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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 anticipating a 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. Gravity (G)
Last month, Coinbase announced a significant change involving Galxe (GAL) tokens, which will convert to Gravity (G). This transition will happen on the Ethereum network, but users must handle it themselves. Starting on July 9, 2024, an official GAL token transition portal became available and will remain open for at least one year.
Adding Gravity (G) to Coinbase’s roadmap presents exciting opportunities for investors. It offers a chance to get in early with a promising asset, which could bring substantial rewards as the token gains traction. However, there are also risks, especially with the possibility of the token being labeled as Experimental.
Recently, Coinbase expanded its offerings by making Gravity (G) available to New York residents. This move is part of the exchange’s ongoing effort to increase cryptocurrency access across the U.S., including in states like New York. The announcement has sparked optimism, with many expecting a price recovery as investor interest grows.
Join us in welcoming @swing_xyz to Gravity 🌀 https://t.co/GGSm8eMN5s
— Gravity (@GravityChain) September 5, 2024
Since the news, Gravity (G) has experienced fluctuations. It dropped by 6.76% in a week but rose over 5% in the last 24 hours. Currently, the token is trading at $0.033, up 5.80% from its resistance level. Its market cap increased by 5.80% to $238 million, while the 24-hour trading volume surged by 168.99% to $36,369,946. This surge reflects growing interest as traders buy the dip, hoping for a price rebound.
2. Sei (SEI)
Sei (SEI) has seen significant ups and downs recently. From late 2023 to mid-2024, the coin was on an upward trend but has since entered a decline. Its market cap dropped sharply from $2.8 billion to $1 billion. Despite this fall, there is hope for a potential recovery. Currently, SEI is priced at $0.2786, and its market cap and circulating supply suggest stabilizing.
SEI is trading between $0.23 and $0.33, showing some volatility. Over the past month, it has dropped by 2.75%, though it saw a slight rise of 0.68% in the last week. The coin is struggling to break the resistance level at $0.40, but if it does, it could aim for the next target at $0.50, offering a possible 51% gain. On the downside, support at $0.20 provides some safety.
The relentless progress continues!
This week, the Sei ecosystem saw a wave of new integrations, substantial TVL growth, and exciting new community-driven initiatives.
Every corner of the ecosystem is expanding at a rapid pace, showing just how unstoppable this momentum is.… pic.twitter.com/iSotayXBLF
— Sei 🔴💨 (@SeiNetwork) September 6, 2024
Key indicators like the RSI at 60.79 and a neutral MACD point to mixed market sentiment. The 100-day and 10-day simple moving averages are $0.27, reflecting SEI’s unstable but intriguing short-term movements. Known for its fast transaction speeds and growing ecosystem, including play-to-earn and metaverse projects, Sei may offer a good entry point for new investors despite being down 75% from its highs.
3. Crypto All-Stars (STARS)
Crypto All-Stars ($STARS) has raised over $1 million in its ICO, a notable achievement in a slow market. This new meme coin is attracting attention with its impressive staking rewards. Currently, $STARS offers a 1,400% annual percentage yield (APY) and plans to introduce a staking protocol for popular meme coins.
The project aims to provide staking utility for meme coins, allowing holders to generate passive income. This is especially appealing during a market lull. The presale value of $STARS has reached $0.0014305, and further price increases are expected as the next funding round approaches.
Crypto All-Stars will launch MemeVault, a unified staking platform for meme coins. MemeVault will allow investors to stake tokens like $BONK, Dogecoin ($DOGE), and Shiba Inu ($SHIB) in a single pool, earning rewards in $STARS. Holding more $STARS boosts potential rewards, with the chance to triple returns, making the token a valuable long-term investment.
With its rapid fundraising, new investors are encouraged to act fast. To buy $STARS, visit the Crypto All-Stars website to connect your wallet and exchange ETH, USDT, or BNB. The site also accepts meme coins like $FLOKI, $SHIB, $DOGE, and $PEPE, as well as bank card payments.
4. Avalanche (AVAX)
Avalanche (AVAX) is emerging as a strong player in the DeFi space. It is gaining attention for its speed and low transaction costs, making it a competitor to Ethereum. Many decentralized applications are moving to Avalanche due to its performance and affordability. The platform continues to grow, with numerous DeFi projects launching on its network.
Avalanche made a significant market impact, peaking at $65 before falling to $8.6. Despite the drop, a bullish rally brought its price back to $22.92, with a market cap of $9.3 billion. Analysts suggest it could reach $50 by the end of the year, though a bearish trend still poses a challenge.
Avalanche’s ability to connect with other blockchains, including Ethereum, gives it a competitive edge. AVAX has strong fundamentals, and its growing network offers long-term potential for investors.
Build and deploy an Avalanche L1 on testnet using $USDC as gas, and compete for Bounty9000 🫡 https://t.co/r3Rf4DNozT
— Avalanche 🔺 (@avax) September 6, 2024
Recent price movements have challenged the death cross, and a wedge breakout hints at an upward trend. Fibonacci levels indicate AVAX could reach $42 or the 50% Fib level. AVAX could rise to $60 if the trend reverses, making it one of the top-performing altcoins.
In addition, PRESSMAN FILM and Republic use Avalanche’s technology to tokenize films, offering investors a unique behind-the-scenes look at filmmaking. This collaboration adds a creative use case to the platform.
5. Fantom (FTM)
Fantom (FTM) faced a sharp drop four days ago due to concerns about its scalability and real-world use. The token fell 6.61% to $0.3913, bringing its market cap down to $1.09 billion. Trading volume surged 29.62% to $116.5 million, signaling heavy selling pressure. However, things have taken a positive turn since then. FTM has risen over 5% in the past 24 hours, pushing its market cap back above $1.1 billion.
Despite this recovery, FTM still faces resistance at the 20 and 50-day SMAs. Earlier this week, the token dropped nearly 9%, and sellers are trying to keep the price down. The RSI is just below 50, showing a slightly bearish trend, but this could shift soon.
The month of August in just a few words? Partnerships… Partnerships and launches.
💥 Sonic Boom Airdrop Program
🔥 @AndreCronjeTech CTO
🚀 The Road to Sonic
💻 Sonic TestnetRead the #Sonic Insights newsletter:
🔗 https://t.co/PIl1tSeKw7 pic.twitter.com/DMnfOk5Z4i— Sonic Labs (prev. Fantom) 💥 (@0xSonicLabs) September 6, 2024
Fantom launched the Sonic testnet last week, which is its most ambitious upgrade so far. Sonic promises big improvements in speed, scalability, and transaction finality to make the network more efficient. This upgrade could change the outlook for FTM and boost confidence in the project.
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