Next Cryptocurrency To Explode Sunday, December 17 - Near Protocol, Conflux, Meme Kombat

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Crypto market data today reveals a wide deviation from the explosive crypto gains recorded in the previous week. The global crypto market cap in the last 24 hours decreased by 1%, which amounts to $1.59 trillion. Just like the declining market cap, the trading volume in the market also recorded over 17% decline as the slow pace of the weekend was hard. The crypto market recorded a cumulative $46.79 billion in the last 24 hours, with DeFi printing $7.02.

With Bitcoin and other crypto coins struggling to hold on to their end-of-the-year boom, what should investors expect in the new week?

Next Cryptocurrency To Explode

Anyone who missed out on the INJ bull run or the sudden pump of Bonk will be on the lookout for the next cryptocurrencies to explode. Sadly, the pullback in the market has made it challenging to identify the next big gainers.

However, based on the market performance in the last 24 hours and the overall market narrative. We’ve compiled a list of high-performing tokens, and some of them might put up an explosive run in the new week. The popular Meme Kombat coin, currently on presale, is also Included in the list. MK’s presale performance is gradually gaining the attention of degen investors, meaning it might become the next penny cryptos to explode.

1. Near Protocol (NEAR)

Near recently made history when it recorded 13.9 million transactions in 24 hours. Added to that is a record burn of over 350k NEAR. The news quickly caught the investors’ attention, with the effect still seen across its market data. While that’s coming as a distant update, more recent activity in the NEAR ecosystem has increased the Asset price by nearly 5% in the last 24 hours, giving it a new value of $2.37.

The growing number of active daily users may account for the sudden NEAR price increase. The number is reported to exceed 700,000. The increasing activity is evident in the rising trading volume, which increased by Over 6% in the last 24 hours.

Will NEAR become the next crypto to explode? With the sudden rise in the value of NEAR, is it the best time to accumulate the cryptocurrency? NEAR’s recent data shows that there might be promising times ahead. Primarily, NEAR just crossed its $2.20 resistance and might find the momentum it needs to maintain its uptrend. Moreover, NEAR long-term holders might be looking at a potential for a more bullish trend as indicated by the recent Golden Cross.

A historical record of 13.19m transactions in the last 24 hours and 350k NEAR tokens burned.

That's NEAT! 📸

Inscription is a new mechanism of creating digital assets on blockchain, originating from the Bitcoin network via Ordinals Protocol.

Learn more about the first… https://t.co/u1KyhLLFVP pic.twitter.com/BGK7ZEfF1C

— NEAR Protocol (@NEARProtocol) December 1, 2023

However, the only uncertainty is NEAR’s long-term performance. With the overall performance of altcoin, it is hard to predict the outlook of the token in the coming year. Nonetheless, Adding NEAR to the watchlist might help investors identify the best entry and exit price as its current performance reveals it might present opportunities for sizable gains.

2. Conflux (CFX)

Conflux continues its drive towards the $1 mark with a 7% price increase in the last 24 hours. Today, CFX costs $ 0.199657, has a trading volume of $ 118.66 million tokens, and a market cap of $ 709.26 million. Besides its pumping price, CFX is also seeing volume increase, which, if continued, might put some pressure on its price.

However, how much will it climb before it hits resistance? Generally, CFX’s recent performance has been upbeat, putting up 15 bullish days in the last 30. Besides, its long-term moving average indicates a high probability that it will continue its bullish trend since its 200-day EMA remains lower than its current price.

As it continues its push toward the $0.22 mark, long-term holders may finally start taking some profit. The likelihood of CFX breaking above the resistance this quarter is quite slim. However, with the altcoin rally on the way, it might be best to keep a close watch on the crypto as its chance of reaching $1 in the altcoin rally is high.

More importantly, recent activities in the CFX network suggest that the community is working towards seeing improved performance. CFX has done quite well, having obtained YtD gains of over 131%. Also, the conflux Hydra Network v2.3.3 Upgrade Announcement may have triggered the surge in its price.

🚨 Urgent 🚨

📣 Conflux Hydra Network v2.3.3 Upgrade Announcementhttps://t.co/kxc6ScPb3R

Attention, Conflux Network users! We urgently announce the immediate availability of the Conflux Hydra Network upgrade to version 2.3.3. This update is critical for the continued…

— Conflux Network Official (@Conflux_Network) December 15, 2023

Moreover, With its Microsoft partnership and increased push towards utility, the next quarter might see the value of CFX climb above $0.22 and head toward its $0.3 price.

3. Filecoin (FIL)

FIL is gradually resisting the bearish pressure that’s shaved off over 51% of its price. In the last few weeks, the token has amassed some gains, giving it 81% gains YtD. With the recent decision to look beyond decentralized storage, FIL may finally start living up to its potential. However, is FIL one of the next cryptocurrencies to explode?

By several measures, FIL’s performance shows it might be one of the cryptos to watch in the coming quarter. Its recent partnership with io.net may have helped FIL establish a foothold in the AI sector. Generally, AI assets are recording impressive price gains due to the overall interest of investors in Artificial Intelligence technology. Hence, FIL might ride the wave into the early months of the coming years.

Also, the growing demand for decentralization in the entertainment and media industry may be another trend that FIL will benefit from. FIL still has a long way to go, but it qualifies as one of the cryptos investors should add to their watchlist.

4. Meme Kombat (MK)

Degen investors have been left hanging since the big break of the likes of Pepe. Recently, BONK took the crypto community by storm, making headlines because of its massive gains. However, another upcoming crypto showing potential is the Meme Kombat.

Its presale offering has amassed over 3 million dollars of the 5 million milestone. MK price is currently discounted and offered at $0.246. Due to its inflationary model, its price might be worth $0.257 in the next four days. One of Meme Kombat’s features that sets it apart is the combination of the Steak-to-Earn and Play-to-Earn models it features. So far, over 16,074,516 MK is staked by over 4278 stakers at an APY value of 245%. Additionally, the total reward to stakers is said to be above 3,093,502 MK.

Memecoins are indeed the best way to have fun with your money🌟 pic.twitter.com/aSn2e7CJFN

— Meme Kombat (@Meme_Kombat) December 3, 2023

While investing offers its financial rewards, playing games in the crypto space brings a lot of fun to the investing experience. That is why MK integrates the Play-to-Earn features that reward users for participating in the community. MK’s P2E details are available on its presale page.

Visit the Meme Kombat presale.