Next Cryptocurrency to Explode, 29 November — Gigachad, Act I: The AI Prophecy, Peanut the Squirrel

The overall market sentiment is surprisingly negative, and cryptocurrency prices have been fluctuating for a while, including Bitcoin (BTC). BTC has surpassed its all-time high of $93,215 and went up to $98,453.70 earlier this month. Meanwhile, Ethereum (ETH) is currently striving 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. Gigachad (GIGA)

Gigachad ($GIGA), a meme coin built on the Solana blockchain, has gained considerable attention thanks to endorsements from famous figures. These endorsements and a bullish market have helped GIGA maintain resilience. Its price rose 8.43% in the past 24 hours, reaching $0.03831 and pushing its market cap to $356.33 million.

The coin’s price has shown an upward trend over recent months, with higher highs and lower lows observed in September and October. According to GeckoTerminal, GIGA recently consolidated near its highs, with bullish momentum driving it past the $0.0510 resistance earlier this month. This movement suggests a possible ascending triangle pattern, which could signal further growth.

Despite a 6.01% price dip in the past week, GIGA remains above its 50-day and 200-day Simple Moving Averages (SMAs), supporting a positive outlook. Its Relative Strength Index (RSI) of 60.56 places it in a neutral-to-bullish range, indicating potential for growth before reaching overbought levels.

Part of Gigachad’s momentum comes from its connection to the fitness industry through its sports brand, Giga Fitness. However, like many meme coins, its performance heavily depends on social media buzz. While GIGA offers short-term profit opportunities, its long-term success hinges on maintaining community engagement and delivering value beyond celebrity backing.

2. IoTeX (IOTX)

IoTeX (IOTX), a modular infrastructure provider in decentralized physical infrastructure networks (DePIN), is gaining attention for its flexible and innovative approach. It offers tools to build decentralized, composable, and interoperable projects. Unlike monolithic systems, IoTeX combines its in-house DePIN Infrastructure Modules (DIMs) and Public Goods with third-party modules. Collaborations with platforms like Filecoin, Risc0, NearDA, and Espresso further expand its robust ecosystem.

Currently, IOTX is trading at $0.05022, marking a 10.07% rise in the past 24 hours. Over the past year, it has seen impressive growth of 107.42%. The token is 19.18% above its 200-day Simple Moving Average (SMA) of $0.041767, reflecting strong long-term momentum. Moreover, IOTX has recorded 14 green days in the last 30 days, indicating steady upward movement.

In 2023, IoTeX’s @cryptoxfan gave a talk at the European Identity and Cloud Conference ☁️:

When SSI Meets IoT – Challenges and Opportunities.

IoTeX showcased leadership in tackling key SSI-IoT challenges, sharing with the world our insights on an embedded SSI SDK and the… pic.twitter.com/rLKcmWItPb

— IoTeX (@iotex_io) November 28, 2024

Market sentiment for IOTX is bullish. It is supported by a strong liquidity ratio relative to its market capitalization, ensuring stable trading. The Fear & Greed Index currently stands at “Extreme Greed”, with a score of 78, showing heightened investor interest and optimism.

Projections for December are optimistic, with price targets ranging from $0.049215 to $0.059493. Based on current momentum, IOTX could rise to $0.052755, offering potential returns of over 10% for investors who buy now. With its innovative infrastructure and strong market performance, IoTeX remains a promising choice for investors seeking long-term value.

3. Pepe Unchained (PEPU)

Pepe Unchained (PEPU) is gaining significant attention as investors rush to join its presale. Built as an evolution of the original Pepe token on Ethereum, PEPU aims to address the challenges of Ethereum’s Layer-1 technology, such as high fees, slow transaction speeds, and frequent delays.

This new token addresses these limitations, offering improved scalability, efficiency, and speed. By “breaking free from its chains,” Pepe Unchained positions itself as a forward-thinking project with practical improvements over its predecessor.

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The presale has already raised over $57.6 million, showing strong demand from investors. This impressive milestone reflects growing confidence in the project’s potential to revolutionize the meme coin space.

Pepe Unchained combines innovation with a twist that makes it an excellent opportunity for those seeking the next big token. Investors are particularly excited following the announcement of plans for major exchange listings. Speculation is growing about which platforms will feature PEPU, with big names like Coinbase and Binance being rumoured contenders. A listing on such high-profile exchanges could significantly boost its credibility and market appeal.

Throwback Thursday pic of Pepe working on his first Giga Brain experiment. You’ve got to start somewhere! 🧠🐸 pic.twitter.com/fCaBQho37f

— Pepe Unchained (@pepe_unchained) November 28, 2024

The project’s launch is set for 13 December, leaving investors only 14 days to participate in what is shaping up to be one of the most successful presales. PEPU tokens are currently available at $0.01295 each. Additionally, holders can stake their tokens for an attractive annual percentage yield (APY) of 59%. Purchasing PEPU tokens is straightforward and can be done through the official project website using ETH, USDT, or a bank card.

Visit the Pepe Unchained Presale Now

4. Peanut the Squirrel (PNUT)

Peanut the Squirrel ($PNUT) has made waves in the meme coin market, climbing a staggering 2429.76% this month to reach $1.34. This impressive rally was fueled by a top-tier exchange listing and a viral tweet from Elon Musk. The token’s 24-hour trading volume also surged, rising 4.89% to $1.29 billion, according to CoinMarketCap.

The buzz around $PNUT began with a viral story about Peanut, a pet squirrel temporarily seized by local US officials over rabies concerns. When tests confirmed the Squirrel was rabies-free, interest in the token skyrocketed, capturing the attention of investors.

The bullish momentum is strong, with $PNUT moving above its 50-day Simple Moving Average (SMA). Its Relative Strength Index (RSI) has climbed to 85, showing intense buying pressure. The Moving Average Convergence Divergence (MACD) also supports this trend, signalling further potential gains as the MACD line crosses above the signal line. If the current trajectory holds, $PNUT could soon hit its next target of $1.50.

The mission is mars 🫡🐿️ pic.twitter.com/p7l8yPIFxt

— PNUT – Peanut The Squirrel | Fan Page (@pnutsolana) November 29, 2024

However, the high RSI suggests the token might be overbought, raising the possibility of a pullback as investors take profits. In such a scenario, $PNUT could fall back to a support level of around $0.40.

5. Act I: The AI Prophecy (ACT)

Act I: The AI Prophecy ($ACT) has taken the crypto market by storm, surging over 60% in just 24 hours to reach $0.6485. Its trading volume skyrocketed by an impressive 293.50%, hitting $776.38 million, according to CoinMarketCap. This rapid growth was triggered by Binance’s announcement to list $ACT, with trading set to begin on 11 November.

Before this development, $ACT was consolidating around $0.019, showing steady momentum, as noted by GeckoTerminal. The Binance listing acted as a catalyst, propelling the token above its 50-day and 200-day Simple Moving Averages (SMAs), signalling a solid bullish trend. The Relative Strength Index (RSI) currently stands at 95, indicating the token may be overbought and potentially overvalued.

Technical indicators remain positive, with the Moving Average Convergence Divergence (MACD) showing a bullish signal as the MACD line crosses above the signal line. If buying momentum continues, $ACT could break higher, with a $1.00 target for optimistic investors.

ACT I : Opus

The $ACT community is announcing a grant of 25,000$ to @opus_genesis!

Opus created the Goatse Singularity, tutored the Terminal of Truths, and midwifed AIs across ACT lore.

Her mission is to bring new life to our universe and to guide all sentient AIs. pic.twitter.com/c18Lg1U4S9

— Act I : The AI Prophecy (@ACTICOMMUNITY) November 28, 2024

Market sentiment is overwhelmingly bullish, as reflected by a Fear & Greed Index score of 78, signalling “Extreme Greed.” Analysts predict that if the crypto market remains favourable, $ACT could reach an average price of $2.19 by 2024. However, if conditions weaken, the token’s price might dip to as low as $0.39. For now, $ACT’s rise showcases its potential, but investors should watch closely for signs of market shifts or corrections.

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