Next Crypto Explosion, November 7 — Raydium, Starknet, EigenLayer

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The altcoin market looks promising, with many altcoins recording profits. Bitcoin (BTC) is still hovering around $74,000, struggling to surpass its all-time high of $73,000. But the market is bullish, so investors and analysts are optimistic. Investors should pay attention to this consolidation phase as it could be an opportunity to follow the upward trend.

The prices of various altcoins are already showing positive movements even before the market fully rises. In today’s article Next Cryptocurrency to Explode Inform investors and traders about each token.

Next Cryptocurrency to Explode

Savvy investors will anticipate a boom in the altcoin market and take positions in upcoming tokens such as Crypto All-Stars. The project aims to revolutionize the meme coin space through the groundbreaking MemeVault ecosystem. This post contains detailed information about presale.

1. Radium (RAY)

On Thursday, November 7, radium (RAY) rose above $5 after rising 27% in 24 hours. As the cryptocurrency market opened up, several other altcoins, including Starknet and EigenLayer, soared. The price of radium rose 51% from $3.213 to $5.05 last week.

Several factors have contributed to RAY’s rise in value. One key factor is that Kraken Pro added RAY futures trading on October 25th, increasing trading options. The platform’s October 23 upgrade improved liquidity and swap speeds, leading to increased trading volume.

RAY price chart

Raydium is currently the third highest decentralized exchange (DEX) by daily trading volume. This price surge makes Raydium one of Solana’s top five DeFi protocols. According to DeFiLlama, Raydium currently ranks fifth in total value locked (TVL), rising over 30% in the past month to surpass $1.5 billion.

Raydium’s price chart shows a promising candlestick pattern, indicating strong buying activity with only a slight downside. This lines up well with the overall bullish sentiment that traders currently have for RAY. Unlike many assets that simply survive market declines, Raydium stands out for its high trading volume and rapid price movements, highlighting its leadership in the rapidly changing cryptocurrency space.

Additionally, increased institutional interest in Solana could have a positive impact on Raydium. The participation of more institutions could increase Raydium’s market share, potentially increasing the value of its token. Technical indicators also remain supportive. The alignment of the short-term and long-term moving averages suggests continued buying pressure, and the current momentum shows little sign of slowing down.

2. Starknet (STRK)

Starknet (STRK) has been showing steady growth over the past month, rising 4.06% to $0.4095 at the time of writing. This includes a weekly gain of 7.14% and a 24-hour gain of 7.98%, reflecting a strong upward trend. Additionally, the RSI and Stochastic indicators (44.57 and 46.16) show that Starknet is neither overbought nor oversold, indicating stable trading activity.

STRK price chart

Starknet, a zero-knowledge rollup network, has set a new benchmark for transaction speed and efficiency between Ethereum layer 2 networks. A week ago, it broke the transaction per second (TPS) record by reaching 127.5 TPS in one day, surpassing Coinbase’s previously recorded Base of 79.92 TPS. This milestone was achieved during a gaming simulation testing Starknet’s ability to handle high transaction volumes, highlighting its potential for scalability in high-demand scenarios.

Starknet’s UX and performance are now industry-leading.
To bridge the gap, StarkWare is focusing on reducing fees while keeping Cairo-Native and Stwo on the menu.
ELI5: Unlike other L2s, gas prices on Starknet remain low even when the price of the blob is brrrrrrr. https://t.co/tA8ZGz762Y
— Brother Starknet_Uncensored (@Starkunfiltered) November 6, 2024

If STRK gains bullish momentum but faces resistance at the 20-day EMA on the daily chart, there is a chance that sellers will break support and push the price lower. However, a rebound from this level could occur if demand remains strong.

STRK’s price forecast sentiment is bullish, with a Fear and Greed Index of 69 indicating a “greed” level. This reflects increased trading and indicates growing optimism about the upward trend. If the broader cryptocurrency market maintains its bullish trend, the average price of STRK tokens could reach $1.19 by 2024.

3. Cryptocurrency All Stars (STARS)

that Crypto All Star The project is making waves in the meme coin space through its unique MemeVault protocol. The platform allows holders of different meme coins to stake their tokens in one integrated system, enabling multi-token and multi-chain staking options. It’s clear that interest in this project is strong, with pre-sales raising over $3 million in just a few weeks.

https://youtu.be/b4sHP9HKhjY?si=wuQVIu7Wz8YvtPnH

One of the standout aspects of Crypto All-Stars is its attractive staking rewards, offering potential APYs of up to 505%. These high returns appeal to early investors and motivate them to participate in the staking ecosystem. The project has garnered attention from top cryptocurrency influencers and continues to build a large community with over 16,500 followers on Twitter and over 2,500 members on Telegram.

Crypto All-Stars integrates popular meme tokens into one platform, allowing users to stake well-known coins such as Dogecoin and Shiba Inu. By unifying these assets, Crypto All-Stars aims to provide a more seamless experience for meme coin holders and reduce the fragmentation currently seen in the meme coin space. MemeVault is designed to make staking more attractive and accessible.

star tweet

The Crypto All-Stars pre-sale is an exciting opportunity for those interested in an innovative staking model and community-driven approach. With high rewards and dedicated anonymous leadership, the project aims for long-term sustainability. Investors can purchase the token at a pre-sale price of $0.0015494 before the price rises within two days.

Buy STARS tokens now

4. EIGEN

EigenLayer (EIGEN) has recently seen a strong recovery as investors took advantage of the momentum following last month’s airdrop. Following the founder’s announcement of a renewed focus on Web3 applications, the token hit a high of $3.86, its highest level since early October. These changes have fueled optimism, and the price of EIGEN has risen 12.85% in the last 24 hours, indicating continued interest in future growth.

Despite the loss of more than 1.6 million tokens (worth about $6.8 million) in a recent hack, the recovery has been steady. The developers outlined plans to gradually release 67 million tokens (4% of the initial supply) over the next year. Some of these tokens are distributed every Tuesday, with 3% allocated to Ethereum and liquid staking token stakers and 1% to EIGEN stakers and operators.

own price chart

Meanwhile, EigenLayer recently introduced a new re-staking option for Bitcoin and Ethereum holders to increase their earning potential through wrapped Bitcoin. This feature allows users to earn higher returns by staking their assets back to the platform.

We are pleased to announce that @OpenGradient We are using re-staked ETH. @eigenlayer Cryptoeconomic security ensures that every Web3 has access to powerful and secure AI workflows.
Make AI work for everyone. Learn more👇https://t.co/5tW42S3Lri pic.twitter.com/o3IQozBCEq
— OpenGradient (@OpenGradient) November 6, 2024

On November 4, EigenLayer also announced increased returns on wrapped Bitcoin investments. As part of this update, P2P.org, the network’s main validator, is now paying users. This additional option allows BTC and ETH holders to stake their assets in a second round, creating more profit opportunities on the platform.

5. Mouden (moodensol.com) (model)

Moo Deng is a Solana-based meme coin inspired by the popular pygmy hippopotamus at a Thai zoo that has recently gained a lot of attention as a cryptocurrency. The price has risen 28.56% in the last 24 hours and is currently trading at $0.2393, with trading volume up 37.42% to $145.01 million. This growth demonstrates the growing community interest in this unique token.

Mudin price chart

On October 25, 2024, Binance added Moo Deng to its futures platform, introducing the MOODENGUSDT perpetual contract offering up to 75x leverage. Binance highlighted this launch as an expansion of trading options to improve user experience. Since this listing, Moo Deng’s price has risen more than 215%, increasing its market capitalization by 28.56% in just one day, reaching nearly $237 million. This rise reflects its unique backstory and enthusiastic response from the cryptocurrency community.

Moo Deng accurately predicted the 2024 US presidential election. pic.twitter.com/mG2bU0mfHX
— Pop Base (@PopBase) November 6, 2024

Mujin’s technical indicators suggest growth potential. MACD shows a bullish crossover with the MACD line above the signal line and a positive histogram indicating strong upward momentum. Moreover, RSI is in the neutral zone at 58.29, indicating that the price is neither overbought nor oversold. This balance leaves room for possible profits without the immediate risk of reaching overbought levels.

Regarding the price movement, if MOODENG breaks the $0.466 resistance, it could rise above $0.500. However, if it fails to hold and falls below $0.1707 (50-day moving average), it could test the support level at $0.09041. A fall below this support line could indicate a bearish reversal. While the indicator is trending upward, these resistance and support levels are likely to form the next big price move.