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The overall feeling in the market is beginning to look positive. Recently, Bitcoin (BTC) finally rose above its all-time high of $73K, fluctuating between $74K and $75K. Meanwhile, Ethereum (ETH) is striving to stay above $2,600 once more as investors still anticipate the next bull run.
Determining the next cryptocurrency to explode might be challenging as most funds are attracted to pumping assets. However, this article will explore the performance of cryptocurrencies with much growth potential, especially during the Uptober bull run. 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. The Root Network (ROOT)
The Root Network is a new Layer 1 blockchain built as the core of the open metaverse, where everything can connect seamlessly. It is purpose-built for the open metaverse, featuring protocols that focus on user experience and digital content, allowing assets to move smoothly across different platforms within the metaverse.
This network is designed to improve experiences for new Web3 users and provide better interoperability for developers building content-focused applications. With a suite of core tools, developers can easily create applications without writing their smart contracts. The Root Network also offers a unique rewards system, where fees collected from network activities are pooled and distributed to participants who validate and support the network.
ROOT’s price is currently $0.02011, marking a 26.34% increase in the past 24 hours. Its market cap has also risen by 26.34%, reaching $29.10 million, while the 24-hour trading volume has surged by 31.49%, hitting $4.24 million. Although the current market sentiment for EOS is neutral, the Fear & Greed Index is at 69 (Greed), suggesting growing optimism and increased token transactions. This points to a potential uptrend for ROOT.
With solid fundamentals backing it, ROOT has the potential to rise significantly in the future. If the project secures partnerships with other networks, the price could reach over $1.52 by 2025. If the crypto market remains bullish, we can expect the average price of ROOT to stay around $0.19 in 2024. However, if the market declines, the price may drop to as low as $0.0099.
2. Apu Apustaja (APU)
Apu, also known as Peepo or Helper, is a younger and friendlier variant of the popular meme character Pepe. Unlike many low-effort meme coins often linked to deceptive developers, Apu aims to change the scene with $APU, a coin that’s launched and fully transparent, made just for “frens.”
The price of Apu Apustaja jumped by 35.55% in the last 24 hours, reaching $0.0009388 as of 1 p.m. UST. This rise comes with a trading volume increase of 34.55%, totaling $11.34 million. While $APU takes inspiration from the Pepe meme, it stands out with its sad expression and childlike design. Yesterday’s announcement on X hinted that July 25 was a special day for the $APU community, likely contributing to the recent price surge.
Apu Apustaja experienced a significant price surge in the last 24 hours, rising from $0.0006923 to reach a resistance level of $0.00094. However, it now has hit a barrier that may limit further upward movement for the time being. A minor price correction is underway, leaving traders curious about the next steps.
Congratulations Donald J. Trump fren $APU pic.twitter.com/bMK0vpNgW6
— Apu Apustaja (@ApusCoin) November 6, 2024
Though these signals are somewhat mixed, many are turning to technical indicators for insights. For instance, while the Bollinger Bands recently narrowed, the price still moved up. Now, as APU’s price begins to dip, the bands are widening again, a generally bullish sign.
Even though some believe Apu Apustaja may be near its peak, there still appears to be room for growth. As the top meme coin gainer in the last 24 hours, it has drawn attention from traders, but some are hesitant to buy in at this stage. Still, several technical indicators suggest that the potential for growth remains.
3. Memebet Token (MEMEBET)
The Memebet Token ($MEMEBET) presale recently concluded, raising an impressive $550,000. This project stands out as the first to blend meme coins with Web3 gaming, using them as currency for bets in a Telegram-based casino. It has quickly gained popularity, allowing dedicated fans to see returns on their meme coin investments.
Excitingly, social media rumors about the casino’s launch this week were accurate. Just over a month since the presale began, this launch offers early participants a preview of exclusive perks for $MEMEBET holders.
Rewards are also increasing, with chances to win $1,000 in tokens and other valuable prizes. Though the presale is now closed to newcomers, stakeholders and investors are encouraged to follow the project’s social channels for updates on the next steps.
With Memebet’s Telegram casino presale now complete, early $MEMEBET token holders can look forward to special perks once the platform launches. For presale investors, especially those wary of high-risk trading, investing in a token that combines meme coins with Web3 gaming is an exciting opportunity.
This unique blend of two booming sectors offers strong growth potential. You can still purchase MEMEBET tokens directly on their website. Just connect your wallet and exchange ETH, BNB, or POLY for $MEMEBET tokens. For added convenience, a bank card payment option is also available.
Visit the Memebet Token Website
4. First Neiro on Ethereum (NEIRO)
NEIRO is a community-driven token recently launched on the Ethereum blockchain. It’s named after the new dog adopted by the previous owner of Kabosu, the Shiba Inu behind the iconic Doge meme. Like Dogecoin, NEIRO embraces a lighthearted and inclusive vibe that has already drawn a global following.
Building on the success of popular meme tokens like Dogecoin and Shiba Inu, NEIRO has a sentimental backstory that gives it extra appeal. This connection to the Doge family makes NEIRO an exciting option for those looking for the next standout meme token. In a market where community projects are gaining momentum, NEIRO’s story is likely to attract many fans.
NEIRO on Ethereum has shown impressive growth over the past year, with its price soaring over 42,000% and a monthly gain of 20.85%. Additionally, the daily and weekly charts reveal solid increases of 37.07% and 8.39%, respectively.
NEIRO trades between $0.001318 and $0.001834, with a critical resistance level at $0.0022215. If it surpasses this point, the next target would be $0.0037733. The nearest support level sits at $0.0009178. Interestingly, the 10-day Simple Moving Average (SMA) of $0.0018717 is slightly below the 100-day SMA of $0.001953, hinting at a possible short-term downtrend.
The technical indicators present a mixed view. The RSI is at 35.95, nearing oversold territory, which could signal a potential rebound. The Stochastic indicator stands at 46.50, showing a neutral outlook, while the MACD at -0.00002 points to bearish momentum. NEIRO might either move upward toward resistance or continue to test its support levels soon.
5. Dogecoin (DOGE)
Dogecoin’s fundamentals look solid, with strong support from large transactions and consistent gains. Over the past week, DOGE has risen by 18.13%, breaking through key technical resistance levels, including a breakout in the Relative Strength Index (RSI). Currently, DOGE trades at $0.1993, marking a 17.37% increase in the last 24 hours.
In the past 40 hours, Dogecoin (DOGE) has experienced a significant surge in on-chain activity, suggesting bullish sentiment among major market players. According to IntoTheBlock’s Whale Netflow metric, the volume of DOGE moving into large holders’ wallets has jumped from 45.3 million to 431.3 million DOGE, an impressive 957% increase.
This shift shows that big investors—those holding more than 0.1% of the DOGE supply—are accumulating the popular meme coin. This pattern is typically a positive indicator of DOGE’s price outlook.
Another positive sign for Dogecoin is the recent addition of 620.84 million DOGE to major holders’ wallets. Although some Dogecoin also moved out—from 56.85 million to 189.54 million DOGE—net accumulation remains positive, indicating that large investors are still actively buying.
In addition, Robinhood Crypto has expanded its services by allowing Dogecoin (DOGE) transfers. This update enables users to deposit and withdraw DOGE, along with a 1% deposit bonus available until November 30. The response has been very positive, with a clear increase in DOGE transactions on the platform following this announcement.
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