The recent performance of the market indicates that there is a high level of buying pressure. Most traders are actively adding coins to their portfolios, showing a general feeling of an upcoming bull run. This move has sparked interest in some small coins, and investors are looking for the next cryptocurrency that may break out.
The surge in interest in these altcoins hints at a potential shift in market dynamics. In light of this, we have compiled a list of such tokens, providing investors with all the necessary metrics to make better investment decisions.
The next cryptocurrency to explode
Aptos is working with various crypto analytics providers to improve on-chain data capabilities for users and developers. Meanwhile, Pendle stands out by enabling the tokenization and trading of future earnings.
In addition, the proposed merger of the Klaytn network with Finschia has attracted attention as it aims to introduce a new blockchain that supports the EVM and the CosmWasm framework. Meanwhile, eTukTuk’s recent use of electric vehicles and blockchain technology to improve transportation in developing countries represents a comprehensive approach.
1. Aptos (APT)
Aptos actively works with multiple crypto data analytics providers to enrich on-chain data capabilities and accessibility for users and developers. This approach aims to make decentralized data more user-friendly in a variety of applications. Notable partners include industry-leading data and analytics providers such as Dune, Nanssen, Space x Time, Token Terminal, DappRadar, The Tie, Flipside Crypto, and Elliptic.
These collaborations provide comprehensive data integration services within the Aptos ecosystem, enabling these platforms to engage with a broad non-EVM community eager to leverage data to gain enhanced trust and community engagement.
Currently priced at $9.10 and with a 24-hour trading volume of $102.261 million, Aptos has experienced a drop of 7.28% in the past 24 hours. It has a market cap of $3.089 billion and 339,580,849 million tokens in circulation.
Aptos unlocked a large amount of tokens in January, totaling 24.84 million APT tokens, accounting for 8.08% of the circulating supply. Another 24.84 million tokens will be unlocked in February, sparking concerns and interest about its potential impact on the crypto market.
The forecast shows that Aptos is expected to reach a maximum price of $10.284 and a minimum price of $7.346 in February 2024. Volatility is expected to increase throughout the year, with the forecast predicting a maximum price of $14.585 and a minimum price of $12.154 by December 2024. This trajectory highlights the significant growth that Aptos could experience as the next cryptocurrency.
2. Pendle (PENDLE)
Pendle is a prominent protocol for supporting the tokenization and trading of future earnings. It introduces an automated market maker (AMM) that supports time-decayed assets, providing users with enhanced control and a variety of opportunities. As a vantage point in the decentralized finance (DeFi) space, Pendle's short-term and long-term price action is explored after reaching $1 billion in total locked value (TVL).
Pendle has partnered with Ether to launch the first Lend, Redeem, and Trade (LRT) feature on Arbitrum. Combining Pendle’s LRT system with Arbitrum’s speed and STIP’s attractive ARB rewards, users can now access eETH on Pendle through Arbitrum.
Additionally, data from DeFiLlama shows that Pendle's TVL has grown significantly to $1.012 billion, marking a significant increase from previous achievements. Since surpassing the $100 million TVL mark in mid-June 2023, Pendle has expanded rapidly, attracting investors seeking lucrative opportunities in DeFi. This milestone highlights Pendle's unique advantages and commitment to reshaping finance by facilitating liquidity and maximizing returns.
Furthermore, despite the recent bearish trend, Pendle’s price has slightly increased to $2.87 despite the recent 20% drop from $3.32. Its continued growth and product diversification highlight its continued role in democratizing financial opportunities and innovating the DeFi ecosystem. However, this will make the token the next cryptocurrency that could break out.
3. Klaytn (KLAY)
The Klaytn network has attracted attention due to a proposed merger with Finschia, aiming to introduce a new blockchain that supports the EVM and CosmWasm framework. This collaboration has had a positive impact on KLAY's price action, with a recent increase of 10%, prompting experts to recommend that users consider increasing their holdings. Notably, the blockchain achieved a major milestone when CREDER, a member of the Klaytn governance committee, launched a stablecoin pegged to gold.
The partnership vision of the Klaytn network, which is expected to create Asia's largest Web3 ecosystem in the future, has caused a surge in trading volume of 1064.64% in 24 hours. Along with this, the market value has increased by 17%, and investors have shown great interest in Klaytn and accumulated a large amount of KLAY tokens.
Despite the recent bearish trend, Klaytn is currently trading at $0.19. Analysts are optimistic about Klaytn’s future, noting that its price has grown by 36.47% in the past 90 days, with a trading volume of over $11 million. Likewise, the coin has gained more than 7% in the past week, indicating a possible upswing driven by continued bullish momentum.
4. eTukTuk (TUK)
eTukTuk is an innovative electric vehicle (EV) project focused on solving challenges facing developing countries. Unlike many other EV initiatives, eTukTuk prioritizes practical solutions, especially its eTukTuk EV model, which aims to increase driver income and minimize environmental harm. Its dedication is highlighted by its partnership with the Sri Lankan government, which aims to build more than 200 charging stations and reform EV operations.
Notably, eTukTuk’s ambitions go beyond environmental considerations, actively working to make a positive impact in disadvantaged communities facing financial disparities. Through major milestones and partnerships, eTukTuk has established itself as a catalyst for change in sustainable urban transportation.
Additionally, eTukTuk recently demonstrated a holistic approach to improving transportation in developing countries through electric vehicles and blockchain technology. The initiative addresses environmental issues, uplifts marginalized communities, and confronts financial disparities head-on.
Meanwhile, the ongoing TUK token presale was a notable success, raising over $965,696 at $0.026. Investors were attracted by the attractive 229% annualized yield for Stakers and the project’s mission to permanently reduce carbon emissions. Interested parties can participate in the presale to take advantage of its considerable growth potential before listing on official exchanges.
Furthermore, on February 12, Bitcoin (BTC) surpassed the $50,000 milestone, reaching its highest point since December 2021. This price surge saw Bitcoin peak at $50,188 in trading, a gain of 4% in just one day.
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