Next Cryptocurrency to Explode: 5 Promising Coins to Watch in 2024

Every day, the cryptocurrency market experiences changes and developments that shape investment choices. Last month, the cryptocurrency market experienced

Every day in the cryptocurrency market brings changes and developments that influence investment decisions. Last month, the cryptocurrency market experienced heightened volatility as several tokens saw drastic price movements. But things are already starting to look up for smart investors.

The crypto market is seeing a noteworthy increase in trading signals, leading investors to actively search for the next promising token. However, being able to spot the next cryptocurrency to explode amidst this abundance requires a thorough understanding of the market dynamics. Today’s article identifies coins with some potential and informs investors and traders about each token.

Next Cryptocurrency To Explode

Today’s review highlights promising cryptocurrencies that investors should keep an eye on. Among these is a new project called FreeDum Fighters. FreeDum Fighters is a satirical token that combines crypto with political drama. Currently, in stage 1 of its presale, the project has already laid out a clear roadmap. Investors looking for something fresh should consider adding FreeDum Fighters to their watchlist.

1. BinaryX (BNX)

Earlier this month, BinaryX (BNX) experienced a drop of over 13.42% in a bearish market. However, it has since recovered slightly, rising by 4.02% and now trading at $0.6643. Additionally, trading volume increased by more than 19% in the last 24 hours as more buyers showed interest. This recent movement has led some analysts to predict that BNX could continue to grow.

For the bullish trend to gain strength, BNX needs to break through its resistance and turn it into support. Based on current chart patterns, the price could rise to $1.5 and maybe even reach $1.9  if this happens.

As a key player in the GameFi space, BinaryX aims to transform gaming with sustainable economic models and engaging experiences. Built on Binance Smart Chain (BSC) as a BEP-20 token, BNX benefits from high security, supported by a Certik audit score of 83.

Crypto's been wild lately, but don't forget to touch some grass! ?? Take a break, get some fresh air, and let your gains grow while you chill. ? #TouchGrass #BinaryX #crypto #BinaryXCommunity pic.twitter.com/JaPpF68ITJ

— BinaryX (@binary_x) October 12, 2024

Despite its current lower price, BinaryX has shown strong long-term performance. Over the past year, BNX has surged by 168%, outperforming 65% of the top 100 cryptocurrencies. This makes it a compelling option for investors interested in the expanding GameFi sector.

2. Axie Infinity (AXS)

Amid increased market volatility, the price of AXS has surged by about 13% in the past 24 hours, with a trading volume of $130.02 million, reflecting a 590.81% increase. Moreover, it is close to breaking out of its triangle pattern, signaling strong bullish sentiment. The Relative Strength Index (RSI) shows a sharp rise towards the overbought range, suggesting a growing buying interest in the altcoin.

If the bullish momentum continues, AXS could retest its July high of $6.70 in the near future. However, if the bears regain control, the price might fall back to the support trendline of the triangle pattern.

Since its launch, AXS has delivered impressive returns, with a return on investment (ROI) of 3,713.12%, despite the ups and downs in the market. Its solid performance has caught the attention of many investors, who are now considering whether to invest before prices rise further. 

1/ Axie Delegation is LIVE!

Good day, manager! ☀️

A few years ago, the three words above echoed in Discord servers around the world.

Axie Infinity was introducing Play-to-Earn to millions of gamers through a rental model with scholars and managers.

Today, we’re bringing it… pic.twitter.com/NubIxR2lfO

— Axie Infinity (@AxieInfinity) October 17, 2024

If a bullish reversal occurs, AXS could gain momentum and test its upper resistance level at $5.450. On the other hand, a bearish move could pull the price towards its key support level of $4 in the coming weeks.

With minimal recent price swings, AXS appears more resistant to significant downturns, contributing to the asset’s steady growth. If the upward trend continues, AXS could potentially reach $10.12 by the end of 2024. Additionally, the growing NFT marketplace, with promising future events, suggests a bright outlook for Axie Infinity. If the network successfully executes its plans, the price could hit $1

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