The next cryptocurrency will explode on November 17 – Wemix, Raydium, Kava, The Sandbox

Earning a significant return on your investment in a bull market could mean paying attention to meme coins and Altcoins with explosive potential. However, identifying the next cryptocurrencies to explode could take some work, as most funds are attracted by pumping assets.

Today’s article explores the performance of cryptocurrencies that dominated the winners list over the past 24 hours. The objective is to identify the the next cryptocurrencies will explode and inform investors and traders about each token. The article also includes an overview of the market trend of crypto assets, which have the potential to generate significant gains in the future.

The next cryptocurrency will explode

Experts suggest that investors are more likely to discover the next booming crypto among upcoming projects. With this in mind, they should consider the potential of the new presale coin, Flockerz (FLOCK). FLOCK is a new meme coin that offers a unique vote-to-win reward system, fosters strong community connections, and offers attractive staking benefits. The Flockerz team has already raised $700,000. Further details about the project and its future prospects are shared below.

1. Wemix (WEMIX)

WEMIX demonstrated a remarkable increase of 25.64% in the last 24 hours. Additionally, its market capitalization and daily trading volume have increased, suggesting a positive short-term trend. Despite this rise, the token is trading 28.20% below its 200-day simple moving average (SMA). Additionally, its 14-day relative strength index (RSI) of 68.17 indicates a neutral position, potentially leading to sideways trading. Notably, WEMIX price forecast sentiment remains bullish, and the Fear & Greed Index currently has a score of 90, signaling “extreme greed.”

WEMIX powers a decentralized blockchain protocol that supports a robust Web 3.0 ecosystem. Its WEMIX3.0 mainnet, built with compatibility with the Ethereum Virtual Machine (EVM), uses a stake-based proof of authority (SPoA) consensus mechanism. This approach ensures fast transactions and strong security. Additionally, network governance is managed by 40 Node Council Partners (NCP), making the WEMIX token essential for transactions and gas fees.

The WEMIX ecosystem offers various platforms that enrich its Web3 environment. WEMIX Play is a play-and-earn gaming platform that seamlessly integrates payments into games. Similarly, NILE uses DAO-based smart contracts to manage various projects, while WEMIX.Fi provides DeFi services with low fees and high transaction speeds.

To maintain stability, WEMIX$ is a fully collateralized stablecoin that supports the growth of the ecosystem. Meanwhile, the WEMIX Wallet gives users full control over asset management, and WEMIX Explorer allows detailed tracking of blockchain activity. However, a recent break in WEMIX. Due to concerns over WEMIX$’s liquidation processes, Fi’s lending and borrowing services have raised questions. Updates on this situation are eagerly awaited.

2. Raydium (RAY)

Over the past week, Solana’s decentralized exchange (DEX) ecosystem reached a major milestone, surpassing $5 billion in daily trading volume. Additionally, DeFiLlama data reveals that total transactions on Solana’s DeFi platforms exceeded $16 billion between November 10 and today. This growth highlights the growing importance of Solana’s DeFi landscape. Raydium accounted for almost 60% of these transactions, cementing its position as Solana’s largest DEX. With its strong liquidity and smooth trading experience, Raydium continues to build confidence in Solana’s DeFi projects.

Raydium’s stellar performance surged 158.47% over the past month. On November 9, it climbed for four consecutive days to reach a 34-month high of $5.97, making it the best-performing asset of the month. This rally pushed its market capitalization above $1.55 billionoffering significant returns to investors. One trader even reported gains of over 28.5x since July 2023.

The rally was further fueled by Coinbase’s announcement to list RAY perpetual futures on its International Exchange and Advanced platforms, with the launch scheduled for November 14. Such listings on Tier 1 exchanges like Coinbase often generate excitement among traders, usually leading to price increases for the associated tokens.

Additionally, Raydium’s growth aligns with its growing presence within the Solana ecosystem. Since mid-October, the protocol has averaged between $2 million and $3.5 million in daily fees. These positive developments have made RAY one of the most trending altcoins on CoinGecko. The crypto community showed massive support, with 91% of 5,571 traders on CoinMarketCap expressing bullish sentiment towards the altcoin.

3. Flockerz (TROOP)

The coin space is buzzing with enthusiasm as Flockerz ($FLOCK) exceeds $2 million in pre-sale funding. Known as “People’s Meme Coin,” Flockerz stands out with a unique feature: a completely community-driven model. Additionally, its vote-to-win (V2E) mechanism rewards users with crypto incentives for participating in governance by voting on crucial project decisions.

Since its pre-sale launch in September, Flockerz has attracted attention from investors, demonstrating strong support for its innovative approach. Additionally, $FLOCK holders earn additional tokens by voting on critical decisions, such as protocol updates, budget plans, tokenomic changes, grants, and investment strategies. This system allows the community to shape the future of the project.

By putting governance entirely in the hands of its holders, Flockerz is the first coin to embrace decentralized decision-making. This transparent and inclusive model rewards participation and reduces the risks associated with traditional developer-led projects. Unlike typical launches on platforms like Solana’s Pump.fun, Flockerz minimizes the risks of developers abandoning the project, providing investors with a more secure structure.

As the first meme coin to implement the V2E model, Flockerz could redefine industry standards. This approach could inspire other meme coins to adopt similar transparency and community frameworks, potentially benefiting the entire industry. If successful, Flockerz could achieve the same pioneer status that $DOGE enjoys today.

Currently, investors can purchase $FLOCK for $0.0060289. However, the price is expected to increase soon, making it a timely opportunity for those interested in joining the project. With its innovative model and strong community focus, Flockerz is well-positioned to leave a lasting mark on the coin world.

Buy FLOCK tokens here

4. Kava (KAVA)

Kava is a layer 1 blockchain that combines the speed and interoperability of Cosmos with the developer-friendly tools of Ethereum. Built from the ground up, Kava is designed to maximize protocol growth using Cosmos EVM technology, which ensures scalability, speed, security, and robust developer support.

A major draw for developers is the Kava Rise program, which offers a $750 million incentive fund. Through this program, top protocols on the network earn monthly rewards distributed through a blockchain-based system that reflects actual usage. This approach encourages continuous innovation and active participation in the ecosystem.

The price of KAVA is currently at $0.4528marking a 10.53% increase in the last 24 hours. Its market capitalization also increased to $490.27 million, reflecting the same percentage gain. Impressively, KAVA’s 24-hour trading volume jumped by 519.31%, reaching $132.54 million. The token’s bullish price prediction sentiment and a score of 90 on the Fear & Greed (Extreme Greed) Index indicate growing optimism and increased token trading.

KAVA AI announces the launch of the first decentralized AI model to compete with ChatGPT at Devcon! pic.twitter.com/npV10VWs6W

–Kava (@KAVA_CHAIN) November 16, 2024

KAVA’s strong fundamentals position it for significant growth. If the project announces collaborations with other networks, its price could exceed $1.52 by 2024. Additionally, a sustained crypto bull market could see the average price of the token reach $2.19 this year. On the downside, a downtrend could push its minimum value to around $2.99 ​​in 2024.

5. The sandbox (SAND)

The Sandbox, launched in 2011 by Pixowl, is a blockchain-based virtual world that allows users to create, build, buy and sell digital assets in a gaming environment. The platform fosters a thriving, decentralized gaming community by combining decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs).

According to its white paper, The Sandbox aims to integrate blockchain technology into mainstream gaming. It focuses on a “play to earn” creative model, in which users can be creators and players simultaneously. The platform uses the SAND utility token for transactions to enable this, improving the overall gaming experience.

At press time, the price of SAND is $0.3578reflecting an increase of 8.28% in the last 24 hours. Additionally, its market capitalization increased to $856.66 million, matching the percentage gain. Trading activity also increased, with 24-hour volume soaring 98.62% to $536.89 million.

SAND’s strong fundamentals suggest significant growth potential. If the project announces partnerships with other networks, its price could exceed $0.952 by December. Additionally, in a crypto bull market, the average price of the token could reach $1.19 by the end of the year. On the downside, a bear market could see its minimum value drop to $0.092 in 2024.

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