The following cryptocurrencies will explode on Thursday January 25th – Manta Network, Lido DAO, Stellar

adminJanuary 26, 2024

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Which cryptocurrency has the greatest profit potential? The recent market rally has investors wondering which cryptocurrencies have the most promising future ahead of them. As the market matures and expands, investors are becoming more cautious in their cryptocurrency selection. Fortunately, this article reviews projects with optimistic price forecasts and important developments to help investors make informed decisions.

Next Cryptocurrency to Explode

The Binance listing and investor interest led to a surge in MANTA’s value, pushing its price up 4.35%. At the same time, we analyze Stellar’s price increase due to the Protocol 20 software upgrade vote and Meme Kombat pre-sale. In other cryptocurrency news, Bitcoin’s rise above $40,000 suggests renewed interest and confidence among investors.

1. Manta Network (MANTA)

MANTA has experienced a notable increase in value this week, sparking interest among traders. The catalyst for this surge is MANTA’s recent Binance debut. Additionally, MANTA has consistently trended on CoinMarketCap and received attention from investors.

Additionally, the trading volume of MANTA tokens has increased by 46.42% in the last 24 hours, indicating growing interest from investors and retailers. The price of MANTA continues to trend upward, rising 4.35% today.

manta price chart

This surge in price and volume can be attributed to MANTA’s recent listing on a major cryptocurrency exchange. Furthermore, it is important to note that only 25% of MANTA’s total supply is currently in circulation, adding an element of scarcity to the token. Due to its impressive performance relative to its token sale price, MANTA ranked 26th in the Layer 2 category.

explore $MANTANative utility and governance tokens @Manta Network 🔱$MANTA Grant permission to users. #Manta Pacific and #MantaAtlanticFacilitating enhanced experiences for a modular ecosystem built for the next generation of scalable dApps. https://t.co/XFwIhLy9L9
— Manta Network(🔱,🔱) #MantaNewParadigm(@MantaNetwork) January 15, 2024

As with all investments, the cryptocurrency market is unpredictable, so potential investors should conduct thorough research before making a decision. MANTA’s recent surge signals growing interest, but it is important to approach the market cautiously and clearly understand the risks involved.

2. LDO

Lido DAO recently announced its development by officially introducing wrapped staked ETH (wstETH) on the Mantle Network. This move will allow users to connect their staked ETH to the Mantle Network ecosystem. The integration of wstETH into the Ethereum Layer 2 network represents progress toward improving the scalability and efficiency of DeFi applications.

LDO price chart

Additionally, users can now experience faster transactions and lower fees, streamlining their interaction with the Mantle Network. Investors have shown great interest in Lido DAO, as evidenced by the bullish sentiment surrounding the token price prediction. The Fear and Greed Index recorded a neutral 52, indicating a balanced market outlook.

Lido DAO token has demonstrated strong performance over the past year, outperforming 50% of the top 100 cryptocurrency assets and is trading above its 200-day simple moving average. Out of the maximum supply of 1 billion, the circulating supply of LDO is 890.2 million, maintaining high liquidity compared to the market capitalization.

Basic wstETH transfer is here ⚡️
You can now perform seamless cross-chain transfers of wstETH on Ethereum, Arbitrum, Optimism, Polygon, and Base.
Made with @wormholecrypto and @Uniswap V3 Pool 🪱🕳️
Send your wstETH here: https://t.co/8yzhOreQUP https://t.co/qRMGtAmmPe
— Lido (@LidoFinance) January 17, 2024

In addition, the current annual supply inflation rate is 184.45%, and 577.25 million LDOs were created last year. These inflation rates are a key monitoring factor for investors seeking a comprehensive understanding of token economics.

In conclusion, Lido DAO’s efforts to improve DeFi scalability positions it as a project to watch in the cryptocurrency market. As the market develops, investors will find the seamless integration of staked ETH into the Mantle network attractive.

3. Meme Combat (MK)

Meme Kombat operates as a predictive betting platform for meme coins. Meme Kombat is generating significant interest, especially with its native $MK token expected to see potential growth.

In an ongoing pre-sale, Meme Kombat demonstrated investor enthusiasm by successfully raising $7,434,377.16 of its $8,000,000.00 goal. Currently 50% of MK tokens are pre-sold at $0.279 each, capped at $10 million. The platform’s unique gaming features and passive income prospects through staking contribute to its appeal.

It surpassed 7.4 million dollars. $MK Reservation 🥊
One step closer to the finish⚔️ pic.twitter.com/QdKOPIjv5G
— Meme Kombat (@Meme_Kombat) January 25, 2024

Meme Kombat’s dual approach of staking and betting aims to increase the utility of MK tokens for users. With a pre-sale cap of $10 million, the platform seeks to balance accessibility and controlled token distribution. Meme Kombat also plans to list its tokens on decentralized exchanges, allocating 10% of its total supply to facilitate smooth transactions.

This move highlights the project’s commitment to decentralized MK token trading, as outlined in the whitepaper. Having successfully raised over $5 million in its initial coin offering (ICO), MKt has reached the halfway point of its pre-sale. Investors who want to participate can earn a competitive Annual Percentage Yield (APY) of 184% by staking MK tokens.

The platform also allows stakers to earn APY while engaging in prediction betting. The staking mechanism is innovatively designed by combining on-chain and off-chain transactions to minimize user fees. Users can choose to stake or distribute tokens for battle within an integrated gaming system, providing flexibility in participation.

In conclusion, Meme Kombat’s unique combination of prediction betting and staking positions the $MK token as the next explosive token. Successful pre-sales and innovative features contribute to increasing the attractiveness of the platform, making it noteworthy for investors seeking various opportunities in the market.

Visit Meme Kombat Presale.

4. Stellar (XLM)

Stellar has revealed that a scheduled vote is underway for Protocol 20, its eagerly awaited software upgrade. These anticipated software improvements have resulted in positive changes in the price of XLM. The current value of the token is $0.1117.

Additionally, the cryptocurrency recorded a trading volume of $75.92 million, reaching a market capitalization of $3.17 billion in 24 hours. Additionally, since XLM’s previous all-time high, the token experienced a cycle low of $0.027660 and a cycle high of $0.796465.

XLM price chart

Additionally, XLM has outperformed 55% of the top 100 cryptocurrencies with a 24% gain over the past year. However, it is insufficient compared to Bitcoin and Ethereum and is currently trading below the 200-day simple moving average.

Despite the recent rally, Stellar’s price forecast sentiment remains bearish, consistent with its Fear and Greed Index score of 52, indicating a neutral market stance. However, out of the maximum supply of 50B, 28.39B is currently in circulation.

Stellar has been trading for 15 of the last 30 days, reflecting a 50% positive trend. In particular, cryptocurrencies are actively traded on Binance. XLM ranks first in the Stellar Network category and 17th in the Layer 1 category.