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The altcoin market looks promising, and many altcoins are recording gains. Bitcoin (BTC) tested a new all-time high of $81K, and it is closing in on 82K. Moreover, the market looks bullish, so investors and analysts are optimistic. 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 various altcoins are already showing positive movements, even before the market takes off entirely. Today’s article will identify the next cryptocurrencies to explode and inform investors and traders about each token.
Next Cryptocurrency To Explode
Savvy investors anticipate 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. SolarX (SXCH)
SolarX introduces the world’s first eco-friendly cryptocurrency miner powered by solar energy. Unlike traditional mining projects with high energy demands and environmental impact, SolarX uses renewable energy, making it a unique and sustainable option.
At the heart of SolarX’s ecosystem is SXCH, the native token on its Layer 1 blockchain. Built as an ERC20/EVM-compatible fork from Ethereum, SXCH powers various applications on the SolarX platform. The open-source SolarX blockchain allows projects to use its miners as nodes, enabling the community to mint and mine tokens. By involving the SolarX community in mining, these projects gain a secure and fully verified network. The miners serve as complete nodes, handling confirmations, constructions, and approvals.
Get ready, #SXCH community! On November 22, more coins will be added to our mining platform, unlocking multi-coin mining for the first time! 🌞
We're bringing a revolution in #crypto mining, making it easier than ever to mine multiple assets at once.
Stay tuned for more updates… pic.twitter.com/zem9DTtNmm
— SolarX (@solarxchain) November 9, 2024
SXCH’s price today stands at $0.0318, reflecting a 3.14% increase over the last 24 hours. Its market cap also rose by over 3% to $1.41 million, with 24-hour trading volume reaching $4.02 million, up by 2.84%. The SXCH price sentiment is currently bullish, with a Fear & Greed Index of 69, signaling a positive outlook for growth.
With strong fundamentals, SXCH shows promise for future growth. If SolarX announces new partnerships, SXCH’s price could surpass $1.52. If the market trend stays bullish, the average price might reach up to $0.19 this year. However, if the market declines, the token’s value could dip to a low of $0.009 in 2024.
2. FTX Token (FTT)
FTX Token (FTT) has recently shown notable resilience, gaining over 10.70% to trade at $2.07. Over the past week, FTT surged by 30.60%, positioning it as a standout performer in the market. On the 1-hour chart, FTT is forming a symmetrical triangle pattern, indicating that a breakout could be close as the price consolidates. Many traders are closely watching for a potential sharp move.
If FTT breaks above the downtrend line at $2.10, bullish momentum could drive the price even higher. Alternatively, FTT might test its support level around $2.01. A bounce here could signal an upward breakout. In either case, a move out of this symmetrical triangle could push FTT toward its next key resistance at $2.15.
Currently, FTT trades between $1.5907 and $2.2862, staying above its 100-day simple moving average of $1.96. This positioning supports an upward trend. The Relative Strength Index (RSI) is around 51, indicating neutral momentum. The nearest resistance level lies under $4, and if FTT can surpass this, it may target the next resistance at $5.50, offering substantial growth potential. While FTT saw a minor 3.66% dip last month, the overall trend remains positive.
The FTX Debtors today announced that the United States Bankruptcy Court for the District of Delaware has confirmed FTX’s Plan of Reorganization. Read about it here: https://t.co/kETV0rgs0v
— FTX (@FTX_Official) October 7, 2024
In other news, the FTX bankruptcy estate is actively filing lawsuits against various cryptocurrency firms as part of its ongoing proceedings. Recently, a group of firms involved in the FTX bankruptcy filed a lawsuit against Binance, seeking to recover $1.8 billion. The complaint, filed on November 10, claims that Binance, along with former CEO Changpeng “CZ” Zhao and other executives, received $1.76 billion in a fraudulent transfer from FTX.
3. Crypto All-Stars (STARS)
Crypto All-Stars is an intriguing new project that has entered its presale phase and is launching at a pivotal time. It introduces MemeVault, a unique meme coin staking platform. MemeVault allows investors to stake popular meme coins for combined rewards, offering both growth and passive income opportunities. Unlike traditional staking, MemeVault uses the ERC-1155 standard, which makes managing multiple tokens more efficient.
The platform’s native token, $STARS, is key to maximizing rewards. When the protocol launches, $STARS will enhance returns, making it valuable for users seeking higher gains. In terms of security, Crypto All-Stars has undergone thorough vetting, with audits from Coinsult and SolidProof verifying its integrity. Its tokenomics are carefully planned, with 20% allocated for presale buyers, 25% each for presale staking rewards and the MemeVault ecosystem, 20% for marketing, and 10% for CEX and DEX liquidity.
This structured approach reflects the developers’ commitment to long-term growth. Interest from investors is rising, with over 15,000 followers on X and more than 3,000 active members in the Telegram community. The $STARS presale has raised over $3.3 million, with tokens priced at $0.0015556, though this price will increase soon. Investors can buy tokens using crypto or credit cards, with claims likely available just before the DEX listing.
Overall, Crypto All-Stars, with its fun theme and promising rewards, brings excitement to the meme coin scene. It presents an appealing option for crypto enthusiasts who are open to some risk in exchange for potentially high returns.
Visit the Crypto All-Stars Presale
4. Echelon Prime (PRIME)
Echelon Prime, the gaming ecosystem behind the Sci-Fi card game Parallel, is capturing attention with its PRIME token. Recently, PRIME surged over 13% in price, reaching $8.44, while its liquidity has also improved. The market cap-to-volume ratio stands at 0.087, signaling a steady increase. Additionally, the 14-day Relative Strength Index (RSI) is at 65.68, indicating that PRIME is in neutral territory and may remain stable for now.
Over the long term, PRIME shows strong momentum, trading significantly above its 200-day simple moving average, up by 104.13% from $4.13. Over the past year, PRIME has grown 85.62%, outperforming 57% of the top 100 cryptocurrencies by market cap.
On October 1, Echelon Prime unlocked nearly 752,000 PRIME tokens, totaling about $7.71 million and making up 1.57% of its fully diluted market cap, which is currently valued at $1.13 billion. This unlock represents 0.68% of the total token supply, with 37.4% of all tokens unlocked to date.
Utility for $PRIME continues to grow.
Buy Aftermath packs from @ParallelTCG in $PRIME and get $PROMPT once released. https://t.co/33QvtwWyHo
— Echelon (@EchelonFND) November 6, 2024
Another significant unlock, valued at $6.4 million, is scheduled for November 16, representing over 1.5% of the total token supply. These scheduled unlocks impact market dynamics, potentially increasing buying and selling activity and influencing token prices.
5. cat in a dogs world (MEW)
The meme coin Cat in a Dog’s World (MEW) recently reached a new all-time high of $0.01136 on October 24, as meme coins gained popularity. However, MEW’s price has seen some ups and downs since the outlook remains positive. The daily and weekly charts show impressive gains, with MEW surging over 58% in the past month. Additionally, MEW’s 24-hour trading volume has spiked by 217.13%, reaching $617.17 million, highlighting its growing popularity.
Currently, MEW is trading around $0.01077, reflecting a 9.14% increase in the last 24 hours, bringing its market cap to approximately $958 million. According to CoinMarketCap, Cat in a Dog’s World now ranks as the 80th largest cryptocurrency and holds the 10th spot among meme coins, surpassing others like Mog Coin (MOG) and Goatseus Maximus (GOAT).
On October 24, crypto exchange Bitstamp added new MEW trading pairs, including MEW/USD and MEW/EUR. Data from Coinglass shows that MEW’s open interest rose by 59%, reaching over $211 million. MEW liquidations totaled $2.47 million in the last 24 hours, with $1.79 million in short liquidations, indicating a strong bullish sentiment around the token.
Technically, MEW is trading above its 9-day EMA, signaling an upward trend. Its Relative Strength Index (RSI) is at 61.36, suggesting that MEW is nearing overbought levels, which could indicate sustained momentum. The token’s sentiment remains bullish, with a Fear & Greed Index score of 69 (Greed), showing optimism for a continued uptrend in MEW’s value.
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