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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, hoping to find support for its next big move. 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 these various assets are climbing, 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
Smart investors are anticipating 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. UMA (UMA)
UMA aims to make global markets more fair and accessible through decentralized financial contracts. Built on Ethereum’s blockchain, UMA allows users to create financial derivatives like futures contracts and synthetic tokens.
At the heart of UMA’s technology is the Optimistic Oracle, which operates on a “true unless disputed” principle. Unlike traditional oracles that provide immediate data finality, UMA’s Oracle allows human input to resolve disputes through token holder voting. This adds a layer of intelligence and flexibility, making it valuable for Web3 projects that need nuanced data validation. UMA also prioritizes security, with thorough audits conducted by OpenZeppelin.
In the past 24 hours, UMA’s price has increased by 6.27%, reaching $2.31. The token’s strong liquidity is highlighted by its market cap-to-volume ratio of 0.5492, suggesting growth potential. The 14-day RSI of 58.11 indicates a neutral trend, with possible sideways trading. However, UMA’s 35.19% rise above its 200-day SMA shows solid performance. Additionally, the 68.59% price growth over the past year underscores its bullish trend.
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TxVS measures all volume enabled by the Optimistic Oracle. 🔮 pic.twitter.com/PlQO0KZA39
— UMA 🥚 (@UMAprotocol) August 28, 2024
If regulatory and technological conditions align, UMA’s average price could reach $55 by 2025, with potential peaks around $75. This forecast considers increased utility and mainstream acceptance of cryptocurrencies, potential positive impacts from the broader tech sector, and reduced inflation rates.
2. Artificial Superintelligence Alliance (FET)
The price of the Artificial Superintelligence Alliance (ASI) surged by 5.87% in the last 24 hours, reaching $1.18 as of 07:58 a.m. EST, with trading volume increasing by 5.89% to $2.96 billion, according to CoinMarketCap. This rise in interest comes after a successful merger between Fetch.ai, SingularityNET, and Ocean Protocol, particularly following Nvidia’s strong quarterly earnings.
Since early August, ASI has been consolidating around the $0.89 range. However, in the past week, bulls have gained control, pushing the price to $1.46 before facing resistance and correcting slightly, forming a rounding top pattern.
FET trades above the 200 Simple Moving Average (SMA) on the 4-hour chart, indicating a sustained bullish trend for the Artificial Superintelligence Alliance. Continued bullish pressure could push FET above the immediate resistance at $1.23 (50 SMA). Additionally, the Relative Strength Index (RSI) is rising, currently above the 50-midline at 53, signaling ongoing buying pressure.
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One savvy crypto investor took advantage of the market by swapping billions of Shiba Inu (SHIB) tokens into FET, turning losses into significant profits. Lookonchain, a crypto analytics platform, reported that the investor exchanged 255.62 billion SHIB ($3.5 million) for 3.114 million FET, recovering a 45.9% loss from Shiba Inu investments.
If investor interest continues, FET could keep rising. A breakout above $1.46 might push the ASI price into the $1.72 to $1.85 range.
3. Crypto All-Stars (STARS)
Crypto All-Stars is a blockchain project with its native token, $STARS, aiming to revolutionize the meme coin and staking sectors through its innovative ‘MemeVault’ protocol. MemeVault is a staking system designed for various popular meme coins.
Using Ethereum’s ERC-1155 multi-token standard, MemeVault can accommodate meme coins from any blockchain, including Dogecoin, Shiba Inu, Pepe, Floki Inu, Brett, Bonk, and Mog Coin. This feature allows meme coin holders to generate income from their tokens without selling them. Crypto All-Stars is poised to make a significant impact with its unique features, particularly the unified staking system within the MemeVault ecosystem.
Access to the platform requires holding $STARS, directly linking its demand to its success. The more $STARS tokens one holds, the greater the potential earnings. Although MemeVault hasn’t launched yet, $STARS holders can already start using their tokens.
The Crypto All-Stars team has also developed a native staking mechanism that will launch alongside its presale. Investors who purchase $STARS during the presale can start staking their tokens immediately, benefiting from substantial rewards.
The project is gaining impressive momentum, having already raised nearly $900,000, and is on track to reach $1 million soon. Investors can buy $STARS tokens for just $0.0014135 each, using $ETH, $USDT, or a bank card. The presale offers various pricing tiers, with token prices increasing as the presale progresses.
Visit the Crypto All-Stars Presale
4. Mog Coin (MOG)
Mog Coin has recently gained attention as analysts discuss its potential to outperform established meme tokens like Shiba Inu. According to a recent report, Mog Coin is emerging as a strong contender in the meme coin market, appealing to those looking to maximize profits. Its appeal stems from strong community support and strategic marketing, which have helped it gain traction quickly.
Mog Coin has shown a 5.79% price increase over the past 24 hours despite challenges in the broader crypto market. This rise in interest is partly due to its active community and the momentum it has gained since its launch. With a market cap of over $344 million, Mog Coin is growing in popularity among meme coin enthusiasts.
Key factors behind Mog Coin’s recent success include its strong presence on social media, which has kept the community engaged. For those seeking quick profits, Mog Coin offers affordability and significant growth potential. Its ability to recover from market corrections has further strengthened its position.
While Mog Coin has had a promising start, it still faces tough competition from more established coins. Investors should carefully weigh the opportunities and risks of this emerging project, as its long-term success is yet to be determined.
5. SuperVerse (SUPER)
SuperVerse is a forward-thinking initiative that focuses on developing advanced Blockchain products. Central to this ecosystem is the SUPER coin. This coin powers revenue generation and enables various functions within SuperVerse’s product suite.
Moreover, SuperVerse offers a range of tools designed for content creators. These tools aim to enhance audience engagement and provide essential resources. As a result, creators can build and maintain their communities more effectively. With these tools, content creators can deliver interactive and captivating experiences, thus expanding their reach and influence.
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Currently, SuperVerse is trading at $0.6924, showing a 3.71% increase in the last 24 hours and a 1.74% increase over the past 30 days. Analysts predict that the SUPER coin could soon rise to $0.951. Furthermore, the long-term outlook is promising, with projections suggesting the price could reach $1.77 within a year, a significant 155.63% increase.
Looking ahead to 2025, SuperVerse might average $16 per coin. Expanded regulatory clarity and strong growth in the tech sector could drive this. Moreover, these factors and reduced inflation could boost the utility and value of cryptocurrencies, pushing their prices upward. The highest price is expected to reach $22 per coin, driven by the continued rise in cryptocurrency adoption.
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