Cryptocurrency prices have fluctuated for a while, and the overall feeling in the market is bearish. Bitcoin (BTC) has surged past $62K, while Ethereum (ETH) has stabilized above $2,500.
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 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 Pepe Unchained, a new Pepe-themed meme coin launched on its Ethereum Layer 2 blockchain. Within minutes, it attracted over $150,000 in investments. The details of its presale and the performance of the top-performing cryptos today are shared below.
1. Chainlink (LINK)
Chainlink (LINK) has recently gained attention due to increased activity from “whales,” or large investors who strongly influence the market. In the last 24 hours, whale activity surged 293%, leading to major price movements. This has been fueled by Chainlink’s growing integration into institutional platforms, which enhances security and transparency, making the token more attractive to investors.
Over $82 million in transactions were processed within this period, mostly through Binance. This spike in trading volume has sparked speculation that large investors are becoming more involved, signaling confidence in Chainlink’s future growth.
Much of this interest comes from institutional investors and major funds, which has resulted in increased market volatility. Institutions’ adoption of Chainlink’s decentralized oracle network is a key factor driving this activity. These platforms value Chainlink’s ability to secure and automate complex processes, reflecting a broader trend toward the institutional use of blockchain technology.
With $170M+ in total volume and 300K+ total swaps across chains, #ChainlinkBuild member @xswap_link is leveraging CCIP's industry-standard infrastructure to become a pioneering force in the growing cross-chain ecosystem. pic.twitter.com/ajcfqBDNOG
— Chainlink (@chainlink) September 23, 2024
Chainlink’s price chart shows a downtrend from March 2024 to late September. However, LINK recently broke out of this descending channel at around $10.50, suggesting possible bullish momentum. The price faces resistance near $12.35, with the next major obstacle at the 200-day moving average of $14.30. While this breakout shows potential for a trend reversal, sustained upward movement is needed to confirm the change.
2. dogwifhat (WIF)
DogWifHat (WIF) has recently experienced a surge in social sentiment, with its upward momentum beginning on September 24. In the past 24 hours, WIF has gained 12.5%, bringing its current price to $2. The meme coin had been stuck around the $1.5 level for nearly a month, but bullish movement followed after news of a rate cut last week.
On Friday, DogWifHat jumped by 18%, outpacing other meme coins. This impressive performance has now positioned WIF as the fourth largest meme coin. With a market cap of $1.9 billion, WIF has grown by 32.25% in the past week. Investors are eager to see if this momentum could lead to a new all-time high (ATH). Solana (SOL), the blockchain supporting DogWifHat, also saw a 13% rise, reaching $149. These positive trends have created a favorable environment for meme coins, especially WIF.
wif the last bear in captivity, solana is at peace. pic.twitter.com/PDcOHGbU1p
— dogwifcoin (@dogwifcoin) September 24, 2024
While the hype around meme coins can cause rapid price shifts, investors should stay cautious. The market is unpredictable, and past success does not always lead to future gains. Many wonder if a new ATH is on the horizon as WIF continues gaining attention. If broader market conditions remain favorable, DogWifHat might break through its recent price levels. For now, investors need to monitor market trends and technical indicators.
If DogWifHat proves to be a solid investment in 2024, it could see more growth. The optimistic price prediction for 2024 is $2.906. However, if negative sentiment emerges, the bearish prediction could drop to $1.072.
3. Pepe Unchained (PEPU)
Pepe Unchained (PEPU) is setting itself apart from other meme coins with its own Layer 2 chain built on Ethereum. This development gives it advantages such as faster transactions, better scalability, and much lower fees than Ethereum’s limitations.
PEPU has already raised over $15 million, surpassing its $14 million goal. As the project celebrates its three-month anniversary, it seems well-positioned for future growth. Some investors believe that if PEPU gets listed on Binance’s spot market, its current price of $0.00985 could be a great opportunity for big returns, similar to what $NEIRO achieved after its ICO.
An incredible $15M raised! 🔥
Get warmed up for the biggest launch of this bull season! pic.twitter.com/EyDn4uzZ6z
— Pepe Unchained (@pepe_unchained) September 24, 2024
With its blockchain, Pepe Unchained is part of the new wave of meme coins, offering something unique. As a Pepe-themed token, $PEPU has gained attention. Contessoto, the SlumDOGE Millionaire on X, sees potential for PEPU to leverage the Pepe meme into 2025.
In addition, token holders can earn passive income through PEPU’s staking system, which offers an impressive annual percentage yield (APY) of 140%. The popular crypto YouTube channel 99Bitcoins, with over 706K subscribers, believes PEPU has the potential to grow 100x after its launch.
Right now, you can buy $PEPU for $0.00985 per token. With a price increase expected soon, now might be the best time to invest. You can purchase $PEPU using ETH, USDT, or a bank card directly from the official website to join the presale.
Visit the Pepe Unchained Website Here
4. Chiliz (CHZ)
Chiliz is a fintech company from Malta that has introduced a unique way for fans to engage with their favorite sports teams through blockchain. Its native token, $CHZ, operates on the Chiliz blockchain, built on Ethereum. The token helps connect fans to their preferred clubs and allows the creation of special digital collectibles. Beyond its platform, Chiliz enables broader fan interactions, making it an appealing long-term investment for sports enthusiasts and crypto investors.
Recently, $CHZ has shown signs of growth, with analysts suggesting it could offer good buying opportunities, especially if Bitcoin (BTC) stays stable. Currently, $CHZ is trading at $0.06608, reflecting a 9.12% increase over the past day. Its steady performance over the last week and month shows the token’s resilience in the current market.
In related news, Chiliz CEO Alexandre Dreyfus has announced an upcoming airdrop of PEPPER tokens to $CHZ holders on major exchanges outside the U.S. This initiative is part of the launch of PepperChain, a new project tied to Chiliz.
$PEPPER Airdrop 🪂🎁
Here is everything you need to know 👇
📅 September 30th, 12:00 PM CEST
✅ Eligible by holding at least 100 CHZ on Chiliz Chain or staking at least 100 CHZ on https://t.co/YaHsgwm7ze
🌶️ 150,000 $PEPPER airdropped for every 1 CHZ hold/staked
🌐 @PepperChain
— Chiliz – The Sports Blockchain ⚽🏆 (@Chiliz) September 18, 2024
The airdrop aims to reward loyal $CHZ holders and strengthen the community’s involvement with the new PepperChain ecosystem. While more details about the distribution are yet to be released, this event promises to provide additional benefits to long-term Chiliz supporters through the PEPPER token.
5. Sui (SUI)
SUI is a Layer 1 blockchain designed to make digital asset ownership fast, private, secure, and easy for everyone. It has become one of the top performers in the recent crypto market recovery. Over the past 30 days, SUI’s price has surged by around 80%, pushing its market cap to over $4.6 billion as of September 25.
There are noticeable similarities when comparing SUI’s current chart to Solana (SOL) in 2021. Solana went from $1.50 to $259.96 during that period, and SUI, now trading at $1.73, is showing similar price action. This has led some analysts to predict that SUI might experience explosive growth like Solana, offering investors potentially high returns. Analyst Martinez sees this comparison as a signal for investors to watch.
On September 17, SUI was ranked 10th in the industry for Total Value Locked (TVL). This ranking reflects the project’s efforts to secure decentralized finance (DeFi), giving the SUI community access to strong on-chain digital dollars.
🚨BREAKING: Sui now has $9️⃣0️⃣0️⃣,0️⃣0️⃣0️⃣,0️⃣0️⃣0️⃣ Total Value Locked, now coming in at #8 of all chains for TVL 🎉
That’s a 3,285% increase in just 1 year 💪
And there’s still 8 days left in #Suitember 🤯 pic.twitter.com/DznCFDOq8h
— Sui (@SuiNetwork) September 22, 2024
Additionally, a well-known crypto strategist, Bluntz, highlighted SUI’s recent rally, suggesting it might soon reach a new all-time high. He pointed out that the token has been in a technical uptrend, with higher highs and higher lows on its daily chart. Bluntz believes that SUI could surprise investors with further growth in the coming weeks or months.
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