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Achieving good returns in a strong market involves monitoring the top cryptocurrencies and preparing Altcoins for growth. Yet, spotting the next prominent cryptocurrency can be challenging because many investors focus on already popular assets.
This 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
Today’s analysis details the performance of the cryptos that investors should add to their watchlist. It also includes a special mention of Sealana, a Solana meme coin that introduces features and widgets to accommodate different investor preferences. The details of its presale and the performance of the top-performing crypto today are shared below.
1. FTX Token (FTT)
The team behind FTX consists of experienced crypto traders who decided to create their platform after encountering problems with mainstream crypto futures exchanges. FTX claims to be unique with features like clawback prevention, a centralized collateral pool, and universal stablecoin settlement.
FTX is a centralized crypto exchange founded by Sam Bankman-Fried in 2019. It is supported by major trading firms such as Almeda Research, OTPP, Temasek, BlackRock, Coinbase Ventures, and Sequoia Capital. By 2022, the platform had over a million registered users, with daily trading volumes in the billions.
Today, FTT is priced at $1.53, reflecting a 12.51% increase in the last 24 hours. The market cap has also risen by 12.55%, now at $502,428,205. Despite the bearish sentiment in price predictions, the Fear & Greed Index is 71 (Greed), indicating a rise in token transactions and suggesting growing optimism for an uptrend.
FTT has solid fundamentals and the support of a committed crypto community, giving it significant potential for future growth. If the FTT project announces partnerships with other networks, the price could surpass $4.2 by 2024. Assuming the crypto market remains bullish, we expect the average cost of FTT to be around $3.84 by 2024.
2. Ethena (ENA)
Ethena (ENA) might be recovering despite its recent downward trend. ENA is priced at $0.730, a 1.53% increase in the last 24 hours. Since late April, ENA’s trading chart against Tether (USDT) has shown a consistent decline, marked by lower highs and lower lows, indicating ongoing bearish momentum.
However, there has been a slight rebound from a significant drop in early June when the price fell to around $0.600. This bounce suggests possible short-term bullish sentiment. Additionally, Ethena’s market cap has recently exceeded $3 billion, a notable achievement for the stablecoin in the altcoin market, especially within the Ethena Labs ecosystem.
The growth of Ethena’s market cap aligns with trends observed in other active tokens. This reflects strong investor interest and active network engagement. The recent stability and increase in Ethena’s market cap indicate its robustness and suggest an expanding investor base.
Ethena is excited to announce an integration of Symbiotic with LayerZero’s Decentralized Verifier Network (DVN) framework to transport Ethena assets such as $USDe cross-chain secured by staked $ENA https://t.co/pPQRyeehXV
— Ethena Labs (@ethena_labs) June 11, 2024
Since its launch, Ethena has been one of the trending cryptocurrencies. It saw significant peaks in its early market days. Currently, Ethena is in a lower-value phase, waiting for market trends to shift. With its current price at $0.7588 and ongoing investor interest, Ethena is an excellent crypto to consider purchasing. Additionally, its historical performance suggests it has the potential to double its current value.
3. Sealana (SEAL)
Sealana’s presale began successfully, raising more than $200,000 hours after starting. This impressive launch indicates that the presale might conclude sooner than anticipated due to high demand.
Sealana’s appeal comes from its unique and engaging concept. It blends popular elements such as Solana integration and direct wallet coin transfers while maintaining a fun and original theme. However, since the project’s website shows no set hard cap, interested investors should act quickly before it officially launches. Currently, the project has amassed over $4 million.
Moreover, the Solana meme coin includes a new “send-to-wallet” option alongside a traditional “Buy Now” widget to cater to various investor choices. Sealana is set to debut around the Pepe Coin surge anniversary, which analysts find noteworthy.
Experts suggest that Sealana could mirror Pepe Coin’s success. They anticipate it will follow a similar path as the popular meme coin did in 2023, potentially becoming the next meme token to offer substantial returns for its investors.
#Sealana has got some big news for y'all today! 🦭🍻 After a long night of drinking, doin' American $SEAL things 🇺🇸 and blacking out! 😵 He woke up with some real mental clarity and made the call that the #Presale's gonna end on June 25th at 6 pm UTC! ⏰
You know what that… pic.twitter.com/va7W8abVjb
— Sealana (@Sealana_Token) June 6, 2024
The American patriotism theme draws attention from the Solana community, which loves meme coins and right-leaning investors who support former US president Donald Trump. The native token, $SEAL, is currently priced at $0.022 per token. However, don’t wait long because Sealana has set the presale end date for June 25th. After the presale, its price could soar when the token is listed on a major exchange.
Visit the Sealana Presale Now!
4. Terra Classic (LUNC)
The price of LUNC has increased by 9.02% in the past 24 hours, now trading at $0.000105. Its 24-hour low and high are $0.0000918 and $0.00009709, respectively. Additionally, trading volume has surged by 93.45%, reaching 39.26 million in the last day.
This week, the cryptocurrency exchange Binance TH, a joint venture between Binance and Gulf Energy, has resumed support for LUNC and USTC trading. This action has sparked significant enthusiasm within the Terra Classic community. Binance TH’s decision is part of a larger effort to revive the Terra Classic ecosystem, including LUNC and USTC tokens.
On June 15, Binance TH announced an event titled “From Collapse to Resurrection LUNC?” on the X social media platform. In partnership with Gulf Binance, this initiative aims to engage those affected by the Terra-Luna crisis who still believe in LUNC’s potential recovery.
LUNC developer groups, validators, and the community are actively working towards reviving LUNC to $1 and repegging USTC to $1. Developers are also considering a Terra Luna Classic proposal to implement Tax2Gas, eliminating the need for separate tax handling and calculation. This proposal, put forward by StrathCole and Genuine Labs, aims to integrate the tax into the gas fee, simplifying matters for dApp developers.
The LUNC price has fluctuated between $0.000098 and $0.0001219, with bulls and bears continuously competing for control. Terra Classic has seen a community and market confidence boost since Do Kwon stepped back from its operations. This significant shift and strong support from Binance have rejuvenated the platform.
With the community now in charge, their collective efforts are visible in the sustained enthusiasm for LUNC, Terra Classic’s native token. Binance’s participation is considered crucial for its ongoing growth and development.
5. Cats in a dogs world (MEW)
“Cat in a Dog’s World” changes the usual focus on dog-themed tokens by highlighting feline-centric humor. This meme coin aims to attract a dedicated community of cat enthusiasts, adding a unique flavor to the meme coin market.
The $MEW token surged two weeks ago, sparking significant interest among investors. This suggests that cat-themed meme coins might be becoming viable investments again. The momentum continued as $MEW’s value increased, driven by positive news and new partnerships, which could help it reach its all-time high.
“Cat in a Dog’s World” ($MEW) is a meme coin gaining popularity. It has a market cap of $389 million. Despite a drop of over 16.99% in the past week, it has grown by 40.10% over the past month and an impressive 147.82% over the past year. This might present a buying opportunity for investors.
The tokenomics of “Cat in a Dog’s World” are fascinating. Of a total of 88 billion tokens, 90% have been burned. Consequently, only 10% will be airdropped to the Solana community. This limited supply and increasing demand might boost the token’s price.
Additionally, the project has teamed up with LOCUS Studios to create a 3D animated series. This partnership aims to expand “Cat in a Dog’s World” by integrating high-quality animation with the Solana memecoin community. By using captivating storytelling and immersive visuals, this collaboration seeks to bridge the gap between cryptocurrency and mainstream culture, providing a unique experience for a global audience.
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