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Although cryptocurrency prices have been falling for a while, the overall feeling in the market remains positive. Recently, Bitcoin (BTC) has risen to $60,000, and Ethereum (ETH) is striving to stabilize above $2,400, providing some relief to investors.
However, identifying the next cryptocurrencies to explode is challenging as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify coins with some potential and inform investors and traders about each token.
Next Cryptocurrency To Explode
Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Memebet Token. This new Telegram-based betting platform allows users to bet using meme coins for the first time, generating excitement among crypto enthusiasts. The details of its presale and the performance of the top-performing cryptos today are shared below.
1. Nervos Network (CKB)
Nervos Network’s native token, CKB, recently gained traction after being listed on Upbit, a leading South Korean crypto exchange. This listing triggered a 21.77% price increase within 24 hours, significantly boosting its market cap and trading volume.
Trading for CKB on Upbit begins on September 13. Users can buy the token in U.S. dollars, South Korean won, or Tether (USDT). This broader accessibility is expected to increase demand.
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Currently, CKB is trading at $0.0168. Its trading volume surged by 36.60% to $569.966 million, and its market cap is $755.612 million, ranking it 78th on CoinMarketCap. Market sentiment for CKB is bullish. The Fear & Greed Index shows a neutral 50, while the token’s RSI is overbought at 89.84, signaling strong buying pressure. CKB broke a resistance level at $0.01284 and is now in a retest phase, maintaining a price of around $0.01379.
CKB’s price has surged by 516.35% in the past year, outperforming 89% of the top 100 cryptocurrencies. However, breaking its all-time high of $0.043906 may require sustained interest and further network developments.
2. Sui (SUI)
Sui (SUI) has gained attention as a strong player in the crypto world. Experts predict that SUI holders could see significant profits soon. Sui blends Web3 technology with a user-friendly Web2 interface, making it accessible to a wide audience. It uses the Move algorithm, which enables easy and efficient creation of smart contracts.
The design and smooth integration of Sui have contributed to its positive outlook. Experts believe Sui could see a major price surge in Q4 2024. The $SUI token already had a good month, nearing $1 at one point and now trading at $1.09.
The entire Sui ecosystem is buzzing with activity. During Korean Blockchain Week, the SuiPlay0x1 preorder list launched, and over 1,500 devices were sold in just 36 hours, setting a record for Web3 device presales. The SuiPlay handheld, set to launch in 2025, is expected to revolutionize blockchain gaming.
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— Sui (@SuiNetwork) September 14, 2024
September, dubbed “Suitember,” is packed with potential airdrops. DeepBook and SuiNS are expected to release their tokens soon, allowing users to convert soul-bound NFTs into tokens. Suilend and other projects might also announce airdrops this month.
There are also rumors that a native version of $USDC will be launched on Sui, eliminating the need for bridging. This move would be a major step for Sui and could draw even more attention in the coming months. Investors and developers should keep a close eye on Sui as it continues to evolve in 2024.
3. Memebet Token (Memebet)
Memebet Casino ($MEMEBET) is making waves with its innovative Telegram-based betting platform, raising over $225,000 in its early stages. This platform stands out by allowing users to bet using meme coins for the first time, generating excitement among crypto enthusiasts. With high-stakes options, a global sportsbook featuring leagues like the EPL and NBA, and various crypto-native games, Memebet caters directly to degens. Its appeal is evident, with a recent whale purchase of $50,000 boosting confidence since its launch on Tuesday.
The $MEMEBET token ICO started at $0.025, and early investors can claim their tokens immediately. As the project enters its second round of funding, the price will rise slightly to $0.0251 within 24 hours. This gives early backers a chance to buy at a discount before demand increases with the casino’s full launch. The $MEMEBET token is key to the casino’s ecosystem, offering players a unique gaming experience.
While meme coins like Dogecoin ($DOGE), Pepe ($PEPE), Shiba Inu ($SHIB), and Floki ($FLOKI) are accepted for wagers, $MEMEBET remains the core token, enhancing the overall experience for players. Those interested in the token presale should move fast. Aside from its investment potential, contributors can also win a share of 400 million $MEMEBET tokens set aside for airdrops.
4. SuperVerse (SUPER)
The price of SuperVerse (SUPER) has surged by 19.46% in the last 24 hours, reaching $0.9361. This spike comes with a massive 160.92% increase in trading volume, pushing it to $69.37 million. The SUPER/USD trading pair is showing strong bullish momentum on the 4-hour chart, with the current price just below a recent high that may act as short-term resistance.
Both the 50-day simple moving average (SMA) at $0.6651 and the 200-day SMA at $0.6277 are trending upward, confirming the bullish outlook. The price is well above these moving averages, indicating sustained upward momentum. A key support zone around $0.60 has played an important role in the recent price rise, providing a solid base for the ongoing uptrend.
However, the Relative Strength Index (RSI) is at 74.80, signaling that the asset is in the overbought territory. This suggests strong buying pressure, which could lead to a pullback or a period of consolidation if momentum slows.
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The daily and weekly charts show a clear bullish trend, with the price breaking above important moving averages and strong MACD support. However, with the RSI overbought, a short-term correction is possible. The $0.8342 resistance and $0.60 support are key levels to watch, which will be crucial for the next phase of price action.
5. Celestia (TIA)
Celestia (TIA) is currently trading at $4.96, with a 24-hour trading volume of $501.79 million and a market cap of $1.04 billion, holding a market dominance is 0.05%. Over the last 24 hours, its price has increased by 9.61%.
Despite the volatility in the crypto market, some key figures remain optimistic about certain projects. Chris Burniske, a former Ark Invest president and now a partner at Placeholder VC, has recently reaffirmed his confidence in TIA.
According to HTX exchange data, on September 15, TIA saw a price surge of over 11%, reaching $4.94. This sudden increase drew attention from other investors, sparking interest in TIA’s potential.
Since its listing in November 2023, TIA’s price has dropped from $21 to $3.76, following trends in many cryptocurrencies. If the market continues to decline, TIA could reach new lows. The release of nearly $800 million in supply could also pressure prices, but holding the $8 level could signal a recovery.
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— Celestia (@CelestiaOrg) September 13, 2024
While short-sellers may bet on a price drop, Burniske believes TIA’s growth potential makes such a decline unlikely. Instead, Celestia’s ecosystem could offer a long-term investment opportunity, moving beyond short-term profit strategies.
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