Next Cryptocurrency to Explode, October 24 — Safe, Raydium, Daddy Tate, Pyth Network

Earning significant ROI in a bull market could mean paying attention to the meme coins and Altcoins with explosive potential. 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 the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future.

Next Cryptocurrency To Explode 

Experts suggest that investors are more likely to discover the next booming crypto among upcoming projects. With this in mind, they should consider the potential of the new presale coin, Flockerz (FLOCK). FLOCK is a new meme coin that offers a unique vote-to-earn reward system, fosters strong community connections, and provides attractive staking benefits. The Flockerz team has already raised $700,000. Further details about the project and its future outlook are shared below.

1. Safe (SAFE)

Safe (SAFE) is positioning itself as the “ownership layer” and the largest smart account ecosystem on the Ethereum Virtual Machine (EVM), according to its official account. The project has secured over $100 billion in value and supports more than 200 projects, including Gnosis Pay and Worldcoin. These projects are deployed across 15 networks, all using the Safe Smart account standard. Safe aims to transform Ethereum accounts into smart accounts, enabling new use cases in areas like AI, staking, gaming, SocialFi, DeFi, and payments.

Today, the largest crypto exchange in South Korea, Upbit, announced the listing of Safe (SAFE) tokens for trading in KRW, USDT, and BTC markets. Following this news, the SAFE token price spiked by over 74%, reaching over $1.75 and pushing the market cap beyond $813 million. At the time of writing, SAFE is trading at around $1.65, reflecting a 64% rise in the past 24 hours.

Recently, the SAFE token became transferable after a DAO vote, with over 99% of participants supporting the move. The token had been locked since its airdrop launch in October 2022. This change has increased liquidity and trading activity, with the token’s price climbing 56% in the past week, reflecting strong market sentiment.

Today, SAFE’s market cap surged by 40%, reaching $637.80 million. The 24-hour trading volume skyrocketed by 3820.73%, hitting $150.66 million, a significant jump from just $13.33 million two days ago. SAFE is now trading over 11,000% above its 200-day simple moving average (SMA). The bullish market sentiment, along with a Fear & Greed Index of 69 (Greed), indicates growing optimism and potential for further growth.

2. Raydium (RAY)

RAY has recently experienced a strong breakout from its support trendline, indicating an upward movement for the Solana-based token. Currently trading at $2.89, there are expectations that RAY may soon surpass the $3 mark. This positive momentum is supported by a bullish crossover in the MACD indicator and a 13.15% intraday increase. If this trend continues, the price could rise to $3.70 in the coming months.

Built on the reliable Solana blockchain, RAY tokens have undergone extensive third-party security audits. They are available on several exchanges, allowing users to participate in liquidity provision, staking, and governance activities.

Raydium has also introduced *Teleport*, a feature that enables cross-chain token transfers from Ethereum Virtual Machine (EVM) networks to Solana. This feature, powered by Circle’s Cross-Chain Transfer Protocol (CCTP) and Wormhole Connect, makes moving assets like USDC between blockchains easier and faster.

In addition, on October 21, Raydium outperformed the Ethereum network in 24-hour revenue, according to DefiLlama. Raydium, operating on the Solana blockchain, generated $3.4 million in fee revenue compared to Ethereum’s $3.35 million.

Raydium is also boosting liquidity by offering rewards to users who provide EURC to the trading pool. By adding EURC, users can earn extra tokens, encouraging more participation and making it easier for everyone to trade EURC.

3. Flockerz (FLOCK)

Flockerz (FLOCK) is an outstanding new presale that features lazy-eyed, smiling hens as its brand focus, breaking away from the usual dog and cat-themed projects. It introduces a unique decentralized community structure where holders actively shape the project through a ‘vote-to-earn’ system. This approach empowers the community, rewarding members for their involvement and creating a more interactive ecosystem.

At the core of Flockerz is a decentralized autonomous organization (DAO) called Flocktopia. Every holder has a voice, allowing for collective decision-making, unlike the chaotic governance models seen in many meme coins. This gives the community real influence over important choices.

By staking $FLOCK tokens, users can participate in decisions like fund allocation and project upgrades. What makes Flockerz even more appealing is that it goes beyond voting—users earn additional $FLOCK tokens every time they engage with the DAO. This encourages ongoing participation, strengthening the bond within the community.

The more you contribute, the more influence and rewards you gain. Flockerz addresses the common problem of voter apathy in DAOs by ensuring community interests align creating an environment where everyone benefits.

Currently in its presale phase, Flockerz offers generous rewards for early investors. With a presale price set at $0.0058394 and over $1 million already raised, investors can stake tokens, earn high returns, and take part in shaping the project’s future.

Buy FLOCK Tokens Now!

4. Daddy Tate (DADDY)

Daddy Tate (DADDY) is currently trading at around $0.1399, with an impressive 30.07% rise in the last 24 hours. Trading activity has also surged, with a 24-hour volume increase of 54.58%, reaching $10.27 million on platforms like CoinMarketCap and Coincodex.

Experts predict that the price might settle between $0.10 and $0.15 throughout the year, driven by industry momentum and community involvement. However, the coin’s all-time high of $0.2886, recorded in June 2024, suggests that Daddy Tate could soon reach new heights if its current momentum continues to attract attention from traders and investors.

From a technical standpoint, Daddy Tate has shown a steady upward trend over the past month. Although it faced resistance levels leading to minor pullbacks, the coin managed to break through each one, which is a positive sign of market strength.

Predictive indicators, like the expansion of Bollinger Bands, suggest the upward trend could continue. The token’s ability to recover after pullbacks points to a bullish sentiment. While some volatility is expected, the coin has the potential for further gains, especially if market conditions remain favorable. Traders should keep an eye on key support and resistance levels, as further breakouts could push the price even higher.

Daddy Tate stands out due to its rebellious branding and focus on building wealth through non-traditional methods, capturing the attention of crypto enthusiasts looking for innovative projects.

5. Pyth Network (PYTH)

Pyth Network is gaining attention as it nears the $0.39 resistance level. Over the past week, the token has seen gains of more than 8%, and over the month, it’s up by 4.5%, showing increased interest from investors. With the Relative Strength Index (RSI) below 50, there is potential for more upward movement. The MACD is close to turning positive, and the stochastic indicators are pointing upwards, adding to the growing momentum.

If Pyth breaks through the $0.39 resistance, it could aim for the next target at $0.43, representing a 20% increase from current levels. Strong support comes from the alignment of the 10-day and 100-day moving averages at $0.35, which adds to the bullish outlook. As the altcoin season approaches, Pyth could be set for notable growth.

Pyth Network is a decentralized Oracle solution that gathers price data from key sources like exchanges and trading firms. Oracles are essential for blockchain ecosystems as they connect off-chain data, such as real-world asset prices, with smart contracts on the blockchain.

Originally launched on Solana and Pythnet, Pyth has expanded to other blockchains through the Wormhole bridge, enabling data transfer across different ecosystems.

Pyth currently has a market capitalization of $1.33 billion and is priced at $0.3674. In the past 24 hours, the token experienced a 9.73% increase, suggesting a potential rounding-bottom reversal. The market sentiment for Pyth remains positive, supported by a bullish price prediction and a high score of 69 (Greed) on the Fear & Greed Index. Additionally, Pyth has had 15 “green days” in the past 30 days, indicating consistent performance.

Read More

• Next Big Crypto Breakout for 2024