Next Cryptocurrency to Explode, October 12 — Mog Coin, SPX6900, Arkham

Although cryptocurrency prices have been falling for a while, the overall feeling in the market remains positive. Recently, Bitcoin (BTC) has been struggling to rise above $62,000, and Ethereum (ETH) has managed to stabilize above $2,400, providing some relief to investors.

However, identifying the next cryptocurrencies to explode is challenging 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 coins with some potential and inform investors and traders about each token. 

Next Cryptocurrency To Explode

Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Memebet Token. This new Telegram-based betting platform allows users to bet using meme coins for the first time, generating excitement among crypto enthusiasts. The details of its presale and the performance of the top-performing cryptos today are shared below.

1. First Neiro on Ethereum (NEIRO)

The price of First Neiro on Ethereum has surged by 25.58% in the past 24 hours, now trading at $0.002124. This rise is accompanied by a 58.75% increase in trading volume, reaching $859 million. Over the last 4 hours, Neiro/USD has shown steady movement with low volatility, followed by a strong upward push, signaling a bullish rally.

Chart analysis suggests that the bullish trend may continue, especially if the price stays above the key support zone and breaks through the resistance level. If the bulls can maintain the price above support, First Neiro on Ethereum could see more gains, potentially targeting $0.002741.

The Moving Average Convergence Divergence (MACD) shows a slightly bullish signal, with the MACD line just above the signal line. However, the small histogram bars indicate weak momentum that could shift depending on upcoming price movements.

The Relative Strength Index (RSI) is at 54.73, which indicates neutral conditions, meaning the asset is neither overbought nor oversold. This gives the bulls room to push the price higher, potentially moving the RSI into overbought territory. Currently, the price is in an ascending channel, showing an overall bullish trend after a parabolic rise and a golden cross of moving averages. Both the RSI and MACD suggest neutral signals, but a continued bullish move is possible if buying momentum increases.

2. Mog Coin (MOG)

Mog Coin is gaining attention as analysts see it as a potential competitor to popular meme tokens like Shiba Inu. A recent report highlights Mog Coin’s strong presence in the meme coin market, appealing to those looking for high returns. Its rapid growth is mainly driven by strong community support and smart marketing strategies.

In the last 24 hours, Mog Coin’s price has increased by 18.26%, bringing it to $0.051791. Moreover, the price has been on a steady upward trend for over a month, with an 82.07% rise in one month and a 17.73% increase in just one week. This growth is fueled by its active community and the momentum it has gained since its launch. With a market cap of over $672 million, Mog Coin is quickly becoming a favorite among meme coin enthusiasts.

One of the key factors behind Mog Coin’s success is its strong social media presence, which keeps the community engaged. For investors seeking affordable options with high growth potential, Mog Coin offers an exciting opportunity. Its ability to recover from market corrections has also strengthened its position in the market.

However, despite its impressive growth, Mog Coin faces competition from more established tokens. Investors should carefully consider both the opportunities and risks before investing, as the long-term future of Mog Coin remains uncertain.

3. Memebet Token (MEMEBET)

Memebet ($MEMEBET) is quickly gaining attention, having raised nearly $450,000 in its presale. This new GameFi project aims to give idle meme coins a purpose. In the crypto world, it’s all about big returns, and meme coins have been the stars of 2024 by delivering fast profits that outshine top assets.

Memebet has found a way for meme coins to offer huge payouts. The project is launching an online casino where users can wager with popular meme coins like Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE). This gives meme coin holders a new, exciting way to put their assets to use and win big.

Investors can currently buy $MEMEBET tokens in the presale at $0.0258, but this price will increase in less than three days when the next funding round begins. Memebet provides a unique opportunity for investors to earn from their holdings, even in a down market, while having fun in the process.

Beyond just meme coins, players can also use $MEMEBET tokens to maximize rewards in the Memebet ecosystem. These tokens allow users to earn airdrops, degen bonuses, and entry into Lootboxes, which offer real-world prizes and valuable casino bonuses. High-volume bettors and large holders of $MEMEBET tokens will also get access to an exclusive Degen VIP community.

With its innovative approach to using meme coins, Memebet has the potential to become a hit among crypto investors.

4. SPX6900 (SPX)

SPX6900 is quickly making waves in the memecoin space, with its price soaring by over 52% in just one day and an incredible 254% increase over the past week. Currently trading at around $0.8028, it has grabbed the attention of many investors. In the last 24 hours, its trading volume reached $104.4 million, showing strong community interest.

Over the past month, SPX6900’s price has skyrocketed by more than 7,100%. This impressive performance has made it one of the largest meme coins by market cap, now valued at $747.44 million. Inspired by the S&P 500, SPX6900 is built around the fictional S&P 6900 index. Like other popular meme coins such as Dogecoin and Shiba Inu, it thrives on meme culture and social media engagement instead of traditional financial factors.

In terms of technical analysis, SPX6900’s price is likely to keep rising in the short term. The Relative Strength Index (RSI) is in the mid-70s, indicating strong buyer interest and ongoing bullish momentum. 

Moreover, SPX6900 has broken past its resistance level around $0.24, opening the door for more potential gains. While some experts anticipate a price correction soon, the overall sentiment has shifted from negative to positive. With a market cap exceeding $700 million and growing investor enthusiasm, SPX6900’s rise appears to be just beginning.

5. Arkham (ARKM)

Arkham (ARKM) is gaining attention after hitting a high of $1.6677, continuing its recent upward trend. Earlier this month, it reached $1.51, its highest point since July 19. The token’s growing popularity comes from the extensive data available on its platform. The recent price surge follows a double-bottom pattern, a bullish signal in technical analysis. With the price now above $1.40, further growth could be expected.

In the last 24 hours, ARKM’s price has risen by 17.84%. Its 14-day Relative Strength Index (RSI) stands at 59.20, indicating a neutral position that could lead to sideways trading. Despite this, sentiment around ARKM remains positive, with a Fear & Greed Index of 49, showing increased optimism for future growth.

What makes Arkham stand out is its wide blockchain coverage. Unlike other platforms that focus on specific chains, Arkham’s AI system, ULTRA, gathers data from multiple blockchains, offering a comprehensive view of the crypto world.

Additionally, Arkham Intelligence is set to launch a cryptocurrency derivatives exchange in November 2024, according to Bloomberg. The company is also moving its operations from London and New York to Punta Cana, Dominican Republic, to take advantage of the country’s free trade zone, offering tax and financial benefits.

The new exchange will target retail investors but won’t be available in the U.S. due to regulations. Arkham plans to compete with major exchanges like Binance, OKX, and Bybit by attracting clients with a user-friendly interface and competitive features. The company, which has 880,000 active monthly users, launched a marketplace last year that rewards users for identifying cryptocurrency addresses.

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