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Earning significant ROI in a bull market could mean paying attention to the meme coins and Altcoins with explosive potential. However, identifying the next cryptocurrencies to explode might take some work 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 the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future.
Next Cryptocurrency To Explode
Experts suggest investors are more likely to discover the next booming crypto among upcoming projects. With this in mind, they should consider the potential of the new presale coin, Flockerz (FLOCK). FLOCK is a new meme coin that offers a unique vote-to-earn reward system, fosters strong community connections, and provides attractive staking benefits. The Flockerz team has already raised $700,000. Further details about the project and its future outlook are shared below.
1. FTX Token (FTT)
FTX Token (FTT) has been on an impressive upward trend over the past month, driven by growing optimism about the reimbursement plan for clients and creditors. The rally comes as FTX Trading Ltd and its related debtors move closer to implementing their Chapter 11 Plan of Reorganization, officially confirmed by the U.S. Bankruptcy Court on October 1, 2023.
Following the collapse of the FTX exchange, the FTT token faced a severe price drop. However, it has now shown signs of recovery, with the price rising 9.05% in the last 24 hours and an impressive 48.05% increase over the past month.
Additionally, FTX has announced that preparations for the reimbursement process are in their final stages. According to the latest update, the process will begin in January 2025. FTX finalized specialized distribution agents to handle global payouts to eligible customers and creditors in early December. Customers must sign up through the FTX portal, complete identity verification, and submit tax forms to participate.
The FTX Debtors today announced that the effective date for its Plan of Reorganization has been set for January 3, 2025, which is also the initial distribution record date for holders of allowed claims in the Plan’s Convenience Classes. Read more here: https://t.co/7Hggm5cTlS
— FTX (@FTX_Official) December 16, 2024
From a technical analysis perspective, FTT’s chart shows encouraging signs of a potential breakout. The 50-day Moving Average has crossed above the 200-day Moving Average, forming a “Golden Cross.” This bullish signal suggests that if FTT breaks through the $3 resistance level, it could see further upward momentum.
Adding to this optimism, FTT’s market capitalization and 24-hour trading volume have surged significantly. Market cap increased by 11.11%, reaching $982.72 million, while trading volume spiked by a remarkable 431.82%, hitting $156.18 million.
2. Reserve Rights (RSR)
Reserve Rights (RSR) has recently shown impressive bullish momentum after breaking through a key resistance level against USDT. The price surpassed the $0.0092 resistance zone, which had previously acted as a rigid barrier. Following this breakout, the token retested this level as a new support zone, suggesting a strong foundation for continued upward movement.
RSR’s price action on the weekly timeframe (via Binance) shows clear signals of a potential long-term rally driven by both technical indicators and broader market factors. Two weeks ago, RSR experienced a remarkable 88% surge, reaching a multi-year high of $0.017. This sudden increase was fueled by speculation that Paul Atkins, a former SEC commissioner, might be named the next U.S. Securities and Exchange Commission (SEC) chair. Reports suggest Donald Trump may soon announce this, with Atkins currently seen as the leading candidate.
Technical factors have also played a significant role in RSR’s recent success. The token broke a long-term resistance trend line, and analysts predict the next target could be around $0.044. Adding to the confidence, the Reserve protocol’s Total Value Locked (TVL) has reached a record $333 million, reflecting strong trust from investors.
Despite these gains, RSR is still 88% below its all-time high of $0.11, recorded in April 2021. However, long-term performance has been awe-inspiring: RSR is trading 82.20% above its 200-day SMA and has recorded a 428% increase over the past year. This growth has allowed it to outperform 85% of the top 100 cryptocurrencies. Since breaking the $0.0092 resistance in September 2023, RSR has maintained a consistent upward trend.
3. Flockerz (FLOCK)
Flockerz ($FLOCK) is creating a buzz in the crypto community. It raised over $7 million in its presale and is attracting attention for its profit potential and unique features. With less than three days until a potential price increase, the project has become a hot topic among investors. Moreover, it is just $239,720.59 away from reaching its next milestone, adding to the growing excitement.
Firstly, Flockerz’s focus on community engagement through its innovative Vote-to-Earn system makes it stand out. This feature allows users to earn $FLOCK tokens by voting on crucial project decisions, such as token burns or marketing strategies. The more votes cast, the more rewards users receive, fostering a sense of ownership and active participation.
Furthermore, the project offers a staking program with an annual percentage yield (APY) of over 400%. However, the rate will gradually decrease as more investors join the staking pool.
Security and transparency are also key priorities for Flockerz. Its smart contract has been audited by Coinsult and SolidProof, ensuring credibility and trust. Analysts are optimistic about the project, with predictions of 3x to 10x gains for $FLOCK. A similar meme coin, Pepe Unchained, achieved 3x returns during its presale and performed well after launch. This suggests Flockerz could follow a similar trajectory, making it an appealing choice for early investors.
The flock isn't messing around! Our Vote to Earn system is serious business! 🐦👋 pic.twitter.com/mrWNyKrPy7
— Flockerz (@FlockerzToken) December 16, 2024
Currently priced at $0.0064523 per token, $FLOCK is available at an attractive rate during the presale. However, the price will rise in less than three days as the presale progresses to the next stage. Early investors are encouraged to act quickly to take advantage of the current rate.
4. UNUS SED LEO (LEO)
UNUS SED LEO (LEO) stands out as the utility token of the iFinex ecosystem, offering exclusive perks to Bitfinex users. Its dual-chain structure, with 64% of operations on Ethereum and 36% on EOS, enhances flexibility and security, making it appealing to a wide range of users.
LEO holders enjoy significant benefits on the Bitfinex exchange. These include lower trading fees, which scale based on the amount of LEO owned, reduced funding costs, and additional rewards through the Bitfinex referral program. These features make LEO especially valuable for active traders seeking to maximize their savings and rewards.
At the time of writing, LEO is trading at $9.57, reflecting a modest 1.58% increase over the past week and an impressive 27.44% rise over the past month. However, liquidity is challenging, with a low volume-to-market cap ratio of 0.0023 and a significant 24-hour trading volume drop of 65.65% to $436.61K. Despite this, market sentiment is positive, with a Fear & Greed Index score of 87 (Extreme Greed), signalling growing investor confidence in the token.
Moreover, LEO’s recent performance is noteworthy. It achieved 14 green days in the past month and is trading 56.34% above its 200-day simple moving average of $3.85. Over the past year, LEO’s value has surged by 154.41%, outperforming 41% of the top 100 cryptocurrencies.
5. Mantle (MNT)
Mantle Token (MNT) has been gaining momentum, recording a 3.77% increase in the past 24 hours to reach $1.08. This growth reflects the broader positive sentiment in the cryptocurrency market. With a market cap of $4.15 billion, Mantle Network now ranks 36th globally, according to CoinMarketCap.
Moreover, trading activity around MNT has surged significantly, with its volume rising by 11.51% in just one day to $133.99 million. During this time, the token’s price ranged between $1.19 and $1.26, showcasing strong interest from the market. Analysts credit this growth to the increasing number of daily active users and new addresses interacting with the token.
Mantle drives its ecosystem through the MNT token. This token supports governance, pays for gas fees, and allows for staking. Built on Optimistic Rollup (ORU) technology, Mantle Network provides scalable solutions while maintaining compatibility with the Ethereum Virtual Machine (EVM).
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📍 Mantle Discord: https://t.co/eU5o6LrmTm pic.twitter.com/ouUQSsMqNL— Mantle (@0xMantle) December 16, 2024
The network’s foundation on Ethereum offers developers a secure and scalable platform, particularly appealing to GameFi projects. Mantle has become a favourite among decentralized application (dApp) developers, even establishing its own Web3 gaming team to capitalize on this growing interest.
Mantle aims to revolutionize blockchain gaming with its zkEVM technology. This innovation promises faster transactions, enhanced scalability, and full Ethereum compatibility, making it an efficient and affordable platform for developers and gamers.
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