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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
It’s that time in the market when investors and traders take a position to either edge their gains or capitalize on emerging trends. Experts believe investors have a better chance of finding the next cryptos to explode among upcoming crypto projects. With that in mind, investors should explore the potential of Best Wallet’s $BEST Token. Users can stake their BEST tokens and earn a massive 409% annual return, a standout feature in crypto. Updates on the project and its prospects are shared below.
1. Wormhole (W)
Wormhole (W) has gained significant attention for its innovative approach to blockchain connectivity. By enabling seamless communication and interaction between blockchains, Wormhole eliminates traditional barriers, making it easier for developers and users to harness the unique strengths of various ecosystems. This fosters more decentralized collaboration and unlocks new possibilities in the blockchain space.
What truly sets Wormhole apart is its transformative potential in how blockchains interact. This groundbreaking capability has captured the interest of industry experts. With a dedicated team driving its progress, many believe Wormhole’s value could continue to climb, marking it as a project to watch closely.
Recently, Wormhole (W) has shown impressive market performance. Its price surged by over 15% in the past 24 hours, reaching $0.3134. Over the past week, it recorded a 25% gain; in the last month, it saw a 12.66% increase. This rally has sparked enthusiasm among investors, with many considering this an excellent time to buy.
The NTT framework has achieved the highest security standards through Wormhole’s battle-tested infrastructure, with a total value of $26.8 billion secured by NTT to date.
NTT is used by some of web3’s most systemically important assets, like @SkyEcosystem’s $USDS and… pic.twitter.com/B3s3nvNVwA
— Wormhole (@wormhole) December 24, 2024
If Wormhole maintains its upward momentum, it could challenge the current trend line. A successful breakout might push the price to $0.3760 and even further to $0.4168, offering more growth potential.
Wormhole (W) is a promising project with a unique vision for blockchain connectivity. Its recent price gains and strong fundamentals make it an exciting opportunity for investors seeking long-term growth.
2. Thena (THE)
Thena (THE) has caught the attention of investors with its remarkable performance. The token surged by 19.99% in the last 24 hours and climbed 32.67% over the past month, reflecting strong market interest. A significant boost came when Binance announced the listing of THE token, increasing its liquidity and visibility. Since then, trading volumes have soared by 496.42% in just one day, highlighting the token’s growing appeal.
Built on the BNB Chain, Thena has established a unique position in DeFi with its innovative V3,3 liquidity management model. Recent milestones, such as receiving a BNB Chain grant and an airdrop of 21.75 million THE tokens, have fueled its rapid growth, making it a standout project in the crypto space.
At its current price of $1.49, THE is trading an astonishing 798.37% above its 200-day simple moving average (SMA), demonstrating high investor confidence. However, caution is advised as its RSI stands at 80.70, indicating overbought conditions. Additionally, the token’s 30-day volatility of 31% suggests potential price fluctuations soon. Despite these challenges, THE’s long-term performance remains promising, with gains of 560.36% over the past year, outperforming most top crypto assets.
📚 A new awesome chapter in @ThenaFi_ story is about to written.
🌌 Something incredible from another universe waiting for you.
🔮 V3,3 era is coming, buckle up. pic.twitter.com/82zOlrko2M
— 𝐒𝐚𝐦 (💜,🏛️) (@samcosm0) December 24, 2024
Thena has also benefited from its partnership with Orbs, which provided advanced Layer-3 trading solutions like dTWAP, dLIMIT, Liquidity Hub, and Perpetual Hub. These tools have enhanced Thena’s trading efficiency, liquidity management, and perpetual trading features. Moreover, Orbs’ strategic investment of $600,000 in late 2023 has supported Thena’s roadmap and infrastructure, solidifying its position as a rising star in the DeFi space.
3. Best Wallet Token
If you’re looking for a well-rounded cryptocurrency platform to buy, sell, trade, swap, and store digital assets, Best Wallet (BEST) might be a great option. Competing directly with popular wallets like Trust Wallet and MetaMask, Best Wallet is quickly gaining recognition, and its robust features could make it a leading choice for crypto enthusiasts.
One of its standout features is the “Upcoming Tokens” section, which highlights promising new cryptocurrency presales. This feature allows users to explore whitepapers, invest in tokens early, and stay updated on developments. It has already earned a reputation for identifying great opportunities and adding significant user value.
Additionally, Best Wallet offers impressive staking options. Users can stake their BEST tokens and earn a massive 409% annual return, a standout feature in crypto. With over 100,000 monthly users and a strong focus on security, Best Wallet is building its credibility and expanding its reach.
The $BEST token presale has already raised over $5.8 million, reflecting the growing demand for the platform. Experts compare this opportunity to investing in MetaMask’s native cryptocurrency during its early days, suggesting substantial growth potential for early adopters.
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— Best Wallet (@BestWalletHQ) December 26, 2024
Holders of $BEST tokens enjoy exclusive benefits, such as purchasing “Upcoming Tokens” at Stage 0 presale prices, reduced transaction fees, and higher staking rewards. Additionally, they will receive 8% cashback on every transaction made with the upcoming Best Card, which is set to launch soon.
Currently, $BEST tokens are available for just $0.023375, making it an attractive entry point for investors. With the next price increase expected in less than two days, now is a great time to secure your position in this promising project.
Visit the Best Wallet Token Website
4. Dydx (Native) (DYDX)
dYdX is a standout decentralized exchange built on Ethereum, offering various services, including borrowing, lending, spot trading, and margin trading. It allows users to trade directly without intermediaries. It even lets crypto enthusiasts speculate on future cryptocurrency prices, making it a versatile platform.
dYdX uses an innovative approach to liquidity and security. The platform uses liquidity and safety pools, which enhance market liquidity and provide robust protection for token staking. Another key feature is its Layer-2 scaling solution, powered by zkSTARKS technology. This advanced tech enables off-chain transaction validation while keeping the platform decentralized, ensuring speed and trustworthiness.
At a current price of $1.55, dYdX has gained 5.32% in the last 24 hours, with a market capitalization of $1.1 billion. Over the past week, it has climbed by 10.39%, and its trading volume has increased by 2.46%, indicating growing investor interest. The token trades 798.37% above its 200-day SMA, with 12 green days out of the last 30. Low volatility and strong liquidity, supported by a volume-to-market cap ratio of 798.37, make dYdX a stable yet promising token.
Earlier this year, dYdX expanded its staking options through a partnership with Stride, introducing liquid staking within the Cosmos ecosystem. The platform plans to collaborate with other providers like Persistence and Quicksilver, tapping into the rising trend of liquid staking. This move offers users more opportunities to earn yields and strengthens dYdX’s position in the growing DeFi market.
5. GMT (GMT)
The price of GMT has shown remarkable growth, soaring by 27% in the last 24 hours to trade at $0.2041. Accompanied by a substantial 24-hour trading volume of $1.23 billion, the token now boasts a market capitalization of $535.17 million and a market dominance of 0.03%.
The rally began yesterday when GMT’s price jumped from $0.1338 and tested a resistance level at $0.16. This resistance held firm for about 12 hours, but the token broke through late last night at 10:30 p.m. EST, climbing to $0.18. Since then, the price has continued to rise, overcoming resistance levels and reaching its current price of $0.2041 as of noon EST.
Interestingly, GMT started its surge ahead of the broader crypto market recovery, initially trading independently of market trends. However, its recent growth aligns with the bullish sentiment sweeping through the market. The Fear & Greed Index, currently at 74 (Greed), reflects positive market sentiment. GMT is ranked #45 among Ethereum (ERC-20) tokens and operates with a circulating supply of 1.10 billion GMT out of a maximum supply of 6.00 billion GMT.
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❄️ Soulbound Snow King NFTs⚠️ Prizes will be distributed soon, and the raffle for special sneakers will take place on… pic.twitter.com/hVyG4MaMe6
— FSL Ecosystem (@fslweb3) December 25, 2024
Despite its recent growth, GMT has faced challenges over the past year, experiencing a 39.21% price decline. However, the token remains above its 200-day simple moving average (SMA), a sign of its resilience. Over the last month, GMT has recorded 17 green days, representing a 57% positive trading trend.
GMT’s ability to overcome resistance levels and align with bullish market sentiment suggests the potential for continued upward movement, making it an intriguing option for investors.
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