Next Cryptocurrency To Explode Monday, December 25 - Arbitrum, Avalanche, Bitcoin Minetrix

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Global market cap increased by nearly 2% in the early hours of today. Notwithstanding, as the crypto community awaits the altcoin rally, what are the next cryptocurrencies to explode?

The price movement in the last 24 hours has been quite eventful, with several layer two cryptos recording impressive uptrends. The overall performance of crypto assets is also quite remarkable, with trends that are worthy of note.

Next Cryptocurrency To Explode

Investors may have to look beyond listed cryptocurrencies to identify the next tokens to explode. After the recent performance of new cryptos like $ANALOS, it’s worth noting that the market now tends to favor rising tokens rather than established assets.

Bitcoin Mintetrix and other presales cryptos are currently showing Immense potential. This review highlights their features and presents an overview of their presale. Also listed are four cryptocurrencies investors should include in their watchlist.

1. Arbitrum (ARB)

The price of Arbitrum increased by nearly 2.7% in the last 24 hours, and it achieved over $1.7 billion in trading volume across several exchanges. With its growing demand, the bull’s pressure continues to force the price higher as it climbs out of its stay below the $1.18 price range.

Judging by its current market data, there are speculations that ARB will become the next cryptocurrency to explode. Besides its price pump in the last 24 hours,

Despite its promising potential in the long run, there are short-term downsides that investors should watch and consider when making decisions about ARB. First is its RSI value.

Currently, ARB is overbought, and its price may soon fall. However, it’s unlikely to record a double-digit percentage decline in price, which is safe for hodlers and presents an opportunity for new buyers. Additionally, ARB has bounced sideways recently, with 13 green days in the last 30. Also, the circulating supply of the token is less than 20% of the total supply, which indicates that it still has to face several rejections.

Nonetheless, with the size of the TVL and the growing activities across its network, there are indications that ARB has a profit potential in the short run. Also, its strong fundamentals indicate the potential to become the next cryptocurrency to explode. But, there is a need to identify the best time to buy from an extensive analysis.

2. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix presale is gradually approaching its target, and the opportunity to scoop up a bag of BTCMTX at a discount will shut down. It means degen investors may miss the chance if they don’t act fast.

Only 3 days left for #BitcoinMinetrix Stage 15! ⏳

What predictions do you have for the future of the entire #Crypto market? 🌐 pic.twitter.com/QF84lmmm4K

— Bitcoinminetrix (@bitcoinminetrix) December 24, 2023

The project aims at democratizing Bitcoin mining. Fair enough, it is also timed, so the cryptocurrency launch will be closer to the halving year. Interestingly, the project’s presale has reached stage 15, and over $5.9 million has been raised.

Adding BTCMTX to one’s crypto portfolio only costs a negligible sum. BTCMTX is priced at $0.0124 at press time, a fraction of its actual value. In 48 hours, the price will likely increase by a few percent.

According to its website, the project’s vision is to give crypto enthusiasts a chance to benefit from the halving year. There’s no better way to earn from the halving year than mining in Bitcoin. The details of the project are captured on its presale page.

Visit the Bitcoin Minetrix presale

3. Avalanche (AVAX)

Avalanche has been one of the best-performing Layer 1 crypto in this bull market, with over 400% price increases in the past 60 days. It recently broke the $38 – $40 resistance. And it’s on its way to printing more values. Is AVAX the next crypto to explode?

From its recent performance, Avalanche maintains its reputation as one of the top cryptocurrencies to watch. In the last 24 hours alone, it printed 63% pump in trading volume. Even from its recent trends, its price has kept 23 green days in the previous 30, which is a 77% up trend in the period.

With avalanches recently focusing more on asset tokenization, there’s no doubt that AVAX will maintain its uptrend in the coming year.

Furthermore, it’s important to note that AVAX has a favorable price in the long and short run compared to its moving average. Its current price is above its 200 ema, signifying it might hold the current uptrend much longer.

What a year for institutional adoption and tokenization!

Let's take a look back at a year full of major milestones on the journey to digitizing the worlds assets and bringing them on-chain.

These are just some of the 2023 highlights for institutions building on Avalanche 🌲🔺 pic.twitter.com/ySVCH24gry

— Avalanche 🔺 (@avax) December 22, 2023

Also, weighing its performance against what’s seen in the top 100 cryptocurrencies, it performs better than 87% of cryptos, another fundamental indication that AVAX may continue to receive favorable sentiment from the crypto market. Besides, the activities in its network are on the rise, with several new projects springing up to increase its utility and demand.

Even Though AVAX may not be eyeing the 1000x margin anytime soon, it remains one of the cryptocurrencies to include in the crypto investment portfolio, especially for medium to long-term strategy.

4. Render Token (RNDR)

Render token is arguably one of the most popular cryptos in the AI sector. Its focus on decentralized GPU gives it an immeasurable value, positioning it as one of the crypto projects that will grow with the AI sector. The bull run has given RNDR over a 200% boost in price, much higher than most crypts in the top 100. As the market heads towards the next quarter, Render Token remains one of the cryptocurrencies to watch.

Moreover, the Render token has a trading volume increase of over 142% in the last 24 hours, amounting to over $449.48 in the said period. It also recorded a price increase of around 4%, enhancing its impressive performance.

Overall, will RNDR become the next cryptocurrency to explode? In the short run, RNDR may not offer exceptional gains to investors as the crypto AI sector is gradually emerging. But with growing attention in AI and GameFi, RNDR has a chance of giving investors huge profits.

Even now, its performance stands above 96% of top-ranking cryptos, outperforming Bitcoin and Ethereum in the last 52 weeks. In the said period, its total gains amounted to over 997%, with impressive growth in the number of holders.

BME is now live on the @rendernetwork!

Here’s a guide breakdown of essential information about the update: https://t.co/Om0xBliSii

— The Render Network (@rendernetwork) December 21, 2023

RNDR is also gaining increased use cases, which signifies that investors will continue to see gains in their RNDR bags. Overall, all indicators show that RNDR is on a bullish path that might continue consistently for most of the coming year. More importantly, the project maintains its focus on increasing its use cases.