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The overall feeling in the market is surprisingly negative, and cryptocurrency prices have been fluctuating for a while, including Bitcoin (BTC). BTC has gone back above $69K and is gradually closing in on 70K. Meanwhile, Ethereum (ETH) is currently striving to stabilize above $2,700.
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. Cosmos (ATOM)
Cosmos is a blockchain project designed to enable communication between different blockchains. It introduces the concept of the “Internet of Blockchains,” using the Cosmos Hub to connect over 249 interchain apps and services securely. The native currency of the Cosmos Hub is the ATOM token, which is used for paying transaction fees, staking to secure the network, and participating in governance decisions.
Technologies like Tendermint and the Cosmos SDK make it simpler for developers to create custom blockchains. The Cosmos ecosystem is expanding, with projects like Cronos and Injective using its tools for efficient cross-chain interactions. In today’s market, ATOM holds strong potential due to its focus on blockchain interoperability.
In the past 24 hours, ATOM’s price increased by 9.95%, and it has risen 10.63% over the past week. Moreover, trading volume surged by 244.83%, showing growing interest from investors. Current price predictions suggest ATOM could reach a minimum of $6, a potential high of $7.53, with an average of around $5.46. Despite a neutral market sentiment, the Fear & Greed Index is at 72 (Greed), indicating the possibility of sideways trading.
⚛️ It’s time for @CosmoverseHQ!
The big day has finally arrived!
2K+ registrations
120+ speakers
300+ projects💥 The largest #interchain event ever!
Tune in now to the livestream and hear from the #interchain projects shaping the internet of blockchains ⬇️ pic.twitter.com/yYcPZXAYiw
— Cosmos – The Interchain ⚛️ (@cosmos) October 21, 2024
Additionally, the post above shows that Cosmos is preparing for its biggest annual conference, starting today, October 21st. This event is a significant moment for the Cosmos ecosystem, with major announcements expected. Investors and enthusiasts should watch for updates that could influence ATOM’s value and future growth.
2. ARPA (ARPA)
ARPA Network (ARPA) is a decentralized platform designed to enhance the fairness, security, and privacy of blockchain systems. It uses threshold BLS signatures to support functions like a verifiable random number generator (RNG), secure wallet services, cross-chain bridges, and decentralized custody across different blockchains.
Previously known as ARPA Chain, the project was founded in 2018 as a privacy-preserving Multi-party Computation (MPC) network. Since then, ARPA Mainnet has completed over 224,000 computation tasks, using its expertise in cryptography and MPC to develop its innovative threshold BLS signature system. This system has now evolved into today’s ARPA Network.
🚀 Exciting News! @arpaofficial proudly launches Season 2 Community Rewards through @eigenlayer's Programmatic Incentives! 🎉 We're the first-ever AVS—outside of @eigen_da—to launch a rewards program, and as a top 3 AVS by number of stakers, we continue to lead the way. 🔑… pic.twitter.com/P0LqRx6Lmt
— ARPA Network (@arpaofficial) October 10, 2024
ARPA’s price saw a sharp increase today, reaching $0.05645, which marks a 34.42% rise in the past 24 hours. Its market cap has also grown by over 34%, now standing at $34.42 million, while its trading volume surged by 4603.49% to over $394 million. Currently, ARPA is trading 20.47% above its 200-day SMA, showing consistent bullishness over the last 16 out of 30 days.
The price prediction for ARPA remains positive, with the current sentiment being bullish. The Fear & Greed Index sits at 72 (Greed), indicating growing confidence and increased transaction activity. If the bullish trend continues, ARPA could see further gains, with future collaborations pushing its value even higher. If market conditions remain favorable, ARPA’s price could average around $0.14534 by 2024. However, if the market declines, its value may drop to a minimum of $0.0353.
3. Pepe Unchained (PEPU)
Pepe Unchained is quickly making its mark in the meme coin space, gaining attention through exciting developments and increasing its utility. The project has generated significant buzz, especially after raising over $21.2 million during its presale.
What sets Pepe Unchained apart from other meme coins is the team’s bold vision. A key initiative is the upcoming launch of Pepe Chain, a layer-2 blockchain designed specifically for meme coins. This new blockchain promises transaction speeds up to 100 times faster than Ethereum, which could provide a big boost to the project’s appeal.
Pepe keeps on BUILDING!
$21M raised. Momentum increasing! 🐸🐸🐸 pic.twitter.com/3c8pvDEsvU
— Pepe Unchained (@pepe_unchained) October 20, 2024
Pepe Unchained’s ecosystem is actively growing, with new features such as a decentralized exchange, bridging solutions, and staking rewards. These additions are aimed at increasing the project’s visibility and functionality. Additionally, the team supports developers through the ‘Pepe Friends with Benefits’ program, encouraging them to launch new projects on the layer-2 network.
This strategy is designed to create a thriving ecosystem of decentralized applications (dApps), with many in the community optimistic about the positive impact it could have on the meme coin sector.
Currently, the $PEPU token is priced at $0.0112, with price increases scheduled for each presale phase and the next one happening in less than 20 hours. After the presale, the team plans to list the token on a decentralized exchange (DEX). Investors can also stake their PEPU tokens and earn an annual return of 111%. Over 1.4 billion PEPE tokens have already been staked, and tokens can be purchased using $ETH, $USDT, $BNB, or even a bank card.
These developments reflect growing interest and confidence in the project, positioning Pepe Unchained as a potential high-return investment. As the presale continues, investors are closely watching how this project will evolve in the meme coin world.
Visit the Pepe Unchained Presale
4. dydx (DYDX)
dYdX is a decentralized exchange built on Ethereum, offering a range of services like borrowing, lending, spot, and margin trading. Users can trade directly without needing intermediaries and can even speculate on future crypto prices.
The platform operates using liquidity and safety pools to boost market liquidity and ensure security when staking tokens. It also features a unique Layer-2 scaling solution powered by zkSTARKS technology. This tech allows transactions to be validated off-chain while keeping the platform decentralized.
To commemorate the launch of the new Trump prediction market perp, dYdX is giving you the chance to win from a prize pool of $10,000 💸
To enter:
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🔹 Fill in the form below➡️ https://t.co/2YLi1hoSEV pic.twitter.com/ip1aqWjaYM
— dYdX (@dYdX) October 16, 2024
Currently priced at $1.22, dYdX has seen a surge of 19.65% in the last 24 hours, with a market capitalization of $787.11 million. It has also experienced a 28.86% increase over the past month. Trading volume jumped by 1658.44% in the past 24 hours, showing growing interest. dYdX is trading 43.58% above its 200-day SMA and shows a neutral RSI at 45.04. With 18 green days out of the last 30, the token exhibits low volatility and maintains strong liquidity, with a volume-to-market cap ratio of 0.1149.
Earlier this year, dYdX introduced liquid staking in collaboration with Stride, expanding staking options within the Cosmos ecosystem. The platform also plans to partner with other providers like Persistence and Quicksilver. This move aims to take advantage of the growing trend of liquid staking, offering users more opportunities to earn yields while increasing its presence in the DeFi space.
5. Chintai (CHEX)
Chintai is making waves in the financial world by opening up access to financial opportunities for everyone. It offers a range of services, including tokenization, a marketplace, and compliance infrastructure, making it a key player in the blockchain space.
One of its standout features is a pilot project focused on carbon credits, showcasing Chintai’s commitment to sustainability. By using blockchain technology, Chintai aims to bring real-world assets onto the blockchain, improving transparency and efficiency in asset management. This effort is further strengthened by its partnership with Coinbase, which adds credibility and shows Chintai’s ambitious vision.
Real-World Assets (RWAs) have taken 2024 by storm, establishing themselves as a game-changer in blockchain by bringing traditional digital assets like real estate, private equity, and alternative investments on-chain. This transformation lies at the heart of #Chintai, powered by… pic.twitter.com/OIGNwqINyX
— Chintai Nexus (@ChintaiNexus) October 14, 2024
Currently, the CHEX token is priced at $0.2367, marking a 40.69% increase in the last 24 hours. Its market cap has also surged by 40.7%, reaching $230.38 million. Additionally, trading volume for CHEX has grown by over 1009% in the past 24 hours, hitting $1.95 million, signaling growing interest in the token.
With strong fundamentals and a supportive crypto community, CHEX has the potential to grow further. If the project partners with other networks, its price could surpass $1.52. Should the market trend remain bullish, the average CHEX price could rise to $2.19 by 2024. However, in the case of a market downturn, the minimum price might fall to $0.09763.
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