Next Cryptocurrency to Explode, November 8 — Simon’s Cat, Polkadot, Aerodrome Finance

The
cryptocurrency
market
experiences
changes
and
developments
that
shape
investment
choices
every
day.
Last
month,
the
cryptocurrency
market
experienced
heightened
volatility
as
several
tokens
experienced
price
fluctuations.
But
things
are
already
starting
to
look
up
for
smart
investors.

The
crypto
market
is
observing
a
noteworthy
increase
in
trading
signals,
leading
investors
to
religiously
search
for
the
next
promising
token.
However,
spotting
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.
In
stage
1
of
its
presale,
the
project
has
already
laid
a
clear
roadmap.
Investors
looking
for
something
fresh
should
consider
adding
FreeDum
Fighters
to
their
watchlist.

1.
Simon’s
Cat
(CAT)

The
CAT/USD
pair
has
been
showing
strong
upward
movement
following
a
period
of
consolidation
near
its
support
zone
between
$0.00002200
and
$0.00002300.
This
support
area
acted
as
a
foundation,
allowing
the
price
to
rise.
Currently,
CAT
trades
around
$0.00003772,
marking
a
12.58%
increase
in
the
past
24
hours.
The
parabolic
curve
on
the
chart
highlights
robust
buying
interest
and
a
positive
market
outlook.

Technical
indicators
are
also
pointing
to
a
bullish
trend.
The
50-period
SMA
is
positioned
at
$0.00002607,
while
the
200-period
SMA
stands
at
$0.00003203.
With
the
price
now
above
both
these
moving
averages,
the
market
sentiment
remains
positive,
especially
given
the
potential
for
a
“golden
cross”
if
the
50
SMA
crosses
above
the
200
SMA,
signaling
stronger
upward
momentum.

Today’s
price
chart
shows
Simon’s
Cat
(CAT)
tokens
fluctuating,
starting
at
$0.00003633,
reaching
a
high
of
$0.00004,
and
then
correcting
slightly
to
$0.00003772.
Over
the
past
week,
CAT
has
gained
21.93%,
with
trading
volume
up
by
25.16%,
showing
increased
activity
and
positive
sentiment.
CAT’s
market
cap
currently
stands
at
$254.15
million,
with
a
circulating
supply
of
6.75
trillion
tokens.

It’s
time
for

$CAT
szn
to
unlock
a
new
portal
????

pic.twitter.com/RkLUQGGaa5

—
Simon’s
Cat
Token
(@SimonsCatMeme)

November
6,
2024

Simon’s
Cat
(CAT)
saw
a
significant
surge
of
over
26%
on
October
21,
following
Binance’s
announcement
to
list
its
perpetual
futures.
The
exchange
introduced
the
1000CAT
derivatives
contract,
offering
leverage
of
up
to
75x.
Launched
with
an
airdrop
aimed
at
FLOKI
token
holders,
this
meme-driven
cryptocurrency
has
achieved
impressive
growth,
gaining
over
138%
since
its
launch
on
August
22.

Technical
indicators
show
a
continued
bullish
trend,
though
the
RSI
is
currently
in
overbought
territory,
suggesting
investors
may
need
to
be
cautious.
A
brief
pullback
or
consolidation
near
resistance
could
occur
before
CAT’s
price
moves
higher.

2.
Polkadot
(DOT)

Polkadot
(DOT)
holders
have
experienced
a
rough
few
months,
with
prices
falling
as
low
as
$3.69
on
August
5
following
a
Bitcoin
crash.
However,
in
the
past
30
days,
DOT
has
made
a
modest
recovery,
climbing
5.48%.
Trading
volume
also
increased
by
12.91%,
reaching
$257.30
million,
and
the
price
recently
rose
by
5.77%,
now
trading
at
$4.31.
Over
the
last
week,
DOT
saw
an
additional
gain
of
9.86%.

As
momentum
in
some
areas
of
the
crypto
market
slows,
Polkadot
has
managed
to
capture
investor
interest
with
its
current
low
price.
Earlier
today,
Coincodex
reported
a
nearly
6%
rise,
although
gains
have
settled
at
5.61%.
Even
so,
investors
are
keeping
a
close
eye
on
DOT
as
it
continues
its
gradual
climb.

Renewed
interest
in
Polkadot
(DOT)
partly
stems
from
ongoing
on-chain
developments,
which
have
eased
some
market
concerns
following
the
recent
sell-off.
If
these
positive
trends
continue,
we
could
see
further
gains
soon,
as
many
investors
feel
that
the
recent
dip
was
temporary.

Here
you
go.
World’s
first
verifiable,
multichain
bridge
????

Now
Polkadot,
Ethereum,
Optimism,
Arbitrum,
Base,
BNB,
and
Gnosis
are
all
connected
via

@hyperbridgehttps://t.co/MrzXfecABo

No
middleman.
No
trust.
Secured
by
Polkadot.

—
Polkadot
(@Polkadot)

November
7,
2024

Additionally,
Polkadot
has
formed
a
strategic
partnership
with
São
Paulo’s
investment
agency,
SP
Negócios.
This
collaboration
aims
to
strengthen
the
local
business
environment
by
incorporating
blockchain
technology
into
São
Paulo’s
core
economic
sectors. 

Part
of
the
initiative
includes
offering
free
online
blockchain
programming
courses
to
companies
based
in
São
Paulo,
helping
local
businesses
tap
into
advanced
tech
skills.
This
effort
aligns
with
broader
economic
goals
to
integrate
cryptocurrency
and
blockchain
into
traditional
industries,
marking
a
meaningful
step
toward
innovation
in
the
business
world.

3.
FreeDum
Fighters
(DUM)

The


FreeDum
Fighters
($DUM)

project
has
made
significant
progress,
raising
over
$450,000
in
its
presale.
Following
the
recent
Election
Day
results,
PolitiFi
coins,
including
$DUM,
are
seeing
a
rise
in
trading
activity
and
interest.
So
far,
FreeDum
Fighters
has
raised
around
$451,621,
with
early
backers
viewing
it
as
a
fresh
and
exciting
addition
to
the
meme
coin
market.

Please
note
that
we
are
NOT
asking
you
to
claim
any
tokens
yet.
It
will
be
made
crystal
clear
from
the
one
and
only
account,

@Freedum_Fighter,
as
to
when
we
are
launching

$DUM
and
how
to
claim.

Stay
safe
out
there
as
we
continue
to
report
and
block
the
bad
actors
????

—
FreeDum
Fighters
(@Freedum_Fighter)

November
8,
2024

FreeDum
Fighters
offers
a
unique
digital
battle
arena
where
the
two
presidential
candidates
face
off
as
mechanized
versions
of
themselves:
Trump
appears
as
MAGATRON,
while
Kamala
Harris
takes
on
the
role
of
Kamacop
9000.
This
setup
reflects
current
political
themes
in
a
fun,
creative
way.
Just
days
before
the
election,
Trump’s
drop
in
Polymarket
bets
boosted
Kamacop
9000’s
popularity
among
presale
investors.
Through
the
project’s
token,
$DUM,
supporters
can
take
sides
and
make
their
crypto
voices
heard
in
this
lively
meme
coin
project.

FreeDum
Fighters
takes
a
humorous
approach
to
the
intense
U.S.
presidential
race.
Through
characters
like
MAGATRON
and
Kamacop
9000,
early
buyers
of
$DUM
can
support
their
favorite
candidate
and
stake
tokens
in
each
fighter’s
protocol.
However,
staking
is
only
one
way
for
$DUM
holders
to
get
involved.

Another
key
feature
is
the
chance
to
join
weekly
online
debates
hosted
on
the
project’s
social
media.
Here,
community
members
can
argue
for
their
chosen
fighter,
and
those
on
the
winning
side
receive
a
“secret
airdrop”
reward
for
their
efforts.
Investors
can
currently
buy
$DUM
at
a
discounted
presale
price
of
$0.00007,
though
this
price
will
increase
soon
with
the
next
presale
stage.

Visit
the
FreeDum
Fighters
Presale

4.
The
Root
Network
(ROOT)

The
Root
Network
is
an
innovative
Layer
1
blockchain
built
to
power
the
open
metaverse,
creating
a
space
where
different
platforms
connect
seamlessly.
Designed
specifically
for
the
metaverse,
it
features
protocols
focused
on
user
experience
and
smooth
digital
asset
movement,
enabling
assets
to
flow
easily
across
various
metaverse
platforms.

This
network
aims
to
enhance
Web3
experiences,
making
it
user-friendly
for
newcomers
and
more
interoperable
for
developers
working
on
content-rich
applications.
With
a
set
of
core
tools,
developers
can
build
applications
without
needing
to
code
smart
contracts.
Additionally,
the
Root
Network
has
a
rewards
system
where
fees
from
network
activities
are
pooled
and
shared
with
those
who
validate
and
support
the
network,
incentivizing
active
participation.

Mainnet
Update:
8.61.0
in
live!
????

Key
updates
include:

????
Support
added
for
the
Ethereum
EIP-2470
standard
????
Minor
update
to
the
FuturePass
privilege
system
????
Eth
token
bridge
event
now
displays
FuturePass
address
instead
of
EoA
????
Update
to
Marketplace
Pallet
to
emit
an…

—
The
Root
Network
(@TheRootNetwork)

November
5,
2024

ROOT’s
current
price
is
$0.0226,
reflecting
an
11.58%
gain
in
the
last
24
hours.
Its
market
cap
has
also
increased
by
over
11%,
reaching
$32.7
million.
Moreover,
market
sentiment
for
ROOT
is
positive,
with
a
Fear
&
Greed
Index
score
of
69
(Greed),
indicating
growing
optimism
and
higher
transaction
activity,
which
could
signal
a
potential
uptrend.

With
strong
fundamentals,
ROOT
shows
promise
for
future
growth.
If
the
project
secures
partnerships
with
other
networks,
its
price
might
exceed
$1.52
by
2025.
In
a
bullish
market,
the
average
price
of
ROOT
is
projected
to
be
around
$0.19
in
2024.
However,
if
market
conditions
decline,
ROOT’s
price
could
fall
to
as
low
as
$0.0099.

5.
Aerodrom
Finance
(AERO)

Aerodrome
Finance’s
governance
token,
AERO,
has
seen
impressive
growth
in
2024,
with
gains
of
over
1,450%
since
its
launch
in
February.
As
the
primary
liquidity
hub
for
the
Base
network,
Aerodrome
manages
more
than
55%
of
token
swaps
on
the
platform,
making
AERO
a
significant
player
in
DeFi
liquidity.
Its
growth
stems
from
Aerodrome’s
vote-lock
governance
model
and
attractive
rewards
for
liquidity
providers,
which
have
drawn
in
considerable
liquidity
and
boosted
platform
revenue
to
$192
million
in
Q3.

A
major
factor
in
AERO’s
success
is
Aerodrome’s
recent
achievement
of
reaching
a
record
Total
Value
Locked
(TVL)
of
over
$850
million.
With
this
added
liquidity,
the
platform
enables
efficient
swaps
for
key
assets
like
ETH,
USDC,
and
EURC.
Additionally,
100%
of
swap
fees
go
to
veAERO
voters,
likely
attracting
more
users
eager
to
capitalize
on
the
platform’s
success.

Record
Total
Rewards
for
veAERO
voters
for
Epoch
62
????

$7.27M
in
Total
Rewards
(fees
+
incentives)
were
shared
by
veAERO
voters.
Aerodrome’s
second-highest
volume
epoch,
new
assets,
and
growing
TVL
all
contributed
to
the
increased
fees.

pic.twitter.com/AA4dKhw8Gx

—
Aerodrome
(@AerodromeFi)

November
7,
2024

AERO’s
recent
price
surge
is
impressive,
but
there’s
more
to
consider
about
its
market
movement.
The
token
shows
medium
liquidity,
with
a
volume-to-market-cap
ratio
of
0.0541.
This
indicates
steady
demand,
though
its
liquidity
isn’t
as
deep
as
some
larger
assets.
Additionally,
AERO’s
volatility
remains
low,
at
8%
over
the
past
30
days,
which
suggests
steady
price
trends
even
amid
broader
market
shifts.

Over
the
long
term,
Aerodrome
Finance
has
demonstrated
significant
growth,
with
a
remarkable
5,470%
increase
in
the
past
year.
Outperforming
93%
of
the
top
100
crypto
assets,
AERO
has
established
itself
as
a
strong
player
in
the
market.

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