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Cryptocurrency prices have fluctuated for a while, and the overall feeling in the market is bearish. Bitcoin (BTC) is struggling to stabilize at $60K and above, and Ethereum (ETH) is striving to stabilize at $2,600.
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. Oasys (OAS)
Oasys is a game-specific blockchain that stands out using technology that handles high transaction volumes without crashing nodes. At the time of writing, the OAS weekly chart showed a price increase of 29.30%. Meanwhile, the daily trading volume had risen by 136.95% in 24 hours.
According to current predictions, the value of Oasys could increase by 264.30%, potentially reaching $0.14 by the end of 2025. While all technical indicators suggest a bearish sentiment, with the Fear & Greed Index showing extreme fear at 23.53, there are mixed signals about Oasys’s future price.
#Web3 is the next phase of the Internet and #gaming is the driving force behind it 🎮💪#Oasys Director @RyoMatsubara3 joins a panel with other experts from @unicorns_bsc & @gemzfun to explore the intersection of gaming and Web3, and how #BlockchainGames are introducing more… pic.twitter.com/NIQEbOzInH
— Oasys | Blockchain for Games (@oasys_games) August 28, 2024
Over the past 30 days, Oasys has decreased by 6.90%, indicating a slight recovery might occur next month. The value could rise by the end of August, reaching around $0.0824. Some indicators show bearishness, and the Fear & Greed Index reads 30 (fear). Despite this, it may not be the right time to sell Oasys. Technical indicators suggest that the 200-day SMA will soon drop, and the price could hit $0.0700 by the end of December.
2. UMA (UMA)
UMA is focused on making global markets fairer and more accessible through decentralized financial contracts. Using Ethereum’s blockchain, UMA allows users to create financial derivatives like futures contracts and synthetic tokens.
What sets UMA apart is its unique oracle system. This system verifies data without requiring trust, which is crucial for industries like decentralized finance (DeFi) and Web3 applications. Unlike traditional oracles, UMA’s system relies on token holder votes to resolve disputes, enhancing its security and reliability.
At the core of UMA’s technology is the Optimistic Oracle, which operates on a “true unless disputed” mechanism. Unlike traditional oracles that offer immediate data finality, UMA’s Oracle allows human input to resolve disputes through token holder voting. This adds a layer of intelligence and flexibility, making it valuable for Web3 projects needing nuanced data validation. UMA also prioritizes security, with thorough audits conducted by OpenZeppelin.
UMA is the industry standard oracle for prediction markets. 🔮
Trusted by leading platforms including @Polymarket, our decentralized system is designed to verify real-world outcomes and settle prediction markets onchain. ✅ pic.twitter.com/kKWupZ0NYt
— UMA 🥚 (@UMAprotocol) August 27, 2024
In the last 24 hours, UMA’s price has risen by 1.42%, reaching $2.29. The token’s strong liquidity is evident from its market cap-to-volume ratio of 0.6572, suggesting growth potential. The 14-day RSI of 58.11 indicates a neutral trend, with the possibility of sideways trading. However, UMA’s 34.33% increase above its 200-day SMA demonstrates strong performance. Additionally, the 71.22% price growth over the past year highlights its bullish trend.
If regulatory and technological conditions are favorable, UMA’s average price could reach $55 by 2025, with potential peak prices around $75. This prediction considers the increased utility and mainstream acceptance of cryptocurrencies, potential positive impacts from the broader technology sector, and reduced inflation rates.
3. Pepe Unchained (PEPU)
Pepe Unchained is a new meme coin with its blockchain that is gaining attention as it surpasses $10.9 million in its presale. As the market recovers, many in the crypto community expect a significant price surge, especially with the coin’s official launch approaching.
The project is building a Layer-2 (L2) solution on the Ethereum blockchain, attracting substantial funding and community interest. With the presale nearing a sellout, investors are encouraged to secure their $PEPU tokens quickly. Although the exact launch date isn’t disclosed, speculation is growing, and the community eagerly awaits its debut on decentralized exchanges (DEXs). A successful launch could boost excitement further.
Pepe Unchained will alter the course of meme coins forever.
The whole world is starting to take notice.
$10 Million Raised.
This is a MONUMENTAL MILESTONE! Get ready for fireworks! pic.twitter.com/yrmU0WuvhV
— Pepe Unchained (@pepe_unchained) August 22, 2024
In just over two months, Pepe Unchained has outperformed many presale projects. Currently, $PEPU tokens are offered at a discounted rate of $0.0093477. The presale supports multiple payment methods, including $ETH, $USDT, $BNB, and bank cards. Out of the total 8 billion tokens, 20% are allocated for the presale, appealing to early investors. Another 30% is set aside for staking, encouraging community engagement and network security.
While embracing the meme coin concept, Pepe Unchained also focuses on technological innovations that make it a standout investment. Leveraging L2 technology overcomes the limitations of Layer-1, offering benefits like seamless integration with Ethereum, smooth transfers, and compatibility with decentralized applications (dApps).
4. Idex (IDEX)
Idex is the first hybrid liquidity DEX, combining an order book model with an automated market maker (AMM). This unique approach merges the performance of a traditional order book with the security and liquidity of an AMM. By integrating an off-chain trading engine with an on-chain trade settlement, Idex offers an innovative solution in decentralized exchanges.
Currently, IDEX is priced at $0.04986, reflecting a 28.06% increase in the last 24 hours. The market cap has also grown by 27.99%, with trading volume surging by 2646.36% in the same period. Despite trading 9.54% below the 200-day SMA of $0.054949, IDEX shows strong momentum. The token has seen 15 green days in the past 30 days, marking a 50% success rate.
The sentiment around IDEX is bullish, even though the Fear & Greed Index indicates a level of 30, reflecting fear. This suggests increased token transactions and growing optimism about a potential uptrend.
IDEX Mainnet is coming soon.
Starting today, Market Makers are officially onboarding to the production version of IDEX on Mainnet.
This is the final step before IDEX, the first Omnichain Perpetuals DEX, goes live.
Get ready to trade any way, anywhere.
Launch date soon. pic.twitter.com/ymeWWwFcrg
— IDEX 🐐 (@idexio) August 19, 2024
With solid fundamentals and support from a dedicated crypto community, IDEX has the potential to achieve significant growth. If the project announces collaborations with other networks, the price could soon surpass $0.1.
5. Popcat (SOL) (POPCAT)
POPCAT has seen an impressive rise of 82.86% in the last week, offering long-term investors an annual gain of 9,060%. With a market cap of $727.87 million, the altcoin ranks 89th and shows increasing buying pressure, as indicated by the MACD. If bullish sentiment continues, POPCAT’s price could reach $0.99730. However, a bearish market could drop it to $0.38805.
As a Solana-based meme coin, POPCAT (SOL) has achieved a remarkable year-to-date gain of 7,621.05%, reflecting growing interest in Solana’s ecosystem, especially in meme tokens. Over the past 24 hours, its price has jumped 12.70% with a trading volume of $119.28 million, despite a 9% drop in the last 30 days. The token still boasts a YTD return of 8,141.28%.
The MACD shows a decline in the red histogram, indicating increased price action for POPCAT. Meanwhile, the RSI indicates a bullish trend with a sharp rise in the price chart, suggesting a positive outlook for the memecoin.
If POPCAT (SOL) holds above its resistance level of $0.6625, bulls may push to test the $1 resistance this month. However, a bearish reversal could bring the price down to its support level of $0.330.
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