Social Mining Protocol XEN Crypto Looks Set to Explode: Here’s Why
XEN crypto is steady after the 90% plunge from March highs. If bulls flow back with the X1 blockchain launch then XEN price could rally hard – here’s why.
Investors are on high alert, keeping a close eye on blue chip coins like Solana and Cardano and potent meme coins.
They won’t want to miss another “GOAT” ride.
While prices could rip higher in the current state of uncertainty, smart traders are following XEN, the token behind the XEN protocol—a social mining protocol—and STARS, the top altcoin behind the Crypto All-Stars platform.
The STARS presale is ongoing, drawing whales. On the other hand, XEN appears to be bottoming up, at least from a technical perspective.
Will XEN Crypto Rally After -90% Crash?
Confidence in the XEN crypto comes at an interesting time. The token has been cratering for the better part of the last seven months.
After peaking in March, XEN fell hard, losing -90%. Considering the state of the candlestick arrangement and general crypto sentiment, it will take a miracle for XEN price to rally from spot rates.
Admittedly, XEN holders are bullish, with over 80% expecting a refreshing recovery. For this to print out, the coin must break above local resistance at around $0.000000108.
( XENUSDT )
If not, any breakout below $0.000000069 will cause holders more pain. Hopes of a pullback are anchored on fundamental factors. Trading volume shows a pick-up in engagement.
At the same time, the consolidation from August and the arrest of the price slump gave holders hope that the sell-off is over—or coming to an end.
If the founder, Jack Levin, launches the X1 blockchain within the next two months, it could spur growth and lift sentiment.
X1 is an upcoming Layer 1 chain and a fork of Solana. It’s a general-purpose network powered by the hybrid PoW/PoS consensus based on the Argon2ID hashing algorithm, which confers quantum resistance and energy efficiency compared to other PoW chains.
Crypto All Stars and STARS: Over $2.7 Million Raised
Although XEN crypto is making headlines, Crypto All-Stars is hogging all the attention.
In the ongoing presale, Crypto All-Stars has raised over $2.7 million.
STARS, the native token, is selling for just $0.0015248, but that price will increase in the next two days, so hurry up and buy now.
Crypto All-Stars’ focus on meme coins and adding utility to some of the sphere’s top tokens, such as Dogecoin and Shiba Inu, is why interest is rising steadily.
The platform uses the ERC-1155 token standard to support multi-token and multi-chain assets.
Based on this, its developers plan to launch MemeVault, a staking platform where anyone can lock up any of the supported meme coins and earn rewards.
The beauty of MemeVault, especially in bull runs, is that anyone who stakes not only receives massive gains but also earns extra STARS rewards, increasing their earnings.
Even if token prices slump in downtrends, STARS rewards will make up for the difference.
What’s more? STARS can be staked for even more rewards. Presently, the yield is at a market-beating 564%.
Accordingly, analysts expect STARS to rally hard once the MemeVault launches. This solution will be a powerful portfolio booster and stabilizer for participants.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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