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The altcoin market looks promising, and many altcoins are recording gains. Bitcoin (BTC) is still struggling to return to its all-time high of $73K but managed to go back above 67K in the past week. 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. Safe (SAFE)
Safe (SAFE) is the native token of the Safe ecosystem, widely recognized as the largest smart account ecosystem on the Ethereum Virtual Machine (EVM). Safe offers a secure, flexible infrastructure for decentralized applications (dApps) and decentralized finance (DeFi) projects, attracting users and developers. The platform has already secured over $100 billion in value and supports over 200 projects, such as Gnosis Pay and Worldcoin. These projects are deployed across 15 networks using Safe’s Smart account standard.
Today, SAFE’s market cap rose 1.92% to $504.62 million, while its 24-hour trading volume grew 14.50% to $32.52 million. SAFE trades significantly above its 200-day simple moving average (SMA) by more than 8,700%. The bullish market sentiment and a Fear & Greed Index score of 69 (Greed) indicate a strong sense of optimism and potential for continued growth in the Safe ecosystem.
— Safe (@safe) November 1, 2024
Binance Futures recently launched a new trading option by listing the SAFEUSDT perpetual contract on October 25, 2024, at 12:30 (UTC). This contract allows users to trade Safe (SAFE) against USDT with up to 75x leverage, expanding Binance’s range of trading tools to meet the rising interest in Safe and other emerging tokens.
Following the listing, the price of Safe jumped 10% within minutes, adding to its impressive 85% gain over the previous week. Traders are closely monitoring Safe as it gains momentum in the decentralized finance (DeFi) space. The Safe ecosystem is a leading smart account platform that secures over $100 billion in assets and supports over 200 projects, strengthening its position in the market.
2. ApeCoin (APE)
ApeCoin (APE) recently experienced a 2.55% price increase over the past 24 hours, continuing an upward trend today. This gain is primarily linked to last month’s launch of ApeChain, a Layer-3 blockchain built on Arbitrum Orbit, which has quickly attracted attention from crypto fans and investors.
According to Camelot DEX, ApeChain recorded $5 million in trading volume within the first three hours of its debut. Following this launch, ApeCoin’s total on-chain volume surged by nearly 3000%, nearing the $1 billion mark.
ApeChain brings added value by allowing users to transfer tokens between ApeChain, ETH, and Arbitrum (ARB) chains. Holding APE on ApeChain also automatically earns users a native yield, increasing the project’s appeal and potential for future growth.
Ticket claims for Vegas F1 Weekend ON APECHAIN start Monday, Nov 4th @ 9AM PT.
Spotlight Snapshot tomorrow 📸
First claim goes to the Top 100 from our Spotlight leaderboard, but you MUST link a working email with your Spotlight profile so we can reach out.
Details below ⬇️ pic.twitter.com/7tLr6uS7V7
— ApeCoin (@apecoin) November 2, 2024
ApeCoin is showing positive technical momentum, breaking a downward trendline that has limited its price since June. Currently priced at $1.02, up from $0.98 yesterday, ApeCoin has the potential to stay above the $1 mark and may even move closer to $2 if this trend continues. However, analysts are cautious, noting that some long-term holders are selling APE, and Bitcoin’s current performance could impact its future price.
Additionally, ApeCoin’s 14-Day Relative Strength Index (RSI) is at 47.36, signaling a neutral position. This neutrality suggests the token may continue to trade sideways, awaiting further market cues for a potential move.
3. Crypto All-Stars (STARS)
Crypto All-Stars ($STARS) has started November on a high note, nearing the $3 million mark in its presale after raising over $2.92 million. This meme coin project plans to launch a staking protocol called “MemeVault,” which will aggregate top meme coins for combined rewards, capturing interest in what meme assets can achieve.
With the crypto market entering its historically strongest month, the launch of MemeVault may encourage long-term holdings and drive a new wave of meme coin popularity. Once the protocol goes live, early investors in $STARS could see up to three times the staking rewards.
Currently priced at $0.0015371 per $STARS, the token is at its lowest presale price. The fast-growing presale funds hint at strong interest and potential demand when $STARS debuts on major exchanges. However, this price won’t hold for long; it’s set to rise to $0.0015432 in less than 24 hours as more investors participate in the next funding round.
Crypto All-Stars’ upcoming MemeVault offers investors more than just staking rewards; it allows returns that could match the gains from simply holding meme coins. The platform makes staking easier by combining top meme coins, so users don’t need to manage multiple protocols. This setup lets investors earn up to three times the rewards by holding $STARS tokens.
Moreover, $STARS tokens have their staking protocol and deliver a high annual yield of 529% APY. This means investors have the potential for capital gains and passive income. As a bonus, $STARS tokens act as a multiplier for staking returns, boosting income potential for holders even further.
4. Flare (FLR)
Flare is an interoperability protocol that connects different blockchains, making it easier for decentralized applications (dApps) to access data from other chains and the broader web. This feature allows developers to integrate real-world data into their dApps, creating more interactive user experiences and new earning opportunities.
Flare’s price is $0.01351 at press time, up 2.70% in the last 24 hours. Market sentiment remains bullish, with projections suggesting that FLR could reach $0.0619 by year’s end. This positive outlook comes from Flare’s unique interoperability, low transaction fees, and growing ecosystem.
Recently, Flare introduced flrETH, a liquid Ethereum staking option developed by Dinero. This service allows users to stake their ETH on Flare, earn rewards, and still maintain liquidity for additional uses within Flare’s DeFi ecosystem.
1/ Industry-leading ETH staking yield on @FlareNetworks is here.
Here is WHAT, WHY & HOW to participate 👇🧵 https://t.co/K10gQrSPxk
— Flare ☀️ (@FlareNetworks) November 1, 2024
Flare has also launched Blockchain Machine Images, simplifying blockchain node deployment on the Google Cloud Marketplace. This service provides a cost-effective and reliable node infrastructure, allowing Web3 developers to deploy nodes quickly and affordably. Unlike other platforms that charge up to $2,000 monthly, Flare’s dedicated node service costs around $300, offering a significant advantage for businesses focused on reducing infrastructure expenses.
5. cats in a dogs world (MEW)
The meme coin Cat in a Dog’s World (MEW) reached a new all-time high on October 24, hitting $0.01136 as meme coins gained popularity. Since then, MEW’s price has seen some fluctuations, yet the outlook remains hopeful.
Although the daily and weekly charts show small losses, MEW has surged by over 86% in the past month. Its 24-hour trading volume rose by 18.18%, reaching $141.86 million, indicating its increasing popularity.
As of press time, MEW trades around $0.009034, reflecting a 0.38% drop in the last 24 hours, with its market cap now at about $803 million. According to CoinMarketCap, Cat in a Dog’s World is ranked the 78th 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 introduced new trading pairs for Cat in a Dog’s World (MEW), offering MEW/USD and MEW/EUR globally. Futures data from Coinglass shows that MEW’s open interest rose by 59%, reaching over $211 million. Additionally, MEW liquidations totaled $2.47 million in the last 24 hours, with short liquidations at $1.79 million, pointing to a strong bullish sentiment around the token.
From a technical perspective, MEW’s price is above the 9-day EMA, signaling an upward trend. The Relative Strength Index (RSI) stands at 61.36, indicating that MEW is approaching overbought levels and suggesting continued momentum. Moreover, MEW’s price prediction sentiment remains bullish, with a Fear & Greed Index score of 69 (Greed), highlighting the growing optimism around the token’s potential uptrend.
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