Next Crypto Explosion Saturday, January 13 – Myro, TRON, Aptos

adminJanuary 14, 2024

join us telegram A channel to stay up to date on breaking news coverage

In today’s financial markets, cryptocurrencies have emerged as an attractive means of delivering significant returns to investors. Identifying the next cryptocurrency poised for explosive growth requires a nuanced understanding of thorough market analysis.

Insidebitcions examines the cryptocurrency market by analyzing the factors affecting the potential of tokens to showcase specific cryptocurrencies that are poised to experience significant growth in the market.

Next Cryptocurrency to Explode

Bitwise Asset Management attracted $237.9 million in inflows on the first day of trading for its spot Bitcoin ETF. As a result, trading of 11 products approved by the Securities and Exchange Commission (SEC) began. In total, issuers collectively raised inflows of approximately $721 million.

heatmap heatmap

Following Bitwise, Fidelity Wise Origin Bitcoin Fund and iShares Bitcoin Trust ranked second and third, with inflows of $226.9 million and $111.6 million, respectively. The debut of Bitwise and 10 other issuers reflected clear demand for products tied to the price of Bitcoin, the world’s largest digital asset by market capitalization.

1. MYRO

Miro is emerging as a competitor in the Solana meme coin space. The project aims to build a diverse ecosystem, hoping to see substantial growth in the upcoming cryptocurrency bull market.

MYRO also saw a notable surge in price, reaching a high of $0.158. Recent data from CoinMarketCap shows that MYRO has increased in value by 113.98% over the past week, with an additional 30% increase in the last 24 hours. The token is approaching a market cap of $100 million and could potentially breach the $0.1 price level.

MYRO price chart

Unlike existing meme tokens, Myro differentiates itself through its multifaceted ecosystem and utility, offering potential for future growth. Additionally, the Miro community is characterized by loyalty and active participation in marketing, which contribute to organic growth.

The token is positioned to benefit from the rising popularity of DeFi and NFTs on the Solana Network. The project’s approach and gamified features aim to attract new users, potentially driving mass adoption in the next bull market. Currently, Myro’s price forecast sentiment is Bullish, complemented by a Fear and Greed Index of 64 (Greed).

The current circulating supply is 944.2 million MYRO out of a maximum supply of 1 billion MYRO. Additionally, Myro ranks 21st in the Solana Network category and 381st in the Meme Coins category. This project is worth monitoring as it appears to be an interesting plan that has the potential to become the next cryptocurrency to explode.

2. Apartment (APT)

On January 12, Aptos plans to unlock 24.84 million tokens worth $204.45 million, adding to its current 309.32 million tokens. This increases the total supply to 334.16 million units. The deployment plan includes 1.33 million APTs for the Aptos Foundation and 3.21 million APTs for the community.

APT price chart

It also includes 11.88 million APT ($97.73 million) for early contributors and 8.42 million APT ($69.33 million) for project investors. In anticipation of this event, APT rose 5.18% intraday, reaching $10.19. By market capitalization, the token boasts high liquidity and has recorded a 51% price increase over the past year.

Speed of less than 1 second. Fast and reliable transactions are just one of Aptos’ strengths.
Learn more @EconiaLabs Other key Aptos protocols on Aptos DeFi Deep Dive: https://t.co/VJq8wYAGfM pic.twitter.com/xnEmRzGGe0
— Aptos (@Aptos_Network) January 8, 2024

However, unlocking tokens brings both opportunities and challenges. Although it can improve liquidity and market activity, it can also introduce price volatility risk due to a sudden increase in available tokens. The market’s reaction to this incident will have a significant impact on Aptos’ short-term price direction.

3. Tron (TRX)

In a recent announcement on X (formerly Twitter), TRON revealed a new partnership with Blockchain.com. This integration aims to improve the efficiency of cryptocurrency trading and user experience within the TRON network. This strategic collaboration aims to streamline TRON’s operations, potentially providing long-term benefits and greater accessibility to TRX.

Since the partnership was revealed, TRON’s value has increased by 10.26%, maintaining positive momentum despite recent market corrections. Analysts are optimistic about TRON’s growth prospects throughout 2024. This follows TRON’s notable 99.77% surge in 2023 and provides a significant boost to the project’s ecosystem.

TRX price chart

Forecasts suggest TRX could reach $0.187 and potentially rise to $0.2 if the market remains strong. The token’s Fear and Greed Index score is 64 (Greed). Tron is trading above its 200-day simple moving average, indicating a positive trend.

The circulating supply of TRON is 92.35 billion TRX out of the maximum supply of 99.28 billion TRX. This contributes to high liquidity by market capitalization. This coin is actively traded on Binance and ranks 5th among Proof-of-Stake coins and 1st on the Tron network.

Currently 40% #USDT Transactions take place in: #tron Through our network, we help people around the world by meeting their everyday needs.🌐🚀 https://t.co/gRsVpuAjrw
— Tron Dao (@trondao) January 12, 2024

Over the past 30 days, the number of green days was 16, accounting for 53% of the observation period. TRON maintains high liquidity based on its market capitalization and is actively traded on the Binance platform. Despite these positive aspects, it is important to note that TRON is down 62% from its all-time high, reflecting market fluctuations and volatility.

Ultimately, TRON’s trajectory will depend on its adoption in 2024. If the collaboration with Blockchain.com is successful, it could potentially lead to a surge in investors holding TRX tokens. This could impact the price of TRON and position TRON as the next explosive cryptocurrency.

4. Meme Combat (MK)

Meme Kombat, a platform for predictive betting, has gained momentum as the $MK token is poised to enter the next phase. Meme Coins were sold at $0.279 per token, generating $6,765,893.44 out of a total of $8,000,000.00.

One unique feature is the live betting system that allows stakers to bet while earning APY (Annual Percentage Yield). The staking mechanism is innovatively designed in a way that mitigates user fees by using both on-chain and off-chain transactions. Users can choose between staking or distributing tokens for battle within the integrated gaming system.

Meme Kombat attracted investors with its unique game features and passive income potential through staking. Moreover, investors have poured a significant $83,000 into $MK tokens, leading to increased scrutiny on the project.

Meme Kombat raised more than $5 million in its initial coin offering (ICO), reaching its 50% goal. Interested investors can stake $MK immediately and earn a competitive APY of 184% with approximately 79% of MK tokens currently staked.

Another milestone 😉
It passed 9000 $MK Stakers, it doesn’t look like it’s stopping anytime soon⚔️ pic.twitter.com/oeMtmP7zjL
— Meme Kombat (@Meme_Kombat) January 13, 2024

Additionally, 76% of the total coin supply has already been sold and staked, putting Meme Kombat in a position to reduce selling pressure on exchanges compared to newly listed tokens. Token supply is limited to 120,000,000, with 50% allocated to the ICO. The remainder is distributed for staking, battle rewards, community incentives, and decentralized exchange liquidity. This allocation strategy aims to foster a sustainable ecosystem for Meme Kombat.

Visit Meme Kombat Presale.