Add a caption to your image, 140 characters or less (optional) Earning a solid return on investment in a bull market may mean focusing on meme coins and altcoins that have the potential to break out. However, identifying the next cryptocurrency to break out can take some work, as most funds are attracted to pump assets. The goal of today's article is to identify the next cryptocurrency to break out and introduce each coin to investors and traders. Also included in the article is an overview of market trends for crypto assets that have the potential to achieve significant growth in the future.

The next cryptocurrency to break out

It is at this time that investors and traders take positions to gain gains or take advantage of emerging trends. Experts believe that investors are more likely to find the next breakout cryptocurrency in upcoming crypto projects.

INJ

Injective Protocol (INJ) is gaining traction as a top platform in the DeFi space. It stands out for its decentralized exchange (DEX) functionality and focus on derivatives trading. With zero fees, cross-chain compatibility, and fast transactions, INJ offers an attractive option for traders and developers, especially when compared to Ethereum. As the demand for efficient DeFi solutions continues to grow, INJ is likely to see increased adoption and value by 2024.

Despite a 75% price correction during the six-month crypto downturn, this pullback has brought INJ into solid support. It is worth noting that such pullbacks are usually needed after a large price increase. INJ has risen 4,000% in just 15 months, so this drop has helped stabilize the market.

The key supports are $16.60 and $13.30, both of which are expected to hold. If the price rebounds from here, it could break above the downtrend line and signal gains. The only thing to watch out for is the weekly Stochastic RSI indicator, which is pointing down, suggesting weak momentum. However, the indicator is likely to reverse if the rally continues.

Currently, INJ is trading at $18.90 and could soon test $20 or higher. According to IntoTheBlock’s IOMAP indicator (which compares the current price to the average purchase cost), INJ could continue its upward trend as many addresses remain profitable.

SUPER

SuperVerse’s token SUPER has surged more than 17% in the past 24 hours, thanks to the upcoming launch of a new Web3 action game on its platform. The surge has drawn attention to SuperVerse (SUPER), making it the best performing cryptocurrency among the top 300 digital assets.

SUPER’s price jumped from $0.731 to $0.855, hitting its highest level since June 13. The token’s market cap also climbed to $385 million, making it the world’s 153rd-largest digital asset, according to CoinGecko.

SuperVerse is focused on developing cutting-edge blockchain products, with SUPER at the core of its ecosystem. The token plays a key role in generating revenue and supports various functions within the platform.

One of the main reasons for SUPER’s recent rally is anticipation for the launch of a new Web3 public game on the platform, which is set to launch on September 12. The game features a combat-based territory war with a prize of 30 million tokens, which has boosted excitement and bullish sentiment for SUPER.

Another factor driving the price increase is the growth of TON Station, SuperVerse’s web3 gaming platform on the Open Network (TON) blockchain. The platform has over 6.3 million users, and its success has further fueled optimism. This has led to a 330% increase in trading volume in 24 hours, reinforcing the bullish outlook for SUPER.

ABOUT

MANTRA (OM) is showing signs of recovery as it traded from $0.94 to $1.02. Although the $1.01 resistance was only slightly tested, the coin is in a consolidation phase. Its 10-day and 100-day moving averages are $0.89 and $0.94, respectively. The RSI is at 39.70 and the Stochastic is at 32.99, indicating that OM is oversold, suggesting that a strong rebound could occur soon.

If OM breaks above the resistance, its gains could exceed 100%, making it a promising option for future growth. This technical outlook paints a positive picture for the coin’s trajectory.

In 2024, MANTRA has attracted attention for its regulatory compliance, while being built for institutions and developers. It operates as a permissionless blockchain, but supports permissioned applications. Cosmos SDK, IBC, and CosmWasm compatibility ensure smooth communication and powerful smart contract capabilities. MANTRA has a set of sovereign PoS validators for security and can support up to 10,000 transactions per second, which is extremely efficient.

In addition, MANTRA also provides tools for handling real-world assets that comply with regulatory requirements. It aims to bring traditional users and institutions into the Web3 world and provide a better user experience. This design puts it in a good position as the demand for blockchain solutions that comply with regulatory requirements continues to grow.

Currently, OM is trading at $1.02, up slightly by 0.91% intraday. From a technical perspective, the stock is performing well, trading above its 200-day moving average, which generally indicates a long-term bullish trend. With 15 of the past 30 days in an uptrend, OM has shown steady performance and resilience.

DRIFT

Drift operates on the Solana blockchain and offers a decentralized exchange (DEX) with a variety of trading options and profit opportunities. It focuses on perpetual futures contracts, allowing leveraged and speculative trading with no expiration date. In addition, it offers spot trading to purchase assets directly, as well as swaps to facilitate asset exchanges.

Users can also profit through lending and staking insurance funds. These diverse options can meet different trading strategies and thus increase user participation.

Recently, DRIFT’s price has surged by 16.06%, indicating strong short-term interest. The market is quite active, with a liquidity ratio of 0.3897 and a current price of $0.5394. However, its 14-day RSI is 100.00, indicating that the coin is overbought, suggesting that a pullback may soon occur.

Drift has also introduced prediction markets on its platform. The feature, which launched on August 19, allows users to bet on the outcome of events, similar to Polymarket. Drift’s BET adds a decentralized finance twist, allowing users to earn returns from their trades as events unfold. Additionally, users can hedge predictions through “structured bets,” such as going long on a prediction while going short on Bitcoin (BTC).

Drift’s prediction market volume grew 3,398% in just one week, surpassing altcoins like PolyMarket and demonstrating growing interest in the platform’s unique offerings.