{"id":585175,"date":"2024-10-09T04:37:50","date_gmt":"2024-10-09T04:37:50","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=585175"},"modified":"2024-10-09T04:37:50","modified_gmt":"2024-10-09T04:37:50","slug":"next-cryptocurrency-to-explode-october-8-eigenlayer-spx6900-binaryx","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-october-8-eigenlayer-spx6900-binaryx","title":{"rendered":"Next Cryptocurrency to Explode, October 8 \u2014 EigenLayer, SPX6900, BinaryX"},"content":{"rendered":"

Although cryptocurrency prices have been falling for a while, the overall feeling in the market remains positive. Recently, Bitcoin (BTC) has risen above $65,000, and Ethereum (ETH) has risen above $2,600, providing some relief to investors.<\/span><\/p>\n

However, identifying the <\/span>next cryptocurrencies to explode<\/span><\/a> is challenging 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 Memebet Token. This new Telegram-based betting platform allows users to bet using meme coins for the first time, generating excitement among crypto enthusiasts. The details of its presale and the performance of the top-performing cryptos today are shared below.<\/span><\/p>\n

1. EigenLayer (EIGEN)<\/b><\/h3>\n

EigenLayer (EIGEN) has seen a strong recovery as investors jumped in to buy after last week’s airdrop. The token bounced back to a high of $3.86, its best level since October 2, and is now 26% above its all-time low. This surge followed an important announcement from the founder, who revealed that the network is shifting its focus toward Web3 applications.<\/span><\/p>\n

EigenLayer doesn’t have a consumer-facing app. Instead, it secures services like AltLayer, Ethos, and Lagrange. Despite a recent hack that saw over 1.6 million tokens, worth $6.8 million, stolen, the price recovery continued. The stolen tokens were moved through a decentralized platform before being transferred to centralized exchanges.<\/span><\/p>\n

\"EigenLayer<\/p>\n

Developers have shared plans to unlock and distribute 67 million tokens, or 4% of the initial supply, over the next year. Every Tuesday, a portion of these tokens will be released, with 3% going to Ethereum and liquid staking token stakers and 1% to EIGEN stakers and operators. <\/span><\/p>\n

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Exciting news! The AVS SDK now supports Rust, expanding beyond Go! <\/p>\n

Build secure, high-performance services on EigenLayer using Rust or Go.<\/p>\n

Ready to start building? Check it out in our AVS Developer Guide and get started today! https:\/\/t.co\/mv667pceCJ<\/a>#RustLang<\/a> #Web3<\/a>… pic.twitter.com\/WuhrXV8h09<\/a><\/p>\n

— BuildOnEigen (@buildoneigen) October 7, 2024<\/a><\/p><\/blockquote>\n