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The global market capitalization increased by almost 2% in the early hours of today. However, as the crypto community waits for the altcoin rally, what are the next cryptocurrencies to explode?
The price movement in the last 24 hours has been quite choppy, with several layer two cryptocurrencies recording impressive bullish trends. The overall performance of crypto assets is also quite notable, with trends worth noting.
The next cryptocurrency to explode
Investors may have to look beyond listed cryptocurrencies to identify the next tokens to explode. After the recent performance of new cryptocurrencies Like $ANALOS, it is worth noting that the market now tends to favor rising tokens over established assets.
bitcoin Mintetrix and other pre-sale cryptocurrencies currently show immense potential. This review highlights its features and presents an overview of its pre-sale. Also listed are four cryptocurrencies that investors should put on their watch list.
1. Arbitration (ARB)
Arbitrum price increased by almost 2.7% in the last 24 hours and reached more than $1.7 billion in trading volume on various exchanges. With its increasing demand, bullish pressure continues to force the price higher as it emerges from its stay below the $1.18 price range.
Judging by current market data, ARB is speculated to become the next cryptocurrency to explode. In addition to its price increase in the last 24 hours,
Despite its promising long-term potential, there are short-term drawbacks that investors should watch and consider when making decisions about ARB. First is your RSI value.
ARB is currently overbought and its price could drop soon. However, it is unlikely to register a double-digit percentage drop in price, which is a sure thing for hodlers and presents an opportunity for new buyers. Furthermore, ARB has bounced sideways recently, with 13 green days in the last 30. Furthermore, the circulating supply of the token is less than 20% of the total supply, indicating that it has yet to face several rejections.
However, with TVL's size and growing activities in its network, there are signs that ARB has profit potential in the near term. Furthermore, its strong fundamentals indicate the potential to become the next cryptocurrency to explode. But it is necessary to identify the best time to buy based on a thorough analysis.
2. bitcoin Minetrix (BTCMTX)
The bitcoin Minetrix pre-sale is gradually approaching its goal and the opportunity to acquire a bag of BTCMTX at a discount will close. It means that degenerative investors may miss the opportunity if they do not act quickly.
Only 3 days left #BitcoinMinetrix Stage 15!
What predictions do you have for the future of the entire world? crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto market? pic.twitter.com/QF84lmmm4K
—Bitcoinminetrix (@bitcoinminetrix) December 24, 2023
The project aims to democratize bitcoin mining. True, it is also scheduled, so the launch of the cryptocurrency will be closer to the halving year. Interestingly, the pre-sale of the project has reached stage 15 and more than $5.9 million has been raised.
Adding BTCMTX to the cryptocurrency portfolio only costs a negligible sum. BTCMTX is priced at $0.0124 at the time of this publication, a fraction of its actual value. Within 48 hours, the price is likely to increase by a few percent.
According to its website, the vision of the project is to give cryptocurrency enthusiasts the opportunity to benefit from the halving year. There is no better way to make money during halving year than to mine bitcoin. The details of the project are reflected on its pre-sale page.
Visit the bitcoin Minetrix pre-sale
3. Avalanche (AVAX)
Avalanche has been one of the best performing Layer 1 cryptocurrencies in this bull market, with price increases of over 400% in the last 60 days. It recently broke the resistance of $38 to $40. And it is on its way to printing more values. Is AVAX the next cryptocurrency to explode?
From its recent performance, Avalanche maintains its reputation as one of the top cryptocurrencies to watch. In the last 24 hours alone, it recorded a 63% increase in trading volume. Even from its recent trends, its price has remained green for 23 days in the previous 30, representing an uptrend of 77% in the period.
With the recent rush focusing more on asset tokenization, there is no doubt that AVAX will maintain its bullish trend next year.
Furthermore, it is important to note that AVAX is favorably priced in the long and short term compared to its moving average. Its current price is above 200 ema, which means it could maintain the current uptrend for much longer.
What a year for institutional adoption and tokenization!
Let's take a look back at a year full of important milestones in the journey towards digitizing the world's assets and adding them to the chain.
These are just some of the 2023 highlights for Avalanche-based institutions pic.twitter.com/ySVCH24gry
— Avalanche (@avax) December 22, 2023
Furthermore, when comparing its performance to what is seen in the top 100 cryptocurrencies, it performs better than 87% of cryptocurrencies, another crucial indication that AVAX may continue to receive favorable cryptocurrency market sentiment. Furthermore, activities on its network are increasing, with several new projects emerging to increase its usefulness and demand.
Although AVAX may not be considering the 1000x margin any time soon, it is still one of the cryptocurrencies to include in the cryptocurrency investment portfolio, especially for medium and long-term strategies.
4. Render Token (RNDR)
The render token is arguably one of the most popular cryptocurrencies in the artificial intelligence sector. Its focus on decentralized GPU gives it immeasurable value, positioning it as one of the crypto projects that will grow with the ai sector. The bull run has given RNDR a price increase of over 200%, much higher than that of most cryptos in the top 100. As the market heads into the next quarter, Render Token remains one of the cryptocurrencies to watch.
Furthermore, the Render token has an increase in trading volume of more than 142% in the last 24 hours, amounting to more than $449.48 in the said period. It also recorded a price increase of around 4%, improving its impressive performance.
Overall, will RNDR become the next cryptocurrency to explode? In the short term, RNDR may not offer exceptional returns to investors as the crypto artificial intelligence sector is gradually emerging. But with the growing attention to ai and GameFi, RNDR has the chance to provide investors with huge profits.
Even now, it outperforms 96% of top-tier cryptocurrencies, outperforming bitcoin and ethereum over the past 52 weeks. In this period, its total profits amounted to more than 997%, with an impressive growth in the number of holders.
BME is now available on the @rendernetwork!
Here's a breakdown guide of essential information about the update: https://t.co/Om0xBliSii
– The rendering network (@rendernetwork) December 21, 2023
RNDR is also gaining more use cases, meaning investors will continue to see gains in their RNDR stocks. Overall, all indicators show that RNDR is on a bullish trajectory that could continue steadily for most of next year. More importantly, the project maintains its focus on increasing its use cases.
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