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The altcoin market looks relatively bullish as some coins try 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. Celsius (CEL)
Celsius is a complete banking and financial services platform for cryptocurrency users. It was launched in June 2018. The platform offers rewards for depositing cryptocurrency and provides services such as loans and wallet-style payments. Users receive regular payouts and interest on their holdings. When users pay with the native CEL token, their payouts increase.
Celsius aims to outperform traditional banks by offering better terms on financial services. These include higher returns on savings and deposits, fairer loan requirements, and algorithmically calculated automated rewards. The platform eliminates penalties and typical bank fees. Additionally, it functions as a wallet through its CelPay feature.
Additionally, 80% of profit margins on user interest payments are returned, with lending done to institutional entities such as hedge funds. These loans are secured because they are asset-backed, requiring borrowers to provide collateral exceeding 100% of the borrowed amount.
CEL is currently priced at $1.45, showing a 37.75% increase in the past 24 hours and a 147.02% rise over the past month. It is trading 522.03% above its 200-day SMA of $0.237196. The 14-day RSI is 57.95, indicating neutral market conditions. Over the last 30 days, there have been 11 green days, comprising 37% of the period, with a 30-day volatility of 54%, suggesting significant price fluctuations. The platform has a market cap of $55,175,697 and a 24-hour trading volume of $43,309,082, indicating high liquidity, as shown by the volume-to-market cap ratio.
2. Uniswap (UNI)
Uniswap (UNI) has recently gained significant attention. The platform announced that over 600,000 uni.eth usernames have been claimed. This indicates strong interest and confidence from the crypto community in this exchange coin.
Due to this news, there is potential for an uptrend in UNI’s value. Over the past year, Uniswap’s coin value has increased by nearly 100%. More than 14 technical indicators are currently in the buy zone for UNI. As a result, market analysts predict that UNI could reach $15 by the end of Q2 2024.
UNI saw a significant increase of over 20% after Uniswap Labs, the protocol development organization, hinted at an announcement. Once it stabilized above $9.20, Uniswap’s price began to climb, similar to Bitcoin and Ethereum. UNI’s price moved past the resistance levels of $9.80 and $10.00.
Monthly Arbitrum volume has almost doubled compared to last year 🔷
May 2023: $6.87B
May 2024: $11.66BL2 season still going strong 👀 pic.twitter.com/N38BQXKt9w
— Uniswap Labs 🦄 (@Uniswap) June 3, 2024
A critical bearish trend line was broken at the $10.35 resistance on the hourly UNI/USD chart. The bulls then drove the price above the $10.50 and $11.50 resistance levels. However, the bears emerged near the $12.00 mark. Currently, UNI is trading above $11 and the 100-hourly simple moving average. The immediate resistance is around $11.55; the next key resistance is $12.00. Closing above $12.00 could lead to further gains in the short term.
3. PlayDoge (PLAY)
The PlayDoge website stands out with its retro gaming look. It uses a charming 8-bit style and vibrant, clean branding that attracts traditional gamers and modern crypto fans. This project offers an engaging Play-to-Earn experience inspired by the popular Tamagotchi concept.
In this Play-to-Earn model, players use $PLAY tokens as a monetary reward linked to how well they care for their virtual pet. This new approach adds real-world stakes to the classic Tamagotchi game. Players earn rewards by keeping their PlayDoge healthy and playing fun mini-games. Staying active is crucial to maximizing earnings because neglect could lead to pets running away or dying.
Crypto investors are excited about the retro gaming revolution, as seen in the PlayDoge presale, which has already raised over $2 million. With the price set to increase once $2.5 million is reached, there is a strong sense of urgency to acquire tokens in this promising venture. Accepting various payment methods, such as BNB, USDT, card payments, and ETH, makes it accessible to a broad audience eager to join in.
New achievement unlocked! 🏆
Over $2 Million raised and counting in our #Presale.
Don't get caught by them ghosts! 👻
Secure your spot NOW before the next price rise. ⏰#PlayDoge #MemeCoin #PacMan #BNB pic.twitter.com/Y589v4bH27
— PlayDoge (@PlayDogeGame) June 5, 2024
Looking forward, PlayDoge aims to launch its full app, offer a variety of mini-games, conduct a community airdrop, and expand listings on major centralized exchanges. This unique project builds on an existing game concept and integrates a well-known meme. PlayDoge is positioned to make a notable impact.
Visit the PlayDoge Presale Here.
4. Nervos Network (CKB)
Nervos Network has experienced a steady increase in value since early May following the token’s listing on BitMart. Analysts believe the price will continue to climb if demand for altcoins remains strong and inflation reports are favorable. Moreover, the Bitcoin-halving event will likely boost investor confidence.
Nervos Network is an open-source public blockchain project. It aims to establish a peer-to-peer crypto-economy network that provides secure blockchain services. The network has a dual-layer architecture: the base layer, known as the Common Knowledge Base, handles consensus and smart assets, while the computation layer manages transactions.
The Common Knowledge Base (CKB) ecosystem operates on a Proof-of-Work (PoW) system, using its cryptocurrency, CKByte (CKB). Developers can create decentralized applications (dApps) that work smoothly across various blockchain networks. This enhances both scalability and security.
The CKB token, which runs on a PoW blockchain, guarantees security and decentralization. The network is open-source and undergoes regular third-party audits by firms such as CertiK. Furthermore, the team organizes hackathons with cash prizes to uncover security issues.
At the time of writing, the CKB price is $0.01807, showing an 18.82% rise in the last 24 hours and a 399.98% increase over the past year. It is trading 145.24% above its 200-day Simple Moving Average (SMA) of $0.007369. The market sentiment is neutral, as indicated by a 14-day Relative Strength Index (RSI) of 48.15. The token’s market capitalization is nearing the 1 billion dollar mark.
5. Notcoin (NOT)
Notcoin made a dramatic entrance, surging by 600% within a few weeks. Analysts believe this rapid rise was due to its listings on major exchanges like Binance and OKX, which brought substantial liquidity and drew investor interest. While Bitcoin remained stable, Notcoin experienced significant price fluctuations. Remarkably, its daily trading volume even exceeded Ethereum’s at one point.
NOT is a cryptocurrency created by Notcoin Clicker in the TON ecosystem. It gained popularity among crypto enthusiasts during the winter through free prizes. By mid-March 2024, Notcoin had over 30 million users on Telegram, with 5 million actively participating daily.
Notcoin experienced a dramatic surge of over 190% in the past week, reaching a record high of $0.02644 on June 2. Since its launch, its price has climbed by more than 144%, making it the most talked-about altcoin. Beyond this significant price increase, the token is also notable for its high 24-hour funding APR of 30%, significantly higher than those of major cryptocurrencies like Bitcoin and Ethereum.
At the beginning of the pre-market, people bought the vouchers for a huge price because of the limited supply.
While it was all user actions (P2P market defined the price), we thought that it will probably be a right thing to support these people.40M Notcoin ($1M USD) will be…
— Notcoin Ø (@thenotcoin) June 4, 2024
This exceptionally high interest rate encourages traders to maintain their Notcoin positions in perpetual futures contracts, indicating a strong bullish sentiment in the market. Additionally, Notcoin’s substantial trading volume suggests a very liquid market, which could appeal to investors looking for quick entry and exit opportunities.
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