Highlights:
- Grass has maintained stellar market performance in its short crypto market debut. Its remarkable actions manifested in its 104.6% spike in its 7-day-to-date data.
- PEPE’s network was buzzing with transactions, culminating in its 24-hour trading volume spiking by over 100%.
- Dogecoin was arguably one of the performers post-Trump’s poll victory. Its daily price change data reflected a 9% surge as IntoTheBlock revealed that profitable holders soared to 89%.
It is no longer news that the crypto market is experiencing a boom following Donald Trump’s victory in the United States elections. At the time of writing, the crypto market is up by 4.2%, reflecting about $2.58 trillion in entire market capitalization.
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Mirroring the remarkable market trends, Bitcoin skyrocketed significantly in the early hours of today. The pioneer cryptocurrency broke above its previous peak value of $73,700, establishing a new all-time high valued at roughly $75,300.
Amid the impressive market runs, some tokens have stood out among their peers. Notedly, their price actions are showing glimpses of a possible explosion soon. These cryptocurrencies include Grass (GRASS), Pepe (PEPE), and Dogecoin (DOGE).
Next Cryptocurrencies to Explode
1. Grass (GRASS)
After gracing the crypto market barely a month ago, the Solana-based token Grass has done remarkably well by attracting significant interest. The token’s selling price was $1.92, reflecting a 16.5% upswing in its 24-hour-to-date variable.
Aside from its short interval price change variable, Grass’s past week’s data displayed a 104.6% upswing, underscoring the token’s incredible run. In a lengthy tweet, a verified X user and crypto research enthusiast has revealed some key insights fuelling Grass’s impressive market actions.
According to the expert, the token’s attractive outlook began from its airdrop phase. The X user noted that the project behind Grass allocated 10% of its circulating supply to airdrops. Aside from the airdrop, the expert mentioned that the Grass-staking initiative was another step in the right direction. Part of the tweet read thus: “The airdrop was just the first step. The second step was staking, and currently, around 35% of the circulating supply of GRASS is staked.”
Other salient points centered around the project’s data handling method via encryption and ensuring users’ privacy. With such a method of handling data, retrieving them could serve as a source of revenue for the project, which invariably implies more gains.
You wonder why $GRASS is pumping?
– Grass allocated 10% of its supply for Airdrop One, distributed among 2M users. About 100K users received over 100 $GRASS in the airdrop, worth around $200, for running an app and sharing their public data with the Grass network, data they were… pic.twitter.com/KVEe6BbLvS
— hitesh.eth (@hmalviya9) November 6, 2024
2. Pepe (PEPE)
Dubbed the next SHIB, frog-themed cryptocurrency, PEPE has been generating waves in the crypto space since its early period of gracing the market. For context, after its launch in April 2023, PEPE took the crypto market by storm, appreciating by about 15.37M% in its first quarter.
At the time of press, the third most valuable meme coin displayed a selling price of about $0.0000093, following a 7.2% upswing in the past 24 hours. Considering the spike, its market capitalization surged to approximately $3.9 billion. Meanwhile, Pepe’s 24-hour trading volume is up by roughly 111.87% with a $1.36 billion valuation.
Amid PEPE’s attractive price movements, a United States-based exchange, Kraken, recently announced that it has added support for US citizens to trade PEPE on its platform. Per CoinMarketCap, Kraken ranks as the sixth most valuable exchange in the global market space. Hence, it is safe to assert that announcing support for PEPE on the trading platform can inspire more bullish momentum for the token.
🇺🇲 📣 The news everyone is talking about:$PEPE is now available for trading to US clients!
Trade here ⤵️https://t.co/zZvQZ8G90o pic.twitter.com/aR4B81xK23
— Kraken Pro (@krakenpro) November 6, 2024
3. Dogecoin (DOGE)
Elon Musk-inspired token Dogecoin excelled as one of the best performers post-Trump’s election triumph. The world’s most valuable meme coin appreciated by over 20% in today’s early hours. However, it has corrected slightly, reflecting a 9% upswing in its daily price change variable, with about $0.19 in selling price.
Its 7-day-to-date and month-to-date statistics displayed considerable price spikes worth roughly 16.1% and 71.7, respectively. Moreover, IntoTheBlock disclosed that following the tremendous price increment, DOGE holders making gains at the coin’s current price skyrocketed. The analytical intelligence firm noted that 89% of the token holders are profitable. 11% are neither gaining nor losing, while none is losing.
Meanwhile, basking in Trump’s victory euphoria, renowned market chartist Ali Martinez recently gave a bold Dogecoin price projection. The expert cited historical trends to predict that the DOGE is on the verge of hitting price levels between $4 and $23.
With @elonmusk now influencing the 47th President, @realDonaldTrump, #Dogecoin could be primed for a wild ride!
In past bull cycles, once $DOGE broke the 0.50 Fib retracement, it often rallied to the 1.618 or even 2.272 Fib levels. If history repeats, we could see #DOGE hit… pic.twitter.com/VEWXZ0NYOd
— Ali (@ali_charts) November 6, 2024
Final Thoughts
While the crypto market has undoubtedly taken a bullish trajectory as a potential US presidential election outcome impact, some cryptocurrencies chose to distinguish themselves. These tokens are Grass, Pepe, and Dogecoin. They have shown via incredible price actions that they are the best options for prospective investors.
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