Crypto Gloom

Next Crypto Explosion, October 10 — PolySwarm, Uniswap, Beldex, Celo

Crypto Companies News
By Crypto Gloom

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Getting significant ROI during a bull market could mean paying attention to meme coins and altcoins that have explosive potential. However, since most funds are attracted to pumping assets, identifying the next cryptocurrency to explode may take some work.

In today’s article, we take a look at the performance of the cryptocurrencies that have dominated the rising list over the past 24 hours. The goal is to identify: Next Cryptocurrency to Explode Inform investors and traders about each token. Additionally, this post includes an overview of market trends in cryptocurrency assets that have the potential for significant gains in the future.

Next Cryptocurrency to Explode

Experts believe that investors are more likely to find the next explosive cryptocurrency among upcoming cryptocurrency projects. With this in mind, investors should explore the potential of the new pre-sale coin, Flockerz (FLOCK). This unique meme coin offers all-new voting rewards, building a strong community, and impressive staking benefits. The Flockerz team launched the project late last month and quickly raised more than $500,000. Updates on the project and outlook are shared below.

1. Police Worm (NCT)

PolySwarm has seen strong gains, up 4.02% over the past 24 hours. It also shows impressive liquidity with a volume to market capitalization ratio of 0.4683. It has caught the attention of investors primarily due to its unique role in the growing cybersecurity sector.

PolySwarm isn’t just about price fluctuations. It is a crowdsourced threat intelligence platform. Detect new and emerging threats using Ethereum smart contracts. What makes PolySwarm stand out is its PolyScore system, which ensures early and accurate threat detection. Users are rewarded with NCT tokens for their contributions, which also provide access to valuable insights within the network.

PolySwarm price chart

The platform also prioritizes security through a bug bounty program and professional audits to ensure it remains safe and reliable. PolySwarm brings together global security experts to drive innovation and competition in threat detection and provide solutions that outperform traditional methods.

In terms of long-term performance, PolySwarm is doing well. The price is up 193.41% over the past year and is trading 101% above its 200-day simple moving average. It outperformed 77% of the top 100 cryptocurrency assets. However, with a 14-day RSI of 73.74, a downtrend can be expected as the token may be overbought.

2. Uniswap (UNI)

Uniswap (UNI) is seeing strong price gains today, while many other major cryptocurrencies are experiencing declines. This recent price action reflects growing expectations of a potential breakout and suggests that UNI could soon see further upside. Another important factor driving this rise is the increased activity within the Uniswap ecosystem.

One analyst recently expressed a very bullish outlook for UNI, stating that the token is on the verge of a significant breakout. Daily and weekly support levels have rebounded, showing the resilience of price movements. The analyst also praised the Uniswap ecosystem as one of the strongest in the cryptocurrency space and pointed out its rapid expansion. With this momentum, UNI might rank as one of the top five cryptocurrencies in the current market cycle.

Uniswap price chart

On the chart, UNI/USDT is attempting to break away from a downward resistance line that has been holding the price down for some time. This breakout is a solid bullish indicator and supports the outlook for UNI to see significant upside. UNI continued to find support between the $6.00 – $6.50 range, showing solid buying interest. This area forms double and triple bottom patterns, reinforcing its importance as a support level.

UNI is currently testing the $7.50 – $8.00 range and the bullish momentum is pushing the price higher. The 3.99% price increase today is a sign of growing interest and the upside target has now been reached. Uniswap Labs is also preparing for Uniday at Devcon on November 11th. The event will feature conversations from community members, developer demos, and workshops on DeFi innovation. This event highlights the strong community support and growth within the Uniswap ecosystem.

3. FLOCK

Flockerz We’re shaking up the meme coin space by empowering the community. Unlike many projects where a few decision-makers control the future, Flockerz gives “The Flock” the ability to guide direction. At the heart of the project is FlockTopia, where all holders have a voice and can be rewarded through an innovative system.

What sets Flockerz apart is its community-driven approach. FlockTopia has no central authority. Every vote counts. The more holders participate in forming the project, the more $FLOCK tokens you can earn. This makes Flockerz a true project by the people, for the people.

Flockerz operates through a Vote-to-Earn DAO where all holders can vote on important decisions. By doing so, they earn $FLOCK tokens and benefit directly from their participation. The system rewards active members who help drive the future of the project.

Recently, Flockerz has seen rapid growth, especially in anticipation of the launch of Telegram. The project is gaining momentum as more people join ‘The Flock’. Our community-focused nature has proven to be a big part of our success.

Flockerz has been featured on platforms such as CoinPedia, NewsBTC, and ReadWrite, helping spread the word to the growing community and attract more participants. It is quickly becoming a recognized name in the distributed space.

The Flockerz pre-sale provides early adopters with the opportunity to earn significant rewards by staking their tokens. Participants can earn passive income through generous APY and a 2-year staking period. The pre-sale price is $0.0057469, offering promising returns for early investors.

Visit Flockerz Presale

4. Beldex (BDX)

Beldex has seen a solid price increase of 9.77% in the last 24 hours. The token is gaining momentum despite medium liquidity with a market capitalization-to-volume ratio of 0.0262. The community recently celebrated a major milestone of reaching 4 million picks on Binance Futures NEXT. This achievement highlights the growing passion and trust of Beldex supporters and reflects its growing influence in the cryptocurrency space.

Beldex price chart

Beldex focuses on privacy and provides decentralized apps (dApps) to enhance user data protection and confidentiality. BDX tokens allow for secure, anonymous peer-to-peer transactions, providing users with a more secure environment for their activities.

Recently, Beldex switched from Proof of Work (PoW) to Proof of Stake (PoS) model. This transition will improve scalability, reduce fees, and shorten transaction times, positioning Beldex for future growth. The project also uses advanced privacy technologies such as the RingCT protocol to hide sender information and stealth addresses to hide the originating address to ensure confidential transactions.

In the short term, Beldex’s performance has been strong. The 14-day RSI is at 65.59, indicating a neutral position, with 20 out of the last 30 days in the green, representing a positivity rate of 67%. Low volatility of 4% means steady growth and stability.

Looking at the long-term outlook, Beldex has performed impressively, with a trading volume of 61.19% above its 200-day simple moving average. Over the past year, its price has risen 151.35%, outperforming 70% of the top 100 cryptocurrency assets. This shows that Beldex has potential as a solid investment opportunity.

5. All (All)

Celo (CELO) is focused on making cryptocurrencies accessible to users in emerging markets, especially through mobile technology. The platform allows people to send and receive money using just their phone number, lowering the barrier for those new to cryptocurrency. Celo also supports stablecoins, protecting users from market volatility. As mobile technology expands globally, Celo’s emphasis on accessibility creates a great opportunity to increase cryptocurrency adoption. The commitment to financial inclusion is particularly noteworthy.

Celo is transitioning to a second layer (L2) solution for Ethereum (ETH), which has boosted stablecoin activity on the platform. According to data from Artemis, Celo has now surpassed Tron (TRX) in daily active addresses associated with stablecoin usage. It also highlights its growing presence in this category, overtaking networks such as Solana (SOL), Open Network (TON), and BNB Chain.

even price chart

In recent trading, Celo performed well, hitting a 24-hour high of $0.7471 after opening at a low of $0.6945. As of this writing, the price is $0.7337, reflecting a profit of 9.55%. This suggests increased purchasing activity and positive market sentiment.

Celo is trading 40.52% above its 200-day simple moving average (SMA) of $0.524995. There have been 19 green days out of the last 30 days, accounting for 63% of the period, and technical indicators indicate a positive outlook as of October 6, 2024. If Celo maintains its current momentum, more upward moves could follow, but traders should exercise caution and manage risk when making decisions.

Learn more

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