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The overall market sentiment is surprisingly negative, and cryptocurrency prices have fluctuated over the past few days, including Bitcoin (BTC). BTC tested an all-time high of 80K today and is currently trying to stabilize above $79K as of press time. Meanwhile, Ethereum (ETH) has finally managed to go above $3,000.
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. Cardano (ADA)
Cardano’s price is seeing a strong boost, driven by several key factors. Traders are closely watching the blockchain, noticing an increase in activity, especially among large addresses and whale transactions. Moreover, Cardano is attracting more attention from major investors, which has helped fuel the recent price rally.
In the past month, ADA has gained over 70.56%, reflecting significant growth. Cardano has always appealed to whales, and this latest increase suggests growing confidence in the project. Large investors tend to hold long-term, which indicates optimism about Cardano’s future. This surge in big transactions also signals rising demand and renewed interest in the network.
At the time of writing, ADA is trading at $0.5963, showing an impressive 37.65% increase in just 24 hours. Over the past week, ADA has gained 79.72%, signaling improving investor sentiment. Transaction volume for Cardano has also seen a big rise, up by 355.10% to reach 3.99 billion, indicating more user activity and growing interest. Additionally, Cardano’s Open Interest has increased from $53.4 million to $87.65 million, suggesting more capital inflows and new positions.
Understanding the fundamentals of Cardano’s on-chain Governance is crucial for active community participation. If you’re interested in learning more about this new governance era, check out this webinar by @NicolasC3rny, Governance Lead at @Cardano_CF ⤵️https://t.co/J7YcxZKawb
— Cardano Community (@Cardano) November 10, 2024
Santiment data highlights a recent surge in whale activity for Cardano. On Thursday, there were 697 transactions over $100,000—the highest daily count since September 5. This rise in high-value transactions often points to increased interest from significant market players.
With these positive trends, ADA may soon test the $0.7 resistance level. If whale activity remains strong, Cardano’s outlook appears promising for continued growth.
2. Floki (FLOKI)
Analysts are feeling optimistic about FLOKI, with predictions pointing to a possible major price rally. Recent technical analysis shows that FLOKI has broken out of a falling wedge pattern, which could lead to a 100-150% increase. After trading within this pattern for several months, the breakout suggests a potential shift to a bullish trend.
The break above the upper trendline is a promising sign, with analysts suggesting that buying pressure could continue to rise. Typically, a falling wedge pattern indicates a bullish formation, signaling that prices are likely to increase after a breakout.
The breakout point at around $0.00017000 is now the immediate resistance level. For the bullish momentum to hold, FLOKI needs to stay above this level. If it does, further buying could be encouraged. On the downside, the lower trendline has provided solid support, with additional support at $0.00011500, which remains a key level for maintaining an uptrend in case of a pullback.
This week in the #Floki / #TokenFi Weekly Recap:
✓ Floki is looking for talent
✓ Preparing the Sails #Valhalla patch
✓ Dubai Blitz
✓ $BNB Chain x #TokenFiAll this, and more, on Saturday, November 9, at 6 PM UTC! 👇https://t.co/RSrSc8EWfP pic.twitter.com/sfiIBt0coE
— FLOKI (@RealFlokiInu) November 8, 2024
In the past 24 hours, FLOKI has risen by 20.53%, reaching $0.0001741, while trading volume surged by 398.21% to $883.75 million. Over the last week, FLOKI gained 42.08% but encountered resistance at $0.00015 earlier.
Moreover, FLOKI has gained attention with recent developments, including the announcement of Hafthor Bjornsson as the ambassador for its MMORPG, Valhalla, which has increased engagement with the token.
3. Pepe Unchained (PEPU)
Pepe Unchained has set out to bring the original Pepe token into the modern crypto space, moving it beyond the limitations of its old Ethereum Layer-1 environment. With its own Layer 2 blockchain, Pepe Unchained promises faster transactions, greater scalability, and lower fees compared to Ethereum. The project is ambitious, and it recently launched Pepe’s Pump Pad, a meme coin launchpad inspired by Solana’s Pump.fun. This launchpad aims to make Pepe Unchained a central hub in the meme coin ecosystem.
The Pepe Unchained platform offers a range of features, including a decentralized exchange (DEX), a bridge, a block explorer, a staking pool, and developer grants to support blockchain innovation. These features create an appealing, all-in-one ecosystem for users seeking a versatile crypto platform.
Pepe Unchained is also developing the Pepe Chain, an L2 solution focused on solving scalability issues that the original $PEPE coin faced on Ethereum. Ethereum, as the second-largest blockchain, only supports around 15 transactions per second, leading to slow and costly transactions.
The Pepe Chain aims to tackle Ethereum’s congestion and high costs, providing faster and cheaper transactions. Allowing seamless asset transfers between Ethereum and the Pepe Chain makes $PEPE a more efficient choice for investors.
We are floored with the support coming in for PEPU! 🔥
26 million hit with no signs of slowing down, this community is #1!! 🐸💚 pic.twitter.com/zyxceMDwxJ
— Pepe Unchained (@pepe_unchained) November 9, 2024
Pepe Unchained ($PEPU) has attracted strong interest from early investors who believe in its potential for a successful exchange listing. These investors have supported its growth by buying in at the discounted presale price, even as market conditions fluctuated this year. This steady support reflects confidence in Pepe Unchained’s Layer 2 solution.
The presale gains traction each day, with larger investors joining in. However, time is limited—investors have less than 24 hours to secure $PEPU at the current presale price of $0.01249 before the price increases in the next funding round.
4. EOS (EOS)
The EOS Network is an open-source blockchain platform that emphasizes high performance, flexibility, and security. Designed as a third-generation blockchain, it uses the EOS virtual machine with a WebAssembly engine, allowing fast and low-cost transactions.
EOS is known for being scalable, divisible, and highly programmable. Operating on a Delegated Proof of Stake (DPoS) system, EOS enables stakeholders to choose node operators, ensuring decentralized control across the network without relying on traditional block miners.
Staking EOS on our website is great.
What's even better? Staking EOS across all major exchanges.
Stay tuned— First exchange announcement is coming tomorrow… https://t.co/ohgobg9and
— EOS Network Foundation (@EOSNetworkFDN) November 10, 2024
Currently, EOS is priced at $0.5732, marking a 20.64% increase in the last 24 hours. Its market cap has also risen by over 20% to $875.07 million, with 24-hour trading volume up by 667.42%, reaching $513.35 million. The current sentiment around EOS is bullish, with a Fear & Greed Index of 69, indicating strong optimism and potential for continued growth.
Recently, EOS completed a major upgrade to Spring 1.0 on September 15, introducing the Savanna consensus algorithm. This upgrade enhances transaction finality to just 1 second, a more than 100-fold improvement in speed. This leap in performance, security, and scalability positions EOS for future growth and innovation in blockchain technology.
5. Sui (SUI)
SUI is a Layer 1 blockchain focused on delivering fast, private, and secure digital asset ownership. Recently, SUI has shown strong performance, reflecting the positive momentum in the crypto market. In the past 24 hours, SUI’s price rose by 13.36%, and over the last month, it climbed by about 48%, pushing its market cap to over $8.59 billion as of November 10.
Comparing the recent performance of SUI and SOL, CNF found that SUI has delivered better returns in two of the last three months. The SUI/SOL ratio—a measure of SUI’s performance relative to SOL—jumped 300% in August and September, though SOL outperformed SUI in October.
Real Vision CEO Raoul Pal predicted in September that SUI’s price could respond positively to its Pilotfish program, which is focused on enhancing transactions per second (TPS). Pal discussed how the developments by Sui and Mysten Labs could impact SUI’s value in the future.
On November 7, the Sui Foundation announced a new partnership with Trace, a tech startup that aims to boost sports fandom through credentialed engagement. As a technology partner, the Sui Foundation strengthens its commitment to unlocking value in sports and entertainment using blockchain.
SUI continues to outperform, with a net inflow of $24.3 million last week, surpassing Solana (SOL) and Ethereum (ETH), which recorded $10 million and $9.7 million, respectively. This robust flow reflects SUI’s growing appeal to investors.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
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