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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. Aerodrome Finance (AERO)
Aerodrome Finance has grabbed attention today with a 25.25% price increase, showing rising demand for the token. As a next-gen Automated Market Maker (AMM), Aerodrome is unique for its liquidity incentive engine and vote-lock governance model. This system attracts liquidity and rewards users through emissions and trading fees. This combination of utility and reward has made AERO a popular asset, contributing to its strong performance today.
A key reason behind the surge could be Aerodrome’s recent milestone—reaching an all-time high in Total Value Locked (TVL), now over $845 million. With this increased liquidity, the protocol allows efficient swaps for major assets like ETH, USDC, and EURC. Additionally, 100% of the swap fees go to veAERO voters, which has likely attracted new users eager to benefit from the protocol’s success.
Aerodrome's Volume Soars 🛫
Epoch 56 achieved the second-highest volume ever, hitting $2.733 billion. Slipstream pools accounted for 94% of that.
$4,632,000 in Total Rewards (fees + incentives) were shared with veAERO voters. 💯 pic.twitter.com/j4KvDUxFvu
— Aerodrome (@AerodromeFi) September 26, 2024
While the price surge is notable, there’s more to AERO’s movement. The token shows medium liquidity, reflected in its 0.0422 volume-to-market-cap ratio, meaning it’s in demand, but liquidity isn’t as deep as some larger assets. Its volatility remains low, with a 21.33% rate over the last 30 days, suggesting stable price trends despite market fluctuations.
Over the long term, Aerodrome Finance has shown impressive growth, with a 2,572% increase in the past year. Outperforming 97% of the top 100 crypto assets, AERO has established itself as a strong contender in the market.
2. Trust Wallet Token (TWT)
Trust Wallet Token (TWT) is a BEP-20 utility token that offers various benefits to Trust Wallet users. Trust Wallet is a mobile crypto wallet supporting assets from blockchains like Ethereum, Binance, and TRON.
TWT holders get discounts on in-app crypto purchases and reduced fees for decentralized exchange (DEX) services. They can also participate in Trust Wallet’s governance by voting on updates and proposals, giving them a say in the app’s development.
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— Trust Wallet (@TrustWallet) September 24, 2024
Currently, TWT is priced at $1.05, showing a 28.32% increase in the last 24 hours. Its market cap has risen by 14.71% to $436 million, while trading volume has jumped nearly 320%. The token trades 1.86% below its 200-day simple moving average, indicating slight bearish momentum. However, with a Fear & Greed Index score of 61 (Greed), the market sentiment remains positive, suggesting optimism for further growth.
Looking ahead, TWT has strong potential. If the project announces new partnerships, the price could rise above $1.5. If the bullish trend continues, TWT’s average price might reach $2 by the end of the year.
3. Crypto All-Stars (STARS)
Crypto All-Stars is making waves in the meme coin space by introducing a new utility: passive income through unified staking. The platform allows holders of top meme coins like Dogecoin ($DOGE) and Pepe ($PEPE) to stake them together and earn rewards in the form of the native $STARS token using the MemeVault protocol.
Crypto All-Stars ($STARS) has now surpassed a market cap of $1.4 million, while the overall meme coin market recently rebounded to $41.5 billion. This renewed interest has created optimism among investors for a potential bull run in the next quarter. If the market remains strong, the returns on meme coins in the historically bullish months of October and November could be boosted by the upcoming launch of Crypto All-Stars’ staking platform.
The platform supports staking for a range of meme coins, including Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. More coins are expected to be added soon. Investors can earn passively through the platform’s staking mechanism, which offers an impressive 930% annual percentage yield (APY).
There are still around 17 hours left to purchase $STARS at the current price before it rises above $0.0014652. With the launch of MemeVault and its expected rewards, early investors are preparing for what could be significant gains. So far, approximately 700 million $STARS tokens have been staked, generating additional rewards for participants.
Visit the Crypto All-Stars Presale
4. Pepe (PEPE)
Pepe has seen a significant price surge of 16% in the last 24 hours, now trading at $0.00001052 as of 8:29 a.m. EST. This spike in value was fueled by a 74% increase in trading volume, reaching $1.3 billion. With this rise, PEPE’s market capitalization has climbed back above $4 billion, marking a 24% gain over the past week as the broader crypto market trends bullish.
Despite this upward movement, it seems PEPE, the third-largest meme coin, may have hit a temporary ceiling. The token struggled to break through resistance at $0.0000104, failing to match its performance from July and May of this year.
Technical indicators also suggest a potential price correction. The widening of the Bollinger Bands indicates that the price surge has pushed PEPE beyond the upper band, which could lead to overselling once the bullish momentum slows. Additionally, the Relative Strength Index (RSI) shows that PEPE is deep in the overbought zone, with a current RSI value of 84.12, well above the threshold of 70. Traders who follow this metric may have already begun selling.
— Pepe (@pepecoineth) September 27, 2024
Although the current bullish wave has driven PEPE’s price to new heights, unless this marks the start of a sustained bull run, the token may face a price pullback in the near future. Investors should be cautious and watch for signs of correction.
5. ANDY (ETH) (ANDY)
The next meme coin with the potential to create millionaires by March 2025 is ANDY (ETH). Analysts suggest that investing around $2,000 in ANDY today could yield $100,000 by 2025. This growing interest has boosted its market capitalization to $68.28 million, drawing attention from the broader cryptocurrency community.
Although the price of ANDY is currently in a downtrend, technical indicators show a positive outlook. If ANDY can hold its key support level, a rebound may occur. Currently priced at $0.0001722, the chart points to further upside potential. Additionally, if a pullback happens, the lower support level offers a bounce zone.
Both the 50 Simple Moving Average (SMA) at $0.00009934 and the 200 SMA at $0.00007467 indicate continued bullish momentum. The 50 SMA recently crossed above the 200 SMA, forming a golden cross, a strong bullish signal. The price remains above these moving averages, suggesting they may serve as dynamic support if a retrace occurs.
There’s no better feeling than seeing your $ANDY 0x68 bags pump #ETH pic.twitter.com/DKD3TnVnZt
— Andy (@andycoinonerc) September 27, 2024
However, if the price falls below its critical support, lower lows could be expected. Despite this, ANDY (ETH) offers an interesting opportunity for those looking to buy the dip and aim for higher returns.
Read More
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