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The altcoin market looks promising, and many altcoins are recording gains. Furthermore, the market seems bullish, so investors and analysts are optimistic. 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. Today’s article will identify the next cryptocurrencies to explode and inform investors and traders about each token.
Next Cryptocurrency To Explode
Savvy 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. Siacoin (SC)
Siacoin (SC) has recently gained 12.56%, reaching $0.006409 and delivering solid short-term results. As the native token of Sia, a decentralized cloud storage platform, SC offers users an affordable and secure alternative to services like Amazon and Google.
SC’s unique model allows users to lease unused storage space at lower costs. Its security relies on a proof-of-work consensus algorithm, where miners compete to add blocks to the blockchain. Files are encrypted, split into 30 segments, and stored across multiple hosts, enhancing redundancy and safety. Smart contracts further ensure trustless and secure user agreements.
In the short term, Siacoin shows strong liquidity with a market cap-to-volume ratio of 0.4573, reflecting its active market presence. The 14-day RSI of 43.26 suggests neutral conditions, signaling the potential for sideways trading. Moreover, Siacoin has achieved positive trading days 50% of the time over the past month. Its low 30-day volatility of 7% indicates price stability, making it a reliable choice for cautious investors.
Long-term prospects remain promising. Although SC is trading 16.07% below its 200-day simple moving average (SMA) of $0.007676, it has grown by 28% in the past year, outperforming 41% of the top 100 cryptocurrencies by market cap. The sentiment around SC is currently bullish, supported by the Fear & Greed Index at 90 (Extreme Greed), which reflects strong optimism about its future growth.
2. Starknet (STRK)
Starknet (STRK) has experienced consistent growth, climbing 14.73% over the past month to reach $0.4807. In the last 24 hours, it gained another 3.11%, highlighting its strong upward trend. The RSI and Stochastic indicators, at 44.57 and 46.16, show balanced trading activity, suggesting that Starknet is neither overbought nor oversold.
A significant milestone this month was Starknet breaking the transactions-per-second (TPS) record among Ethereum layer-2 networks. It achieved an impressive 127.5 TPS in a single day, surpassing Coinbase’s Base, which previously held the record at 79.92 TPS. This achievement came during a gaming simulation designed to test its scalability under high demand, reinforcing Starknet’s potential for handling large transaction volumes efficiently.
To keep up with demand, Starknet introduced version 0.13.3, which reduces blob gas prices by 5x. This update is already live on the Testnet and will soon roll out on Ethereum’s Mainnet. These changes are expected to improve users’ accessibility and efficiency.
Moreover, StarkWare CEO Eli Ben Sasson recently revealed exciting updates during DevCon 2024 in Bangkok. He projected that Starknet’s transaction speeds will increase fourfold while fees drop by 5x over the next three months. Sasson attributed these improvements to advancements in Cairo, Starknet’s native smart contract language, enabling faster execution and better compilation. These enhancements aim to make Starknet competitive with Solana.
3. Crypto All-Stars (STARS)
Crypto All-Stars ($STARS) is making waves in the meme coin world, raising over $4 million in one of this fall’s largest ICOs. This innovative multi-chain staking ecosystem combines the power of its MemeVault protocol and the $STARS token, offering meme coin holders a chance to earn passive income by staking their tokens.
Currently, the platform supports staking for around a dozen popular meme coins, with plans to expand its roster soon. This comes at a perfect time, as meme coins are experiencing a significant surge. For instance, Dogecoin ($DOGE) rose 20% last week, while Pepe ($PEPE) skyrocketed by 72%. Early holders of Pepe have seen an astonishing 1,727% return on their investment over the past year.
Crypto All-Stars allows holders of coins like Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Brett, MogCoin, Milady, Turbo, Toshi The Cat, Coq Inu, and Bonk to stake their tokens in the MemeVault. In return, they earn $STARS rewards at a variable rate of 407%. Additionally, investors can triple their rewards by holding $STARS tokens.
The $STARS token is available on the Crypto All-Stars website at $0.0015806, though the price will increase to $0.0015869 in just one day. Staking rewards will also decrease as the platform grows, and the token’s fixed price will incrementally rise during the presale season. Therefore, early investors stand to gain the most by staking sooner.
Visit the Crypto All-Stars Presale Now
4. DOGS (DOGS)
The TON Network-based DOGS token has experienced a significant surge, rising over 15% in the past week. This impressive growth is fueled by solid buying momentum and growing bullish sentiment. DOGS boasts a market cap of $367.2 million and is trading above the critical 0.618 Fibonacci retracement level, a promising sign for investors. Traders are now eyeing the $0.0011343 level as a key milestone. If it surpasses this point, the token could reach $0.0015458.
Institutional interest in DOGS is also growing, as large transactions increased by 0.25%. However, some market tension remains, with recent liquidation data showing $743.41K in long positions closed compared to $111.39K in shorts. Binance led the liquidations with $509.38K, followed by Bybit and OKX.
Market participants are closely monitoring support levels around $0.0006565 for those considering an entry point. Breaching established resistances could confirm continued upward momentum and influence short-term price direction.
We are more than halfway through the Season 1 of the #DOGStreasurehunt 🦴
As many of you already have 12 words, here is puzzle number 13 🐶 pic.twitter.com/5LW4wezqFG
— Dogs Community 🦴 (@realDogsHouse) November 18, 2024
What sets DOGS apart from many meme coins is its practical utility. Unlike tokens that rely purely on hype, DOGS integrates with Telegram to reward active and loyal users. Of its 550 billion tokens, 81.5% are reserved for the community, with 73% dedicated to the platform’s most engaged members. Beyond its meme appeal, DOGS aims to merge decentralized finance with the meme coin space, offering staking options and community-driven governance.
5. Artificial Superintelligence Alliance (FET)
FET has emerged as a top performer in the crypto-AI space, gaining widespread attention after a 25% price surge. Despite this remarkable rally, FET shows signs of further growth, forming a bullish price action pattern on its daily chart. In the last 24 hours alone, FET’s price increased by 4.47%, reaching $1.33, while its trading volume jumped by 38.62% to $415 million, according to CoinMarketCap.
Since early August, the token consolidated around the $0.89 range. However, bullish momentum over the past week pushed it to $1.33 before facing resistance, leading to a slight correction. This formed a rounding top pattern, which hints at continued upward potential.
On the 4-hour chart, FET is trading above the 200 Simple Moving Average (SMA), confirming a sustained bullish trend. If the buying pressure persists, FET could break above the immediate resistance at $1.23 (50 SMA). Moreover, the Relative Strength Index (RSI) is trending upward at 53, which signals ongoing demand.
In August, an investor recently capitalized on FET’s momentum by swapping 255.62 billion Shiba Inu (SHIB) tokens ($3.5 million) into 3.114 million FET, recovering from a 45.9% loss on SHIB. This bold move highlights growing investor confidence in FET. If the rally continues, FET could break the $1.46 mark, potentially reaching the $1.72 to $1.85 range.
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