Next Cryptocurrencies to Explode on Wednesday February 9th – Smog, Filecoin, THORChain

adminFebruary 10, 2024

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In today’s review, we will analyze the recent performance of key rising companies over the last 24 hours. We aim to inform investors about current valuations and assess future potential using technical and fundamental market data. Additionally, we will examine the pre-sale market to identify cryptocurrency opportunities that investors can exploit, especially as uncertainty resurfaces in the cryptocurrency market.

Next Cryptocurrency to Explode

SMOG token economics provides the Smog community with a significant airdrop opportunity on the Solana network by allocating a portion of the airdrop. Meanwhile, Filecoin is trending upward, indicating positive movement in its value.

However, the price of THORChain has shown significant volatility since the beginning of the year, showing significant changes in buying and selling pressure. At the same time, MK tokens are staked, accounting for 80% of the total available MK tokens.

1. SMOG

The SMOG token seeks to solidify its position in the cryptocurrency market with the slogan “No meme coin can survive the fire of SMOG.” As stated in the white paper, SMOG sets out ambitious goals, claiming to be “forged in Jupiter’s own celestial forge.” However, its performance ultimately depends on its ability to deliver significant returns to investors.

However, to participate in SMOG’s airdrop campaign, investors must use a Solana-compatible wallet and execute the token swap through the designated platform. Participating in community activities may increase your chances of receiving additional rewards.

smog price chart

Nonetheless, the project’s roadmap outlines ambitious goals, such as introducing a staking feature and planning for future airdrops. Additionally, our goal of attracting more than 10,000 Loyal Chosen members highlights our commitment to building a committed community.

Additionally, the coin started off with a launch price of $0.001419 and surged to the current price of $0.0504, registering an impressive gain of 141.89% in the last 24 hours. It boasts a respectable 10,255 current holders and a market capitalization of $37.3 million, backed by solid community support.

SMOG token economics designates a portion of airdrops, giving the Smog community access to significant airdrops on the Solana network. The distribution plan allocates 50% to marketing activities, 35% to airdrop rewards, 10% to CEX launches, and 5% to adding liquidity for DEX launches.

2. Filecoin (FIL)

Filecoin (FIL) is experiencing an upward trend, indicating strength in its value. The weekly performance increased from $4.86 to $5.34, exceeding the $6 threshold. It remains above the 50-day EMA and has bullishly crossed the 150-day EMA.

The token recently took to its social media channels to outline its plans for this year. Looking ahead to 2024, experts predicted a positive trajectory for the Filecoin price. Forecasts suggest that FIL could surpass $8 and reach $8.45 on the back of expected market momentum and recent partnerships. However, more conservative forecasts suggest that if market sentiment turns bearish, FIL could hover below $6.82 in 2024, positioning itself as the next cryptocurrency to explode.

FIL price chart

Additionally, the cryptocurrency landscape is poised to be shaped by several important topics in the coming year. This includes the seamless integration of Filecoin with the AI and DePIN networks, which will facilitate collaboration across various platforms. Companies like BanyanComputer, SealStorage, and Steeldome are improving their services to meet the special needs of large enterprises, which helps improve the way data is stored.

Additionally, more DeFi-related products such as decentralized exchanges (DEXs), oracles, and collateralized debt positions (CDPs) are becoming increasingly popular. However, this shows that decentralized finance is becoming more important in cryptocurrency. These changes demonstrate how cryptocurrencies are growing and changing, with a focus on creating better collaboration for businesses and including more decentralized financial options.

🌐 Looking back at 2023, #filecoin‘s journey has seen significant progress in technology and adoption. The surge in active storage transactions and the launch of the Filecoin virtual machine (#FVM) lays the foundation for growth.
Let’s take a look at the latest 2023 insights from ‘The Nation’. pic.twitter.com/HbUlDlHdVp
— Filecoin (@Filecoin) February 8, 2024

For Filecoin to gain momentum, it will need to continue its upward trajectory and attract the attention of cryptocurrency bulls. According to Filecoin price predictions, it could reach $8.45 by the end of 2024.

However, Filecoin’s decentralized network for secure file storage leverages the benefits of collaboration to enhance its capabilities. The network combines economic incentives and cryptographic proof to ensure files are stored securely over time. Last week, Filecoin’s native token, FIL, saw positive price movement, increasing 3.2% from $4.9138 to $5.0741.

3. TorChain (RUNE)

Crypto Yapper reports that RUNE breaks out of a falling wedge pattern, which usually signals a bullish breakout. The cryptocurrency broke above the pattern’s resistance at $7, leading Crypto Yapper to predict further profits based on the pattern’s measured moving target.

Launched just two years ago, THORChain (RUNE) has a simple goal: to enable decentralized assets and value exchange. THORChain, an automated market maker DEX and liquidity protocol, facilitates non-custodial asset exchanges across multiple chains. However, trading is a staple of DeFi and THORChain (RUNE) has firmly established itself as a strong player. Notable features include one-way state pegs, cross-chain asset exchanges, and state machines. With a dynamic ecosystem, THORChain (RUNE) demonstrates its economic prowess, boasting a Total Value Locked (TVL) of over $280 million and RUNE tokens worth $1.5 billion.

Nonetheless, THORChain’s price has seen significant volatility since the beginning of the year, reflecting notable changes in buying and selling pressure. Additionally, the coin has experienced a correction of more than 11% year-to-date (YTD), indicating increased investor apathy.

RUNE price chart

RUNE price is influenced by a bullish trend, indicating favorable prospects for the coin soon. However, technical indicators indicate a bullish trend for the coin in the market, with MACD consistently showing a green histogram and the average rising steadily.

Additionally, the Cross EMA 50/200 days acts as price support and indicates the potential for significant price movements.

However, if the bullish momentum continues, the price is likely to test the previous high of $5.107 in the coming days. Conversely, if the bears dominate and trigger a trend reversal, the price may lose momentum and move lower to test the support level at $4.147.

Therefore, the release of essential updates and important collaborations from the THORChain team could push the RUNE price up to $18.47, especially during the Bitcoin halving event. However, if it fails to meet expectations, it could be liquidated and its price could fall to $3.64, with an average price stabilizing around $7.23, positioning it as the next cryptocurrency to explode.

4. Meme Combat (MK)

Meme Kombat is a completely new cryptocurrency project in the meme coin space. At the intersection of memes and competitive gaming, the cryptocurrency project introduces a clear and structured tokenomics plan. The maximum supply of native $MK tokens currently available for pre-sale is 12,000,000.

Meme Kombat is a gaming platform that combines meme culture with thrilling competitive battles. Utilizing cutting-edge technology and the decentralized Ethereum network, Meme Kombat strives to provide a unique and fun gaming experience.

However, Meme Kombat will have 50% of the total token supply allocated to the $MK presale, ensuring that everyone who participates can participate in Meme Kombat. Additionally, 30% of the supply will be used for staking and battle rewards, ecosystem support, and providing balance. 10% of tokens will be paired with the liquidity pool of a decentralized exchange (DEX). Lastly, 10% of tokens will be reserved for community rewards, emphasizing participation and engagement within the community through epic battles.

Dear GM members!
Beta testing is going well and we are receiving valuable feedback from testers🤝 pic.twitter.com/HuPOKIEkQQ
— Meme Kombat (@Meme_Kombat) February 8, 2024

There are currently 35,371,187 MK tokens staked, equivalent to 80% of the total circulating MK tokens. Staking provides an Annual Percentage Yield (APY) of 111%. However, 7,826,457 MK tokens were distributed as rewards for staking. There are currently 11,551 participants in the staking program. These statistics suggest strong investor interest and active participation in the MK Token, indicating its future growth potential.

Visit Meme Kombat Presale

On today’s news, Bitcoin surged past $46,000, hitting a one-month high, driven by signs of continued investment in cryptocurrency-dedicated US funds. Additionally, interest in the halving event scheduled for April is growing.