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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. Destra Network (DSYNC)
Destra Network (DSYNC) has had a rollercoaster few months, with its price swinging between $0.146 and $0.194. Recently, though, DSYNC broke through its $0.219 resistance level and even tested $0.3. More importantly, it has stayed above its $0.223 support level, providing short-term stability.
In the last week alone, DSYNC surged by 76.69%, including a 14.86% gain in the past 24 hours. Over the past month, it has risen by 91.77%, up over 2250% for the year. As of press time, DSYNC is trading above both its 100-day moving average of $0.18 and its 10-day average of $0.21, suggesting a bullish outlook. The 14-day RSI is at 64, nearing overbought levels, which could signal either a breakout or a pullback shortly.
DSYNC’s market cap saw a solid 15.16% increase in the last 24 hours, bringing it to $297.64 million. Trading volume also spiked by an impressive 91.34%, reaching $10.28 million. The overall sentiment for DSYNC is bullish, and the Fear & Greed Index stands at 84 (Extreme Greed), showing rising optimism and more token activity.
Destra Network | $DSYNC
Destra network is thrilled to be part of Chainlink ecosystem.
We have been working with team at @chainlink to make destra CCIP enabled, starting with seamless integration into our storage network, across various chains.
This marks just the beginning,… https://t.co/xvoMdIfj16 pic.twitter.com/AZGHm1kVCi
— Destra Network (@DestraNetwork) November 12, 2024
Destra network has been working with the Chainlink team to enable Destra CCIP, starting with seamless integration into our storage network across various chains. If the project announces new collaborations or partnerships, it may break past its resistance level of $0.319. Additionally, if the broader crypto market remains strong, the token could see further gains, with some predictions suggesting it could reach an average of $0.9572 by the end of 2024.
2. Peanut the Squirrel (PNUT)
Peanut the Squirrel ($PNUT) has experienced an incredible price surge, jumping 261.14% in the past 24 hours to reach $1.52 as of 10:01 a.m. EST. This increase came alongside a notable rise in trading volume, up by 196.70% to $3.16 billion, according to CoinMarketCap. The surge follows a viral moment on social media, where Peanut, a pet squirrel, drew attention after being seized by local officials in the US due to rabies concerns. Chemung County official Chris Moss later confirmed that Peanut tested negative for rabies, boosting interest in the token.
The bulls have taken charge, pushing $PNUT above the 50-day Simple Moving Average (SMA), a signal of the continued upward trend. Additionally, the Relative Strength Index (RSI) has surged past 70, hitting 85, which indicates strong buying pressure on the token.
The Moving Average Convergence Divergence (MACD) also reflects this bullish trend, with the MACD line crossing above the signal line. If this momentum continues, $PNUT could soar even higher, with the bulls surpassing the $1.50 target.
Little squirrel, big dreams ✨ pic.twitter.com/hp18FT8ATL
— PNUT – Peanut The Squirrel | Fan Page (@pnutsolana) November 13, 2024
However, the high RSI level suggests the asset may be overvalued, implying that a selling phase might occur as investors seek to secure profits. If selling pressure rises, $PNUT could fall back to a support level of around $0.40. For those interested in alternative investments, Flockerz ($FLOCK) presents another promising option. It has already raised over $1.6 million and is drawing attention as an innovative meme coin project.
3. Flockerz (FLOCK)
The meme coin world is buzzing as Flockerz ($FLOCK) surpasses $1.6 million in presale funding, pushing the sector’s market cap over $112 billion. Dubbed the “People’s Meme Coin,” Flockerz aims to outshine $DOGE with a unique twist—its community fully controls it. With its vote-to-earn (V2E) mechanism, Flockerz rewards users for engaging in the project’s governance, giving them crypto incentives for every vote cast on important decisions.
Since launching its presale in September, Flockerz has quickly attracted significant investor interest, signaling strong support for a community-driven project. Moreover, $FLOCK holders gain even more tokens by participating in decisions that impact the project’s future. These decisions include protocol updates, budget allocations, tokenomics adjustments, grant approvals, and investment strategies, allowing users to shape the coin’s direction.
Shout out to The Flock!!!🔥
We just flocking hit 1.5m! The flock is indeed the best community in crypto right now, we are excited for what's to come!🐦👑 pic.twitter.com/wWHXmTMHET
— Flockerz (@FlockerzToken) November 12, 2024
This decentralized governance model lets the community guide Flockerz’s future, rewarding every vote in $FLOCK tokens. By promoting active community involvement, Flockerz is the first meme coin to truly place governance in the hands of its holders.
Flockerz’s approach is refreshing, especially compared to the typical developer-led meme coin launches on platforms like Solana’s Pump.fun. With a fully community-governed model, Flockerz reduces the risk of developers abandoning the project, offering investors a more secure project structure.
As the first meme coin to adopt the V2E model, Flockerz could set a new industry standard. This model could inspire other meme coins to adopt similar transparency and community-driven governance, benefiting investors. If this trend catches on, Flockerz might gain the same pioneering recognition that $DOGE has today.
For now, Investors can purchase $FLOCK at just $0.0060049. Recently, a whale bought 8.8 million $FLOCK for around $53,000, showing strong confidence in the project. However, the price will likely increase soon, so those interested may want to act quickly.
Visit the Flockerz Presale Now
4. Act I: The AI Revolution (ACT)
Act I: The AI Prophecy (ACT) has made a stunning leap, skyrocketing over 1,800% in just two days to reach $0.6886 as of 10:21 a.m. EST. Trading volume also surged by 14.81%, reaching $1.19 billion, according to CoinMarketCap. This impressive growth follows Binance’s announcement to list ACT, with trading starting on November 11.
Before the Binance listing, ACT was trading around $0.019, showing a steady consolidation phase, as reported by GeckoTerminal. The new listing triggered a parabolic rise, pushing the price above the 50-day and 200-day Simple Moving Averages (SMAs), a strong bullish indicator. The Relative Strength Index (RSI) is now at 95, signalling that the token might be overvalued and overbought.
Additionally, the Moving Average Convergence Divergence (MACD) indicates a positive trend, with the MACD line crossing above the signal line—a classic bullish signal. If the current buying momentum continues, ACT could climb further, with bulls eyeing a $1.00 target.
Market sentiment for ACT is bullish, with a Fear & Greed Index of 84, showing “Extreme Greed” and reflecting high optimism for an uptrend. If the crypto market remains strong, analysts predict that ACT’s average price could reach around $2.19 by 2024. However, if the market weakens, a price drop to as low as $0.39 is possible by 2024.
5. BONK (BONK)
Bonk (BONK) has recently gained attention for its impressive performance, even as markets fluctuate. Currently priced at $0.00003785, BONK has surged 29.93% in the last 24 hours, showing strong investor interest. Its market cap now stands at $2.84 billion, and trading volume reached $2.26 billion, marking a 49.95% increase in just a day.
BONK’s recent price rise during a market correction hints at its potential as a promising investment. As the market stabilizes, more investors are exploring BONK to diversify their portfolios. Previously, BONK was in a bearish phase with support of around $0.00002, but a proposal to reduce its supply has sparked confidence, lifting the market cap.
According to CoinMarketCap, BONK has outpaced other meme coins on the Solana network, like WIF, BOME, and SLERF. Investor interest has increased with recent developments, including BONK’s addition to on-chain data provider Xangle, allowing users to track real-time data on BONK’s supply and exchange listings.
Both BONKdao proposals have reached approval quorum and passed❗️❗️❗️
The 100b burn test will happen soon, and a nice warmup for the BONKdragon heating up for Burnmas👀🐉 pic.twitter.com/EV34oGtZHv
— BONK!!! (@bonk_inu) November 11, 2024
This follows an April decision by the BONK DAO to burn 278.39 trillion BONK tokens, approved by 99.9% of voters. Previous token burns have often led to price gains, reflecting investor trust in BONK’s strategy. Meanwhile, deposits for $BONK are now open on Binance.US, with trading on the BONK/USDT pair starting today, October 13, at 6 a.m. EST.
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