Cryptocurrency prices have been fluctuating for a while, and the overall feeling in the market is bearish. Bitcoin (BTC) has surged past $60K, while Ethereum (ETH) is still striving to stabilize at $2,500.
Cryptocurrency prices have shown signs of fluctuation, with the overall market sentiment leaning towards the bearish. As Bitcoin (BTC) surges past the $60K mark, Ethereum (ETH) continues to strive for stabilization at $2,500.
With a vast pool of cryptocurrencies available, identifying the next coin set to explode might require substantial effort, especially as large funds are eager to pump assets. This article aims to highlight the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours.
Our objective is to identify coins with potential and keep investors and traders informed about each token.
Today's article will discuss 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 that launched on its Ethereum Layer 2 blockchain and attracted over $150,000 in investments within minutes. The details of its presale and the performance of the top-performing cryptos today are shared below.
1. Near Protocol (NEAR)
NEAR Protocol (NEAR) is designed to offer a user-friendly and developer-friendly platform for building decentralized applications. Currently priced at $4.45, NEAR has seen a rise of 11.96% in the past 24 hours and boasts a market cap of $5.03 billion, ranking it #19 by market capitalization.
With a strong focus on scalability and ease of use, NEAR is gaining popularity among developers who seek alternatives to more congested networks. As the demand for decentralized applications grows, NEAR could experience steady growth, setting it apart from high-growth tokens that often see rapid, short-term spikes.
NEAR Protocol’s unique sharding technology and low transaction fees solve some of the biggest challenges in blockchain today. This innovative approach makes NEAR a strong contender for growth as more sectors adopt the technology.
Compared to Ethereum, NEAR is a faster, more scalable option with lower transaction fees. Sharding plays a key role in this. It can be compared to a busy supermarket with only one cashier open, causing long lines. Adding more cashiers removes the line, like sharding reduces network congestion, making NEAR a more efficient alternative.
2. Popcat (SOL) (POPCAT)
Popcat (SOL) (POPCAT) is a playful cryptocurrency inspired by the popular Popcat meme. It embraces a community-driven approach. It is built on the Solana (SOL) blockchain, which gained momentum in 2024 thanks to its meme coin generator and the Pump.fun marketplace, Popcat benefits from fast, low-cost transactions. This makes it attractive to the crypto community, especially with the growing trend in meme coins.
Currently, Popcat (SOL) is priced at $0.9045. If the current trend continues, it could reach $1.3 and $2.83 resistance levels. However, if the trend reverses, the price may drop to support levels of $0.67 and $0.47. With a positive market sentiment, 2024 could be a favorable year for Popcat (SOL), with a bullish price prediction of $1.96.
3. Pepe Unchained (PEPU)
Pepe Unchained ($PEPU) is making waves, raising over $13.8 million in fundraising efforts. The recent influx of capital has brought the project closer to its $14 million goal. As Pepe Unchained celebrates its three-month anniversary, it is poised for success, potentially following in the footsteps of $NEIRO after its ICO.
If $PEPU gets listed on Binance’s spot market, its current price of $0.0098 could be a bargain for investors looking for a big return.
Meme coins have made a major impact in 2024, reaching a market cap of over $60 billion at one point. While often lacking utility, new tokens like Pepe Unchained, with its blockchain, are leading the next wave of meme coins. Being a Pepe-themed token, $PEPU carries a unique appeal. Contessoto, the SlumDOGE Millionaire on X, believes that $PEPU can take advantage of the Pepe narrative into 2025.
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