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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 risen above $60,000, and Ethereum (ETH) has risen above $2,500, providing some relief to investors.
However, identifying the next cryptocurrencies to explode is challenging 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 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. Reef (REEF)
Reef (REEF) has experienced a strong rally, reaching a high of $0.0048, its highest level since March 12. This makes it one of the top-performing altcoins this month, with a remarkable 670% increase from its lowest point. Its market capitalization now stands at over $102 million. Interestingly, Reef’s surge comes a month after Binance delisted it, suggesting the possibility of a short squeeze, with most of its trading happening on platforms like Gate.io and WhiteBIT.
Reef Chain offers attractive features, including native token bridges, recurring payments, and smart contract upgrades. It operates using a Nominated Proof-of-Stake (NPoS) mechanism, which ensures scalability and low fees while keeping the network secure. Additionally, Reef has the support of leading venture capital firms and powerful development tools like Remix, Reefscan, and Reef Wallet. These features make it appealing to both developers and investors.
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— Hydra Coin (@HydraCoinX) September 18, 2024
Currently, Reef is trading at $0.003443, reflecting a 9.16% increase in the last 24 hours. So far this year, Reef’s price has risen by 156.03%, outperforming 79% of the top 100 crypto assets. The token trades 140.57% above its 200-day simple moving average (SMA), with the SMA at $0.001793. Reef has recorded 21 out of 30 green trading days, showing a positive trend for 70% of this period.
With strong support at $0.0016, Reef’s next target could be $0.0033 soon. Technical indicators suggest a bullish sentiment, and Reef’s price is projected to rise by 226.85%, potentially reaching $0.007876 by mid-October. However, this performance will largely depend on the broader market, particularly Bitcoin’s stability, which often influences overall sentiment in the crypto space.
2. Jupiter (JUP)
Jupiter (JUP) has been trading between $0.69 and $0.78, showing steady resilience despite price fluctuations over the past six months. Recently, JUP experienced an 11.49% rise, reaching $0.8748, supported by the 10-day moving average. With increased buying pressure, the price could soon climb to $0.93, marking a potential 30% gain from its current levels. Though its recent performance has been mixed, JUP shows signs of strength and could see a breakout as the market recovers.
Moreover, Jupiter Exchange recently made significant moves at the 2024 Solana Breakpoint conference, announcing the acquisition of SolanaFM and Coinhall. Jupiter, one of the largest decentralized exchanges (DEX) on Solana, according to DappRadar data, is also set to launch its Jupiter Mobile app. This new app aims to onboard millions of users into the Solana ecosystem, boosting the platform’s market presence.
We're also proud to acquire @SolanaFM, a native Solana explorer who has been chewing glass for 3 years
No one better than an explorer to 10x our data and infrastructure capabilities.
We're excited to see what this team of chads can do! https://t.co/Sgh1nKyMo7
— Jupiter 🪐 (@JupiterExchange) September 20, 2024
Jupiter’s acquisition of Coinhall, a top aggregator on the Cosmos Chain, adds more value to its offerings. Coinhall will integrate its expertise in real-time infrastructure and cross-chain solutions into Jupiter’s products, enhancing its capabilities in the Solana DEX space.
Additionally, Jupiter is diversifying its services with features like Limit Orders, a Bridge Comparator, DCA/TWAP tools, and Perpetuals Trading. As Solana continues to rise, Jupiter is well-positioned for potential growth during the anticipated altcoin season. These developments could see Jupiter playing a significant role in future market trends, much like the positive cycles seen in 2021.
3. Membet Token (MEMEBET)
Memebet Casino ($MEMEBET) is gaining attention with its unique betting platform, built on Telegram and focused on using meme coins. It has already raised over $225,000 in its early stages, exciting crypto fans. The platform offers high-stakes options, a global sportsbook featuring leagues like the EPL and NBA, and a range of crypto-based games. This focus on crypto enthusiasts, or “degens,” has fueled its growing popularity.
The $MEMEBET token started its ICO at $0.025, and early investors can claim their tokens immediately. As the project enters its second round of funding, the token price is set to increase slightly above $0.0252 in the next two days. This allows early investors to buy in at a lower price before demand spikes with the full casino launch. The $MEMEBET token plays a crucial role in the casino’s ecosystem, offering a unique gaming experience for players.
While meme coins like Dogecoin ($DOGE), Pepe ($PEPE), Shiba Inu ($SHIB), and Floki ($FLOKI) are accepted for bets, $MEMEBET remains the primary token, enhancing the overall experience. Investors interested in the presale should act fast, as contributors can win part of the 400 million $MEMEBET tokens set aside for airdrops.
We were prepping for a weekend of absolute mayhem at the casino, the kind of wild ride where you don’t sleep, you just keep moving.
First stop: presale, no turning back now.
Buy now 👇 https://t.co/cY4p8PqXzg pic.twitter.com/FXExjVZbBW
— MemeBet (@Memebetcasino) September 12, 2024
High rollers who hold large amounts of $MEMEBET tokens or wager the most meme coins will receive VIP bonuses. These bonuses offer entry into the Degen VIP community, providing special perks and access to high-stakes tables. This feature could help Memebet become one of the top high-roller casinos this year.
Visit the Memebet Token Presale
4. Turbo (TURBO)
Turbo ($TURBO) has seen a significant price rise, jumping over 22% in the past 24 hours. Currently trading at around $0.00617, investors continue to buy in despite the recent increase. However, some technical indicators, like the Relative Strength Index (RSI), suggest a possible pullback, as they indicate the token might be entering overbought territory.
While some analysts are uncertain about the sustainability of this upward trend, the TURBO/USD pair on the 4-hour chart shows a rounded bottom pattern. This is a bullish reversal signal, suggesting that the market sentiment may shift from bearish to bullish. Two days ago, Turbo formed this rounded bottom between the $0.003500 and $0.004500 range, signaling the start of this potential rise.
🚀 $TURBO Demand 🚀
With a limited supply of 69 billion tokens, listings on over 70 exchanges, and wallet holders continuously growing, the clock is ticking. ⏳
Join us on this revolutionary journey as we transform our lives together! 💪#TurboToken #TurboRevolution pic.twitter.com/J7VewgDPx9
— Turbo 🐸 (@TurboToadToken) September 19, 2024
The RSI is 60.41, indicating that Turbo has not yet reached overbought conditions, typically at the 70 level. This suggests there’s room for further gains before the token becomes overbought. Having broken through previous resistance, the next target for Turbo is around $0.006500, where some resistance may appear.
Bulls are working to push the price higher, while bears are testing key support around $0.003. Over the past week, Turbo has risen by 73.33%; over the last month, it’s up 50.97%, showing resilience in a mixed market. If Turbo successfully breaks through resistance, it could surge another 34%, reaching $0.006. With favorable market conditions, Turbo has the potential for long-term growth, possibly reaching 50x returns.
5. Altlayer (ALT)
AltLayer is an open, decentralized protocol designed for rollups. It introduces an innovative concept called Restaked Rollups, which enhances security, decentralization, and interoperability for rollups from different stacks like OP Stack, Arbitrum Orbit, Polygon CDK, and ZK Stack. By leveraging a restaking mechanism, AltLayer ensures fast finality and improved crypto-economic security. The project has raised $22.8 million through two rounds of private token sales, with 18.50% of the total ALT token supply sold at $0.008 and $0.018 per token.
Currently, the price of ALT stands at $0.877799, marking a 13.20% increase in the last 24 hours. Its market cap has grown by the same percentage, reaching $252.77 million. The 24-hour trading volume has also surged by 214.60%, now at $159.37 million. The market sentiment for ALT is highly bullish, while the Fear & Greed Index shows a neutral rating of 54.
Although the Fear & Greed Index suggests potential sideways trading, the rise in trading volume indicates growing optimism and the possibility of an uptrend. This positive outlook could drive further growth in the token’s value.
#AltLayerRollupDay2024🇸🇬 edition is almost here . . .https://t.co/62L4TAoBak
Sneak peek:
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🥯 ☕ 🌭 All day + free-flowing! pic.twitter.com/CH5GWd1EJB— AltLayer (@alt_layer) September 19, 2024
Looking ahead, AltLayer holds strong potential. The price could surpass $1.52 by 2024 if it announces partnerships with other networks. In a continued bullish market, the average price of ALT might reach around $0.857 this year. However, if the market experiences a downturn, the cost could drop to a minimum of $0.08.
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