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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 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 the new presale coin, Flockerz (FLOCK). This unique meme coin offers all-new vote-to-earn rewards, strong community-building, and impressive staking benefits. The Flockerz team launched its project late last month and quickly raised over $500,000. Updates on the project and its prospects are shared below.
1. PolySwarm (NCT)
PolySwarm has surged strongly, rising 4.02% in the last 24 hours. It also shows impressive liquidity with a volume-to-market cap ratio of 0.4683. This has caught the attention of investors, mainly due to its unique role in the growing cybersecurity field.
PolySwarm isn’t just about price movement; it’s a crowdsourced threat intelligence platform. It uses Ethereum smart contracts to detect new and emerging threats. What makes PolySwarm stand out is its PolyScore system, which ensures early and accurate threat detection. Users get NCT token rewards for their contributions, and these tokens also provide access to valuable insights within the network.
The platform also prioritizes security, using a bug bounty program and professional audits to maintain safety and reliability. By bringing together global security experts, PolySwarm promotes innovation and competition in threat detection, offering solutions that can outpace traditional methods.
#DragonForce is a #ransomware as a service (#RaaS) that has significantly evolved in the past year, making it a formidable threat. @GroupIB's latest report sheds light on its capabilities. Check out our blog for more info and PolySwarm’s samples.https://t.co/DtCn7Q6aUO
— PolySwarm (@PolySwarm) October 4, 2024
In terms of long-term performance, PolySwarm is doing well. It’s trading over 101% above its 200-day simple moving average, with a price increase of 193.41% in the past year. It has outperformed 77% of the top 100 crypto assets. However, with a 14-day RSI of 73.74, a pullback could be expected as the token may be overbought.
2. Uniswap (UNI)
Uniswap (UNI) shows a strong price increase today, while many other major cryptocurrencies are experiencing a downturn. This recent price action reflects growing excitement around a potential breakout, suggesting UNI could see further gains soon. Another important factor driving this rise is the increased activity within the Uniswap ecosystem.
One analyst recently expressed a highly bullish outlook on UNI, stating that the token is on the verge of a significant breakout. It has bounced off daily and weekly support levels, showing resilience in its price movement. The analyst also praised the Uniswap ecosystem, calling it one of the strongest in the crypto space and pointing out its rapid expansion. With this momentum, UNI could even rank among the top five cryptocurrencies in the current market cycle.
On the charts, UNI/USDT is attempting to break out from a descending resistance line that has held the price down for a while. This breakout is a solid bullish indicator and supports the view that UNI is set for a significant upward move. UNI has consistently found support between the $6.00 – $6.50 range, showing solid buying interest. This area has formed double and triple bottom patterns, reinforcing its importance as a support level.
UniswapX is live on the mobile app
Access aggregated liquidity across onchain and offchain sources while swapping on-the-go
Plus, there's no gas fees on swaps 🫡 pic.twitter.com/wEkWYLKvv1
— Uniswap Labs 🦄 (@Uniswap) October 7, 2024
Currently, UNI is testing the $7.50 – $8.00 range, with bullish momentum driving the price higher. A 3.99% price rise today signals increasing interest, and upside targets are now within reach. In addition, Uniswap Labs is preparing for Uniday at Devcon on November 11th, an event that will feature talks from community members, developer demos, and workshops on DeFi innovation. This event highlights the strong community support and growth within the Uniswap ecosystem.
3. Flockerz (FLOCK)
Flockerz is shaking up the meme coin space by putting the power in the hands of its community. Unlike many projects where a few decision-makers control the future, Flockerz gives “The Flock” the ability to guide its direction. At the heart of this project is FlockTopia, where every holder gets a voice and can earn rewards through an innovative system.
What sets Flockerz apart is its community-driven approach. In FlockTopia, there is no central authority—every vote counts. The more holders participate in shaping the project, the more $FLOCK tokens they can earn. This makes Flockerz a true project by the people, for the people.
Flockerz operates through a Vote-to-Earn DAO, where every holder can vote on critical decisions. By doing so, they earn $FLOCK tokens, directly benefiting from their involvement. This system rewards active members who help steer the project’s future.
Recently, Flockerz has seen rapid growth, especially with the excitement around its Telegram launch. As more people join “The Flock,” the project is gaining momentum. Its community-driven nature is proving to be a big part of its success.
The Flockerz presale is LIVE and flying high! We’ve already raised over $500K, and we’re just getting started 🚀🐦 pic.twitter.com/X8XWG5TQe7
— Flockerz (@FlockerzToken) October 7, 2024
Flockerz has been featured on platforms like CoinPedia, NewsBTC, and ReadWrite, helping spread the word and attract more participants to the growing community. It’s quickly becoming a recognized name in decentralized space.
The Flockerz presale offers early adopters a chance to earn significant rewards by staking their tokens. Participants can earn passive income with a generous APY and a 2-year staking period. The presale price is $0.0057469, giving early investors access to promising returns.
4. Beldex (BDX)
Beldex has seen a solid price increase of 9.77% in the past 24 hours. Despite having medium liquidity, with a volume-to-market cap ratio of 0.0262, the token is gaining momentum. The community recently celebrated a major milestone, reaching 4 million picks on Binance Futures NEXT. This achievement highlights the growing enthusiasm and trust of Beldex supporters, reflecting its rising influence in the crypto space.
Beldex focuses on privacy, offering decentralized apps (dApps) to enhance user data protection and confidentiality. The BDX token allows secure, anonymous peer-to-peer transactions, providing users with a safer environment for their activities.
Recently, Beldex shifted from a proof-of-work (PoW) to a proof-of-stake (PoS) model. This transition has improved scalability, reduced fees, and sped up transaction times, positioning Beldex for future growth. The project also uses advanced privacy technologies like the RingCT protocol, which masks sender information, and stealth addresses that hide original addresses, ensuring confidential transactions.
A warm thank you to our amazing #Beldex community for helping us reach 4 Million picks on @BinanceFutures NEXT‼️ Your incredible support and trust mean so much to us—this milestone belongs to all of us! Let’s keep the momentum rolling!🎊
Cast your vote here:… pic.twitter.com/HYnyLCNm0A
— Beldex.bdx (@BeldexCoin) October 3, 2024
In the short term, Beldex’s performance has been strong. The 14-day RSI stands at 65.59, showing a neutral position, with 20 green days out of the last 30, translating to 67% positivity. Its low volatility of 4% suggests steady growth and stability.
Looking at the long-term outlook, Beldex performs impressively, trading 61.19% above its 200-day simple moving average. Over the past year, its price has increased by 151.35%, outperforming 70% of the top 100 crypto assets. This shows that Beldex holds promise as a solid investment opportunity.
5. Celo (CELO)
Celo (CELO) stands out for its focus on making crypto accessible to users in emerging markets, especially through mobile technology. The platform allows people to send and receive money using just phone numbers, lowering barriers for those new to cryptocurrency. Celo also supports stablecoins, helping protect users from market volatility. With mobile technology expanding globally, Celo’s emphasis on accessibility creates an excellent opportunity to increase crypto adoption. Its commitment to financial inclusion is especially notable.
Celo is transitioning to a second-layer (L2) solution for Ethereum (ETH), which has boosted stablecoin activity on the platform. According to data from Artemis, Celo has now surpassed Tron (TRX) in daily active addresses related to stablecoin use. It has also overtaken networks like Solana (SOL), The Open Network (TON), and BNB Chain in this category, highlighting its growing presence.
In recent trading, Celo performed well, hitting a 24-hour high of $0.7471 after starting at a low of $0.6945. At the time of writing, it is priced at $0.7337, reflecting a 9.55% gain. This suggests increased buying activity and positive market sentiment.
Celo is trading 40.52% above its 200-day simple moving average (SMA) of $0.524995. It has seen 19 green days out of the last 30, making up 63% of the period, and technical indicators point to a positive outlook as of October 6, 2024. If Celo holds its current momentum, more upward movement could follow, though traders should be cautious and manage risks when making decisions.
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