Next Cryptocurrency To Explode Sunday, December 31 - Stacks, NEAR Protocol, Bitcoin Minetrix

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It’s a new week, and the market is already setting the pace. In today’s next cryptocurrencies to explode update, we’ll review the top-performing cryptocurrencies and explore their future performance.

However, before getting into the details, what is the outlook of the cryptocurrency market today? Overall, Bitcoin has beat the odds and climbed above the $41k price, a feat that shocked many who have predicted a price decline.

Next Cryptocurrency To Explode

Also, the global crypto market cap maintains its uptrend with 1% gains in the last 24 hours. However, the trading volume recorded a 32% decline in value in the same period. As the crypto community moves closer to the halving year, the anticipation for explosive pumps is high. Also, the Bitcoin Minetrix presale is recording impressive progress. Evidence that it might become the upcoming crypto to explode is undeniable. Below is a quick summary of all investors need to know.

1. Stacks (STX)

Will stacks become the next cryptocurrency to explode? With its relative strength index moving closer to the oversold, Stacks might get closer to a price decline. However, stacks might still have enough room for more bull runs as key indicators reveal potential bullish trends ahead. Currently, its MACD Level (12, 26) shows a value of 0.0370, signaling more bullish potential.

Also, its long-term moving average remains below its current price trend, pointing towards sustained bullish trends. In the last 24 hours, its price climbed by over 5%, and its trading volume reached over $278 million in the early hours of today.

In the last 52 weeks, STX has seen over 599% increase in price and performed better than Bitcoin and Ethereum. With its high liquidity, investors can expect to see growing value over the coming weeks.

Ultimately, if stacks can break above the resistance at $1.5, investors may focus on the $2. Otherwise, it might trend down towards its $0.8 range. Most importantly, investors should keep STX on their watchlist as its trends reveal that it might be one of the best cryptos to buy now.

2. NEAR Protocol (NEAR)

NEAR ranks as one of the top-performing cryptocurrencies this quarter, with over a 100% increase in price in the last 30 days. It’s not the first NEAR price pump recently, as its price has recorded a 300% increase since the start of the rally in October.

Besides its growing price, NEAR also recorded a trading volume value of $200 million in the last 24 hours, a feat that might put more pressure on its price in the coming days. Hence, NEAR bulls are still on the move and may be able to keep their price on the upward trend.

However, will NEAR become the next cryptocurrency to explode? Recent trends show that the glory days of NEAR are not over, as it signals impending bullish trends. The recent surge of daily active users on the network further raises the confidence of holders and investors that there’s a brighter future ahead of the token.

Also, with a sentiment rating of 70 and bullish moving averages on the short-term and long-term signals, traders can expect to see a growing NEAR price for the rest of the quarter, even up to the coming year’s first quarter. There is speculation that holders can expect its price to climb as high as $5 before the end of the next quarter.

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

Nonetheless, NEAR may face hurdles in its push toward recording fresh highs. Its performance is still below the typical trend across major cryptos, including Bitcoin and Ethereum. Hence, the prospect of a protracted rally may fail to materialize as investors’ confidence may weaken with time.

3. Bitcoin Minetrix (BTCMTX)

As the Bitcoin Minetrix community continues the march towards disrupting Bitcoin mining, the door remains open for investors who want to join the project. Its BTCMTX remains on sale at a discounted price of $0.0125.

At press time, Bitcoin Minetrix has raised over $6 million towards its goals. What’s more interesting is that interested investors still have the chance to purchase before the token’s price climbs by a few cents in the coming days.

According to its presale page, investors buying three days from now may have to pay a much higher price to get in. And when it comes to tokenomics, the team puts the community first. A large chunk of the supply is offered on presale, and another sizable chunk is reserved for marketing, community reward programs, and stakes.

Just one day until #BitcoinMinetrix Stage 16 wraps up! ⏱️

What common misconceptions about #Bitcoin mining have you encountered? 🤔 pic.twitter.com/7dzGrEFVxW

— Bitcoinminetrix (@bitcoinminetrix) December 31, 2023

There’s vast potential for BTCMTX in the future, especially as the crypto industry heads towards the halving year. Investors should watch for the token so it might become the next penny crypto to explode. More detailed highlights are available on its presale page.

Visit the Bitcoin Minetrix presale

4. THORChain (RUNE)

RUNE has been trending for its impressive performance in the quarter. However, it recently started trading sideways, making many investors wonder if RUNE is still a safe bet. In the last 52 weeks, RUNE has printed over 300% pump in value, making it one of the biggest gainers in the market. Will RUNE become the next cryptocurrency to explode? RUNE recently faced rejection at the $7.12 range, forcing its price to decline as far as $5.2.

The downward trend, however, presents an opportunity to capitalize on the cheaper price of the asset. With the altcoin rally speculated for the coming year, RUNE is rightly positioned to become one of the tokens to watch.

Nonetheless, can the bulls keep RUNE on the upward trend in the coming quarter? or the rest of the quarter and most of the coming year? The expectations of the crypto community towards the coming year are high, which is currently reflected by the trends across several top cryptos.

One hundred thousand unique swappers in November pic.twitter.com/MDIxXUpjhD

— THORChain (@THORChain) December 2, 2023

Hence, RUNE is poised to hold its gains. Generally, RUNE performance YtD bests Bitcoin, Ethereum, and over 94% of the cryptos on the market. Also, there’s been a significant increase in the transactions across its network, with over a hundred thousand swaps in November alone.

Traders and investors should watch the trends of RUNE closely as it is technically and fundamentally primed to kick into explosive price gains.