Next Crypto Explosion Saturday, January 20 – Tezos, Astar, Chainlink

adminJanuary 21, 2024

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The cryptocurrency market is full of investors looking for the next big thing that will make a big impact and drive potentially explosive growth. However, the cryptocurrency market is dynamic. Therefore, identifying the next cryptocurrency to explode becomes a topic of great interest and anticipation. This article simplifies the search for investors and market enthusiasts with a compiled list of the next cryptocurrencies set to explode.

Next Cryptocurrency to Explode

Market trends and opportunities are changing rapidly and traders are watching this space intently. While investors wait for the next cryptocurrency to explode in the coming bull market, three contenders are gaining attention: Tezos, Astar, and Chainlink. This token is generating considerable buzz and interest. Additionally, Bitcoin Minetrix made the list after raising over $8,917,817 in its ongoing pre-sale.

1. Asta

Astar Network (ASTR) plays a critical role in driving global adoption and bringing web3 technology to a broad user base. Recently, the project announced a major milestone on its official X account, revealing that it now boasts over 650,000 ASTR holders. These statistics highlight the rapid adoption of Astar Network within the Web 3.0 ecosystem.

Additionally, to complement these achievements, the total ASTR tokens deposited to projects within the ecosystem exceeded 3.4 billion. Additionally, according to Coincodex data, Astar’s circulating supply is only 5.5 billion ASTR. This update has resulted in a positive change in ASTR price. The token is trading at $0.1798, up 7.51% over the last 24 hours.

ASTR price chart

Likewise, ASTR is one of the best performing altcoins on the market, with a weekly surge of 19.21%. Additionally, ASTR has seen an impressive price increase of 328% in the past year, surpassing 90% of the top 100 cryptocurrencies. Astar Network has achieved success with a growing community and widespread adoption.

🌟 The number of owners has exceeded 650,000! 🎉
Over 3.4 billion ASTR is staked in the project!
What are the key drivers of our growth?
easy! Various teams incentivized to build on Astar introduced exciting new products and activities for supporters. pic.twitter.com/TxjrzhZYT0
— Astar Network (@AstarNetwork) January 17, 2024

Additionally, Astar Network is preparing a major rebranding initiative called Astar 2.0. The project aims to improve network capabilities with the expectation of further adoption consistent with long-term growth goals.

On another note, Astar Network has achieved important milestones in user adoption and token staking within its ecosystem. There are plans for a positive market response and a major rebranding position for ASTR as the next cryptocurrency set to explode.

2. Tezos (XTZ)

EMERGE Group partners with TZ APAC to enable Web3 gaming on the Tezos blockchain. The main purpose of this collaboration is to provide marketing solutions and support for publishing partnerships within the gaming industry.

Moreover, these developments coincide with the rising market value of Tezos, indicating an upward price movement. The value of Tezos increased by 6.51% in the last 24 hours, resulting in a surge in trading volume to $58.06 million. Due to neutral overall market sentiment, traders are holding the coin in anticipation of a potential bullish rally.

XTZ price chart

Last year, Tezos showed steady growth, boasting a 4% price increase. The token is currently trading above its 200-day simple moving average. Additionally, Tezos maintained an annual supply inflation rate of 5.49%, creating 50.35 million XTZ last year.

Are you interested in Web3 wallets and the Tezos ecosystem?
Watch our latest video here: https://t.co/KJSqWkfL0U
It is suitable for people who want a basic understanding of Web3 wallets from a user perspective.@beatkalipska
— Tezos (@tezos) January 15, 2024

However, investors have noticed that Tezos has only seen positive gains in 13 of the past 30 days, indicating a lack of sustained positive momentum. Additionally, XTZ ranked 14th in the Proof-of-Stake coin category and 1st in the Tezos network category. Tezos is highly liquid by market capitalization and is actively traded on the Binance platform.

This collaboration between EMERGE Group and TZ APAC represents a move to advance Web3 gaming on Tezos. Investors are advised to conduct thorough research and risk analysis before considering Tezos as an investment option.

3. Chainlink (LINK)

Gains Network joins forces with Chainlink. Chainlink’s robust infrastructure is set to play a role in gTrade’s custom Decentralized Oracle Network (DON), which is 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.

This is also accomplished by integrating Chainlink’s data streams and Cross-Chain Interoperability Protocol (CCIP) into the trading platform. Data Streams are also leveraged to secure critical aspects of trading operations, including trade execution, conditional orders, and clearing. Chainlink’s multiple nodes pull intermediate prices from various exchanges, ensuring timely and accurate market information.

LINK price chart

This integration is an important step for gTrade, promising improved reliability and decentralization. Additionally, it opens the door for future integrations to suit gTrade’s evolving needs. However, LINK showed a notable upward trend despite the downturn in the cryptocurrency market.

.@GainsNetwork_io is integrating #Chainlink Data streams and CCIP secure on-chain transactions and enhance cross-chain governance and staking.
How the Chainlink Platform Unlocks the Next Generation of DeFi ⬇️https://t.co/EaD7RQOkRh
— Chainlink (@chainlink) January 18, 2024

This week alone, the value of LINK increased by 11.34% in one week. It is currently trading at around $15.82. As a result, Chainlink is a standout player amidst market fluctuations. Chainlink has shown remarkable strength, outperforming Bitcoin and Ethereum.

Additionally, this token ranks first among DeFi coins and second among Ethereum (ERC20) tokens. LINK’s continued growth reflects its resilience and potential utility within the cryptocurrency market. Nonetheless, it is important to acknowledge that Chainlink is trading 70% below its all-time high.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix is set to revolutionize the Bitcoin cloud mining landscape through its innovative Stake-to-Mine mechanism facilitated by smart contracts. This mechanism is automated through smart contracts. Therefore, we aim to build a safe and efficient ecosystem between blockchains by solving the limitations associated with existing cloud mining.

BTCMTX successfully raised over $8,917,817.82 of its $9,509,882 goal. Moreover, potential investors still have a 15-hour window to purchase before the token price rises slightly.

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

great achievement #Bitcoin Metrics!
Exceeded $8,600,000! 🌐 pic.twitter.com/r3i9wdtSbg
— Bitcoin Minetrix (@bitcoinminetrix) January 17, 2024

In conclusion, investors should thoroughly evaluate the project’s claims and equity structure before making a decision. Additionally, it is important to understand the complexities of the Bitcoin Minetrix approach to evaluate this promising investment opportunity.

In other cryptocurrency news, MicroStrategy is currently generating investor interest in cryptocurrencies. While this may seem counterintuitive, a closer look reveals a strategic move that could potentially deliver significant profits with a sharp rise of over 100% in the coming years.