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Cryptocurrency News Articles

Next Cryptocurrency To Explode: Flockerz (FLOCK), PolySwarm (NCT), Uniswap (UNI), Beldex (BDX), Celo (CELO)

Oct 11, 2024 at 04:38 am

Earning significant ROI in a bull market could mean paying attention to the meme coins and Altcoins with explosive potential.

Next Cryptocurrency To Explode: Flockerz (FLOCK), PolySwarm (NCT), Uniswap (UNI), Beldex (BDX), Celo (CELO)

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Making significant gains in a bull market could involve paying attention to meme coins and Altcoins with explosive potential. 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 the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future.

Next Cryptocurrency To Explode

Experts believe investors have a better chance of finding the next cryptos to explode among upcoming crypto projects. With that in mind, investors should explore the potential of the new presale coin, Flockerz (FLOCK). This unique meme coin offers all-new vote-to-earn rewards, strong community-building, and impressive staking benefits. The Flockerz team launched its project late last month and quickly raised over $0.5 million. Updates on the project and its prospects are shared below.

1. PolySwarm (NCT)

PolySwarm surged strongly, rising 4.02% in the last 24 hours. It also shows impressive liquidity with a volume-to-market cap ratio of 0.4683. This has caught the attention of investors, mainly due to its unique role in the growing cybersecurity field.

PolySwarm isn’t just about price movement; it’s a crowdsourced threat intelligence platform. It uses Ethereum smart contracts to detect new and emerging threats. What makes PolySwarm stand out is its PolyScore system, which ensures early and accurate threat detection. Users get NCT token rewards for their contributions, and these tokens also provide access to valuable insights within the network.

The platform also prioritizes security, using a bug bounty program and professional audits to maintain safety and reliability. By bringing together global security experts, PolySwarm promotes innovation and competition in threat detection, offering solutions that can outpace traditional methods.

#DragonForce is a #ransomware as a service (#RaaS) that has significantly evolved in the past year, making it a formidable threat. @GroupIB's latest report sheds light on its capabilities. Check out our blog for more info and PolySwarm’s samples.https://t.co/DtCn7Q6aUO

— PolySwarm (@PolySwarm) October 4, 2024

In terms of long-term performance, PolySwarm is doing well. It’s trading over 101% above its 200-day simple moving average, with a price increase of 193.41% in the past year. It has outperformed 77% of the top 100 crypto assets. However, with a 14-day RSI of 73.74, a pullback could be expected as the token may be overbought.

2. Uniswap (UNI)

Uniswap (UNI) shows a strong price increase today, while many other major cryptocurrencies are experiencing a downturn. This recent price action reflects growing excitement around a potential breakout, suggesting UNI could see further gains soon. Another important factor driving this rise is the increased activity within the Uniswap ecosystem.

One analyst recently expressed a highly bullish outlook on UNI, stating that the token is on the verge of a significant breakout. It has bounced off daily and weekly support levels, showing resilience in its price movement. The analyst also praised the Uniswap ecosystem, calling it one of the strongest in the crypto space and pointing out its rapid expansion. With this momentum, UNI could even rank among the top five cryptocurrencies in the current market cycle.

On the charts, UNI/USDT is attempting to break out from a descending resistance line that has held the price down for a while. This breakout is a solid bullish indicator and supports the view that UNI is set for a significant upward move. UNI has consistently found support between the $6.00 – $6.50 range, showing solid buying interest. This area has formed double and triple bottom patterns, reinforcing its importance as a support level.

UniswapX is live on the mobile app

Access aggregated liquidity across onchain and offchain sources while swapping on-the-go

Plus, there's no gas fees on swaps 🫡 pic.twitter.com/wEkWYLKvv1

— Uniswap Labs 🦄 (@Uniswap) October 7, 2024

Currently, UNI is testing the $7.50 – $8.00 range, with bullish momentum driving the price higher. A 3.99% price rise today signals increasing interest, and upside targets are now within reach. In addition, Uniswap Labs is preparing for Uniday

News source:insidebitcoins.com

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