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Although cryptocurrency prices have been falling for a while, the overall feeling in the market remains positive. Recently, Bitcoin (BTC) has been struggling to get back to $60K and above, and Ethereum (ETH) is striving to get back above $3,000.
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. Aerodrome Finance (Aero)
Aerodrome Finance is becoming a major player in the base ecosystem. The platform offers decentralized financial services like lending, borrowing, and trading. Its wide range of financial products and strong community support have fueled its rapid growth. Aerodrome Finance will likely see increased adoption and usage as the base ecosystem continues gaining traction. This could make it one of the top cryptos to watch in 2024.
Today, the AERO price is $0.5943. It has increased by 28.04% in the last 24 hours. The market cap has grown by 28.03%, reaching $311,183,441. Currently, the sentiment for the AERO price prediction is bullish. However, the Fear & Greed Index scores 23, indicating fear. Despite fewer token transactions, optimism about an uptrend is growing.
Another Billion in Volume 🛫
Aerodrome reached $1.03 billion in volume during epoch 44, marking the 6th consecutive epoch over a billion. Slipstream contributed over 90% of this volume.
veAERO voters received $3.53 million in Total Rewards, with an average voting APR of 58.49%. pic.twitter.com/fFOgaCn38I
— Aerodrome (@AerodromeFi) July 5, 2024
AERO has solid fundamentals and a dedicated crypto community. Therefore, it has the potential to achieve great success in the future. If the AERO project announces collaborations with other networks, the coin’s price could exceed $1.52 by 2024. Additionally, if the current bullish trend in the crypto market continues, we expect the average price of AERO Coin to be around $3 next year. However, if the market declines, the price could drop to a minimum of $0.30 in 2024.
2. MAGA (TRUMP)
In the last 24 hours, the price of MAGA has risen by 7.07%, reaching $5.94 as of 10:40 a.m. EST. The trading volume fell 18.06% during this period to $7.34 million. Over the past year, the coin’s value has soared by 35,760.68%. Known for its political connections, the PoliFi coin gained significant attention and growth when Donald Trump endorsed cryptocurrency in March.
After a steep decline, the bulls are now striving to push the price above the 50-day and 200-day Simple Moving Averages (SMA). If they succeed, the cost could break through the bearish trendline, confirming a positive trend if the momentum continues.
MAGA’s success is linked to its ability to tap into a specific cultural and political market. MAGA has significantly increased its value by aligning with Donald Trump’s presidential slogan and garnering his support. This demonstrates that cultural relevance and community backing can produce substantial financial gains in the meme coin market.
Today we've donated $20,882 to National Veteran Homeless Support and Operation Underground Railroad. This is our 47th consecutive week of making donations now totaling 542.63 $ETH ($1,716,248 in USD).@nvhs @OURrescue pic.twitter.com/qVQ01GsTjO
— MAGA Memecoin (@MAGAMemecoin) July 5, 2024
The bulls aim to push MAGA to a new peak above its all-time high, potentially reaching $6.5 in the coming weeks. However, the price might face resistance, leading to a bearish reversal. In that case, the bears could drive the price down to the support zone at $4.
3. Pepe Unchained (PEPU)
The memecoin industry had a major moment with the Pepe memecoin in 2023. Since then, hundreds, possibly thousands, of projects have emerged inspired by it. However, Pepe Unchained claims to be more than just another copycat. It presents itself as an improved version of the original Pepe project.
Pepe Unchained creates an engaging story to explain its concept. In this tale, the Pepe mascot is depicted as a prisoner tied to an old, inefficient Layer 1 server room. Pepe plans to break free from these chains and establish a new chain called Pepe Unchained.
The Pepe Unchained presale started recently and has quickly gained traction. During the presale, Pepe Unchained’s native token, PEPU, is priced at $0.0082927 per token. So far, it has raised over $2.4 million toward its $2.7 million goal. Once this target is met, the price will rise gradually at each presale stage until PEPU is officially launched.
Pepe Unchained is designed as a Layer 2 solution to enhance the original Pepe project’s capabilities. Layer 2 is built on the Ethereum Network, allowing faster and cheaper transactions. This makes Pepe Unchained the first Pepe-themed token with its chain.
Pepe has broken his chains with his own layer 2 blockchain solution:
🧠 Instant bridging between ETH and Pepe Chain
🧠 Lowest transaction fees
🧠 100x faster transaction speeds compared to ETH
🧠 Dedicated Block ExplorerJoin the future with Pepe Unchained! ⛓️🐸 pic.twitter.com/hluCsuV1Xz
— Pepe Unchained (@pepe_unchained) July 1, 2024
Investors can buy PEPU using ETH, USDT, or BNB tokens. However, using BNB tokens does not provide staking returns. Additionally, buyers can purchase the crypto with bank cards, offering more flexibility.
4. Akash Network (AKT)
Akash Network continues to advance despite the ongoing volatility in the cryptocurrency market. Recent developments highlight the network’s efforts to remove barriers and improve accessibility for both users and developers. Notably, the Quasarch Cloud Platform has enabled 1-click deployments on Akash Network, eliminating the need for cryptocurrencies to interact with the platform and simplifying user access.
Moreover, Akash Network’s native token, AKT, has shown improved market performance. According to CoinMarketCap, the price of AKT is over $3.64, up 17.99% in the last 24 hours. This indicates a minor recovery, suggesting potential resistance amid the broader market downturn.
One of Akash Network’s latest achievements is its partnership with Coinbase Prime. This collaboration focuses on providing institutional-grade, secure custody for AKT tokens and facilitating on-chain staking. According to CNF, this partnership underscores Akash Network’s commitment to enhancing security and offering robust solutions for stakeholders.
Prime Intellect has integrated the Akash Supercloud into its new compute platform.
Now, AI developers can access high-performance GPUs from Akash's permissionless marketplace, including NVIDIA H100 as low as $1.65/hour, directly through @PrimeIntellect. https://t.co/YGlhsaphK2 pic.twitter.com/mcFjdSq5rD
— Akash Network (@akashnet_) July 1, 2024
Akash Network was a market favorite from mid-2022 until recently, experiencing a 30-fold increase from $0.20 in June 2022 to over $6 in March 2024. Despite a recent decline, the demand for powerful Nvidia chips like the H100 and A100, essential for AI applications and crypto protocols, remains strong. This demand supports Akash’s GPU marketplace, suggesting that the recent price drop might present a buying opportunity.
5. eCash (XEC)
eCash (XEC), previously known as BCHA, is a cryptocurrency created from a fork of Bitcoin Cash (BCH) by the Bitcoin ABC team. Using the Avalanche consensus protocol, eCash provides better security and almost instant transaction confirmations. The rebranding introduced a new name and display format but kept the main functions of the cryptocurrency intact.
With the Avalanche protocol, eCash greatly enhances blockchain security and ensures quick transaction confirmations. This protocol also supports easy future network upgrades, making eCash adaptable and future-ready. Additionally, eCash allows staking, enabling users to take part in network consensus and earn rewards. The platform also lets businesses and developers create custom tokens, called eTokens, for various applications.
Currently, eCash is trading at $0.00002971, showing a 9.35% increase over the past 24 hours. Despite a slight 6.38% decline over the last week, it has maintained an overall positive trend, with 20 out of the previous 30 trading days being positive. Since its launch, eCash has risen by 15.25%, outperforming many leading cryptocurrencies.
https://t.co/JNRtj6mcvI 𝗩𝗲𝗿𝘀𝗶𝗼𝗻 𝟭.𝟰.𝟬 𝗶𝘀 𝗵𝗲𝗿𝗲!
Key updates:
– User Profile panel containing your on-chain profile and tracking of your revenue earned on this app
– Set your NFTs as your avatar across Inbox, Townhall and Article spaces
– Fixed the grey/white… pic.twitter.com/eD9tOCAsDv— eCashChat (@ecashchat) July 1, 2024
Looking ahead to 2025, some analysts predict a bullish market driven by favorable regulatory and technology trends. Additionally, easing inflation and launching Ethereum ETFs may boost cryptocurrency adoption, positively affecting eCash. If the market remains bullish, the average price of eCash could reach around $1.15 next year, with a potential high of $1.50.
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