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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 91K today and is trying to stabilize above that price as of press time. Meanwhile, Ethereum (ETH) has finally reached over $3,100.
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. Mog Coin (MOG)
Mog Coin (MOG) has experienced fluctuations this past month but maintains a generally bullish trend. Currently priced at $0.000002369, MOG has surged by 37.55% over the last 24 hours. This growth is accompanied by a rise in its market cap to $37.5 million, with trading volume up by 326.98%, reaching $160.94 million. The total supply of MOG tokens is 390.57 trillion, with a maximum cap of 420.69 trillion, reflecting recent solid demand.
The broader crypto market has shown bullish movement over the past week, and Mog Coin is riding this wave. MOG’s price has climbed by 12.17%, with daily and monthly trends showing positive momentum. Social media buzz suggests that several celebrities and crypto influencers have invested in MOG, contributing to its growing popularity. However, with a market cap of $759 million, some investors question whether it’s still an excellent time to buy in.
A critical factor in Mog Coin’s (MOG) success is its strong social media presence, which keeps the community actively engaged. For investors looking for low-cost tokens with growth potential, Mog Coin presents an appealing opportunity. Its stability during recent market corrections has further boosted investor confidence.
While some analysts predict MOG could reach a $4 billion valuation within six weeks, others remain cautious. They point out that meme coins often spike to $1 billion and then slow as large investors, or “whales,” move to other coins. Some investors may consider waiting for a price dip before buying in, though the current market trend remains bullish.
2. Dogwifhat (WIF)
This week, Dogwifhat (WIF) has shown promising momentum. On Monday, it traded within an ascending triangle, repeatedly testing the $2.70 resistance level. It oscillated around the 2024 support line at $2.55, a crucial level to maintain bullish momentum. This pattern suggested an upward breakout, especially with WIF consistently closing above $2.55 for eight days.
After successfully breaking past $2.70, WIF quickly moved to higher targets, trading at over $4.00 as of press time. Currently, WIF is priced at $4.00, reflecting a 31.12% increase over the past 24 hours and a 71.75% rise over the past week, showing strong growth.
For further gains, WIF needs to surpass the $4.5 resistance. Technical analysis suggests the price could reach as high as $5 if it can. The token’s technical indicators look positive, and its current price action points to potential growth. Many traders are watching these levels closely for additional gains.
Additionally, WIF crossed the 100 EMA on the hourly chart, signalling a possible shift in momentum. This followed a period of volatility, with WIF testing both highs and lows. The cross came amid fluctuating trading volumes, indicating a cautious but growing interest from traders.
A new all-time high (ATH) may be within reach as WIF gains more attention. If market conditions remain favourable, Dogwifhat could break past its current levels. Investors should watch market trends and technical indicators to gauge its long-term potential. If Dogwifhat continues to perform well in 2024, it may grow further.
3. Pepe Unchained (PEPU)
Pepe Unchained (PEPU) aims to take the popular Pepe brand to new heights in the crypto world. Currently, PEPE is the third-largest meme coin by market cap. However, to keep climbing, it needs a stronger technical framework. This is where Pepe Unchained steps in with its own layer-2 blockchain.
By moving PEPE’s processing to a dedicated network, Pepe Unchained promises a 100x boost in transaction speed while significantly reducing fees. Alongside its layer-2 tech, the project also offers unique utility. The Pepe Unchained team recently announced a developer grant program, providing select developers with funding to create innovative apps on the Pepe Unchained blockchain.
Additionally, Pepe Unchained plans to rival Solana’s Pump.fun by launching its token platform to establish itself as the go-to site for meme coin creation. With its advanced utilities, meme coin appeal, and layer-two capabilities, experts are increasingly optimistic about PEPU. Crypto YouTuber ClayBro, with over 131K subscribers, even suggested PEPU could overtake PEPE as the third-largest meme coin by market cap.
The excitement around PEPU’s ongoing ICO is evident, with less than 29 days until its market launch on major crypto exchanges. The project raised $1.2 million in just one day, showing strong demand. Investors can still join in before its debut, with PEPU available at $0.01281 through ETH, USDT, BNB, or by bank card via the buy widget on its website.
Visit the Pepe Unchained Presale
4. michi (SOL) (MICHI)
The live price of $MICHI is now at $0.5618, showing a 43.94% increase in just 24 hours. Its market cap has reached $312.26 million, with a 24-hour trading volume of $50.09 million—an impressive 192.59% jump in volume. The circulating supply is 555.76 million coins, representing the maximum supply of $MICHI.
Right before this bullish trend, trading volume hit six units but then dropped and stabilized, showing a slowdown in market activity. This trend hints at a pause in price movement for now.
During the surge, a large green candlestick indicated strong buying interest as $MICHI’s price spiked. Afterwards, the market began a consolidation phase with smaller green and red candles, showing indecision among traders. This pattern suggests that investors are evaluating the new price level before making any precise moves.
The bullish momentum initially looked strong but has since levelled off, as reflected in the sideways price movement. This suggests a cautious market sentiment, with traders waiting to see if the uptrend will continue or if a correction is due. The price has formed some key support and resistance levels.
Currently, resistance is set at $0.5845. If this level breaks with increased trading volume, there may be further potential for an upward move. On the downside, support has formed around $0.5604. If the price revisits this level, it will test whether buyer interest remains strong enough to keep the momentum going.
5. Book of Meme (BOME)
BOME’s recent price surge has caught the eye of many investors. It managed to break out of a descending triangle pattern, where it had been stuck for about a month. Moreover, it crossed the trend reversal zone between $0.0076 and $0.0080, signalling growing bullish sentiment. While it’s working on a potential double-bottom pattern, a minor pullback could happen before the upward trend resumes.
BOME has now moved past its resistance zone, showing potential to reclaim the critical range between $0.01124 and $0.01155. A slight dip to $0.0085 might occur as trading volume builds, but On-Balance Volume (OBV) has rebounded and continues to climb, suggesting a breakout from previous bearish levels could be near. Analysts predict BOME’s price may stay high for the rest of 2024, possibly surpassing $0.15 by year’s end.
With an expected alt season approaching, Book of Meme (BOME) is a promising project. At the time of writing, BOME trades at $0.01094, up 19.78% in the past 24 hours and 26.71% over the week. Its RSI of 44 suggests it’s undervalued, presenting a potential buy opportunity. If the alt season takes off, BOME could reach as high as $0.02.
Poker tournament today
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Sign up info in 🧵 pic.twitter.com/MxXz8XNvlk— BOME (@Bomebookofmemes) November 13, 2024
BOME’s adoption is also growing, as it was recently added to PengyOS. Over the past year, it has seen an impressive 1100.67% increase, though it’s still below its all-time high. With Bitcoin ETFs absorbing more Bitcoin than mining can produce, the potential for gains in meme coins like BOME appears strong. As Q4 unfolds, now might be an ideal time to consider investing before the chance slips away.
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