{"id":619845,"date":"2025-01-20T18:26:20","date_gmt":"2025-01-20T18:26:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=619845"},"modified":"2025-01-20T18:26:20","modified_gmt":"2025-01-20T18:26:20","slug":"next-cryptocurrency-to-explode-20-january-near-protocol-hedera-eigenlayer-compound","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-20-january-near-protocol-hedera-eigenlayer-compound","title":{"rendered":"Next Cryptocurrency to Explode, 20 January \u2014 Near Protocol, Hedera, EigenLayer, Compound"},"content":{"rendered":"
The altcoin market looks promising, and many altcoins are recording gains. Late last year, the cryptocurrency market experienced heightened volatility as several tokens experienced price fluctuations. But things have mostly been on the green side for many investors since November. Investors need to stay alert during this consolidation phase, as it could be a chance to catch a ride on a rising trend.<\/span><\/p>\n Prices of various altcoins are already showing positive movements, even before the market takes off entirely. This article is dedicated to identifying the<\/span> next cryptocurrencies to explode<\/span><\/a> and inform investors and traders about each token.<\/span><\/p>\n Savvy investors capitalized on this year’s boom in the altcoin market and taking positions in upcoming tokens like the Meme Index. Meme Index simplifies investing in meme coins by offering exposure to a curated collection of meme coins, reducing individual risks.<\/span><\/p>\n NEAR Protocol is making waves as a user-friendly and developer-focused platform for creating decentralized applications (dApps). Currently priced at $5.42, the token has seen a 0.56% rise in the last 24 hours and a more substantial 20.83% increase over the past week, pushing its market cap to $6.39 billion and ranking it #27 by market capitalization.<\/span><\/p>\n NEAR’s focus on scalability and ease of use has attracted developers looking for alternatives to congested networks. As the demand for dApps continues to grow, NEAR appears poised for steady, long-term growth, distinguishing itself from tokens that rely on rapid, short-lived price spikes.<\/span><\/p>\n <\/p>\n One of NEAR Protocol’s standout features is its sharding technology, which, along with low transaction fees, addresses major blockchain challenges. Sharding can be likened to adding more cashiers to a busy supermarket, significantly reducing wait times. Similarly, NEAR’s sharding reduces network congestion, making it a faster and more efficient option compared to platforms like Ethereum.<\/span><\/p>\n <\/p>\n In a milestone last month, NEAR Protocol became the first non-Ethereum Virtual Machine (EVM) blockchain to integrate with MetaMask fully. This integration, powered by the NEAR Snap feature from HERE Wallet and the Banyan Collective, allows MetaMask users to create NEAR accounts and sign transactions within the ecosystem seamlessly.<\/span><\/p>\n As the altcoin market shows signs of recovery, Hedera (HBAR) is capturing attention with an impressive 7% gain. Its recent breakout and retest suggest a strong potential for further bullish movement.<\/span><\/p>\n HBAR’s upward momentum began in November, starting from the $0.046 level and surging to a $0.39 resistance zone. After this rally, the token consolidated into a bullish pennant formation, often signaling a pause before further growth. On 16 January, HBAR broke above the pennant’s upper trendline, reaching a local high of $0.40. It then retraced to test the $0.32 support zone, confirming the breakout.<\/span><\/p>\n <\/p>\n Currently trading at $0.3660, HBAR is poised for a potential rally. If it successfully surpasses the $0.40 resistance zone, it could aim for a short-term target of $0.55, marking a possible 50% upside from its current price.<\/span><\/p>\n Upcoming session: ‘Expanding Tokenization: Unlocking Liquidity in Global Markets’ with @GregoryLBell<\/a>, SVP @HBAR_foundation<\/a> during #HalbornACCESS<\/a>.<\/p>\n HalbornACCESS is a premier digital asset security summit exploring the future of financial services and digital assets through DLT.… pic.twitter.com\/nfHbiTCzCY<\/a><\/p>\n — Hedera (@hedera) January 17, 2025<\/a><\/p><\/blockquote>\nNext Cryptocurrency To Explode<\/b><\/h2>\n
1. Near Protocol (NEAR)<\/b><\/h3>\n
2. Hedera (HBAR)<\/b><\/h3>\n
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