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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
It’s that time in the market when investors and traders take a position to either edge their gains or capitalize on emerging trends. Experts believe investors have a better chance of finding the next cryptos to explode among upcoming crypto projects. With that in mind, investors should explore the potential of Mega Dice. The project aims to reward current casino users with many benefits while drawing in new ones. Updates on the project and its prospects are shared below.
1. ConstitutionDAO (PEOPLE)
The favorable price movement in PEOPLE has been drawing investors’ attention for some time despite the overall market trend. The weekly RSI value indicated an overbought state. The outlook remains bullish even after the price changes in the last 24 hours. The PEOPLE token increased by 27.47%, reaching $0.1075, despite experiencing a bearish trend the previous day.
ConstitutionDAO is a decentralized autonomous organization (DAO) created in 2021. Its goal was to buy a rare copy of the United States Constitution at a Sotheby’s auction. However, the DAO lost to Kenneth Griffin, the founder and CEO of Citadel, who won with a bid of $43.2 million.
At press time, the token trades at $0.1075 and has a market cap of over $541 million. This surprising rise follows the dissolution of the DAO in November 2021 after it failed to secure a rare copy of the U.S. Constitution at auction. The reason behind the PEOPLE token’s price increase is still unclear. It may be due to renewed interest in the DAO’s story and the historical importance of the U.S. Constitution. Others think it could result from market manipulation or an unusual market occurrence.
2. Mega Dice (DICE)
Mega Dice distinguishes itself in the meme coin market by emphasizing real utility. As a well-known crypto casino, Mega Dice has become the top GameFi platform on Solana. Their native token, DICE, is gaining a lot of attention.
Mega Dice has raised over $1.3 million in investment, and there is potential for even more growth. The platform offers more than 4,000 games and over 50 sports betting options. It also has a vibrant community of 50,000 active players. This number only accounts for some registered members, indicating a huge potential user base.
After its launch, Mega Dice is set for a big price increase, with 10,000 monthly active players and $50 million in wagers. Owning DICE tokens offers exclusive perks, such as daily staking rewards based on the platform’s performance. DICE token holders get a share in Mega Dice and benefits like limited-edition NFTs. A large portion of the DICE supply is reserved for presale buyers and airdrops to encourage participation.
The $DICE Season 2 Airdrop is STILL LIVE – Earn Your Share of a $750,000 AIRDROP! 🚨💰
Want a piece of the action? Just wager $5000 or more between May 15 and 28 June, 2024, and you could claim your share of the $750,000 airdrop! 😍 With a maximum airdrop of $37,500 per player,… pic.twitter.com/YiFxEUucRx
— Mega Dice Casino (@megadice) May 31, 2024
The presale exceeded expectations, raising over $1.3 million towards its $10 million goal. This strong performance indicates significant growth potential upon launch. Those interested in Mega Dice Token’s presale can follow a simple process. First, connect a wallet that supports Solana (SOL), Ethereum (ETH), or Binance Coin (BNB) to the presale dashboard. Next, convert the chosen cryptocurrency into DICE tokens.
3. MANTRA (OM)
After a period of consolidation, $OM is poised to make a significant move. It is ready to surpass its previous high of $1.04 and aim for our target price of $2. Looking at $OM’s daily chart, we can see a classic example of a bullish trend. The price has found support at a crucial trendline, and the STOCH RSI technical indicator indicates strong buying pressure.
In the meantime, MANTRA has announced a major on-chain product. This significant event will involve two leading players in the RWA space, who will work on building substantial liquidity support for RWA tokenization. This area of decentralized finance (DeFi) has attracted considerable institutional interest this year.
🔥 MANTRA Launches RWA Savings Vault Powered by Ondo’s USDY#Ondo and #MANTRA will incentivize a multi-chain USDY vault allowing contributors of USDC to gain access to low-risk, short-term US treasuries yield. Those holding until the MANTRA Chain mainnet launch will receive… pic.twitter.com/X8ALXIFoGj
— MANTRA – Tokenizing RWAs (@MANTRA_Chain) May 31, 2024
When its blockchain launches later this year, MANTRA will include Ondo’s primary interest-bearing tokenized note, USDY, as an initial asset. USDY offers holders the benefits of short-term US Treasury yields while retaining the practical features of stablecoins.
The real-world asset (RWA) market is rapidly growing, and $OM (MANTRA) is deeply involved! With the RWA market booming, a strong partnership with Ondo Finance, and solid fundamentals, $OM is set for a big upward trend. As the $2 target approaches, savvy investors prepare for an exciting journey.
4. MAGA (TRUMP)
MAGA (TRUMP) and other meme coins inspired by the former U.S. president saw a sharp price drop right after Thursday’s verdict, where Trump was found guilty of 34 felony counts in his “hush money” trial. However, this decline was very brief.
Soon after, the TRUMP token recovered its initial losses and experienced a significant surge. The price of the Ethereum-based token quickly rose beyond its pre-verdict level. By late Thursday, it continued climbing and reached a new all-time high of $16.84 per token.
The Trump-inspired token has seen a significant rise in recent weeks. This surge is attributed to former President Trump’s newfound support for cryptocurrency despite his past criticism of Bitcoin. His campaign has announced that it accepts donations in cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin. Additionally, during a campaign event, Trump promised to free Ross Ulbricht on the first day of his presidency.
🚨BREAKING: Donald $TRUMP says "We're backing #crypto as a field, and we have to, otherwise somebody else will do it!" pic.twitter.com/B5Kv7qRjZJ
— MAGA Memecoin (@MAGAMemecoin) May 28, 2024
The token’s price increased by 12.99%, reaching $16.98 at the time of writing after minor fluctuations. Over the past week, the token’s value has almost doubled, rising by over 95%. This surge has boosted its 30-day gains to about 274%. Currently, TRUMP ranks as the 224th most valuable cryptocurrency on CoinMarketCap by market cap and is the leading politics-themed (or “PolitiFi”) coin.
5. Synthetix (SNX)
Synthetix is a decentralized protocol on the Ethereum blockchain designed to address liquidity issues in decentralized exchanges (DEX). It enables synthetic versions of fiat currencies, cryptocurrencies, and commodities. Currently, the trading price of Synthetix is $2.95, and its market value exceeds $966 million. A slight increase in value could push it past the $1 billion mark.
Recently, transaction activity on the Synthetix platform has surged significantly. Additionally, the volume of derivative trading on Synthetix has increased by 208% in the last few days. This has led to a 17.1% rise in open interest, totaling $27 million. This growth reflects increased market confidence and interest in Synthetix.
why aren't you trading Synthetix perps on @Base via @Kwenta_io?
Up to 50k SNX is up for grabs each week. 90% of your fees are rebated. pic.twitter.com/5xhFHgPGFN
— Synthetix ⚔️ (@synthetix_io) May 30, 2024
The SNX price fluctuates between the 50-day and 200-day EMAs, showing some uncertainty. However, the MACD line is moving in a bullish direction, and the relative strength index (RSI) has climbed above 50, currently standing at 62.02, indicating bullish momentum.
Synthetix, one of the earliest DeFi coins, has existed since 2018. In 2021, it experienced a surge with the broader crypto market but then plummeted during the subsequent crypto winter. At that point, Synthetix seemed to fade into obscurity. However, it made a surprising comeback by increasing its value by a third in just ten days, surpassing many major cryptocurrencies.
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