The cryptocurrency market experiences changes and developments that shape investment choices every day. Since last month, the cryptocurrency market has been on a bullish run, even as several tokens experienced price fluctuations.
The crypto market is observing a noteworthy increase in trading signals, leading investors to religiously search for the next promising token. However, spotting the next cryptocurrency to explode amidst this abundance requires a thorough understanding of the market dynamics. Today’s article identifies coins with some potential and informs investors and traders about each token.
Next Cryptocurrency To Explode
Today’s review highlights promising cryptocurrencies that investors should keep an eye on. Among these is a new project called Wall Street Pepe. Wall Street Pepe is a new variation of the beloved Pepe coin that aims to empower traders with exclusive market insights and tips. The token has taken the crypto scene by storm, raising over $20 million in its presale within just 12 days.
1. DeXe (DEXE)
DeXe is the native token of the DeXe network. This decentralized social trading platform aims to make cryptocurrency investments easier and more accessible. The platform allows traders to create and share portfolios, enabling less experienced investors to follow and replicate the strategies of top performers. Its focus on decentralized asset management and social trading allows users to engage in the crypto market without requiring advanced technical knowledge.
What sets DeXe apart in the DeFi space is its unique combination of social trading and decentralized portfolio management. This innovative approach has attracted a dedicated community and secured partnerships with major blockchain ecosystems. Although DeXe is currently a mid-tier project in terms of market cap, its continuous improvements and increasing adoption suggest a bright future ahead.
🔥 DeXe Staking: A New Chapter for DAOs 🔥
The DAO landscape is vast, but staking tools remain underutilized. DeXe is changing that by introducing a Staking mechanism tailored for DAOs — designed to attract new users, reward active contributors, and deepen community loyalty… pic.twitter.com/QnS7q24ESv
— DeXe Protocol (@DexeNetwork) December 20, 2024
As of now, DEXE is priced at $10.60 and has experienced a remarkable 186% price increase over the past year. It has outperformed 82% of top crypto assets, reflecting its growing popularity. Furthermore, DeXe has recorded 18 green days in the past 30 days and has traded above its 200-day simple moving average, signaling a strong performance. With a market cap of $608.15 million, DeXe still has significant room for growth, particularly as the social trading sector gains momentum in the crypto world.
2. UXLINK (UXLINK)
The broader crypto market has experienced a downturn over the past few days, and UXLINK has faced similar challenges. However, the altcoin has shown resilience, surging by nearly 80% in the past week. While the daily chart shows an 11% decline, the weekly and monthly performances remain strong, with gains of 142.87% over the last month.
Traders’ enthusiasm for UXLINK has cooled slightly, with its 24-hour trading volume dropping by 11.32% to $1.99 billion. Despite this, open interest in UXLINK futures contracts has increased to over $50 million, reflecting continued interest. Moreover, derivative trading volumes surpassed $895 million, highlighting growing activity in spot and futures markets. Since its launch in July, UXLINK’s market capitalization has soared to $233.4 million, a remarkable 150% growth in just one month.
Looking ahead, UXLINK has exciting plans to expand its ecosystem. In October, the platform announced its intention to integrate additional blockchains and social apps into its UXUY system. This upgrade will include support for popular platforms like Kakao Talk and Line and blockchains such as Kaia, Mantle, and Solana.
https://t.co/sVggBVUQlz
— UXLINK (@UXLINKofficial) December 22, 2024
These expansions aim to accommodate up to 100 million users without affecting the benefits enjoyed by existing UXUY token holders. Importantly, the company has reassured users that no additional $UXLINK tokens will be introduced during this process.
3. Wall Street Pepe (WEPE)
Wall Street Pepe (WEPE) has been making waves in the crypto world by drawing inspiration from the legendary Wall Street Bets community, known for its role in the famous GameStop and AMC short squeeze. Just as Wall Street Bets disrupted traditional finance, WEPE aims to bring the same energy and strategy to cryptocurrency.
The project’s presale has already raised an impressive $34.3 million, highlighting the excitement it has generated. Investors are keenly watching as a price increase is expected in just 20 hours, providing an excellent opportunity to join at the current lower rate.
Bears fear me bulls follow me. 🐸 ⚔️ pic.twitter.com/AiZWgIYCw7
— Wall Street Pepe (@WEPEToken) December 21, 2024
WEPE has made its presale accessible to a wide range of investors by accepting popular cryptocurrencies like Ethereum (ETH), Tether (USDT), and Binance Coin (BNB). A standout feature of this project is its flexible staking platform, which offers early investors the chance to earn passive income. This staking system, integrated into the tokenomics, rewards participants even before the presale concludes.
The community-driven approach is at the heart of WEPE’s potential. The token’s value is closely tied to the growing support of its community, creating a powerful connection between investor enthusiasm and market success. With substantial funds already secured, exchange listings will likely follow the token’s launch, further enhancing its visibility and trading activity.
Early participation appears to offer the best value for those considering an investment, especially with the anticipated price increase.
Visit the Wall street Presale Now
4. Livepeer (LPT)
Livepeer (LPT), the first open-source, decentralized video streaming platform, is gaining traction as a top-performing altcoin amid a bearish market. Launched in 2017, Livepeer offers a groundbreaking solution for broadcasters, combining cost-efficiency with innovative technology.
After reaching an all-time low of $0.42 in March 2020, Livepeer soared to a record high of $100.24 during the 2021 bull run. Recently, it has shown impressive growth, climbing 4.69% in the past 24 hours and 39.45% over the past month. The token currently trades at $14.72, with a market cap of $540.61 million. Moreover, its trading volume has surged by 27.75% to $210.86 million, signaling growing investor interest.
Livepeer’s decentralized model offers broadcasters an affordable and efficient alternative to centralized platforms. It enables content creators to upload, reformat, and distribute videos seamlessly. By lowering costs and enhancing efficiency, Livepeer has emerged as a popular choice for those in the broadcasting industry.
Adding to its appeal, Livepeer recently introduced $LPT staking on the SwissBorg app with a simple one-click option. This user-friendly integration makes staking more accessible, supporting the platform’s adoption and likely contributing to the token’s recent price surge.
Livepeer also utilizes a modified delegated proof-of-stake (DPoS) consensus mechanism, which is both eco-friendly and scalable. This approach ensures better security and usability compared to traditional proof-of-work systems. Furthermore, Livepeer’s integration with Ethereum’s extensive DApp ecosystem strengthens its position as a leader in decentralized video streaming.
5. IDEX (IDEX)
IDEX (IDEX) recently made waves in the crypto market, reaching its highest price since March. The token surged to $0.1150, marking a 335% increase from its lowest point this year and pushing its market cap above $70 million. This rally occurred alongside a significant boost in trading activity, with 24-hour trading volume spiking by over 4,420% to hit $318 million.
The surge also coincided with the total value locked (TVL) on IDEX’s network climbing to a record $70 million, with most of this activity centered on its Ethereum (ETH) version, followed by the IDEX Chain and Polygon.
Since that peak, IDEX’s price has adjusted to $0.06078, but the token continues to show bullish potential. In the past day alone, it has risen by over 13%, with daily trading volume growing by an impressive 1541.22% to reach $172.12 million.
IDEX remains 29.51% above its 200-day simple moving average (SMA) and has achieved a 54.58% price increase over the last month. However, IDEX has only outperformed 30% of the top 100 crypto assets compared to the broader market, leaving room for further growth in market traction.
IDEX’s position as the first hybrid liquidity decentralized exchange (DEX) sets it apart. It combines the speed and efficiency of an order book model with the liquidity of an automated market maker (AMM). IDEX offers a seamless, secure, fast trading experience by integrating an off-chain trading engine with an on-chain trade settlement.
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Discover the Next Big Crypto Surge in 2024
