{"id":563114,"date":"2024-08-09T17:14:41","date_gmt":"2024-08-09T17:14:41","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=563114"},"modified":"2024-08-09T17:14:14","modified_gmt":"2024-08-09T17:14:14","slug":"next-cryptocurrency-to-explode-friday-august-9-celestia-sui-quarkchain-sei","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-friday-august-9-celestia-sui-quarkchain-sei","title":{"rendered":"Next Cryptocurrency to Explode Friday, August 9 \u2014 Celestia, Sui, QuarkChain, Sei"},"content":{"rendered":"

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 $2,700.<\/span><\/p>\n

However, identifying the <\/span>next cryptocurrencies to explode<\/a> 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. <\/span><\/p>\n

Next Cryptocurrency To Explode<\/b><\/h2>\n

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.<\/span><\/p>\n

1. Celestia (TIA)<\/b><\/h3>\n

Celestia (TIA) was on the verge of succumbing to bearish pressure, but the bulls recently took control, leading to an impressive 21.91% recovery in the past 24 hours. This brought the current trading price up to $5.61. Although the bulls are pushing to raise the price further, bearish forces might cause Celestia’s momentum to stall at a critical point on the charts.<\/span><\/p>\n

Since June, Celestia’s price has been in a consolidation phase. It is trading above the 200-day EMA, which shows the bulls have maintained a steady hold. A bullish reversal could be seen in the coming weeks if Celestia can break above these key levels. However, if it fails to do so, the price might drop further before entering the oversold territory. The altcoin’s Relative Strength Index (RSI) is at 38.41, close to the oversold region, suggesting a potential short-term bounce.<\/span><\/p>\n

\"Celestia<\/p>\n

According to online data, Celestia’s Open Interest (OI) has increased by over 30.43% in the last 24 hours. This rise in OI and the recent price increase indicate that market participants are buying TIA, which is a positive sign for the asset. Additionally, data from CoinMarketCap shows that TIA’s daily trading volume has jumped by 64.89%, reflecting heightened trading activity. If this trend continues, the price rise is likely to be sustained.<\/span><\/p>\n

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Celestia’s first upgrade, Lemongrass, is coming. 🍵<\/p>\n

Developed and coordinated with the community, Lemongrass includes 1-click Tia interactions with other IBC chains, Interchain accounts, and a new upgrade mechanism. pic.twitter.com\/Lu6f3vWeU9<\/a><\/p>\n

— Celestia (@CelestiaOrg) August 8, 2024<\/a><\/p><\/blockquote>\n