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The altcoin market looks promising, and many altcoins are recording gains. Bitcoin (BTC) is still struggling to return to its all-time high of $70K, hoping to find support for its next big move. Investors need to stay alert during this consolidation phase, as it could be a chance to catch a ride on a rising trend.
Prices of these various assets are climbing, even before the market takes off entirely. That is why today’s article is dedicated to identifying the next cryptocurrencies to explode and inform investors and traders about each token.
Next Cryptocurrency To Explode
Smart investors are moving to capitalize on the boom in the altcoin market and taking positions in upcoming tokens like the Crypto All-Stars. The project aims to revolutionize the meme coin space with its groundbreaking MemeVault Ecosystem. This post covers the details of its presale.
1. Klaytn (KLAY)
Klaytn, developed by the leading Korean IT company Kakao, is a global Layer 1 public blockchain designed to support the future of the on-chain world. Known for its low transaction latency, enterprise-grade reliability, and developer-friendly environment, Klaytn offers a seamless experience for both users and developers.
Since its launch in June 2019, Klaytn has been driving the mass adoption of blockchain technology across various sectors, including DeFi, real-world assets, entertainment, gaming, and even the Bank of Korea’s CBDC pilot project. Today, it is one of the few globally competitive Web 3.0 ecosystems originating from South Korea, generating over 1 billion transactions across more than 300 decentralized applications.
KLAY is priced at $0.1512, reflecting a 3.23% increase in the last 24 hours. Its market cap has grown by 3.59% to $574,731,315, while the trading volume has surged by 33.76%, reaching $30,711,961. The sentiment around KLAY is neutral, with a Fear & Greed Index at 31 (Fear). However, the significant rise in daily trading volume indicates increased token transactions, suggesting growing optimism for an uptrend.
🚀 Exciting news! #Kaia DLT Foundation is officially incorporated in the Abu Dhabi Global Market (#ADGM). This milestone sets us up to lead Asia's largest #Web3 ecosystem. Stay tuned for our mainnet launch details next week! Read more👇https://t.co/mqS0likugF #kaiadltfoundation pic.twitter.com/bnC1sc5kZE
— Kaia (prev. Klaytn & Finschia) (@KaiaChain) August 16, 2024
With strong fundamentals and the support of a dedicated crypto community, KLAY has the potential for significant growth in the future. If the current bullish trend in the crypto market continues, the average price of KLAY could remain around $1.5. However, if the market experiences a downturn, the cost of KLAY might drop to as low as $0.08 in 2024.
2. SuperRare (RARE)
SuperRare (RARE), the native token of the NFT marketplace, experienced significant volatility last week. The token started strong with a 34% surge but then faced a three-day decline from August 12 to 14, dropping by 18%.
Despite the bearish sentiment in the broader crypto market, SuperRare saw a remarkable 77.89% increase within the past day, with a trading volume reaching $579.54 million. Additionally, the token surged over 250% in the past week and has a year-to-date (YTD) return of 108.29%. The rebound on August 15 triggered a spike in social volume, as noted by LunarCrush. This renewed interest helped RARE sustain its momentum, resulting in a 127% increase over three days and ending the week with a 223% gain.
The Moving Average Convergence Divergence (MACD) in the one-week time frame shows a flatline, indicating mixed market sentiment. Meanwhile, the Simple Moving Average (SMA) suggests a potential bullish crossover. If RARE surpasses its resistance level of $0.2575, it could test its high of $0.4675. However, if bearish forces take over, the token may retest its critical support level of $0.050.
INNER CIRCLE ✧ INSIGHTS
The first port of call for upcoming releases, presales, preferred pricing, and more…
Dive into the preview below for alpha on upcoming releases, events, market insights, top charts, RARE steals, and genesis mints.
Subscribe on @hypersubxyz for the… pic.twitter.com/2qNrKKYmch
— SuperRare 💎 (@SuperRare) August 16, 2024
Currently, the Relative Strength Index (RSI) stands at 91.14, signaling an overbought condition, which suggests a possible upcoming correction. The Commodity Channel Index (CCI) at 374.45 indicates overbought levels, confirming this outlook. The recent surge has helped RARE surpass the 0.236 Fibonacci level and now aims to maintain its position above $0.30. If RARE holds this support, it may continue to move upward.
3. Crypto All-Stars (STARS)
Crypto All-Stars is making a significant impact in the evolving cryptocurrency landscape. This innovative project aims to revolutionize the meme coin space with its groundbreaking MemeVault Ecosystem. By allowing holders of various meme coins to earn rewards through its native token, $STARS, Crypto All-Stars is setting a new standard in the industry.
The MemeVault Ecosystem represents a major shift in how we interact with meme coins on the blockchain. It’s not just another staking platform but a revolutionary ecosystem that integrates multi-token, multi-chain adaptation for meme coins. This innovative approach promises to transform the meme coin landscape, offering unique opportunities for holders.
Unlike traditional staking protocols, the MemeVault offers a unified system for multiple tokens across blockchains. This breakthrough solves the long-standing issue of limited staking options in the meme coin space. Now, users can stake different meme coins from various blockchains in one cohesive platform.
Excitement is building around Crypto All-Stars as it gains momentum in its presale phase. The project has already raised an impressive $528,137.05 out of its $721,490 target. Currently, the $STARS token is trading at $0.0013911, attracting early investors eager to be part of this revolutionary ecosystem.
The MemeVault’s core design combines the diverse world of meme coins under a single, unified platform. It introduces the world’s first truly unified staking protocol, allowing for multi-token, multi-chain staking of meme coins. This groundbreaking feature opens up participation to holders of all major meme coins worldwide.
Visit the Crypto All-Stars Presale
4. Lido DAO (LDO)
Lido DAO (LDO), a Decentralized Autonomous Organization, has seen a price increase in the last 24 hours, continuing its bullish trend. The altcoin is currently valued at $1.07, with a slight rise of 1.80% in the past day and 4.86% over the past week.
According to data from CoinMarketCap, Lido DAO’s token experienced a significant spike in trading volume, jumping by over 31% to around $309 million. Moreover, its daily trading volume surged by 24.10%, reaching approximately $55.91 million. With a 1.67% growth in market cap, LDO has moved up to the 66th position in market cap rankings.
Over the past week, Lido DAO’s price increase has been driven by growing investor interest and positive market sentiment. LDO has been trading between $1.027 and $1.07, indicating heightened trading activity.
Introducing the Decentralized Validator Vault ft. @mellowprotocol, @Obol_Collective & @ssv_network 🎉
This vault aims to boost the adoption of Distributed Validators via the Lido Simple DVT Module, enhancing network security and increasing overall validator numbers.
The initial… pic.twitter.com/k199y1uyfN
— Lido (@LidoFinance) August 13, 2024
Today, Lido DAO was one of the top gainers, showing a strong uptrend that could signal the start of a bullish period. If this momentum continues, it might break the $1.5 resistance level. A sustained rise could push its value toward $2, possibly reaching $4 in the upcoming bullish cycle.
5. GALA (GALA)
Gala Games is a leading crypto-gaming platform with a market value of $1.6 billion. Despite the many games that have been developed, the token’s price has been underperforming. Recently, Gala Games introduced GalaSwap, a decentralized exchange for tokens on the Galachain. Additionally, they launched Music NFTs (MUSIC), with the official Gala Music token now available on GalaSwap.
Gala is priced at $0.01736 and has seen a remarkable surge of over 1000% since its launch. Over the last 24 hours, trading activity has increased by 123.03%, indicating strong growth. The token is trading well above its 200-day SMA at $0.0192, showing bullish sentiment. With a 14-day RSI of 44.39, the market maintains a neutral stance. Moreover, Gala has demonstrated stability with 15 green days in the last 30, reflecting 50% positivity and a 30-day volatility rate of 8%, highlighting its strong liquidity.
Gala Games shows significant potential, and its price action might soon reflect the platform’s developments. As a decentralized gaming platform, Gala uses blockchain technology to offer various games, including real-time strategy, multiplayer online battle arenas, and role-playing games. Unlike traditional gaming platforms, Gala allows players to own their in-game assets as NFTs and use GALA coins for transactions.
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