Cryptocurrency prices have been fluctuating for a while now, and the overall feeling in the market is bearish. Bitcoin (BTC) is struggling to get back to $60K and above, and Ethereum (ETH) is striving to stabilize at $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.
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. Pyth Network (PYTH)
Pyth Network (PYTH) is trading between $0.2327 and $0.2979, offering a promising opportunity as it nears key resistance at $0.34. With solid support at $0.21 and a weekly rise of 11.67%, PYTH has shown strength despite a slight 0.83% dip over the past month. The neutral momentum, indicated by the RSI and Stochastic, suggests that the coin is preparing for its next move. If PYTH builds momentum, it could rise 35% to $0.40, indicating a potential recovery for strategic investors.
Pyth Network plays a key role in decentralized finance (DeFi) by providing accurate, real-time market data to blockchain platforms. This data is essential for the smooth operation of smart contracts and other DeFi applications. One of its standout features is its decentralized Oracle system, delivering direct data from financial institutions and exchanges. With updates every 300-400 milliseconds, Pyth ensures that even slight delays don’t affect financial operations.
2. Drift (DRIFT)
Drift’s price surged 21% in the last 24 hours, trading at $0.6948 as of 3 a.m. EST. This sharp rise was fueled by a 75% increase in trading volume, which reached $57.6 million. Over the past week, DRIFT has jumped 63%, up 108% for the month. A major driver of this growth is the launch of the BET capital-efficient prediction market, which has sparked excitement within the DeFi sector.
3. Pepe Unchained (PEPU)
High transaction fees and long processing times on the congested Ethereum network have slowed the original PEPE’s performance, leading to a less-than-ideal user experience. Pepe Unchained (PEPU) aims to fix these problems by moving PEPE transactions to its sidechain. This change will boost transaction speeds up to 100 times compared to meme coins on Ethereum while significantly lowering fees.
Part of the growing interest in $PEPU is due to the 158% APY offered to early stakers. Investors can buy $PEPU using ETH, USDT, BNB, or a bank card through a simple widget on the project’s website. To earn these rewards, tokens must be locked via the staking page. Currently, $PEPU is available for purchase at $0.009651, with a price hike expected in less than 2 hours, so early buyers should act quickly.
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