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The crypto market has some new cryptocurrencies making the rounds as they lead the gainers’ chart. This is a follow-up to our last publication, even though the market experienced a downturn in the last 24 hours.
Next Cryptocurrency To Explode
The market’s situation is not too far divorced from the expected SEC decision over Bitcoin ETFs. The next cryptocurrency to explode emulates the market’s sentiment at a time.
1. IoTeX (IOTX)
Amidst the rapid movements in the crypto market, several projects are deploying various strategies to prime their assets. One of the most common ones in this period is airdrops, and IoTeX is included in giving.
The project came up with the airdrop as a means of rewarding existing token holders and serving as a gesture of appreciation towards the community. What makes the IoTeX Airdrop stand out is its distinctive offering. Participants not only receive free tokens but are entitled to $500 along with governance tokens. These governance tokens enable active involvement in upcoming decisions regarding the project’s trajectory. It presents an enticing opportunity for enthusiasts keen on decentralized finance and community-driven initiatives.
The essence of the IoTeX Airdrop transcends merely acquiring free crypto. It’s a further invitation to partake in a community-led token initiative. The airdrop participants are expected to actively contribute to shaping the project’s future, fostering a sense of ownership and engagement within the IoTeX ecosystem.
Furthermore, participating in the IoTeX airdrop is more than just about reaping the rewards. This airdrop participation is an avenue to become an integral part of a governance token initiative. Staying informed and involved not only amplifies the benefits of this airdrop but also positions individuals to play a pivotal role in decentralized finance, enhancing their influence within the ecosystem.
As the crypto landscape continues to evolve, being well-informed and security-conscious is paramount. Participation in initiatives like the IoTeX airdrop necessitates a vigilant approach to ensure the safe and informed navigation of the crypto sphere.
Trade some of the hottest tokens on the market — unwrap the gift that keeps on giving. 🔥🎁 https://t.co/AcfMoq5F0T
— IoTeX (@iotex_io) December 20, 2023
The IoTeX airdrop beckons not just as an opportunity to accumulate tokens but as a call to actively shape the future of a burgeoning crypto project. It amplifies the voices of those engaged in the ecosystem.
The token soared, in the last 24 hours, by 28.07%, with a 99.40% increase over the past week, reaching a current price of $0.064238. It has a 24-hour trading volume of $138.99 million, showing heightened investor interest and activity. With a circulating supply of 9.4 billion IOTX tokens, IoTeX now holds a market cap of $603.42 million.
2. Solana (SOL)
Still benefitting from airdrops, Solana’s SOL has triumphed over many crypto assets in the market. It is actively reclaiming its prestigious position as the fifth-largest cryptocurrency by market capitalization. This remarkable feat underscores Solana’s incredible surge, skyrocketing by over 700% since hitting its market low at the close of 2022, now boasting a valuation exceeding $36 billion. It has steadied its feet as the next cryptocurrency to explode.
Solana’s ascent has been nothing short of spectacular, experiencing a surge in on-chain activity over recent months, aligning with the broader bullish momentum in the cryptocurrency landscape. Notably, Solana has outpaced larger blockchains like Ethereum, which is especially evident in decentralized exchange trading volumes.
In the past 24 hours, Solana has seen a huge rise in its decentralized exchange volume, surpassing $9 billion. Impressively, this eclipses Ethereum’s DEX volume, which stood at $8.836 billion, as reported by DefiLlama.
Solana’s spotlight intensified through notable events such as the JITO airdrop, rewarding select users with substantial five-figure sums. Furthermore, the blockchain garnered attention with the rise of memecoins like BONK, ranking as the third-largest meme token after Shiba Inu and Dogecoin.
The Solana ecosystem also rose due to the introduction of its Saga mobile phone. It resulted in an astronomical surge in market price from an initial $600 to an astounding $5,000 per unit. This surge in value stemmed from the discovery of free BONK tokens that were airdropped to device owners.
Your art. Your audience. Your Solana. 🎨
Solana is a home for creators. Join the ecosystem of over 350k creators who have already minted 110M+ NFTs and earned over $1B.
Explore resources and sign up for news and updates crafted just for you: https://t.co/9zc4qF2R6P pic.twitter.com/inQAxVoF92
— Solana (@solana) December 20, 2023
The enthusiasm surrounding Solana’s resurgence is set to continue, fueled by the anticipation of forthcoming airdrops and token launches. Participants eagerly await the Jupiter airdrop, confirmed for January 2024, amid widespread expectations for the 2024 bull market cycle.
As Solana continues to make waves in the crypto sphere, the anticipation for upcoming airdrops and token initiatives underscores a promising trajectory for the blockchain, solidifying its position as a force to be reckoned with in the evolving landscape of digital assets.
3. Bitcoin Minetrix (BTCMTX)
The ongoing 14th stage of the Bitcoin Minetrix (BTCMTX) presale is swiftly approaching its finale, positioning this nascent asset as the next cryptocurrency to explode. Having already amassed an impressive $5.6 million in funding, the BTCMTX token presale continues to gather momentum, drawing attention from investors seeking lucrative opportunities in the crypto market.
BTCMTX distinguishes itself by offering a unique proposition: Bitcoin mining rewards facilitated through tokenized staking. This innovative approach eliminates the need for costly personal mining rigs, enabling users to generate “mining credits.” These credits provide access to cloud mining, allowing individuals to earn Bitcoin passively by staking BTCMTX.
The staking mechanism employed by BTCMTX doesn’t just unlock mining rewards but also offers attractive APY yields of up to 109%. This dual-income model, combining mining and staking rewards, positions BTCMTX as a compelling choice for investors seeking passive income opportunities within the crypto sphere.
The project’s swift rise to prominence as a top contender among today’s best crypto assets is primarily attributed to its forward-looking vision and groundbreaking features.
BTCMTX has outlined an ambitious post-launch roadmap that has captured the interest of potential investors. This roadmap includes plans for exchange listings, expanded marketing endeavors, development of mobile and desktop applications, and forging new mining partnerships.
#CryptoCommunity, your questions, our answers…
'What benefits does #Bitcoin mining offer compared to buying #BTC?' 🤔
💡 Actively contribute to network expansion.
🔐 Increased independence in obtaining $BTC.
🚀 Gain a deeper understanding of technology mechanisms. pic.twitter.com/XM8GCEMagW— Bitcoinminetrix (@bitcoinminetrix) December 20, 2023
Exceeding its soft cap ahead of schedule, BTCMTX has showcased significant traction and support for its long-term objectives. The disruptive tokenomics embedded within BTCMTX, which reshapes the Bitcoin mining industry, promises lucrative staking and mining rewards for token holders, presenting substantial growth potential for both staking enthusiasts and mining asset investors alike.
As the curtain draws close on stage 14 of its presale, investors keen on securing the best crypto investment opportunities today are presented with an opportune moment to acquire BTCMTX tokens early in the process. Doing so before broader availability in subsequent presale stages positions investors advantageously for potential future gains.
Visit Bitcoin Minetrix.
4. ORDI (ORDI)
The ORDI token is also pulling its weight in the crypto market, spurred by increasing investor interest in digital assets. The token experienced a substantial spike in investor sentiment since the latter part of October, leaving the market astounded. It has taken the position of the next cryptocurrency to explode since then.
On October 31, ORDI was trading at $4.99. Fast forward nearly three weeks later, and ORDI had witnessed an astounding surge of 380.7%, soaring to $23.99. The bullish momentum persisted, with ORDI leaping by 123.8% to $53.69 on December 6, followed by an additional 20.1% increase, reaching a closing price of $64.53 on December 14.
This incredible surge in ORDI’s value corresponds with the burgeoning popularity of Bitcoin Ordinal NFTs throughout 2023. The release of Ordinal sparked a wave of NFT minting on the Bitcoin blockchain, engaging millions of creators in the NFT space. Analysts are anticipating further growth for ORDI, particularly in the wake of its imminent listing on Binance.
Bitmap is absolutely RIPPING
But $GIB wants that top spot 🥵 pic.twitter.com/R9bKXsYo0o
— Ordinals Wallet (@ordinalswallet) December 20, 2023
The forthcoming listing on Binance is expected to be a game-changer for ORDI, significantly amplifying its trading activity. Some projections suggest a potential upswing of around 17.2%, potentially pushing ORDI’s value to $75.63. Should ORDI’s upward trajectory persist, it could emerge as one of the most promising cryptocurrency investments available at the moment.
Investors eyeing the crypto market for potential opportunities are closely monitoring ORDI’s upward trend, contemplating its potential as a lucrative investment with promising growth prospects in the evolving landscape of digital assets.
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