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Cryptocurrency News Articles
Next Cryptocurrency to Explode: 5 Coins to Add to Your Watchlist
Aug 10, 2024 at 01:14 am
Although cryptocurrency prices have been falling for a while, the overall feeling in the market remains positive. Today's article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours.
As cryptocurrency prices continue to fluctuate, several promising tokens have shown impressive gains in the past 24 hours. Here's a closer look at some of these potential爆発cryptocurrencies.
1. Celestia (TIA)
After facing bearish pressure, Celestia (TIA) recently saw a 21.91% recovery in the past 24 hours. This brought the current trading price to $5.61. While bulls are attempting to push the price further, bearish forces might stall Celestia’s momentum at a critical point on the charts.
Since June, Celestia’s price has been in a consolidation phase. It is trading above the 200-day EMA, indicating that bulls have maintained a steady hold. If Celestia can break above these key levels, we could see a bullish reversal in the coming weeks. However, if it fails to do so, the price might drop further before entering the oversold territory. The altcoin’s Relative Strength Index (RSI) is at 38.41, close to the oversold region, suggesting a potential short-term bounce.
According to online data, Celestia’s Open Interest (OI) has increased by over 30.43% in the last 24 hours. This rise in OI and the recent price increase indicate that market participants are buying TIA, which is a positive sign for the asset. Additionally, data from CoinMarketCap shows that TIA’s daily trading volume has jumped by 64.89%, reflecting heightened trading activity. If this trend continues, the price rise is likely to be sustained.
2. Sui (SUI)
Over the past 24 hours, Sui (SUI) has seen its price rise by 30.20%, reaching $0.8424. This increase follows a positive trend over the past week, where the coin gained 25.52% despite a generally bearish market. During this period, SUI moved from $0.69 to its current price. However, it is still far from its all-time high of $2.17.
In addition, the trading volume for SUI has surged by 51.57% over the past day. The overall circulating supply has slightly increased by 0.01% to approximately 2.60 billion, representing 25.96% of its maximum supply of 10 billion coins. Currently, SUI ranks #33 in market cap, with a valuation of $2.19 billion.
Promising Layer 1 blockchain platform Sui has attracted attention for its efficient and secure digital asset management. Known for its scalable solutions, Sui boasts a high Total Value Locked (TVL), indicating strong performance. As of press time, Sui is priced at $0.8424, with a market dominance of 0.08%.
3. Pepe Unchained (PEPU)
Pepe Unchained ($PEPU) has quickly gained attention in the crypto world, raising over $7.83 million in presale funds. It is on track to reach $8 million before the close of the week. This new meme coin has made a strong impression, pulling in substantial funds just a month after its presale launch.
$PEPU stands out for two reasons: it’s the first meme coin Layer 2 on Ethereum, and this Layer 2 solution will make owning a Pepe cheaper and faster. Once the presale ends, investors will see the game-changing potential of Pepe Unchained’s Layer 2 technology in action.
Pepe Unchained is set to revolutionize the market with its Layer 2 solution, operating as its blockchain with a unique consensus mechanism and blockchain explorer. This new chain is designed to lower costs and speed up transactions, offering a volume capacity 100 times greater than Ethereum’s. Adopting the Layer 2 approach is crucial for Pepe to achieve transactional efficiency, especially since the high gas prices on Ethereum were a significant issue earlier this year.
4. QuarkChain (QKC)
On July 28, the QKC token saw its price rise from $0.008 to $0.014, and since then, it has gained over 24%. As of today, August 9, QKC is trading at $0.01103, marking an impressive 70% increase in just 24 hours. The token’s market capitalization now stands at $77.45 million.
QuarkChain is focused on addressing some of the major challenges older blockchains face. While Bitcoin and Ethereum have successfully achieved decentralization, they have struggled with scalability and flexibility. On the other hand, projects like XRP and USDT offer high scalability but are centralized, which doesn’t align with the ideal vision of the crypto world. QuarkChain aims to bridge this gap by solving these issues.
QuarkChain
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Bitcoin Heads for Weekly Gain as Risk Appetite Gets Boost From Fed Rate Cut
- Sep 20, 2024 at 04:35 pm
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- Ethereum (ETH) Price Skyrockets 5% as Whales Accumulate Ether Ahead of Potential Rebound
- Sep 20, 2024 at 04:30 pm
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- BingX Exchange Confirms $26M Hack, Promises Full Compensation
- Sep 20, 2024 at 04:25 pm
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- Sep 20, 2024 at 04:25 pm
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- Avalanche (AVAX) Price Action Heats Up as 48% of Holders Profit, Market Dominance Expands
- Sep 20, 2024 at 04:25 pm
- Avalanche (AVAX) price has experienced significant market activity, with 48% of its holders in profit and strong investor interest driving bullish sentiment.
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- Solana (SOL) and Ethereum (ETH) Dominate Altcoin Space, Will This Transpire into Bullish Q4 Momentum?
- Sep 20, 2024 at 04:25 pm
- Both Ethereum (ETH) and Solana (SOL) have dominated much of the past 7 years in the altcoin space. While these platforms are hotbeds for developer activity, will it be enough to transpire into bullish Q4 momentum?
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- XRP Whales Accumulate 380 Million Tokens in 10 Days as Price Nears All-Time High
- Sep 20, 2024 at 04:25 pm
- Over the past few days, prominent investors have been increasingly betting on XRP, loading up on the token with their holdings near an all-time high.
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- Solana (SOL) Price Predictions: Analysts Project $500 and Even $1,000 Targets
- Sep 20, 2024 at 04:25 pm
- Market analysts have projected that Solana could reach significant price targets, with some predicting it may hit $500 and even $1,000.
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- Terraform Labs Receives Court Approval to Wind Down Operations in Bankruptcy
- Sep 20, 2024 at 04:25 pm
- Korean cryptocurrency entrepreneur, co-founder of Terraform Labs (Terra Luna), Do Kwon, left, is taken to court in Podgorica, May 11, 2023, following his arrest, March 24, at the Montenegrin capital's international airport.