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Some investors see blockchain technology as a game-changer for the future, while others are mainly attracted to tokens for their profit potential. Investors in the crypto space are constantly on the lookout for tokens that could experience significant and rapid price increases, offering the chance for substantial profits.
Numerous coins have already shown how profitable the crypto market can be. Therefore, this article highlights tokens that align with current trends and may see substantial growth in the future.
Next Cryptocurrency To Explode
This article provides updates on the cryptocurrency market’s potential movers and shakers. Today’s list will focus on digital assets that have sparked interest among investors for a likely rally. The spotlight is on tokens like Fetch.ai, Internet Computer, and ZKFair. These projects have caught the crypto community’s attention with developments that could contribute to their potential rise.
1. Internet Computer (ICP)
Bitfinity Network recently secured $7 million in funding from investors Polychain Capital and ParaFi. The funds are earmarked to develop an off-chain infrastructure for Bitcoin and Ordinals. With this funding, Bitfinity introduced the Bitfinity Ethereum Virtual Machine (EVM), a Bitcoin sidechain integrated into the Internet Computer blockchain.
The Bitfinity EVM aims to empower Solidity developers and EVM-compatible services, facilitating the creation of decentralized applications with Bitcoin capabilities. This integration promises exceptional speed and cost-efficiency for developers. A feature of Bitfinity’s approach is using the Internet Computer’s Chain-Key to manage and transfer Bitcoin and Ordinal assets securely on-chain.
ICP’s recent performance proves it might be the next cryptocurrency to explode. The Internet Computer (ICP) price is $13.14, with a 24-hour trading volume of $233,728,938.90. Furthermore, the token saw a 3.91% intraday gain, with a 13.35% price increase over the past week.
Internet Computer (ICP) is exhibiting strength against the broader cryptocurrency market, up 3.50%. Compared to similar Smart Contract Platform cryptocurrencies, ICP outperformed with a monthly gain of 76.49%. Market sentiment towards Internet Computer appears bullish, and the Fear & Greed Index currently registers at 60 (Greed).
🗞️ @bitfinitynet aims to enhance #Bitcoin Ordinals with an Ethereum Virtual Machine on #ICP
To achieve this, Bitfinity has raised $7 million in new funding 💰
📑 Read more on @decryptmedia https://t.co/b4d2BvbhFt
— DFINITY (@dfinity) January 11, 2024
The circulating supply of Internet Computer is 455.43 million ICP out of a maximum supply of 488.51 million ICP. With the yearly supply inflation at 66.07%, 181.19 million ICPs were generated last year. In the Layer 1 sector, Internet Computer is ranked #12 based on market capitalization.
In addition, The project’s use of innovative technologies and its positioning within the market suggest massive growth, though careful consideration of the market is advised.
2. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix is a tokenized cloud mining platform that aims to decentralize Bitcoin (BTC) mining. The platform gives investors control over their mining activities through token ownership. This initiative seeks to mitigate the risks associated with third-party cloud mining scams, fostering a more secure environment for token holders.
Furthermore, community involvement is emphasized in the staking pool for BTCMTX tokens, accumulating a stake of over 400,000 tokens. The project has successfully raised over $6 million towards its objectives. The platform claims an annual percentage yield (APY) of 103,225%.
The end of Stage 19 for #BitcoinMinetrix is just around the corner, with only 1 day remaining! ⌛️
How has #Bitcoin mining changed or influenced your understanding of #Cryptocurrencies? pic.twitter.com/HFhQb1VKDy
— Bitcoinminetrix (@bitcoinminetrix) January 15, 2024
In the ongoing presale, the project has garnered over $8,500,904.64 out of the $9,103,393 target by selling tokens at $0.0128 each. Currently, there is a brief time window remaining before the next price hike. This presale period represents 70% of the total token supply, accounting for 2.8 billion BTCMTX out of the 4 billion tokens overall.
The ongoing presale’s substantial funding and the unique tokenomics structure contribute to the project’s overall appeal. However, potential investors must conduct thorough research and due diligence before considering participation.
Visit Bitcoin Minetrix presale.
3. ZKFair (ZKF)
ZKFair has exhibited a notable uptrend throughout the current week. It recorded a substantial 113.92% increase in its price, coupled with a 3.61% intraday performance.
The platform recently disclosed its ongoing efforts to develop an extensive ecosystem. Over the next few weeks, ZKFair anticipates introducing 30-40 projects on its mainnet, committed to ensuring a fair launch for high-quality projects through its ZKFair LaunchPad.
In addition, Bitget has included ZKFair’s native token, ZKF, in its new token offerings within the Innovation Zone. This move enables users to trade the ZKF token on the Bitget platform, further expanding its accessibility.
ZKFair distinguishes itself as a pioneering entity within the Ethereum landscape, leveraging a unique amalgamation of various blockchain solutions. ZKF is positioned as the first community ZK-L2 based on Polygon CDK and Celestia DA. The project adopts the stablecoin USDC as its gas token, ensuring compatibility with the Ethereum Virtual Machine (EVM).
The listing of ZKF in Bitget’s innovation zone streamlines user participation in the token’s initial launch phases. This has strengthened ZKF as the next cryptocurrency to explode.
🏗️ We're currently working on developing a comprehensive ecosystem. In the upcoming weeks, we anticipate witnessing the deployment of 30-40 projects on the ZKFair mainnet.
High-quality projects will have a fair launch on the ZKFair LaunchPad. And @ZKFCommunity will also ask all… pic.twitter.com/UdhOGWKv6t
— ZKFair Community (@ZKFCommunity) January 12, 2024
Furthermore, the sentiment surrounding ZKFair’s price prediction is neutral, while the Fear & Greed Index registers at 52. The project is observed to be trading near its cycle high.
Therefore, ZKF in Bitget’s Innovation Zone adds to the project’s visibility and accessibility within the crypto market. However, potential investors must conduct thorough research and consider the market conditions before making investment decisions.
4. Fetch.ai (FET)
Fetch.ai is generating considerable interest among crypto traders anticipating potential all-time highs. The native FET token is valued at around $0.67, having experienced multiple unsuccessful breakout attempts recently.
Closing out the previous year with an impressive growth of 185.37%, Fetch.ai outpaced 84% of the top 100 crypto assets. Moreover, it surpassed both Bitcoin and Ethereum in performance.
The circulating supply of Fetch.ai is 688.12 million out of a maximum supply of 1.15 billion FET. The current sentiment for Fetch.ai’s price prediction is neutral, and the Fear & Greed Index indicates a neutral stance of 52.
Fetch.ai holds the 34th position in the Ethereum (ERC20) Tokens sector and the 49th in the Layer 1 sector. The token also ranks 7th in the AI Crypto sector. Technical analysis reveals that Fetch.ai trades above the 200-day simple moving average, signaling a positive trend.
New #DeltaV Community Integration! ⚡
Since our early access release of DeltaV to multiple sets of developers, @AutonomousAIDev has added a custom #AIAgent 🤖
He's created an Agent that will provide details of public holidays in India during 2024 🗓️👇 https://t.co/5UiBINNSVE
— Fetch.ai (@Fetch_ai) January 9, 2024
Furthermore, FET has seen 16 green days out of 30, representing 53% of the period. With high liquidity based on its market capitalization and growing traction, Fetch.ai will likely be the next cryptocurrency to explode.
Shifting the focus to other crypto news, Hong Kong’s Securities and Futures Commission (SFC) expressed its readiness to authorize retail access to spot virtual asset ETFs. However, the actual launch of such products has lagged behind the United States. According to data from LSEG, US-listed spot Bitcoin ETFs experienced a trading volume of $4.6 billion on Thursday following the SEC approval.
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