Next Cryptocurrency to Explode, November 17 — Wemix, Raydium, Kava, The Sandbox
KAVA
BULLISH
SAND
DEFI
WEMIX
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 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 $700,000. Further details about the project and its future outlook are shared below.
1. Wemix (WEMIX)
WEMIX has demonstrated a remarkable 25.64% increase in the past 24 hours. Moreover, its market cap and daily trading volume have risen, suggesting a positive short-term trend. Despite this surge, the token trades 28.20% below its 200-day Simple Moving Average (SMA). Furthermore, its 14-day Relative Strength Index (RSI) of 68.17 indicates a neutral stance, potentially leading to sideways trading. Notably, WEMIX price prediction sentiment remains bullish, and the Fear & Greed Index currently shows a score of 90, signaling “Extreme Greed.”
WEMIX powers a decentralized blockchain protocol that supports a robust Web 3.0 ecosystem. Its WEMIX3.0 mainnet, built with compatibility with Ethereum Virtual Machine (EVM), employs a stake-based proof of authority (SPoA) consensus mechanism. This approach ensures fast transactions and enhanced security. Additionally, governance on the network is managed by 40 Node Council Partners (NCP), making the WEMIX token critical for transactions and gas fees.
The WEMIX ecosystem offers various platforms that enrich its Web3 environment. WEMIX Play is a play-and-earn gaming platform that seamlessly integrates payments into games. Similarly, NILE uses DAO-driven smart contracts to manage diverse projects, while WEMIX.Fi delivers DeFi services with low fees and high transaction speeds.
To maintain stability, WEMIX$ is a fully collateral-backed stablecoin that supports ecosystem growth. Meanwhile, the WEMIX Wallet gives users complete control over asset management, and WEMIX Explorer allows for detailed blockchain activity tracking. However, a recent pause in WEMIX.Due to concerns about WEMIX$ liquidation processes, Fi’s lending and borrowing services have raised questions. Updates on this situation are eagerly awaited.
2. Raydium (RAY)
Over the past week, Solana’s decentralized exchange (DEX) ecosystem has achieved a significant milestone, surpassing $5 billion in daily trading volume. Moreover, data from DeFiLlama reveals that total transactions on Solana’s DeFi platforms exceeded $16 billion from November 10 to today. This growth highlights the expanding significance of Solana’s DeFi landscape. Raydium accounted for nearly 60% of these transactions, cementing its position as Solana’s largest DEX. With its strong liquidity and seamless trading experience, Raydium continues to enhance confidence in Solana’s DeFi projects.
Raydium’s outstanding performance has surged by 158.47% over the past month. On November 9, it climbed for four consecutive days to reach a 34-month high of $5.97, making it the top-performing asset of the month. This rally pushed its market cap to over $1.55 billion, delivering significant returns for investors. One trader even reported gains of over 28.5x since July 2023.
The rally was further fueled by Coinbase’s announcement to list RAY perpetual futures on its International Exchange and Advanced platforms, with the launch set for November 14. Such listings on tier-1 exchanges like Coinbase often generate excitement among traders, typically leading to price increases for the associated tokens.
Additionally, Raydium’s growth aligns with its increasing presence within the Solana ecosystem. Since mid-October, the protocol has averaged between $2 million and $3.5 million daily fees. These positive developments have made RAY a top-trending altcoin on CoinGecko. The crypto community has shown overwhelming support, with 91% of 5,571 traders on CoinMarketCap expressing bullish sentiment toward the altcoin.
3. Flockerz (FLOCK)
The meme coin space is buzzing with excitement as Flockerz ($FLOCK) surpasses $2 million in presale funding. Known as the “People’s Meme Coin,” Flockerz stands out with a unique feature—a fully community-driven model. Moreover, its vote-to-earn (V2E) mechanism rewards users with crypto incentives for participating in governance by casting votes on crucial project decisions.
Since its presale launch in September, Flockerz has gained significant investor attention, signaling strong support for its innovative approach. Furthermore, $FLOCK holders earn additional tokens by voting on critical decisions, such as protocol updates, budget plans, tokenomics changes, grants, and investment strategies. This system allows the community to shape the project’s future.
By putting governance entirely in the hands of its holders, Flockerz is the first meme coin to embrace decentralized decision-making. This transparent and inclusive model rewards participation and reduces risks associated with traditional developer-led projects. Unlike typical launches on platforms like Solana’s Pump.fun, Flockerz minimizes the chances of developers abandoning the project, offering investors a more secure structure.
As the first meme coin to implement the V2E model, Flockerz could redefine industry standards. This approach may inspire other meme coins to adopt similar transparency and community-driven frameworks, potentially benefiting the entire sector. If successful, Flockerz could earn the same pioneering status that $DOGE enjoys today.
Currently, investors can purchase $FLOCK for $0.0060289. However, the price is expected to increase soon, making this a timely opportunity for those interested in joining the project. With its innovative model and strong community focus, Flockerz is well-positioned to leave a lasting mark on the meme coin world.
4. Kava (KAVA)
Kava is a Layer-1 blockchain that blends Cosmos’s speed and interoperability with Ethereum’s developer-friendly tools. Built from the ground up, Kava is designed to maximize protocol growth using Cosmos EVM technology, which ensures scalability, speed, security, and robust developer support.
A major attraction for developers is the Kava Rise program, which offers a $750 million incentive fund. Through this program, the network’s top protocols earn monthly rewards distributed via a blockchain-based system that reflects actual usage. This approach encourages continuous innovation and active participation in the ecosystem.
KAVA’s price currently sits at $0.4528, marking a 10.53% increase in the last 24 hours. Its market cap has also grown to $490.27 million, reflecting the same percentage gain. Impressively, KAVA’s 24-hour trading volume surged by 519.31%, reaching $132.54 million. The token’s bullish price prediction sentiment and a Fear & Greed Index score of 90 (Extreme Greed) indicate rising optimism and increased token transactions.
KAVA AI announces launch of first decentralized AI model to compete with ChatGPT at Devcon! pic.twitter.com/npV10VWs6W
— Kava (@KAVA_CHAIN) November 16, 2024
KAVA’s strong fundamentals position it for significant growth. If the project announces collaborations with other networks, its price could exceed $1.52 by 2024. Furthermore, a sustained bullish crypto market could see the token’s average price rise to $2.19 this year. On the downside, a bearish trend might push its minimum value to around $2.99 in 2024.
5. The Sandbox (SAND)
The Sandbox, launched in 2011 by Pixowl, is a blockchain-based virtual world that lets users create, build, buy, and sell digital assets within a gaming environment. The platform fosters a thriving and decentralized gaming community by combining decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs).
According to its whitepaper, The Sandbox aims to bring blockchain technology into mainstream gaming. It focuses on a creative “play-to-earn” model, where users can simultaneously be creators and players. The platform uses the SAND utility token for transactions to enable this, enhancing the overall gaming experience.
At press time, SAND’s price is $0.3578, reflecting an 8.28% increase in the last 24 hours. Additionally, its market cap has grown to $856.66 million, matching the percentage gain. Trading activity has also surged, with the 24-hour volume climbing 98.62% to $536.89 million.
SAND’s strong fundamentals suggest significant growth potential. If the project announces partnerships with other networks, its price could surpass $0.952 by December. Moreover, in a bullish crypto market, the token’s average price could rise to $1.19 by the end of the year. On the downside, a bearish market could see its minimum value dip to $0.092 in 2024.
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