Next Cryptocurrency to Explode, 1 December — Convex Finance, Worldcoin, AIOZ Network, Filecoin
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 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. Convex Finance (CVX)
Convex Finance is drawing attention with signs of a potential price reversal. The token’s trend has formed a double-bottom pattern within a descending triangle, sparking optimism among investors. Moreover, its market cap has reached $413.67 million, reflecting a 36.16% increase in the past 24 hours. Currently priced at $4.28, the token has seen a 35.82% 24-hour gain, alongside an impressive 435.71% surge in trading volume overnight.
Investors are eyeing a potential bull cycle, expecting the price to approach the upper trendline. Based on Fibonacci levels, a continued bullish trend could push the price toward $4.861 at 23.60%. Breaking above this trendline may lead to higher targets, potentially reaching $5.78 at 50% or $6.78 at 78.60%.
Convex Finance is a DeFi protocol designed to maximize rewards for Curve liquidity providers. Using Convex, users can boost their CRV and liquidity mining rewards without directly staking, enhancing capital efficiency for CRV stakers.
In the past week, Convex Finance has gained 33.88%, further signalling a bullish trend. The MACD indicator supports this positive outlook, suggesting the possibility of a breakout. If the token surpasses its trendline resistance, the price could rise to $5.50, representing a potential 28.5% gain.
2. Worldcoin (WLD)
Worldcoin (WLD) saw a remarkable 15% price surge yesterday, making it the second-highest gainer of the day. This upward movement coincided with the World ID Passport Credential announcement, unveiled at the “A New World” event in San Francisco. This new feature allows users to securely link NFC-enabled passports to their World ID, enhancing convenience and security.
Moreover, the World ID Passport Credential ensures that sensitive personal data is stored solely on the user’s device. Its privacy-focused design uses the anonymizing capabilities of the World ID protocol. The pilot program is already operational in Chile, Colombia, Malaysia, and South Korea, demonstrating a commitment to improving user access and security.
This announcement significantly impacted the market. Worldcoin’s price jumped from $2.50 to $2.90 shortly after the news broke, supported by heightened trading activity. The peak price reflected increased investor interest and speculative trading triggered by the feature’s launch.
The new World ID Passport Credential is here, with access to additional WLD tokens.https://t.co/aD8utAGAQs
— World (@worldcoin) November 28, 2024
Today, the WLD token is priced at $3.41, marking an additional 11.60% gain over the past 24 hours. This rebound reverses earlier downward trends, drawing renewed attention from traders. Worldcoin’s market cap has risen by 12.30%, reaching $2.44 billion and securing the #56 spot on CoinMarketCap. Meanwhile, its trading volume has skyrocketed by 111.25%, hitting $1.71 billion.
This surge reflects a boost in investor confidence, driven by the innovative World ID Passport Credential and the potential for further growth in the platform.
3. Flockerz (FLOCK)
Flockerz is reshaping the meme coin landscape with its innovative Vote-to-Earn model. This feature allows token holders to participate in governance decisions while earning rewards, creating a dynamic and engaging ecosystem. With over $4 million raised during its presale, the project has gained strong community support and attention.
At the heart of Flockerz is the Flocktopia DAO (Decentralized Autonomous Organization). This platform allows community members to make critical decisions about treasury management and project upgrades. By prioritizing decentralization and user involvement, Flockerz sets itself apart from traditional meme coins often controlled by centralized teams.
Moreover, Flockerz offers an attractive staking mechanism with an annual percentage yield (APY) exceeding 610% for early investors. This approach incentivizes users to lock their tokens, promoting stability and long-term engagement. While staking rewards may decline as more users join, early adopters can maximize their returns, making the platform appealing for early participants.
POV: When the newest member of the flock gets their first big win 🤑 pic.twitter.com/ctFQnAaBBw
— Flockerz (@FlockerzToken) November 30, 2024
The presale uses a tiered pricing structure, encouraging early investments as token prices rise with each stage. Investors can easily purchase FLOCK tokens using cryptocurrencies or credit cards, ensuring accessibility to a wide audience. This strategy builds a strong community foundation while securing resources for future development.
Flockerz successfully combines humour with decentralized governance. Its Vote-to-Earn model encourages active participation and aligns the community’s interests with the project’s success. As it evolves, Flockerz will likely attract investors searching for unique and innovative opportunities in the cryptocurrency market.
Visit the Flockerz Presale Here
4. AIOZ Network (AIOZ)
AIOZ Network is making waves as a decentralized platform for Web3 AI, storage, and streaming. By leveraging a global network of decentralized infrastructure providers (DePINs), AIOZ allows users to earn rewards by sharing computational resources. These resources enable efficient media storage, transcoding, streaming, and decentralized AI processing, making AIOZ a forward-thinking solution for a more secure and decentralized future.
In the past 24 hours, AIOZ’s price surged over 34%, continuing its impressive climb, having tripled in value over the last six months. This bullish momentum reflects increasing market interest in the platform’s potential.
The daily chart reveals a parallel channel pattern, with the price hovering near the upper boundary. A key resistance level at $0.91 was recently broken, pushing the price to $1.10 at press time. If this upward trend persists, AIOZ could gain an additional 10%, targeting the next resistance level. However, a drop below $0.87 could result in a 15% decline, indicating a cautious balance between bulls and bears.
AiPets is now integrated with AIOZ W3S, leveraging decentralized storage for in-game assets like NFT collections, music, videos, and more, powered by 190K+ AIOZ DePINs!@AiPets_Official, a mini-app on the @telegram ecosystem, provides a personal AI companion pet that adapts to… pic.twitter.com/O4fyMdSKDI
— AIOZ Network (@AIOZNetwork) November 29, 2024
Moreover, AIOZ Network continues to push the boundaries of decentralized innovation by integrating with AiPets, a mini-app within the Telegram ecosystem. This collaboration leverages AIOZ W3S to enhance in-game assets like NFT collections, music, videos, and more. With the support of over 190,000 AIOZ DePINs, the integration ensures secure, scalable, and efficient storage for AiPets’ growing user base.
5. Filecoin (FIL)
As Bitcoin’s dominance dips, altcoins are taking centre stage, with Filecoin (FIL) emerging as a top performer. Today, FIL has climbed 7.02%, trading at $6.81 and flashing strong bullish signals. The token has been navigating a descending triangle pattern since April 2022. After bouncing from its low of $3.40, it has steadily approached a critical breakout level above $6.00, marking the descending trendline resistance.
With the recent breach of the $6.73 minor resistance, Filecoin appears poised for a breakout. If the momentum continues, FIL could target higher resistance levels at $10.45 and $12.33, offering over 105% upside from its current price. Looking further ahead, the mid-term target of $28.00 remains on the horizon, indicating substantial growth potential.
The increasing demand for secure, decentralized storage solutions is a key driver of Filecoin’s recent growth. As digital data needs surge, Filecoin provides an efficient and reliable alternative to traditional storage methods. This growing adoption could solidify Filecoin’s market position and drive long-term success.
Meanwhile, the Filecoin ecosystem is expanding with Glif, a liquid leasing platform and the network’s largest DeFi protocol. Glif is introducing its GLIF token, with 100 million tokens set to be airdropped to eligible users. This airdrop will distribute tokens on a 1:1 ratio to GLIF points holders with at least one point. Any unclaimed tokens will revert to the community rewards pool, emphasizing user-focused growth.
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