Next Cryptocurrency to Explode, October 21 — Cosmos, ARPA, dydx, Chintai
Release: 2024/10/22 00:02 Reading: 869
The overall sentiment in the market is surprisingly negative, and cryptocurrency prices have been fluctuating for a while, including Bitcoin (BTC). BTC has gone back above $69K and is gradually closing in on 70K. Meanwhile, Ethereum (ETH) is currently striving to stabilize above $2,700.
However, identifying the next cryptocurrencies to explode 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.
- Cosmos (ATOM)
ATOM has shown promising performance in the past 24 hours, with a price increase of 9.95%. Over the past week, it has risen 10.63%. Increased investor interest is evident in the 244.83% surge in trading volume. Despite a neutral market sentiment, current price predictions suggest ATOM could reach a minimum of $6, a potential high of $7.53, with an average of around $5.46.
ATOM’s annual conference, Cosmoverse, commenced on October 21st. This event is expected to bring significant announcements that could influence ATOM’s value and future growth. Investors should monitor these updates closely.
- ARPA (ARPA)
ARPA has seen a strong uptrend today, reaching $0.05645, marking a 34.42% rise in the past 24 hours. Its market cap and trading volume have also experienced significant growth. ARPA is currently trading 20.47% above its 200-day SMA, indicating bullishness.
Price predictions for ARPA remain positive, with the Fear & Greed Index indicating growing confidence and increased transaction activity. If the bullish trend continues, ARPA could see further gains, with potential collaborations driving its value higher.
- Pepe Unchained (PEPU)
PEPU has quickly gained traction in the meme coin space. It has generated significant buzz after raising over $21.2 million during its presale. The team is set to launch Pepe Chain, a layer-2 blockchain specifically designed for meme coins.
The Pepe Unchained ecosystem is actively growing, with plans for a decentralized exchange, bridging solutions, and staking rewards. The project’s vision and strategy for creating a thriving ecosystem of dApps have garnered optimism within the community.
Currently, the $PEPU token is priced at $0.0112, with scheduled price increases for each presale phase. The team intends to list the token on a decentralized exchange (DEX) after the presale.
- dydx (DYDX)
DYDX, a decentralized exchange on Ethereum, has seen a surge in value, up 19.65% in the last 24 hours. It has experienced a 28.86% increase over the past month, with an impressive trading volume increase of 1658.44% in the past day.
DYDX exhibits strong fundamentals, including a user-friendly interface, low volatility, and strong liquidity. The platform is introducing liquid staking, expanding its staking options and presence in the DeFi space.
- Chintai (CHEX)
CHEX has made waves by offering a range of financial services and a pilot project focused on carbon credits. Its partnership with Coinbase adds credibility to its vision of bringing real-world assets onto the blockchain.
Currently, CHEX has seen a significant surge in the past 24 hours, with a 40.69% price increase and a 40.7% market cap growth. Trading volume has also witnessed an impressive increase, surpassing $1.95 million.
With strong fundamentals and a supportive community, CHEX has the potential to grow further. Potential partnerships and a bullish market could drive its price higher.
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