Next Cryptocurrency To Explode: 5 Coins With Much Growth Potential

Determining the next cryptocurrency to explode might be challenging as most funds are attracted to pumping assets. However, this article will explore the

This article highlights some of the top-performing cryptocurrencies in the market, providing an overview of their price movements and key developments. It also includes a special mention of the Memebet Token presale, which saw impressive participation and generated excitement among crypto enthusiasts.

The article begins by discussing the overall market sentiment, which is turning positive with Bitcoin (BTC) finally rising above its all-time high of $73K and fluctuating between $74K and $75K. Meanwhile, Ethereum (ETH) continues to strive to stay above $2,600 as investors eagerly anticipate the next bull run.

With a vast amount of capital entering the cryptocurrency space, particularly during the Uptober bull run, determining the next cryptocurrency to explode can be challenging. However, the article aims to identify coins with potential and provide traders and investors with valuable information on each token.

1. The Root Network (ROOT)

The Root Network is a Layer 1 blockchain that serves as the foundation for the open metaverse, enabling seamless connectivity between virtual worlds. It features protocols designed to enhance user experience and digital content, allowing assets to move effortlessly across different platforms within the metaverse.

This network is optimized for Web3 developers building content-focused applications, offering a suite of core tools that eliminates the need for writing smart contracts. Additionally, the Root Network boasts a unique rewards system where fees collected from network activities are pooled and distributed to participants who validate and support the network.

ROOT’s price currently stands at $0.02011, reflecting a 26.34% increase in the past 24 hours. Its market cap has also risen by 26.34%, reaching $29.10 million, while the 24-hour trading volume has surged by 31.49%, hitting $4.24 million.

Although the current market sentiment for EOS is neutral, indicated by the Fear & Greed Index at 69 (Greed), growing optimism and increased token transactions suggest a potential uptrend for ROOT.

With solid fundamentals backing it, ROOT has the potential to rise significantly in the future. If the project secures partnerships with other networks, the price could reach over $1.52 by 2025. In a bullish crypto market, we can expect the average price of ROOT to stay around $0.19 in 2024. However, if the market declines, the price may drop to as low as $0.0099.

2. Apu Apustaja (APU)

Apu, also known as Peepo or Helper, is a younger and friendlier variant of the popular meme character Pepe. In contrast to many low-effort meme coins that are often linked to deceptive developers, Apu aims to change the scene with $APU, a coin that’s fully transparent and made just for “frens.”

The price of Apu Apustaja soared by 35.55% in the last 24 hours, reaching $0.0009388 as of 1 p.m. UST. This rise comes with a trading volume increase of 34.55%, totaling $11.34 million.

While $APU takes inspiration from the Pepe meme, it stands out with its sad expression and childlike design. Yesterday’s announcement on X hinted that July 25 was a special day for the $APU community, likely contributing to the recent price surge.

Apu Apustaja experienced a significant price surge in the last 24 hours, rising from $0.0006923 to reach a resistance level of $0.00094. However, it now has hit a barrier that may limit further upward movement for the time being. A minor price correction is underway, leaving traders curious about the next steps.

Congratulations Donald J. Trump fren $APU pic.twitter.com/bMK0vpNgW6

— Apu Apustaja (@ApusCoin) November 6, 2024

The signals are somewhat mixed, but many are turning to technical indicators for insights. For instance, while the Bollinger Bands recently narrowed, the price still moved up. Now, as APU’s price begins to dip, the bands are widening again, a generally bullish sign.

Even though some believe Apu Apustaja may be near its peak, there still appears to be room for growth. As the top meme coin gainer in the last 24 hours, it has drawn attention from traders, but some are hesitant to buy in at this stage. Still, several technical indicators suggest that the potential for growth remains.

3. Memebet Token (MEMEBET)

The Memebet Token ($MEMEBET) presale recently concluded, raising an impressive $550,000. This project stands out as the first to blend meme coins with Web3