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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, although it managed to surpass 60K. 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 various altcoins are already showing positive movements, 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. Pendle (PENDLE)
The cryptocurrency market is experiencing a bullish trend following a recent Federal Reserve rate cut, which has boosted optimism across many coins. Pendle (PENDLE) is among the top gainers, showing an impressive rise. In the past 24 hours, PENDLE has surged by 24%, and over the last week, it has gained nearly 30%.
Interestingly, a large selloff by Arthur Hayes, co-founder of BitMEX and CIO of Maelstromfund, who sold 1.27 million PENDLE tokens (worth around $4.4 million), had less impact on the token’s price than expected. Despite this major sale, PENDLE has maintained its strength, continuing its upward trend. The main reason behind this surge is a technical breakout, as PENDLE broke above the downtrend line at $3.33, pushing its price to the current level of $4.29.
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— Pendle (@pendle_fi) September 19, 2024
Moreover, PENDLE is trading above its 200-day simple moving average, and with 19 green days out of the last 30, the bullish momentum appears to be strong. This position near its cycle high suggests the potential for further gains, backed by solid technical indicators.
Today’s breakout is a positive sign that PENDLE may enter an extended rally, similar to recent bullish moves in coins like SEI and Fantom. With this momentum, PENDLE is now targeting its next resistance level at $4.64, which could result in an additional 15% upside. Investors are closely monitoring to see if PENDLE can sustain this upward trend and continue delivering strong performance.
2. Beam (BEAM)
Beam is making significant progress in blockchain gaming by adding ArcadiaGamesIO and BalliesUniverse to its ecosystem. ArcadiaGamesIO is now building on Beam, allowing users to play classic games like Chess and Checkers against others on-chain. Additionally, BalliesUniverse is launching on Sphere, offering a web3 sports gaming platform that includes strategic games, mini-apps, and iGaming. As their collection will be released on the Immutable zkEVM, they are now part of the BuildOnBeam initiative.
Currently, Beam is trading at $0.01659, marking a 2.82% increase over the last 24 hours. Moreover, Beam has seen 17 green days out of the past 30, indicating that more than half of those days ended with a higher price than they started, pointing to a positive market trend. Beam also enjoys high liquidity in relation to its market cap, making it accessible to traders and investors.
Throwing it back to @gamescom 🎪
We've had a blast hosting our @BuildOnBeam family, and visiting tons of booth from the next generation of games.
Can't wait for next year!https://t.co/a6YCaOdWJ3 pic.twitter.com/BfN9QR3QQ0
— Merit Circle (@MeritCircle_IO) September 19, 2024
Interest in BEAM has been growing. According to CoinMarketCap, its market cap has risen by 4.46%, reaching $820.444 million, and it now ranks 76th among the top 100 cryptocurrencies. The demand is also growing, as shown by an increase in spot trading. Although there aren’t many long-term holders, traders and cruisers remain active, with whales holding over 70% of the circulating supply.
3. Crypto All-Stars (STARS)
Crypto All-Stars ($STARS) has crossed the $1.4 million mark, as the market capitalization of meme coins rebounded to $41.5 billion on Friday. This renewed interest in meme coins has sparked optimism among investors for a potential bull run in the next quarter. If that happens, the returns from these tokens during the historically bullish months of October and November could be boosted by Crypto All-Stars’ upcoming staking platform, the MemeVault.
The MemeVault allows investors to stake a variety of meme coins, including Dogecoin ($DOGE), Brett ($BRETT), and PepeCoin ($PEPECOIN), in exchange for rewards in $STARS, the project’s native token. During the presale, Crypto All-Stars raised funds at a token price of $0.0014535 and below.
Investors still have about 48 hours to purchase $STARS at this price before it rises above $0.0014593. With the launch of the MemeVault and its expected rewards, early investors are preparing for the staking platform. So far, approximately 697 million $STARS tokens have been staked, generating additional rewards.
It’s not just smaller investors participating—whales have also shown interest, with one investor purchasing $50,000 worth of $STARS last week. If you want to participate in meme coin investing, you can connect your wallet to the Crypto All-Stars website. $STARS can be exchanged for ETH, USDT, BNB, and meme coins like $FLOKI, $SHIB, $DOGE, and $PEPE. You can also pay by bank card.
4. Oasis Network (ROSE)
Oasis Network is a top layer-one blockchain that focuses on scalability and privacy through confidential computing. Its standout feature is a layered architecture that separates consensus from computation, helping it achieve scalability and confidentiality. The network’s native token, ROSE, is used for gas fees, staking, delegation, and governance.
ROSE is currently showing signs of a potential breakout. According to a crypto analyst, its weekly chart indicates an attempt to break out of a large Falling Wedge pattern. The first target for this breakout lies between $0.133 and $0.155. If successful, this could attract new investors and a lot of attention to ROSE.
The Falling Wedge is a technical pattern known for signaling upward price movement. ROSE is currently testing this pattern and may be close to breaking through. If it does, the key resistance level between $0.133 and $0.155 could be the first step towards a larger rally. Analysts believe its upward momentum could continue if ROSE breaks past this resistance.
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This is your chance to dive into Oasis’ confidential EVM, Sapphire, and explore the potential of the ROFL framework.
Registration is now open: https://t.co/sFaa6pW1Su pic.twitter.com/EQch4ROvee
— Oasis (@OasisProtocol) September 19, 2024
Oasis Network has built a strong reputation for focusing on both privacy and scalability. Its ability to handle high transaction volumes while keeping costs low has drawn significant interest. With ROSE’s current setup on the weekly chart, technical traders are paying close attention. The Falling Wedge pattern often leads to bullish breakouts, and many believe ROSE is positioned for substantial growth.
While the crypto market remains volatile, ROSE’s solid technicals and increasing adoption give it a competitive edge. If the breakout happens, it could push the price to $0.305 or even $0.415, leading to a significant rally.
5. Render Token (RENDER)
RENDER has shown impressive growth, reaching a major milestone at $7.85 after over a 10x increase. Bullish indicators suggest the price continues to rise, reaching $12.30, with some analysts seeing potential for a surge to $22. In the long run, with strong momentum, Render could climb as high as $150, according to projections on a logarithmic scale.
Render has a history of explosive growth, including a remarkable 2,791% rise from $0.47 to $13.64. This showcases its potential for future success, with several bullish signals pointing to the possibility of new all-time highs.
Render is building strong momentum and positioning for a potential breakout. Currently trading slightly above its 100-day average, it is close to breaking key resistance at $5.76. If it breaks past this level, it could see a 20-30% gain, targeting $6.43. This bullish activity suggests even more growth could be ahead, with projections of a 250% increase by year’s end.
Looking forward to Day 2 of @SolanaConf #Breakpoint and more exciting announcements from across the @solana ecosystem.
If you missed yesterday's @rendernetwork Product Keynote from @drjonessf, the recording is now available: pic.twitter.com/5Avj1uhXGX
— The Render Network (@rendernetwork) September 21, 2024
Render Token (RENDER) plays a unique role in the crypto space as the utility token for The Render Network. This decentralized platform uses GPU-based rendering to help creators complete complex tasks at a lower cost by tapping into unused GPU power from node operators. These operators are rewarded with RENDER tokens, creating an efficient system for animation and visual effects production.
Using distributed processing power, Render Token offers a fresh solution to the rising demand for rendering resources. As interest in altcoins grows, Render could stand out as a key player in a bullish market.
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