Next Cryptocurrency to Explode, 27 November — Telcoin, Memefi, EigenLayer

The altcoin market looks promising, and many altcoins are recording gains. Furthermore, the market seems bullish, so investors and analysts are optimistic. Investors need to stay alert during this consolidation phase, as it could be a chance to catch a ride on a rising trend.

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

Next Cryptocurrency To Explode

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.

1. Telcoin (TEL)

Telcoin (TEL) is building a key position in decentralized finance by making global financial systems more accessible. Moreover, it rewards telecom companies and users offering faster and cheaper services. Using DeFi principles, Telcoin surpasses traditional banking systems, leading in user-owned financial solutions.

Recent performance has further validated Telcoin’s potential. TEL’s value surged by 33.82% in just 24 hours, reflecting growing market confidence. Additionally, it has climbed 113% over the past year and is trading well above its 200-day simple moving average (SMA). Despite a modest market dominance of 0.01% and a low volume-to-market cap ratio of 0.0022, Telcoin continues to prove its strength in decentralised finance.

Telcoin stands out by connecting decentralized finance with everyday use. With over 5 billion mobile users worldwide, it makes financial services more accessible than ever. Furthermore, through active user participation and strategic partnerships with telecom companies, Telcoin aims to revolutionize global financial inclusion. It simplifies creating and distributing user-owned financial products via telecom channels, reducing the risks tied to traditional finance.

From a market perspective, Telcoin shows promising signs. Its 14-day RSI of 54.75 suggests a neutral trading position, indicating steady performance without the risk of overbuying. Moreover, its 30-day volatility at 34% shows manageable price swings, making it an attractive choice for investors seeking moderate risk.

In addition, long-term indicators are encouraging. Trading 183.17% above its 200-day SMA, Telcoin demonstrates resilience and sustained growth. Over the past year, it has outperformed 55% of the top 100 crypto assets, solidifying its position as a strong player in the market.

2. Memefi (MEMEFI)

MemeFi, a popular Telegram-based tap-to-earn combat game, recently changed its token launch strategy. Initially, the launch was planned on Ethereum’s Linea layer-2 network. However, just weeks before the scheduled release on 12 November, the team shifted to the Sui layer-1 network. This move, in collaboration with Mysten Labs, aims to improve their launch and marketing efforts.

The token launch included an airdrop for players, which has now concluded. MemeFi successfully launched its token and listing event, allowing eligible participants to claim and trade tokens immediately on various exchanges. Moreover, this quick turnaround underscores the project’s commitment to delivering value to its community.

At the time of writing, the MEMEFI token is priced at $0.01118, reflecting a remarkable 35.20% increase in the past 24 hours. Additionally, its 24-hour trading volume surged by 136.19% to $664.34 million. This spike in trading activity highlights rising market interest and growing optimism about the token’s potential for an uptrend.

MemeFi’s future appears promising. If the project secures partnerships with other networks, the token’s price could reach as high as $0.52 by next year. Meanwhile, the MEMEFI token is expected to average $0.19 this December under a bullish market trend. However, in the event of a market downturn, prices could dip to as low as $0.00099 in 2024.

3. Crypto All-Stars (STARS)

Crypto All-Stars ($STARS) is making waves in the crypto market, raising over $6.3 million in its presale. Moreover, with just 23 days left for early investors to secure their stakes, the excitement around this meme coin project is growing. A key driver of this success is the innovative staking protocol, Meme Vault, which simplifies staking for meme coins and offers consolidated returns across multiple assets.

The timing of Meme Vault’s launch is perfect, as DeFi is regaining the spotlight. The total value locked (TVL) across all chains has hit $119 billion, a level not seen since the summer of 2021. In this context, Meme Vault stands out by bridging the innovation of 2021 with the advancements 2024, making it a highly anticipated project.

What sets Meme Vault apart is its convenience and cross-chain functionality. Rather than juggling multiple platforms, users can pool top meme coins from any blockchain into one unified protocol. This streamlined approach appeals to both novice and seasoned investors, making staking more accessible than ever.

Additionally, $STARS token holders stand to gain even more. By holding $STARS, investors can unlock up to three times the rewards. Furthermore, the dedicated staking protocol offers an impressive 326% APY, providing a unique opportunity to grow holdings ahead of Meme Vault’s official launch. This offer has led many investors to act quickly, securing $STARS tokens at the presale price of $0.0016254.

Time is running out, though. Once the presale ends, investors will need to purchase $STARS through exchanges, where the price will most likely rise significantly.

Visit the Crypto All-Stars Presale

4. EigenLayer (EIGEN)

EigenLayer’s native token, EIGEN, has seen impressive growth, surging nearly 50% in the past week. This rise followed the announcement of a new governance system, EigenGov V1, which is designed to decentralize decision-making and enhance collaboration among ecosystem participants. Moreover, this innovative framework has sparked enthusiasm among investors and strengthened confidence in the protocol.

Despite challenges, including a recent hack that resulted in a loss of over 1.6 million tokens (worth $6.8 million), EigenLayer is steadily recovering. Developers have outlined plans to release 67 million tokens (4% of the initial supply) over the next year. Furthermore, these releases are scheduled weekly, with 3% allocated to Ethereum and liquid staking token stakers and 1% reserved for EIGEN stakers and operators.

In the last 24 hours alone, EIGEN’s price has climbed 15%, reaching approximately $3.59. Its market cap has risen by 14%, now at $670.4 million. Trading volume hit $376.81 million during this period, reflecting heightened market activity and optimism around the token.

The recent rally can be attributed to the market’s excitement over EigenGov’s new features. For example, the governance system includes council-driven decision-making and token holder oversight, focusing on transparency, decentralization, and security. These elements aim to empower EIGEN holders, AVS developers, operators, and stakers, ensuring trustless coordination and long-term reliability within the network.

5. Just a chill guy (CHILL GUY)

The price of Just A Chill Guy ($CHILLGUY) soared by 25.10% in the last 24 hours, reaching $0.5894 as of 9:47 a.m. EST. Moreover, trading volume surged by 32.36%, hitting $271.31 million, signalling a growing interest in the meme coin. However, $CHILLGUY has recently faced significant volatility, repeatedly testing the $0.50 resistance level before finally breaking above it.

Over the weekend, the token experienced a sharp dip, nearly falling to $0.20. Fortunately, its popularity and bullish market helped it recover to $0.50 a few hours ago before climbing further to its current price. Interestingly, there have been no major announcements or updates from the project to explain this rally. Instead, the surge seems to stem from the coin’s inherent popularity and Bitcoin’s market dominance, which is driving broader optimism.

Earlier this month, $CHILLGUY saw an extraordinary rise, skyrocketing by over 800% from under $0.010 on 18 November to $0.22 by 19 November. Afterwards, the token corrected to $0.17 before recovering to its current levels. Interestingly, this impressive climb occurred even as the broader crypto market was trading in the red, including many of the top 10 cryptocurrencies by market cap.

In addition, the project’s Relative Strength Index (RSI) has remained between 50 and 60 over the past several hours, a clear sign of bullish sentiment. This indicates that traders are optimistic but cautious, waiting for the right moment to make significant moves.

Read More

• Next Cryptocurrency to Explode, 2024