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The overall feeling in the market is beginning to look positive. Recently, Bitcoin (BTC) finally rose above $67K and could return to its all-time high of 73K. Meanwhile, Ethereum (ETH) has surpassed $2,600 and may reach 3K if the market stays bullish.
Determining the next cryptocurrency to explode might be challenging as most funds are attracted to pumping assets. However, this article will explore the performance of cryptocurrencies that have a lot of growth potential, especially during the Uptober bull run. 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 Memebet Token. This new Telegram-based betting platform allows users to bet using meme coins for the first time, generating excitement among crypto enthusiasts. The details of its presale and the performance of the top-performing cryptos today are shared below.
1. Simon’s Cat (CAT)
The CAT/USD pair is showing a clear upward trend after a period of consolidation near a key support zone between $0.00002200 and $0.00002300. This zone served as a base for the price to push higher. Currently, the price sits around $0.0000384, marking a notable increase. This rise is illustrated by a parabolic curve, signaling strong buying interest and positive market sentiment.
The 50-period SMA is at $0.00002607, and the 200-period SMA is at $0.00003203. The price has moved above both these moving averages, which is a positive sign for the market. Trading above the 200 SMA, in particular, suggests a longer-term bullish trend. If the 50 SMA crosses above the 200 SMA, this would create a “golden cross,” further confirming strong upward momentum.
Today’s price chart shows Simon’s Cat (CAT) tokens fluctuating within a 24-hour range. The price started at $0.00003837, rose to a high of $0.00004, and then corrected to $0.00003697 at press time. Over the past 24 hours, the token gained 10.93%, with trading volume increasing by 216.47%, indicating heightened activity and positive sentiment. The market cap is $249.54 million, with a circulating supply of 6.75 trillion CAT.
Was the wait worth it? 😻
This isn't the only exciting news we have for you this week! Stay tuned to your Telegram for a special $CAT SZN surprise 😼 pic.twitter.com/nAtZOGUj5C
— Simon's Cat Token (@SimonsCatMeme) October 22, 2024
While technical indicators suggest continued bullish momentum, the overbought RSI hints that caution is needed. A pullback or consolidation near resistance may happen before the price moves further upward.
2. Aptos (APT)
Aptos is currently trading at $10.89 after a slight decrease of 9.48% today. However, its trading volume has increased by 125.94% in the last 24 hours, showing growing investor interest ahead of a major event. Aptos is trading above all of its Simple Moving Averages, indicating that its price may soon test the $13.55 resistance level due to the rising demand.
Aptos (APT) has shown strength in a weak market, following an upward trend similar to SUI. Since mid-September, its price has steadily risen from below $5 to its current level. This consistent upward movement, marked by higher highs and higher lows, reflects a bullish momentum.
Recently, Aptos partnered with MEXC to launch events centered around its APT token. Aptos holders can join activities like Locked Savings and Futures Trading for a chance to win a share of a 1.5 million USDT prize pool. MEXC is also offering zero trading fees for Aptos tokens during this period, making the daily chart for Aptos very bullish.
Another week on Aptos = Another week of growth and on-chain magic 🪄
Tap in, anon 👇 https://t.co/d9rCZcoIC2
— Aptos (@Aptos) October 22, 2024
Support levels for Aptos are around $10 and $5, which have previously acted as stable points during market pullbacks. The recent rise in trading volume around mid-October coincides with the price increase, showing strong buyer confidence.
The analysis suggests that high trading volumes during price increases reinforce the positive outlook. The surge in buying interest, especially around October 14, indicates the potential for continued growth.
3. Memebet Token (MEMEBET)
Memebet Token is making waves in the crypto casino scene by focusing on the meme-driven community. Unlike traditional casinos, it introduces popular meme coins as betting options, offering a fresh and exciting experience. This unique approach appeals to “degen” gamblers, making Memebet a user-focused platform that stands out.
While many crypto casinos miss out on the fun of meme culture, Memebet Token fills that gap. It creates a gambling platform tailored to meme enthusiasts, boosting engagement and differentiating itself in the market. Players can use meme coins for wagering, adding a creative twist to the gambling world. Designed by Degens for Degens, the platform perfectly fits the community’s interests, combining meme culture with the thrill of betting for an unmatched experience.
Featured in prominent media outlets such as Techopedia, Bitcoinist, Finbold, Cryptonews, and News BTC, Memebet is gaining visibility and attracting new users. These partnerships are helping the platform grow and solidify its place in the crypto gambling space.
Recently, Memebet Token announced the upcoming launch of its casino, sparking excitement among its followers. Players can buy and wager with $MEMEBET to qualify for Airdrop Season 1, encouraging participation when the platform goes live.
In its presale phase, Memebet Token raised $502,905.12, with the current price at $0.026. This price is available for the next 18 hours. The more tokens users wager, the bigger their airdrop rewards, further motivating involvement.
4. Safe (SAFE)
Safe is transforming Ethereum accounts into smart accounts, aiming to improve areas like AI, staking, gaming, SocialFi, DeFi, and payments. The platform provides user-friendly features, including gasless transactions, face-ID logins, onramps, and recovery options, making it accessible and convenient.
The Safe ecosystem now includes over 200 projects, such as Gnosis Pay and Worldcoin, and operates across more than 15 networks. It has become a widely adopted standard, especially among those responsible for the self-custody of assets and high-value NFTs.
Recently, the SAFE token became transferable after a DAO vote, with over 99% of participants supporting the move. The token had been locked since its airdrop launch in October 2022. This milestone has increased liquidity and boosted trading activity. As a result, the token’s price rose by 14.32% in the past 24 hours, reflecting positive market sentiment.
Someday in the future, all EOAs will be compromised at once due to quantum computing.
As an industry, we need to accelerate the transition to smart accounts.
EIP-7702, coming in the Pectra hard fork in Q1 2025, will be the first step to fully migrate users to smart accounts! https://t.co/9gBzrlmvWt
— Safe (@safe) October 18, 2024
Today, SAFE is priced at $1.08, with a market cap increase of 14.67%, reaching $501.19 million. Its 24-hour trading volume surged by 534.86%, hitting $13.33 million. SAFE is trading significantly above its 200-day SMA by over 8,600%. The bullish price prediction sentiment, along with a Fear & Greed Index of 70 (Greed), signals growing optimism and the potential for continued upward momentum.
5. Beam (BEAM)
Beam (BEAM) is gaining attention as one of the top privacy-focused cryptocurrencies. However, some analysts are concerned that it has crossed into overbought territory. Beam’s mobile app and efficient operating model offer strong privacy features, allowing users to stay anonymous. Despite recent concerns about its price, Beam is showing positive momentum.
Currently, Beam is priced at $0.0184, reflecting a 2.73% increase in the past 24 hours. Over the last month, it has experienced 15 “green days,” meaning its closing price was higher than its opening price half the time. Beam also benefits from high liquidity compared to its market cap, adding to the overall bullish sentiment around the token.
Interest in Beam is growing, partly due to the increasing focus on privacy-enabled cryptocurrencies. Social media platforms are seeing more discussions around Beam’s development and the active involvement of its community, which could be fueling its upward trend.
The @BuildOnBeam marketing machine 📰
When you join the @BuildOnBeam network, you get much more than solid infrastructure and premium tooling 🛠️
🏛️ Marketing masterclasses
🗃️ Resource center
📲 Continuous amplification on socials
🎪 Physical events pic.twitter.com/QIHsd9JPAQ— Beam (@BuildOnBeam) October 22, 2024
Beam’s price forecast suggests stability. By October 19, 2024, its price is expected to remain steady at $0.019314. However, a rise to $0.02278 is predicted by October 22, 2024, marking a potential increase of 12.04%. By the end of the month, Beam could reach a high of $0.021578.
With its recent performance showing gradual price increases and positive market sentiment, Beam is an asset worth watching for potential further growth.
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