Next Cryptocurrency to Explode Wednesday, 20 December - Meme Kombat, NEAR Protocol, Mina

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In a recent move before the market opened, Marathon, a prominent player in the cryptocurrency space, sent ripples through the industry by unveiling its acquisition of two Bitcoin mining sites. The company sealed the deal with subsidiaries of finance giant Generate Capital, clinching the pair at a staggering price of $178.6 million, a transaction entirely settled in cash.

This acquisition signifies a watershed moment for Marathon as it marks its inaugural foray into wholly-owned mining facilities. Marathon’s operational capacity will skyrocket to 910 megawatts post-closure, with 45% derived from these newly acquired wholly-owned sites. At the same time, the rest will be held through collaborations with third-party business partners.

Amidst this significant development, the global cryptocurrency market cap currently stands at $1.61 trillion, witnessing a marginal 0.15% decline in the past day.

Next Cryptocurrency To Explode

In the last 24 hours, the overall trading volume in the crypto sphere has reached $57.87 billion, indicating a notable downturn of 10.66%. The decentralized finance (DeFi) sector accounts for $6.35 billion within this volume, representing 10.98% of the total crypto market’s 24-hour trading volume. Meanwhile, stablecoins continue to dominate, recording a volume of $53.13 billion, constituting 91.80% of the entire crypto market’s 24-hour trading volume.

Bitcoin maintains its dominance at 52.27%, exhibiting a slight uptick of 0.19% within the day, consolidating its position amidst the fluctuating crypto landscape.

1. NEAR Protocol (NEAR)

Near Protocol (NEAR) is the next cryptocurrency to explode today. It has surged over 18%, claiming the spotlight as the top gainer in today’s crypto market. The NEAR price had been confined within a tight range, oscillating between $1.733 and $1.888 for over a week. However, a recent surge in market activity propelled the price beyond the long-held scope, breaking the resistance level at $2.066.

Initially rallying over 14%, the NEAR coin encountered resistance at $2.365, triggering a consolidation phase. Bulls attempted another breakout, reaching $2.564 before retracing within the established range, maintaining a sideways trend for approximately two weeks. Recent bullish momentum, though, saw a substantial 33% surge this week. Currently, the price is eyeing its resistance level at $2.853, presenting an uncertain outcome for market observers.

Technical indicators, notably the Moving Average Convergence Divergence (MACD), indicate a surge in buying pressure with a rising histogram. The moving averages reflect a sharp ascent, signaling potential continued value appreciation in the days ahead.

Shush.

Hear that?

Listen closely.

The future of Web3 is coming, and it's total abstraction.

It's closer than it looks.

And.

It's powered by NEAR. https://t.co/dzWtUUWzjl

— NEAR Protocol (@NEARProtocol) December 20, 2023

Should the bulls sustain the price above the crucial support level of $2.714, a further upward trajectory is anticipated, potentially testing the upper resistance at $2.853. Maintaining stability at this level might pave the way for NEAR to challenge the $3 mark this week.

However, a reversal in the current trend could prompt a loss of momentum, leading the NEAR token to revisit its support levels, initially at $2.564. Continued bearish dominance might result in a further downturn, targeting the lower support level of $2.365 in the imminent future.

2. Mina (MINA)

The Mina Foundation, owners of the MINA protocol, has carried out a leadership reshuffle as it prepares to relocate to Switzerland. Evan Shapiro, the protocol co-founder and former CEO, announced this on Twitter alongside an open letter sent to the community.

According to the announcement, Kurt Hemecker, the Chief Operation Officer, will take over from Shapiro as the firm’s CEO. Also, his LinkedIn profile indicates that the reshuffling has been completed already, as Hemecker now holds the CEO title.

Notably, Kurt has spent almost two years with Mina Foundation as the COO of the company. Shapiro is confident that this reshuffling will help to direct the proper attention and residences to critical areas of the Foundation’s mission. He plans to focus on supporting Mina’s technical direction and protocol governance.

Furthermore, he would advise the Mina Foundation and Mina’s ecosystem partners on the continued development of Mina’s technology. This is important, especially as the firm prepares for several upgrades, including the bordering release of zero-knowledge smart contracts like the zkApps. Mina Foundation recognizes the potential and capacity for ZKs to transform industries and empower users of digital systems worldwide; hence, it has gone full out in its bid to develop tech.

A successful transition in Mina’s leadership is poised to impact the MINA token over time. The MINA token has been among the top crypto gainers for some time. MINA has a market value of $0.754, up 6.45% in the past 24 hours. When these upgrades go live, the coin has the potential to hit new high levels as it will attract new innovators and DApps that can drive demand further.

3. Meme Kombat (MK)

Another project on its way to becoming the next cryptocurrency to explode, Meme Kombat (MK), has swiftly become the town’s talk among crypto whales and investors, echoing the early days of Shiba Inu’s meteoric rise. The recent injection of $100,000 from a whale wallet into MK acted as a catalyst, further stimulating funding and investor interest. Typically, achieving significant returns in the meme coin market hinges on early entry and Meme Kombat’s current trajectory hints at a comparable ascent.

We're not the only ones celebrating $3.8 million in the $MK presale🤩

Ari from @cryptonews is just as hyped! pic.twitter.com/GYEM885MV3

— Meme Kombat (@Meme_Kombat) December 19, 2023

In a remarkable feat, Meme Kombat secured an impressive $3.8 million during its Initial Coin Offering (ICO) in just two months, signaling robust market enthusiasm. Distinguishing itself from the standard meme coin concept, this new token integrates a unique amalgamation of play-to-earn, staking, and GambleFi elements.

The platform’s imminent launch aims to introduce a Web3 gaming and gambling arena featuring iconic meme coin characters like Doge, Shiba, and Pepe engaging in AI-simulated battles. These battles, determined by on-chain random sequencing, promise unpredictability and excitement, captivating potential users.

Adding to its allure, Meme Kombat enables players to wager on these battles across various modes while offering to stake MK tokens for passive income, boasting an enticing Annual Percentage Yield (APY) of 290%.

Addressing prevalent concerns in the meme coin space, the project emphasizes transparency and security. The Meme Kombat team, led by founder Matt Whiteman, maintains full public disclosure, bolstering investor trust. Furthermore, a Consult audit has verified the token’s smart contract, affirming its resilience against vulnerabilities or centralization risks.

With these compelling attributes, Meme Kombat positions itself as a potential successor to Shiba Inu in terms of investment potential, particularly for early adopters keen on tapping into its developmental phase.

Visit Meme Kombat.

4. Oasis Network (ROSE)

Over the past week, the price of Oasis Network’s ROSE token has surged by an impressive 24.98%, showcasing substantial growth in its value. In the last 24 hours alone, the token witnessed a notable spike of 13.42%. However, the price experienced a minor dip within the past hour, contracting by 0.50%. The current value stands at $0.0999 per ROSE token, marking a marginal 4.17% decline from its all-time high of $0.10.

ROSE is the cryptocurrency underpinning the Oasis Protocol, operating as a layer one blockchain focusing on privacy preservation and scalability. The Oasis Protocol facilitates rapid transaction speeds and the creation of confidential smart contracts. Within this framework, the ROSE token plays a pivotal role in settling transaction fees and staking activities essential for validating the Oasis Protocol’s proof-of-stake blockchain.

Oasis Network, powered by ROSE, represents a scalable and privacy-centric blockchain infrastructure aiming to lay the groundwork for the evolution of the next-generation internet, commonly called Web3. Its architecture combines high throughput, ensuring swift transactions at minimal costs, with a robust security framework.

We're Santa 🧑‍🎄

And Oasis Sapphire and the Oasis Privacy Layer are the gifts under the tree 🎁 pic.twitter.com/yuIMlie6Pn

— Oasis (@OasisProtocol) December 19, 2023

The network’s intended application spectrum spans decentralized finance, gaming finance, non-fungible tokens, metaverse development, data tokenization, and decentralized autonomous organizations. A notable feature of the Oasis Network is its bifurcation of consensus and execution into distinct layers, a design intended to amplify scalability and adaptability.

At the Consensus Layer, ROSE token utilization encompasses transaction fees, staking, and delegation, solidifying its role as the backbone of network operations. As the network evolves, the ROSE token remains integral to sustaining and fueling Oasis Network’s ecosystem.