Next Cryptocurrency To Explode
It’s a new week, and the market is already setting the pace. In today’s next cryptocurrencies to explode update, we’ll review the top-performing cryptocurrencies and explore their future performance. You’re likely wondering what the outlook of the cryptocurrency market today is. Overall, Bitcoin has beat the odds and climbed above the $41k price, a feat that shocked many who have predicted a price decline.
Stacks (STX)
Will stacks become the next cryptocurrency to explode? With its relative strength index moving closer to the oversold, Stacks might get closer to a price decline. However, stacks might still have enough room for more bull runs as key indicators reveal potential bullish trends ahead. Currently, its MACD Level (12, 26) shows a value of 0.0370, signaling more bullish potential. In the last 52 weeks, STX has seen over 599% increase in price and performed better than Bitcoin and Ethereum. With its high liquidity, investors can expect to see growing value over the coming weeks.
NEAR Protocol (NEAR)
NEAR ranks as one of the top-performing cryptocurrencies this quarter, with over a 100% increase in price in the last 30 days. It’s not the first NEAR price pump recently, as its price has recorded a 300% increase since the start of the rally in October. Also, with a sentiment rating of 70 and bullish moving averages on the short-term and long-term signals, traders can expect to see a growing NEAR price for the rest of the quarter, even up to the coming year’s first quarter.
Bitcoin Minetrix (BTCMTX)
As the Bitcoin Minetrix community continues the march towards disrupting Bitcoin mining, the door remains open for investors who want to join the project. At press time, Bitcoin Minetrix has raised over $6 million towards its goals. According to its presale page, investors buying three days from now may have to pay a much higher price to get in. There’s vast potential for BTCMTX in the future, especially as the crypto industry heads towards the halving year. Investors should watch for the token so it might become the next penny crypto to explode. More detailed highlights are available on its presale page.
THORChain (RUNE)
RUNE has been trending for its impressive performance in the quarter. However, it recently started trading sideways, making many investors wonder if RUNE is still a safe bet. Will RUNE become the next cryptocurrency to explode? RUNE recently faced rejection at the $7.12 range, forcing its price to decline as far as $5.2. The downward trend, however, presents an opportunity to capitalize on the cheaper price of the asset. Traders and investors should watch the trends of RUNE closely as it is technically and fundamentally primed to kick into explosive price gains.
Hot Take
In today’s next cryptocurrencies to explode update, you’ve learned about the top-performing cryptocurrencies and their future potential. Given the market trajectory, it’s important to watch for trends closely and make informed decisions for your investment strategy.
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