Next Cryptocurrency to Explode, October 15 — Turbo, Destra Network, Jito, Lido DAO

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. Turbo (TURBO)

Turbo (TURBO) has seen an impressive surge, jumping by nearly 40% in the past 24 hours to reach a new all-time high of over $0.01. Its market capitalization has risen above $830 million, placing it among the top 100 cryptocurrencies.

In the past week, $TURBO has gained 73.83% and is now trading at $0.01168. With a market cap of over $750 million, $TURBO stands out for its unique origin story. It all started when creator Rhett Mankind asked GPT-4 to create the next big memecoin with a modest budget of $69. Following GPT-4’s guidance, the project was named “Turbo Toad,” with Rhett committing to follow the AI’s instructions. 

 

What makes $TURBO special is its decentralized, community-driven approach. The project has no transaction taxes, and the contract ownership has been renounced, ensuring the community has full control. Backed by strong community support, Turbo has already provided significant returns to its investors.

In a recent YouTube video, a crypto analyst explained how many Turbo tokens ($TURBO) would be needed to become a millionaire during the next bull market. After $TURBO’s impressive 30% rise on October 12, followers requested an update, and the analyst broke down the math.

After this rapid rise, $TURBO has seen some consolidation, which is a normal correction. However, excitement is building, and if $TURBO continues to gain momentum, it could soon break through the $0.01 milestone again and potentially go even higher during the next bull market.

2. Destra Network (DSYNC)

Destra Network (DSYNC) is currently going through a volatile phase, with its price fluctuating between $0.146 and $0.194. For several weeks, the token struggled to break through its nearest resistance level of $0.219, which it has yet to surpass. However, it remains above its support level of $0.123, offering some short-term stability.

In the past week, DSYNC has surged by 17.91%, with a 16.53% increase in just the last 24 hours. Over the past month, it has grown by 17.69%, and the token has gained over 120% in the last six months. While it is above its 100-day moving average of $0.18, it is still below the 10-day average of $0.21, suggesting some short-term bearishness. Additionally, with an RSI of 64, DSYNC is approaching overbought territory, which could lead to either a breakout or a pullback soon.

In the last 24 hours, DSYNC’s market cap has grown by 16.53% to reach $181.30 million, while its trading volume spiked by 171.74%, reaching $2.27 million. The overall price prediction sentiment for DSYNC remains bullish, and its Fear & Greed Index is at 65 (Greed), indicating growing optimism and more token transactions. 

If DSYNC announces any new collaborations or partnerships, it could break through the resistance level of $0.219. Should the broader crypto market continue its bullish trend, the price could potentially climb higher, with predictions suggesting the token could reach an average price of $0.9572 by 2024.

3. Flockerz (FLOCK)

Flockerz is gaining attention for its unique community-driven approach. Unlike other projects where a few people make decisions, Flockerz empowers its community, known as “The Flock,” to have a say in key decisions. In FlockTopia, every participant can earn rewards while shaping the future of the project.

What sets Flockerz apart is its “Vote and Earn” system. Holders can vote on project decisions and earn $FLOCK tokens for participating. The more you vote, the more tokens you earn, creating a direct incentive for involvement. This model ensures that active community members are rewarded for their contributions. 

Every vote cast in the FlockTopia DAO influences the direction of the project. The more you engage, the more influence you gain. This revolutionary Vote-to-Earn system encourages active participation, benefiting both individuals and the community as a whole.

Recent data shows that Flockerz has raised over $670,000 during its presale and continues to grow rapidly. The project has been featured on platforms like CoinPedia, NewsBTC, and Readwrite, highlighting its innovative approach. This growing recognition indicates that Flockerz is gaining traction.

Currently, Flockerz is in its presale phase, offering generous rewards for early adopters. The presale price is $0.0057699, with over $705K already raised. Investors can stake their tokens, earn a high APY, and take part in governance decisions.

Buy Flockerz Tokens Here

4. Jito (JTO)

In the past 24 hours, Jito (JTO) has shown strong bullish activity. Buyers have defended key support levels, pushing the price up toward $2.8. The 24-hour trading volume surged by 131.46%, reaching $74.62 million, which indicates an increase in trading activity. Currently, Jito is trading at $2.26, showing a rise of over 10.3% in the last 24 hours.

Jito has been fluctuating between $2.15 and $2.36 over the past month, with a slight increase of 9.91%, suggesting the potential for a bullish breakout. With support around $1.12 and resistance at $2.43, there’s a possibility that the price could rise by over 70% if it manages to break through the nearest resistance level. The Relative Strength Index (RSI) sits at a neutral 50.96, showing balanced buying and selling pressure. If momentum continues, Jito could rally to reach the next resistance level of $3.89, offering a potential gain of over 160%.

Jito is also becoming an essential asset for the Solana community. The token allows users to participate in governing one of Solana’s largest liquid staking protocols, drawing interest from those involved in the platform. 

In December 2023, the Jito token airdrop gained significant attention, especially for the Solana blockchain, which was facing challenges at the time. The event emphasized the importance of liquid staking and gave holders more power in platform governance. Notably, on October 1, SSOL’s top six protocols reached nearly $9 billion in total value locked (TVL), with Jito leading the way, contributing over $2 billion in TVL.

5. Lido DAO (LDO)

Lido DAO (LDO) has been making steady progress in the market. In the past 24 hours, its price increased by 5.71%, bringing its current value to $1.16. This rise shows growing interest in the token, especially with its strong liquidity, as seen by a volume-to-market cap ratio of 0.1635.

Lido DAO stands out for being a decentralized autonomous organization that provides staking infrastructure for various blockchains. Its most notable feature is the liquid staking solution for Ethereum, which allows users to stake ETH and receive stETH tokens. These tokens represent staked ETH and any rewards earned, offering users more flexibility.

Security is a top priority for Lido DAO. The platform uses decentralized governance, audited code, and smart contracts to safeguard its network. Additionally, several third-party firms have audited Lido’s smart contracts to ensure they are secure and free from vulnerabilities.

LDO’s long-term performance shows it is trading 41.02% below its 200-day SMA, signaling a bearish trend. Over the past year, it has decreased by 27.65%, although its volatility has remained low at 10% over the last 30 days, indicating a period of stability. This drop in price could present an opportunity for new investors to buy before the next price increase.

In the short term, LDO appears neutral, with a 14-day RSI of 51.64, suggesting it may trade sideways for now. Although it is outperforming just 6% of the top 100 crypto assets, Lido DAO still holds potential, especially for investors focused on staking.

Read More

• Discover the Next Big Crypto Surge in 2024