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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 $65,000, and Ethereum (ETH) has risen above $2,600, 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. ZetaChain (ZETA)
ZetaChain (ZETA) is among several cryptocurrencies approaching key token unlock events, which could lead to noticeable price changes. These unlocks might cause a supply increase, potentially resulting in price drops. ZetaChain, created by a co-founder of Basic Attention Token (BAT) and a former Coinbase team member, is an EVM-compatible asset.
As an L1 protocol, ZetaChain aims to enable cross-chain applications across different networks, including proof-of-work systems. The project is expanding its ecosystem and recently launched a decentralized exchange. Additionally, the team is testing a stablecoin backed by Bitcoin (BTC) reserves.
ZETA is currently priced at $0.7345, reflecting a strong 24.41% gain over the past week and a 4.75% rise in the last 24 hours. Over the past year, it has gained 33.80%, though it remains below its 200-day Simple Moving Average (SMA), signaling a bearish trend. Despite this, market sentiment is still optimistic, with a 42.82% increase in daily trading volume, indicating rising transactions and potential for growth.
At ZetaChain, our mission is to create Universal Apps that span all chains from native Bitcoin and Ethereum to Cosmos, Solana and beyond. Support for ZetaChain custody by Coinbase Prime is an important step in this direction. https://t.co/XWlvepKAG9
— ZetaChain (@zetablockchain) September 20, 2024
ZetaChain has demonstrated solid price movements both over the past day and month, providing confidence for investors seeking short- and long-term gains. Its focus on interoperability and security has built a loyal community, while its strong user support continues to attract more users.
2. Sushi (SUSHI)
SushiSwap has established itself as a key player in the Automated Market Maker (AMM) sector. The platform rewards liquidity providers with its SUSHI token, promoting a community-driven approach. Its yield farming products have attracted significant liquidity, making it popular among users.
On September 10, 2024, SushiSwap announced through X that it would delay the launch of its highly anticipated memecoin platform, Dojo, by one week. Originally scheduled for an earlier release, the new launch date is now September 17, 2024. This delay has generated excitement within the crypto community, as many are eager to see how Dojo will impact the memecoin space.
The new Token Selector on Sushi speeds up by loading less data, especially for first-timers. Enjoy faster searches and a more responsive swapping experience.
Start swapping: https://t.co/jQkGzAJaqk https://t.co/Z4qngeMoF2 pic.twitter.com/9e6RnlWZCq
— Sushi.com (@SushiSwap) September 27, 2024
Currently, SUSHI is priced at $0.9123, reflecting a 19.41% increase in the last 24 hours. Over the past year, its price has risen by 55%, and it is trading 3.42% above its 200-day Simple Moving Average (SMA) of $0.890746. The 14-day Relative Strength Index (RSI) sits at 42.12, indicating neutral market conditions.
In the last 30 days, SushiSwap has experienced 15 green days, with a volatility rate of 9%. With a market cap of $238.323 million and a 24-hour trading volume of $71.04 million, the platform continues to show strong liquidity, reflected in a volume-to-market cap ratio of 1.3576.
3. Memebet Token (MEMEBET)
Memebet Casino ($MEMEBET) is gaining traction with its innovative betting platform, which was built on Telegram and focused on using meme coins. In its early stages, Memebet has raised over $300K, attracting attention from the crypto community. The platform offers high-stakes betting, a global sportsbook featuring leagues like the EPL and NBA, along with various crypto-based games. This focus on catering to the crypto community, known as “degens,” has helped boost its popularity.
The $MEMEBET token launched its ICO at $0.0254, allowing early investors to claim their tokens right away. As the project enters its second round of funding, the token price is expected to rise slightly above $0.0254 within a few days. This offers early investors a chance to buy at a lower price before demand increases with the full launch of the casino. The $MEMEBET token plays a central role in the casino’s ecosystem, creating a unique gaming experience for users.
Meme coins such as Dogecoin ($DOGE), Pepe ($PEPE), Shiba Inu ($SHIB), and Floki ($FLOKI) are accepted for bets, but $MEMEBET is the primary token, enhancing the experience. For those interested in the presale, 400 million $MEMEBET tokens are available for airdrops.
High rollers who hold large amounts of $MEMEBET or wager the most meme coins will receive VIP bonuses. These bonuses offer entry into the exclusive Degen VIP community, providing special perks and access to high-stakes tables. This feature could position Memebet as a leading high-roller casino this year.
4. SKALE (SKL)
SKALE is currently trading at $0.04341, reflecting a 2.97% rise in the past 24 hours. As a modular blockchain network, SKALE is designed to improve Ethereum’s scalability by creating fast, gas-free blockchains tailored to specific applications. This setup allows developers to run Solidity smart contracts much faster, making it ideal for various projects like gaming and content streaming.
What’s driving this recent surge in SKALE? It’s the launch of the SKALE x Crossmint integration. This partnership simplifies blockchain adoption by enabling developers to build scalable, gas-free dApps easily. With this integration, developers can embed wallets, mint NFTs, and accept payments through credit cards or cryptocurrencies, offering a smooth user experience.
Superbooking AI streamlines appointment management with AI-powered automation.
Through its partnership with SKALE, the gas-free blockchain network, @SuperbookingAI will deliver a seamless, scalable, and secure booking experience for businesses and consumers alike. pic.twitter.com/ehfue0MrQX
— SKALE (@SkaleNetwork) September 26, 2024
SKALE also has strong liquidity, with a volume-to-market cap ratio of 0.5145. Though its 14-day Relative Strength Index (RSI) is at 73.58, indicating that SKL may be slightly overbought, its overall resilience is notable. The token has seen positive movement in 57% of the last 30 trading days, with low volatility at 8%.
Although SKALE is trading 44.38% below its 200-day simple moving average, it has risen by 98% in the past year, outperforming 56% of the top 100 cryptocurrencies. With its innovative solutions and steady growth, SKALE remains an intriguing investment in the evolving crypto market.
5. Optimism (OP)
Optimism (OP) is gaining attention for its support of Layer-3 solutions, which enhance the development of decentralized applications (dApps) on top of Layer-2 chains. This innovation contributes to the growth of the Optimism Superchain. The platform also introduces custom gas tokens and Plasma mode, both aimed at lowering onboarding and operational costs, making it more accessible for new users and developers.
Currently, Optimism is experiencing a bullish run. The cryptocurrency is trading at $1.89, marking a 2.31% increase in the last 24 hours. Earlier today, it started at $1.79 and steadily climbed to its current price. The technical chart shows that OP has been in an ascending channel over the past day, with bulls maintaining control and pushing the price upward.
The 1-day price analysis suggests that the market sentiment remains bullish as OP seeks to retrace back to the $1.85 level. With bulls driving the momentum, the uptrend will likely continue.
Though OP has surpassed key thresholds, trading volumes have not fully supported this rise. There has been a slight increase in trading activity, but frequent long liquidations have applied pressure to the pricing structure.
Despite these challenges, the relative strength index (RSI) signals growing momentum, suggesting OP has the potential to break through upcoming resistance levels. Traders are watching closely to see if OP can sustain its upward trend amidst a competitive market.
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