The next cryptocurrency will explode on December 22 – DeXe, UXLINK, Livepeer, IDEX

The cryptocurrency market is experiencing changes and developments that shape investment choices every day. Since last month, the cryptocurrency market has been on an uptrend, although several tokens have experienced price fluctuations.

The crypto market is seeing a notable increase in trading signals, leading investors to religiously search for the next promising token. However, spotting the next cryptocurrency to explode amid this abundance requires a thorough understanding of market dynamics. Today’s article identifies coins with some potential and educates investors and traders about each token.

The next cryptocurrency will 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 give traders exclusive market insights and advice. The token has taken the crypto scene by storm, raising over $20 million during its presale in just 12 days.

1. DeXe (DEXE)

DeXe is the native token of the DeXe network. This decentralized social trading platform aims to make investing in cryptocurrencies easier and more accessible. The platform allows traders to create and share portfolios, allowing less experienced investors to follow and replicate the strategies of top performers. The 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 leading blockchain ecosystems. Although DeXe is currently a mid-tier project in terms of market capitalization, its continued improvements and growing adoption point to a bright future.

🔥 DeXe Staking: a new chapter for DAOs 🔥

The DAO landscape is vast, but staking tools remain underutilized. DeXe is changing this by introducing a DAO-friendly Staking mechanism – designed to attract new users, reward active contributors and build community loyalty… pic.twitter.com/QnS7q24ESv

– DeXe Protocol (@DexeNetwork) December 20, 2024

Currently, DEXE is priced at $10.60 and has seen a remarkable price increase of 186% over the past year. It outperformed 82% of major crypto assets, reflecting its growing popularity. Additionally, DeXe recorded 18 green days in the last 30 days and traded above its 200-day simple moving average, signaling strong performance. With a market cap of $608.15 million, DeXe still has significant room for growth, especially as the social commerce sector gains momentum in the crypto world.

2. UXLINK (UXLINK)

The broader crypto market has seen a slowdown over the past few days and UXLINK has faced similar challenges. However, the altcoin has shown resilience, rising almost 80% in the past week. While the daily chart shows an 11% decline, the weekly and monthly performance remains strong, with gains of 142.87% over the past month.

Trader enthusiasm for UXLINK cooled slightly as its 24-hour trading volume fell 11.32% to $1.99 billion. Despite this, open interest in UXLINK futures increased to over $50 million, reflecting continued interest. Additionally, derivatives trading volumes exceeded $895 million, highlighting growing activity in the spot and futures markets. Since its launch in July, UXLINK’s market capitalization has soared to $233.4 million, a remarkable growth of 150% in just one month.

Looking ahead, UXLINK has exciting plans to expand its ecosystem. In October, the platform announced plans to integrate additional blockchains and social applications into its UXUY system. This upgrade will include support for popular platforms such as Kakao Talk and Line and blockchains such as Kaia, Mantle and Solana.

– 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 Pépé (WEPE)

Wall Street Pepe (WEPE) has been making waves in the crypto world by taking 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 pre-sale of the project has already raised the impressive sum of $34.3 million, highlighting the enthusiasm it has generated. Investors are watching closely as a price rally is expected in just 20 hours, providing a great opportunity to buy into the currently lower rate.

The bears fear me, the bulls follow me. 🐸 ⚔️ pic.twitter.com/AiZWgIYCw7

– Pépé de Wall Street (@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 notable feature of this project is its flexible staking platform, which offers early investors the opportunity to earn passive income. This staking system, integrated into tokenomics, rewards participants even before the conclusion of the presale.

The community 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 link 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 given the anticipated price increase.

Visit Wall Street Presale Now

4. Livepeer (LPT)

Livepeer (LPT), the first decentralized and open source video streaming platform, is gaining ground as the best performing altcoin in a bear market. Launched in 2017, Livepeer offers a revolutionary solution for broadcasters, combining cost-effectiveness and innovative technology.

After hitting an all-time low of $0.42 in March 2020, Livepeer surged to an all-time high of $100.24 during the 2021 bull run. Recently, it has shown impressive growth, climbing 4 .69% in the last 24 hours and 39.45% in the last month. The token is currently trading at $14.72, with a market cap of $540.61 million. Additionally, its trading volume jumped 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 allows content creators to seamlessly upload, reformat, and distribute videos. By reducing costs and improving efficiency, Livepeer has become a popular choice for those in the broadcast industry.

To add 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 adoption of the platform and likely contributing to the token’s recent price surge.

Livepeer also uses a modified Delegated Proof of Stake (DPoS) consensus mechanism that is both eco-friendly and scalable. This approach ensures better security and usability compared to traditional proof-of-work systems. Additionally, Livepeer’s integration with Ethereum’s vast DApp ecosystem strengthens its position as a leader in decentralized video streaming.

5. IDEX (IDEX)

IDEX (IDEX) has been making waves in the crypto market recently, hitting 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 increase in trading activity, with 24-hour trading volume increasing by over 4,420% to $318 million.

This increase also coincided with the total value locked (TVL) on the IDEX network reaching an all-time high of $70 million, with most of this activity centered on its Ethereum (ETH) version, followed by the IDEX chain and Polygon .

Since this high, IDEX price has adjusted to $0.06078, but the token continues to show upside potential. In the last day alone, it increased by more than 13%, with the daily trading volume increasing by 1,541.22% to $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 past month. However, IDEX 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 decentralized hybrid liquidity 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 transparent, secure and fast trading experience by integrating an off-chain trading engine with on-chain trade settlement.

Learn more

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