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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. Near Protocol (NEAR)
NEAR Protocol (NEAR) offers a platform that is easy for developers and users, making it a popular choice for building decentralized applications. Currently priced at $4.84, NEAR has risen by 8.76% in the past 24 hours and holds a market cap of $5.49 billion, placing it at #18 in market capitalization rankings.
NEAR focuses on scalability and ease of use, attracting developers looking for alternatives to more congested networks. As the demand for decentralized applications grows, NEAR has the potential for steady, long-term growth, unlike tokens that experience rapid but short-lived spikes.
One of NEAR Protocol’s standout features is its sharding technology and low transaction fees, which address some of the major challenges in blockchain today. This innovative solution makes NEAR a strong candidate for future growth as more industries adopt blockchain technology.
Last week, turmoil overcame the NEAR Protocol X account.
To build a truly user-owned internet, a world where AI works for you, it's necessary to hear arguments from all sides.
Today, @Got_HiJacked has his say.
To be continued. pic.twitter.com/l202kFkPbj
— NEAR Protocol (@NEARProtocol) September 15, 2024
Compared to Ethereum, NEAR offers a faster and more scalable option with lower transaction fees. Sharding plays a crucial role in this efficiency. It’s like opening more cashier lanes in a busy supermarket to reduce waiting times—sharding helps minimize network congestion, making NEAR a more efficient alternative.
2. Celsius (CEL)
CEL, Celsius Network’s cryptocurrency, has experienced a strong surge since May, drawing the attention of crypto investors. Along with increased buying interest in the market, CEL peaked at $1.66, its highest in 20 months. This rise started with a major reversal pattern and was supported by a significant increase in futures open interest, pointing to a promising recovery and potential for further growth.
The daily chart shows that CEL went through a sideways trend from March 2023 to April 2024. Low investor activity kept CEL’s price below $0.42, possibly due to the Chapter 11 bankruptcy filed in the Southern District of New York. However, on January 31, 2024, Celsius Network LLC announced it had emerged from bankruptcy following its reorganization plan.
With renewed investor confidence, CEL bounced back from its low of $0.114 in May, surging by 1,360% to $1.67. During this uptrend, buyers managed to push past the $0.42 resistance level, signaling an end to the 20-month accumulation phase.
Additionally, as reported by Coinglass, futures open interest sharply rose. Open interest grew from $850.96K to $11.23 million, showing increased trading activity and market leverage. CEL has also risen by over 50% in just 24 hours, bringing the price to $0.4958, suggesting traders are preparing for more price action in the near future.
3. Memebet Token (MEMEBET)
Memebet Casino ($MEMEBET) is gaining popularity with its unique betting platform, which was built on Telegram and focused on using meme coins. The platform has already raised over $270,000 in its early stages, catching the attention of crypto enthusiasts. Memebet offers high-stakes betting, a global sportsbook featuring leagues like the EPL and NBA, and a variety of crypto-based games. This focus on the crypto community, often called “degens,” has contributed to its growing appeal.
The $MEMEBET token launched its ICO at $0.025, with early investors able to claim their tokens immediately. As the project moves into its second round of funding, the token price is expected to rise slightly above $0.0253 in just a couple of days. This gives early investors a chance to buy in at a lower price before demand increases with the full launch of the casino. The $MEMEBET token is a key part of the casino’s ecosystem, offering players a unique gaming experience.
Meme coins like Dogecoin ($DOGE), Pepe ($PEPE), Shiba Inu ($SHIB), and Floki ($FLOKI) are accepted for bets, but $MEMEBET remains the primary token, enhancing the overall experience. Investors interested in the presale should act quickly, as 400 million $MEMEBET tokens are set aside for airdrops.
High rollers holding large amounts of $MEMEBET or wagering the most meme coins will receive VIP bonuses. These bonuses offer entry into the exclusive Degen VIP community, where members gain special perks and access to high-stakes tables. This feature could help Memebet become a top high-roller casino this year.
Visit the Memebet Token Presale
4. The Graph (GRT)
The Graph is gaining attention for offering competitive and cost-efficient access to decentralized data. With 99.99% uptime and round-the-clock availability, it stands out for reliability. At the heart of The Graph’s system are subgraphs, which are APIs that help organize and serve blockchain data to developers and users. The network features over 100 indexer nodes, has processed 1.23 trillion queries, and supports over 70,000 projects. The GRT token is key in incentivizing participants to organize and provide data efficiently.
Recently, the price of GRT has shown strong bullish momentum, rising by 118.54% in trading volume over 24 hours to reach $72.66 million. GRT’s price has increased by 8.38% in the past day and 24.43% over the last week, bringing it to $0.1737. The token is testing resistance levels, and traders anticipate a potential breakout.
Analysts like Trader World of Charts suggest that if GRT breaks above resistance, it could rise to $0.50. Similarly, Alice Crypto notes that GRT has recently broken out of a Falling Wedge Pattern, signaling a possible 70% gain soon.
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⏰ Hackathon: 28 Sept – 3… pic.twitter.com/DwBRpfmOT8— The Graph | India (@TheGraphIndia) September 20, 2024
Moreover, the technical indicator MACD indicates increased buying pressure, while the moving averages show a bullish pattern. These signs suggest that GRT could continue to rise, potentially testing the $0.2550 resistance level by the weekend.
5. Worldcoin (WLD)
Worldcoin (WLD) has recently shown mixed results in the market. Currently priced at $1.70, it saw a 7.28% rise in the last 24 hours, reversing earlier downward trends and attracting renewed interest from traders.
Worldcoin’s market cap has also grown by 8.78%, reaching around $785.7 million, positioning it at #78 on CoinMarketCap. In addition, its trading volume has surged by 98.76%, reaching $185 million. This sharp increase in volume and price suggests strong market activity, likely driven by positive news or a shift in investor confidence.
With a volume-to-market cap ratio of 0.91%, Worldcoin is experiencing high trading activity. This shows that the market is active and liquid enough to handle large trades without major price swings.
Worldcoin is now focused on maintaining its upward momentum and breaking the $1.75 resistance level. If it manages to do so, the next target could be the $2.00 mark, a key psychological milestone. However, if it loses steam and drops below $1.60, it might test support levels around $1.50.
Introducing Face Auth, even more security for your World ID 🫡 pic.twitter.com/3OJ4s7lABp
— Worldcoin (@worldcoin) September 19, 2024
In other news, Worldcoin is making progress with its identity verification system, introducing World ID 2.0. This “digital passport” now integrates with platforms like Reddit, Telegram, and Mercado Libre, making logins easier and enhancing security for users across these platforms.
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