Next Cryptocurrency to Explode, 2 December — Creditcoin, JasmyCoin, VeChain
Release: 2024/12/02 23:08 Reading: 603
Next Cryptocurrency to Explode
Amidst a slight decline in the global crypto market cap in the last 24 hours, the overall sentiment remains positive. Cryptocurrency prices have experienced volatility, including Bitcoin (BTC). Despite its earlier surge to $98,453.70, it remains below the much-anticipated 100K mark. Ethereum (ETH) has managed to stabilize above $3,500.
Identifying the next cryptocurrencies with significant growth potential requires research due to the attraction of funds towards "pumping" assets. This article highlights cryptocurrencies that have performed well in the last 24 hours, aiming to identify tokens with potential and provide insights for investors and traders.
1. Creditcoin (CTC)
Creditcoin is a blockchain platform designed to facilitate cross-chain credit transactions and establish reliable credit histories. It serves as a foundation for a decentralized credit market, bridging traditional assets with the evolving Web3 ecosystem.
Launched on April 4, 2019, by a global team from various countries, Creditcoin addresses a crucial challenge for the unbanked in emerging markets. Non-banks often provide loans to individuals, but their credit histories are not recognized by traditional banks due to trust issues. Creditcoin solves this by recording credit transactions transparently on a public blockchain, making data verifiable and accessible.
CTC is currently priced at $1.43, reflecting a 23.46% increase over the past 24 hours. Its market cap has grown by 23.43% to $583.65 million, while trading volume has surged by 77.10% to $293.40 million. CTC is trading a remarkable 579.51% above its 200-day Simple Moving Average (SMA) of $0.215132, indicating strong market performance. Market sentiment is bullish, with the Fear & Greed Index indicating Extreme Greed at 80.
2. JasmyCoin (JASMY)
JasmyCoin (JASMY) has displayed strong upward momentum, as evident in its recent chart patterns. A breakout from a bullish pennant on the daily chart suggests a potential rally ahead. Currently, the price is undergoing a slight retracement, which is typical after such breakouts.
JASMY is priced at $0.02935, consolidating near the $0.02403 support zone. Reduced volatility is indicated by the Bollinger Bands, suggesting accumulation at this level. The next resistance is at $0.03000, potentially paving the way for further gains. However, a drop below $0.02072 could trigger bearish pressure, pushing the price towards $0.01600.
The recent Upbit listing has significantly increased JASMY's visibility, attracting a broader audience. Upbit's reputation for high liquidity and user-friendly features make this listing a milestone for JasmyCoin. Moreover, institutional interest has surged by 180%, exceeding $225 million, while open interest has grown by 4.38%, indicating increasing confidence in JASMY's growth potential.
3. Pepe Unchained (PEPU)
Pepe Unchained (PEPU) has garnered widespread attention, attracting investors to its presale. This token aims to address key challenges of Ethereum's Layer-1, including high fees, slow transactions, and frequent delays.
PEPU introduces scalability, speed, and efficiency improvements, aspiring to "break free from its chains." By tackling these limitations, Pepe Unchained presents itself as a forward-thinking project with practical enhancements.
The presale has already raised over $63.8 million, highlighting strong investor confidence and demand. This achievement underscores its potential to reshape the meme coin landscape. Investors are optimistic about upcoming major exchange listings. Rumors suggest that platforms like Coinbase and Binance may feature PEPU, which could significantly enhance its market presence and credibility.
With the project set to launch on December 13, investors have limited time to join what could be one of the most successful presales of the year. Tokens are priced at $0.01295 each, offering an appealing entry point. Holders can also stake their tokens for an attractive 59% annual percentage yield (APY).
4. VeChain (VET)
VeChain (VET) has emerged as a blockchain network at the forefront of environmental sustainability and tokenization. Launched in 2015, VeChain has consistently worked towards modernizing industries through blockchain technology.
In recent weeks, VeChain has experienced a notable 129.82% price surge, reviving interest in this previously "old coin." Its impressive performance demonstrates its resilience and growing relevance in the competitive blockchain space.
Market analysts are optimistic about VeChain's future. Scofield, a recognized market expert, has pointed out that VeChain has broken a critical trendline, potentially leading to an additional 20% surge in the coming sessions. The Relative Strength Index (RSI) currently stands at 63, indicating bullish momentum. Meanwhile, the Fear and Greed Index reflects extreme greed at 80, suggesting high investor confidence.
5. Baby BitCoin (BABYBTC)
Baby Bitcoin (BABYBTC) has captured market attention with a massive 108% surge in the last 24 hours, pushing its price to $0.003116. Alongside this impressive rally, its trading volume has jumped by 80% to $8.18 million, signaling heightened investor activity.
On the 4-hour chart, Baby Bitcoin displays a strong bullish trend, breaking out from its previous consolidation around $0.0015. The token is trading well above the 50-day and 200-day moving averages, indicating sustained bullish momentum.
The Relative Strength Index (RSI) is currently at 71, placing it in the overbought zone. While this reflects strong buying pressure, it also hints at a potential short-term pullback or consolidation. However, in strong uptrends, RSI levels in the overbought range can persist, suggesting the rally still has room to grow.
The Moving Average Convergence Divergence (MACD) further supports the bullish outlook. The MACD line has crossed above the signal line, forming a bullish crossover, and both lines remain above the zero level, signaling continued upward momentum.
If buying pressure persists, Baby Bitcoin could aim for a new target of $0.0050. Alternatively, if bears regain control, the price may test the previous breakout zone at around $0.0014.
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