The following cryptocurrencies will explode on Thursday January 11th – Telos, DAO Maker, Shiba Inu

adminJanuary 12, 2024

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Investors are constantly looking for the next cryptocurrency to explode. The dynamic nature of the cryptocurrency market has created an environment where certain digital assets can experience explosive growth. This growth is attracting the attention of traders and investors. In this article, we will look at tokens that have the potential for big returns. Additionally, we will examine the factors driving the rise of certain cryptocurrencies that could lead to significant breakthroughs.

Next Cryptocurrency to Explode

Several spot Bitcoin exchange-traded funds (ETFs) have been listed, and Grayscale made headlines by converting its $27 billion Bitcoin Trust into an ETF. Along with Grayscale, other notable products on the market include BlackRock’s iShares Bitcoin Trust.

There have been significant gains since pre-market trading began for these ETFs, suggesting positive sentiment towards the newly regulated investment vehicles. These developments are expected to attract significant investment, signaling the start of a new bullish trend for Bitcoin.

1. Telos (TLOS)

Telos has been on the rise with an increase of over 33.60% over the past seven days. This positive momentum is accompanied by an increase in volume of $3.17 million, putting pressure on the current price and suggesting the potential for further growth.

Telos’ recent performance shows a commendable price increase of 122% over the past year, placing it above 67% of the top 100 tokens on the market. Currently in circulation is 270.12 million TLOS out of the maximum supply of 420 million TLOS.

TLOS price chart

Over the past 30 days, Telos has experienced 16 positive trading days, accounting for 53% of the observation period. Additionally, the project boasts high liquidity as reflected in its market capitalization. Telos price forecast sentiment is leaning towards bullish, with the extreme greed reading of 76 on the Fear and Greed Index.

Additionally, Telos is trading above its 200-day simple moving average, indicating a favorable market position. However, despite the positive indicators, investors should note that Telos is currently down -83% from its all-time high.

Collectively, these indicators suggest a positive market outlook for Telos. Investors should add Telos to their watchlist as the next cryptocurrency to explode.

2. DAOMaker (DAO)

DAO token experienced an intraday uptrend with its price rising 1.88% along with a 39.84% decrease in trading volume. Despite these recent fluctuations, the token has been showing a consistent positive trend over the past 30 days.

Additionally, the token has recorded 15 green days over the past month, providing it in a bullish trend 50% of the time. This suggests that there is some degree of market stability. Additionally, the project shows high liquidity, evidenced by its market capitalization.

DAO price chart

In the context of the broader timeline, the token has shown a significant price increase of 48% over the past year. While this performance reflects a commendable growth trajectory, it is important to note that the token is currently trading at a price that is 86% down from its all-time high.

The token’s 14-day relative strength index (RSI) is 51.76, suggesting a neutral stance and a potential sideways trading pattern. At the same time, the Fear and Greed Index is at 76, indicating extreme greed sentiment in the market. DAO has outperformed 61% of the top 100 crypto assets compared to other cryptocurrencies over the past year.

3. Shiba Inu (SHIB)

The price of the Shiba Inu has increased by 6.84%, in line with recent developments announced by the lead developer of the Shiba Inu project at X. The developer has revealed plans to introduce a specialized top-level domain (TLD) for the Shiba Inu (SHIB) ecosystem. In collaboration with internet domain player D3, the project aims to promote the use of domain names with the .shib extension.

SHIB price chart

This initiative aims to enable Shiba Inu token users to utilize their .shib domain across a variety of online platforms, including websites, blogs, and stores. The potential impact on the circulating supply of INJ is also highlighted with anticipated results.

Is this enough to make Shiba Inu the next cryptocurrency? The current sentiment on Shiba Inu price prediction is described as neutral. However, SHIB’s Fear and Greed Index is 76 (extreme greed), reflecting the market’s cautious optimism.

🔥 Is it getting hotter here? Oh wait, we’re the only ones burning. $ceiling In just one month, we burned nearly 200 ETH worth of value.
TX details are in the first comment below. pic.twitter.com/YVEzb7SEPJ
— Shib (@Shibtoken) January 9, 2024

Several indicators provide a comprehensive overview of your Shiba Inu’s performance. The token boasts 17 (57%) green days out of the last 30 days and is famous for trading above its 200-day simple moving average. High liquidity, determined by market capitalization, is emphasized.

According to comparative performance metrics, Shiba Inu has outperformed 73% of the top 100 cryptocurrency assets over the past year. Shiba Inu ranked 5th in the Ethereum (ERC20) Tokens category and 2nd in the Meme Coins category.

4. Meme Combat (MK)

Meme Kombat, which serves as a platform for predictive betting on outcomes involving various meme coins, has surged in popularity. Currently in the next phase, $MK tokens have generated $6,636,219.27 out of a total of $8,000,000.00 sold at $0.279 per token.

Meme Kombat has recently gained attention for its unique game features. Moreover, major investors invested a significant amount of $83,000, increasing interest in the project.

The introduction of the live betting system allows stakers to bet and earn Annual Percentage Yield (APY). The staking mechanism is innovatively designed to minimize user fees by leveraging both on-chain and off-chain transactions. Users can choose between staking or distributing tokens for battle within the integrated gaming system.

MK is similar to $PEPE in that it operates on the Ethereum blockchain. Having successfully raised over $5 million in its initial coin offering (ICO) and achieved its 50% target, the company is offering interested investors the opportunity to stake $MK and earn a competitive APY of 184%.

$6.6 million passed🌙$MK We’re moving fast and working hard to create engaging gaming experiences👾 pic.twitter.com/JQh2OBWoRU
— Meme Kombat (@Meme_Kombat) January 11, 2024

With 76% of the total coin supply already sold and staked, Meme Kombat expects there will be less selling pressure on exchanges compared to newly listed tokens. Token supply is limited to 120,000,000, with 50% allocated to the ICO. The remainder is distributed for staking, battle rewards, community incentives, and decentralized exchange liquidity. This allocation strategy aims to foster a sustainable ecosystem for Meme Kombat.

Visit Meme Kombat Presale.