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As the first quarter kicks into full speed, what are the next cryptocurrencies to explode? The sudden price movement in the crypto market has taken most investors by surprise, resulting in liquidations of over 180 thousand positions. The crypto market saw the price of BTC briefly touch an 8-month high of 45,000 before retracing to 43k.
Conversely, the performance of the altcoin market nose-dived as investors’ optimism went through a brief test with the sudden shift.
Next Cryptocurrency To Explode
However, its trend in the last 24 hours has remained flat, shifting between periodic highs and lows. Nonetheless, the crypto outlook for the quarter remains promising, with several cryptos printing impressive performance. Today, Kaspa, Fetch.ai, and Arbitrum lead the list of gainers as Meme Kombat positions to become the next memecoin to explode. Below is a brief overview of their currency performance.
1. Kaspa (KAS)
While many may assume that KAS is currently overvalued, its recent market data shows that it might be one of the next cryptocurrencies to explode. In the last 24 hours, it recorded about a 6% price increase and a 23% increase in the value of its trading volume.
Besides, Short-term indicators reveal that KAS bears might have the upper hand in the short term as to its short-term moving averages. However, the long-term holders appear to stay put as the 200-day ema remains bullish with strong buy indicators.
Additionally, KAS oscillators reveal that the market sentiment towards the token is largely mixed with several bullish and neutral sentiments coupled with a few bearish signals.
However, considering the Chinese investors growing interest in KAS, the token might be able to recover its bullish rally after it overcomes the short pullback it’s currently experiencing. Its market data shows a MACD value of −0.001290, which indicates a potential bullish momentum.
🎉What an amazing year! And 2024 is shaping up to be even bigger! What are you most excited about for #Kaspa in 2024 and beyond?🥂#RustyKaspa #DAGKnight #MerchantAdoption #SmartContracts #Intergrations #Exchanges
Choose one and/or suggest another! ^$KAS #DigitalSilver… pic.twitter.com/JOlZmgXipq— Kaspa (@KaspaCurrency) December 31, 2023
Meanwhile, KAS only has 77% of its total supply in circulation, meaning that investors can expect increased volatility down the line. Notwithstanding, it can make up for the fluctuation with its higher liquidity rating.
Additionally, the token has strong fundamentals and growing adoption, especially in the Asian continent. Hence, it’s one of the tokens that should be on every investor’s watchlist.
2. Fetch.ai (FET)
Despite skepticism in the altcoin market, FET market data has been quite impressive so far with over 8% price increase in the last 24 hours and about a 30% pump in its trading volume.
In the meantime, the growing interest in the crypto AI sector may trigger the price movement of FET tokens, as other coins in the industry also saw price movement in the last 24 hours. Overall, the global crypto market cap reflects the sentiments in the crypto industry.
However, the crypto market cap recorded a spike of over 3% following the sudden surge in BTC price but later settled at its current value of $1.66 trillion. However, the latest performance of the token stems from its listing in Indonesia. Investors believe the listing will likely influence the price of the asset for the rest of the quarter.
Notably, its current price action resulted in Fetch.ai reclaiming key support, indicating that the bull could further push the price toward the $1 mark. However, the chance that it will make it that far depends on the overall outlook of the crypto market this quarter.
New #DeltaV Community Integration! ⚡
Since our early access release of DeltaV to multiple sets of developers, @neerajkrbansal has now integrated @amazon product searching 🔍
The abilities of our #AIAgents on DeltaV are expanding by the day! 👇 https://t.co/OEvVv0PTCZ
— Fetch.ai (@Fetch_ai) January 2, 2024
On the other hand, the project team continues a push for more use cases through innovative concepts and partnerships. It also sponsored major AI-related events and projects. Its community recently opened its doors to attract devs through the DeltaV program.
3. Arbitrum (ARB)
Arbitrum maintains its strong climb towards the $2 price despite the decline in the price of BTC. Its growing price raised its TVL to a record high of $10 billion, with a total increase valued at over 430% YtD. In the last 30 days, the token saw over 30% increase in price, charting a clearer path towards its $2 range. However, will ARB become the next cryptocurrency to explode?
Arbitrum is not only gaining price increases. Recently, the social media mention of the token spiked remarkably, earning a spot on the Twitter trending list. Even though social media mentions do not ultimately determine the direction of a token’s price, it could signal growing interest in the token and may affect its overall outlook in the quarter.
But, one of the factors that contributed to the growing attention is the introduction of custom gas tokens for Arbitrum Orbit chains. The move allows Orbit chains to use any ERC20 token for transaction fees. With the innovation, crypto projects can now improve their native economy. However, it is not yet clear how it will affect its price movement in the quarter.
Custom gas tokens for Arbitrum Orbit chains are now supported!💙🪐
Orbit chains can now use any ERC20 token for their transaction fees, allowing projects to build vibrant native economies.
Since the initial launch of Arbitrum Orbit, custom gas tokens have been the most… pic.twitter.com/pxWh582q4M
— Arbitrum (💙,🧡) (@arbitrum) January 4, 2024
While ARB has a lot of hurdles to overcome before climbing into a protracted bull rally, its current performance shows that it’s one of the tokens that investors should watch closely this quarter. On the other hand, its short-term indicator reveals that the current price is overbought and might soon fall. Hence, investors should consider its RSI when making a decision.
4. Meme Kombat (MK)
The Memecoin sector recently produced a few winners. BONK had its reign towards the end of the previous quarter. Dogecoin also made a comeback after its price surged by a few percent.
Impressively, newer tokens are now taking their stand in the sector. One of them is the Meme Kombat. The new project, which is currently on presale, has thousands of followers on its social media outlets. And it amassed over $6 million in less than 14 weeks of presale.
One of the factors propelling its growing popularity is its simple fundamentals. The project maintains its focus on giving investors a chance to grow generational wealth through degen investment strategies. It offers APY earnings, valued at 155%. It also promises to funnel over 10% of the total supply towards community rewards.
Memecoins are indeed the best way to have fun with your money🌟 pic.twitter.com/aSn2e7CJFN
— Meme Kombat (@Meme_Kombat) December 3, 2023
More importantly, the Meme Kombat community participates in the fun game. They also earn rewards through the P2E model. The offer is still open to get on board and own a bag of the token. It’s still currently available at a discounted value of $0.279
Visit the Meme Kombat presale.
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