Next Cryptocurrency To Explode Monday, January 1 - Maker, Polygon, Wall Street Memes

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Will BTC become the next cryptocurrency to explode? Many investors are wondering what will become of the price of BTC if the ETF filling finally gets approved in January as speculated. BTC has experienced a period of protracted accumulation. Mostly, the recent trend is fueled by the hopes that the ETF talks will be concluded this quarter.

With over 157% gains in the last 90 days, many believe that an ETF approval will take the price of the giant coins into the $100k range.

Next Cryptocurrency To Explode

However, BTC is not the only crypto with the prospect of a promising Q1. Several other crypto assets are also printing explosive gains, and today’s update highlights some of them. Our journey into the next cryptocurrencies to explode will also bring Wall Street Memes to the surface due to its recent overhaul. Ideally, the recent updates to its features and offering might make it one of the top cryptos to watch this season.

1. Maker (MKR)

Is the latest MKR pump a bulltrap? MKR has often endured rejection at the 1500 range since it kicked into a rally in mid-2023. However, recent data shows that it’s broken above the $1500 mark, and it’s now headed for its $1900 – $2000 range. However, there are fears that it might face rejections at that range, which accounts for the speculation over the bull trap.

Nonetheless, MKR is one of the cryptos to watch this quarter, as a break above the $1900 resistance means that investors might be looking at the $2500 – $2600 range. Impressively, the probability of MKR rallying to that range is quite high, given its current market data. A potential for sustained bullish momentum is evident from the relationship between its price and long-term moving average. The shift towards SubDAOs and AI integration may unlock a new frontier for cryptocurrency.

Endgame is:

• Reinforcing MakerDAO’s and Maker Protocol’s stability.

• Take DAOs to a new level of global reach through data transparency and AI.

• Delegating specialized and highly targeted growth to SubDAOs. pic.twitter.com/NJlYnpZFVC

— Maker (@MakerDAO) December 18, 2023

On the other hand, there are also chances that the price of the token might soon face reversal as its RSI reading shows overbought signals. Hence, there’s a need to watch its trend closely before making any decision, and it’s best to take short-term strategies when dealing with the MKR token, as it’s notorious for its high volatility.

2. Polygon (MATIC)

MATIC/POL has been high on the list of tokens to watch since Q4 of last year, especially as it launched its migration to the POL token. Its price has climbed consistently since the start of the bull rally in October, giving it over 22% increase in the last 30 days.

In the early hours of today, its price climbed above the $1 mark after it recorded over 3% gains. However, it settled back into the $0.9 range almost immediately. Thus, MATIC/POL is arguably gearing up to become one of the penny cryptos to explode in the new quarter.

Several indicators show that MATIC/POL is one of the best tokens to buy this season. Firstly, the ecosystem is going through a shift, which presents an opportunity to buy the dip. Also, the upgrade initiative comes with extensive deflationary moves.

The Miden Compiler is being developed at Polygon Miden so that the rollup can support smart contracts written in Rust and possibly other developer friendly languages in the future.

It can be useful in two ways:
-As a compiler backend for existing languages that wish to target… pic.twitter.com/4EuI7qimXz

— Polygon Foundation (@0xPolygonFdn) December 22, 2023

Consequently, the number of MATIC/POL in circulation will likely decline as the year progresses. With that, holders have more value for the MATIC/POL in their portfolio.

More interestingly, the token is being given an ecosystem status. From last year’s trends, the Injective INJ rally started with the initiation of the INJ burn 2.0, which allowed the entire ecosystem to participate in the burn strategy. With the upgrade in the MATIC ecosystem and the overall positioning of the Ethereum network, it might be one of the tokens with the potential for explosive gains.

3. The Graph (GRT)

GRT is off to a great start this quarter, with over a 4% price increase in the last 24 hours and a 20% trading volume pump. The indexing protocol maintains its vision of providing data querying services to the likes of Ethereum and other Layer 1 chains. As the adoption of blockchain technology and the crypto industry becomes widespread, the market might see a consistent uptrend in the price of GRT.

Even though GRT had so much struggle in the past year, investors might see improvement in the new year. Particularly, when the altcoin rally finally kicks in later in the year, it might become one of the penny tokens to explode. From its market data, GRT prices increased by over 236% in the last 52 weeks. It shows that the indexing token is not outright dead. The new roadmap may unlock opportunities for explosive growth in the coming months.

Enhancing the developer experience & tooling is a critical aspect of The Graph’s New Era roadmap.

Listen to @bourgetalexndre from @streamingfastio share how The Graph is building a simplified developer experience ⬇️ pic.twitter.com/4MlVpce0Lc

— The Graph (@graphprotocol) December 29, 2023

More importantly, its recent price has been trending above its long-term ema. With that, holders may remain confident that the GRT rally that started in October might hold for most of Q1. Also, its 60% green days in the last 30 days strengthen the indication that the GRT might still maintain its quest for explosive gains.

Conversely, though, some huddles might threaten the gains of GRT. Several of its oscillators indicate neutral trends, while its MACD reading returns a value of 0.0085, a bearish signal. What this means is that investors need to analyze the token to determine the best strategies that guarantee profit. Also, GRT is renowned for a poor Q2 performance even after an excellent Q1. Hence, it should also be one of the factors that influence investors decisions. Above all, GRT is one of the tokens to watch this season.

4. Wall Street Memes (WSM)

Anyone who misses out on Wall Street Memes presales might still have a chance to get on board as the project takes its game to the next level. With the recent improvement, there is are high chance the WSM may become the next penny crypto to explode.

Degens checking the earnings report pic.twitter.com/YZUZsFS4BD

— Wall Street Memes (@wallstmemes) December 31, 2023

The new initiative rewards WSM holders in many ways. One of them is through the deflationary initiatives designed to increase the WSM in the holder’s portfolio consistently. Also, it offers access to a community of degen investors who share similar views on prosperity and wealth building.

Regarding utility, Wall Street Memes has been on the foray into the casino sector, and a more recent development is the introduction of PEPE as one of the accepted deposit tokens. Thus, it is gradually becoming more of a platform than an isolated Memecoin.

Over time, its increasing utility might give it a similar performance to Shiba Inu. Thus becoming one of the meme cryptos with robust utility. Overall, investors should keep an eye on its activities and trends. Its recent performance indicates that it might become one of the next cryptos to explode.

Visit the Wall Street Memes Page.