Next Crypto Explosion Sunday December 10 – Frax Share, Cronos, Synthetix

adminDecember 11, 2023

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Typically, the end of the year in the cryptocurrency industry evokes mixed emotions from investors. As the industry approaches its halving, the market is divided between extremely greedy or optimistic investors and cautious cryptocurrency investors. More importantly, the debate between bulls and bears over Bitcoin’s ultimate price destination is much more intense.

Next Cryptocurrency to Explode

Regardless of Bitcoin’s performance, cryptocurrency investors will need to decide how to allocate their capital, especially in the altcoin category. So what cryptocurrency will explode next? In today’s article, we will cover crypto assets that have seen exceptional price movements over the past 24 hours and examine the reasons behind them recording such large price movements. The list also includes updates on pre-sale opportunities for what could potentially be the next penny cryptocurrency to explode.

1. Frax Share (FXS)

What happens when FXS finally breaks the $10 resistance? The current price of FXS is $9.3 and has been on a steady upward trend over the past 60 days, long before the cryptocurrency rally began. The price has steadily increased from $5.4 to the current price of $9.3, a gain of over 73%.

Although altcoin assets are said to have had relatively low gains compared to other major tokens such as Bitcoin or Ethereum, it is difficult to ignore the gains of FXS and other similar assets. As the token approaches the $10 – $12 range, investors may need to watch its price movement closely as it could be one of the next cryptocurrencies to explode.

Frax stock chart

Given recent price movements, especially over the past 52 weeks, it is likely that bulls will maintain their dominance for much longer than expected. Today’s market data shows FXS is up over 2% in price and trading volume is up over 35%. Additionally, the moving average is printing values in the range of $6.6 – $9.1, which indicates potential bullish momentum as it is relatively lower than the current price.

On the other hand, the FXS RSI value is approaching overbought territory, indicating that the price may fall faster. Nonetheless, a drop in FXS price could be an opportunity to buy the dip as it is likely to return to the upside later.

2. Kronos (CRO)

Cronos rose nearly 43% in November, and many speculate it will perform similarly this month. Nonetheless, is Cronos the next cryptocurrency to explode? CRO recorded a price increase of over 9% today, with volume increasing by 250%. Since arriving on OKX a few days ago, the asset’s value has increased by almost 18%, from $0.09 to $0.1.

$CRO Now available in @okx On-chain savings🔥 https://t.co/5GfiI7a4vD
— Cronos (@cronos_chain) December 8, 2023

Recent price movements have brought it to a new YtD high value of $0.12. However, it has recently fallen from that high to values between $0.09 and $0.1. Nonetheless, CRO has maintained bullish momentum that could push its value back to $0.12.

With strong fundamentals and the overall outlook for the cryptocurrency market, CRO is likely to find the momentum it needs to break above the $0.1 – $0.2 resistance area. However, the odds of CRO becoming a dollar cryptocurrency this quarter are very low as it continues to suffer from relatively low liquidity. Nonetheless, if it successfully breaks above the resistance level, CRO could head above $0.50 or $0.80.

Kronos price chart

Even if the value of CRO does not exceed $1, the potential for huge profits is still available. When a bull market reaches its peak, this could be one of the tokens that generates huge profits, so investors should watch the trends carefully.

3. Avalanche AVAX

Investors considering investing in altcoins should take note of notable AVAX price movements. Its performance mirrors the gains of Ethereum and other major coins.

Over the past 60 days, AVAX has seen its price rise from $9 to $33, a whopping 266% increase over that period. What’s even more impressive is that the token shows no signs of relenting, as both the short-term and long-term moving averages are below its current value and the MACD figure remains bullish.

avalanche price chart

Is AVAX the next cryptocurrency to explode? Avalanche has had an impressive year, outperforming Bitcoin, Ethereum, and over 80% of the top cryptocurrencies. According to today’s market data, AVAX has recorded a 4.5% price increase in the last 24 hours, making it one of the top gainers right now. In addition to today’s performance, Green Day has been around for about 22 days in the past 30 days.

With strong fundamentals and bullish signals from technical indicators, it is clear that AVAX is one of the cryptocurrencies to watch this season.

4. TG. Casino (TGC)

TG.Casino, a Telegram-based casino cryptocurrency project, is likely to be one of the explosive new cryptocurrency projects. This may be because they take advantage of a variety of opportunities for potential success. The new project leverages the established Telegram customer base, blockchain technology, and the growing cryptocurrency casino niche. The project aims to provide Telegram users with access to hundreds of casino games. TGC holders therefore have power over the future of cryptocurrency casinos.

It recently reached $3,730,621 as it neared its $5 million goal. This means that the cryptocurrency industry welcomes a new addition to one of the fastest-growing crypto sectors outside of DeFi.

Investors still have the opportunity to purchase TGC for as low as $0.18. Probably the lowest price ever. As soon as presales reach $5 million, your opportunity to purchase at that price is gone.

each $TGC The token is now worth $0.175.
Congratulations to everyone who purchased, and thank you to everyone who participated in this pre-sale🎰 pic.twitter.com/Y85QjX63UY
— TG Casino (@TGCasino_) December 2, 2023

With access to millions of Telegram users, TGC holders can earn more profits. First, they will benefit from the profits that accrue as soon as they are listed on the exchange. Additionally, since TG.Casino is one of the early entrants in the niche, it stands to gain impressive profits once the cryptocurrency casino sector matures.

Visit TG.Casino Presale