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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. PAX Gold (PAXG)
Amid economic uncertainties, PAX Gold offers a stable option backed by physical gold. As investors turn to precious metals for safety, PAX Gold’s tokenized gold ownership provides a digital asset that merges gold’s stability with the flexibility of cryptocurrency trading. This makes PAX Gold a bridge between cryptocurrency and gold, combining the advantages of both. Each PAXG token represents at least one troy ounce (t oz) of a 400-ounce London Good Delivery gold bar, securely stored in Brinks vaults in London.
PAXG/USD is currently trading at $2,332.97, reaching a daily high of $2,338.67. It seems poised to move toward the upper boundary of the trading channel. The market price could increase if buyers keep prices above the 9-day and 21-day moving averages.
On the daily chart, PAX Gold is approaching the resistance level of $2,345, indicating potential for additional gains. The 9-day moving average needs to stay above the 21-day moving average, with the line pointing upwards, to signal a buy.
If buyers maintain the price above these moving averages, PAX Gold might head towards the channel’s upper boundary, with possible resistance levels at $2,500, $2,550, and $2,600. Conversely, if it falls below the channel’s lower boundary, the support levels could be $2,150, $2,100, and $2,050.
2. Ethereum Name Service (ENS)
Santiment, a cryptocurrency analysis company, recently examined three altcoins, highlighting a common trend among them. According to their analysts, Ethereum Name Service (ENS) has shown significant network growth, with a notable surge in newly created wallets. This increase in new addresses, they believe, is driven by either fear of missing out (FOMO) due to rising prices or an anticipated bullish movement.
The analysts mentioned the recent spike in ENS wallet numbers is due to FOMO from rising prices. After consolidating for four months, ENS bulls overcame the critical $30 barrier and are now aiming for the $50 mark. Buyers have gained confidence and are taking long positions, while sellers seem trapped and are covering their short positions.
Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. It converts human-readable Ethereum addresses, like john.eth, into machine-readable alphanumeric codes used in wallets like Metamask.
The goal of ENS is to simplify access to the Ethereum-based web for humans, similar to how the Domain Name Service (DNS) makes the internet more accessible. Like DNS, ENS uses a system of dot-separated hierarchical names called domains, with domain owners having complete control over their subdomains.
Join us at #ETHCC in Brussels on July 8th for the ENS rebrand launch party! 🎉
Celebrate with us and grab some limited edition merch. RSVP below!https://t.co/tI89kfiViD
— ens.eth (@ensdomains) July 3, 2024
At press time, the ENS token was trading at $25.63, showing an intraday loss of about 6%. However, the weekly, monthly, and yearly charts indicate strong buying momentum. ENS is ranked 74th by market cap, with a market cap of $813.21 million. Analysts remain bullish and suggest the token could soon reach the $50 mark.
3. Mega Dice (DICE)
Mega Dice is a GameFi cryptocurrency project on the Solana network that has recently attracted attention by raising over $1.5 million and is nearing the $2 million mark. This initiative aims to combine gaming and cryptocurrency, appealing to gamblers on its platform and holders of the DICE token. The DICE token is currently priced at $0.086 and will increase in price in the next three days. Potential investors are encouraged to join before the price changes.
Mega Dice has also introduced a Refer & Earn program. This program rewards users for bringing in new participants by offering a percentage of their referrals’ spending. Additionally, the project has implemented a significant airdrop strategy, distributing $2.25 million across three seasons.
Season 1 focuses on active players who wager at least $5,000 within 21 days, offering a $750,000 reward pool. Season 2 ended on June 28, and season 3 continues these incentives, providing an additional $1.5 million for ongoing activity until the DICE token is listed on exchanges.
Refer & Earn with $DICE! 🚀💰
Exciting news! You can still refer users to the Mega Dice presale and earn a generous 10% commission on all referral purchases. Here's a simple guide on how to get started:
1. Visit: https://t.co/E5WFsXQhfQ.
2. Connect: Connect your wallet.
3.… pic.twitter.com/hDcbUGnNOb— Mega Dice Casino (@megadice) July 3, 2024
Besides airdrops, token holders can earn rewards through staking, receiving daily payouts based on the casino’s profits. Mega Dice also offers NFTs for VIP players and a 25% referral commission to boost engagement and participation on the platform. In summary, Mega Dice provides an intriguing opportunity at the intersection of gaming and cryptocurrency, with various incentives and reward mechanisms designed to engage its users.
4. Fasttoken (FTN)
FTN is the native currency of the Bahamut blockchain, and it has several distinct features. It acts as the gas unit for Bahamut, facilitating staking and the creation and validation of blocks. Additionally, its capability for cross-chain operations boosts its growth and innovation potential.
Initially released as an ERC-20 token, FTN functions as more than just a cryptocurrency. It is a utility token within the SoftConstruct ecosystem, allowing users to handle various business and personal transactions with SoftConstruct’s products and services.
FTN is priced at $2.25, showing a positive trend with a 2.05% increase in the last 24 hours. The market cap has grown by 2.04% to $687,179,229, and the 24-hour trading volume has surged by 53.35% to $40,389,779. Fasttoken trades 136,847.97% above the 200-day SMA, which is $0.001646. This upward trend may boost confidence among potential investors and stakeholders.
⚡ #FTN is now listed on @ChangeNOW_io Exchange, marking its expansion in the market.
Learn more here 👉 https://t.co/hSBV9dpYGR#fasttoken #ftn #integration pic.twitter.com/sqcfohl8Dy
— Fasttoken (@fasttoken_com) June 27, 2024
The sentiment around FTN price prediction is bullish, although the Fear & Greed Index scores 43, indicating fear. Despite this, FTN’s solid fundamentals and the support of a dedicated crypto community suggest it could achieve significant growth. If FTN announces collaborations with other networks, its price could exceed $3.52 by 2024.
Assuming the current bullish trend in the crypto market continues, we expect the average price of FTN to be around $3.19 by 2024. However, if the crypto market declines, the minimum value of FTN could drop to $2 in 2024. This information aims to prepare potential investors for possible price fluctuations.
5. aelf (ELF)
aelf has made significant strides in its blockchain projects, particularly with its recent shift to incorporate artificial intelligence (AI) into its blockchain system. Recently, aelf became a key member of AI Apex Asia. The price of ELF is $0.3328, showing a 0.36% decrease in the last 24 hours. Despite this, the 24-hour trading volume increased by 15.11%, reaching $19,370,446.
Right now, the sentiment around the ELF price prediction is bearish, and the Fear & Greed Index indicates a score of 44 (fear). However, the rise in token transactions suggests growing optimism for an upward trend. The 14-day Relative Strength Index (RSI) stands at 31.40, placing the cryptocurrency in a neutral zone, which implies it might continue trading sideways.
By integrating AI into its blockchain architecture, aelf is leveraging advanced technology to enhance its platform’s efficiency, scalability, and security. This innovation positions aelf at the cutting edge of blockchain technology.
🚀 We are excited to join the W3AI Whitelist Program, gaining early access to AIOZ W3AI V1! This AI-as-a-service platform leverages DePIN GPU for efficient #AI execution and secure, decentralised storage. 🤖💾
🌐 By joining the programme, we’re enhancing our blockchain with… https://t.co/BOhqzvSpBM
— ælf (@aelfblockchain) July 2, 2024
With a strong foundation and the support of a dedicated crypto community, ELF has significant growth potential. If the positive trend in the crypto market persists, we expect the average price of ELF Coin to be around $2.71 in 2024. However, if the market declines, the minimum value of ELF Coin could drop to $1.71 in 2024.
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