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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, hoping to find support for its next big move. 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 these various assets are climbing, 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 are anticipating 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. Gala (GALA)
Gala Games is a top crypto-gaming platform known for creating various games. Recently, they introduced GalaSwap, a decentralized exchange for tokens on the Galachain. They also launched Music NFTs, with the official Gala Music token now available on GalaSwap.
Gala Games has strong potential, and its price could soon reflect these developments. As a decentralized gaming platform, Gala uses blockchain technology to offer different types of games, including real-time strategy, multiplayer online battle arenas, and role-playing games. Unlike traditional gaming platforms, Gala lets players own their in-game assets as NFTs and use GALA coins for transactions.
Gala has recently shown positive signs, with a 6.74% increase in the last 24 hours and over 23% in the past week. Currently ranked 88th with a market value of $716.45 million, Gala’s support from the SMA and a bullish RSI movement point to more potential gains. If Gala’s price breaks the resistance level at $0.02075, it could move up to the next resistance at $0.02860. However, if bearish sentiment takes over, the price might drop to the $0.01375 support level.
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— Gala Games (@GoGalaGames) August 23, 2024
The Simple Moving Average (SMA) supports the 1D time frame, indicating strong bullish sentiment. Moreover, the RSI indicator shows positive action, suggesting a favorable outlook for GALA shortly.
2. Core (CORE)
Core is a decentralized blockchain platform that offers scalable and secure solutions for various applications. It focuses on interoperability, allowing different blockchains to interact seamlessly and supporting the integration of multiple decentralized applications (dApps). By addressing common blockchain challenges such as scalability, speed, and cost, Core aims to provide efficient and effective services.
One of Core’s standout features is its hybrid consensus mechanism, which combines Proof of Stake (PoS) with advanced technologies. This innovative approach ensures high throughput and robust security, faster transaction processing, and lower fees than traditional blockchain networks. Additionally, Core is designed to be developer-friendly by providing comprehensive tools and resources that simplify the creation and deployment of dApps on its platform.
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Core’s price movements have recently indicated a shift in market sentiment from bearish to bullish. Investors are advised to exercise caution and carefully time their market entries. If the price manages to break through the current resistance levels, it could confirm a sustained bullish trend.
At the time of analysis, Core (CORE) was priced at $1.16, marking a 10.85% increase within 24 hours. If this upward trend continues, the price could reach resistance levels of $1.5683 and even $2.6908. However, if the market turns and the trend reverses, the price may decline towards the support level of $0.8596. Therefore, monitoring these key levels is essential for making informed investment decisions.
3. Crypto All-Stars (STARS)
Crypto All-Stars is making a splash as the first ecosystem to unite top meme coins under one platform. This innovative project introduces a unique platform for staking multiple meme coins, regardless of their blockchain, all within a single staking protocol. At the core of Crypto All-Stars is MemeVault, a pioneering staking platform for meme coin holders. It allows users to stake their assets and earn $STARS tokens, promoting a collaborative environment among meme coin enthusiasts.
The meme coins featured on Crypto All-Stars include popular names like Dogecoin, Pepe Coin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk. More meme coins are expected to join the platform in the coming months. Additionally, users can buy and stake $STARS for an impressive annual percentage yield (APY) of 2,353%.
MemeVault’s design brings together the diverse world of meme coins into one unified platform. It offers the world’s first truly integrated staking protocol, allowing multi-token, multi-chain staking of meme coins. This groundbreaking feature opens up participation to holders of major meme coins worldwide, making it a significant development in the crypto space.
Excitement is building around Crypto All-Stars as it gains traction in its presale phase. The project has already raised $696,862.96 out of its $930,561 target. Currently, STARS is selling for $0.0014022, but with a price increase scheduled in just over two days, now is the time to act to secure the best price for this promising meme coin.
Visit the Crypto All-Stars Presale
4. Nervos Network (CKB)
Nervos Network (CKB) is working to create a strong peer-to-peer crypto environment with its dual-layer blockchain system. The base layer uses Proof-of-Work and has its currency, CKByte, ensuring network security and resource management. Developers can use Nervos to build decentralized apps and smart contracts, making it a versatile platform with cross-chain capabilities.
Investing in CKB offers entry into a diverse crypto space aiming to connect various blockchain systems. Key benefits include secure storage of smart assets and a range of dApp functionalities, making CKB a potential addition to your portfolio.
Since its launch in 2019, CKB has grown significantly within the blockchain world. In 2024, the core team, alongside the CKB Eco Fund and CELL Studio, launched the “BTCKB” initiative. This project aims to integrate Bitcoin with CKB, enhance the blockchain with advanced smart contract features, and incorporate Bitcoin L1 assets into CKB.
As of press time, the CKB price is $0.009601, reflecting a slight increase over the last 24 hours. The token trades 30.00% above its 200-day Simple Moving Average (SMA) of $0.007369. A 14-day Relative Strength Index (RSI) of 48.15 indicates the market sentiment remains neutral. By 2025, projections suggest a potential price range between $0.0140 and $0.0168, with an average of $0.0144.
5. Worldcoin (WLD)
Worldcoin (WLD) has recently shown mixed market performance. Currently priced at $1.72, WLD saw a notable increase of 7.68% in the last 24 hours. This surge contrasts earlier bearish trends, hinting at renewed buying interest among traders.
Worldcoin’s market cap has grown by 8.83%, reaching approximately $639.98 million, placing it at #96 on CoinMarketCap. Additionally, trading volume has risen by 16.92% to about $136.32 million. This uptick in volume and the price increase suggest strong market activity, likely driven by positive news or a shift in investor sentiment.
The volume-to-market cap ratio of 21.27% indicates a high level of trading activity relative to Worldcoin’s market cap. This suggests that the market is very active, with sufficient liquidity to support significant trades without drastically affecting the price.
New: @hyperlane is launching on World Chain, enabling fast bridging capabilities & expanding World ID to external chains ⚪️🤝⏩ pic.twitter.com/UeaNkv4Kz6
— Worldcoin (@worldcoin) August 20, 2024
Worldcoin primarily focuses on maintaining this momentum and breaking past the $1.75 resistance level. If it succeeds, the next target could be the $2.00 mark, a key psychological barrier. However, if WLD fails to hold its current gains and falls below $1.60, it could retest lower support levels, possibly down to $1.50.
Meanwhile, Worldcoin is progressing with its identity verification system by introducing World ID 2.0. This updated “digital passport” now integrates with platforms like Reddit, Telegram, and Mercado Libre, aiming to streamline user logins and enhance security across various applications.
Read More
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