The next cryptocurrency will explode on October 14 – Reef, The Graph, Book of Meme, Pendle

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 surpass $60,000. Investors should remain vigilant during this consolidation phase, as this could be an opportunity to take advantage of an uptrend.

The prices of various altcoins are already showing positive movements, even before the market fully takes off. This is why today’s article is dedicated to identifying the next cryptocurrencies will explode and inform investors and traders about each token.

The next cryptocurrency will explode

Savvy investors are anticipating a boom in the altcoin market and taking positions on upcoming tokens like Crypto All-Stars. The project aims to revolutionize the coin space with its revolutionary MemeVault ecosystem. This article covers the details of its presale.

1. Reef (REIF)

Reef (REEF) is showing signs of a potential comeback after a dramatic 98% decline. Crypto analyst Solberg Invest predicts that REEF could rise by over 500% after more than 800 days of accumulation. His target for this growth stands at $0.38, offering an impressive potential return of nearly 8X. Although REEF recently saw a 14% decline, the increase in trading volumes indicates renewed interest.

Reef Coin, the native token, plays a crucial role in the ecosystem. It is used to pay fees, run validator nodes through staking, and appoint validators for the network. The project enjoys strong support from venture capital firms and major market funds, reflecting confidence in its long-term potential. Reef also offers scalability and low transaction costs and supports Ethereum-based dApps, thanks to its Nominated Proof-of-Stake (NPoS) consensus mechanism, which ensures security and decentralization.

Reef blockchain’s focus on decentralized finance and digital collectibles positions it well for future growth. Recent data shows a massive 272.61% surge in REEF trading volume in just 24 hours, signaling a potential breakout after months of quiet accumulation.

It keeps growing! Join us now 👇

– 🐠 Reef (@Reef_Chain) October 11, 2024

Currently, REEF is trading at $0.009128, up 62.67% in the last 24 hours. Over the past year, its price has surged 623%, outperforming 90% of the top 100 crypto assets. Reef is trading 452.29% above its 200-day simple moving average (SMA) of $0.001793. With 16 green days out of the last 30, it shows a positive trend for more than half of the period. Many experts consider REEF a hidden gem, poised for significant growth in the crowded crypto market.

2. The chart (GRT)

The Graph is becoming popular for providing efficient and affordable access to decentralized data. With 99.99% uptime and 24/7 uptime, it is known for its reliability. Its system relies on subgraphs, which are APIs that help organize and deliver blockchain data to developers and users. The network operates with over 100 indexing nodes, has processed 1.23 trillion queries, and supports over 70,000 projects. The GRT token plays a crucial role in incentivizing participants to organize and provide data efficiently.

The Graph (GRT) saw a significant price rise of around 9% over the past 24 hours, with trading volume reaching $108.98 million. Additionally, it has gained 4.82% over the past week and 18% over the past 30 days. The altcoin has been trading in an ascending channel pattern since August, indicating a long-term bullish outlook.

The Moving Average Convergence Divergence (MACD) is showing signs of bullish convergence as the red histogram is decreasing on the daily chart. This highlights growing positive sentiment for The Graph in the crypto market. Additionally, the simple moving average (SMA) has already made a bullish crossover, providing strong support to the price.

📊 The Graph Everyday Use Case: How It Powers Your Favorite Apps 🚀

Projects built on The Graph Protocol are powering the future of Web3, used by millions of developers around the world! 🚀 pic.twitter.com/EeBqKjcAi8

— The graph | India (@TheGraphIndia) October 11, 2024

If this bullish momentum continues, The Graph could test its resistance level of $0.1980. If the bullish sentiment strengthens, the price could push towards its upper resistance at $0.2650. However, if bearish pressure increases, GRT could retest the ascending channel’s support trendline. If the price fails to sustain at this level, it could fall to its crucial low of $0.1375 in the coming weeks.

3. Crypto All-Stars (STARS)

Crypto Stars is making waves in the meme coin space by introducing the first-ever MemeVault ecosystem. This platform allows holders of different meme coins to earn rewards through its native token, $STARS. By bringing together a variety of meme coins under one platform, Crypto All-Stars offers multi-token and multi-chain staking, allowing users to more easily manage their investments.

What sets MemeVault apart is its ability to allow holders of multiple meme coins from various blockchains to stake it all in one place. This system offers more flexibility than traditional staking methods, where users are typically limited to a single token on a specific blockchain.

During its presale, Crypto All-Stars raised $2.27 million, close to its goal of $2.5 million. The token’s price is $0.0015007, with an expected increase in less than two days. Early adopters have a limited time to register before the presale ends.

The project has also attracted the attention of major platforms such as Techopedia, CoinGape, CryptoPotato and Bitcoin.com. These collaborations increase Crypto All-Stars’ visibility, attracting more participants to its growing MemeVault ecosystem. It is quickly gaining recognition within the crypto community.

Visit the Crypto All-Stars Presale

4. Book of Meme (BOME)

The recent surge in BOME price has attracted the attention of many investors. He managed to get past the descending triangle, where he was stuck from the start. Moreover, it crossed the trend reversal zone between $0.0076 and $0.0080, indicating a sharp rise in bullish sentiment. As price works to confirm a double bottom trend, a slight pullback appears likely before the uptrend continues.

BOME has now broken above the resistance zone and shows the potential to reclaim the key range between $0.01124 and $0.01155. However, a brief decline to $0.0085 could occur as trading volume increases. On-balance volume (OBV) has rebounded and is rising steadily, suggesting that a breakout above previous bearish levels may be on the horizon. As a result, BOME price is expected to remain high for the remainder of 2024, with predictions that it could exceed $0.15 by the end of the year.

Heading into a planned alternate season, Book of Meme (BOME) is one of the projects expected to benefit. Currently, BOME is trading at $0.009551, showing an increase of 20.32% in the last 24 hours and a gain of 49.58% in the last 30 days. Its RSI is 44, which indicates that it is undervalued and could be a good buy at the current price. If the alt season takes off, BOME could reach $0.02 at its peak.

Additionally, BOME gained further adoption by being added to PengyOS. Over the past year, it has increased by 948.48%, although it has not yet reached its all-time high. As Bitcoin ETFs continue to buy more Bitcoin than the mining supply can produce, the potential for gains on other altcoins, particularly meme coins, appears promising. With the fourth quarter coming up, now may be a good time to get on board before the opportunity passes.

5. Pendle

Pendle is attracting attention in the field of decentralized finance (DeFi) by introducing a unique way to exchange future returns. This feature allows users to improve their returns by interacting with other DeFi platforms via smart contracts. The Pendle system allows trading future returns on various assets, creating more opportunities for yield generation.

The project has seen significant growth recently, thanks to updates to its smart contracts and new partnerships. These developments highlight Pendle’s commitment to improving its platform and expanding its reach within the DeFi ecosystem.

general manager, $PENDLE Incentives have gone live for our new pools, with juicy LP returns up for grabs:

🔹sENA with an APY which gives a double meaning to the word “high”
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And more ✨ pic.twitter.com/RTWXaWuxyE

– Pendle (@pendle_fi) October 10, 2024

Pendle is priced at $4.39 at press time, an increase of 10.20%. Over the past month, its value has increased by 31.26%, reflecting strong demand. This impressive growth positions it as one of the top cryptocurrencies to consider for investment. The Fear & Greed Index measures market sentiment and currently sits at 48, indicating a neutral stance among traders.

Some predictions suggest that Pendle price could reach $12.73 next month. If current momentum continues, it could reach $6.31, although increased selling pressure could push the price down to $3.16. Despite this potential volatility, the overall outlook for Pendle remains positive, with many expecting continued bullish growth.

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