22, soaring 59.55% to peaked at $0.6964 before encountering a significant resistance.
The WAL price then dropped back down and has tested the 0.5 Fibonacci retracement level at $0.5437 multiple times in the past couple of weeks. The recent price surge is another attempt by WAL to burst through the resistance around $0.6492-$0.6964.
Currently, the Walrus price is resting comfortably at $0.6038 with the 21 Simple Moving Average (SMA) on the 12-hour chart at $0.5870 acting as a dynamic support.
The Relative Strength Index (RSI) stands at 56.36, indicating there's more room to run before hitting overbought territory above 70.
WAL/USDT Chart Analysis (Tradingview)
However, the Moving Average Convergence Divergence (MACD) indicator is sending a bearish signal, with the MACD line (blue) below the signal line (orange). This suggests the Walrus price is in a short-term bearish trend. Volumes are also picking up, which strengthens the case for the breakout above the 0.382 Fib level.
The next resistance levels to keep an eye on are $0.6964, $0.7606, and $0.8586.
WAL's 12% surge and chart breakout paint a rosy picture that suggests bulls are in control. Adding to that, positive indicators further reinforce the notion that the crypto is poised to continue its ascent.
On another front, the presale for Best Wallet (BEST) is bringing a ton of attention. Prominent crypto analyst ClayBro, with over 136K YouTube subscribers, has made a bold prediction that BEST could soar 10X post-launch, citing the growing demand for utility tokens.
Best Wallet Presale Nears $12M - Investors Eye 10X Potential
The non-custodial, multi-chain wallet has managed to raise over $11.9 million in its ongoing presale, with daily inflows reflecting strong investor confidence.
Launched in late 2024, Best Wallet has quickly gained traction, boasting over 250,000 monthly active users. Its user-friendly interface supports more than 60 blockchains, including Bitcoin, Ethereum, and soon Solana, making it a versatile one-stop-shop for managing diverse crypto portfolios.
Best Wallet also integrates with over 200 decentralized exchanges (DEXs) and 20 cross-chain bridges, ensuring competitive trading prices and seamless transactions.
What sets Best Wallet apart is its ecosystem, powered by the BEST token. Token holders enjoy benefits such as reduced trading fees, enhanced staking rewards (currently offering a dynamic 124% APY), and governance rights.
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- Best Wallet (@BestWalletHQ) April 23, 2025
The wallet's "Upcoming Tokens" feature is a game changer, and it has already highlighted presale gems like Pepe Unchained (PEPU), which skyrocketed 700%, and Catslap (SLAP), which catapulted 7,000% during its peak.
Best Wallet also caters to iGaming enthusiasts. It offers exclusive perks like free spins and deposit bonuses through partnerships with the top platforms. Its crypto debit card, Best Card, enables real-world spending as well, while fiat on-ramping via MoonPay and Alchemy Pay supports over 100 currencies.
Security is a top priority, with Best Wallet employing Fireblocks' MPC-CMP technology and undergoing a Coinsult audit, confirming its robust code. No KYC requirements further enhance user privacy, appealing to Web3 purists.
With the presale nearing the $12 million threshold, investors can purchase BEST via the official website or app using ETH, USDT, or a bank card.
Priced at $0.024975, BEST tokens are set for a price hike in around 11 hours. Therefore, investors who want to secure the best possible presale rate should act quickly.
Visit the Best Wallet website to learn more.
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- The latest token on the Sui blockchain to explode in popularity is the Walrus (WAL), a decentralized data storage protocol.
- In the past 24 hours, the Walrus token has surged by 12%, with average trading volume reaching $0.24975 million.
- With the recent surge, the WAL token exchanges have witnessed a significant increase in trading activity as it aims to break through the resistance around $0.6492-$0.6964.
