Next Cryptocurrency to Explode Friday, September 6 — Toncoin, Super Zero Protocol, Gomining, Covalent X Token

Next Cryptocurrency To Explode

The cryptocurrency market has experienced fluctuations lately, with an overall bearish sentiment. Bitcoin (BTC) and Ethereum (ETH) have faced challenges in regaining their previous high points.

Identifying the next cryptocurrencies with strong growth potential can be challenging amidst the market's volatility. This article highlights the performance of cryptocurrencies that have emerged as top gainers in the last 24 hours, aiming to present tokens with potential value for investors and traders.

Exploding Cryptocurrencies

Several potentially explosive cryptocurrencies are discussed in this article, encouraging investors to incorporate them into their watchlists. A notable mention goes to Pepe Unchained, a Pepe-themed meme coin launched on the Ethereum Layer 2 blockchain, which rapidly attracted over $150,000 in investments.

1. Toncoin (TON)

Toncoin (TON) recently witnessed a surge of over 7% after Telegram CEO Pavel Durov criticized France's investigation into illicit activity following his arrest. TON was trading at $4.87 at the time of writing, boosted by Durov's comments.

Data from IntoTheBlock suggests that many Toncoin holders are currently facing losses, with only 9% experiencing profits. However, the significant number of wallets holding TON for less than a year indicates a recent influx of investors. This bearish trend may be a temporary correction before the next upward movement.

Binance's listing of Toncoin in August, offering trading pairs like TON/BTC and TON/USDT, led to a price spike of over 10%. TON has risen 7% in the last 24 hours, accompanied by a 40.94% increase in daily trading volume, reaching $379.054 million.

Fundamental developments also contribute to Toncoin's rise. The TON Foundation launched TON Ventures, a $40 million fund to support early-stage projects on the TON blockchain. This initiative is expected to attract developers and projects to the network.

2. Super Zero Protocol (SERO)

SERO is a privacy protection platform for decentralized applications (DApps). Its mission is to establish a next-generation privacy blockchain that supports smart contracts and enables the issuance of privacy coins and anonymous assets.

SERO claims to have developed the world's fastest zero-knowledge proof encryption library, "Super-ZK," which is reportedly over 20 times faster than zk-SNARKs used by Zcash. Additionally, SERO is claimed to be the first privacy coin protocol to support smart contracts using zero-knowledge proofs.

SERO is currently priced at $0.877799, reflecting an 18.42% increase in the last 24 hours. Its daily trading volume has grown by 18.37%, reaching $1,367,247. This bullish trend indicates growing confidence in an upward price movement.

3. Pepe Unchained (PEPU)

Pepe Unchained ($PEPU) has achieved a major milestone by raising over $12 million in its presale. Originally aiming to reach $12 million by the end of the week, Pepe Unchained surpassed this target ahead of schedule.

Whales played a significant role in the presale, purchasing large amounts of $PEPU during a market dip. The token is now priced at $0.0094982 and will increase to $0.0095362 as the presale progresses.

$PEPU is gaining attention as a more advanced version of Pepe ($PEPE). Around 40 million $PEPE, valued at approximately $293,000, was recently transferred to the OKX exchange. While this may raise concerns for smaller investors, early $PEPE buyers are still seeing profits.

4. Sui (SUI)

Sui coin is still establishing its reputation compared to major cryptocurrencies. Despite this, it has shown positive momentum recently. SUI rose 2.55% in the past 24 hours, 3.85% over the past week, and 34.46% in the last month. Continued buying pressure could propel SUI by another 7%, potentially breaking the $1.1 resistance level.

Sui has minted nearly 35 million NFTs, indicating significant activity in the NFT market. Over 365,000 Sui NFT holders exist, positioning Sui as a contender in the NFT space alongside platforms like Solana.

5. Covalent X Token (CVX)

Covalent is a decentralized data network powered by node operators across 25 countries. It provides an infrastructure for accessing on-chain data by running nodes, pulling data directly, or querying the API. Covalent ensures long-term data availability through its decentralized and secure network, allowing developers to access historical and real-time data for Ethereum and other platforms.

Covalent's CVX token is currently priced at $0.06941, reflecting a 10.5% surge in the last 24 hours. Its market cap has also increased by 10%, reaching $59.75 million, with a 2.4% rise in 24-hour trading volume. CVX has experienced 16 green days over the past 30 days, signaling a bullish trend.

Despite the Fear & Greed Index indicating "Extreme Fear" at 23, sentiment around CVX remains positive. Potential collaborations and the overall market sentiment could impact its value in the future.