Next Cryptocurrency to Explode, October 30 — Mask Network, Ethena, Woo Network, Flow

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 that 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. Mask Network (MASK)

Mask Network is an open-source Web 3.0 solution that lets users on Twitter and Facebook send encrypted messages, bridging Web 2.0 and Web 3.0. With Mask Network, people can access decentralized messaging, payment networks, file storage, and sharing, all without leaving their current social media platforms.

A standout feature of Mask Network is its support for Initial Twitter Offerings (ITO), which allows blockchain projects to raise funds directly on Twitter. This feature may be driving recent price increases. Currently, Mask Network supports ITOs on Ethereum, Polygon, BSC, and Arbitrum networks.

MASK Price Chart

Today, MASK’s price sits at $3.19, reflecting a 40.93% increase in the past 24 hours. Its market cap has surged over 40%, reaching $318.81 million, and 24-hour trading volume has jumped by 890.57%, hitting $689.23 million.

Looking ahead, MASK is projected to show steady growth. By November 2024, it could reach a maximum price of $3.955 and a minimum of $2.579. By December, MASK’s price is expected to peak at $3.671, with a minimum of $2.643.

Adding to this momentum, Mask Network recently acquired Nametag, a decentralized identity platform. Announced in a Medium post on September 20, 2024, this acquisition will strengthen Mask Network’s identity solution, Next.ID, giving users more control over their digital identities in Web3. This move represents a major step forward for Mask Network, reinforcing its commitment to decentralized social and identity solutions.

2. Ethena (ENA)

The crypto market is experiencing a strong “Uptober” rally, with Bitcoin (BTC) surging past $71,000, reaching its highest point since June 2024 and approaching its all-time high of $73.5K. This bullish trend has boosted major altcoins, including Ethena (ENA), which climbed over 12% in just two days, bringing its price to $0.3805 and its market cap to around $1.05 billion.

Ethena’s price spiked today after breaking out from the $0.37 level, following a falling wedge pattern. This pattern, often formed by lower highs and lower lows within a contracting range, typically signals an upward breakout as seller momentum fades. Ethena’s breakout indicates buyers are gaining control, possibly leading to more gains soon.

ENA Price Chart

Currently, Ethena faces a key resistance at $0.4000. A breakout above this point could confirm a strong upward trend, signaling a potential rally continuation. This level is crucial for traders, as a move beyond it could indicate further momentum in Ethena’s favor.

After Ethena’s breakout, the next target to watch is $0.4600. This price aligns with past highs, making it a likely point where sellers might emerge. If Ethena reaches this level and holds steady, it could confirm the strength of the bullish reversal and set the stage for more gains.

Ethena’s RSI sits around 61, showing moderate bullish momentum without reaching overbought levels. This indicates there’s still room for further upward movement before hitting an overbought range, suggesting a positive setup for continued short-term gains.

3. Flockerz (FLOCK)

Flockerz (FLOCK) is setting out to bring true decentralization to the meme coin world by giving its community, “The Flock,” real power to shape its direction. Built on a decentralized autonomous organization (DAO) called FlockTopia, Flockerz stands out with a strong focus on collective decision-making. Unlike the usual chaotic governance in meme coins, Flockerz offers a clear, community-driven model where every holder has a voice.

At its core, FlockTopia provides a vote-to-earn (V2E) system, allowing holders to take part in guiding the project’s future while earning rewards. This structure not only empowers community members but also encourages active participation, creating a more engaging ecosystem.

Flockerz offers more than just vote-to-earn rewards; users can also earn passively through its staking system, which provides an impressive annual yield of 1,580%. By staking $FLOCK tokens, users participate in key decisions, like fund allocation and project improvements. This approach makes Flockerz especially attractive, as it rewards users with additional $FLOCK tokens for each interaction with the DAO, encouraging active involvement and strengthening community ties.

Currently in its presale phase, Flockerz is offering generous incentives for early investors. Interested buyers can purchase $FLOCK tokens on the official website for $0.0058862 per token using BNB, ETH, USDT, or even a bank card. Act soon to secure this rate before the next price increase in under 18 hours.

Buy Flockerz Token Now

4. Woo Network (WOO)

WOO is a powerful centralized trading platform known for its high liquidity, fast execution, and advanced trading tools across hundreds of spot and perpetual futures options. Complementing this is WOOFi, a decentralized app that provides swaps, perpetuals, WOO staking, and yield-generating pools, branding itself as “the easiest way to DeFi.”

WOOFi operates on over 10 major networks, including Arbitrum, Avalanche, Optimism, and zkSync, often ranking among the top 10 DEXs by volume. This positions WOO as one of the few tokens with strong utility in both centralized and decentralized finance. WOO’s mission is to deliver top liquidity with competitive terms, focusing on efficient price execution, user-friendly experience, cutting-edge tools, and global accessibility.

WOO Price Chart

Today, WOO’s price stands at $0.2051, reflecting a 10.68% rise over the past 24 hours. This increase has boosted its market cap by 10.57% to $376.50 million, with trading volume jumping 54.69% to reach $34.22 million. The sentiment around WOO remains bullish, with a Fear & Greed Index score of 69 (Greed), suggesting a rise in token transactions and growing optimism for an upward trend.

In addition, WOO recently launched an improved version of its Real-World Asset (RWA) Flexible Term Vaults in collaboration with OpenTrade, utilizing Avalanche’s Layer 1 blockchain. This upgrade aims to enhance liquidity and lower transaction costs for WOO X users. It also offers Features like instant redemption and daily compounding, catering to the demand for more flexible and stable investment options.

5. Flow (FLOW)

Flow (FLOW) has shown a daily increase of 2.86%, making it the top gainer among the top 100 cryptocurrencies by market cap. Currently priced at $0.5442, FLOW’s trading volume has also risen by 2.11% to around $22.42 million. Moreover, its market capitalization has grown to $838.32 million. Despite this uptick, FLOW still sits 98.82% below its all-time high of $46.16 from April 5.

Developed by Dapper Labs, Flow is a Layer-1 blockchain tailored for decentralized applications (dApps) and digital assets. The platform’s design prioritizes performance and user-friendliness, aiming to deliver scalability without sacrificing decentralization. This structure supports developers in building secure, efficient smart contracts and advancing the decentralized space.

FLOW Price Chart

FLOW plays several important roles within the Flow ecosystem. It can be used to pay transaction fees, stake money, and participate in network governance. As the number of decentralized applications (dApps) and users on the platform increases, so does the demand for FLOW, which impacts its price. The recent rise in FLOW’s value follows a July 24 announcement from Flowverse, a discovery hub, and NFT marketplace for the Flow blockchain. They revealed that OKX Australia has listed Flow on their exchange.

Moreover, on-chain data analyst Adrià shared several significant updates in a July 24 announcement. These updates include the upcoming Crescendo Testnet set for August 14 and NBA Top Shot’s BETA reaching $100k in total value locked. Additionally, 3,500 contracts have been created on Flow, and Flowverse has introduced a new open-source category. These developments indicate a bright future for FLOW and its ecosystem.

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  • Next Big Crypto Breakout for 2024

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