Join our Telegram channel to stay up to date with the latest news
Although cryptocurrency prices have been falling for some time, the overall market sentiment remains positive. Recently, Bitcoin (BTC) surpassed $65,000 and Ethereum (ETH) surpassed $2,600, providing some relief to investors.
However, identifying the the next cryptocurrencies will explode is a challenge because 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 goal is to identify coins with some potential and educate investors and traders about each token.
The next cryptocurrency will explode
Today’s article discusses the performance of potentially explosive cryptocurrencies 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 for the first time using meme coins, generating excitement among crypto enthusiasts. Details of its presale and the performance of the top performing cryptos today are shared below.
1. ZetaChain (ZETA)
ZetaChain (ZETA) is among several cryptocurrencies approaching key token unlock events, which could lead to notable price changes. These releases could lead to an increase in supply, potentially leading to lower prices. ZetaChain, created by a co-founder of Basic Attention Token (BAT) and a former member of the Coinbase team, is an EVM-compatible asset.
As an L1 protocol, ZetaChain aims to enable cross-chain applications across different networks, including proof-of-work systems. The project is expanding its ecosystem and recently launched a decentralized exchange. Additionally, the team is testing a stablecoin backed by Bitcoin (BTC) reserves.
ZETA is currently priced at $0.7345, reflecting a strong gain of 24.41% over the past week and a rise of 4.75% over the past 24 hours. Over the past year, it has gained 33.80%, although it remains below its 200-day simple moving average (SMA), signaling a downtrend. Despite this, market sentiment remains optimistic, with a 42.82% increase in daily trading volume, indicating increased trading and potential for growth.
At ZetaChain, our mission is to create universal applications that span all chains, from native Bitcoin and Ethereum to Cosmos, Solana and beyond. Coinbase Prime’s support for ZetaChain custody is an important step in this direction.
– ZetaChain (@zetablockchain) September 20, 2024
ZetaChain has demonstrated solid price movements over the past day and month, providing confidence to investors looking for short- and long-term gains. Its focus on interoperability and security has helped build a loyal community, while its strong user support continues to attract more users.
2. Sushi (SUSHI)
SushiSwap has established itself as a key player in the automated market maker (AMM) industry. The platform rewards liquidity providers with its SUSHI token, promoting a community approach. Its yield agricultural products have attracted significant liquidity, making them popular among users.
On September 10, 2024, SushiSwap announced via X that it would delay the launch of its highly anticipated memecoin platform, Dojo, by one week. Originally scheduled for an earlier release, the new launch date is now September 17, 2024. This delay has generated excitement within the crypto community, as many are eager to see what impact Dojo will have on the memecoin space.
The new token selector on Sushi speeds up by loading less data, especially for beginners. Enjoy faster searches and a more responsive trading experience.
Start trading: pic.twitter.com/9e6RnlWZCq
– Sushi.com (@SushiSwap) September 27, 2024
Currently, SUSHI is priced at $0.9123, reflecting an increase of 19.41% over the past 24 hours. Over the past year, its price has increased by 55% and it is trading 3.42% above its 200-day simple moving average (SMA) of $0.890746. The 14-day relative strength index (RSI) stands at 42.12, indicating neutral market conditions.
Over the last 30 days, SushiSwap has experienced 15 green days, with a volatility rate of 9%. With a market capitalization of $238.323 million and a 24-hour trading volume of $71.04 million, the platform continues to demonstrate strong liquidity, reflected in a volume to market capitalization ratio of 1.3576.
3. Memebet Token (MEMEBET)
Memebet Casino ($MEMEBET) is gaining ground with its innovative betting platform, built on Telegram and focused on the use of meme coins. In its early days, Memebet raised over $300,000, attracting attention from the crypto community. The platform offers high-stakes betting, a global sportsbook featuring leagues like the EPL and NBA, and various crypto-based games. This focus on the crypto community, known as “degens,” has helped increase its popularity.
The $MEMEBET token launched its ICO at $0.0254, allowing early investors to claim their tokens immediately. As the project enters its second funding round, the token’s price is expected to slightly exceed $0.0254 within a few days. This provides early investors the opportunity to purchase at a lower price before demand increases with the casino’s full launch. The $MEMEBET token plays a central role in the casino ecosystem, creating a unique gaming experience for users.
Meme coins such as Dogecoin ($DOGE), Pepe ($PEPE), Shiba Inu ($SHIB), and Floki ($FLOKI) are accepted for betting, but $MEMEBET is the main token, enhancing the experience. For those interested in the presale, $400 million MEMEBET tokens are available for airdrops.
High rollers who hold large amounts of $MEMEBET or bet the most meme coins will receive VIP bonuses. These bonuses provide entry into the exclusive Degen VIP community, offering special benefits and access to high stakes tables. This feature could position Memebet as one of the leading high-roller casinos this year.
Buy MEMEBET tokens here
4. SHELK (SKL)
SKALE is currently trading at $0.04341, reflecting a 2.97% rise over the past 24 hours. As a modular blockchain network, SKALE is designed to improve the scalability of Ethereum by creating fast, gas-free blockchains tailored to specific applications. This setup allows developers to run Solidity smart contracts much faster, making it ideal for various projects such as gaming and content streaming.
What’s driving this recent surge in SKALE? This is the launch of the SKALE x Crossmint integration. This partnership simplifies blockchain adoption by allowing developers to easily create scalable, gas-free dApps. With this integration, developers can integrate wallets, mint NFTs, and accept payments via credit card or cryptocurrencies, providing a seamless user experience.
Superbooking AI streamlines appointment management with AI-powered automation.
Thanks to its partnership with SKALE, the gas-free blockchain network, @SuperbookingAI will provide a transparent, scalable and secure booking experience for businesses and consumers. pic.twitter.com/ehfue0MrQX
– SKALE (@SkaleNetwork) September 26, 2024
SKALE also has strong liquidity, with a volume to market capitalization ratio of 0.5145. Although its 14-day relative strength index (RSI) is at 73.58, indicating that SKL may be slightly overbought, its overall resilience is remarkable. The token has seen positive movement in 57% of the last 30 trading days, with low volatility at 8%.
Although SKALE is trading 44.38% below its 200-day simple moving average, it is up 98% over the past year, outperforming 56% of the top 100 cryptocurrencies. With its innovative solutions and consistent growth, SKALE remains an attractive investment in the evolving crypto market.
5. Optimism (OP)
Optimism (OP) is gaining attention for its support for Layer 3 solutions, which enhance the development of decentralized applications (dApps) on top of Layer 2 chains. This innovation contributes to the growth of the Optimism superchain. The platform also introduces custom gas tokens and Plasma mode, both aimed at reducing onboarding and operating costs, making it more accessible to new users and developers.
Currently, optimism is on an upward trend. The cryptocurrency is trading at $1.89, an increase of 2.31% in the last 24 hours. Earlier today, it started at $1.79 and gradually climbed to its current price. The technical chart shows that OP has been in an ascending channel over the past day, with the bulls remaining in control and pushing the price higher.
1-day price analysis suggests that market sentiment remains bullish as OP looks to return to the $1.85 level. With the bullish momentum, the uptrend is likely to continue.
Although OP exceeded key thresholds, trading volumes did not fully support this rise. There was a slight increase in trading activity, but frequent long liquidations put pressure on the price structure.
Despite these challenges, the Relative Strength Index (RSI) signals growing momentum, suggesting that OP has the potential to break through upcoming resistance levels. Traders are closely watching whether OP can maintain its upward trend in a competitive market.
Learn more
Most Wanted Crypto Launch – Pepe Unchained
- Layer 2 Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Faceoff Rewards – pepeunchained.com
- Over $10M Raised at ICO – Ending Soon
Join our Telegram channel to stay up to date with the latest news
