Top 5 Altcoins Set to Explode: Pre-Sale Gems and Post-Listing Moonshots

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, although it appears to be closing in on 60K.

Investors are showing interest in the next cryptocurrencies to explode, especially with promising altcoin market trends. Bitcoin (BTC) is still struggling to reach its all-time high of $70K, but it's approaching 60K. During this consolidation phase, investors should be vigilant, as it could present an opportunity to capitalize on an emerging uptrend.

Even before the broader market takeoff, several altcoins are already exhibiting positive price movements. This article will highlight the upcoming cryptocurrencies to explode, providing traders and investors with insights into each token.

Next Cryptocurrency To Explode

Savvy investors are anticipating a boom in the altcoin market, positioning themselves by joining projects like the Crypto All-Stars. This project aims to revolutionize the meme coin space with its groundbreaking MemeVault Ecosystem. Here's a closer look at its presale.

1. Dymension (DYM)

Dymension (DYM) is gaining attention for its innovative approach to standardizing rollups with the Inter-Blockchain Communication Protocol (IBC), similar to how ERC standardized tokens. Dymension's RollApps unify the roll-up experience with speed and scalability, making DYM a key player in creating an interconnected network of rollups.

Currently, DYM is showing positive signs as it challenges its descending trendline resistance. One analyst predicts that DYM could break out of its long downtrend with a potential medium-term gain of 350%. This makes it an attractive option for investors seeking significant returns.

3D Playground – New testnet is coming out soon

Get ready: https://t.co/iZzR4mbxyK

— Dymension (@dymension) September s, 2024

The recent surge in DYM's value can be attributed to its breakout from a symmetrical triangle pattern near the $1.42 mark. This type of breakout often signals the beginning of an uptrend. Since then, DYM has been steadily climbing and is nearing a resistance level of $1.76, representing a potential 22% gain from its current price.

The sentiment around DYM is bullish, despite a Fear & Greed Index reading of 45 (indicating fear). The daily trading volume has also surged by 311.70%, showing increased investor interest and optimism. With strong fundamentals and a supportive community, DYM has the potential to achieve even higher prices. If the project forms partnerships with other networks, its price could exceed $3.5 this year.

2. Axelar (AXL)

Axelar is gaining momentum in crypto, becoming a key player in secure cross-chain communication for Web3. The platform offers a decentralized network and a range of tools that make cross-chain interactions easier for decentralized app (dApp) developers. Axelar's approach stands out because it uses proof-of-stake (PoS) consensus, unlike other projects that rely on optimistic models or federated multi-signatures.

Earlier this month, Axelar partnered with OpenZeppelin, a well-known name in the Ethereum Virtual Machine (EVM) ecosystem. This partnership aims to solve liquidity fragmentation and improve cross-chain interoperability for Web3 developers. It marks a big step in reshaping how dApps are developed and interact across different chains.

It IS possible to build Web3 apps that don’t suck. The technology is here – but …

What will they look like?

What goes into the underlying stack?

Where will value accrue?

Axelar protocol co-founder @sergey_nog breaks down the tech + use cases in a fresh blog 🧵⬇️ pic.twitter.com/pt5ExyxSuF

— Axelar Network (@axelar) September 15, 2024

The impact of this partnership was quickly reflected in AXL's price. The token surged 8.79% in just 24 hours, reaching $0.549462. It also saw a 4.80% rise in the past day, supported by strong liquidity, as shown by its market cap-to-volume ratio of 0.0868. While the token’s 14-day RSI stands at a neutral 54.13, suggesting possible sideways movement, the overall trend remains positive.

Axelar's long-term outlook is also promising. Currently, the token is trading 7.99% above its 200-day simple moving average (SMA), indicating strong upward momentum. Over the past year, AXL's price has increased by 52%, outperforming over half of the top 100 cryptocurrencies. With manageable volatility at 9% in the last 30 days, Axelar's steady growth is likely to continue, especially with the recent developments boosting investor confidence.

3. Crypto All-Stars (STARS)