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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 $70K and even fell back below 67K in the past 24 hours. 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. That is why today’s article is dedicated to identifying 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. Goatseus Maximus (GOAT)
The crypto market is experiencing ups and downs, influenced by U.S. elections and institutional investments. Amid this, a new meme coin called Goatseus Maximus (GOAT) is gaining attention. Supported by well-known figures like Arthur Hayes, GOAT is showing impressive growth in on-chain activity and attracting many investors.
Crypto whales have started noticing GOAT. Recently, a whale was spotted withdrawing 14,409 Solana tokens from Binance and using the funds to buy GOAT coins. This whale spent $1.72 million to purchase 4.5 million GOAT tokens at an average price of $0.383.
Arthur Hayes, the co-founder of BitMEX, has added excitement by predicting on social media that GOAT could increase in value by 10 times soon. After his comments, the price of GOAT surged to $0.6442, a nearly 55% rise in the last 24 hours.
🐐 Ready to GOAT harder?$GOAT (@gospelofgoatse) is coming to BitMEX Spot for you to deposit, buy, and HODL the hottest AI memecoin.
Deposits for GOAT are already live as of 22 October. Trading for GOAT will go live on 23 October at 04:00 UTC.
More details:… pic.twitter.com/EUXjfcOqiD
— BitMEX (@BitMEX) October 22, 2024
Currently, GOAT has a market cap of $644.15 million and a trading volume of $242.54 million, making it an attractive option. However, investors should remain cautious, as many similar-sounding coins are being launched.
Data from Santiment shows that GOAT, powered by AI, is growing in popularity on social media and in trading activity. With a 190% gain in the past week, GOAT is sparking curiosity about whether it could surpass meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) in the future.
2. Celestia (TIA)
Celestia and modular rollups are boosting Ethereum’s performance and growth, affecting competition among Layer 1 public chains. Chains like BNB Chain and Celo are choosing to integrate with Ethereum as Layer 2 Rollups because of their liquidity and cost benefits. Celestia stands out for its scalability and user-friendly design, making it an attractive choice for developers seeking additional blockchain scalability.
Currently, Celestia (TIA) is trading at $5.87 with a 24-hour trading volume of $129.65 million and a market cap of $1.29 billion. It holds a small market dominance of 0.05%, with a modest price increase of 1.16% in the past day. Despite the ongoing volatility in the crypto market, some experts remain optimistic about certain projects, including Celestia.
It’s time to go bigger 🦣
Announcing results from Mammoth Mini, a testnet averaging ~27MB/s of *permissionless* data throughput in its first iteration.
Mammoth Mini is the community’s next step towards 1 GB blocks.https://t.co/4cKXJBQn64 pic.twitter.com/6EqJT3fKaC
— Celestia 🦣 (@CelestiaOrg) October 22, 2024
According to CoinMarketCap, TIA’s price has risen by 5.6% in one month, reaching $5.9, which is slowly attracting more investor attention. Since its listing in November 2023, TIA has dropped from $21 to $3.76, mirroring the trends seen with many other cryptocurrencies. If the market declines further, TIA could see new lows, though recent optimism suggests a possible recovery if it holds the $8 level.
While short-sellers might expect a price drop, analysts like Burniske believe TIA’s growth potential makes such a decline unlikely. Instead, Celestia’s ecosystem may present a strong long-term investment opportunity beyond short-term strategies.
3. Crypto All-Stars (STARS)
Crypto All-Stars is making waves by raising over $2.5 million, quickly approaching its next million-dollar milestone. The presale, which is divided into 50 phases, ensures a steady price increase. Currently, the token is priced at $0.0015188, and early investors have limited time to act before the price rises in less than two days.
One key advantage for early investors is the chance to earn nearly 1000% return through token staking. This high yield encourages long-term staking, boosting both the token’s demand and value. The reward system offers a great return on investment, making Crypto All-Stars even more attractive.
At the heart of Crypto All-Stars is the innovative MemeVault ecosystem. This platform allows users to stake popular meme coins like Dogecoin, Shiba Inu, and Pepe. It also supports cross-chain staking, letting users stake multiple tokens in a single contract. The platform’s strong security features and flexibility help investors maximize their returns.
The project has gained attention from platforms like Techopedia, CoinGape, CryptoPotato, and Bitcoin.com. These partnerships are increasing its visibility, drawing more participants to the MemeVault ecosystem, and positioning Crypto All-Stars as a rising star in the crypto world.
Another benefit for early investors is the lack of lock-up periods. This means they can sell their tokens at any time, taking advantage of price increases after the token’s launch. This flexibility allows early buyers to purchase Crypto All-Stars tokens at a lower price and potentially enjoy significant profits later.
4. Gigachad (GIGA)
Gigachad, a meme coin based on Solana, has seen a surge in popularity thanks to endorsements from well-known figures like Ernest Khalimov, the face of the Gigachad meme, and bodybuilder Mike O’Hearn. These endorsements have helped push GIGA’s price up by more than 3% in the last 24 hours, raising its market cap to $572.37 million.
The price of Gigachad is showing an upward trend, with higher highs and lower lows throughout September and October. According to GeckoTerminal, the price is consolidating near its recent highs, with bulls successfully driving GIGA above the $0.0510 resistance level. The recent price action suggests a potential ascending triangle pattern.
Gigachad’s price is also trading above both its 50-day and 200-day Simple Moving Averages (SMAs), confirming the bullish sentiment. Additionally, the Relative Strength Index (RSI) stands at 60.56, placing it in the neutral-to-bullish range. It’s neither overbought nor oversold, indicating more room for upward movement before reaching overbought conditions.
While Gigachad is gaining momentum, mainly due to its connections with the fitness world and its sports brand, Giga Fitness, meme coins like GIGA often depend heavily on social media buzz. Though it might offer short-term profit opportunities, its long-term success will rely on sustaining interest and continuous innovation beyond celebrity endorsements.
"They're kicking off the new NBA season by replaying old highlights? That's like opening night with yesterday's news! 'Gigachad' stepping over Ty Lue—great moment, but let's see something new. And plugging Instagram like it's the next big thing? Come on, folks, time to innovate!" https://t.co/zQnDuLVTXa
— Fuck Web3 Projects (@fuckallweb3) October 22, 2024
With an active community and engaging posts, GIGA is starting to make its mark in the crowded crypto space. The interest from large investors suggests excitement and potential for further growth in the meme coin market.
5. Internet Computer (ICP)
The Internet Computer (ICP) is making significant progress with new updates designed to strengthen its ecosystem. Recent efforts include launching new developer tools and improving documentation, making smart contract development easier. Moreover, ICP’s community-driven governance allows both developers and users to contribute to the platform’s growth through collaborative initiatives.
Currently, the price of Internet Computer (ICP) stands at $8.12, reflecting a 2.52% increase in the last 24 hours. The asset is consolidating within a symmetrical triangle pattern, indicating that a significant price movement may be on the horizon. Traders are closely watching key support and resistance levels for signs of a breakout or breakdown.
Looking ahead, the short- and long-term outlook for ICP seems positive. By the end of 2024, price forecasts range between $11 and $55, with most estimates falling between $25 and $35. Some experts also predict that ICP will rise further, reaching between $120 and $130 by May 2025.
This period will coincide with the final unlock of ICP tokens from SEED investors, which could influence the price due to increased market liquidity. By the end of 2025, ICP’s price is expected to range between $160 and $180, with optimistic projections suggesting it could hit $250 to $300.
Data lovers, this one's for you.#ICP recently crossed 6 TB of data stored on ICP.
To put it in perspective, the total size of Ethereum is 1.17 TB. That's over 5x more data being stored on ICP 👏 pic.twitter.com/qebxbnGHmX
— DFINITY (@dfinity) October 23, 2024
In addition, ICP is exploring cross-chain integrations, including interoperability with Bitcoin. This move could enable decentralized finance (DeFi) solutions on Bitcoin powered by ICP. These advancements position the Internet Computer for wider adoption in the Web3 space, with growing momentum driven by strategic partnerships, technological progress, and increased adoption. The overall outlook remains bullish for the Internet Computer ecosystem.
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