Next Cryptocurrency to Explode Tuesday, 26 December - Wall Street Memes, SATS, Sui

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The crypto market has expressed fluctuation through the Christmas and New Year celebrations. This has the potential to keep investors on the edge amidst the festivities. Nevertheless, the general market looks forward to a stronger 2024 as the signs of a bull run intensified mid-month.

Next Cryptocurrency To Explode

Analysts are more certain about Bitcoin reaching $100,000 next year because it is closing this year with a lot of attention. Other major assets are expected to follow suit, some without much noise. Many of them would owe their rise to network upgrades and new partnerships.

1. Wall Street Memes (WSM)

The Wall Street Memes (WSM) cryptocurrency attracted much attention this year. It has even secured more engagement on Google Trends due to its unique thematic approach. Despite the fact it is not carrying on with its initial momentum, its impact on the market is still heavily felt.

However, amidst its market fluctuations, an intriguing trend has emerged. The project has consistently maintained high Google Trends scores, indicating substantial global online interest despite the token’s inability to maintain its bullish momentum.

Merry Christmas Degens 🎄🎅 🎁 pic.twitter.com/OkV6cw6TnS

— Wall Street Memes (@wallstmemes) December 25, 2023

WSM boasts a community exceeding 1 million users, functioning as a memecoin under the ERC-20 standard. It rightly presents itself as representing a specific retail investor movement within the crypto space. Their mantra simply reads, “Greed is Good.”

An interesting facet of the project is its incorporation of a casino, allowing token holders to engage in various activities such as gaming, sports, betting, and live casinos.

Commencing in September 2023 through an ICO at an initial price of $0.0262 per token, WSM reached an all-time high (ATH) of $0.076991 in the same month. However, the token underwent a significant downturn and presently hovers around $0.02151, showcasing a notable decline from its peak.

WSM experienced a surge this month, briefly touching the $0.03 mark, making it the next cryptocurrency to explode. Heightened Google search volumes accompanied it. Recent data indicates a Google Trends score of 100, fueling speculations and market intrigue. Moreover, on December 23, the token’s price witnessed an upward trajectory, contributing to ongoing market speculation, while monthly charts displayed a 9.25% increase.

Despite market fluctuations, the WSM token continues to draw attention, particularly due to its thematic approach and sustained online interest, making it a subject of curiosity within the crypto community.

Visit Wall Street Memes.

2. SATS (1000SATS)

There is also high momentum from SATS (1000SATS) as it leads the gainers’ chart today. The rise of the 1000SATS token, a BRC-20 token operating on the Bitcoin Network, offers users the unique capability to inscribe data into Bitcoin blocks.

Tracing its trading history back to December 12 on CoinMarketCap, 1000SATS has showcased an impressive growth of over 20% since its inception.

The token boasts a market cap of $1.58 billion, positioning itself as the most substantial BRC-20 token. With a robust 24-hour trading volume of $382 million and the entirety of its supply circulating, 1000SATS has garnered attention for its significant presence in the crypto trading landscape.

A notable feature of 1000SATS is its function in enabling Bitcoin inscriptions to become non-fungible tokens (NFTs), allowing users to mint NFTs directly on the Bitcoin Network.

Market analysts and traders exhibit a bullish sentiment toward SATS and other BRC-20 tokens. Analysts further emphasize the potential for growth within the BRC-20 realm by comparing the relative market cap of BTC-20 to ERC-20 tokens, suggesting a considerable scope for expansion.

Merry Christmas~~~🎁🎁🎁🎁🎁 pic.twitter.com/CjaEe29c4Q

— 1000SATS Token (@SatsGlobal) December 25, 2023

The rising popularity of 1000SATS and other BRC-20 tokens stems from their unique capacity to store NFT files directly within Bitcoin inscriptions. This contrasts with Ethereum NFTs, which are not inscribed onto the blockchain but rather stored on external databases, potentially posing security concerns.

The distinctive value proposition of utilizing Bitcoin’s Network for data inscriptions and its secure NFT storage mechanism has propelled 1000SATS into the spotlight, showcasing the growing potential and demand for BRC-20 tokens within the cryptocurrency ecosystem.

3. Sui (SUI)

Sui (SUI) also gained today as the next cryptocurrency to explode. Its value surge reached $0.83 with a 13.24% price increase in the last 24 hours and an impressive 32.30% surge in the past seven days. This surge positions SUI as a standout performer within the crypto space, boasting a market cap of $856.66 million with a circulating supply of 1 Billion SUI tokens.

The token’s trading volume over the last 24 hours is $183.43 million, showcasing substantial investor interest in this burgeoning asset.

SUI tokens are actively traded on various centralized crypto exchanges, with DigiFinex emerging as a popular choice. The most active trading pair, SUI/USDT, on DigiFinex alone recorded a trading volume of $8.99 million within the last 24 hours. Additionally, exchanges like Gate.io and OKX offer alternative platforms for users to buy and trade SUI tokens.

What sets Sui (SUI) apart is its remarkable performance in the market. Over the past seven days, SUI has outperformed the global cryptocurrency market, which has seen an increase of 4.50%, and similar Layer 1 (L1) cryptocurrencies, showing a 3.70% uptick. This exceptional growth has garnered attention within the crypto community, attributing SUI’s success to its distinct market positioning and investor confidence.

🔥Today, Sui surpassed $200,000,000 Total Value Locked (TVL)‼️

This major milestone comes after reaching $100M TVL just last month, with TVL growing almost 500% since September.

💥What an incredible way to cap off the year – we can't wait to see what 2024 holds!#BuildOnSui🌊 pic.twitter.com/Naw1DFroJm

— Sui (@SuiNetwork) December 25, 2023

As Sui (SUI) continues to outpace market averages and demonstrate impressive gains, investors, and enthusiasts eagerly monitor its trajectory, anticipating further developments in this dynamic crypto landscape.

4. Axelar (AXL)

Amidst the ongoing market situation, Axelar (AXL) is witnessing a unique price surge, reaching an all-time high of $1.2797. This remarkable ascent represents an astounding 280% increase from its lowest point this year, propelling its market cap beyond $611 million.

Axelar is a pivotal entity within the crypto industry, operating discreetly to power some of the most prominent platforms in the space. Often likened to “Stripe for the blockchain industry,” Axelar works behind the scenes, analogous to Stripe—a fintech giant processing payments for renowned companies such as Amazon, Shopify, Salesforce, and Google.

The network underpins several well-known platforms, including dYdX, PancakeSwap, KyberSwap, Pangolin, Lido, Seedify, Kado, and Decentraland, among others, solidifying its stature in the ecosystem.

The recent surge in Axelar’s price correlates with its continuous network integrations. Notably, it recently integrated Vertex Protocol, a major decentralized exchange, and partnered with Centrifuge, a platform facilitating Real World Assets (RWA). Additionally, Axelar secured a listing on Upbit, further amplifying its market visibility.

Axelar’s surge is also attributed to the burgeoning DeFi ecosystem. DeFi Llama’s data reveals Axelar’s Total Value Locked (TVL) surpassing $613 million—a historic high. Furthermore, the ecosystem has witnessed a surge in weekly commits, totaling 207, signifying increased activity and development.

Stablecoin innovator @fraxfinance is a growing pioneer, already serving multiple blockchains. Now, it's setting up infrastructure to help FRAX grow further 🧵👇 pic.twitter.com/9uO3TJyIYt

— Axelar Network (@axelarnetwork) December 18, 2023

Crucially, Axelar’s token price surge aligns with the ongoing crypto frenzy, where most tokens, including Bitcoin, surpass $42,000 and contribute to the total market cap exceeding $1.6 trillion. If the token’s current momentum continues, it will likely become the next cryptocurrency to explode.

The exponential growth of Axelar’s price within this buoyant crypto landscape reflects its fundamental role in powering major platforms and its strategic integrations, solidifying its prominence as a key player in the ever-evolving blockchain ecosystem. As the crypto market continues to evolve, Axelar remains at the forefront, witnessing remarkable growth and investor interest.