Next Cryptocurrency to Explode, November 18 — Ponke, Marlin, Cardano

The current market sentiment is surprisingly negative, leading to fluctuations in cryptocurrency prices, including Bitcoin (BTC). BTC has risen above $90K but remains below its all-time high of 93,215. Ethereum (ETH) is currently attempting to stabilize above $3,000.

Identifying the next cryptocurrencies to experience significant growth can be challenging due to the influx of funds into inflated assets. This article analyzes the performance of cryptocurrencies that have dominated the gainers list within the past 24 hours, with the aim of highlighting coins with potential while providing investors and traders with relevant information.

Next Cryptocurrency to Explode

This article highlights the performance of promising cryptocurrencies that investors should consider adding to their watchlists. It also includes a special mention of Pepe Unchained, a recently launched meme coin inspired by Pepe the Frog and operating on its own Ethereum Layer 2 blockchain. Within minutes of its launch, Pepe Unchained attracted over $150,000 in investments. Details of its presale and the performance of top-performing cryptos are presented below.

1. Ponke (PONKE)

Ponke stands out due to its innovative tokenomics, with a total supply of 555 million tokens tailored for online traders and gaming enthusiasts. It offers a user-friendly design and is accessible through major crypto exchanges.

On July 17, 2024, Ponke's price reached an all-time high of $0.6591, marking its second major rally. It has since shown steady consolidation, with a current price of $0.6897. Over the past 24 hours, Ponke has surged by 19.39%, with a remarkable 29.69% increase over the week.

Ponke has achieved several milestones in a short period. It is now listed on prominent exchanges and is gaining attention from crypto influencers and analysts. The upcoming launch of PonkeSwap, its decentralized exchange, will offer features such as low fees, efficient trading pairs, and token governance. The team is also working on cross-chain compatibility to enhance Ponke's functionality and value.

Focusing on building a sustainable DeFi ecosystem on Solana, Ponke aims to expand beyond meme culture. The team is dedicated to developing use cases, integrating cross-chain functionality, and fostering a strong community.

2. Marlin (POND)

Marlin is an open protocol designed to improve network infrastructure for DeFi and Web 3.0 applications. It operates through Metanodes, which provide developers with a virtual router interface to create custom overlays and perform edge computations.

The project aims to bring the speed and performance of Web 2.0 to decentralized Web 3.0 applications. Marlin ensures the smooth functioning of blockchain-secured apps. Its utility token, POND, plays a crucial role in the ecosystem, supporting functions like staking to operate validator nodes.

POND also powers governance, allowing token holders to propose and vote on resource allocation. It facilitates network performance auditing and compensates users from an insurance fund in cases of Service Level Agreement (SLA) breaches.

Currently, POND is priced at $0.01874, marking an impressive 55.45% increase in the past seven days. Its market cap has surged by over 50%, reaching $151.55 million. The trading volume has grown by 399.15% in the last 24 hours, hitting $176.52 million. POND is trading 106.65% above its 200-day SMA of $0.009848, indicating bullish sentiment.

Furthermore, the Fear & Greed Index stands at 83 (Extreme Greed), signaling growing optimism and increased token transactions. These developments suggest strong momentum and a positive outlook for Marlin's continued growth in the DeFi and Web 3.0 space.

3. Pepe Unchained (PEPU)

Pepe Unchained is making waves in the meme coin world, becoming the most successful presale of the year. It aims to operate on its own Ethereum Layer 2 blockchain, offering faster transactions and lower costs.

By positioning itself as a competitor to its predecessor, Pepe, which saw an impressive 763x gain, Pepe Unchained aims to dominate the frog-themed meme coin market. The development team has ambitious plans, including the recent launch of Pepe's Pump Pad, a meme coin launchpad similar to Solana's Pump.fun. Token holders can enjoy passive earnings through the platform's staking system, offering a generous annual yield (APY) of 77%.

With only a month remaining before its presale ends, excitement is building for Pepe Unchained's debut on tier 1 exchanges. There is speculation that PEPU could be the next meme coin to explode, especially after potential listings on platforms like Coinbase or Binance. The original Pepe saw massive gains following its Coinbase and Robinhood listings, hinting at a similar trajectory for PEPU.

PEPU tokens can be purchased for $0.012891 directly from the official website. With its innovative approach and growing momentum, Pepe Unchained has the potential to be a game-changer in the meme coin market.

4. Curve DAO Token (CRV)

Curve DAO (CRV) is regaining attention due to a recent price uptick, presenting a potential entry point for investors. Despite facing market challenges, its position in a demand zone suggests growing buying interest.

In the last 24 hours, CRV's price surged by 8.31%, driven by a drop in its inflation rate to 6.35% in mid-August. Reduced token supply has reignited investor interest.

Though CRV's price has fallen over 30% since its launch, the supply reduction may lead to a rebound. Rumors about the inflation drop led to a 71.90% surge in trading volume, indicating increased market interest. If bullish momentum continues, CRV could rise to $0.44 or even $0.54.

Curve Finance has partnered with the TON Foundation to launch a hackathon focusing on stablecoin trading solutions. This collaboration aims to integrate Curve's CFMM into the TON blockchain, reducing volatility and slippage in stablecoin swaps. By enhancing user experiences in DeFi, this collaboration could attract more developers and investors, strengthening CRV's position in the market.

5. Cardano (ADA)

Cardano (ADA) has shown significant volatility, with analysts predicting a potential short-term dip followed by long-term growth. Analyst Kenshiyesreel has taken a short position, targeting a price pullback to the $0.45-$0.50 range for accumulation. However, the Golden Cross indicates a continued bullish trend if ADA holds above key support levels.

A short-term price drop could offer an entry point for investors, with analysts expecting increased selling pressure in the $0.45-$0.50 zone. If ADA sustains its upward momentum, analysts suggest a potential rise to $1.20 after a pullback.

Recently, ADA's price climbed to $0.63 before retracing to $0.5947, staying above the 9-day and 21-day moving averages. If the price turns bearish, support levels are around $0.5464 and $0.4663. The Money Flow Index (MFI) is approaching an overbought state, indicating potential for a bearish reversal. However, long-term indicators point to a positive outlook.

Cardano continues to scale its network activities by maintaining a mix of legacy and blockchain-native use cases. The Cardano Foundation managed $478.24 million in assets by the end of 2023, with 82.5% held in ADA, 10.1% in Bitcoin, and the remainder in USD liquidity.