{"id":607915,"date":"2024-12-07T13:55:51","date_gmt":"2024-12-07T13:55:51","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=607915"},"modified":"2024-12-07T13:55:51","modified_gmt":"2024-12-07T13:55:51","slug":"next-cryptocurrency-to-explode-7-december-harmony-chainlink-sushi-uniswap","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-7-december-harmony-chainlink-sushi-uniswap","title":{"rendered":"Next Cryptocurrency to Explode, 7 December \u2014 Harmony, Chainlink, Sushi, Uniswap"},"content":{"rendered":"

The overall feeling in the market has been positive since the close of Uptober. This month, Bitcoin (BTC) finally rose above its all-time high and closed in on the 100K mark. Meanwhile, many investors have already made plenty of gains from the November bull run.<\/span><\/p>\n

Determining the <\/span>next cryptocurrency to explode<\/span><\/a> might be challenging as most funds are attracted to pumping assets. However, this article will explore the performance of cryptocurrencies with much growth potential, especially before the year runs out. The aim is to identify coins with some potential and help investors and traders make informed decisions about each token. <\/span><\/p>\n

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

Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of the presale token, Catslap. This new memecoin introduces a Play-to-Earn (P2E) feature that brings a more potent utility edge over other meme coins. In addition, rumours of a significant token burn have fueled optimism. These developments have already started to impact $ SLAP’s price positively. The details of its presale and the performance of the top-performing cryptos today are shared below.<\/span><\/p>\n

1. Harmony (ONE)<\/b><\/h3>\n

Harmony (ONE) is gaining significant attention in the crypto market, with its price soaring 32.10% in the last 24 hours. This surge highlights growing interest in its scalable and fast blockchain solutions. Harmony’s random state sharding technology ensures efficiency, making it a key player as demand for decentralized applications (DApps) increases.<\/span><\/p>\n

The platform’s Effective Proof-of-Stake (EPoS) consensus mechanism and Open Staking initiative further strengthen its position. These features enhance network security and attract developers and validators through its grant program, fostering innovation within the ecosystem.<\/span><\/p>\n

\"ONE<\/p>\n

Investors are impressed by Harmony’s strong fundamentals. With a liquidity ratio of 0.8712, trading remains accessible and smooth. Despite the recent price surge, the 14-day Relative Strength Index (RSI) of 67.94 indicates a neutral zone, suggesting more room for growth before hitting overbought levels. This balance has fueled optimism among market participants.<\/span><\/p>\n

In the long term, Harmony has demonstrated exceptional resilience. Over the past year, its price has grown by an impressive 198.12%, outperforming 64% of the top 100 cryptocurrencies. Currently, the token is trading 164.80% above its 200-day simple moving average, showcasing strong momentum and bolstering investor confidence in its future potential.<\/span><\/p>\n

2. Chainlink (LINK)<\/b><\/h3>\n

Chainlink (LINK) has recently shown impressive price movements, returning from its 2023 lows. Analysts believe the token may be in the third wave of a larger five-wave cycle, with predictions aligning with earlier forecasts from HovWaves about macro trends in Bitcoin and Chainlink. LINK’s price has risen by over 185% since key buys at $11.11 and $8.85, indicating a strong and sustained bullish trend.<\/span><\/p>\n

In 2024, Chainlink began a new phase of growth, entering an impulsive wave. The price is now approaching a key resistance level of $27. Over recent weeks, LINK has maintained a clear upward trend, surging 36.23% to close at $25.12. Breaking through previous resistance levels, the token now targets a major resistance at $38.32, offering a potential 50.89% upside from its current price.<\/span><\/p>\n

\"LINK<\/p>\n

Institutional interest in Chainlink is growing. Less than 24 hours ago, BlockTower Capital, a leading investment firm, purchased 144,799 LINK tokens valued at approximately $3.44 million. This acquisition underscores the increasing recognition of Chainlink’s critical role in blockchain and decentralized finance (DeFi) ecosystems.<\/span><\/p>\n

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The $100K competitive audit for Chainlink Payment Abstraction has just begun on @code4rena<\/a> & will run for 4 weeks.<\/p>\n

Payment Abstraction is a core component of the billing system. It aims to reduce payment friction & simplify billing for users interacting with Chainlink services. https:\/\/t.co\/jR4fsc8pwp<\/a><\/p>\n

— Chainlink (@chainlink) December 6, 2024<\/a><\/p><\/blockquote>\n