Crypto Gloom

Next Crypto Explosion, October 14 — Reef, The Graph, Book of Meme, Pendle

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By Crypto Gloom

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The altcoin market looks promising, with many altcoins recording profits. Bitcoin (BTC) has surpassed $60,000 but is still struggling to regain its all-time high of $70,000. Investors should pay attention to this consolidation phase as it could be an opportunity to follow the upward trend.

The prices of various altcoins are already showing positive movements even before the market fully rises. That is why today’s article is dedicated to identifying: Next Cryptocurrency to Explode Inform investors and traders about each token.

Next Cryptocurrency to Explode

Savvy investors will anticipate a boom in the altcoin market and take positions in upcoming tokens such as Crypto All-Stars. The project aims to revolutionize the meme coin space through the groundbreaking MemeVault ecosystem. This post contains detailed information about presale.

1. REEF

REEF is showing signs of a potential comeback after a dramatic 98% decline. Crypto analyst Solberg Invest predicts that REEF could surge more than 500% after accumulating for over 800 days. His target for this growth is $0.38, giving him an impressive potential return of nearly 8x. REEF has recently fallen 14%, but increased trading volume suggests it is gaining interest again.

Reef Coin, the native token, plays an important role in the ecosystem. It is used to pay fees, operate validator nodes through staking, and nominate validators to the network. The project enjoys strong support from venture capital firms and major market funds, reflecting confidence in its long-term potential. Reef also supports Ethereum-based dApps, offering scalability and low transaction costs thanks to its NPoS (Normal Proof of Stake) consensus mechanism that ensures security and decentralization.

REEF price chart

Reef Blockchain’s focus on decentralized finance and digital collectibles makes it well suited for future growth. Recent data shows that REEF’s trading volume has surged 272.61% in just 24 hours, signaling a potential breakout after months of quiet accumulation.

REEF is currently trading at $0.009128, up 62.67% in the last 24 hours. Over the past year, its price has surged 623%, outperforming 90% of the top 100 cryptocurrency assets. Reef is trading 452.29% above its 200-day simple moving average (SMA) of $0.001793. There were 16 green days out of the past 30 days, showing a positive trend for more than half of the entire period. Many experts believe REEF is a hidden gem that could achieve significant growth in the crowded cryptocurrency market.

2. Graph (GRT)

Graphs are gaining popularity for providing efficient and inexpensive access to distributed data. It is known for its reliability with 99.99% uptime and 24/7 availability. The system relies on subgraphs, an API that helps organize and deliver blockchain data to developers and users. The network operates with over 100 indexer nodes, has processed 1.23 trillion queries, and supports over 70,000 projects. GRT tokens play an important role by encouraging participants to organize and contribute data effectively.

GRT price chart

Graph (GRT) has seen a significant price increase of around 9% over the last 24 hours, with a trading volume reaching $108.98 million. It is also up 4.82% over the past week and 18% over the past 30 days. The altcoin has been trading within a rising channel pattern since August, indicating a long-term bullish outlook.

The Moving Average Convergence Divergence (MACD) is showing signs of bullish convergence with the red histogram falling on the 1-day chart. This highlights the growing positive sentiment towards The Graph in the cryptocurrency market. Moreover, the simple moving average (SMA) has already completed a bullish crossover, providing strong support for the price.

If this bullish momentum continues, The Graph could test the resistance level of $0.1980. Increasing bullish sentiment may push the price towards the upper resistance level of $0.2650. However, if bearish pressure increases, GRT may retest the support trend line of the rising channel. Failure to maintain this level could cause the price to fall to a low of $0.1375 in the coming weeks.

3. Cryptocurrency All Stars (STARS)

Crypto All Star is making waves in the meme coin space by introducing the first MemeVault ecosystem. The platform allows holders of various meme coins to earn rewards through its native token, $STARS. By integrating various meme coins into one platform, Crypto All-Stars offers multi-token and multi-chain staking, making it easier for users to manage their investments.

What sets MemeVault apart is its ability to allow holders of multiple meme coins from different blockchains to stake them all in one place. This system offers more flexibility than traditional staking methods, where users are typically limited to one token on a specific blockchain.

During the pre-sale period, Crypto All-Stars raised $2.27 million, close to its $2.5 million goal. The price of the token is $0.0015007, and the price is expected to increase within two days. Early adopters have limited time to participate before the pre-sale ends.

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The project has also received attention from major platforms such as Techopedia, CoinGape, CryptoPotato, and Bitcoin.com. This collaboration is increasing the visibility of Crypto All-Stars and attracting more participants to the growing MemeVault ecosystem. It is quickly gaining recognition within the cryptocurrency community.

Visit Crypto All-Stars Pre-sale

4. BOME

The recent BOME price surge has caught the attention of many investors. We succeeded in breaking through the descending triangle pattern that had been stagnant from the beginning. It also crosses the trend reversal area between $0.0076 and $0.0080, indicating a strong rise in bullish sentiment. While the price confirms a double bottom pattern, there is likely to be some decline before the bullish trend continues.

BOME has now moved above the resistance area and shows potential for a retracement of the key range between $0.01124 and $0.01155. However, as trading volume increases, it may briefly drop to $0.0085. On-balance volume (OBV) has rebounded and is steadily rising, suggesting a possible move above previous bearish levels. As a result, the price of BOME is expected to continue rising for the remainder of 2024 and could exceed $0.15 by the end of the year.

BOME price chart

As the anticipated alternate season approaches, Book of Meme (BOME) is one project expected to benefit. Currently, BOME is trading at $0.009551, with an increase of 20.32% in the last 24 hours and 49.58% in the last 30 days. The RSI is 44, which indicates that it is undervalued and could be a good buy at the current price. When alt season begins, BOME may reach a high of $0.02.

Moreover, BOME gained more adoption with its addition to PengyOS. Although it has grown by 948.48% over the past year, it has not yet reached its all-time high. As Bitcoin ETFs continue to purchase more Bitcoin than mining supply can produce, the return potential for other altcoins, especially meme coins, looks promising. With the fourth quarter approaching, now may be a good time to get on board before the opportunity passes.

5. PENDLE

Pendle is gaining attention in decentralized finance (DeFi) by introducing a unique way to trade future yields. This feature allows users to interact with other DeFi platforms through smart contracts to enhance their returns. Pendle’s system allows trading on the future returns of various assets, creating more opportunities for profit.

pendle price chart

The project has seen significant growth recently thanks to smart contract updates and new partnerships. These developments highlight Pendle’s efforts to improve its platform and expand its reach within the DeFi ecosystem.

Pendle’s price is $4.39, up 10.20% at press time. Over the past month, its value has risen 31.26%, reflecting strong demand. This impressive growth makes it one of the best cryptocurrencies to consider investing in. The Fear and Greed Index measures market sentiment and currently stands at 48, indicating a neutral stance among traders.

According to some predictions, Pendle’s price could reach $12.73 next month. If the current momentum continues, the price could rise to $6.31, but increased selling pressure could push the price down to $3.16. Despite this potential volatility, Pendle’s overall outlook remains positive, with many expecting continued strong growth.

Learn more

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