Next Crypto Explosion Friday, January 26 – NEAR Protocol, The Graph, Fetch.ai

adminJanuary 27, 2024

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Digital assets have become an attractive option for investors looking for promising returns. Identifying the next cryptocurrency on the verge of explosive growth requires a careful understanding of market trends. Insidebitcions researches the cryptocurrency market and highlights specific cryptocurrencies that are expected to grow substantially.

Next Cryptocurrency to Explode

As each project comes with unique features and promising developments, this article aims to highlight the factors contributing to the explosive growth of these tokens. We analyze the 8.91% intraday increase of the NEAR protocol and the continued upward trend of the GRT price. We also take a closer look at Bitcoin Minetrix and highlight its success as a pre-sale in the cryptocurrency space.

1. NEAR Protocol (NEAR)

The NEAR protocol is steadily gaining momentum, with an intraday price increase of 19%. This follows an incredible 300% surge since the rally began in October. Moreover, NEAR recorded a significant trading volume of $518 million in 24 hours, signaling significant market activity that could impact the price.

The continued bullish momentum suggests that NEAR bulls are actively driving the upward price trend. Additionally, the current sentiment regarding the NEAR Protocol price prediction leans toward a bullish outlook. However, the fear and greed index was 49, indicating a neutral position.

NEAR price chart

The NEAR protocol ranks 20th in the Layer 1 category, but its price has increased by 14% in the past year. The project’s inflation rate, currently at 20.99%, translates to generating NEAR 174.33 million last year. These figures highlight the dynamic nature of the supply dynamics of the NEAR protocol.

The token’s all-time high was $20.42 on January 16, 2022, and its all-time low was $0.526680 on November 4, 2020. The lowest price since ATH was $0.972014 and the highest price since the last cycle low was $4.61. .

Why Choose NEAR for Data Availability?
The NEAR protocol was built to onboard more than 1 billion users to Web3.
Discover the benefits of NEAR’s innovative solution for rolling up Ethereum that delivers unparalleled scalability and economics in the Web3 space. https://t.co/x2i7zvgkwH pic.twitter.com/C68GYvu4uc
— NEAR Protocol (@NEARProtocol) January 26, 2024

Moreover, recent market trends seem to confirm that the optimism about NEAR is not over yet. The surge in daily active users on the NEAR network further strengthens trust between token holders and investors. However, it is important to recognize potential obstacles on NEAR’s path to new highs.

2. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix is a tokenized cloud mining platform that aims to democratize Bitcoin (BTC) mining through decentralization. The platform token, BTCMTX, is currently available at a discounted price of $0.0131. As of the latest update, the project has successfully raised over $9,513,436.24 of its $10,326,940 goal.

#Bitcoin Metrics We successfully raised over $9,400,000! 🪙 pic.twitter.com/4jFDiFu5wJ
— Bitcoin Minetrix (@bitcoinminetrix) January 26, 2024

Additionally, Bitcoin Minetrix emphasizes a community-driven approach. A significant portion of the token supply will be available during the pre-sale, with additional allocations allocated for marketing, community rewards programs, and staking. This allocation strategy is consistent with the project’s commitment to putting communities at the forefront.

Moreover, the project’s pre-sale page states that the token price will increase in 4 days. This strategic pricing model aims to encourage early participation. Additionally, Bitcoin Minetrix sees tremendous potential for BTCMTX in the cryptocurrency market.

Investors are advised to keep an eye on the token considering its potential as a next-generation cryptocurrency that could experience significant growth. BTCMTX’s current discounted price and strategic supply allocation provides an interesting option for investors.

Visit Bitcoin Mintrix Presale.

3. Fetch.ai (FET)

Fetch.ai is a leader in the cryptocurrency space focused on innovation within the open source ecosystem to enhance peer-to-peer (P2P) applications. The project combines advanced automation and artificial intelligence (AI) to create a unique platform.

The platform also creates smart software called Autonomous Economic Agents (AEA). These are intelligent software objects built to perform tasks on behalf of users and actively participate in economic activity.

FET price chart

Fetch.ai, which currently has a market cap of $424.23 million, differentiates itself through its generative AI approach. Moreover, its high narrative score and 7% intraday growth rate make it a commendable performer in the ongoing bull market.

Additionally, Fetch.ai has experienced an incredible price increase of 133% over the past year, outperforming 79% of the top 100 cryptocurrency assets. Fetch.ai boasts a circulating supply of 688.12 million FETs out of a maximum supply of 1.15 billion.

Coming soon: Game-changing BlockAgent #web3 🌐
BlockAgent leverages our advanced features. #AIAAgent It shows how flexible and versatile technology can be in making on-chain insights more accessible.
Quickly deploy agents and get personal, real-time blockchain data insights 📊 pic.twitter.com/c7kmKNAnaz
— Fetch.ai (@Fetch_ai) January 19, 2024

Additionally, Fetch ranks 36th in the Ethereum (ERC20) token category. It also ranks 47th in the Layer 1 category and 7th in the AI Crypto category. The token trades above its 200-day simple moving average, a trend often associated with positive market sentiment.

Additionally, the project shows high liquidity based on its significant market capitalization. In summary, Fetch.ai’s approach and solid performance positions it as a next-generation cryptocurrency. However, as with any investment, investors should conduct thorough research and consider the risks associated with the cryptocurrency market.

4. Graph (GRT)

GRT has seen a positive trend with its price rising 4.73% over the last 24 hours. As an indexing protocol, GRT aims to provide data query services for Ethereum and other layer 1 chains. As adoption of blockchain technology increases, it is likely that GRT prices will continue to rise.

Additionally, GRT may improve in the new year when the expected altcoin rally occurs mainly towards the end of the year. Moreover, GRT has outperformed 68% of the top 100 crypto assets, with a price increase of 72% over the past year. The project is trading above its 200-day simple moving average, indicating a positive trend.

GRT price list

The Graph currently ranks #50 on CoinMarketCap and has a real-time market cap of $1,467,065,369. Currently, a total of 9.39B GRT is in circulation out of the maximum supply of 10.06B GRT. The token demonstrates significant market presence.

However, potential obstacles could affect GRT’s benefits. Investors must carefully analyze tokens to determine a profitable strategy. Moreover, GRT is a noteworthy coin this season. Despite recent positive growth, investors should consider potential challenges and past performance patterns when developing a strategy.

GRT price chart

Meanwhile, according to a report by Chainalytic, cryptocurrency theft will decline significantly in 2023, totaling $1.7 billion, a 54.3% decline. This comes after a tumultuous 2022 that saw a record $3.7 billion in losses due to hacking and theft.