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The overall sentiment of the market is beginning to turn positive. Recently, Bitcoin (BTC) finally broke through its all-time high of $73,000 and is currently fluctuating between $74,000 and $75,000. Meanwhile, Ethereum (ETH) is once again struggling to stay above $2,600 as investors still look forward to the arrival of the next bull run.
Identifying the next cryptocurrency to break out can be challenging as most funds are attracted to push up assets. However, this article will explore the performance of cryptocurrencies with great growth potential, especially during the Uptober bull run. The goal is to identify some coins with potential and provide investors and traders with information about each token.
The next cryptocurrency to break out
Today’s article discusses the performance of cryptocurrencies that investors should add to their watchlists that could break out. Special mention is given to Memebet Token. This is a new Telegram-based betting platform that has sparked enthusiasm among crypto enthusiasts by allowing users to bet with meme coins for the first time. Details of its presale and the performance of today’s top performing cryptocurrencies are below.
1. Root Network (ROOT)
Root Network is a new Layer 1 blockchain built as the core of the open metaverse, where everything can be seamlessly connected. It is purpose-built for the open metaverse, with protocols focused on user experience and digital content, enabling assets to move smoothly between different platforms within the metaverse.
The network aims to improve the experience of new Web3 users and provide better interoperability for developers to build content-centric applications. Through a set of core tools, developers can easily create applications without having to write their smart contracts. Root Network also provides a unique reward system where fees collected from network activities will be pooled and distributed to participants who verify and support the network.
ROOT’s price is currently trading at $0.02011, having gained 26.34% in the past 24 hours. Its market cap has also risen 26.34% to $29.1 million, while its 24-hour trading volume has surged 31.49% to $4.24 million. Although the market sentiment for EOS is currently neutral, the Fear and Greed Index is 69 (Greed), indicating increased optimism and rising token trading volumes. This suggests that ROOT could be in for an uptrend.
With solid fundamentals behind it, ROOT could have the potential to rise significantly in the future. If the project can reach collaboration with other networks, the price could reach over $1.52 in 2025. If the crypto market remains bullish, we can expect the average price of ROOT to remain around $0.19 in 2024. However, if the market declines, the price could drop to as low as $0.0099.
2. Apu Apustaja (APU)
Apu, also known as Peepo or Helper, is a youthful and friendly variation of the popular meme character Pepe. Unlike many low-investment meme coins that are often associated with deceptive developers, Apu aims to change that with $APU, a launched and fully transparent coin made just for “friends”.
The price of Apu Apustaja has jumped 35.55% in the past 24 hours, reaching $0.0009388 as of 1pm UTC. With an increase in trading volume of 34.55%, totaling $11.34 million. The rise is related to the inspiration of the Pepe meme, but stands out for its sad expression and childlike design. Yesterday's announcement on X suggests that July 25 is a special day for the $APU community, which may have contributed to the recent price surge.
Apu Apustaja has experienced a significant price surge in the past 24 hours, rising from $0.0006923 to reach the $0.00094 resistance level. However, it has now encountered a barrier that may temporarily limit further upside. A minor price pullback is currently underway, and traders are curious about the next step.
While these signals are somewhat mixed, many are turning to technical indicators for insights. For example, despite the recent narrowing of the Bollinger Bands, prices have continued to rise. Now, as the price of APUs begins to fall, the bands are widening again, which is typically a bullish sign.
Even though some believe that Apu Apustaja may be close to its peak, it seems that there is still room for growth. As the highest-earning meme coin in the past 24 hours, it has attracted the attention of traders, but some are cautious about buying at this stage. However, several technical indicators suggest that the growth potential still exists.
3. Memebet Token (MEMEBET)
The presale of Memebet Token ($MEMEBET) ended recently, raising an impressive $550,000. The project stood out for being the first to merge meme coins with Web3 gaming, using them as a betting currency in the Telegram Casino. It quickly became popular, allowing loyal fans to see a return on their meme coin investment.
Excitingly, the social media rumors regarding this week’s casino launch were accurate. With just over a month since the presale began, the launch provided early participants with a preview of benefits exclusive to $MEMEBET holders.
Rewards are also on the rise, with a chance to win $1,000 worth of tokens and other valuable prizes. While the presale is now closed to newcomers, stakeholders and investors are encouraged to keep an eye on the project’s social channels for updates on what’s next.
With the Memebet Telegram Casino presale now complete, early $MEMEBET token holders can look forward to special benefits after the platform launches. For presale investors, especially those who are wary of high-risk transactions, investing in a token that combines meme coins and Web3 games is an exciting opportunity.
This unique combination of two booming sectors offers strong growth potential. You can still buy MEMEBET tokens directly on their website. Simply connect your wallet and exchange ETH, BNB or POLY for $MEMEBET tokens. For convenience, a bank card payment option is also available.
Visit the Memebet Token website
4. First Neiro (NEIRO) on Ethereum
NEIRO is a community-driven token that was recently launched on the Ethereum blockchain. It is named after Kabosu, the new dog adopted by his former owner, the Shiba Inu who was the inspiration behind the iconic Doge meme. Like Dogecoin, NEIRO embraces a relaxed and inclusive atmosphere and has attracted a global following.
Building on the success of popular meme tokens like Dogecoin and Shiba Inu, NEIRO has an emotional backstory that makes it even more appealing. The connection to the Doge family makes NEIRO an exciting choice for those looking for the next standout meme token. In a market where community projects are gaining momentum, NEIRO’s story is likely to attract many fans.
NEIRO on Ethereum has performed well over the past year, with the price soaring to over 42,000% and a monthly gain of 20.85%. In addition, the daily and weekly charts show solid growth of 37.07% and 8.39%.
NEIRO is trading in a range of $0.001318 to $0.001834 with a key resistance at $0.0022215. If this is surpassed, the next target will be $0.0037733. The nearest support is $0.0009178. Interestingly, the 10-day simple moving average (SMA) at $0.0018717 is slightly below the 100-day SMA at $0.001953, suggesting a possible short-term downtrend.
Technical indicators present a mixed view. The RSI is at 35.95, approaching the oversold territory, which could signal a potential rebound. The Stochastics is at 46.50, showing a neutral outlook, while the MACD is -0.00002, pointing to bearish momentum. NEIRO could soon move towards resistance or continue testing its support levels.
5. Dogecoin (DOGE)
Dogecoin's fundamentals look solid, with strong support from high volume and continued gains. Over the past week, DOGE has gained 18.13%, breaking through key technical resistance levels, including a breakout in the Relative Strength Index (RSI). Currently, DOGE is trading at $0.1993, up 17.37% in the past 24 hours.
Dogecoin (DOGE) has seen a significant surge in on-chain activity over the past 40 hours, indicating bullish sentiment among major market participants. According to IntoTheBlock’s Whale Netflow metric, the amount of DOGE flowing into large holder wallets has surged from 45.3 million to 431.3 million DOGE, an increase of 9,571 TBTC.
The change suggests that large investors — those holding more than 0.11 of the 3TDOGE supply — are accumulating the popular meme coin. This pattern is typically a positive indicator of DOGE’s price outlook.
Another positive sign for Dogecoin is the recent addition of 620.84 million DOGE to major holders’ wallets. While some Dogecoin was also transferred out — from 56.85 million to 189.54 million DOGE — the net accumulation remains positive, indicating that big investors are still actively buying.
Additionally, Robinhood Crypto expanded its services by allowing Dogecoin (DOGE) transfers. This update allows users to deposit and withdraw DOGE and offers a deposit bonus of 1% until November 30. After this announcement, DOGE transactions on the platform increased significantly and the response was very positive.
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