The overall feeling in the market is beginning to look positive. Recently, Bitcoin (BTC) finally rose above $67K and could return to its all-time high of 73K. Meanwhile, Ethereum (ETH) has surpassed $2,600 and may reach 3K if the market stays bullish.
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. Humans.ai (HEART)
Humans.ai is an innovative platform that blends AI with blockchain, aiming to create a framework for ethical AI use. Known as “AI with a heart,” the project focuses on developing a system for AI-based creation and governance, starting with synthetic media. Through its creative studio and token-based system, Humans.ai ensures fair rewards for contributions while promoting accountability and long-term transparency.
What sets Humans.ai apart is its next-generation blockchain platform, which brings together AI tools and a community of users. The platform allows individuals to create and own their digital likenesses, using AI to produce digital assets like synthetic media and AI apps. Blockchain technology ensures transparency by turning these assets into Non-Fungible Tokens (NFTs), providing clear provenance and long-term governance.
Currently, the HEART token, which powers the platform, is priced at $0.01461, showing a 10.46% rise in the last 24 hours. The market cap has also grown by 15.70%, reaching $81.66 million, while 24-hour trading volume has surged by 212.51%, hitting $469.14 thousand. HEART is trading 11.41% above its 200-day simple moving average (SMA), which is $0.01306.
Before the AIvengers unveiling, we made another big move, at the government level.
We presented the H1uman platform to the government of Azerbaijan, speaking with @Mr_UlviMehdiyev, President of the State Agency for Public Service and Social Innovations, and Mr. Mahammadali… pic.twitter.com/abqbxItTor
— Humans.ai (@humansdotai) October 15, 2024
Over the past month, the token has remained positive, with 18 green days in the last 30 days, indicating a 60% positive trend. Additionally, the market sentiment for HEART is bullish, with a Fear & Greed Index of 71, reflecting growing confidence in the token’s upward trend and increasing transactions.
2. XRP (XRP)
XRP’s price could be on the brink of a significant move after two Ripple Whale wallets transferred 100 million XRP. Despite this large transfer, XRP’s price remains at $0.56, and it is unable to retest its support level of $0.66 for a potential upward move.
Many investors expected XRP to challenge its $0.66 support level following the whale activity. However, with XRP still trading at $0.56, some wonder whether the cryptocurrency will rally or face a decline. A price drop could bring XRP down to $0.46, potentially triggering liquidations for those trading XRP futures. On the other hand, if large transfers continue, especially from whales, XRP could rally and see significant growth in the next bull market.
In the meantime, Ripple’s weekly fund flows saw a remarkable 366% increase, reaching $1.1 million, according to CoinShares. This rise reflects growing interest in XRP and suggests a recovery from past price fluctuations, strengthening its position in the digital asset market.
Global banks are evolving to meet the demands of custody and security. 🔐
In this #RippleSwell panel, @SocieteGenerale's Thomas Sullivan describes how they’re adapting to enhance protection and manage risk in today’s complex financial landscape. pic.twitter.com/U9jiCtgd7D
— Ripple (@Ripple) October 16, 2024
Additionally, Ripple’s exchange-traded products (ETPs) surged from $300,000 to $1.1 million, indicating renewed investor confidence. Analysts point to the upcoming U.S. elections as a major factor influencing investment decisions, even more so than monetary policy.
In other news, Bitwise has made strides toward launching the first U.S. XRP exchange-traded fund (ETF). In a recent filing with the SEC, Bitwise provided details on how it plans to protect assets and manage trading. The XRP assets in the ETF will be stored securely through Coinbase Custody, with most funds kept in cold storage and only occasional transfers to hot wallets when necessary for trading and other expenses.
3. Membet Token (MEMEBET)
Memebet Token is looking to shake up the crypto casino world by focusing on the meme-driven community. Unlike traditional casinos, it brings popular meme coins into the mix as wagering assets, creating a fresh and exciting experience. This approach appeals to “degen” gamblers, making Memebet a unique and user-centered platform.
Many traditional crypto casinos miss the excitement that comes from meme culture, but Memebet Token fills that gap. It offers a gambling platform designed specifically for meme enthusiasts, boosting user engagement and setting itself apart from others in the market.
Players can use meme coins for betting, adding a new twist to the gambling space. The platform is built by Degens for Degens, making it a perfect fit for the community. By combining meme culture with gambling, Memebet Token offers an unmatched experience.
Recently, Memebet Token announced its casino’s upcoming launch, creating excitement in the community. Players can buy and wager with $MEMEBET to qualify for Airdrop Season 1, encouraging active participation when the platform goes live.
In its presale phase, Memebet Token has raised $473,936.08, with a current price of $0.0259. However, this price will only be available for the next 40 hours. The more tokens users wager, the bigger their airdrop rewards, incentivizing involvement.
Memebet has been featured in major media outlets such as Techopedia, Bitcoinist, Finbold, Cryptonews, and News BTC. These partnerships are helping to increase its visibility and attract new users, ensuring the platform continues to grow.
Visit the Memebet Token Presale
4. FTX Token (FTT)
The price of the FTT token has made a strong comeback with a significant overnight surge following the crypto market recovery. Some analysts speculate that the token might climb to $3, though they caution it could be a whale trap. However, the token has seen a 16% rise, forming a bullish engulfing candle that indicates a recovery from the 50-day EMA. This bullish move completes a double-bottom reversal from the $1.76 support level, pushing FTT back over the key $2 psychological mark.
As momentum builds, both the MACD and signal lines are hinting at a potential bullish crossover. The shrinking bearish histograms support this view, indicating that the FTT token might continue its upward trend.
Looking at the price action, the next resistance levels are $2.50 and $3.13, while the support levels remain at $1.76 and $1.48. The current candle shows a rejection of lower prices, suggesting that bullish sentiment is growing as the token maintains its position above $2.
Currently, FTT is trading between $1.83 and $2.96, with a strong 63.63% increase in the past month. If it breaks through the $3.13 resistance, the next target is $4.60. The 10-day Simple Moving Average of $2.15 points to short-term stability, while the 14-day RSI of 45.53 and Stochastic of 19.91 suggest the token is oversold, which could lead to a price rise soon.
This bullish pattern indicates that spot buyers are accumulating FTT at key support zones, positioning the token for potential gains during “Uptober.” Analysts predict that if the buying pressure continues, FTT could reach $4 in the next market cycle.
5. Virtuals Protocol (VIRTUAL)
Virtuals Protocol (VIRTUAL) is an innovative cryptocurrency focused on transforming virtual interactions using AI and Metaverse technology. It acts as the infrastructure for plug-and-play gaming AIs that are co-owned and human-curated. Virtuals Protocol is helping to push the boundaries of artificial intelligence in immersive virtual environments.
By integrating AI, the protocol enhances how users interact within virtual worlds, making experiences more dynamic and interactive. This makes it a valuable tool for developers and users who are eager to explore the future of digital interaction, particularly within the Metaverse.
Currently, VIRTUAL is priced at $0.09424, reflecting an 8.32% increase over the last 24 hours. Its market cap has also grown by 8.32%, reaching $94.24 million, while trading volume surged by 426.72% to $7.46 million. In the past month, VIRTUAL had 23 positive trading days, which accounts for 77% of the period.
Co-ownership of AI Agents is now live on @base, powered by #VIRTUAL
Buy, trade and create AI Agents now at https://t.co/eNr7UssUfw
Here’s how to get started: pic.twitter.com/VO2lfN1MKm
— Virtuals Protocol (@virtuals_io) October 16, 2024
The sentiment around VIRTUAL remains bullish, as reflected by a Fear & Greed Index score of 71 (Greed). This shows growing optimism and an increase in token transactions. With strong fundamentals and a supportive crypto community, VIRTUAL is poised for future growth. If collaborations with other networks are announced, VIRTUAL’s value could rise further. If the market continues its bullish trend, the token’s price could remain stable, with a promising outlook for 2024.
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Next Cryptocurrency to Explode, 2024
