Join Our Telegram channel to stay up to date on breaking news coverage
The crypto market is notoriously bearish today. This has caused several coins to lose a chunk of their value. Investors should remain vigilant during this phase, as it presents an opportunity to buy these tokens cheaply.
Today’s article also examines the performance of cryptocurrencies that have shown considerable movements over the past 24 hours. The goal is to discover the next cryptocurrencies to explode and provide valuable insights to investors about each token. It offers an overview of market trends for crypto assets with the potential for significant future gains.
Next Cryptocurrency To Explode
Due to recent market dynamics, attention in the crypto market has shifted towards the altcoin and meme coin sectors. This market trend presents smart investors the opportunities to leverage these token’s high ROI. Investors can also seize this moment by considering new tokens such as Pepe Unchained. The layer 1 Platform tackles network congestion by processing transactions directly on the Ethereum mainne. This post provides details on its presale.
1. Sui (SUI)
Sui is a layer-1 blockchain developed to build large-scale dApp projects. It aims to provide a secure, scalable, and efficient environment for developers to build applications. The platform’s architecture is built on an object-focused data model of the Move programming language.
Furthermore, Sui distinguishes itself with features such as low-latency transactions and minimal fees. It supports high transaction throughput through horizontal scaling and enables parallel execution. These innovations address common inefficiencies found in traditional blockchain systems. As a result, the token has gained notable traction despite the oversaturated crypto market.
Recently, the SUI token experienced a 6% increase in value following a new launch. Grayscale introduced two new investment trusts: the Grayscale Sui Trust and the Grayscale Bittensor Trust. These trusts cater to accredited investors seeking to expand their cryptocurrency portfolios. The Grayscale Sui Trust, specifically, is dedicated exclusively to the SUI token.
Run, don’t walk!
Pre-Order your #SuiPlay0X1 now!
💧Happy #Suitember! https://t.co/yWYjr5wyZU https://t.co/CihKoTv9Y0
— Sui (@SuiNetwork) September 3, 2024
The Sui token is trading at $0.7839, reflecting a 62% increase year-to-date. It has also shown strong short-term potential. This is demonstrated by posting 24 green days in the past 30 days. Investor confidence in the project and its solutions is evident, indicating a bullish market sentiment. For investors seeking a project with both short-term and long-term potential, Sui is one to watch.
2. Pepe Unchained (PEPU)
Pepe Unchained ($PEPU) has hit another major milestone in its presale by raising over $11.8 million. The new Pepe meme coin, built on the Layer-2 technology of Ethereum, has experienced significant presale activity. Investor confidence in the token is pitch high as it continues to generate momentum towards its launch.
LAYER 2 LOADING! pic.twitter.com/qkZiGMe91E
— Pepe Unchained (@pepe_unchained) September 2, 2024
Layer 1 blockchains often encounter network congestion, leading to slow transactions and high fees. Pepe Unchained addresses these issues by processing transactions directly on the Ethereum mainnet. Its secondary layer improves scalability, speed, and efficiency, allowing for higher transaction volumes at lower costs.
A standout feature of Pepe Unchained is its double staking rewards. Utilizing Layer 2 technology, the project offers significantly higher $PEPU staking rewards to its community. This results in greater gains for holders, as reduced operational costs lead to increased benefits.
Currently, the Pepe Unchained token is available for $0.009498 per token, though this price will increase in under 15 hours. At this rate, $PEPU offers a compelling opportunity for early investors. The current market frenzy is an indication of substantial investor interest in the project.
3. EOS (EOS)
EOS Network is a third-generation Layer-1 blockchain designed with a focus on speed and efficiency. The platform’s flexible architecture allows developers to create projects without constraints. Its Delegated Proof of Stake consensus enables token holders to delegate their stakes to elect transaction validators. This approach ensures a level playing field, providing fair opportunities for all participants.
Moreover, the open-source blockchain is well-known for its high performance, flexibility, and security. It uses a streamlined WebAssembly engine to facilitate near-zero-fee transactions. What sets EOS apart is its exceptional capacity to scale, segment, and program digital assets. The platform provides developers with advanced tools and resources to create innovative solutions.
However, the token is facing significant challenges that have resulted in a 3% decline over the previous 24 hours. Nevertheless, it remains above its 200-day simple moving average, suggesting a bullish long-term outlook. Moreover, the token is moving away from a neutral stance, signalling potential upward momentum. This is demonstrated by a Relative Strength Index (RSI) value of 55.24
GM #EOS Community.
The Spring 1.0 Release Goes Live Today 🔔⌛️ https://t.co/p3gCUT664c
— EOS Network Foundation (@EOSNetworkFDN) September 4, 2024
The token is currently valued at $0.4565, reflecting a modest 30-day increase of 6%. It has also maintained a volume-to-market cap ratio of approximately 0.465. This robust ratio indicates that the token enjoys strong liquidity. As the week peaks, investors can remain optimistic about its growth potential, as the Fear and Greed Index shows a “Greed” sentiment.
4. AZURO Protocol (AZURO)
Azuro Protocol is transforming the betting industry by eliminating intermediaries through its blockchain-based platform. By leveraging smart contracts, the protocol ensures that all transactions are fair and efficient. Users can engage in various betting activities via user-friendly apps and websites connected to the Azuro system.
Furthermore, the platform is built to enhance players’ transparency. Liquidity providers fund payouts and benefit from the spread between bets and payouts. Concurrently, data providers ensure fair and attractive odds by supplying reliable information.
Moreover, Azuro’s DAO structure allows token holders to take part in key decision-making. This unique strategy is aimed at promoting a community-driven ecosystem. The platform’s betting engines handle all technical operations, like accepting bets and calculating winnings. Innovative features like the Liquidity Tree ensure stable funding and prompt payouts.
🗓️ MARK YOUR CALENDOORRRS
🔔 Thursday, 5th September
🕑 14:00 GMT / 16:00 CETJoin us as @RossToTheFuture is going to go live with @graphprotocol for a jam-packed Spaces session!
We'll be chatting indexers, subgraphs, and all things onchain data!
(+) a healthy dose of alpha 👀 pic.twitter.com/jP69yV0C9T
— azuro 🌊 (@azuroprotocol) September 3, 2024
AZUR grew by 2.92% to $0.09744 over thirty days, reflecting increased investor interest. It is trading above its 200-day SMA and recorded 23 green days in the last 30. Unlike many tokens currently on the market, AZUR has a lower liquidity ratio of 0.043. AZUR’s innovative Liquidity Tree has taken a foothold in the betting sector and become one of the next cryptos to explode.
5. Mantle (MNT)
Recent data reveal a substantial influx of MNT tokens onto several prominent exchanges. This unique trend is a. indication that investors are keen to capitalize on recent gains. Currently, over 331 million MNT tokens, valued at approximately $300 million, are held in exchange wallets.
This trend is notable as it often signifies that investors are looking to profit from favourable market conditions. Over the past month, MNT’s value has increased by 4%, reaching $0.5689. This price rise has prompted many investors to contemplate selling their holdings.
Furthermore, Mantle’s ecosystem is expanding rapidly, with the token gaining widespread adoption. The total value locked (TVL) in Mantle has surged, primarily due to incentive programs. The token also saw a 68.5% increase in TVL in August following $ COOK’s announcement of a 6% airdrop for Puff community members.
Limit Orders by @odosprotocol are LIVE on @0xMantle 🏆🏆🏆
Access single and multi-token input limit orders at https://t.co/qxLFknfVAT pic.twitter.com/bvhW5IO2Qs
— ODOS (@odosprotocol) September 3, 2024
Currently, the token is trading 26% above its year-to-date price, reflecting strong long-term performance. Additionally, investors expect that Mantle’s price may soon surpass its upper resistance level. This prediction might be triggered faster, provided the market resumes its bullish momentum.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
Join Our Telegram channel to stay up to date on breaking news coverage
