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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 above $71K but still hasn’t closed in on its all-time high of 73,620k. Meanwhile, Ethereum (ETH) is currently striving to stabilize above $2,600.
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. Ponke (PONKE)
PONKE, a digital asset on the Solana network, offers a unique tokenomics model with a total supply of 555 million tokens. It is designed for online traders and gaming enthusiasts, aiming to provide a smooth and enjoyable experience for users in these spaces. Its integration into major crypto exchanges has boosted its accessibility to a wider audience.
On July 17, 2024, PONKE reached a new all-time high of $0.6591, marking its second major rally. This strong performance came despite a sluggish market, contributing to its rise. Since then, the token’s price has fluctuated, currently consolidating at $0.5178. Over the last 24 hours, it surged by 20.21%, and in the past week, it has seen a 25.09% increase.
Ponke has quickly reached impressive milestones. It is now listed on major exchanges like ByBit, KuCoin, Gate.io, and BitMart and has drawn attention from top crypto influencers and analysts. The upcoming launch of PonkeSwap, its decentralized exchange, promises various benefits, including low fees, efficient trading pairs, staking-based liquidity, and token governance. The team is also working to add cross-chain compatibility to boost the protocol’s value.
$PONKE ARMY IS THE OG OF OG’S!
BEEN THROUGH IT ALL, SEEN IT ALL.
YOU CANT REPLICATE A COMMUNITY LIKE THIS EVEN IF YOU TRIED, ITS EARNED THROUGH BLOOD, SWEAT, TEARS AND GRIT! BILLIONS 🫡
🐒🪖@ponkesol pic.twitter.com/ayCsoQvum1
— ///Steki.eth 🧲 (@stekisteks) October 30, 2024
The Ponke team aims to build a sustainable and innovative DeFi ecosystem on Solana. Their vision extends beyond meme culture, focusing on expanding Ponke’s use cases, integrating cross-chain features, and growing a strong community. By leveraging Ponke’s unique features, the team hopes to attract users from other DeFi protocols. With the launch of PonkeSwap and future developments on the horizon, Ponke seems well-positioned for growth and success in the competitive DeFi market.
2. PolySwarm (NCT)
PolySwarm (NCT) has seen a significant surge, rising 24.54% in the past 24 hours. Its volume-to-market cap ratio of 0.3465 highlights strong liquidity, attracting attention from investors. This interest is largely due to PolySwarm’s unique role in the expanding cybersecurity space.
PolySwarm is a crowdsourced marketplace for threat intelligence designed to improve the detection and response to new cyber threats. Traditional solutions often overlook these emerging threats. The platform encourages innovation by allowing commercial and specialized detection engines to compete for rewards based on their effectiveness in identifying threats.
Security is a top priority for PolySwarm, which uses a bug bounty program and regular audits to ensure reliability. By connecting global security experts, PolySwarm fosters competition and introduces more advanced threat detection methods, offering an edge over traditional approaches.
PolySwarm shows strong long-term performance, trading 127.71% above its 200-day simple moving average. Over the past year, its price has increased by 177%, outperforming 75% of the top 100 cryptocurrencies. However, with a 14-day RSI of 73.74, a pullback might be on the horizon as the token appears to be in overbought territory.
Still, the sentiment around NCT remains bullish. The Fear & Greed Index sits at 69 (Greed), indicating an uptick in token transactions. This points to growing optimism for a continued uptrend, making PolySwarm a project to watch.
3. Pepe Unchained (PEPU)
Pepe Unchained is a new meme coin that has successfully raised over $23.5 million and is gearing up for a potential price hike. Investors interested in the $PEPU token can check out a guide on how to buy it. Built as a layer-2 ecosystem, Pepe Unchained includes a decentralized exchange (DEX), bridge, block explorer, developer grants, and attractive staking rewards. Its Pepe Chain aims to address Ethereum’s scalability issues.
We are FLOORED by the support for Pepe Unchained!
$23M is a huge achievement. We're building the future of meme coins, and can't do it without our incredible community. pic.twitter.com/Gvr01DV3TS
— Pepe Unchained (@pepe_unchained) October 28, 2024
The team behind Pepe Unchained promises smoother meme coin trading with faster transaction speeds—up to 100 times quicker than Ethereum—and lower gas fees. Pepe Chain’s compatibility with Ethereum allows for seamless asset transfers between networks, merging the best of both ecosystems. In addition to its layer-2 ambitions, the project’s presale and ecosystem expansion are also underway.
To foster growth, Pepe Unchained has launched a developer grant program, ‘Frens with Benefits,’ to encourage dApp development on its chain. This initiative could attract new talent, leading to innovative additions in the decentralized application space.
Pepe Unchained offers a fixed supply of 8 billion tokens, appealing to investors who seek stability and a non-inflationary asset. With staking rewards currently at 99% APY, the project is attracting even more attention and gaining popularity on social media.
Security is a top priority for Pepe Unchained. Audits by Coinsult and SolidProof confirm the smart contract’s protection against vulnerabilities, adding a layer of transparency rarely seen in meme coin projects. For those looking for high-potential investments, Pepe Unchained provides an appealing option with a strong ecosystem designed to support trading, staking, and robust utility.
Visit the Pepe Unchained Presale
4. Kaia (KAIA)
Kaia is a high-performance public blockchain that brings Web3 to millions across Asia. It was formed through the merger of the Klaytn and Finschia blockchains, originally developed by Kakao and LINE. Kaia is now the largest Web3 ecosystem in Asia, integrated with the popular Kakaotalk and LINE messengers, giving over 250 million users easy access to Web3 in their favorite apps. With Kaia, users can connect, create, collaborate, and contribute to the Web3 ecosystem effortlessly.
Currently, Kaia’s price stands at $0.877799, marking a 7.43% increase in the last 24 hours. Its market cap has risen slightly to $790.15 million, with a surge in 24-hour trading volume, reaching $28.17 million, a massive 13,461.47% increase. The token reached an all-time high of $0.147526 on October 30, 2024, while its lowest price was recorded on October 29, 2024, at $0.121346.
Kaia Portal v1.2 launches with major UI/UX upgrades and exciting new Missions! 🆙
Earn more points by providing liquidity to Kaia DEXes, now from a wider range of Pools. The more you supply, the bigger your rewards.💧
More on #KaiaPortal 🧵⬇️ pic.twitter.com/d8jXvPKYVj
— Kaia (prev. Klaytn & Finschia) (@KaiaChain) October 30, 2024
Kaia has a strong foundation and a supportive community, giving it the potential for future growth. If the project forms partnerships with other networks, Kaia’s price could climb as high as $0.5364 by the end of 2024. Assuming the current bullish trend continues, it’s expected that Kaia’s average price will remain around $0.20 by the end of November.
Recently, the Kaia Foundation announced a partnership with CARV, a leader in identity and data infrastructure. According to Kaia’s Medium blog, this collaboration will focus on enhancing identity verification, data ownership, and privacy protection, especially for users in AI and gaming platforms.
5. Chintai (CHEX)
Chintai is gaining attention in finance by making financial opportunities accessible to all. It provides various services, such as tokenization, a marketplace, and compliance infrastructure, establishing itself as a significant force in the blockchain space.
A notable feature of Chintai is its pilot project on carbon credits, highlighting its dedication to sustainability. Through blockchain, Chintai brings real-world assets into a digital framework, enhancing transparency and efficiency in asset management. Its partnership with Coinbase adds credibility and reflects Chintai’s ambitious vision for the future.
As tokenization revolutionizes finance by bringing #RWAs on-chain and opening a market worth hundreds of trillions, we at @ChintaiNexus are leading the transformation by enabling participants to leverage blockchain’s transparency, efficiency, and liquidity benefits – all powered… pic.twitter.com/0R8JrW3Bo7
— Chintai Nexus (@ChintaiNexus) October 29, 2024
The CHEX token is currently priced at $0.3236, reflecting a slight 0.63% gain in the past 24 hours. Its market cap has also risen by 0.53%, reaching $315.39 million. However, CHEX’s trading volume has seen a 60.70% decline, now at $1.19 million.
Despite this drop in volume, CHEX has solid fundamentals and strong community backing, which suggest the potential for further growth. If the project forms new partnerships, its price could exceed $1.52. With a bullish market trend, CHEX’s average price might reach $2.19 by 2024. On the other hand, a downturn could bring the price as low as $0.09763.
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