{"id":477735,"date":"2024-02-03T10:11:19","date_gmt":"2024-02-03T10:11:19","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=477735"},"modified":"2024-02-10T07:49:38","modified_gmt":"2024-02-10T07:49:38","slug":"next-cryptocurrency-to-explode-saturday-february-3-polkadot-litecoin-uniswap","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-saturday-february-3-polkadot-litecoin-uniswap","title":{"rendered":"Next Cryptocurrency To Explode Saturday, February 3 – Polkadot, Litecoin, Uniswap"},"content":{"rendered":"

InsideBitcoins consistently offers insights into <\/span>cryptocurrencies <\/span><\/a>poised for substantial growth based on their recent price performances. In other news, U.S. <\/span>bitcoin <\/span><\/a>ETFs gained significant popularity with impressive launches, indicated by high trading volumes. <\/span><\/p>\n

However, the selected cryptocurrencies present growth opportunities, allowing investors a unique chance to explore options with potential significant returns on investment.<\/span><\/p>\n

Next Cryptocurrency to Explode<\/span><\/strong><\/h2>\n

Polkadot has witnessed an outstanding 111% quarter-on-quarter (QoQ) growth in its circulating market cap, reaching an impressive $8.38 billion. Also, Litecoin is accelerating, gaining ground to 12.3% of all payments in the last month, up from an average of 9.5% in 2023.<\/span><\/p>\n

Furthermore, Uniswap’s UNI token has garnered attention for its optimistic outlook in 2024. However, Sponge V2 marks the latest token release, which many expect will drive another potential increase in the project’s value.<\/span><\/p>\n

1. Polkadot (DOT)<\/span><\/strong><\/h3>\n

Polkadot has witnessed an outstanding 111% quarter-on-quarter (QoQ) growth in its circulating market cap, reaching an impressive $8.38 billion. Furthermore, this surpasses the overall crypto market’s 54% expansion in the same period, solidifying Polkadot’s position among the top 15 crypto projects by market capitalization, with a notable 94% year-on-year (YoY) change.<\/span><\/p>\n

\"DOT<\/p>\n

Remarkably, Polkadot experienced an exponential 2,880% QoQ surge in revenue, generating $2.8 million in Q4 2023, primarily fueled by the introduction of Polkadot Inscriptions. Even excluding the Inscriptions’ four-day spike, Polkadot’s income would have doubled from the previous quarter. Despite its revenue typically being relatively lower due to network structural design, Polkadot’s key metrics showcased impressive growth.<\/span><\/p>\n

However, the native token DOT’s price, currently at $6.96, has not consistently followed an upward trajectory. With a 3.02% price increase in the past twenty-four hours and a 9% year-to-date gain, DOT faced a 6% and 22% price drop over the past fourteen and thirty days, indicating a lack of bullish momentum and catalysts for higher levels. Despite reaching a 19-month high on December 26, DOT’s subsequent price drop raises concerns about sustaining gains over the past year, placing it as the next cryptocurrency to explode.<\/span><\/p>\n

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The numbers are in 👀<\/p>\n

Key on-chain insights from @MessariCrypto<\/a>'s State of Polkadot Q4:<\/p>\n

⚡️ Parachain monthly active addresses increased 93%
👛 Relay Chain daily active addresses increased 90%
🔄 XCM transfers increased 150%
👷‍♂️ 2,100 total devs (2nd most in Web3)<\/p>\n

More stats 👇 pic.twitter.com\/4rjmjSuYcw<\/a><\/p>\n

— Polkadot (@Polkadot) February 1, 2024<\/a><\/p><\/blockquote>\n