Next Crypto Explosion, October 20 — ApeCoin, Raydium, Filecoin, Immutable

adminOctober 21, 2024

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Getting significant ROI during a bull market could mean paying attention to meme coins and altcoins that have explosive potential. However, since most funds are attracted to pumping assets, identifying the next cryptocurrency to explode may take some work.

In today’s article, we take a look at the performance of the cryptocurrencies that have dominated the rising list over the past 24 hours. The goal is to identify: Next Cryptocurrency to Explode Inform investors and traders about each token. Additionally, this post includes an overview of market trends in cryptocurrency assets that have the potential for significant gains in the future.

Next Cryptocurrency to Explode

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

1. Ape Coin (APE)

ApeCoin (APE) has seen an impressive 105% increase in the last 24 hours. The token traded in a range of $0.7393 to $1.66, and surged from $0.6981 to $1.57 over 7 days. This bullish momentum is mainly due to the launch of ApeChain, a new layer 3 blockchain.

The official announcement of ApeCoin’s X account confirmed the launch of a bridge that will allow token holders to move their assets to ApeChain. Users can now earn profits from APE, Ethereum (ETH), and stablecoins through this platform. This new feature has significantly increased market interest and positive sentiment towards ApeCoin.

APE price chart

ApeChain allows holders to transfer their tokens to the ApeChain, ETH, and Arbitrum (ARB) chains. By holding APE on ApeChain, users automatically receive base returns in tokens, which adds to the attractiveness of the project.

Hello, are you connecting?
Stablecoins linked to ApeChain are converted to DAI and deposited into sDAI, and returns are accumulated according to the MakerDAO savings rate.
Find more information and questions to help you train your AI here: https://t.co/dcoaRvGQLe https://t.co/Sn6qsiP7wM
— Apecoin (@apecoin) October 20, 2024

ApeCoin’s recent gains highlight its future growth potential, especially with its innovative features that are attracting investors. To understand the direction of ApeCoin, it is important to monitor trends in Bitcoin and meme coins.

Despite this strong performance and hitting multi-month highs, APE is still far from its all-time high of $26.70 hit on April 28, 2022. According to CoinGecko, the token is currently about 94% below its peak.

2. Radium (RAY)

Raydium is an advanced automated market maker (AMM) and liquidity provider built on the Solana blockchain. It integrates seamlessly with the Serum decentralized exchange (DEX) and differentiates itself from traditional AMMs by converting liquidity into limit orders on the Serum order book. This gives liquidity providers access to Serum’s large order flow and liquidity, enhancing their opportunities.

RAY tokens offer several advantages: You can stake to earn protocol fees, secure allocations for initial DEX offerings (IDOs), and participate in governance decisions. Raydium’s innovative approach and strong presence in the DeFi space make it a key player in the market.

RAY price chart

Built on the secure Solana blockchain, RAY tokens have undergone rigorous third-party security audits. It is listed on multiple exchanges, allowing users to participate in liquidity provisioning, staking, and governance activities.

🚨 Calls all DEVS 🚨
Our developers have cooked again! Cost savings from OpenBook Market are now passed directly to developers. @RaydiumProtocol Migration. The most efficient and rewarding token of all time has been launched. pic.twitter.com/9yds4xQtne
— Moonshot (@moonshotdotcc) October 15, 2024

Raydium recently introduced a feature called *Teleport* that enables cross-chain token transfers from the Ethereum Virtual Machine (EVM) network to Solana. Built on Circle’s Cross-Chain Transfer Protocol (CCTP) and Wormhole Connect, this feature simplifies the movement of assets between blockchains, especially USDC.

Recently, the price of RAY has seen a large bounce from the support trend line, indicating an upward trend for the Solana-based token. At the time of this writing, RAY is trading at $2.37 and is expected to surpass $3 soon. This momentum is supported by a bullish crossover in the MACD indicator and an intraday rise of 10.36%. If the rally continues, the price could reach $3.70 in the coming months.

3. FLOCK

Flockerz It stands out from other projects by having a lazy-eyed, smiling hen as its brand focus, rather than a typical dog or cat. It introduces a unique decentralized community structure, allowing holders to participate in shaping the direction of the project through a special ‘yield voting’ mechanism. This approach empowers the community while rewarding its members for their participation, creating a more active and engaging ecosystem.

The foundation of Flockerz is based on a decentralized autonomous organization (DAO) called Flocktopia, where every holder has a say. Unlike the chaotic governance models commonly seen in meme coins, Flockerz focuses on collective decision-making and gives real influence to the community.

By staking $FLOCK tokens, users can participate in important decisions such as fund allocation and project upgrades. What makes Flockerz more attractive is more than just voting. Each time a user participates in the DAO, they earn additional $FLOCK tokens, encouraging continued participation and creating stronger community bonds.

The more you contribute, the more influence and rewards you will receive. Flockerz solves the common problem of voter apathy in DAO projects by ensuring community interests are aligned while building an environment where everyone benefits.

Who needs wings when you can roll with the pack? pic.twitter.com/yFo4vOpqTD
— Flockerz (@FlockerzToken) October 19, 2024

Currently, Flockerz is in the pre-sale phase and is offering generous rewards to early investors. The pre-sale price is set at $0.0058161 and has already raised over $885K. Investors can stake tokens, earn high returns, and participate in shaping the future of the project through governance decisions.

Visit the Flockerz Presale now!

4. Filecoin (FIL)

The cryptocurrency market is showing positive signs and Filecoin (FIL) is gearing up for a potential 30% price rise. Increasing demand for decentralized storage solutions is driving this growth. Current forecasts suggest Filecoin could increase by 23%, reaching $4.84. This is driven by the need for secure, decentralized options as more people and businesses seek more secure ways to store their data. Filecoin provides a reliable and efficient alternative to traditional storage methods.

As digital data continues to grow, Filecoin is well positioned to meet this demand. This growth is being watched closely by many as it could significantly strengthen Filecoin’s market position. The expected price increase, led by Filecoin, highlights the essential role decentralized storage will play in the future.

FIL price chart

Filecoin’s decentralized storage solution also ensures secure and uncensored data sharing. Along with other projects like Toncoin, Filecoin is contributing to the development of decentralized applications and digital economies in the expanding Web3 space.

.@jnthnvctr from @ansa_research Share your insights on how to do it. #filecoin We are leveraging the potential of DePIN to drive innovation and decentralized infrastructure.
Watch the full video below: pic.twitter.com/O2gY0SFBvy
— Filecoin (@Filecoin) October 19, 2024

Currently, Filecoin is trading between $3.71 and $3.99. Last week the price increased by 10.87%, over the past month the price increased by 4.38% and by 21.94% over last year. The nearest resistance is $4.33 and support is $3.45. The proximity of the 10-day moving average to the 100-day moving average indicates price stability.

Despite some bearish pressure, FIL is trading within a bullish range. A breakthrough could see Filecoin increase by 30%, further solidifying its position in the decentralized storage market.

5. Immutability (IMX)

Immutable X is making a name for itself in the cryptocurrency space by solving Ethereum’s scalability problems. As a layer 2 scaling solution, it uses zk-rollup technology to provide no gas fees and fast transactions. This makes it an attractive platform for developers working on NFT marketplaces and Web3 games.

IMX tokens power the platform by facilitating transactions such as NFT trading, building, and issuance. Immutable X stands out by improving Ethereum’s infrastructure, which is often slowed down by high fees and congestion. This is attractive to developers who want cheap and fast blockchain integration into their projects.

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— Immutable (@Immutable) October 18, 2024

Immutable X (IMX) showed solid growth today, rising 4.70% intraday. The 24-hour trading volume also surged 58.73% to $47.42 million. Globally, Immutable is the 37th largest cryptocurrency with a market capitalization of $2.67 billion. More than 70% of the 2 billion token supply is already in circulation, with a fully diluted value of $3.26 billion.

Get 50 gems!
play @InviteToMystery If you complete the quest by 00:00 UTC on November 7, you can participate in the Halloween Tournament to earn 50 gems: https://t.co/80jmkZTfX6 pic.twitter.com/FwtsM6a79V
— Immutable (@Immutable) October 18, 2024

IMX, the largest gaming token in the cryptocurrency world with a market capitalization of $2.7 billion, is up 9.13% over the past week. It is currently trading at $1.63 and has risen slightly over the last 24 hours. The daily chart shows a descending wedge pattern, but the recent bullish trend suggests a breakout rally could be underway.

Immutable Ethereum’s ability to solve key problems makes it a top choice for developers and investors in the NFT ecosystem.