Every day, the cryptocurrency market experiences changes and developments that shape investment choices. Last month, the cryptocurrency market experienced heightened volatility as several tokens experienced price fluctuations. But things are already starting to look up for smart investors.
The crypto market is observing a noteworthy increase in trading signals, leading investors to actively search for the next promising token. However, being able to spot the next cryptocurrency to explode amidst this abundance requires a thorough understanding of the market dynamics. Today’s article identifies coins with some potential and informs investors and traders about each token.
Next Cryptocurrency To Explode
Today’s review highlights promising cryptocurrencies that investors should keep an eye on. Among these is a new project called FreeDum Fighters. FreeDum Fighters is a satirical token that combines crypto with political drama. Currently, in stage 1 of its presale, the project has already laid out a clear roadmap. Investors looking for something fresh should consider adding FreeDum Fighters to their watchlist.
1. BinaryX (BNX)
Earlier this month, BinaryX (BNX) experienced a drop of over 13.42% in a bearish market. However, it has since recovered slightly, rising by 4.02% and now trading at $0.6643. Additionally, trading volume increased by more than 19% in the last 24 hours as more buyers showed interest. This recent movement has led some analysts to predict that BNX could continue to grow.
For the bullish trend to gain strength, BNX needs to break through its resistance and turn it into support. Based on current chart patterns, the price could rise to $1.5 and maybe even reach $1.9 if this happens.
As a key player in the GameFi space, BinaryX aims to transform gaming with sustainable economic models and engaging experiences. Built on Binance Smart Chain (BSC) as a BEP-20 token, BNX benefits from high security, supported by a Certik audit score of 83.
Crypto's been wild lately, but don't forget to touch some grass! 🌱💻
Take a break, get some fresh air, and let your gains grow while you chill. 😎 #TouchGrass #BinaryX #crypto #BinaryXCommunity pic.twitter.com/JaPpF68ITJ
— BinaryX (@binary_x) October 12, 2024
Despite its current lower price, BinaryX has shown strong long-term performance. Over the past year, BNX has surged by 168%, outperforming 65% of the top 100 cryptocurrencies. This makes it a compelling option for investors interested in the expanding GameFi sector.
2. Axie Infinity (AXS)
Amid increased market volatility, the price of AXS has surged by about 13% in the past 24 hours, with a trading volume of $130.02 million, reflecting a 590.81% increase. Moreover, it is close to breaking out of its triangle pattern, signaling strong bullish sentiment. The Relative Strength Index (RSI) shows a sharp rise towards the overbought range, suggesting a growing buying interest in the altcoin.
If the bullish momentum continues, AXS could retest its July high of $6.70 in the near future. However, if the bears regain control, the price might fall back to the support trendline of the triangle pattern.
Since its launch, AXS has delivered impressive returns, with a return on investment (ROI) of 3,713.12%, despite the ups and downs in the market. Its solid performance has caught the attention of many investors, who are now considering whether to invest before prices rise further.
1/ Axie Delegation is LIVE!
Good day, manager! ☀️
A few years ago, the three words above echoed in Discord servers around the world.
Axie Infinity was introducing Play-to-Earn to millions of gamers through a rental model with scholars and managers.
Today, we’re bringing it… pic.twitter.com/NubIxR2lfO
— Axie Infinity (@AxieInfinity) October 17, 2024
If a bullish reversal occurs, AXS could gain momentum and test its upper resistance level at $5.450. On the other hand, a bearish move could pull the price towards its key support level of $4 in the coming weeks.
With minimal recent price swings, AXS appears more resistant to significant downturns, contributing to the asset’s steady growth. If the upward trend continues, AXS could potentially reach $10.12 by the end of 2024. Additionally, the growing NFT marketplace, with promising future events, suggests a bright outlook for Axie Infinity. If the network successfully executes its plans, the price could hit $14.23 by the end of 2025.
3. FreeDum Fighters (DUM)
FreeDum Fighters is a unique and satirical token project that blends cryptocurrency with political theater. Investors can support their favorite mechanized candidates, MAGATRON and Kamacop 9000, while also enjoying the potential for financial rewards. The project’s presale stages offer varied pricing and allocations, attracting early investors.
There are four stages in the FreeDum Fighters presale. Firstly, Stage 1, called “The Primaries,” offers 20% of tokens at $0.00005 each. Then, in Stage 2, “The Caucus,” 25% of the tokens are priced at $0.000075. Moreover, Stage 3, “Convention,” allocates 30% of tokens at $0.0001, reflecting the project’s progress.
Lastly, in the final stage, known as “The General Election,” tokens are priced at $0.000125. If the token gains momentum after launching on exchanges, it could see a significant price surge.
If Donald Trump wins a second term, FreeDum Fighters’ value could skyrocket, potentially leading to a 10x or more gain. However, since the token is linked to both candidates, either election outcome could lead to bullish results for its price.
Enter to win 5000 $USDT and 5000 $DUM 👇 https://t.co/YTV4nWrAYb
— FreeDum Fighters (@Freedum_Fighter) October 18, 2024
The tokenomics are also appealing, with 20% set aside for liquidity, 20% for staking, and 40% for presale allocations. With an impressive APY of 28,755.30%, FreeDum Fighters offers both financial opportunities and political entertainment. Join FreeDum Fighters today and secure your tokens in this innovative and entertaining project.
Visit the FreeDum Fighters Presale
4. FLOKI (FLOKI)
Analysts are showing optimism about FLOKI, suggesting it might be set for a significant price rally. Recent technical analysis indicates that FLOKI has broken out of a falling wedge pattern, which could lead to a 100-150% increase in value. After trading within this pattern for several months, the breakout signals a potential bullish reversal.
A confirmed break from the upper trendline has sparked hope for further growth. Analysts see this as a shift in market dynamics, where buying pressure could surpass selling, leading to long-term gains. Typically, a falling wedge pattern signals that prices will rise once a breakout occurs, making it a bullish formation.
The breakout point, around $0.00017000, is viewed as the immediate resistance level. For the bullish trend to continue, FLOKI’s price must stay above this mark. If it holds, the breakout could encourage more buying. On the downside, the lower trendline has offered strong support, with additional backing at $0.00011500, a key level before the breakout. These levels will be critical in maintaining the uptrend if a pullback happens.
In the past 24 hours, FLOKI’s price has risen by 6.34%, reaching $0.0001611, with a slight dip in trading volume by 3% to $242.95 million. Over the last seven days, the token has gained 13.49%, but it faced resistance at $0.000155 for the third time this week.
Vikings, the storm has settled, and the results are in!
The "Unleash the Thunder" event in Valhalla was a resounding success, with warriors from across the world battling fiercely and contributing to our new structure, The Tempest Forge.
As the event drew to a close, a… pic.twitter.com/VbdTzaBaF3
— FLOKI (@RealFlokiInu) October 19, 2024
Additionally, FLOKI has seen exciting developments, including the announcement of Hafthor Bjornsson as the official ambassador for its MMORPG, Valhalla, which has increased engagement with the token.
5. Pendle (PENDLE)
Pendle has made a name for itself in the yield trading protocol space by allowing users to tokenize and trade yields separately from underlying assets. This week, the price of PENDLE surged by 16.25%, with a 10% rise in the last 24 hours, reaching around $4.72.
After breaking out from a downtrend at $3.36 on September 19, followed by a successful retest, PENDLE now sits at a resistance level. A breakout above $4.80 could trigger a significant rally, with the price potentially climbing to $6.26, marking a 32.63% increase from its current position.
The broader market’s positive sentiment, often influenced by Bitcoin’s performance, is also lifting tokens like PENDLE, which focus on innovative financial models. The token has displayed clear breakout patterns from downtrends, with retests serving as confirmation of potential price increases. Moreover, Pendle’s utility in bridging traditional finance with DeFi through real-world asset (RWA) tokenization adds value, attracting both speculative and long-term investors.
Wake up babe, Ethena published this week's APY at 12%
Don't wanna lose upside on BTC or ETH?
– Lend BTC/ETH on Aave
– Borrow USDT at 5%
– Zap into Pendle’s sUSDe (Mar 2025) pool for 17.5%-21.6% APY
Juicy, zero IL yields (as long as held to maturity) while being long BTC or… https://t.co/kPI9oOTi8e pic.twitter.com/QXGqHqJJSv
— Pendle (@pendle_fi) October 18, 2024
Pendle has seen strong growth, driven by updates to its smart contracts and new partnerships, which show its commitment to improving its platform and expanding its role in the DeFi space.
Some predictions suggest that Pendle’s price could reach $12.73 by the end of the year. If current momentum continues, it could rise to $6.31, although increased selling pressure might push it down to $3.16. Despite potential volatility, the overall outlook for Pendle remains optimistic, with expectations of continued bullish growth.
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Next Big Crypto Breakout for 2024
