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The overall feeling in the market is surprisingly negative, and cryptocurrency prices have been fluctuating for a while, including Bitcoin (BTC). BTC has surpassed its all-time high of 93,215 today, as it went up to $98,453.70. Meanwhile, Ethereum (ETH) is currently striving to stabilize above $3,300.
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 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 Pepe Unchained, a new Pepe-themed meme coin launched on its Ethereum Layer 2 blockchain. Within minutes, it attracted over $150,000 in investments. The details of its presale and the performance of the top-performing cryptos today are shared below.
1. Mantle (MNT)
Mantle Token (MNT) has risen 10.42% in the past 24 hours, reaching $0.8437. This surge aligns with the broader positive sentiment in the cryptocurrency market. According to CoinMarketCap, Mantle Network has a market cap of $2.84 billion, securing the 41st spot in global rankings.
Trading activity around MNT has also picked up significantly. The token’s trading volume jumped by 28.47% in the past day, hitting $158.78 million. During this period, MNT’s price fluctuated between $0.7641 and $0.8534. Analysts attribute this growth to increasing daily active users and new addresses engaging in MNT transactions.
Mantle, formerly known as BitDAO, is an investment DAO connected to Bybit. The MNT token powers governance, facilitates gas fees, and supports staking on the network. Built using Optimistic Rollup (ORU) technology, Mantle Network scales Ethereum while remaining fully compatible with the Ethereum Virtual Machine (EVM).
The network’s foundation on Ethereum ensures a secure and scalable platform for developers, particularly those in the GameFi sector. Mantle’s appeal has grown among decentralized application (dApp) creators, leading to establishing an in-house Web3 gaming team.
Data-driven traders, take note!
🚀 Collaborating with @flipsidecrypto means unlocking on-chain insights that fuel innovation and growth. Empowering Mantle Ecosystem one query at a time 💡💻https://t.co/gSenMWCFoW
— Mantle (@0xMantle) November 22, 2024
Mantle is focused on revolutionizing blockchain gaming with its upcoming zkEVM technology. This innovation aims to enhance gaming performance by speeding up transactions and improving scalability while maintaining compatibility with Ethereum. By offering a more efficient and affordable platform, Mantle is positioning itself as a key player in the future of blockchain gaming, attracting developers and gamers alike.
2. TROY (TROY)
Troy Trade is a versatile platform designed for institutional and individual crypto traders. It combines various services, such as spot and margin trading, derivatives, and financial products, into one account. This integration simplifies the trading experience by providing aggregated liquidity from multiple crypto exchanges. Moreover, its user-friendly interface supports smart order routing, flexible account management, and automated risk control, making trading strategies more efficient and effective.
Beyond trading, Troy Trade places a lot of focus on data analytics to guide decision-making. The platform uses a data matrix framework that combines blockchain, trading, market, social, and media data. These insights are enhanced through artificial intelligence and quantitative models, offering users actionable strategies.
As of the time of writing, the TROY token is priced at $0.006714, marking a 14.14% increase in the last 24 hours. Its market cap has risen to $57.91 million, with a 24-hour trading volume up by 39.13% to $297.64 million. The token trades 158.11% above its 200-day SMA of $0.002591, showcasing strong liquidity and market performance.
The sentiment for TROY remains bullish, supported by a Fear & Greed Index score of 94 (Extreme Greed). This reflects growing optimism and increased token activity, signaling the potential for an uptrend in the near future.
3. Pepe Unchained (PEPU)
As PEPE’s price action wavers on the 4-hour chart, a new challenger, Pepe Unchained (PEPU), is creating a buzz in the crypto world. With its presale going viral, PEPU is already turning heads, fueled by speculation of potential listings on major exchanges like Coinbase or Binance when it launches in just over 21 days.
Pepe Unchained aims to revolutionize the meme coin space by moving away from the slower, more expensive Layer 1 Ethereum network. Instead, it introduces a faster and more affordable alternative with its lightning-quick Layer 2 blockchain. This new infrastructure promises a Pepe token that is 100 times faster and significantly cheaper to transact with, offering the community a token that better reflects their loyalty and enthusiasm.
But Pepe Unchained isn’t stopping at just speed and cost efficiency. The project is also laying the groundwork for the next wave of Web3 innovation. Through its developer grant initiative, the team offers financial support to creators building the next generation of decentralized applications on its blockchain, fostering growth and utility within the network.
🐸INCREDIBLE!🐸$PEPU just crossed a massive milestone! 40M!!🎉💚
It was only 2 days ago we celebrated 35M and there's no sign of slowing down! 💚🐸
Don't miss out on your chance to get in by grabbing your chunk of the presale here: https://t.co/onpYoXlnyG pic.twitter.com/E2kr5sKxYf
— Pepe Unchained (@pepe_unchained) November 20, 2024
The presale for PEPU has been nothing short of explosive, raising over $40 million so far. This remarkable success reflects strong investor confidence, which grew stronger after the team hinted at upcoming listings on tier-1 exchanges. The possibility of a Binance or Coinbase listing has sparked even more excitement, with many comparing it to PEPE’s recent surge following its Coinbase debut.
A listing on a major platform could send PEPU’s price soaring, offering early investors a significant opportunity. Those interested can still join the presale through the buy widget on the official website.
Visit the Pepe Unchained Website Now
4. The Root Network (ROOT)
The Root Network is an innovative Layer 1 blockchain that supports the open metaverse. It creates a seamless connection between platforms, enabling smooth digital asset movement across various metaverse ecosystems. This focus on interoperability and user experience makes it a key player in advancing metaverse technology.
Currently, ROOT is priced at $0.02795, marking an impressive 18.97% gain in the last 24 hours. Its market cap has also surged by 118%, reaching $40.43 million. The market sentiment for ROOT remains highly optimistic, with a Fear & Greed Index score of 94 (Extreme Greed). This indicates increasing transaction activity and strong investor confidence, which may signal a potential uptrend.
The Root Network aims to simplify Web3 experiences, making them accessible for newcomers and more efficient for developers. Its suite of tools allows developers to build content-rich applications without needing to code smart contracts, lowering the barrier to entry. Additionally, the network incentivizes participation through its rewards system, where fees from network activities are distributed among validators and supporters.
Staking Reward Update 🌌
Our team is still processing the Staking rewards and will need to shift distribution to next week. We know how important this is and appreciate your patience. Automated distribution is a top priority, and we’re committed to evolving the system for future… https://t.co/mn6BD7N7yv
— The Root Network (@TheRootNetwork) November 21, 2024
ROOT’s strong fundamentals suggest promising growth potential. If the network secures strategic partnerships, its price could surpass $0.52 by 2025. In a bullish market, ROOT’s average price is projected to reach $0.19 by year-end. However, if market conditions worsen, the cost could drop to as low as $0.0099.
5. Cortex (CTXC)
Cortex (CTXC), the native cryptocurrency of the AI-focused Cortex blockchain, has seen a sharp 24% rise in a single day amidst highly volatile trading. Since 10 November, CTXC has experienced increased price swings, accompanied by significantly higher trading volumes.
The excitement around CTXC began on 10 November, following a key technical breakout. This breakout marked the end of a downtrend suppressing its price since June. Currently trading at around $0.4724, CTXC boasts gains of over 130% from its July lows of $0.1222. This breakout also pushed CTXC above all its major moving averages, signaling strong bullish momentum.
Cortex stands out as a blockchain tailored for artificial intelligence. Its unique design allows developers to integrate AI algorithms directly into smart contracts, allowing anyone to add AI functionality to their blockchain applications. The platform also fosters collaboration through an incentive system that rewards contributors for submitting and optimizing AI models. According to its whitepaper, Cortex aims to pave the way for “artificial general intelligence” (AGI) to emerge on its network.
Some of CTXC’s recent success may be due to the global surge in interest in AI technology, fueled by the release of OpenAI’s ChatGPT. This advanced AI chatbot has captivated audiences worldwide with its versatility and depth of knowledge, highlighting the potential of AI-driven technologies like Cortex.
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