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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. Lido DAO (LDO)
Lido DAO (LDO) has shown impressive progress, with its price rising 32.13% in the past 24 hours to $1.58. This increase reflects growing investor confidence, supported by strong liquidity, as highlighted by its volume-to-market cap ratio of 0.6737.
Lido DAO is a decentralized autonomous organization (DAO) offering staking infrastructure for multiple blockchains. Its most notable feature is its liquid staking solution for Ethereum, which allows users to stake ETH and receive stETH tokens. These tokens represent staked ETH and rewards, providing users with the flexibility and liquidity that traditional staking lacks.
Security remains a
CSM Reward Update:
The first CSM rewards distribution, originally scheduled for November 22, has not occurred due to an issue in the off-chain Oracle code.
– No funds are at risk, and rewards calculations remain accurate.
– A fix is undergoing testing.
– Rewards distribution…— Lido (@LidoFinance) November 22, 2024
From a technical perspective, LDO is trading 8.38% above its 200-day simple moving average (SMA), indicating a slight bullish trend. Over the past year, LDO’s price has dropped by 27.65%, but its low 30-day volatility of 12% suggests a period of stability. This price dip could be a potential entry point for new investors looking to benefit from future growth.
LDO’s performance appears neutral in the short term, with a 14-day Relative Strength Index (RSI) of 59.86, indicating sideways movement for now. While it is outperforming only 3% of the top 100 crypto assets, Lido DAO remains promising, especially for investors focusing on staking opportunities and the long-term potential of liquid staking solutions.
2. UNUS SED LEO (LEO)
UNUS SED LEO (LEO) is a utility token for the iFinex ecosystem, primarily benefiting users of the Bitfinex exchange. Its unique dual-chain structure—operating 64% on Ethereum and 36% on EOS—enhances flexibility and security, making it an attractive option for diverse users.
LEO holders enjoy exclusive benefits on Bitfinex, such as lower trading fees that scale with the amount of LEO they own. Additionally, they receive reduced funding costs and rewards through the Bitfinex referral program, making it a valuable asset for active traders.
At the time of writing, LEO traded at $8.09, marking a 3.05% increase over the past week. Despite its strong price performance, liquidity remains limited, with a volume-to-market cap ratio of 0.0023 and a 24-hour trading volume decline of over 50% to $939.17K. However, market sentiment is bullish, reflected by a Fear & Greed Index score of 79 (Extreme Greed), pointing to growing investor confidence.
One standout feature of LEO is its buyback and burn mechanism. iFinex uses 27% of its revenue to repurchase LEO tokens, reducing supply and driving value over time. This strategy places LEO in direct competition with exchange tokens like Binance Coin (BNB), OKB, and Cronos (CRO).
LEO’s recent performance is impressive, with 15 green days in the last month. It is trading 56.94% above its 200-day simple moving average of $3.85, showcasing consistent growth. Over the past year, LEO’s value has surged by 52%, outperforming 41% of the top 100 cryptocurrencies.
3. Pepe Unchained (PEPU)
Pepe Unchained (PEPU) is gaining massive attention as a promising meme coin. Its presale has already amassed $53 million and has only 17 days before closing. Investors, especially whales, eagerly accumulate PEPU tokens, driving buzz around the project. An analyst from the 99Bitcoins YouTube channel, which has over 706K subscribers, predicts that PEPU could deliver an incredible 100X surge upon launch.
Designed to upgrade the original Pepe coin, PEPU introduces its own Layer 2 blockchain to overcome Ethereum’s limitations. This innovative approach ensures faster transaction speeds and significantly lower fees, making it a practical and efficient alternative. As the name suggests, Pepe Unchained aims to “unchain” the coin from Ethereum’s slower and more costly network.
The excitement continued as the Pepe Unchained Layer 2 completed all audit checks ahead of schedule. This milestone sets the stage for a smooth launch after the presale ends. Moreover, PEPU offers staking options with an impressive 64% APY, allowing investors to maximize their returns.
Lieutenant Pepe is here to save the day!
This giga soldier is getting the job done! 🐸🧠🔥 pic.twitter.com/WwZDlXS84n
— Pepe Unchained (@pepe_unchained) November 25, 2024
There is growing speculation about where PEPU will be listed, with major platforms like Coinbase and Binance being potential options. Such high-profile listings could further elevate its status as one of the most successful presales ever.
Currently, PEPU tokens are priced at $0.01295 each. Investors can buy them directly through the official project website using ETH, USDT, or a bank card. With its innovative features, strong presale performance, and bold community vision, Pepe Unchained is shaping to be a standout contender in the meme coin space.
4. Echelon Prime (PRIME)
Echelon Prime, the gaming ecosystem behind the Sci-Fi card game Parallel, is gaining attention with its PRIME token. Over the past week, PRIME surged 9.30%, reaching $9.52. Its liquidity has also improved, with a market cap-to-volume ratio of 0.0794, indicating steady growth. The 14-day RSI sits at 65.68, suggesting the token is in neutral territory and could remain stable for now.
In the long term, PRIME has shown impressive momentum. It is trading 131.01% above its 200-day simple moving average of $4.13. Over the past year, the token has increased by 15.52%, although it still underperforms compared to 80% of the top 100 cryptocurrencies.
On 1 October, Echelon Prime unlocked 752,000 PRIME tokens, valued at approximately $7.71 million. This represents 1.57% of its fully diluted market cap of $1.13 billion and 0.68% of the total supply. To date, 37.4% of all tokens have been unlocked.
More recently, on 16 November, an additional $6.4 million worth of PRIME tokens were unlocked, representing 1.5% of the total supply. Despite a minor dip of 0.91% in the past 24 hours, the token is now trading above $9.50, following a rally from $7.50 on 5 November.
These scheduled unlocks establish a notable impact on market activity, increasing both buying and selling pressure.
5. Fasttoken (FTN)
Fasttoken (FTN) has shown impressive growth, climbing by 17.80% in the past month to a new price of $3.14. This comes despite slight bearish trends on its daily and weekly charts. This recent surge highlights its role within the Bahamut blockchain, an EVM-based layer-1 network using an innovative Proof of Stake and Activity (PoSA) system.
As the backbone of Bahamut, FTN is indispensable for staking, paying gas fees, and enabling cross-chain transactions. Furthermore, its versatility within the SoftConstruct ecosystem strengthens its position in the blockchain space.
Bahamut’s PoSA system makes FTN stand out. It rewards validators based on their stake size and the activity of smart contracts. This means higher engagement with a contract results in better rewards for validators. This system boosts network activity and strengthens security by encouraging developers to create high-quality, widely used contracts. In turn, this strategy supports long-term growth for the platform.
📣New Listing!$FTN is now available for swapping with a wide-range of cryptocurrencies on @Changelly_team Exchange⚡️
Explore here 👉 https://t.co/ccrSD5ih0R #ftn #fasttoken #listing pic.twitter.com/fW1OWQdr6k
— Fasttoken (@fasttoken_com) November 22, 2024
Fasttoken is advancing blockchain technology by prioritizing security, efficiency, and scalability. It achieves this through its hybrid consensus model, combining Proof-of-Stake (PoS) and Proof-of-Activity (PoA). This approach enhances performance and addresses common blockchain challenges.
Additionally, FTN’s long-term potential looks strong. Its 159% price increase over the past year reflects solid investor confidence. With a market cap-to-volume ratio of approximately 6.97, it offers high liquidity, supporting stable trading. However, its 14-day RSI suggests the token is overbought, signaling a possible price cooldown. Even so, FTN has outperformed 66% of the top crypto assets.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
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