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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 $67K but still hasn’t closed in on 70K. Meanwhile, Ethereum (ETH) is currently striving to stabilize above $2,500.
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. Popcat (POPCAT)
Popcat (POPCAT) is currently priced at $1.46, with a slight 0.67% dip in the past 24 hours. Notably, the token has enjoyed 17 “green days” in the past month, where closing prices exceeded opening prices, marking 57% of the month in positive territory. Popcat also shows strong liquidity relative to its market cap, making it easy to trade.
Market indicators show a bullish sentiment for Popcat, reflected in its Greed score of 69 on the Fear & Greed Index. With moderate volatility at 14.74% over the past month, analysts project the price could reach $5.42 by November 23, 2024. The expected price ranges for October 2024 span between $1.588 and $5.61, with an average forecast of $3.30. This could mean a gain of up to 253.93% over the last month, offering a potential ROI of 263.51%—making it a strong investment choice.
The technical outlook supports this trend. The Moving Average Convergence Divergence (MACD) has seen a significant rise in the green histogram, with averages showing a bullish pattern. Staying above its support level of $1.59 could pave the way for Popcat to reach its target price of $1.905. However, a bearish shift might push it back to a low of $1.27.
2. Helium (HNT)
Helium (HNT) is a blockchain-based network for Internet of Things (IoT) devices, launched in July 2019. It allows low-powered wireless devices to connect and share data through its network of Hotspots, which are nodes that combine a wireless gateway with a blockchain miner. This setup lets users mine HNT tokens while contributing to the network.
Helium seeks to enhance IoT communication by tackling issues in traditional infrastructure. With its decentralized, community-driven model, it holds strong potential in the IoT sector. The token’s appeal in the current market depends on several factors, but its focus on IoT and unique approach could present attractive opportunities.
Helium: The King of DePIN 👑
Check out how the Helium Network is reshaping the future with decentralized technology, bringing innovative solutions and scalable infrastructure to the forefront of the crypto space.
Don’t miss out, read the full story👇https://t.co/4AoVFOf7ai pic.twitter.com/PXHOfUYSlU
— Helium🎈 (@helium) October 25, 2024
HNT is currently trading between $6.33 and $8.01, where its price has consolidated. The next big move depends on whether it can break the $8.01 resistance level. Continued bullish momentum might push it above this level, with potential gains for investors if it reaches $9.00.
Additionally, Nova Labs is developing crypto-friendly cell plans through Helium, offering unlimited plans for $20 monthly via T-Mobile. Helium’s blockchain now supports multiple networks like IOT, MOBILE, and ENERGY, while the HNT token is used to pay for data transmission and incentivize network participation. This growth positions Helium as one of the world’s largest decentralized networks.
3. Pepe Unchained (PEPU)
Pepe Unchained (PEPU) brings a new wave of innovation to the Pepe ecosystem, leveraging Layer 2 technology to enhance this popular meme coin. By doubling staking rewards for dedicated holders it adds appeal while tackling key issues faced by traditional Layer 1 blockchains like Ethereum. With its advanced Layer 2 solution, Pepe Unchained reduces transaction costs and enables speeds up to 100 times faster than Ethereum.
The project’s ecosystem is expanding steadily, featuring a decentralized exchange, bridging solutions, and boosted staking rewards. These new elements aim to broaden both functionality and visibility. The team has also introduced the ‘Pepe Friends with Benefits’ program to support developers in launching projects on this Layer 2 network, aiming to foster a diverse ecosystem of decentralized applications (dApps). Many in the community see this as a positive step for the meme coin sector.
DEX, Bridge, L2, Block Explorer. And that's not even Pepe's final form.
Lock In🚀 pic.twitter.com/KJYnXcMnCK
— Pepe Unchained (@pepe_unchained) October 25, 2024
The PEPU presale has already raised $22,571,563 toward its goal of $22,802,119, showing strong interest from the global crypto community. Early investors can buy tokens at an appealing $0.01178, making this an attractive entry point.
Pepe Unchained stands out with its impressive range of features. It offers instant bridging between Ethereum and its own Pepe Chain network, along with a specialized block explorer to improve transaction tracking. Despite market ups and downs, Pepe Unchained’s growth continues, with plans to secure strategic partnerships after its official launch.
4. Moo Deng (MOODENG)
Moo Deng, a Solana-based meme coin, takes inspiration from a viral pygmy hippo from a Thai zoo. This quirky connection has captured the crypto community’s attention, and Moo Deng’s price has jumped by 58.85% in the past 24 hours, now trading at $0.247. Trading volume has also risen by 60.44% to reach $526.26 million, reflecting growing interest.
In a recent announcement, Binance added Moo Deng to its Futures platform, launching the MOODENGUSDT Perpetual Contract with up to 75x leverage on October 25, 2024. Binance noted that this addition expands the trading options on Binance Futures, aiming to improve users’ trading experience.
Since the Binance listing, Moo Deng’s price has surged over 160%, pushing its market cap up by 58.85% in just one day to nearly $245 million. This Solana-based meme coin’s rise reflects both its viral backstory and a strong, enthusiastic response from the crypto community.
MOODENG’s technical indicators are showing promising signs. The MACD has a bullish crossover, with the MACD line above the signal line, and a positive histogram reflects growing upward momentum. Moreover, the RSI sits at 58.29, in a neutral zone, which means the price isn’t overbought or oversold. This leaves room for further gains without immediate risk of hitting overbought conditions.
Looking at possible price scenarios, if MOODENG breaks above the $0.466 resistance, it could climb toward $0.500 or even higher. However, if it doesn’t hold this level and drops below $0.1707 (its 50-day moving average), it may test the key support at $0.09041. A break below this support would indicate a bearish reversal. While indicators point to a potential upside, these resistance and support levels will guide the next major price move.
5. ConstitutionDAO (PEOPLE)
With the U.S. presidential election approaching, interest in PolitiFi tokens is rising, with Constitution DAO ($PEOPLE) leading as the largest token in this sector by market cap. Despite a red day across the crypto market, ConstitutionDAO has gained 2.85%, showing resilience against the broader market. Its 24-hour trading volume is also up, with CoinMarketCap reporting $381.90 million in volume—a 397.96% increase today.
ConstitutionDAO initially launched in 2021, aiming to buy an original copy of the U.S. Constitution. Although it raised $47 million, the DAO couldn’t complete the purchase due to the additional costs of insuring, storing, and transporting the document. Following this, the DAO disbanded and offered refunds, but the $PEOPLE token has remained active, finding new community-driven use cases.
Currently, $PEOPLE trades at $0.08295, up 2.85% today and 11.57% for the month, although it has dipped 0.46% this week. The token is trading above trendline support and has started setting higher highs after breaking past a trendline resistance. This follows a retracement since August, with its recent rally signaling a potential bullish momentum shift.
Our technical analysis indicates that ConstitutionDAO ($PEOPLE) could see a near 2x gain, aiming for $0.16 in the coming weeks if it maintains trendline support. However, a drop below this support level might trigger a downward move, potentially dipping to $0.05.
Additionally, one TradingView analyst notes that $PEOPLE is trading within a bullish rising channel. On the 4-hour chart, the analyst identifies a convergence of five indicators, suggesting that $PEOPLE has likely “bottomed out” and could begin a climb toward its local highs. If this momentum continues, the next leg up could take ConstitutionDAO to approximately $0.10.
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