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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 is a unique meme coin that offers all-new vote-to-earn rewards and strong community-building, along with impressive staking benefits. The project was launched late last month and has already raised over $300,000 in a short time. Updates on the project and its prospects are shared below.
1. Fasttoken (FTN)
This week, Fasttoken (FTN) showed strong performance with a 3.51% rise despite facing some downward pressure in today’s market. Over the past 24 hours, FTN slipped slightly by 0.13%, now trading at $2.37. However, the RSI indicator points to potential room for further growth, and a significant 180% increase in daily trading volume suggests more gains could be on the horizon.
Fasttoken is making strides in blockchain technology by focusing on security, efficiency, and scalability. It uses a hybrid Proof-of-Stake (PoS) and Proof-of-Activity (PoA) consensus system. This combination boosts security and efficiency while also addressing common issues faced by traditional blockchain networks.
The PoS mechanism in Fasttoken ensures that validators are chosen based on the number of tokens they hold and are willing to “stake” as collateral. This process helps lower energy consumption and boosts network decentralization. Fasttoken’s approach creates a more inclusive and efficient blockchain, making it appealing to those looking for sustainable and scalable solutions in the crypto market.
Discover $FTN Usability! 🔗
⚡️Swipe through to see all the ways you can use #Fasttoken!#FTN #usability #fasttoken pic.twitter.com/dDPIPsT0ph
— Fasttoken (@fasttoken_com) September 25, 2024
Additionally, Fasttoken offers a range of developer tools with a simple, user-friendly interface. This makes building and launching decentralized applications (dApps) easier. Many investors and analysts see this mix of innovation and ease of use as a sign that Fasttoken could grow significantly in the crypto space.
2. Dego Finance (DEGO)
Dego Finance, launched in 2020, is a decentralized ecosystem offering a mix of NFT and DeFi tools. It is an open NFT platform where users can create, mine, auction, and trade NFTs, covering the full lifecycle of these assets.
Dego’s NFT protocol serves as a cross-chain, second-layer infrastructure that blockchain projects can use for user acquisition and token distribution. Its modular design allows for combining different elements into subsystems with specific functions.
Today, DEGO’s price is $2.05, showing a 21.43% rise in the last 24 hours. Its market cap has also increased by 21.43%, reaching $43.11 million, while the 24-hour trading volume surged by 1711.50% to hit $38.601 million. The token is currently trading 26.63% above its 200-day simple moving average (SMA), which sits at $1.61284.
DEGO will incubate BUZZ: providing technical support and driving its growth in the GameFi and Telegram ecosystem.
BUZZ: A GameFi revolution for #Web3 bees, providing a variety of engaging ways to earn real rewards and benefits, making every moment in the ecosystem truly… pic.twitter.com/wOcBjmLxWb
— DEGO (@dego_finance) October 2, 2024
DEGO has had 18 positive trading days in the last month, with most of the remaining days being neutral. The token has grown over 52% in the past year, outperforming 52% of the top 100 cryptocurrencies. This upward trend has fueled optimism for further growth. If the project announces new collaborations, DEGO’s price could soon surpass $3.52. Should the crypto market remain bullish, the average price of DEGO may stay around $3.19 by 2024.
3. Flockerz (FLOCK)
Flockerz ($FLOCK) is a unique meme coin that has quickly gained attention. Launched late in September, the project has already raised over $350,000 in a short time. Titled “The People’s Meme Coin,” it offers something new to crypto fans—vote-to-earn rewards and strong community-building, along with impressive staking benefits.
At the heart of this system is Flocktopia, a decentralized autonomous organization (DAO) where every $FLOCK holder has a say. DAOs are governance structures that give equal voting power to all participants, similar to shareholders in a company. This means that Flockerz holders, also known as “The Flock,” can propose and vote on decisions, ensuring the community controls the project’s direction.
Beyond its playful bird theme, Flockerz stands out for its focus on community-driven governance. With 25% of its 12 billion $FLOCK tokens set aside for staking, holders can earn a yield of 1,888% over a two-year staking period. This staking not only generates passive income but also promotes long-term investment, making the project more stable by limiting the token supply.
Flockerz, let’s hit that target and soar even higher! 🎯🐦 pic.twitter.com/iggKkXkb85
— Flockerz (@FlockerzToken) October 2, 2024
Flockerz aims to list on both centralized and decentralized exchanges (CEXs and DEXs). The vote-to-earn feature will go live after these listings. Investors interested in joining can buy $FLOCK using ETH, BNB, USDT, or even a bank card on the official website.
4. Mask Network (MASK)
Mask Network is an open-source Web 3.0 solution that allows users on Twitter and Facebook to send encrypted messages for free. It acts as a bridge between Web 2.0 and Web 3.0, letting people access decentralized social messaging, payment networks, file storage, and file sharing without leaving their current social media platforms.
One of the standout features of Mask Network is its ability to support Initial Twitter Offerings (ITO), allowing blockchain projects to raise funds through Twitter. This functionality is likely contributing to the recent price increase. Mask Network currently supports Ethereum, Polygon, BSC, and Arbitrum networks for ITOs.
The price of MASK is expected to see steady growth. By October 2024, MASK could reach a maximum cost of $2.855 and a minimum of $2.379. In November, the price may rise to as high as $3.140, with a minimum of $2.617. By December 2024, MASK is projected to peak at $3.671, with a minimum of $2.643.
In addition to its price growth, Mask Network recently announced the acquisition of Nametag, a decentralized identity platform. This acquisition, revealed in a Medium post on September 20, 2024, will strengthen Mask Network’s decentralized identity product, Next.ID. This move is expected to give users more control over their digital identities in the Web3 space.
🙌 We are thrilled to announce that Mask Network has acquired DID extension Nametag @nametagtweets, marking the expansion of our decentralized social ecosystem.https://t.co/f5larL3v2s
— Mask Network (mask.io) (@realMaskNetwork) September 20, 2024
This acquisition marks a major step for Mask Network, which has been leading the way in decentralized social and identity solutions. It will likely have a significant impact on how users manage and protect their digital identities in the decentralized world.
5. Pax Gold (PAXG)
Amid economic uncertainties, PAX Gold provides a stable option for investors by offering tokenized gold ownership. Each PAXG token is backed by at least one troy ounce of a 400-ounce London Good Delivery gold bar, securely stored in Brinks vaults in London. This allows investors to combine the stability of gold with the flexibility of cryptocurrency trading.
Currently, PAXG/USD is trading at $2,658.68, with a daily high of $2,687.54. It seems ready to move toward the upper boundary of its trading range. If buyers keep the price above the 9-day and 21-day moving averages, the market could see further gains.
On the daily chart, PAX Gold is nearing the resistance level of $2,715, showing the potential for more upward movement. The 9-day moving average needs to remain above the 21-day average, with the line pointing upwards.
If the price stays above these moving averages, PAX Gold could head towards resistance levels at $2,800, $2,850, and $2,900. However, if it drops below the lower boundary of the channel, support levels could be at $2,450, $2,400, and $2,250.
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