5 Next Cryptocurrency To Explode In 2023

Savvy investors anticipate a boom in the altcoin market and taking positions in upcoming tokens like the Crypto All-Stars. The project aims to revolutionize the meme coin space with its groundbreaking MemeVault Ecosystem. This post covers the details of its presale.

The altcoin market is showing strength as many altcoins are recording gains and the market seems bullish, leaving investors and analysts optimistic. During this consolidation phase, investors need to be alert, as it could be a chance to catch a ride on a rising trend.

Even before the market takes off entirely, prices of various altcoins are already showing positive movements. Today’s article will identify the next cryptocurrencies to explode and inform investors and traders about each token.

Next Cryptocurrency To Explode

Savvy investors are anticipating a boom in the altcoin market and taking positions in upcoming tokens like the Crypto All-Stars. The project aims to revolutionize the meme coin space with its groundbreaking MemeVault Ecosystem. This post covers the details of its presale.

1. Siacoin (SC)

Recently, Siacoin (SC) has gained 12.56%, reaching $0.006409 and delivering solid short-term results. As the native token of Sia, a decentralized cloud storage platform, SC offers users an affordable and secure alternative to services like Amazon and Google.

SC’s unique model allows users to lease unused storage space at lower costs. Its security relies on a proof-of-work consensus algorithm, where miners compete to add blocks to the blockchain. Files are encrypted, split into 30 segments, and stored across multiple hosts, enhancing redundancy and safety. Smart contracts further ensure trustless and secure user agreements.

In the short term, Siacoin shows strong liquidity with a market cap-to-volume ratio of 0.4573, reflecting its active market presence. The 14-day RSI of 43.26 suggests neutral conditions, signaling the potential for sideways trading. Moreover, Siacoin has achieved positive trading days 50% of the time over the past month. Its low 30-day volatility of 7% indicates price stability, making it a reliable choice for cautious investors.

Long-term prospects remain promising. Although SC is trading 16.07% below its 200-day simple moving average (SMA) of $0.007676, it has grown by 28% in the past year, outperforming 41% of the top 100 cryptocurrencies by market cap. The sentiment around SC is currently bullish, supported by the Fear & Greed Index at 90 (Extreme Greed), which reflects strong optimism about its future growth.

2. Starknet (STRK)

Starknet (STRK) has experienced consistent growth, climbing 14.73% over the past month to reach $0.4807. In the last 24 hours, it gained another 3.11%, highlighting its strong upward trend. The RSI and Stochastic indicators, at 44.57 and 46.16, show balanced trading activity, suggesting that Starknet is neither overbought nor oversold.

A significant milestone this month was Starknet breaking the transactions-per-second (TPS) record among Ethereum layer-2 networks. It achieved an impressive 127.5 TPS in a single day, surpassing Coinbase’s Base, which previously held the record at 79.92 TPS. This achievement came during a gaming simulation designed to test its scalability under high demand, reinforcing Starknet’s potential for handling large transaction volumes efficiently.

To keep up with demand, Starknet introduced version 0.13.3, which reduces blob gas prices by 5x. This update is already live on the Testnet and will soon roll out on Ethereum’s Mainnet. These changes are expected to improve users’ accessibility and efficiency.

Moreover, StarkWare CEO Eli Ben Sasson recently revealed exciting updates during DevCon 2024 in Bangkok. He projected that Starknet’s transaction speeds will increase fourfold while fees drop by 5x over the next three months. Sasson attributed these improvements to advancements in Cairo, Starknet’s native smart contract language, enabling faster execution and better compilation. These enhancements aim to make Starknet competitive with Solana.

3. Crypto All-Stars (STARS)

Crypto All-Stars ($STARS) is making waves in the meme coin world, raising over $4 million in one of this fall’s largest ICOs. This innovative multi-chain staking ecosystem combines the power of its MemeVault protocol and the $STARS token, offering meme coin holders a chance to earn passive income by staking their tokens.

Currently, the platform supports staking for around a dozen popular meme coins, with plans to expand its roster soon. This comes at a perfect time, as meme coins are experiencing a significant surge. For instance, Dogecoin ($DOGE) rose 20% last week, while Pepe ($PEPE) skyrocketed by

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