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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 $70K and above, and Ethereum (ETH) is striving to stabilize at $3,200.
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. Quant (QNT)
Quant is gaining momentum as a potential breakout in the best crypto coin presale of 2024. With its innovative technology and strategic market presence, this crypto project is capturing the interest of investors and crypto enthusiasts. It stands out due to its advanced technology aimed at solving interoperability issues in the blockchain world.
Firstly, Quant’s Overledger technology allows different blockchains to communicate seamlessly, solving a major problem in the industry. This innovation enhances functionality and efficiency, making Quant a robust and reliable platform. Moreover, its growing community of developers and investors is a testament to its potential. This support is crucial for the project’s success, driving innovation and adoption. As more people recognize Quant’s capabilities, its presence in the best crypto coin presale of 2024 continues to strengthen.
Recently, the token consistently formed lower highs and lows, indicating increasing bearish strength. However, the recent rebound, driven by a surge in buying pressure, suggests a potential trend reversal. Additionally, the MACD showed a bullish crossover with a 12.87% increase in buying volume. Consequently, the QNT price is likely to break out of its consolidation. If it maintains levels, the local resistance at the start of Q3 could be very bullish, potentially pushing the rally to higher targets.
2. Aave (AAVE)
Aave launched in 2020 and quickly became one of the best cryptocurrencies to invest in. Two years later, the $AAVE token reached an all-time high of $667. Since then, AAVE has had ups and downs but recently found a positive direction with a new governance proposal.
Similar to Rollblock’s revenue sharing and buyback model, the AAVE proposal has attracted many investors. They are eager to share a potential annual revenue of $60 million. Since the announcement, AAVE’s price has risen to $114.57, and analysts predict it could reach $130 mid-term.
According to Lookonchain, a cryptocurrency on-chain monitoring service, whales have significantly increased their focus on AAVE and other altcoins. These large investors have accumulated $6.47 million worth of AAVE tokens in the last two days.
Aave V3.1 is now live on all networks with active Aave V3 instances.
Developed and upgraded by @bgdlabs and approved by the Aave DAO, the V3.1 enhancements improve the protocol’s overall security, operational efficiency, and usability.
— Aave Labs (@aave) July 31, 2024
Lookonchain highlighted that a prominent whale with the address 0x9af4 collected 11,185 AAVE tokens worth $1.23 million on Binance 18 hours ago. Due to buy-side pressure from these whales, AAVE’s price surged by more than 7% in the past 24 hours. The token trades around $114, having jumped more than 32% in the past week. Moreover, AAVE’s price increased by over 8% after founder Marc Zeller announced a fee switch proposal to adopt a buyback program for AAVE tokens.
3. Pepe Unchained (PEPU)
Pepe Unchained is a revolutionary variation of the popular Pepe meme coin. PEPU breaks free from Layer 1 limitations by using Layer 2 blockchain technology, which greatly benefits its community with a faster and more rewarding future.
Pepe’s facing his toughest opponent yet… himself! 🔫🐸 pic.twitter.com/NJGXkWOh2N
— Pepe Unchained (@pepe_unchained) July 31, 2024
Layer 1 blockchains often struggle with congestion, leading to slow transactions and high fees. However, Pepe Unchained addresses these issues by processing the main Ethereum chain transactions. This secondary layer greatly improves scalability, speed, and efficiency. Consequently, it allows for a higher volume of transactions at a lower cost.
Pepe Unchained ($PEPU) has achieved a major milestone in its presale, raising over $6.7 million. It is now preparing to make a big impact in August. This new level of Pepe meme coin, with its Layer 2 on Ethereum, recently had an impressive weekend of presale activity. During this time, a significant investor, often called a whale, bought nearly $200,000 worth of $PEPU.
Since Friday, July 26, Pepe Unchained has gathered over $1,000,000 and is on track to surpass $7 million soon. You can now buy $PEPU at just $0.0088044 per token, but this price will increase in less than 15 hours. At these prices, $PEPU is still a bargain. The excitement is just a preview of the massive investor interest expected once it hits major exchanges.
One of Pepe Unchained’s most exciting features is its double staking rewards. By utilizing Layer 2 technology, the project offers its community significantly higher $PEPU staking rewards. This means more gains for holders, as the reduced operational costs translate directly into increased benefits.
4. Toncoin (TON)
Toncoin (TON) saw an increase in today’s trading session, reflected in its price movements. Analysis indicates that Toncoin’s price follows an upward trend within the Pitchfork channel. At the time of writing, Toncoin is trading at $6.84, marking a 4.32% rise over the past seven days.
Since early June, Toncoin (TON) has surpassed Ethereum (ETH) in daily unique addresses and transactions. On June 3, Toncoin reached a year-to-date high of 568,300 unique addresses, 62% higher than Ethereum’s 351,400. Furthermore, since March 12, Toncoin has consistently seen more daily transactions than Ethereum, reaching a peak of 9 million transactions on May 17.
Moreover, the rise in popularity is due to Telegram’s 900 million users. People are now comparing Toncoin and Ethereum more often. This positive trend and a high profit-to-loss transaction ratio show increased market activity for the token. Analysts predict a bullish trend might continue, with expectations that TON could soon reach double-digit values.
📚💎 TON Learn #1: TON Staking Explained 💎📚
Discover what is staking, the advantages of staking on #TON, how to start, and more! ⬇️https://t.co/cTh44JnlSZ
— TON 💎 (@ton_blockchain) July 31, 2024
The market remains hopeful as Toncoin surpasses Ethereum in critical metrics. Detailed analysis by industry experts suggests significant growth ahead. The network’s innovative features and strategic partnerships set the stage for a promising future in the crypto world as Toncoin continues to outshine Ethereum in user engagement and market confidence.
5. Curve DAO Token (CRV)
Curve DAO Token (CRV) is currently trading at $0.2819 with a market capitalization of $334.12 million. Over the last 24 hours, the price of CRV has grown by 10.77%, positioning it at 151 in the ranking among all cryptocurrencies. Moreover, the daily trading volume has increased by 90.3%, reaching $149,467,949.
Firstly, CRV introduces many technological innovations. These include efficient stablecoin liquidity provision and an automated market maker (AMM) designed specifically for stablecoins and low-slippage swaps. It offers an optimized bonding curve, allowing users to trade between assets with very low slippage, even with large trades. This addresses the market’s need for a reliable and efficient decentralized platform for trading and liquidity for stablecoins, enhancing CRV’s competitive positioning.
Furthermore, CRV has established strategic partnerships with key industry players, such as Yearn.finance. This decentralized finance (DeFi) platform helps farming strategies and has created the yCRV vault, allowing users to deposit CRV and earn profits. Its association with Ren Protocol and Zapper further increases its footprint in the DeFi space. These collaborations expand its ecosystem, boost its influence, and support its wider adoption.
The average price of CRV is forecasted to be around $30 in 2025. The increasing demand and adoption of cryptocurrencies, boosted by the introduction of Ethereum ETFs, will contribute to its value growth. The estimated highest price of $40 assumes that the regulatory environment continues progressing favorably and the technology sector experiences significant growth.
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