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The crypto market is filled with investors looking for the next big thing poised to impact and potentially hit explosive growth significantly. However, the crypto market is dynamic; therefore, identifying the next cryptocurrency to explode becomes a great interest and anticipation topic. This article simplifies the search for investors and market enthusiasts with a compiled list of the next crypto to explode.
Next Cryptocurrency To Explode
Market trends and opportunities are shifting rapidly, with traders eagerly watching the space. As investors await the next crypto to explode in the upcoming bull run, the spotlight is on three contenders: Tezos, Astar, and Chainlink. These tokens are generating significant buzz and attention. Moreover, Bitcoin Minetrix makes the list after amassing over $8,917,817 in its ongoing presale.
1. Astar (ASTR)
Astar Network (ASTR) is positioned as a significant player in advancing global adoption and delivering web3 technology to a broad user base. Recently, the project announced key milestones on its official X account, revealing that it now boasts over 650,000 ASTR holders. This statistic highlights the rapid acceptance of Astar Network within the Web 3.0 ecosystem.
Moreover, to complement this achievement, the total ASTR tokens staked in projects within its ecosystem have surpassed 3.4 billion. Furthermore, Astar has a circulating supply of only 5.50 billion ASTR, as per Coincodex data. This update has led to a positive shift in the price of ASTR; the token is trading at $0.1798, reflecting a 7.51% increase in the past 24 hours.
Similarly, ASTR had a weekly surge of 19.21%, placing it among the top-performing altcoins in the market. Plus, ASTR has seen an impressive 328% price increase last year, outperforming 90% of the top 100 cryptocurrencies. Astar Network attributes its success to its growing community and widespread adoption.
🌟 We've surpassed 650K Holders! 🎉
With over 3.4 billion ASTR staked to projects!
What are the key drivers to our growth, you ask?
Easy! Various teams being incentivized to build on Astar have introduced some exciting new products, as well as activities for their supporters… pic.twitter.com/TxjrzhZYT0
— Astar Network (@AstarNetwork) January 17, 2024
Furthermore, Astar Network is gearing up for a major rebranding initiative, Astar 2.0. The project aims to enhance network functionalities, anticipating further adoption that aligns with its long-term growth ambitions.
On another note, Astar Network has achieved significant milestones in user adoption and token staking within its ecosystem. The positive market response and plans for a major rebranding position ASTR as the next cryptocurrency to explode.
2. Tezos (XTZ)
EMERGE Group has partnered with TZ APAC to boost Web3 gaming on the Tezos blockchain. The primary objective of this collaboration is to provide marketing solutions and support for publishing partnerships within the gaming industry.
Moreover, this development aligns with a rally in Tezos’ market value, indicating an upward movement in its price. Tezos’ value has increased by 6.51% in the last 24 hours, with a corresponding surge in trading volume to $58.06M. Due to the neutral overall market sentiment, traders hold onto their coins in anticipation of a potential bullish rally.
Last year, Tezos demonstrated a consistent growth trend, boasting a 4% increase in price. The token is currently trading above its 200-day simple moving average. In addition, Tezos maintains a yearly supply inflation rate of 5.49%, creating 50.35 million XTZ in the last year.
Excited about Web3 wallets and the Tezos ecosystem?
Watch the latest video here: https://t.co/KJSqWkfL0U
Perfect for those wanting a foundational understanding of Web3 wallets from a user's perspective.@beatkalipska
— Tezos (@tezos) January 15, 2024
However, investors should note that Tezos only witnessed positive gains on 13 days in the last 30 days, indicating a lack of sustained positive momentum. Furthermore, XTZ ranks #14 in the Proof-of-Stake Coins sector and #1 in the Tezos Network sector. Tezos exhibits high liquidity based on its market cap and is actively traded on the Binance platform.
This collaboration between EMERGE Group and TZ APAC signals a move towards advancing Web3 gaming on Tezos. Investors are encouraged to conduct thorough research and risk analysis before considering Tezos as an investment option.
3. Chainlink (LINK)
Gains Network has joined forces with Chainlink. Chainlink’s robust infrastructure is set to play a role in gTrade’s customized Decentralized Oracle Network (DON), primarily utilized for price validation. As part of Gains Network’s comprehensive cross-chain roadmap, gTrade aims to enhance data accuracy and cross-chain interoperability.
Moreover, this is done by integrating Chainlink’s Data Streams and Cross-Chain Interoperability Protocol (CCIP) into its trading platform. Furthermore, Data Streams will be leveraged to secure crucial aspects of trading operations, including trade execution, conditional orders, and liquidations. Chainlink’s multiple nodes will fetch median prices from diverse exchanges, ensuring timely and accurate market information.
This integration marks a significant step for gTrade, promising improved reliability and decentralization. Beyond that, it opens the door for future integrations aligned with gTrade’s evolving needs. However, LINK has demonstrated a notable uptrend despite the cryptocurrency market experiencing a downturn.
.@GainsNetwork_io is integrating #Chainlink Data Streams and CCIP to help secure onchain trading and power cross-chain governance and staking.
How the Chainlink platform unlocks next-gen DeFi ⬇️https://t.co/EaD7RQOkRh
— Chainlink (@chainlink) January 18, 2024
This week alone, LINK has witnessed an 11.34% increase in value over one week. It is currently trading at approximately $15.82. As a result, Chainlink is a standout player amid market fluctuations. Chainlink has demonstrated remarkable strength by outperforming Bitcoin and Ethereum.
The token also ranks 1st in the DeFi Coins sector and 2nd in the Ethereum (ERC20) Tokens sector. The sustained growth of LINK reflects its resilience and potential utility within the crypto market. Nevertheless, it is crucial to acknowledge that Chainlink is trading at a 70% reduction from its all-time high.
4. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix is set to revolutionize the landscape of Bitcoin cloud mining with its innovative Stake-to-Mine mechanism, facilitated by smart contracts. This mechanism is automated through smart contracts. It, therefore, aims to establish a secure and efficient ecosystem between blockchains, addressing the limitations associated with traditional cloud mining.
BTCMTX has successfully raised over $8,917,817.82 out of its $9,509,882 target. Moreover, potential investors still have a 15-hour window to make purchases before the token’s price experiences a slight increase.
The project has received substantial attention during its presale phase, positioning itself as the next cryptocurrency to explode. In addition, this traction suggests a strong ability to engage participants and secure funding, indicating a noteworthy market interest in its unique staking mechanism.
Big accomplishment for #BitcoinMinetrix!
Surpassing the $8,600,000 milestone! 🌐 pic.twitter.com/r3i9wdtSbg
— Bitcoinminetrix (@bitcoinminetrix) January 17, 2024
In conclusion, Investors must thoroughly evaluate the project’s claims and staking structure before making decisions. Furthermore, understanding the intricacies of Bitcoin Minetrix‘s approach will be crucial to assess this promising investment opportunity.
In other crypto news, MicroStrategy is currently piquing investors’ interest in cryptocurrency. While this might appear counterintuitive, a closer look reveals a strategic move that could potentially lead to substantial gains – a surge of 100% or more within the upcoming year.
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