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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. IOTA (MIOTA)
IOTA is a unique distributed ledger technology (DLT) built to support secure and efficient data and value transfers across various sectors, including Web3. Unlike traditional blockchains, it uses a directed acyclic graph (DAG) structure called the Tangle. This design enables decentralized transactions that are fast, scalable, and immutably recorded on the network.
Today, MIOTA, IOTA’s native token, is priced at $0.226, marking an impressive 24.67% increase in the last 24 hours. Its market cap has also climbed by the same percentage, reaching $794.79 million. Additionally, trading volume has surged by 201.45%, hitting $95.24 million. The bullish sentiment for MIOTA is reflected in the Fear & Greed Index, which currently stands at 93 (Extreme Greed), signaling growing optimism and increased token activity.
The IOTA Foundation recently announced IOTA Rebased, a major upgrade that transitions the network’s Layer-1 protocol to a Move-based object ledger. This shift makes IOTA the first Layer 1 blockchain to integrate the Move Virtual Machine (MoveVM), unlocking programmability at the core layer. Developers can now build decentralized applications (DApps) more efficiently, with the network expected to achieve sub-second transaction confirmations and handle tens of thousands of transactions per second.
Let’s talk use cases with IOTA #Rebased! 💡
In this short clip, @DomSchiener explores new types of applications that go beyond what’s possible on the #IOTA EVM today—unlocking new potential with the #MoveVM layer 👇 pic.twitter.com/zIff9JTfbx
— IOTA (@iota) November 22, 2024
In another exciting update, IOTA is live on the Web3 infrastructure platform, Blast API. This development is a significant leap forward, signaling IOTA’s aggressive infrastructure upgrades to compete with top blockchain platforms.
2. VeChain (VET)
VeChain (VET) has made a remarkable comeback, showing an impressive 51.81% rise over the past week. In the last 24 hours alone, the token surged by 32.61%, with its market cap following suit. This marks a sharp reversal from its earlier bearish trend when VET fell from its 24 February high of $0.05500 to a 2024 low of $0.01909, breaking several key support levels.
The recovery gained momentum on 9 November, when VET formed a downtrend rejection candle on its daily chart. Since then, the token has consistently grown, closing higher for seven consecutive days.
This upward trend is boosted by the launch of FUEGO, a decentralized application (DApp) on the VeChain network. Introduced on 14 July, FUEGO enables users to burn VTHO tokens in exchange for B3TR tokens, boosting activity on the VeChain ecosystem.
VeChain has also launched its Endorsement mechanism within the VeBetterDAO network. Initially established 2015 as a private consortium chain, VeChain has evolved into a decentralized smart contract platform focused on solving supply chain challenges. The new mechanism aligns with the platform’s goal of developing business applications that streamline inventory management.
Proud to be leading adoption of real world applications, creating tangible real world impacts.
Our advanced tools see our blockchain operational in even the toughest jurisdictions, and strictest data environments.
Compliance is crucial for implementation. $VET https://t.co/D54CPTLEZ1
— VeChain (@vechainofficial) November 22, 2024
Furthermore, VeChain’s partnership with SolarWise has introduced additional value to its ecosystem. The SolarWise team announced a new feature for its DApp, which is now live on VeBetterDAO. It allows SolarNFT holders to enjoy extra perks, including bonus B3TR tokens.
With its innovative applications and strong recovery, VeChain positions itself as a leader in blockchain-based business solutions. Its recent price surge and ecosystem expansions make it a project worth watching closely.
3. Crypto All-Stars (STARS)
Crypto All-Stars has gained massive attention, raising over $5 million ahead of its presale closing in about 27 days. Its innovative MemeVault protocol offers investors a unique opportunity to stake multiple meme coins on one platform for the first time.
Currently, the platform supports staking for around a dozen popular meme coins, including Dogecoin, Shiba Inu, PepeCoin, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. Moreover, the team plans to add more meme coins in the coming weeks, perfectly aligning with the current surge in popularity.
For passive earnings, the platform provides a native staking mechanism with an impressive 366% annual percentage yield (APY) on staked STARS tokens. Early contributors to Crypto All-Stars are capitalizing on the native staking protocol, which currently offers an even higher APY of 376%. By holding more $STARS tokens, these contributors stand to significantly increase their staking rewards once MemeVault goes live, with the potential to triple their earnings.
The $STARS token currently costs $0.0015997 on the Crypto All-Stars website. As the platform grows, staking rewards will gradually decrease, and the token price will continue to climb during the presale phase. Early investors will likely benefit the most by staking their tokens sooner rather than later.
Crypto All-Stars is an innovative project in the crypto space. It combines high APY staking opportunities with the growing popularity of meme coins. With plans to expand its platform and generously reward early adopters, this project is generating significant interest among investors.
4. Destra Network (DSYNC)
Destra Network (DSYNC) has recently experienced a rollercoaster journey, fluctuating between $0.146 and $0.194. However, the token recently broke through the $0.219 resistance level, even testing $0.3 earlier this month. DSYNC has maintained stability above its $0.223 support level, signaling short-term confidence among investors.
In the past week alone, DSYNC surged by an impressive 29.81%, including a 27.69% gain in the last 24 hours. Over the past month, the token has climbed 110.57%, marking a staggering 2,600% increase this year. DSYNC trades above its 100-day moving average of $0.18 and its 10-day average of $0.21, reinforcing a bullish trend. However, its 14-day RSI of 64 indicates it is nearing overbought levels, suggesting a potential breakout or pullback shortly.
DSYNC’s market cap grew by 27.70% in the last 24 hours, reaching $343.69 million, while trading volume soared by 180.38%, reflecting heightened investor activity. The overall market sentiment remains bullish, supported by a Fear & Greed Index of 93 (Extreme Greed), highlighting optimism and increased token transactions.
𝐃𝐞𝐬𝐭𝐫𝐚 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 | $DSYNC 𝐎𝐧𝐞-𝐂𝐥𝐢𝐜𝐤 𝐍𝐨𝐝𝐞 𝐁𝐞𝐭𝐚 𝐢𝐬 𝐋𝐈𝐕𝐄
We’re excited to announce the launch of the 𝐃𝐞𝐬𝐭𝐫𝐚 𝐎𝐧𝐞-𝐂𝐥𝐢𝐜𝐤 𝐍𝐨𝐝𝐞 Beta, starting with Storage Nodes for Mac and Windows users!
This is more than just a feature—it’s the next… pic.twitter.com/vtvZ8W91m5
— Destra Network (@DestraNetwork) November 21, 2024
On the development front, Destra Network has collaborated with Chainlink to implement Destra CCIP, starting with seamless integration into its storage network across multiple chains. If Destra secures additional partnerships, the token could break past its next resistance level of $0.419.
Looking ahead, analysts predict further growth for DSYNC. If market conditions stay favorable, the token’s price could average $0.9572 by the end of the year, making it an exciting prospect for investors seeking growth opportunities.
5. Dogecoin (DOGE)
Dogecoin’s network is showing impressive growth, with its hash rate climbing to 1.21 PH/s. This increase highlights strong miner confidence in the cryptocurrency. Moreover, analysts are pointing to bullish technical patterns, including a hidden RSI divergence, as signs of a potential major rally. The hash rate chart reveals a surge in network activity over the past month, underscoring this strength.
Crypto analyst Trader Tardigrade recently shared insights into Dogecoin’s performance. A chart showed a 4-hour RSI hidden bullish divergence, suggesting continued upward momentum. This pattern occurs when the price forms higher lows while the RSI forms lower lows, signaling underlying strength even during corrections.
The price of Dogecoin reflects this trend. It has steadily risen from previous lows, even as the RSI fell lower. This divergence often serves as an early indicator of bullish momentum, hinting at the possibility of Dogecoin gearing up for the next phase of its rally.
Unironically, I was built to fix this.
sub 1c txn fees, own your own money, no middle men..
For everything else there's Mastercard. https://t.co/dJ7HnIfy6C
— Dogecoin (@dogecoin) November 20, 2024
This momentum became evident on Monday when Dogecoin’s price broke a critical resistance level at $0.40, rebounding from a 15% pullback. On-chain data for the week shows a significant drop in selling pressure, down by 95%, with projections suggesting DOGE could reach $0.50. Recent price jumps have spotlighted Dogecoin, reigniting interest in meme coins across the market.
Notably, Dogecoin surged to a three-year high of $0.44 on 14 November. Many attribute this rise to recent news, including Trump’s confirmation of Elon Musk’s role in the projected Department of Government Efficiency (DOGE). Today, Dogecoin’s price has climbed even further, reaching $0.4711.
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