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The altcoin market looks promising and many altcoins are seeing gains. Bitcoin (BTC) is still struggling to return to its all-time high of $70,000, although it has managed to break above $60,000. Investors should remain vigilant during this consolidation phase as it could be an opportunity to take advantage of an uptrend.
The prices of various altcoins are already showing positive movements, even before the market takes off completely. That is why today’s article is dedicated to identifying the The Next Cryptocurrencies to Explode and inform investors and traders about each token.
The Next Cryptocurrency Is Going to Explode
Savvy investors are anticipating a boom in the altcoin market and are taking positions on upcoming tokens like Crypto All-Stars. The project aims to revolutionize the meme coin space with its revolutionary MemeVault ecosystem. This article covers the details of its presale.
1. Pendulum (PENDLE)
The cryptocurrency market is in a bullish trend following a recent rate cut by the Federal Reserve, which has increased optimism on many cryptocurrencies. Pendle (PENDLE) is among the biggest gainers, posting an impressive increase. In the last 24 hours, PENDLE has jumped 24% and over the last week, it has gained nearly 30%.
Interestingly, a massive selloff by Arthur Hayes, BitMEX co-founder and Maelstromfund CIO, who sold 1.27 million PENDLE tokens (worth about $4.4 million), had less impact on the token’s price than expected. Despite this major selloff, PENDLE has maintained its strength, continuing its upward trend. The main reason for this surge is a technical breakout, as PENDLE broke above the downtrend line at $3.33, pushing its price to the current level of $4.29.
Episode 3 of the Pendle series #Bitcoin bow!
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Earn 14 Solv XP/$ + 3x Corn Kernels + 1x Babylon Points with the highest multipliers in one go, only on Pendle 🌽 pic.twitter.com/lL2JlmasjX
— Pendle (@pendle_fi) September 19, 2024
Additionally, PENDLE is trading above its 200-day simple moving average, and with 19 green days out of the last 30, bullish momentum appears strong. This position near its cycle high suggests potential for further gains, supported by strong technical indicators.
Today’s breakout is a positive sign that PENDLE could be entering an extended rally phase, similar to the recent bullish moves of cryptocurrencies like SEI and Fantom. With this momentum, PENDLE is now eyeing its next resistance level at $4.64, which could lead to an additional 15% upside. Investors are closely watching to see if PENDLE can sustain this uptrend and continue to deliver strong performance.
2. Beam (BEAM)
Beam is making significant strides in the blockchain gaming space 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, BalliesUniverse is launching on Sphere, offering a web3 sports gaming platform that includes strategy games, mini-apps, and online games. As their collection will be published on the Immutable zkEVM, they are now part of the BuildOnBeam initiative.
Beam is currently trading at $0.01659, up 2.82% in the last 24 hours. Additionally, Beam has had 17 green days out of the last 30 days, indicating that more than half of those days ended with the price higher than when it started, indicating a positive market trend. Beam also benefits from high liquidity relative to its market cap, making it accessible to traders and investors.
Send it back to @gamescom 🎪
We had a lot of fun hosting our @BuildOnBeam family, and visit tons of next-gen gaming booths.
I can’t wait for next year! pic.twitter.com/BfN9QR3QQ0
— Circle of Merit (@MeritCircle_IO) September 19, 2024
Interest in BEAM continues to grow. According to CoinMarketCap, its market cap has increased by 4.46%, reaching $820.444 million, and it now ranks 76th among the top 100 cryptocurrencies. Demand is also increasing, as evidenced by the increase in spot trading. While there are not many long-term holders, traders and cruisers remain active, with whales holding over 70% of the circulating supply.
3. Crypto All-Stars (STARS)
Cryptocurrency Stars ($STARS) The cryptocurrency market has broken the $1.4 million mark as the meme coin market cap rebounded to $41.5 billion on Friday. This renewed interest in meme coins has investors optimistic about a potential rally in the coming quarter. If that happens, the tokens’ returns during the historically bullish months of October and November could be boosted by Crypto All-Stars’ upcoming staking platform, the MemeVault.
The MemeVault allows investors to stake a variety of meme coins, including Dogecoin ($DOGE), Brett ($BRETT), and PepeCoin ($PEPECOIN), in exchange for rewards in $STARS, the project’s native token. During the presale, Crypto All-Stars raised funds at a token price of $0.0014535 and below.
Investors still have about 48 hours to purchase $STARS at this price before it surpasses $0.0014593. With the launch of the MemeVault and its expected rewards, early investors are gearing up for the staking platform. So far, about 697 million $STARS tokens have been staked, generating additional rewards.
It’s not just retail investors who are getting involved: whales have also shown interest, with one investor purchasing $50,000 worth of $STARS last week. If you’re interested in getting in on the meme investing, you can connect your wallet to the Crypto All-Stars website. $STARS can be exchanged for ETH, USDT, BNB, and memes like $FLOKI, $SHIB, $DOGE, and $PEPE. You can also pay by credit card.
Buy STARS tokens now!
4. Oasis Network (ROSE)
Oasis Network is a leading blockchain that focuses on scalability and privacy through confidential computing. Its most notable feature is a layered architecture that separates consensus from computation, allowing it to achieve scalability and privacy. The network’s native token, ROSE, is used for gas fees, staking, delegation, and governance.
ROSE is currently showing signs of a possible breakout. According to one crypto analyst, its weekly chart indicates an attempt to break out of a large falling wedge pattern. The first target for this breakout is between $0.133 and $0.155. If successful, this could attract new investors and a lot of attention to ROSE.
The Falling Wedge is a technical pattern known to signal an upward price movement. ROSE is currently testing this pattern and could be on the verge of breaking through it. If so, the key resistance level between $0.133 and $0.155 could be the first step towards a larger rally. Analysts believe that its upward momentum could continue if ROSE breaks through this resistance.
Oasis has just announced the 2nd edition of the Privacy4Web3 Hackathon!
This is your chance to dive into Oasis’ confidential EVM, Sapphire, and explore the potential of the ROFL framework.
Registrations are now open: pic.twitter.com/EQch4ROvee
— Oasis (@OasisProtocol) September 19, 2024
Oasis Network has built a solid reputation for its focus on both privacy and scalability. Its ability to handle high transaction volumes while keeping costs low has generated considerable interest. With the current ROSE pattern on the weekly chart, technical traders are paying close attention. The Falling Wedge pattern often leads to bullish breakouts, and many believe ROSE is positioned for substantial growth.
Although the cryptocurrency market remains volatile, ROSE’s strong technicals and growing adoption give it a competitive edge. If the breakout occurs, it could push the price to $0.305 or even $0.415, leading to significant upside.
5. Render Token (RENDER)
RENDER has shown impressive growth, reaching a major milestone at $7.85 after a more than 10x surge. Bullish indicators suggest that the price continues to rise, reaching $12.30, with some analysts seeing upside potential to $22. In the long term, with strong momentum, Render could surge as high as $150, according to projections on a logarithmic scale.
Render has seen explosive growth over its history, including a remarkable 2,791% increase from $0.47 to $13.64. This demonstrates its potential for future success, with several bullish signals pointing to the possibility of new all-time highs.
Render is developing strong momentum and is positioning itself for a potential breakout. Currently, it is trading slightly above its 100-day average and is on the verge of breaking through key resistance at $5.76. If it breaks through this level, it could see a 20-30% gain, targeting $6.43. This bullish activity suggests that even more growth could be ahead, with projections of a 250% increase by the end of the year.
I’m looking forward to day 2 of @SolanaConf #Breaking point and other exciting announcements from around the world @solana ecosystem.
If you missed yesterday’s @rendernetwork Product Opening Speech @drjonessfthe recording is now available: pic.twitter.com/5Avj1uhXGX
— The Render Network (@rendernetwork) September 21, 2024
Render Token (RENDER) plays a unique role in the crypto space as a utility token for The Render Network. This decentralized platform uses GPU-based rendering to help creators perform complex tasks at a lower cost by leveraging the unused GPU power of node operators. These operators are rewarded with RENDER tokens, creating an efficient system for producing animations and visual effects.
With distributed processing power, Render Token offers a new solution to the growing demand for rendering resources. As interest in altcoins increases, Render could emerge as a key player in a bull market.
Learn more
Most Wanted Cryptocurrency Launch – Pepe Unchained
- Level 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Staking Rewards – pepeunchained.com
- Over $10 Million Raised in ICO – Ending Soon
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