The next cryptocurrency to break out on October 24th SafeRaydiumDaddy TatePyth Network

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Getting a significant return on investment in a bull market means keeping an eye on meme coins and other currencies with breakout potential. However, identifying the next cryptocurrency that could break out can take some effort, as most funds are attracted to up-and-coming assets.

Today’s article explores the performance of the cryptocurrencies that have dominated the gainer list over the past 24 hours. The goal is to identify the next cryptocurrency that could break out and inform investors and traders about the situation of each token. The article also includes an overview of market trends for crypto assets that have the potential to see significant gains in the future.

The next cryptocurrency that could explode

Experts suggest that investors are more likely to discover the next booming cryptocurrency in 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 voting reward system, promotes strong community connections, and provides attractive staking benefits. The Flockerz team has raised $700,000. More details about the project and its future prospects are shared below.

1. Safe (SAFE)

Safe (SAFE) calls itself an "ownership layer" and is the largest smart account ecosystem on the Ethereum Virtual Machine (EVM), according to its official account. The project has gained more than $100 billion in value and supports more than 200 projects, including Gnosis Pay and Worldcoin. These projects are deployed on 15 networks and all use the Safe Smart Account standard. Safe aims to transform Ethereum accounts into smart accounts, enabling new applications in areas such as artificial intelligence, staking, gaming, social finance, decentralized finance, and payments.

Today, South Korea's largest cryptocurrency exchange Upbit announced trading of the Safe (SAFE) token in KRW, USDT, and BTC markets. Following the announcement, the price of the SAFE token rose by more than 74% to $1.75, pushing the market cap to over $813 million. At the time of writing, SAFE is trading at around $1.65, up 64% in the past 24 hours.

Recently, SAFE tokens became transferable following a DAO vote, with over 99% of participants supporting the move. The tokens have been locked since an airdrop in October 2022. The change increased liquidity and trading activity, causing the token’s price to rise by 56% in the past week, reflecting strong market sentiment.

Today, SAFE's market cap rose by 40% to $637.8 million. The 24-hour trading volume surged by 3820.73% to $150.66 million, a significant increase from $13.33 million two days ago. SAFE is currently trading above its 200-day Simple Moving Average (SMA) of 11000%, which coupled with the Fear and Greed Index of 69 (Greed) indicates optimism and potential for further growth.

2. Raydium (RAY)

RAY recently broke out strongly from the support trendline, indicating an uptrend for this Solana-based coin. Currently trading at $2.89, there are expectations that RAY might break above the $3 mark soon. This positive momentum is supported by the bullish crossover of the MACD indicator and the intraday growth of 13.15%. If this trend continues, the price could rise to $3.70 in the coming months.

Built on the reliable Solana blockchain, RAY tokens have undergone extensive third-party security audits. They can be traded on multiple exchanges, allowing users to participate in providing liquidity, staking, and governance activities.

Raydium also launched the "Teleport" feature, which enables cross-chain token transfers from the Ethereum Virtual Machine (EVM) network to Solana. This feature is powered by Circle's Cross-Chain Transfer Protocol (CCTP) and Wormhole Connect, making asset transfers between different blockchains simpler and faster.

Additionally, on October 21, Raydium surpassed the Ethereum network in terms of 24-hour revenue, according to data from DefiLlama. Raydium, which runs on the Solana blockchain, generated $3.4 million in fee revenue, compared to Ethereum’s $3.35 million.

Raydium also increases liquidity by offering rewards to users who provide EURC to the trading pool. Users can earn additional tokens by adding EURC, encouraging more people to participate and making EURC trading easier for everyone.

3. Flockerz (FLOCK)

Flockerz (FLOCK) is a standout new pre-sale project that breaks away from the usual dog and cat themes with its lazy-eyed, smiling hen as its brand focal point.