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Cryptocurrency News Articles
The Next Cryptocurrency to Explode: Identifying Tokens Positioned for Growth in the Altcoin Market
Sep 22, 2024 at 11:48 pm
The altcoin market looks promising, and many altcoins are recording gains. Bitcoin (BTC) is still struggling to return to its all-time high of $70K
The altcoin market is showing promising signs of recovery, with many altcoins recording gains. Bitcoin (BTC) is still struggling to return to its all-time high of $70K, having managed to cross the 60K mark. Investors should remain vigilant during this consolidation phase, as it could present an opportunity to capitalize on the emerging bullish trend.
Even before the market fully takes off, the prices of various altcoins are already exhibiting positive movements. Hence, today’s article is dedicated to identifying the next cryptocurrencies to explode and providing investors and traders with an overview of each token.
Next Cryptocurrency To Explode
Smart investors are anticipating a boom in the altcoin market and positioning themselves in upcoming tokens like the Crypto All-Stars. The project aims to revolutionize the meme coin space with its groundbreaking MemeVault Ecosystem. This article covers the details of its presale.
1. Pendle (PENDLE)
The cryptocurrency market is experiencing a bullish trend following a recent Federal Reserve rate cut, which has boosted optimism across many coins. Among the top gainers is Pendle (PENDLE), showing an impressive rise. In the past 24 hours, PENDLE has surged by 24%, and over the last week, it has gained nearly 30%.
Interestingly, a large selloff by Arthur Hayes, co-founder of BitMEX and CIO of Maelstromfund, who sold 1.27 million PENDLE tokens (worth around $4.4 million), had less impact on the token’s price than expected. Despite this major sale, PENDLE has maintained its strength, continuing its upward trend. The main reason behind this surge is a technical breakout, as PENDLE broke above the downtrend line at $3.33, pushing its price to the current level of $4.29.
Episode 3 of the Pendle #Bitcoin arc!
We're teaming up with @SolvProtocol x @use_corn to deliver SolvBTC.BBN (26 Dec)
Earn 14 Solv XP/$ + 3x Corn Kernel + 1x Babylon Points with the highest multipliers all in one go, only on Pendle 🌽 pic.twitter.com/lL2JlmasjX
— Pendle (@pendle_fi) September 19, 2024
Moreover, PENDLE is trading above its 200-day simple moving average, and with 19 green days out of the last 30, the bullish momentum appears to be strong. This position near its cycle high suggests the potential for further gains, backed by solid technical indicators.
Today’s breakout is a positive sign that PENDLE may enter an extended rally, similar to recent bullish moves in coins like SEI and Fantom. With this momentum, PENDLE is now targeting its next resistance level at $4.64, which could result in an additional 15% upside. Investors are closely monitoring to see if PENDLE can sustain this upward trend and continue delivering strong performance.
2. Beam (BEAM)
Beam is making significant progress in blockchain gaming by adding ArcadiaGamesIO and BalliesUniverse to its ecosystem. ArcadiaGamesIO is now building on Beam, allowing users to play classic games like Chess and Checkers against others on-chain. Additionally, Beam is enjoying high liquidity in relation to its market cap, making it accessible to traders and investors.
Currently, Beam is trading at $0.01659, marking a 2.82% increase over the last 24 hours. Moreover, Beam has seen 17 green days out of the past 30, indicating that more than half of those days ended with a higher price than they started, pointing to a positive market trend. Interest in BEAM has been growing. According to CoinMarketCap, its market cap has risen by 4.46%, reaching $820.444 million, and it now ranks 76th among the top 100 cryptocurrencies. The demand is also growing, as shown by an increase in spot trading. Although there aren’t many long-term holders, traders and cruisers remain active, with whales holding over 70% of the circulating supply.
Throwing it back to @gamescom 🎪
We've had a blast hosting our @BuildOnBeam family, and visiting tons of booth from the next generation of games.
Can't wait for next year!https://t.co/a6YCaOdWJ3 pic.twitter.com/BfN9QR3QQ0
— Merit Circle (@MeritCircle_IO) September 19, 2024
3. Crypto All-Stars (STARS)
Crypto All-Stars ($STARS) has crossed the $1.4 million mark, as the market capitalization of meme coins rebounded to $41.5 billion
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!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Mpeppe (MPEPE): A Utility-Driven Challenger to Floki (FLOKI)
- Sep 23, 2024 at 02:10 am
- The cryptocurrency market has been evolving rapidly, with new tokens emerging to challenge established players. Floki (FLOKI), one of the most popular meme coins
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- Mpeppe (MPEPE) Emerges as the Next Big Opportunity as SUI (SUI) Investors Move Their Profits
- Sep 23, 2024 at 02:10 am
- Many investors are turning to Mpeppe (MPEPE), a new AI-driven gambling cryptocurrency that offers both speculative excitement and real-world utility.
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- Mpeppe (MPEPE) Dominates the Market with Unique Utility As Bonk (BONK) and Solana (SOL) Show Potential
- Sep 23, 2024 at 02:10 am
- As the cryptocurrency market continues to evolve, three assets are capturing the attention of investors—Bonk (BONK), Solana (SOL), and Mpeppe (MPEPE).
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- Institutional Investors Led by BlackRock Inject $436M into Bitcoin (BTC), Ethereum (ETH), and ETFSwap (ETFS)
- Sep 23, 2024 at 02:10 am
- In a major show of confidence, institutional investors led by BlackRock have injected $436 million into Bitcoin (BTC), Ethereum (ETH), and ETFSwap (ETFS)
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- The Cryptocurrency Space Sees Significant Activity as Solana (SOL) and Bonk (BONK) Gain Major Attention
- Sep 23, 2024 at 02:10 am
- The cryptocurrency space has seen significant activity recently, with Solana (SOL) and Bonk (BONK) gaining major attention for their continuous developments.
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- Toncoin Rebounds, Cosmos (ATOM) Drops 80%, BlockDAG Eyes Premier League Partnership
- Sep 23, 2024 at 02:10 am
- In the crypto sphere, quiet periods can sometimes lead to significant movements, as seen recently. Toncoin has rebounded robustly, cementing its place in the top 10 with a market cap over $12 billion.
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- Mpeppe (MPEPE) Presale Surpasses 86% as Solana (SOL) Targets $145 by October
- Sep 23, 2024 at 02:10 am
- As the cryptocurrency landscape continues to heat up, Solana (SOL) is once again capturing attention with its impressive price movements.
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- Description of Mpeppe (MPEPE) and Solana (SOL) Positioned for Explosive Growth,
- Sep 23, 2024 at 02:10 am
- As the cryptocurrency market continues to evolve, two tokens are standing out for their potential to deliver long-term growth: Solana (SOL) and Mpeppe (MPEPE).
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- As Solana (SOL) Unveils Its New Smartphone, the “Seeker,” Mpeppe (MPEPE) AI-Powered Gambling Token Gains Traction
- Sep 23, 2024 at 02:10 am
- As Solana (SOL) continues to push the boundaries of blockchain innovation, the unveiling of its new smartphone, the “Seeker,” promises to reignite