Next cryptocurrencies set to explode on Sunday, December 31 – Stacks, NEAR Protocol, Bitcoin Minetrix

adminJanuary 1, 2024

join us telegram A channel to stay up to date on breaking news coverage

A new week has begun. The market is already picking up speed. For today’s explosive update, Next Cryptocurrency, we will review the top performing cryptocurrencies and explore their future performance.

So, before looking into the details, what is the current outlook for the cryptocurrency market? Overall, Bitcoin beat the odds and rose above the $41,000 price. This is a feat that surprised many who had expected prices to fall.

Next Cryptocurrency to Explode

Additionally, the global cryptocurrency market capitalization continues to rise, rising 1% over the past 24 hours. However, during the same period, trading volume decreased by 32%. As the cryptocurrency community approaches halving, expectations for an explosive pump tax increase. Additionally, the Bitcoin Minetrix presale is also making impressive progress. The evidence is undeniable that it could soon be a cryptocurrency that explodes. Here’s a quick rundown of what every investor needs to know.

1. STX

Will Stack be the next cryptocurrency to explode? As the Relative Strength Index approaches oversold, Stacks may move closer to a price decline. However, there may still be plenty of room in the stack for more bullishness as key indicators show a potential bullish trend going forward. The current MACD level (12, 26) is 0.0370, indicating greater upside potential.

Additionally, the long-term moving average is below the current price trend, indicating a continuing bullish trend. The price has risen over 5% in the last 24 hours, with trading volume exceeding $278 million during this morning’s hours.

stack price chart

Over the past 52 weeks, STX has increased its price by more than 599% and has outperformed Bitcoin and Ethereum. Due to high liquidity, investors can expect appreciation in value over the coming weeks.

Ultimately, if the stack can break the $1.5 resistance level, investors can focus on $2. Otherwise, we could see a downward trend towards the $0.8 range. Most importantly, investors should keep STX on their watchlist. Trends suggest that STX may be one of the best cryptocurrencies you can buy right now.

2. NEAR Protocol (NEAR)

NEAR ranked as one of the best-performing cryptocurrencies this quarter, with its price rising more than 100% in the past 30 days. This is not the first recent rise in NEAR prices, as the price has recorded a 300% increase since the rally began in October.

In addition to the price increase, NEAR also recorded a trading volume value of $200 million in the last 24 hours, a feat that could put further pressure on the price going forward. So NEAR bulls are still on the move and the price may maintain an upward trend.

Near protocol price chart

But will NEAR be the next explosive cryptocurrency? Recent trends signal an imminent bullish trend, showing that NEAR’s glory days are far from over. The recent surge in daily active users on the network has further boosted the confidence of holders and investors that a brighter future lies ahead for the token.

Additionally, with a sentiment rating of 70 and bullish moving averages for short and long signals, traders can expect to see NEAR price rising for the remainder of the quarter and even into the first quarter of next year. There is speculation that holders could expect the price to rise to $5 before the end of the next quarter.

This is a historical record with 13.19 million transactions and 350,000 NEAR tokens burned in the last 24 hours.
That’s cool! 📸
Inscription is a new mechanism for creating digital assets on the blockchain, launched on the Bitcoin network via the Ordinals protocol.
Learn more about the first… https://t.co/u1KyhLLFVP pic.twitter.com/BGK7ZEfF1C
— NEAR Protocol (@NEARProtocol) December 1, 2023

Nonetheless, NEAR may face obstacles in its efforts to reach new record highs. Its performance is still below the general trend of major cryptocurrencies, including Bitcoin and Ethereum. Therefore, as investor confidence weakens over time, long-term upward trends may not be realized.

3. Bitcoin Minetrix (BTCMTX)

As follows Bitcoin Minetrix The community continues its march to disrupt Bitcoin mining, but the door remains open to investors willing to join the project. BTCMTX continues to be sold at a discounted price of $0.0125.

At the time of reporting, Bitcoin Minetrix More than $6 million was raised for the goal. What’s more interesting is that interested investors still have a chance to purchase before the token price rises a few cents in the future.

Investors who buy three days from now may have to pay a much higher price to participate, according to the pre-sale page. And when it comes to token economics, the team puts community first. A significant portion of the supply will be available for pre-sale and another significant portion will be reserved for marketing, community rewards programs, and stakes.

Even just for one day #Bitcoin Metrics Step 16 is over! ⏱️
What are some common misconceptions? #Bitcoin Have you ever experienced mining? 🤔 pic.twitter.com/7dzGrEFVxW
— Bitcoin Minetrix (@bitcoinminetrix) December 31, 2023

There is huge potential BTCMTX This is especially true in the future as the cryptocurrency industry heads toward halving. Investors should keep a close eye on whether the token could become the next penny cryptocurrency to explode. More details can be found on our pre-sale page.

Visit Bitcoin Minetrix Presale

4. TorChain (RUNE)

RUNE is gaining popularity with impressive performance this quarter. However, with the recent sideways trading, many investors are wondering if RUNE is still a safe investment. Over the past 52 weeks, RUNE has increased its value by more than 300%, making it one of the biggest gainers on the market. Will RUNE be the next explosive cryptocurrency? RUNE was recently rejected from the $7.12 range, sending the price down to $5.2.

THORChain price chart

However, a downtrend presents an opportunity to take advantage of cheaper prices for assets. With an altcoin rally expected next year, RUNE is in the right position to become one of the tokens to watch.

Nonetheless, can the bulls maintain RUNE’s upward trend in the coming quarters? Or the rest of the quarter and most of next year? The cryptocurrency community’s expectations for the coming year are high, which is reflected in the current trends of several top cryptocurrencies.

100,000 unique swappers in November pic.twitter.com/MDIxXUpjhD
— THORChain (@THORChain) December 2, 2023

Therefore, RUNE is ready to maintain its profits. In general, RUNE performance YtD outperforms Bitcoin, Ethereum and over 94% of cryptocurrencies on the market. There has also been a significant increase in transactions across the network, with over 100,000 swaps occurring in November alone.

Traders and investors should closely watch the trends of RUNE as it is poised to begin an explosive price rise, both technically and fundamentally.