{"id":619196,"date":"2025-01-17T20:06:09","date_gmt":"2025-01-17T20:06:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=619196"},"modified":"2025-01-17T20:06:09","modified_gmt":"2025-01-17T20:06:09","slug":"next-cryptocurrency-to-explode-17-january-reserve-rights-arweave-dash-vechain","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-17-january-reserve-rights-arweave-dash-vechain","title":{"rendered":"Next Cryptocurrency to Explode, 17 January \u2014 Reserve Rights, Arweave, Dash, VeChain"},"content":{"rendered":"

Earning significant ROI in a bull market could mean paying attention to the meme coins and Altcoins with explosive potential. However, identifying cryptocurrencies with explosive potential might take some work as most funds are attracted to pumping assets.<\/span><\/p>\n

Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the <\/span>next cryptocurrencies to explode<\/span><\/a> and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future.<\/span><\/p>\n

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

It’s that time in the market when investors and traders take a position to either edge their gains or capitalize on emerging trends. Experts believe investors have a better chance of finding the next cryptocurrency to explode among upcoming crypto projects. Therefore, investors should consider Best Wallet’s $BEST Token. Users can stake their BEST tokens and earn a massive 352% annual return, a standout feature in crypto. Updates on the project and its prospects are shared below.<\/span><\/p>\n

1. Reserve Rights (RSR)<\/b><\/h3>\n

Reserve Rights (RSR) has recently demonstrated impressive upward momentum, breaking through a significant resistance level against USDT. The token surged past the $0.0092 resistance zone, which had previously acted as a firm barrier. After this breakout, RSR retested this level as a new support zone, signaling a strong base for further gains.<\/span><\/p>\n

On both weekly and monthly charts, RSR’s price movement shows potential for a long-term rally. Technical indicators and market trends support this optimism. Notably, RSR soared by an impressive 88% last month, reaching a multi-year high of $0.017. This growth was partly driven by speculation around Paul Atkins, a former SEC commissioner, being considered for the role of the next U.S. Securities and Exchange Commission (SEC) chair.<\/span><\/p>\n

\"RSR<\/p>\n

Currently, RSR is trading at $0.01502, reflecting a 7.40% rise in the past 24 hours and a 15.73% increase over the past month. The token’s recent success can be attributed to its ability to break a long-term resistance trend line. Analysts suggest that RSR’s next target could be around $0.044, hinting at significant growth potential.<\/span><\/p>\n

However, RSR is still trading 86% below its all-time high of $0.11, recorded in April 2021. Despite this, its long-term performance has been remarkable. RSR is currently trading 60.52% above its 200-day simple moving average (SMA) and has delivered a staggering 488% increase over the past year. This exceptional growth has helped RSR outperform 90% of the top 100 cryptocurrencies.<\/span><\/p>\n

2. Arweave (AR)<\/b><\/h3>\n

The cryptocurrency market started the year on a bearish note, continuing the broader correction that began in December. Amid this downtrend, Arweave (AR) faced significant selling pressure, recording an 11% monthly decline and trading at $17.58 at the time of writing. However, there are promising signs of a potential reversal on the daily and weekly charts.<\/span><\/p>\n

Arweave is currently testing the lower boundary of a symmetrical triangle pattern on a daily timeframe. This pattern often indicates upcoming price movement, and the $16.00–$17.50 range serves as a critical support zone. A strong bounce from this level could trigger bullish momentum, providing a solid foundation for recovery.<\/span><\/p>\n

\"AR<\/p>\n

Moreover, the 100-day moving average (MA 100) is an important technical level to watch. Breaking above this threshold would confirm a trend reversal and further strengthen the bullish outlook. Moreover, trading volume is gradually increasing, and the Relative Strength Index (RSI) is nearing oversold territory, signaling a likely rebound.<\/span><\/p>\n

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— ar.io network (@ar_io_network) January 16, 2025<\/a><\/p><\/blockquote>\n