{"id":467503,"date":"2023-12-22T12:13:15","date_gmt":"2023-12-22T12:13:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=467503"},"modified":"2023-12-22T12:13:15","modified_gmt":"2023-12-22T12:13:15","slug":"next-cryptocurrency-to-explode-friday-22-december-wall-street-memes-algorand-internet-computer","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-friday-22-december-wall-street-memes-algorand-internet-computer","title":{"rendered":"Next Cryptocurrency to Explode Friday, 22 December – Wall Street Memes, Algorand, Internet Computer"},"content":{"rendered":"

The crypto market currently reflects traders’ and investors’ excitement with the rise of different assets as the year draws to a close. If they keep up the momentum, then the expected 2024 bull run would be inevitable. The market is maintaining a relatively steady ascent, following up its gains yesterday<\/a>.<\/p>\n

Next Cryptocurrency To Explode<\/b><\/h2>\n

While the Fear and Greed index hits 75, indicating Greed, more crypto assets are still on the rise. The top picks<\/a> include assets that have been rising throughout the year and those that recently started.<\/p>\n

1. Algorand (ALGO)<\/b><\/h3>\n

The Algorand (ALGO) cryptocurrency has been on a steady rise in recent weeks. Its surge is directly connected with the ongoing crypto rally. Reaching a peak of $0.2525, ALGO’s price rose by 190% from its lowest point this year. This resulted in its total market cap of nearly $2 billion. Despite its ecosystem growth facing some pressures, the coin’s upward trajectory has been notable.<\/p>\n

Various favorable factors have buoyed the crypto market as a whole. Some of them include expectations of rate cuts, potential approval of a spot Bitcoin Exchange-Traded Fund (ETF), and amplified Fear and Greed Index contributing to FOMO (Fear of Missing Out). The current price movement culminates in a total market cap surpassing $1.66 trillion.<\/p>\n

\"ALGO<\/p>\n

Analyzing ALGO’s daily chart, its price surge has been exceptional in recent months, boasting a 180% increase from its September lows. Throughout this climb, the coin has consistently maintained positions above the 50-day and 100-day Exponential Moving Averages (EMA).<\/p>\n

Technical indicators showcase ALGO’s bullish momentum, with the coin currently riding along the upper boundary of the Bollinger Bands. The Average Directional Index (ADX) has surged to 40, signifying an extraordinarily strong trend, while the Relative Strength Index (RSI) has entered the extremely overbought territory.<\/p>\n

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Allo… is it blocks you're looking for?@alloinfo<\/a> will be making its debut as the go-to Algorand blockchain explorer.<\/p>\n

Allo's mission is to make blockchain easy to understand for everyone, not just the experts.<\/p>\n

Launching soon: https:\/\/t.co\/HL8rfAwE6W<\/a> https:\/\/t.co\/jinjZwueHs<\/a><\/p>\n

— Algorand Foundation 🐍 (@AlgoFoundation) December 21, 2023<\/a><\/p><\/blockquote>\n