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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 revolutionise the meme coin space with its groundbreaking MemeVault Ecosystem. This post covers the details of its presale.
1. Core DAO (CORE)
Core (CORE) has recently shifted from a bearish sentiment to a promising bullish trend, capturing investors’ attention. This momentum highlights the importance of timing market entries, as breaking key resistance levels could confirm a continued upward trajectory.
Currently priced at $1.39, CORE has seen an impressive 6.11% increase in just 24 hours. If this upward trend continues, the price might break through resistance at $1.5683 and even reach $2.6908. Conversely, unfavourable market conditions could push the price back to the support level of $0.8596. Investors are encouraged to monitor these critical levels closely for better decision-making.
Core is a decentralised blockchain platform that offers scalable and secure solutions for modern applications. Core’s strong focus on interoperability enables seamless communication between different blockchains, supporting a wide range of decentralised applications (dApps). By addressing challenges such as scalability, speed, and cost, Core positions itself as a dependable and efficient blockchain network.
— Core DAO 🔶 (@Coredao_Org) December 12, 2024
Core’s combination of cutting-edge technology and developer-focused features sets it apart in blockchain. The recent surge in its price has attracted the interest of investors looking to capitalise on its growth potential. Whether for innovation or investment opportunities, Core remains a project worth watching.
2. DeepBook Protocol (DEEP)
DeepBook is a decentralized central limit order book (CLOB) built on the Sui blockchain, offering a new level of efficiency and performance for on-chain trading. By leveraging Sui’s parallel execution capabilities and low transaction fees, DeepBook delivers a fast, low-latency exchange that stands out in the decentralized finance (DeFi) space.
One of DeepBook’s most significant strengths is its fully on-chain architecture. Order routing, matching, and settlement occur directly on-chain, making it a trading platform that excels in programmability, interoperability, and composability. With its v3 upgrade, DeepBook has enhanced its performance further, positioning itself as a central liquidity hub for the broader DeFi ecosystem.
Regarding market performance, the price of DeepBook Protocol’s native token (DEEP) has climbed by an impressive 20.21% over the past week, trading at $0.09633 as of 5 a.m. EST. This surge has been accompanied by a 33.35% increase in trading volume, reaching $54.19 million. Over the last month, DEEP has maintained a bullish trend, with the price forming an ascending triangle after breaking through the $0.081 resistance, as highlighted by GeckoTerminal.
Meet DeepBook – the backbone of the Sui DeFi ecosystem.
A next-gen liquidity layer that blends the precision of a CLOB with the flexibility of DeFi. Want a close look at how it all comes together?
Watch the video. pic.twitter.com/7AUVkGx5yR
— DeepBook Protocol on Sui (@DeepBookonSui) December 12, 2024
Technical indicators further highlight DEEP’s current position. The token remains above its 50-day Simple Moving Average (SMA), reinforcing its bullish outlook. However, the Relative Strength Index (RSI) has dipped to 48, suggesting growing bearish pressure. If this pressure intensifies, DEEP’s price might fall below its previous resistance level of $0.08087.
Conversely, the ascending triangle pattern could push the bulls to maintain the upward trend, creating room for a continued rally. Investors are optimistic about long-term growth, with $0.05 identified as a potential next resistance level.
3. Crypto All-Stars (STARS)
The Crypto All-Stars (STARS) presale has already raised an impressive $15.2 million, with less than eight days remaining before its official listing. Unlike traditional meme coins that depend solely on community hype, Crypto All-Stars offers meaningful utility through its innovative staking platform. Moreover, this platform supports a diverse range of popular meme coins, including DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO.
Crypto All-Stars is building strong brand awareness and expanding its market appeal by supporting such a wide variety of tokens. Furthermore, the project plans to add more assets in the coming months, making it an increasingly attractive option for investors.
One of the key features driving interest in Crypto All-Stars is its ability to simplify crypto management. Investors can consolidate their holdings on a single platform and stake supported tokens to earn passive rewards in STARS. Additionally, these rewards can be locked to take advantage of the platform’s lucrative 190% annual yield for early adopters. This feature highlights the project’s growth potential and appeals to those seeking convenience and profitability.
Although the team has not yet disclosed the first centralised exchange to list $STARS, the project’s successful presale has sparked speculation about potential listings on major platforms like Binance, Coinbase, or Robinhood. Such listings could significantly enhance the token’s visibility and liquidity, creating additional opportunities for investors.
Currently priced at $0.0016782, STARS offers flexible purchasing options. Investors can join the presale using ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE, or even a bank card.
Visit the Crypto All-Stars Presale
4. Ethereum Name Service (ENS)
ENS Labs, the creators of the Ethereum Name Service (ENS), are taking significant steps to improve scalability and accessibility. By the end of 2025, they aim to launch Namechain, a Layer 2 rollup network designed to make ENS more affordable and widely available across Layer 2 ecosystems. This bold move underscores ENS Labs’ commitment to innovation in decentralized naming systems, which link human-readable names to cryptocurrency addresses.
ENS has consistently captured attention for its forward-thinking approach. Although the token has faced challenges breaking through key resistance levels this year, recent developments suggest the potential for a turnaround. If current trends persist, ENS could see a notable price increase shortly.
The token recently experienced substantial price fluctuations. Within 24 hours, it surged 8.41% to $43.27, only to dip to $19.22 as momentum slowed. However, as of December 13, ENS has shown remarkable progress. Over the past month, its price climbed 154.41%, trading 96.95% above its 200-day SMA. Additionally, trading volume rose by 35.33%, reaching $878.2 million, while its market cap hit $1.48 billion, reflecting growing investor interest.
ENS names transform how AI agents interact with users, providing clarity, trust, and a frictionless experience for messaging, payments, and wallet management in the Web3 ecosystem. https://t.co/M0IrjF4E8i
— ens.eth (@ensdomains) December 12, 2024
Moreover, ENS Labs’ integration with platforms like Venmo and PayPal is expected to revolutionize crypto transactions for over 270 million U.S. users. This integration enables users to send tokens using simple ENS names, such as “yourname.eth,” eliminating the need for complex wallet addresses. By reducing errors and simplifying transactions, ENS is making cryptocurrency transfers more accessible and user-friendly.
5. Maker (MKR)
Maker (MKR) is gaining attention as traders position themselves for a potential breakout above a descending trendline. Increased confidence in MKR has sparked interest, supported by on-chain analytics and technical indicators that suggest a bullish outlook.
Currently trading at $2,080.57, Maker has seen a 3% increase in the past 24 hours, marking it as one of the day’s top performers. A closer look at the price charts reveals a double-bottom pattern, a classic bullish reversal signal. With the second bottom forming, a price move above the neckline could confirm this trend shift, opening doors for further gains.
Since April, MKR faced bearish pressures, but the recent performance tells a different story. Over the past month, Maker’s price has surged by an impressive 32.52%, accompanied by a 4.34% rise in 24-hour trading volume. The Moving Average Convergence Divergence (MACD) indicator further reinforces this optimism, showing a rising green histogram that highlights growing buying pressure.
Moreover, moving averages support the bullish trend, with the Simple Moving Average (SMA) on the 1-day chart signaling positive momentum. If this trend continues, MKR’s price could test the $2,080 resistance level over the weekend. On the other hand, if a reversal occurs, the token might drop to its critical support level of $1,975.
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