{"id":605685,"date":"2024-11-29T14:08:53","date_gmt":"2024-11-29T14:08:53","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=605685"},"modified":"2024-11-29T14:08:53","modified_gmt":"2024-11-29T14:08:53","slug":"next-cryptocurrency-to-explode-29-november-gigachad-act-i-the-ai-prophecy-peanut-the-squirrel","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-29-november-gigachad-act-i-the-ai-prophecy-peanut-the-squirrel","title":{"rendered":"Next Cryptocurrency to Explode, 29 November \u2014 Gigachad, Act I: The AI Prophecy, Peanut the Squirrel"},"content":{"rendered":"

The overall market sentiment is surprisingly negative, and cryptocurrency prices have been fluctuating for a while, including Bitcoin (BTC). BTC has surpassed its all-time high of $93,215 and went up to $98,453.70 earlier this month. Meanwhile, Ethereum (ETH) is currently striving to stabilize above $3,500.<\/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. Gigachad (GIGA)<\/b><\/h3>\n

Gigachad ($GIGA), a meme coin built on the Solana blockchain, has gained considerable attention thanks to endorsements from famous figures. These endorsements and a bullish market have helped GIGA maintain resilience. Its price rose 8.43% in the past 24 hours, reaching $0.03831 and pushing its market cap to $356.33 million.<\/span><\/p>\n

The coin’s price has shown an upward trend over recent months, with higher highs and lower lows observed in September and October. <\/span>According to GeckoTerminal, GIGA recently consolidated near its highs, with bullish momentum driving it past the $0.0510 resistance earlier this month. This movement suggests a possible ascending triangle pattern, which could signal further growth.<\/span><\/p>\n

\"GIGA<\/p>\n

Despite a 6.01% price dip in the past week, GIGA remains above its 50-day and 200-day Simple Moving Averages (SMAs), supporting a positive outlook. Its Relative Strength Index (RSI) of 60.56 places it in a neutral-to-bullish range, indicating potential for growth before reaching overbought levels.<\/span><\/p>\n

Part of Gigachad’s momentum comes from its connection to the fitness industry through its sports brand, Giga Fitness. <\/span>However, like many meme coins, its performance heavily depends on social media buzz. While GIGA offers short-term profit opportunities, its long-term success hinges on maintaining community engagement and delivering value beyond celebrity backing.<\/span><\/p>\n

2. IoTeX (IOTX)<\/b><\/h3>\n

IoTeX (IOTX), a modular infrastructure provider in decentralized physical infrastructure networks (DePIN), is gaining attention for its flexible and innovative approach. It offers tools to build decentralized, composable, and interoperable projects. Unlike monolithic systems, IoTeX combines its in-house DePIN Infrastructure Modules (DIMs) and Public Goods with third-party modules. Collaborations with platforms like Filecoin, Risc0, NearDA, and Espresso further expand its robust ecosystem.<\/span><\/p>\n

\"IOTX<\/p>\n

Currently, IOTX is trading at $0.05022, marking a 10.07% rise in the past 24 hours. Over the past year, it has seen impressive growth of 107.42%. The token is 19.18% above its 200-day Simple Moving Average (SMA) of $0.041767, reflecting strong long-term momentum. Moreover, IOTX has recorded 14 green days in the last 30 days, indicating steady upward movement.<\/span><\/p>\n

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In 2023, IoTeX's @cryptoxfan<\/a> gave a talk at the European Identity and Cloud Conference ☁️: <\/p>\n

When SSI Meets IoT – Challenges and Opportunities.<\/p>\n

IoTeX showcased leadership in tackling key SSI-IoT challenges, sharing with the world our insights on an embedded SSI SDK and the… pic.twitter.com\/rLKcmWItPb<\/a><\/p>\n

— IoTeX (@iotex_io) November 28, 2024<\/a><\/p><\/blockquote>\n