Next Cryptocurrency to Explode: PEPU, PYTH, SEI, XRP, and SXP

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.

The overall market sentiment is surprisingly bearish, and cryptocurrency prices have been volatile for a while now, including Bitcoin (BTC). BTC is struggling to stay above $60K after touching 63K late last month. Meanwhile, Ethereum (ETH) is currently trying to stabilize at $2,400.

However, identifying the next cryptocurrencies to explode can be challenging as most funds are quickly attracted to pumping assets. Today’s article will highlight the performance of cryptocurrencies that have topped the gainers list in the last 24 hours. The goal is to identify coins with potential and provide investors and traders with insights into each token.

Next Cryptocurrency To Explode

Today’s article will cover the performance of some potentially explosive cryptos that investors should add to their watchlist. There’s also a special mention of Pepe Unchained, a new Pepe-themed meme coin that launched on its Ethereum Layer 2 blockchain. It attracted over $150,000 in investments within minutes. Here are the details of its presale and the performance of the top-performing cryptos today:

1. Pyth Network (PYTH)

Pyth Network (PYTH) is showing signs of a positive turnaround, bouncing back from a key support level of $0.05. A breakout pattern could indicate a rally backed by a local trendline. The RSI is also rising from the middle range, indicating increasing momentum. If this recovery continues, the next target is the 200-day EMA. According to Fibonacci levels, the price might reach $0.050, with a potential spike to $0.067 depending on market conditions.

Recently, Pyth Network achieved the highest Total Transaction Value (TTV) within the Oracle sector, showcasing its strong performance. The network has also launched its EIGEN/USD price feed, which is now accessible across more than 75 blockchains. The $EIGEN token, which is tied to the @eigenlayer protocol on Ethereum, plays a key role in enabling restaking within the network.

Built by DeFi natives, for DeFi natives.@Uniswap has selected Pyth Network to bring real-time data to their new blockchain, Unichain.

Find out what it means for developers, degens, and all of DeFi ⬇️ pic.twitter.com/TNqmX2D6PJ

— Pyth Network ? (@PythNetwork) October 10, 2024

At the moment, Pyth’s neutral momentum, seen in the RSI and Stochastic indicators, suggests the coin is preparing for its next move. If it gains momentum, PYTH could rise by 35% to reach $0.040, signaling a potential recovery for strategic investors.

Pyth Network is a vital player in decentralized finance (DeFi), providing real-time market data to blockchain platforms. This data is critical for running smart contracts and DeFi applications smoothly. Its decentralized Oracle system, which delivers data directly from financial institutions and exchanges, stands out. With updates every 300-400 milliseconds, Pyth ensures that financial operations remain efficient without delays.

2. Sei (SEI)

Sei (SEI) is currently trading between $0.38 and $0.50, close to its support level at $0.32 after a recent 3.5% increase in the past week. Over the last month, SEI has seen a strong 49.61% increase, showing good growth potential. The next resistance levels to watch are $0.56 and $0.69. If SEI breaks through these, it could lead to significant gains, potentially pushing the price 38% higher than its current range.

SEI has been building momentum for 287 days, and the altcoin is now showing signs of a potential breakout. It has secured a position above the 0.236 Fibonacci level, which is a key support point. Investors are eager to see if SEI can break out of its long accumulation phase and make a strong move upward.

The fact that SEI has stabilized above the 0.236 Fibonacci retracement level is a good sign that investors are holding steady. If SEI can break this level, stronger upward movement may follow. SEI is also forming a bullish flag pattern, which is often a signal for an upcoming breakout. If SEI clears its current resistance, it could trigger the next major rally.

? @infygamestech – Celebrating the migration to Sei with a Community Reward Campaign.https://t.co/WIZE7XHQed

— Sei ?? (@SeiNetwork) October 10, 2024

While nothing is certain, SEI looks ready for a bigger move. The completed Adam & Eve pattern, combined with the bullish flag, shows growing strength. If SEI breaks out

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