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Next Cryptocurrency to Explode Saturday, January 20 โ€“ Tezos, Astar, Chainlink

January 21, 2024No Comments

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The cryptocurrency market is full of investors looking for the next big thing that is set to impact and potentially achieve explosive growth in a significant way. However, the cryptocurrency market is dynamic; Therefore, identify the following cryptocurrency exploit becomes a topic of great interest and expectation. This article simplifies the search for investors and market enthusiasts with a compiled list of the next cryptocurrencies to explode.

The next cryptocurrency to explode

Market trends and opportunities are changing rapidly and traders are eagerly watching the space. As investors wait for the next cryptocurrency to explode in the next bull run, attention is focused on three contenders: Tezos, Astar and Chainlink. These tokens are generating a lot of hype and attention. Additionally, Bitcoin Minetrix is โ€‹โ€‹listed after raking in over $8,917,817 in its ongoing pre-sale.

1. Astar

Astar Network (ASTR) is positioned as a major player in advancing global adoption and delivery of web3 technology to a broad user base. Recently, the project announced key milestones on its official X account, revealing that it now has over 650,000 ASTR holders. This statistic highlights the rapid acceptance of Astar Network within the Web 3.0 ecosystem.

Furthermore, to complement this achievement, the total ASTR tokens staked in projects within its ecosystem has exceeded 3.4 billion. Furthermore, Astar has a circulating supply of only 5.50 billion ASTR, according to data from Coincodex. This update has caused a positive change in ASTR price; The token is trading at $0.1798, reflecting a 7.51% increase in the last 24 hours.

ASTR Price Chart

Similarly, ASTR saw a weekly increase of 19.21%, placing it among the top-performing altcoins in the market. Furthermore, ASTR saw an impressive 328% price increase last year, outperforming 90% of the top 100 cryptocurrencies. Astar Network attributes its success to its growing community and widespread adoption.

Additionally, Astar Network is gearing up for a major rebranding initiative, Astar 2.0. The project aims to improve network functionalities, anticipating greater adoption that aligns with its long-term growth ambitions.

Furthermore, Astar Network has achieved important milestones in user adoption and token participation within its ecosystem. The positive market response and plans for a major rebrand position ASTR as the next cryptocurrency to explode.

2.Tezos (XTZ)

EMERGE Group has partnered with TZ APAC to power Web3 games on the Tezos blockchain. The primary goal of this collaboration is to provide marketing solutions and support for publishing partnerships within the gaming industry.

Furthermore, this development aligns with a rally in the market value of Tezos, indicating an upward movement in its price. The value of Tezos has increased by 6.51% in the last 24 hours, with a corresponding increase in trading volume to $58.06 million. Due to the overall neutral market sentiment, traders are holding onto their coins in anticipation of a possible bullish rally.

XTZ price chartXTZ price chart

Last year, Tezos demonstrated a steady growth trend, with a 4% price increase. Currently, the token is trading above its 200-day simple moving average. Furthermore, Tezos maintains an annual supply inflation rate of 5.49%, creating 50.35 million XTZ in the last year.

However, investors should note that Tezos only posted positive gains on 13 days of the last 30 days, indicating a lack of sustained positive momentum. Additionally, XTZ is ranked 14th in the Proof-of-Stake coin sector and 1st in the Tezos network sector. Tezos exhibits high liquidity based on its market capitalization and is actively traded on the Binance platform.

This collaboration between EMERGE Group and TZ APAC signals a move towards advancing Web3 gaming on Tezos. Investors are encouraged to conduct extensive research and risk analysis before considering Tezos as an investment option.

3. Chain Link (LINK)

Gains Network has joined forces with Chainlink. Chainlink's robust infrastructure will play a role in gTrade's custom Decentralized Oracle Network (DON), primarily used for price validation. As part of Gains Network's comprehensive cross-chain roadmap, gTrade aims to improve data accuracy and cross-chain interoperability.

Additionally, this is done by integrating Chainlink's data streams and Cross-Chain Interoperability Protocol (CCIP) into its trading platform. Additionally, data flows will be leveraged to protect crucial aspects of trading operations, including trade execution, conditional orders, and settlements. Chainlink's multiple nodes will source average prices from various exchanges, ensuring timely and accurate market information.

LINK price chartLINK price chart

This integration marks a significant step for gTrade and promises greater reliability and decentralization. Beyond that, it opens the door to future integrations aligned with gTrade's changing needs. However, LINK has demonstrated a notable bullish trend even though the cryptocurrency market is experiencing a slowdown.

This week alone, LINK has witnessed a value increase of 11.34% in one week. It is currently trading at approximately $15.82. As a result, Chainlink is a prominent player amid market fluctuations. Chainlink has shown remarkable strength by outperforming Bitcoin and Ethereum.

The token also ranks first in the DeFi coin sector and second in the Ethereum (ERC20) token sector. LINK's sustained growth reflects its resilience and potential utility within the crypto market. However, it is essential to recognize that Chainlink is trading down 70% from its all-time high.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix is set to revolutionize the Bitcoin cloud mining landscape with its innovative Stake-to-Mine mechanism, facilitated by smart contracts. This mechanism is automated through smart contracts. Therefore, it aims to establish a secure and efficient ecosystem between blockchains, addressing the limitations associated with traditional cloud mining.

BTCMTX has successfully raised over $8,917,817.82 of its goal of $9,509,882. Furthermore, potential investors still have a 15-hour window to make purchases before the token price sees a slight increase.

The project has received substantial attention during its pre-sale phase, positioning itself as the next cryptocurrency to explode. Furthermore, this traction suggests a strong ability to engage participants and secure funding, indicating notable market interest in its unique participation mechanism.

In conclusion, investors should thoroughly evaluate the project's claims and participation structure before making decisions. Furthermore, understanding the complexities of Bitcoin MinetrixThe approach will be crucial to evaluating this promising investment opportunity.

In other crypto news, MicroStrategy is currently sparking investor interest in cryptocurrencies. While this may seem counterintuitive, a closer look reveals a strategic move that could potentially lead to substantial gains: an increase of 100% or more over the next year.

Read more

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