Next Cryptocurrency to Explode, October 20 — ApeCoin, Raydium, Filecoin, Immutable

On Oct 21, 2024

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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. ApeCoin (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, with a seven-day surge from $0.6981 to $1.57. This bullish momentum is largely due to the launch of ApeChain, a new Layer-3 blockchain.

The official announcement on ApeCoin’s X account confirmed the launch of bridges that allow token holders to move their assets to ApeChain. Users can now earn yields on APE, Ethereum (ETH), and stablecoins through this platform. This new feature has significantly boosted market interest and positive sentiment around ApeCoin.

ApeChain enables holders to transfer their tokens to ApeChain, ETH, and Arbitrum (ARB) chains. By holding APE on ApeChain, users can automatically earn a native yield on their tokens, which adds to the appeal of the project.

Hey anon, are you bridging ?
Stablecoins bridged into ApeChain are converted to DAI and deposited into sDAI, accumulating yield based on the MakerDAO savings rate.
Learn more and ask questions to help train our AI, here: https://t.co/dcoaRvGQLe https://t.co/Sn6qsiP7wM
— ApeCoin (@apecoin) October 20, 2024

ApeCoin’s recent gains highlight its potential for future growth, especially with innovative features attracting investors. Monitoring trends in Bitcoin and meme coins will be important for understanding ApeCoin’s direction.

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

2. Raydium (RAY)

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

The RAY token offers several advantages. It can be staked to earn protocol fees, secure allocations for initial DEX offerings (IDOs), and participate in governance decisions. Raydium’s innovative approach and solid 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. They are listed on several exchanges, allowing users to engage in liquidity provision, staking, and governance activities.

🚨 Calling all DEVS 🚨
Our devs have been cooking AGAIN! OpenBook Market savings now go directly to the dev for @RaydiumProtocol migrations. The most efficient and rewarding token launches ever. pic.twitter.com/9yds4xQtne
— Moonshot (@moonshotdotcc) October 15, 2024

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

Recently, RAY’s price saw a breakout rally from its support trendline, signaling an upward trend for the Solana-based token. At the time of writing, RAY was trading at $2.37, with expectations that it may surpass $3 soon. This momentum is supported by a bullish crossover in the MACD indicator and a 10.36% intraday rise. If the rally continues, the price could reach $3.70 in the coming months.

3. Flockerz (FLOCK)

Flockerz stands out from other projects by featuring lazy-eyed, smiling hens as its brand focus, rather than the usual dogs or cats. It introduces a unique decentralized community structure, allowing holders to participate in shaping the project’s direction through a special ‘vote-to-earn’ mechanism. This approach empowers the community while rewarding members for their involvement, creating a more active and engaging ecosystem.

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

By staking $FLOCK tokens, users can take part in important decisions like fund allocation and project upgrades. What makes Flockerz even more appealing is that it goes beyond just voting. Each time users engage with the DAO, they earn additional $FLOCK tokens, encouraging ongoing participation and creating stronger community bonds.

The more you contribute, the more influence and rewards you gain. Flockerz addresses the common problem of voter apathy in DAO projects by ensuring the community’s interests are aligned building an environment where everyone benefits.

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

Currently, Flockerz is in its presale phase, offering generous rewards for early investors. The presale price is set at $0.0058161, with over $885K already raised. Investors can stake their tokens, earn high returns, and take part in shaping the project’s future through governance decisions.

Visit the Flockerz Presale Now!

4. Filecoin (FIL)

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

As digital data continues to grow, Filecoin is well-positioned to meet this demand. Many are watching closely, as this growth could significantly strengthen Filecoin’s market position. The expected price increase highlights the essential role decentralized storage will play in the future, with Filecoin leading the way.

FIL Price Chart

Filecoin’s decentralized storage solutions also ensure secure, censorship-proof data sharing. Alongside 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 shares insights on how #Filecoin is unlocking 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. Over the past week, its price has risen by 10.87%, with a 4.38% increase over the past month and a 21.94% rise over the past year. The nearest resistance level is $4.33, and support is at $3.45. The proximity of the 10-day and 100-day moving averages indicates price stability.

Despite some bearish pressures, FIL has been trading within a bullish range. If a breakout happens, Filecoin could see a 30% increase, further solidifying its place in the decentralized storage market.

5. Immutable (IMX)

Immutable X is making a name for itself in the cryptocurrency space by addressing Ethereum’s scalability challenges. As a Layer-2 scaling solution, it uses zk-rollup technology to offer zero gas fees and fast transactions. This makes it an attractive platform for developers working on NFT marketplaces and Web3 games.

The IMX token powers the platform, facilitating transactions such as trading, building, and minting NFTs. Immutable X stands out by improving Ethereum’s infrastructure, which high fees and congestion have often slowed. This makes it appealing to developers looking for affordable and fast blockchain integration for their projects.

Earn 50 Gems!
Play @InviteToMystery and enter the Halloween Tournament to earn 50 gems by completing the quest by November 7th 00:00 UTC: https://t.co/80jmkZTfX6 pic.twitter.com/FwtsM6a79V
— Immutable (@Immutable) October 18, 2024

Today, Immutable X (IMX) showed solid growth, with intraday gains of 4.70%. The 24-hour trading volume also surged by 58.73%, reaching $47.42 million. Globally, Immutable ranks as the 37th-largest cryptocurrency with a market cap of $2.67 billion. Over 70% of its 2 billion token supply is already circulating, bringing the fully diluted valuation to $3.26 billion.

Earn 50 Gems!
Play @InviteToMystery and enter the Halloween Tournament to earn 50 gems by completing the quest by November 7th 00:00 UTC: https://t.co/80jmkZTfX6 pic.twitter.com/FwtsM6a79V
— Immutable (@Immutable) October 18, 2024

As the largest gaming token in the crypto world, with a market cap of $2.7 billion, IMX has risen by 9.13% over the past week. It is currently trading at $1.63, with a slight gain in the last 24 hours. The daily chart shows a falling wedge pattern, but recent bullish trends suggest a breakout rally could be on the way.

Immutable X’s strong focus on NFTs and Web3 gaming, along with its solid technological foundation, makes it a leading Layer-2 solution. Its ability to solve Ethereum’s key issues places it as a top choice for developers and investors in the NFT ecosystem.

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