Next cryptocurrencies set to explode on Friday December 5 – KASPA, Fetch.ai, Arbitrum

adminJanuary 6, 2024

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As the first quarter begins at full speed, which cryptocurrency will explode next? The sharp price fluctuations in the cryptocurrency market took most investors by surprise, resulting in the liquidation of more than 180,000 positions. In the cryptocurrency market, BTC price briefly reached an eight-month high of 45,000 before falling back to 43,000.

Conversely, altcoin market performance plummeted as investor optimism underwent a brief test with drastic changes.

Next Cryptocurrency to Explode

However, the trend over the past 24 hours has remained consistent, with periodic highs and lows. Nonetheless, the cryptocurrency outlook for this quarter remains promising, with several cryptocurrencies showing impressive performance. Today, Kaspa, Fetch.ai, and Arbitrum lead the list of gainers with Meme Kombat positioning themselves to be the next memecoin to explode. Below is a brief overview of the currency’s performance.

1. CAS

Many may assume that KAS is currently overvalued, but recent market data suggests that KAS may be one of the next cryptocurrencies set to explode. In the last 24 hours, it has recorded a price increase of about 6% and a volume increase of 23%.

Moreover, looking at short-term indicators, it appears that the KAS downtrend is likely to dominate the short-term moving average in the short term. However, long-term holders appear to be staying put as the 200-day Ema is still going strong with strong buy indicators.

Kaspa price chart

Additionally, the KAS oscillator shows that market sentiment towards the token is largely mixed with several bullish and neutral sentiments along with a few bearish signals.

However, considering the growing interest in KAS from Chinese investors, it is possible that the token could recover a bullish rally after overcoming the short-term decline it is currently experiencing. According to market data, the MACD value is -0.001290, indicating potential bullish momentum.

🎉What an amazing year it has been! And 2024 will be even bigger! What are you most looking forward to? #caspar Even after 2024?🥂#Rusticaspa #DAG Night #Affiliate adoption #SmartContracts #integrated #exchange
Choose one or suggest another! ^$what #digital silver… pic.twitter.com/JOlZmgXipq
— Caspian (@CaspaCurrency) December 31, 2023

Meanwhile, KAS holds only 77% of the total circulation, meaning investors can expect increased volatility in the future. Nonetheless, its high liquidity rating can compensate for volatility.

Additionally, the token has a strong foothold and growing adoption, especially in the Asian continent. Therefore, this is one token that should be on every investor’s watchlist.

2. Fetch.ai (FET)

Despite the skepticism in the altcoin market, FET market data has been quite impressive so far, with prices up more than 8% and volume up around 30% in the last 24 hours.

Meanwhile, the growing interest in the cryptocurrency AI sector may trigger price fluctuations in the FET token, as other coins in the industry have also seen price movements in the past 24 hours. Overall, global cryptocurrency market capitalization reflects the sentiment of the cryptocurrency industry.

Fetch.ai price chart

However, the cryptocurrency’s market capitalization recorded a surge of more than 3% due to the surge in BTC price, but later settled down to its current value of $1.66 trillion. However, the token’s recent performance comes from its listing in Indonesia. Investors believe the listing will impact asset prices for the remaining quarters.

Notably, the current price action has brought Fetch.ai back to key support, indicating that bulls may push the price further towards the $1 level. However, the likelihood of that happening will depend on the overall outlook for the cryptocurrency market this quarter.

new #DeltaV Community integration! ⚡
After releasing an early access version of DeltaV to several sets of developers, @neerajkrbansal Now integrated @Amazon Product Search 🔍
our abilities #AIAAgent DeltaV is expanding every day! 👇 https://t.co/OEvVv0PTCZ
— Fetch.ai (@Fetch_ai) January 2, 2024

Meanwhile, the project team continues to drive more use cases through innovative concepts and partnerships. We also sponsored major AI-related events and projects. The community recently opened its doors to attract developers through the DeltaV program.

3. Arbitration (ARB)

Arbitrum maintains a strong upward trend towards the $2 price despite the decline in BTC price. Rising prices drove TVL to an all-time high of $10 billion, with a total increase of over 430% YtD. Over the past 30 days, the token price has risen more than 30%, showing a clearer path towards the $2 range. But will ARB be the next cryptocurrency to explode?

decision price chart

Arbitrum doesn’t just get a price increase; Recently, there has been a noticeable surge in mentions of the token on social media, landing it on Twitter’s trending list. While social media mentions will not ultimately determine the direction of a token’s price, they may be a sign of growing interest in the token and may impact the overall outlook for the quarter.

However, one of the factors contributing to the growing interest is the introduction of custom gas tokens for the Arbitrum Orbit chain. This move allows the Orbit chain to use ERC20 tokens for transaction fees. Through innovation, cryptocurrency projects can now improve the underlying economy. However, it is not yet clear how this will affect price movements in the quarter.

Custom gas tokens for the Arbitrum Orbit chain are now supported!💙🪐
The Orbit chain now accepts any ERC20 token for transaction fees, allowing projects to build a vibrant native economy.
Since Arbitrum Orbit first launched, custom gas tokens have become the most… pic.twitter.com/pxWh582q4M
— Arbitrum (💙, 💙) (@arbitrum) January 4, 2024

ARB has many hurdles to overcome before it can embark on a prolonged bull rally, but its current performance shows that this is one token that investors should be watching closely this quarter. On the other hand, short-term indicators show that the price is currently overbought and may fall soon. Therefore, investors should consider RSI when making decisions.

4. Meme Combat (MK)

The Memecoin category has produced several winners recently. BONK took control at the end of last quarter. Dogecoin is also back after its price surged a few percent.

Surprisingly, a new token is now gaining ground in this space. One of them is Meme Kombat. The new project, currently in pre-sale, has thousands of followers on social media. And in less than 14 weeks of pre-sale, it raised more than $6 million.

One of the factors contributing to its growing popularity is its simple basic principles. The project focuses on providing investors with the opportunity to grow generational wealth through Degen investment strategies. Provides APY returns worth 155%. We also promise to invest more than 10% of the total supply into community rewards.

Memecoins are actually the best way to have fun with money🌟 pic.twitter.com/aSn2e7CJFN
— Meme Kombat (@Meme_Kombat) December 3, 2023

More importantly, the Meme Kombat community participates in fun games. You also receive rewards through a P2E model. The offer to come aboard and own a bag of tokens is still open. You can currently purchase it at a discounted price of $0.279.

Visit Meme Kombat Presale.