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Next Cryptocurrency to Explode, 2 December — Creditcoin, JasmyCoin, VeChain

Next Cryptocurrency to Explode, 2 December — Creditcoin, JasmyCoin, VeChain

InsidebitcoinInsidebitcoin2024/12/03 01:55
By:Insidebitcoin

The global crypto market cap is down in the past 24 hours, but the overall market sentiment is positive. Cryptocurrency prices have fluctuated for a while, including Bitcoin (BTC). BTC still hasn’t touched 100K even though it went up to $98,453.70 earlier this month. Meanwhile, Ethereum (ETH) managed to stabilize above $3,500.

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 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 Pepe Unchained, a new Pepe-themed meme coin launched on its Ethereum Layer 2 blockchain. Within minutes, it attracted over $150,000 in investments. The details of its presale and the performance of the top-performing cryptos today are shared below.

1. Creditcoin (CTC)

Creditcoin is a blockchain platform designed to streamline cross-chain credit transactions and build reliable credit histories. It is a foundation for a decentralized credit market, connecting traditional assets with the evolving Web3 ecosystem.

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Launched on 4 April 2019 by a global team spanning the US, Canada, South Korea, Nigeria, and Estonia, Creditcoin addresses a critical challenge for the unbanked population in emerging markets. Many individuals rely on non-banks for borrowing, but their credit histories are often unrecognized by traditional banks due to trust issues. Creditcoin solves this problem by recording credit transactions transparently on a public blockchain, making the data verifiable and accessible.

Currently, CTC is priced at $1.43, reflecting a 23.46% increase in the past 24 hours. The market cap has grown by 23.43% to $583.65 million, while the trading volume surged by 77.10%, reaching $293.40 million. CTC is trading a remarkable 579.51% above its 200-day Simple Moving Average (SMA) of $0.215132, highlighting its robust market performance. Market sentiment around CTC is bullish, with the Fear & Greed Index indicating Extreme Greed at 80. This suggests a surge in token transactions and growing optimism for an upward trend.

Looking ahead, Creditcoin’s strong fundamentals and active community support position it as a promising player in the blockchain space. If the current bullish momentum continues, the token’s average price could reach $3.19 by 2025. However, if the market turns bearish, the cost might dip to a minimum of $2.99.

2. JasmyCoin (JASMY)

JasmyCoin (JASMY) is displaying strong upward momentum, as seen in its recent chart patterns. The breakout from a bullish pennant on the daily chart suggests a potential rally ahead. Currently, the price is retracing slightly, which is typical after such breakouts as traders lock in profits and the market adjusts.

JASMY is priced at $0.02935, consolidating near the $0.02403 support zone. The Bollinger Bands indicate reduced volatility, suggesting accumulation at this level. The next resistance is at $0.03000, which could pave the way for further gains. However, dropping below $0.02072 might trigger bearish pressure, pushing the price to $0.01600.

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The recent Upbit listing has significantly boosted JASMY’s visibility, attracting attention from a broad range of traders. Upbit’s reputation for high liquidity and user-friendly features makes this listing a milestone for JasmyCoin. Institutional interest has surged by 180%, surpassing $225 million, while open interest grew by 4.38%, signalling increasing confidence in JASMY’s growth potential.

JasmyCoin also stands out for its focus on empowering individuals to control their personal data. Businesses benefit from secure, blockchain-based data management solutions. This dual focus positions JasmyCoin as a leader in privacy-driven technology, meeting the growing demand for secure systems in the Internet of Things (IoT) sector.

3. Pepe Unchained (PEPU)

Pepe Unchained (PEPU) attracts widespread attention as investors flock to its presale. As an evolution of the original Pepe token on Ethereum, PEPU addresses key challenges of Ethereum’s Layer-1, including high fees, slow transactions, and frequent delays.

This token introduces scalability, speed, and efficiency improvements, aiming to “break free from its chains.” By tackling these limitations, Pepe Unchained presents itself as a forward-thinking project with practical enhancements over its predecessor.

The presale has already raised over $63.8 million, highlighting strong investor confidence and demand. This achievement underscores its potential to redefine the meme coin landscape. Investors are particularly optimistic after hearing about upcoming major exchange listings. Rumours suggest that platforms like Coinbase and Binance might feature PEPU, which could significantly enhance its market presence and credibility.

With the project set to launch on 13 December, investors have just 11 days to join what could be one of the most successful presales of the year. Tokens are priced at $0.01295 each, offering an appealing entry point. Moreover, holders can stake their tokens for an attractive 59% annual percentage yield (APY), adding to the token’s appeal. Buying PEPU is simple and can be done on the official website using ETH, USDT, or a bank card.

Pepe Unchained is an exciting option for those seeking the next breakout token. It combines innovation with strong investor interest and plans for high-profile listings.

Buy PEPU Tokens Now

4. VeChain (VET)

VeChain (VET) is making waves as a blockchain network at the forefront of environmental sustainability and tokenization. Launched in 2015, VeChain has steadily worked toward its mission of modernizing industries through blockchain technology.

In recent weeks, VeChain has seen a remarkable 129.82% price surge, reigniting interest in what was once considered an “old coin.” This impressive performance highlights its resilience and growing relevance in the competitive blockchain space.

Market analysts are optimistic about VeChain’s future. Scofield, a noted market expert, pointed out that VeChain has broken a critical trendline, which could lead to an additional 20% surge in the coming sessions. The current Relative Strength Index (RSI) stands at 63, signaling bullish momentum. At the same time, the Fear and Greed Index reflects extreme greed at 80, indicating high investor confidence.

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Projections for VeChain’s price are equally encouraging. Leading data aggregator, Coincodex predicts that VET could reach $0.1 by March 2025, delivering a potential return of 293%. For investors, this translates into a $1,000 investment today, growing to $2,691 within two years.

Beyond price movements, VeChain is driving real-world impact. The network’s collaboration with Renji Hospital has transformed reproductive healthcare using blockchain solutions. At the same time, VeSwap is expanding opportunities within the Web3 ecosystem. VeChain’s strategic partnerships with major companies like Walmart China and BMW underscore its role in improving supply chain transparency, particularly in the real-world asset (RWA) sector.

5. Baby BitCoin (BABYBTC)

Baby Bitcoin (BABYBTC) has captured market attention with a massive 108% surge in the last 24 hours, pushing its price to $0.003116 as of 02:31 a.m. EST. Alongside this impressive rally, its trading volume has jumped by 80%, reaching $8.18 million, signalling heightened investor activity.

On the 4-hour chart, Baby Bitcoin showcases a robust bullish trend, breaking out from its previous consolidation phase around $0.0015, as per GeckoTerminal data. The token is trading well above the 50-day and 200-day moving averages, classic indicators of sustained bullish momentum.

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The Relative Strength Index (RSI) is currently at 71, placing it in the overbought zone. While this reflects strong buying pressure, it also hints at a potential short-term pullback or consolidation. However, during strong uptrends, RSI levels in the overbought range can persist, suggesting the rally still has room to grow.

The Moving Average Convergence Divergence (MACD) further supports the bullish outlook. The MACD line has crossed above the signal line, forming a bullish crossover, and both lines remain above the zero level—a strong signal of continued upward momentum.

If the buying pressure holds, Baby Bitcoin could aim for a new target of $0.0050. However, if bears regain control at this level, the price may be retraced to test the previous breakout zone at around $0.0014.

Read More

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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