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The cryptocurrency market looks quite neutral, but some coins are trying to bounce back. Investors need to stay alert during this consolidation phase, as it could be a chance to ride a rising trend.
Institutional investors are now paying more attention to interoperability and tokenizing real-world assets. Prices of these assets are climbing, even before the market takes off entirely. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token.
Next Cryptocurrency To Explode
Attention in the crypto market in the coming month will go toward the altcoin and meme coin sectors and making the most of the altcoin market. Hence, investors can capitalize on the moment and take a position in upcoming tokens like PlayDoge. PlayDoge is a new Doge meme coin that uses play-to-earn technology to create a gaming economy with real monetizable value. This post covers the details of its presale.
1. Bitget Token (BGB)
Until a week ago, BGB’s price was far from reaching a new all-time high (ATH). However, a 16% rally in recent days changed this, pushing the altcoin’s price to $1.32. Now, the ATH is only 5% away at $1.38.
The altcoin will probably reach this new peak within the next month. This upward trend is indicated in the Ichimoku Cloud, which shows bullish signals and is positioned below the candlesticks. The Ichimoku Cloud is a detailed technical analysis tool that helps define support and resistance levels, identifies trend directions, and measures momentum.
If the $1.33 resistance level is surpassed, BGB could come very close to reaching a new all-time high. However, if this attempt fails, Bitget Token might face a correction. Investors might decide to book profits, causing BGB to drop to $1.24.
In other news, Bitget announced a strategic partnership with Anboto Labs earlier this month. This collaboration aims to enhance crypto investors’ trading experience by integrating Anboto’s trading tools into Bitget’s platform.
Introducing the $BWB @BitgetWallet token sale on #Bitget Launchpad!
Commit $BGB and $USDT to seize a portion of 10,000,000 BWB!
➡️ https://t.co/kZIzfIQ9I4#BitgetLaunchpad #BWBcarnival
— Bitget (@bitgetglobal) May 29, 2024
Bitget is hosting an exclusive trading contest with Anboto Labs to celebrate the partnership. Participants can win an iPhone 15 and a share of a $100,000 bonus pool. The contest will run from May 14 to June 14, giving traders an engaging opportunity to demonstrate their skills and earn rewards.
2. DOG•GO•TO•THE•MOON (DOG)
The price of DOG•GO•TO•THE•MOON has surged recently, driven by a new wave of interest in meme coins. Over the past 48 hours, the meme coin market has grown by 3%, reaching a market capitalization of approximately $66 billion.
Just 24 hours ago, DOG reached a new all-time high of $0.006218, pushing its market capitalization to $600 million for the first time. As of now, the price has increased further by 31.04% to $0.007355.
This token, built on Bitcoin’s Runes protocol, seeks to leverage BTC’s popularity to attract more investors. Throughout May, DOG•GO•TO•THE•MOON’s price has steadily increased, hitting new highs every week. In the last three days, the token experienced a significant rise, reaching and surpassing its all-time high of $0.006218.
The price changes within this range created a bullish pennant, indicating that the bulls want to increase the price. The daily technical indicators for DOG also appear positive. The price is currently above the 50 and 200 simple moving averages (SMAs). This supports the upward trend and strengthens the overall bullish sentiment in the market.
If this upward trend continues, the DOG price could surpass $0.004527. This ongoing rise suggests it might soon reach a new high of $0.5, marking a significant recovery in its market value.
3. Arkham (ARKM)
Arkham is a blockchain analysis platform that uses artificial intelligence (AI) to reveal the identities behind blockchain and on-chain data. It has two main features: the Analytics Platform and Intel Exchange. The Analytics Platform provides analytics on various entities, exchanges, funds, whales, and tokens. The Intel Exchange enables users to buy and sell address labels and other intelligence through bounties, auctions, or the DATA Program.
Today, ARKM’s price is $2.56, reflecting a 7.65% increase in the last 24 hours. Its 14-Day Relative Strength Index (RSI) stands at 59.20. This suggests that the cryptocurrency is currently neutral and may trade sideways. However, the ARKM price prediction sentiment is bullish with a Fear & Greed Index of 73 (Greed), indicating increased token transactions and growing optimism for an uptrend.
Unlike many platforms that focus on specific blockchains or limited data sources, Arkham aims for comprehensive blockchain coverage. It collects and aggregates data from various chains using its proprietary AI system, ULTRA. This lets users gain insights from a complete view of the crypto ecosystem.
Exchange Reserves Review: Bybit
Bybit’s holdings on Arkham recently surpassed $12B, close to an all-time high.
This is ~3x their previous cycle peak of $4.4B in 2021.
This makes Bybit the 6th largest global exchange by labeled on-chain reserves.
To see top holdings and… pic.twitter.com/0i1zR3xAAT
— Arkham (@ArkhamIntel) May 29, 2024
With solid fundamentals and support from a dedicated crypto community, ARKM has the potential for significant growth. If the current bullish trend in the crypto market continues, ARKM Coin could be one of the next cryptocurrencies to explode.
4. PlayDoge (PLAY)
PlayDoge is a new Doge meme coin that quickly gained attention by raising $200,000 just minutes after its presale began. Doge meme coins have been popular in the crypto world, and the play-to-earn (P2E) GameFi sector is also thriving. These trends suggest that PlayDoge combines elements from both and is well-positioned to attract crypto enthusiasts looking for the next big thing like Floki Inu.
Additionally, PlayDoge’s native token, $PLAY, operates on the BNB Smart Chain. This is advantageous for $PLAY token buyers since it brings the token to the attention of the Binance listing team, as BNB Smart Chain is Binance’s blockchain.
PlayDoge is a mobile game that turns the famous Doge meme into a Tamagotchi-style virtual pet, allowing players to earn $PLAY tokens. Despite being a meme coin, PlayDoge focuses on gaming utility, particularly reminiscent of the popular 1990s 2D companion games.
PlayDoge embraces the classic 8-bit aesthetic of those side-scrolling games, rewarding players for caring for their virtual pet and embarking on adventures. Activities like feeding, training, and ensuring the pet gets enough sleep contribute to the rewards earned by diligent pet owners. By leveraging decentralized crypto networks, PlayDoge creates a gaming economy with real monetizable value.
The presale starts with a token price of $0.005, using a price ladder system where earlier buyers benefit from lower prices. Half of the total token supply of 9,400,000,000 is available in the presale. Within a day, the cost of the $PLAY token will rise to $0.0055. As interest in meme coins remains high, demand for the $PLAY token is expected to increase as more people learn about the presale.
5. Monero (XMR)
Recent data shows that Monero’s (XMR) price has been rising. As of May 30, 2024, Monero is trading at about $143.11, a 0.23% increase from the previous day. Although this increase is slight, it is noteworthy in a market with unstable cryptocurrencies.
So far this year, Monero’s performance has been mixed. It hasn’t increased as much as other cryptocurrencies but hasn’t experienced significant losses like others. In 2024, Monero is about 5.11% cheaper than it was previously. In contrast, the global cryptocurrency market has fallen 1.62% over the past few days. This suggests that Monero might be experiencing a period of relative decoupling.
Monero has evolved from a crypto token to a “mode of payment.” It offers the most stealthy payment method available. When you pay using Monero, your transaction details are untraceable.
We're excited to share that MoneroKon 2024 is less than two weeks away!
'Monero Konferenco (also known as "MoneroKon") brings together global privacy advocates, cypherpunks, and leading scientists to discuss advancements in privacy and financial technology. The conference and…
— Monero (XMR) (@monero) May 27, 2024
Monero uses RingCT technology to hide the transaction amount. Your transaction ID remains untraceable because it is not permanently linked to your account or device. Each new transaction generates a unique transaction ID.
Investors interested in a privacy-focused transaction approach see Monero (XMR) as an appealing investment. It is an excellent payment option for journalists, whistleblowers, and investigators who must protect their identities.
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