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Cryptocurrency News Articles
Next Cryptocurrency to Explode: Core DAO (CORE), DeepBook Protocol (DEEP), Crypto All-Stars (STARS), Ethereum Name Service (ENS), Maker (MKR)
Dec 14, 2024 at 12:38 am
Savvy investors anticipate a boom in the altcoin market and taking positions in upcoming tokens like the Crypto All-Stars.
Keep an eye on these altcoins, as they might explode next.
The altcoin market is showing signs of strength, with many altcoins recording gains and the market appearing bullish. This optimism is fueled by investors and analysts anticipating a boom in the altcoin market. As a result, many are taking positions in upcoming tokens, such as the Crypto All-Stars, which aims to revolutionize the meme coin space with its MemeVault Ecosystem. This post will cover the details of its presale.
Moreover, investors are advised to stay alert during this consolidation phase, as it could be an opportunity to catch a ride on a rising trend. Prices of various altcoins are already showing positive movements, even before the market takes off entirely. Today’s article will identify the next cryptocurrencies to explode and inform investors and traders about each token.
1. Core DAO (CORE)
Core (CORE) has recently shifted from a bearish sentiment to a promising bullish trend, capturing investors’ attention. This momentum highlights the importance of timing market entries, as breaking key resistance levels could confirm a continued upward trajectory.
Currently priced at $1.39, CORE has seen an impressive 6.11% increase in just 24 hours. If this upward trend continues, the price might break through resistance at $1.5683 and even reach $2.6908. Conversely, unfavourable market conditions could push the price back to the support level of $0.8596. Investors are encouraged to monitor these critical levels closely for better decision-making.
Core is a decentralised blockchain platform that offers scalable and secure solutions for modern applications. Core’s strong focus on interoperability enables seamless communication between different blockchains, supporting a wide range of decentralised applications (dApps). By addressing challenges such as scalability, speed, and cost, Core positions itself as a dependable and efficient blockchain network.
2. DeepBook Protocol (DEEP)
DeepBook is a decentralized central limit order book (CLOB) built on the Sui blockchain, offering a new level of efficiency and performance for on-chain trading. By leveraging Sui’s parallel execution capabilities and low transaction fees, DeepBook delivers a fast, low-latency exchange that stands out in the decentralized finance (DeFi) space.
One of DeepBook’s most significant strengths is its fully on-chain architecture. Order routing, matching, and settlement occur directly on-chain, making it a trading platform that excels in programmability, interoperability, and composability. With its v3 upgrade, DeepBook has enhanced its performance further, positioning itself as a central liquidity hub for the broader DeFi ecosystem.
3. Crypto All-Stars (STARS)
The Crypto All-Stars (STARS) presale has already raised an impressive $15.2 million, with less than eight days remaining before its official listing. Unlike traditional meme coins that depend solely on community hype, Crypto All-Stars offers meaningful utility through its innovative staking platform.
Moreover, this platform supports a diverse range of popular meme coins, including DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. Crypto All-Stars is building strong brand awareness and expanding its market appeal by supporting such a wide variety of tokens. Furthermore, the project plans to add more assets in the coming months, making it an increasingly attractive option for investors.
4. Ethereum Name Service (ENS)
ENS Labs, the creators of the Ethereum Name Service (ENS), are taking significant steps to improve scalability and accessibility. By the end of 2025, they aim to launch Namechain, a Layer 2 rollup network designed to make ENS more affordable and widely available across Layer 2 ecosystems.
This bold move underscores ENS Labs’ commitment to innovation in decentralized naming systems, which link human-readable names to cryptocurrency addresses. ENS has consistently captured attention for its forward-thinking approach. Although the token has faced challenges breaking through key resistance levels this year, recent developments suggest the potential for a turnaround.
5. Maker (MKR)
Maker (MKR) is gaining attention as traders position themselves for a potential breakout above a descending trendline. Increased confidence in MKR has sparked interest, supported by on-chain analytics and technical indicators that suggest a bullish outlook.
Currently trading at $2,080.57, Maker has seen a 3% increase in the past 24 hours, marking it as one of the day’s top performers. A closer look at the price charts reveals a double-bottom pattern, a classic bullish reversal signal. With the second bottom forming, a price move above the neckline could confirm this trend shift, opening doors for further gains.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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