Next Cryptocurrency to Explode: Unveiling the Top 5 Cryptos with High Growth Potential

Today's article discusses the performance of potentially explosive cryptos that investors should add to their watchlist.

Bitcoin (BTC) finally rose above $67K on Thursday after struggling to return to its all-time high of 73K. Meanwhile, Ethereum (ETH) fell below $2,500 once more as investors still anticipate the next bull run. Determining the next cryptocurrency to explode might be challenging as most funds are attracted to pumping assets. However, this article will explore the performance of cryptocurrencies that have a lot of growth potential, especially during the Uptober bull run. The objective is to identify coins with some potential and inform investors and traders about each token. 

Next Cryptocurrency To Explode

Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Memebet Token. This new Telegram-based betting platform allows users to bet using meme coins for the first time, generating excitement among crypto enthusiasts. The details of its presale and the performance of the top-performing cryptos today are shared below.

1. FTX Token (FTT)

FTX Token (FTT) has shown strong resilience with an impressive gain of over 18%, currently trading at $2.043. In the last 30 days, FTT has surged by 37%, making it a standout in the market. On the 1-hour chart, FTT is forming a symmetrical triangle, indicating that a breakout could be near as the price tightens in a consolidation phase. Traders are keeping a close eye on the potential for an explosive move.

If FTT breaks upward past the downtrend line at $2.10, bulls might drive the price higher, resulting in rapid gains. Alternatively, FTT could test its support line around $2.01. Should it bounce from this level, a breakout could follow. In either scenario, a breakout from this symmetrical triangle would likely push FTT toward its next key resistance around $2.15.

FTX Token (FTT) is currently trading between $1.43 and $2.94, holding above its 100-day simple moving average of $1.96. This signals an upward trend. The Relative Strength Index (RSI) sits around 51, suggesting neutral momentum. The nearest resistance is just under $4, and if FTT can break past this level, it may aim for the next resistance near $5.50, offering a strong potential increase from current prices. Although FTT saw a slight 4% dip in the past week, the overall trend still looks positive.

2. Kaspa (KAS)

Kaspa is a proof-of-work cryptocurrency that uses the GHOSTDAG protocol to stand out. Unlike standard blockchains, GHOSTDAG enables blocks created simultaneously to exist together in consensus, forming a blockDAG instead of a traditional chain. This structure supports rapid block creation—currently at one block per second, with ambitions to reach ten and eventually 100 blocks per second.

Kaspa’s confirmation times are impressively short, mainly limited by internet speed. The project also introduces unique features, such as Reachability, which allows users to check the DAG’s structure, and data pruning, which includes plans for block header pruning. Additionally, Kaspa supports SPV proofs and will soon add subnetworks, paving the way for easier layer two solutions in the future.

Another great interview, speaking to the priorities of Kaspa, including the breakthrough tech of #GhostDAG and the ongoing innovation of #Kaspa on #Rustlang. https://t.co/NMDkX0qIoS

Plus, some Alpha on Shai’s cooking abilities!

Dr @DesheShai is the 1st guest of @Hardymehta… pic.twitter.com/87j0LaJcDV

— Kaspa (@KaspaCurrency) October 27, 2024

Kaspa (KAS) is currently trading around $0.13, aligning with its 10-day and 100-day simple moving averages, which signals steady pricing. With a range between $0.12 and $0.14, the coin is consolidating after a recent pullback. Additionally, the RSI at 45 and Stochastic at 29 suggest KAS may be oversold, indicating a possible bounce. Should KAS break above the immediate resistance of $0.15, it could push toward $0.17, potentially offering a gain of over 30%.

Though KAS has seen a 30% drop in the past month, the upcoming altcoin season could spark new growth. Supported by solid fundamentals and an engaged community, Kaspa has promising potential. If the project secures partnerships with other networks, the coin’s price could potentially exceed $0.94 by 2024.

3. Memebet Token (MEMEBET)

Meme