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Cryptocurrency prices have been fluctuating for a while, and the overall feeling in the market is bearish. Bitcoin (BTC) has managed to surge past $60K, while Ethereum (ETH) has managed to stabilize above $2,500.
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. Dogecoin (DOGE)
Dogecoin (DOGE) is showing signs of recovery, with a 3.3% price increase in the past 24 hours and a 19.05% rise over the week. This growth can be linked to several positive factors, including large purchases by market “whales.” A recent transaction involving 1.4 billion DOGE coins, worth about $140 million, has grabbed attention and could spark renewed bullish momentum for the popular meme cryptocurrency.
These “whales” are making a strong return to the market, and their large-scale activity is raising hopes for a new rally. A significant analysis by Ali Martinez revealed that this massive transaction took place within just 72 hours, showing increased interest from major players.
The first $DOGE purchase at University
Sports Grill just happened last night! 🥳#Dogecoin adoption is happening now! 🌎🐕 pic.twitter.com/hfww2eKhdd— DogeExpress (@ExpressDoge) September 10, 2024
Dogecoin’s fundamentals look solid and are supported by these large transactions. The memecoin has not only surged by 14% in a week but also broke through important technical resistance levels, including an RSI (Relative Strength Index) breakout.
The Supertrend indicator is also flashing clear buy signals, confirming the growing interest from investors. Additionally, Dogecoin miners are contributing to this bullish trend, which could lead to even greater growth in the near future. This renewed momentum is making Dogecoin a coin to watch in the crypto space.
2. FTX Token (FTT)
FTX Token (FTT) saw a notable surge today, rising over 15% in the past 24 hours. This jump follows growing rumors that the bankrupt exchange, FTX, could soon start repaying its creditors. A well-known crypto influencer, @CryptoRover, fueled the speculation by tweeting that FTX might begin its $16 billion repayment process as early as tomorrow. If true, this would mark a major step in the recovery after FTX’s collapse.
The price rally also confirmed a breakout from a falling wedge pattern on the 3-day chart. Technical analysts have set an upside target of $4.00 for FTT, which could represent a 105.13% gain from its current price of $1.95. This breakout indicates strong bullish momentum.
FTT was trading at $1.406 yesterday, with a trade volume of $8.45 million over 24 hours. The token has seen a 39.49% increase in the past day, with a market cap of $642.26 million. Investors can buy FTT on exchanges like Binance, Kraken, and KuCoin.
Some analysts predict a midterm rally, with a price target of $4.00. The FTT/USDT daily chart shows a series of lower highs and lower lows, signaling a bearish trend. However, the current price of $1.95 is near a strong support level, which has consistently prevented further drops. This makes it an interesting point for investors to watch.
3. Pepe Unchained (PEPU)
Pepe Unchained ($PEPU) is gaining attention after raising over $16.2 million in its fundraising efforts, surpassing its $14 million goal. As the project marks its three-month anniversary, it is showing strong potential, similar to $NEIRO after its ICO. If $PEPU gets listed on Binance’s spot market, its current price of $0.00988 could be an attractive opportunity for investors looking for significant returns.
Boom! $16M raised!
Pepe Unchained keeps smashing records, and we’re not slowing down! 🌊 pic.twitter.com/Qtkw0w0n85
— Pepe Unchained (@pepe_unchained) September 28, 2024
In 2024, meme coins have made a huge impact, with the market cap reaching over $60 billion. While many meme coins lack utility, Pepe Unchained stands out with its blockchain, leading the new wave of meme tokens. As a Pepe-themed coin, $PEPU carries a special appeal. The popular figure Contessoto, known as the SlumDOGE Millionaire on X, believes that $PEPU could capitalize on the Pepe narrative into 2025.
The success of Pepe Unchained’s presale is largely thanks to its rapidly growing community. Since launching its ICO in June, the project has attracted around 15,400 new followers daily on X, bringing it closer to the 45,000 followers of its predecessor, Pepe ($PEPE).
Pepe Unchained also offers a Layer 2 solution on Ethereum, reducing gas fees and increasing transaction speeds up to 100 times faster. This innovation opens up opportunities for new tokens with Pepe’s meme charm. However, for those interested in investing, the price of $PEPU will rise to $0.00988 in less than two days as the next funding round begins.
Visit the Pepe Unchained Presale
4. Flare (FLR)
Flare has introduced an upgrade to its data system with the launch of Flare Time Series Oracle version 2 (FTSOv2) on its mainnet. This new version builds on the success of the first (FTSOv1), which has provided reliable and decentralized data feeds for the past two years without any failures or downtime.
FTSOv2 is now fully integrated into Flare’s core network, using the full security of the blockchain. This ensures that the data feeds are just as secure as the network itself. One key improvement in this update is lower latency, meaning faster data delivery.
Additionally, FTSOv2 updates with each new block, which happens about every 1.8 seconds. This means users and developers can access more timely and accurate information, which is important for many applications.
“Minting and redeeming FXRP feel like wrapping and unwrapping FLR — very smooth and easy,” says a community member.
Try it for yourself: https://t.co/AM4i9nsXjY
Watch the video for a quick walkthrough 👇 pic.twitter.com/FDkzZBpW9R
— Flare ☀️ (@FlareNetworks) September 29, 2024
These performance boosts do not sacrifice decentralization. Along with the technical improvements, Flare’s native token, FLR, has seen a 5.67% increase in the last 24 hours and is now priced at $0.01639.
Flare has also advanced in cross-chain security by integrating Polyhedra’s zkBridge, a leading cross-chain protocol. Announced on August 27, 2024, this integration allows developers to create more secure cross-chain dApps using zero-knowledge proofs, further enhancing Flare’s capabilities.
5. Golem (GLM)
Golem Network, an open-source, decentralized computing platform, is building an ecosystem designed to support the AI industry. It acts as a peer-to-peer marketplace where users can exchange GLM tokens for unused computing power.
By dividing tasks into smaller subtasks, Golem allows for efficient parallel processing, which helps speed up complex computations. GLM tokens power this marketplace, with requestors using GLM to have their tasks processed while providers earn GLM by completing those tasks.
In late August, Golem made news by deciding to solo stake Ethereum ($ETH), a move aimed at accelerating its growth and development. This step has contributed to a 30.54% growth in the past month, with GLM’s price increasing by 7.52% in the last 24 hours, reaching $0.373.
As part of our staking tests, together with the Web3 Pi project, we've been exploring the @Raspberry_Pi 5 for @ethereum solo staking.
Initially, we assumed the device would only be suitable for a small number of validators, but the results exceeded our expectations. 🚀👇 (1/5) pic.twitter.com/8WXasZk4ua
— Golem Network (@golemproject) September 13, 2024
GLM benefits from strong liquidity, with a volume-to-market cap ratio of 0.2178. Its 14-day RSI stands at 60.10, indicating neutral trading conditions. Over the last 30 days, GLM has seen 18 green days (60%) with low volatility of 7%, showing stability amid recent developments.
Looking at its long-term performance, GLM is trading 72.95% above its 200-day simple moving average, which is $0.216096. The token has surged by 106% over the past year, outperforming 56% of the top 100 crypto assets. These numbers suggest that Golem is not only performing well in the short term but is also showing strong long-term potential.
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