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The intersection of decentralized finance and traditional finance continues, creating sparks and ripples across both spaces. Some leading assets exemplify this trend, and they make up the next cryptocurrencies to explode today. These include the Wall Street Memes platform, Beam, a privacy protocol, and Lido DAO’s innovative staking solutions.
Next Cryptocurrency To Explode
Every one of the mentioned platforms challenges and redefines traditional financial narratives. They also prompt closer examination from both enthusiasts and skeptics alike. We discuss some intricacies of these developments and explore their potential implications for the future of finance in this piece.
1. Beam (BEAM)
Beam (BEAM) is the first asset to be considered today as the next cryptocurrency to explode, as it led the gainers’ chart on CoinMarketCap. The value of the BEAM token rose by over 17% in the last 24 hours to reach $0.021. This upward trajectory extends beyond the daily timeframe, with BEAM gaining 4.10% in the last week and outperforming the overall cryptocurrency market, which dipped by 1.10%. However, when compared to other Ethereum Ecosystem cryptocurrencies, which enjoyed a 12.70% rise in the same period, Beam’s performance falls short.
The price surge shows that there is renewed interest in the Beam project, which prioritizes secure and decentralized platforms for digital assets, DeFi, NFTs, and smart contracts. Built on a unique blockchain utilizing the Mimblewimble and Lelantus protocols, Beam offers unparalleled privacy while maintaining scalability.
The BEAM token is used to run this ecosystem. It serves as both the currency and a key component of the Merit Circle DAO. This decentralized, community-driven platform empowers gamers and developers to shape the gaming industry’s future. The Beam SDK further fuels this collaborative spirit, offering developers a versatile toolkit to seamlessly integrate blockchain elements into their games based on their specific needs and preferences.
🔒We celebrate #Beam's 5th birthday, on January 3rd 2024, with the new Beam Wallet 7.5 and the 2024 roadmap.
🚀Celebrating Beam’s 5th Anniversary: Kicking off 2024 with Beam Wallet 7.5https://t.co/sDVl19ZHEC
— BeamPrivacy (@beamprivacy) January 3, 2024
While Beam trails its Ethereum peers in recent weekly gains, its distinct focus on privacy and its thriving gaming ecosystem provide compelling reasons for its sustained price increase. As DeFi and blockchain gaming continue to attract attention, Beam’s unique offerings position it for further growth in the future.
2. Lido DAO (LDO)
Lido DAO’s native token, LDO, is also gaining much this week. It enjoyed a 6.87% price increase in the past 24 hours, reaching $3.23, and its gains over the past week reached 14.20%. This upswing outpaces the broader cryptocurrency market. Such a movement makes LDO the next cryptocurrency to explode.
Lido DAO’s surging price reflects the growing value proposition of its decentralized autonomous organization (DAO) dedicated to simplifying and optimizing the staking process for Ethereum (ETH) users. By pooling staked ETH from multiple users, Lido DAO eliminates the need for users to possess the technical expertise or minimum ETH amount required to run a validator node themselves. This democratizes staking accessibility, allowing more individuals to contribute to the Ethereum network’s consensus mechanism and earn rewards.
🔒We celebrate #Beam's 5th birthday, on January 3rd 2024, with the new Beam Wallet 7.5 and the 2024 roadmap.
🚀Celebrating Beam’s 5th Anniversary: Kicking off 2024 with Beam Wallet 7.5https://t.co/sDVl19ZHEC
— BeamPrivacy (@beamprivacy) January 3, 2024
The LDO token plays an important role in this ecosystem, functioning as the governance token for the DAO. LDO holders can participate in proposals and vote on key decisions shaping the platform’s future. Moreover, Lido’s unique approach generates stETH (Lido-staked ETH) tokens for participants, representing their staked ETH and potential rewards. These stETH tokens boast enhanced liquidity as they can be traded on secondary markets or utilized in other DeFi protocols for borrowing, lending, or yield generation.
LDO’s trading primarily occurs on centralized crypto exchanges, with Binance leading the pack. Here, the LDO/USDT pair witnesses the highest volume, at $133.62 million within the last 24 hours. Other popular platforms for trading LDO include OrangeX and Deepcoin.
The Lido DAO has approved the deployment of the Simple DVT Module – a step towards rapidly diversifying the Lido Node Operator set and driving innovation within the Ethereum staking ecosystem.
New to DVT? Here's everything you need to know👇https://t.co/s1CpUy9Qc7 pic.twitter.com/0jzVaNJv8u
— Lido (@LidoFinance) November 27, 2023
Lido DAO’s sustained price hike underscores the increasing demand for user-friendly staking solutions within the Ethereum ecosystem. As DeFi continues to gain traction and ETH staking becomes more widespread, LDO’s unique value proposition positions it for more growth.
3. Wall Street Memes (WSM)
The Wall Street Memes (WSM) has such an electrifying presale. It rode on the wave of a vibrant online community fueled by anticipatory buzz. The presale went ahead to surpass expectations by raising over $25 million. Many observers envisioned WSM challenging Dogecoin for the memecoin crown, but the story has yet to unfold as smoothly as some predicted.
Launched amidst a bearish market, WSM has yet to deliver the returns investors initially hoped for. The price has dipped by over 45% since its debut, casting a shadow over its early promise. However, dismissing WSM as a flash in the pan might be premature. Several factors suggest it could still experience a significant upswing in 2024.
A sad day for our country 😔 pic.twitter.com/X78LDukMDJ
— Wall Street Memes (@wallstmemes) January 3, 2024
The Wall Street Memes brand boasts an undeniably strong presence. With close to 2 million followers across social media platforms, it wields a powerful ability to mobilize its passionate community. This engaged audience can be a potent force capable of driving renewed interest and adoption of the WSM token.
The success of the Wall Street Memes Casino further bolsters its potential. Witnessing over 18,000 sign-ups in just its first month, the casino has steadily grown its user base. This thriving platform creates a valuable avenue for integrating WSM into real-world applications, potentially boosting its appeal and utility.
With the broader cryptocurrency market showing signs of recovery and the DeFi landscape brimming with innovation, this year could be a pivotal year for WSM. Its established brand, engaged community, and growing ecosystem position it to capitalize on emerging trends that will make it the next cryptocurrency to explode.
Of course, predicting the future of any cryptocurrency is fraught with uncertainty. The success of WSM will depend on various factors, including market conditions, team execution, and the community’s continued support. However, dismissing it as a write-off would be a mistake. With its underlying strengths and the potential for a resurgent market, WSM remains a project worth watching closely in the year ahead.
Visit Wall Street Memes.
4. Bitget Token (BGB)
The Bitget cryptocurrency exchange has unveiled its plan for the year, and that has influenced the price movement of its token, BGB. The publication offered a detailed reflection on 2023 and a vision for 2024. While the past year held a mix of successes and challenges for the entire crypto industry, Bitget emerged as a notable powerhouse, showcasing substantial growth, strategic pivots, and an eye toward future trends.
2023 witnessed a remarkable expansion for Bitget. The platform’s workforce grew by 40%, reaching 1,500 employees, while the user base more than doubled from 8 million to a staggering 20 million. This exponential growth solidifies Bitget’s position as a major player in the crypto exchange landscape.
Beyond user numbers, Bitget made significant strides in its product offerings. The exchange strategically shifted its focus towards spot trading, resulting in a remarkable 94% increase in spot trading volume. Additionally, Bitget listed 355 new coins, a 46% year-on-year jump, expanding its portfolio and catering to diverse investor preferences.
The success of this strategy is evident in the platform’s thriving community. By year-end, Bitget celebrated a landmark 130,000 Elite Traders and amassed over 680,000 cumulative followers, demonstrating a loyal and engaged user base.
Bitget’s native token, BGB, enjoyed a stellar year in 2023. Starting at a humble $0.18, BGB embarked on a meteoric journey, culminating in an all-time high of $0.70499 in December, representing a stunning 291% increase. This impressive performance saw BGB climb to the top 5 CEX platform tokens by market capitalization, highlighting its prominence among exchange-based digital assets.
🆕 New Listing @SleeplessAI_Lab #Bitget will list $AI/USDT on Jan 4, 10:00 UTC. Deposit now!
🎁 A total $100 #giveaway for 10 members! Just follow, RT & tag 3 friends!
Listing – https://t.co/RjwglgWC3y
Campaign – https://t.co/Ekpacu6Of0— Bitget (@bitgetglobal) January 4, 2024
Recognizing the evolving nature of the crypto landscape, Bitget made a strategic entry into the DeFi space. The exchange invested $30 million in BitKeep, now known as Bitget Wallet, signaling its commitment to fostering a decentralized future. This move positions Bitget at the forefront of innovation and allows it to offer its users a comprehensive suite of services encompassing both CeFi and DeFi.
Looking ahead to the new year, Bitget identifies key trends it believes will shape the crypto market. BRC-20 and ARC-20 stand out as sectors poised for further growth, while Bitcoin scalability solutions hold immense potential. Additionally, the platform predicts a revitalized Ethereum ecosystem fueled by reduced gas fees thanks to the Cancun upgrade and innovative storage solutions.
Bitget’s report paints a picture of a dynamic and ambitious exchange, one that has not only weathered the uncertainties of 2023 but emerged stronger and more prepared for the opportunities and challenges of 2024. With a focus on innovation, expansion, and strategic foresight, Bitget positions itself as a leading force in the ever-evolving world of cryptocurrency.
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