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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 anticipate 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. Moonwell (WELL)
Moonwell has recently made a significant leap in the market, recording a 24.77% increase in the last 24 hours. This surge occurred six days after Coinbase added Moonwell to its listing roadmap. Despite being available on only a few exchanges like HTX, Gate.io, and KuCoin, the token, which operates on Base, Moonbeam, and Moonriver, saw a sharp price rise.
Moonwell is known for its open lending and borrowing protocol, making DeFi accessible to beginners and experienced users. Security is a top priority for the project, with regular audits from firms like Halborn and risk management services from Gauntlet. Governance is driven by the WELL token holders, ensuring that the community has a say in the platform’s development.
WELL is currently trading 360.86% above its 200-day simple moving average (SMA), a strong sign of long-term growth potential. Over the past year, its price has surged by 458.80%, outperforming 90% of the top 100 crypto assets.
🌜🔵🌛 Since the protocol's activation on @Base in August 2023, Moonwell's fee generation has been trending upwards.
Moonwell is the best place to lend and borrow ETH LSTs: cbETH, wstETH, and rETH, alongside the @AerodromeFi AERO token.
Join us and start building your tomorrow. https://t.co/FpKkgnVkyW pic.twitter.com/JHNO4K2tAF
— Moonwell 🛡️ (@MoonwellDeFi) September 11, 2024
Although the token’s 14-day Relative Strength Index (RSI) is at 35.93, indicating a neutral stance, Moonwell’s low volatility of 12% suggests price stability and reduced risk of sharp fluctuations.
2. Sui (SUI)
Sui is trading at $1.04 after a 17.67% rise in the past 24 hours. Although there’s a slight slowdown, the short-term outlook suggests a possible bullish reversal. Since the recent rebound, there’s been a positive correlation between the open interest of SUI/USDT perpetual contracts and its price.
The liquidation zone between $0.83 and $0.75 was reached, sparking buying interest and driving Sui’s upward movement. If the price stays above $0.75, it could continue rising toward $1.10. If momentum holds, the next resistance levels could be $1.40, $1.70, or even $2.00, representing potential gains of over 108%.
Despite being in the red for the past 30 days, Sui is now showing a strong recovery. Weekly gains of 26.66% and a 105.63% increase in trading volume indicate growing bullish momentum. Sui’s price has also crossed the 50-day and 100-day EMAs, signaling further strength.
On this blockchain, we take congestion very seriously 🤧
That’s why we’ve revamped how shared-object transactions are handled on Sui.💪These adjustments to the Consensus Handler are not just a technical upgrade, they represent a new strategy to improve efficiency and… pic.twitter.com/Vd4UG1oKRT
— Sui (@SuiNetwork) September 11, 2024
While the Fear & Greed Index for Sui stands at 31 (Fear), the RSI suggests there’s still room for more upward movement. Sui could soon reach the resistance trendline at $1.1221 if the bulls take control.
3. Crypto All-Stars (STARS)
Crypto All-Stars is an easy way to stake your DOGE, SHIB, and FLOKI all in one place. As the world’s first memeVault ecosystem, it unites top meme coins under one roof and offers a groundbreaking platform for users to earn rewards by staking their meme coins.
Crypto All-Stars is the first to introduce multi-meme coin staking on a single platform, regardless of the blockchain. Investors can stake popular coins like Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, and more. The platform plans to add even more meme coins in the coming months.
In addition to staking meme coins, you can buy and stake $STARS, with an impressive APY of 1,221%. The current price is $0.0014362, but it’s set to rise soon, so acting quickly ensures you get the best price.
Crypto All-Stars will also launch MemeVault, a unified staking platform. With MemeVault, users can stake tokens like $BONK, $DOGE, and $SHIB in a single pool, earning rewards in $STARS. Holding more $STARS increases the potential rewards, with the chance to triple returns, making it a solid long-term investment.
With strong fundraising momentum, new investors are encouraged to join now. To buy $STARS, visit the Crypto All-Stars website, connect your wallet, and exchange ETH, USDT, or BNB. The site also supports payments with meme coins like $FLOKI, $SHIB, $DOGE, and $PEPE, along with bank card options.
4. Trust Wallet Token (TWT)
Trust Wallet Token (TWT) is a BEP-20 utility token designed to offer various perks to Trust Wallet users. Trust Wallet is a mobile crypto wallet that supports many native assets and tokens from blockchains like Ethereum, Binance, and TRON.
TWT holders enjoy discounts on in-app crypto purchases and lower fees when using decentralized exchange (DEX) services. Additionally, they can participate in Trust Wallet’s governance by voting on updates and proposals, allowing them to influence the app’s future development.
TWT’s price is currently $0.9074, marking an 8.50% increase in the last 24 hours. Its market cap has risen by 8.50%, reaching $378 million, while trading volume has surged by nearly 120%. The token trades 14.99% below its 200-day simple moving average, reflecting a slight bearish momentum. However, despite a Fear & Greed Index score of 31 (Fear), market sentiment remains bullish, with optimism building around further growth.
How free are you really?
It's time to take control of your financial future and own YOUR story. #InFreedomWeTrust.
Take back control👇https://t.co/bsnJCpYiQx pic.twitter.com/AViq618Mnv
— Trust Wallet (@TrustWallet) September 12, 2024
TWT shows great potential for future gains. If the project announces partnerships with other networks, its price could surpass $1.5. Should the bullish trend continue, the coin’s average price might reach $2 by the end of the year.
5. Arweave (AR)
Arweave is a decentralized storage network designed to preserve data permanently. Known as a “collectively owned hard drive that never forgets,” it powers the “permaweb,” a permanent and decentralized web. This platform supports community-driven apps and websites. Launched in 2018, Arweave uses its native token, AR, to reward users who store data long-term on the network.
As we approach 2024, Arweave’s unique approach to data storage aligns with the broader shift toward decentralization. Investors looking for innovative blockchain projects may find Arweave appealing, especially with the ongoing excitement around altcoins.
AR’s price climbed above $31 in mid-July but hit resistance between $30 and $31.5. If it surpasses this level, it could form a strong base for further gains. The increasing buying volume and a recent buy signal from the super trend indicator suggest a potential trend reversal.
Arweave is about to pass 100,000 $AR in the endowment.
It is there to further incentivize miners in extreme circumstances. It hasn't been used or needed (6+ years and counting).
This is what robust decentralized storage looks like.
Not financial or investment advice. pic.twitter.com/XQ6vP2fBbH
— Only Arweave (@onlyarweave) September 11, 2024
AR has been trading between $19.68 and $26.94 for several weeks, with traders buying near support and selling at resistance. If the bullish momentum continues, AR could rise above $35 and reach new highs beyond $40.
Read More
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