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Cryptocurrency prices have been fluctuating for some time now, and the overall sentiment in the market is bearish. Bitcoin (BTC) is struggling to get back to $60,000 and above, and Ethereum (ETH) is struggling to stabilize at $2,500.
However, the identification of the The Next Cryptocurrencies to Explode This might take some work, as most funds are attracted to rising assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers’ list over the past 24 hours. The goal is to identify coins with some potential and educate investors and traders about each token.
The Next Cryptocurrency Is Going to Explode
Today’s article covers the performance of potentially explosive cryptocurrencies 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. In just a few minutes, it attracted over $150,000 in investments. Details of its presale and the performance of today’s top performing cryptocurrencies are shared below.
1. Toncoin (TON)
The price of the cryptocurrency Toncoin (TON) recently jumped more than 7% after Telegram CEO Pavel Durov criticized France for its investigation into illicit activities following his arrest. As of 2:45 a.m. EST, the price of the cryptocurrency TON was trading at $4.87, boosted by Durov’s comments.
According to data from IntoTheBlock, many Toncoin holders are currently facing losses. Only about 9% of holders are profitable, with most seeing negative returns. However, many wallets holding TON are less than a year old, suggesting a recent influx of investors. This bearish trend may just be a temporary correction before the next big rally.
In August, Binance listed Toncoin, offering trading pairs like TON/BTC and TON/USDT. Following this announcement, the price of TON surged by over 10%. Today, TON is up 7% in the last 24 hours, with a 40.94% increase in daily trading volume, reaching $379.054 million.
More than 100 integrations are in progress #USDt-A TON in every pocket!
USDt on TON has reached a major milestone, now available on over 100 platforms worldwide!
We are closer than ever to our goal of making USDt on #TONNE the most accessible stablecoin in the world 🗺️Learn more:… pic.twitter.com/fLcDG4LNAU
— TON 💎 (@ton_blockchain) September 6, 2024
Fundamental developments are also fueling Toncoin’s rise. On August 14, the TON Foundation launched TON Ventures, a $40 million fund to support early-stage projects on the TON blockchain. This initiative is expected to attract more developers and projects to the network.
2. Super Zero Protocol (SERO)
SERO is a privacy platform for decentralized applications (DApps). Its goal is to be a next-generation privacy blockchain that supports smart contracts and enables the issuance of privacy coins and anonymous assets. The platform allows developers to issue privacy coins and use them in DApps.
Additionally, SERO claims to have created the world’s fastest zero-knowledge proof cryptography library, called “Super-ZK.” This library is said to be over 20 times faster than the latest zk-SNARKs (Sapling upgrade) used by Zcash. Additionally, SERO claims that it is the first privacy cryptocurrency protocol to support smart contracts using zero-knowledge proofs.
At press time, SERO’s price was $0.877799, reflecting an increase of 18.42% over the past 24 hours. Its daily trading volume increased by 18.37%, reaching $1,367,247. This bullish trend suggests growing optimism about an upward move in the price.
With strong fundamentals and the support of a dedicated crypto community, SERO has the potential to see significant growth in the future. If the project announces collaborations with other networks, its cryptocurrency price could surpass previous highs by 2024. Moreover, if the current bullish trend in the cryptocurrency market continues, we predict that the average cost of SERO could reach higher levels by 2025.
3. Pepe Unchained (PEPU)
Pepe Unleashed ($PEPU) reached a major milestone by raising over $12 million in its pre-sale. As of Wednesday morning, the sale had reached $11.85 million, but in less than 24 hours, an additional $150,000 has brought the total to its current amount.
While the token was initially expected to hit $12 million by the end of the week, Pepe Unchained has reached that goal ahead of schedule. Whales played a key role by purchasing large amounts of $PEPU during a market dip on Tuesday. The token is now valued at $0.0094982 and will increase to $0.0095362 as the presale progresses.
Boom! $12 million raised!
Pepe Unchained hits milestones and prepares for the next big leap 🐸💪 pic.twitter.com/Cr2MI0CESp
— Pepe Unchained (@pepe_unchained) September 5, 2024
While not publicly traded, $PEPU is gaining attention as a more advanced version of Pepe ($PEPE). Meanwhile, about 40 million $PEPE, valued at about $293,000, was recently transferred to the OKX exchange. This activity, flagged by $PEPE Whale Alerts, is causing concern among retail investors, even though early buyers of $PEPE are still making profits.
One reason for the growing interest in $PEPU could be the 225% annual yield offered to those who stake their tokens early. Investors can purchase $PEPU using ETH, USDT, BNB, or a bank card via a simple widget on the project’s website. To earn the high staking rewards, buyers must lock up their tokens via the staking page.
Buy Pepe Unchained Tokens Now
4. Follow (SUI)
SUI continues to build its reputation against major cryptocurrencies. Despite this, it has recently shown positive momentum. SUI is up 2.55% in the last 24 hours, 3.85% in the last week, and 34.46% in the last month. If the buying pressure continues, SUI could rise another 7%, potentially breaking the $1.1 resistance level. If it breaks through, the price could surge to $1.2 and possibly $1.43.
Sui has created nearly 35 million NFTs, which is a significant amount of activity in the NFT market. While not all of them are active, Sui has over 365,000 NFT holders, which puts Sui in competition with platforms like Solana in the NFT space.
⚡Sui’s speed is inevitable!
One month after the launch of #Mysticetes 🐳 On Mainnet, we are excited to share that Sui has recorded sub-second latency in multiple regions around the world, further validating Sui’s position as the fastest consensus on… the… planet! 💥 pic.twitter.com/USPyt4qWcX
— Sui (@SuiNetwork) September 5, 2024
Another key development is the launch of the Agora AUSD stablecoin on the Sui network. This USD-pegged stablecoin adds more options to stablecoin users on blockchain platforms. Price predictions for SUI remain mixed. Analysts suggest that it may not surpass $2.50 by 2025 if bearish trends persist. However, if the market improves, SUI could surpass $4 by the end of next year.
5. Covalent X token (CVX)
Covalent is a decentralized data network powered by node operators in 25 countries. It provides a modular infrastructure to access on-chain data via running nodes, by directly pulling data, or by querying the API. Covalent ensures long-term data availability with a secure, decentralized network, allowing developers to access historical and real-time data for Ethereum and other platforms.
Covalent’s CVX token is currently trading at $0.06941, reflecting a 10.5% increase in the last 24 hours. Its market cap has also increased by 10%, reaching $59.75 million, with a 2.4% increase in 24-hour trading volume. In the last 30 days, CVX has seen 16 green days, indicating a bullish trend.
As Ethereum data grows, so does the need to access it at all times 💽
Wondering about Covalent’s Ethereum Wayback Machine (EWM) and how it’s transforming data access?
Here are 4 things you need to know ⤵️
— Covalent (@Covalent_HQ) August 30, 2024
Despite the Fear and Greed Index reading “extreme fear” at 23, sentiment around CVX remains positive. If the EOS project announces collaborations, CVX could see further growth. CVX could average $0.5 if the market remains bullish by 2025. However, a market downturn could push the value down to $0.01 in 2024.
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