Next Cryptocurrency to Explode, September 16 — Beam, Fantom, XinFin Network, Polygon

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Many altcoins are trying to make a comeback as they record significant gains. Meanwhile, Bitcoin (BTC) has fallen below $60,000 again as it still hopes to find support for its next big move. 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 these various assets are climbing, even before the market takes off entirely. That is why today’s article is dedicated to identifying the next cryptocurrencies to explode and inform investors and traders about each token.

Next Cryptocurrency To Explode

Smart investors are moving to capitalize on the boom in the altcoin market and taking positions in upcoming tokens like the Shiba Shootout. The project features a unique Wild West design, combining this popular period from American history with the crypto frontier. This post covers the details of its presale.

1. Beam (BEAM)

BEAM crypto may soon see a turnaround after a prolonged downturn, with green days possibly on the horizon. Many market analysts are optimistic about BEAM’s bullish potential, believing it could outperform other cryptos. Previously, the market cap took a major hit, dropping to $534 million by August 5, 2024.

However, interest in BEAM has been rising. According to CoinMarketCap, the market cap has surged nearly 5%, reaching $754.67 million, and BEAM now ranks 78th among the top 100 cryptocurrencies. There is also growing demand, as shown by an 18% rise in spot volume to $13.99 million. Despite the absence of many long-term holders, traders and cruisers remain active, with whales holding 70.25% of the circulating supply.

An all encompassing ecosystem 🌈
Beam is an ecosystem that offers you all you need in gaming.
💰 We invest in games
🕹️ We build games
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And they all add value to one another. pic.twitter.com/P7o9yRQqZf
— Merit Circle (@MeritCircle_IO) September 14, 2024

Although BEAM saw a slight 6.4% decline in the last 24 hours, trading volume spiked by over 61%, showing increased enthusiasm. Year-to-date, BEAM has risen over 185% despite a steady decline in recent months, which led to a downward channel with consistently lower lows.

In the past 16 hours, BEAM’s volume on Upbit jumped by 242.54%, reaching $122 million—far above the 50-period average of $35 million. Meanwhile, Binance saw a 39.80% drop in BEAM’s 4-hour trading volume, decreasing from $6 million to $4 million.

2. Fantom (FTM)

Fantom (FTM) shows strong upward momentum with a series of green candles. If FTM surpasses its current highs, it could climb to the $0.60–$0.65 range, marking a potential 30% increase from its current price. Last week, FTM pumped 15%, now trading around $0.50. What’s promising for FTM holders is that the token defies the broader crypto market decline, gaining 3.5% in the last 24 hours.

The FTM chart reveals a descending broadening wedge pattern, a bullish setup where the price forms lower highs and lows between two diverging trend lines. This pattern often signals volatility; when the price breaks out, it typically results in a strong upward move.

Fantom Price Chart

FTM is currently testing a key resistance zone between $0.50 and $0.56, an area it struggled to break in July. Clearing this zone is essential for a bullish breakout. Additionally, the upper trendline of the wedge acts as resistance, and FTM needs to break above it to confirm a breakout.

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— Sonic Labs (prev. Fantom) 💥 (@0xSonicLabs) September 16, 2024

If FTM breaks out of the wedge with strong volume, it could trigger a significant bullish move. Immediate resistance is $0.56, aligning with the upper trendline and horizontal resistance. If broken, FTM could target $1.00 or higher, in line with historical price levels.

3. Shiba Shootout (SHIBASHOOT)

Shiba Shootout ($SHIBASHOOT) has made a strong start, raising over $1.1 million in its presale. This Shiba Inu-themed token with a cowboy hat is ready to take on other meme coins like DogWifHat ($WIF). The token is centered around Wild West-style meme battles, where users can compete by creating the most outrageous content.

With its successful presale, Shiba Shootout is moving quickly toward full development. Soon, the $SHIBASHOOT token will offer a range of utilities, including opportunities to win crypto prizes, participate in governance, and enter lotteries.

While many dog-themed coins struggle, Shiba Shootout introduces a unique twist with “Shiba Gulch,” a digital space where users can engage in meme battles for a chance at winning $SHIBASHOOT tokens. This creative approach brings back the fun and excitement to the meme coin scene.

“Stop wasting time on other memes—$Shibashootout is the real deal! 🔥 Don’t miss out, grab it before it’s too late and get ready to experience the showdown of a lifetime! 🚀💥 #Shibashootout #Crypto #Memecoin” pic.twitter.com/jIqTIrPV9d
— shibashootout (@shibashootout) September 14, 2024

Unlike other Shiba Inu coins, $SHIBASHOOT stands out. It offers rewards for the best memes and storytelling sessions in the “Campfire Stories” area of Shiba Gulch. Additionally, it features a lottery called “Lucky Lasso Lottery,” where users can win big crypto prizes.

Investors can grab $SHIBASHOOT at a discounted price of $0.0203 per token, but the price will increase in less than seven days as the project moves into the next funding round.

Visit the SHIBASHOOT Presale

4. XinFin Network (XDC)

XDC coin saw a boost in value after announcing a partnership with DaoFin. XDC, which operates on a hybrid public and private blockchain, performed solidly last year. Experts predict that by 2025, the XDC Network’s price could reach $0.11. This partnership with DaoFin emphasizes the integration of artificial intelligence and community participation, reshaping decentralized governance on XDC Network’s DAO platform.

XDC Network Price Chart

DaoFin is an open-source smart contract framework built for DAOs on the XDC Network. It aims to make decision-making more democratic and transparent, allowing the XDC community to be involved in decisions about bounties, grants, and integrations.

XDC Network’s major milestone, XDC 2.0 Mainnet Release, a significant upgrade that will bring many improvements, is around the corner!
This upgrade introduces vital features like enhanced security, improved scalability, and faster transaction speeds, which will significantly… pic.twitter.com/bRzuBxOlPj
— XinFin (@XinFin_Official) September 10, 2024

Price forecasts for XinFin Network suggest a potential rise of over 40%, with a surge expected in the upcoming bull run this October. Technical indicators currently show a neutral sentiment, and the Fear & Greed Index stands at 39, reflecting fear. However, XinFin Network had 17 green days in the last 30 and recorded low price volatility of 1.39%.

Although the effects of Bitcoin Halving usually occur 12-18 months later, 2024 could be different due to increased institutional interest and better macroeconomic conditions. Based on past trends, the XDC Network is expected to have a minimum value of about $0.0289 in 2024.

5. Polygon (MATIC)

Polygon uses Layer 2 technology to solve Ethereum’s scalability problems. By handling transactions off-chain, Polygon lowers gas fees and speeds up processes, making it a popular choice for developers and users. Currently priced at $0.3788 after a small 0.55% drop, Polygon is expected to rise as demand for Layer 2 solutions continues to grow within Ethereum’s ecosystem.

Polygon Price Chart

In 2019, Polygon gained attention at just $0.02, which mostly sharp traders noticed. By 2021, its price soared to $1.80, marking a huge 9000% increase. This massive rise shows how Polygon has gone from a lesser-known crypto to a major player in the market.

ICYMI: this week we highlighted liquidity on Polygon PoS – and what it means for the AggLayer
1️⃣ DeFi: $1.95 billion stablecoin market cap
2️⃣ RWAs: @FTI_US, @Spiko_finance, @Hamilton_Lane, Italian banks get on the tokenization train 🚄
3️⃣ @Polymarket & @Courtyard_io bringing…
— Polygon | Aggregated (@0xPolygon) September 14, 2024

Calling the returns impressive would be an understatement for those who got in early. But was Polygon’s success just a stroke of luck? Not really. It was largely a matter of timing. At the perfect moment, Polygon tackled one of Ethereum’s biggest challenges—scalability. This solution, combined with the rising popularity of DeFi, fueled its growth.

If you missed the initial Polygon hype, don’t worry. History might be repeating itself, offering new opportunities for those looking to get involved now.

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