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The cryptocurrency market looks relatively 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. Pixels (PIXEL)
Pixels (PIXEL) is a captivating social casual web3 game powered by the Ronin Network. This game offers players an open-world experience focused on farming, exploration, and creation, all within a blockchain-backed environment.
Pixels encourages players to gather resources, improve their skills, and build relationships through various adventures. It seamlessly integrates blockchain technology, enabling players to own their in-game assets and track their progress. This creates a world where blockchain ownership is naturally incorporated into the gameplay.
Today, the PIXEL price is $0.05408, reflecting a 20.34% increase in the last 24 hours. Although the PIXEL price prediction sentiment is currently bearish, the Fear & Greed Index score is 73 (Greed). This indicates a rise in token transactions and suggests growing optimism about an uptrend.
If the PIXEL project collaborates with other networks, the PIXEL coin’s price could exceed $2.7 by 2024. Additionally, if the crypto market trend continues to be bullish, the average cost of the PIXEL Coin might remain around $2.37 in 2024.
At the same time, Pixels has integrated NFTs into the game. This integration allows users to easily connect their wallets and interact with their digital assets within the game. This step demonstrates Pixels’ dedication to leveraging blockchain technology and providing an immersive gaming experience.
2. PlayDoge (PLAY)
In just a few days after launching, PlayDoge raised more than $1.2 million in its ongoing presale. The $PLAY meme coin, inspired by Dogecoin, is based on the Shiba Inu dog breed. However, it differs from the popular meme coin in several ways.
Moreover, PlayDoge is an innovative Play-to-Earn (P2E) mobile game. It adapts the DOGE meme, making it more interactive. The game turns the Doge meme into a Tamagotchi-style virtual pet, allowing players to earn $PLAY tokens while they play.
The project’s mascot is PlayDoge, a virtual dog companion in the play-to-earn (P2E) system. With PlayDoge, players can earn rewards by caring for their pets and embarking on exciting adventures.
Unlike Dogecoin, PlayDoge operates on the BNB Chain, which Binance developed. This ensures efficient transactions and smooth integration of gaming activities. Besides earning rewards through P2E, token holders can also earn passively by staking $PLAY, which offers an impressive 412% annual percentage yield (APY).
The recent success of $PEPE and $BONK demonstrates the ongoing popularity of meme coins, highlighting the potential of PlayDoge. $PLAY not only has viral appeal but also real-world utility, making it a strong contender in the market. Currently, $PLAY tokens are available for $0.00501 each. With a price increase expected in less than four days, securing the best deal fast is a good idea.
3. Highstreet (HIGH)
The price of Highstreet (HIGH) rose by 11.39% in the past 24 hours, reaching $7.49. Meanwhile, its market capitalization increased by 11%, surpassing $377 million. Trading volume also climbed to $73,230,319, marking a 21.63% increase over the same period.
Additionally, the HIGH token price has surged by 55.90% within one week, demonstrating strong bullish momentum. The weekly chart reveals a rounding bottom reversal pattern for this metaverse token. The current bull run has already exceeded the 78.60% Fibonacci retracement level, suggesting a potential rise to a new all-time high soon.
The Highstreet team has been actively working on several projects. They have been implementing virtual reality and revealing concept art that explores the project’s lore. Highstreet merges Shopify experiences with MMORPGs for brands, offering players an exceptional Metaverse experience.
Based on Fibonacci levels, resistance was anticipated at $7.260 during the breakout run. If the breakout persists, the token might rise to $11.225, exceeding the $10 mark this June.
4. Wormhole (W)
In less than 90 days since the Wormhole token was launched, its market cap has surpassed $1 billion. The daily trading volume has exceeded $170 million, making it a top contender on experts’ watch lists for the best crypto coins. According to CoinMarketCap, the price of Wormhole has increased by just over 13% in the past week as the crypto market experiences a correction.
This growth coincides with Robinhood Crypto’s recent announcement just three days ago. The well-known crypto trading platform now supports Wormhole (W) and Jupiter (JUP) trading for European customers. Additionally, the announcement included a €500 reward and up to a 10% bonus on net purchases during the first 30 days of new user sign-up.
The broader Wormhole network is trusted and utilized by teams such as Circle and Uniswap. So far, the platform has managed the transfer of over 40 billion dollars through more than 1 billion cross-chain messages.
Currently, Wormhole is trading below the 50-day simple moving average (SMA). However, market sentiment for Wormhole remains optimistic. Technical analysis indicates that the coin trades above the crucial support level of $0.55. The trading chart suggests signs of a rebound. With the expected bull run, Wormhole’s price will likely reach $1 in June.
5. Notcoin (NOT)
The popular play-to-earn token, Notcoin (NOT), has captured investors’ interest over the past week with impressive market performance. CoinMarketCap data shows that Notcoin’s price jumped by 68% in the last 24 hours, reaching $0.02291 and becoming the market’s top-performing asset.
This remarkable performance suggests significant buying interest from spectators, analysts, and potential investors. Initially released as a closed beta in November 2023 by the Open Builders and supported by the Open Network (TON) Foundation, Notcoin officially launched in January 2024. Since then, it has attracted millions of users thanks to its simple gameplay and strategic partnership with Telegram.
Notcoin reached top 1-2 by volume on Binance, OKX, Bybit today
Love to see how the traders and believers are involved
Thank you guys
You are writing history
— Notcoin Ø (@thenotcoin) June 2, 2024
The NOT token was airdropped on May 16. Since then, it has highlighted the crypto market’s volatility. Initially, Notcoin’s price dropped by over 60%, from $0.012 to a low of $0.0050. The token has recently shown impressive performance. Over the past week, it gained over 337%, reaching an all-time high of $0.02291.
Furthermore, Notcoin’s market cap increased from $526.77 million to approximately $2.4 billion, placing it close to the top fifty cryptocurrencies. The sentiment around Notcoin is very positive, with a Fear & Greed Index of 73 (Greed). With bulls controlling the market, Coincodex predicts the play-to-earn token could rise to $0.054 within thirty days.
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