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Cryptocurrency prices have been on the rise lately, and the overall feeling in the market is favorable. Recently, Bitcoin (BTC) has been hovering around $64K, and Ethereum (ETH) is striving to approach $3,400, creating mixed sentiments among investors.
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 coins with some potential and inform investors and traders about each token.
Next Cryptocurrency To Explode
Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Base Dawgz, one of the newest memecoin launches on the Base Network. It features a distinctive multi-chain experience with smooth interoperability across various blockchains. The details of its presale and the performance of the top-performing cryptos today are shared below.
1. Mantle (MNT)
MNT, the native token of Mantle Network, has risen by 12% in the last 24 hours and is now priced at $0.8578. This increase happened despite a general decline in the cryptocurrency market. Mantle Network currently has a market capitalization of about $2.8 billion, ranking it 31st in global cryptocurrency standings according to crypto.news.
MNT’s trading volume increased by 12.7% in the last 24 hours, reaching $240 million. During this time, the price ranged from $0.77 to $0.86. The rise in MNT’s price is linked to more daily active and new addresses engaging in MNT transactions.
Previously known as BitDAO, Mantle is an investment DAO connected to Bybit. The Mantle token (MNT) is used for governance, gas fees on the network, and staking. Mantle Network uses an Optimistic Rollup (ORU) to scale Ethereum and aims to be compatible with the Ethereum Virtual Machine (EVM).
Methamorphosis is now on Mantle Rewards Station!
Lock your $MNT to start earning $COOK rewards today 🔒
July 15, 12PM UTC – Oct. 9, 2024, 12AM UTChttps://t.co/kNhmrPIe7d pic.twitter.com/GiXUZ8pGXM
— Mantle (@0xMantle) July 15, 2024
Mantle operates on the Ethereum network, providing a secure and scalable platform for decentralized application (dApp) developers. This makes it appealing for GameFi applications and has led to the creation of an in-house Web3 gaming team.
Introduced by Immutable, Mantle plans to revolutionize blockchain gaming with its upcoming zkEVM technology. This innovation aims to improve gaming performance by speeding up transactions and enhancing scalability while maintaining compatibility with Ethereum. Mantle seeks to attract developers and gamers by offering a more accessible and cost-effective platform, pushing the boundaries of blockchain gaming.
2. Aragon (ANT)
Today, the price of ANT is $9.75. In the last 24 hours, it has increased by 12.07%. This significant rise has pushed ANT to trade 58.33% above its 200-day Simple Moving Average (SMA) of $6.20. Over the past 30 days, there have been 14 positive trading days, representing 47% of the month.
At present, the sentiment for ANT price prediction is very bullish. The Fear & Greed Index is at 60, indicating “Greed” and a high level of token transactions. This suggests a potential uptrend and a positive market outlook.
Aragon creates secure tools for launching and managing Decentralized Autonomous Organizations (DAOs). As an Ethereum-based decentralized application (dApp), it helps crypto communities come together based on shared beliefs, values, and resources. Started by the Aragon Foundation, this open-source project aims to speed up corporate adoption of blockchain technology. The network’s native ANT token plays a role in governance within the ecosystem.
Aragon functions as a community-run DAO, where members vote on protocol changes. The network’s open-source tools facilitate corporate blockchain adoption. Its dApp includes features such as accounting and governance, offering companies a sense of identity. It promotes long-term value creation by supporting communities with similar goals. Users can customize pre-made DAO components to suit their needs.
With its strong foundation and backing from a dedicated crypto community, ANT has the potential for significant growth. If the current bullish trend in the crypto market continues, the average price of Aragon Coin could reach around $12 by 2024. Conversely, if the market becomes bearish, the minimum value of the ANT token might drop to as low as $2 in 2024.
3. Base Dawgz (DAWGZ)
Base Dawgz is revolutionizing the crypto world with its innovative multi-chain strategy. This project spans Ethereum, Solana, Binance Smart Chain, and Avalanche, giving users unprecedented freedom in the decentralized space. Base Dawgz is creating a more interconnected and user-friendly crypto experience by breaking blockchain barriers.
The project addresses a major issue in crypto: limited interoperability between blockchains. Base Dawgz uses advanced Web3 technologies like Wormhole and Portal Bridge to ensure seamless interactions across different ecosystems. This allows users to benefit from each blockchain without the usual hassles of switching between them.
Base Chain is the technological backbone of Base Dawgz, offering a robust foundation for its multi-chain functionality. This approach enables faster transactions, lower fees, and enhanced security across all supported blockchains. Users can enjoy a smooth and efficient experience regardless of their chain.
Potential investors have exciting news: Base Dawgz is launching a “Be Social for Airdrop” campaign. By engaging with their social media networks on X, users can earn $DAWGZ tokens. This unique opportunity allows early supporters to get involved and potentially earn significant rewards before the official launch.
We did it $DAWGZ!
$2.5 MILLION reached 🪂 we're soaring now and it doesn't look like we're slowing down 🤩 pic.twitter.com/XY0rUztKpV
— Base Dawgz (@BaseDawgz) July 15, 2024
While specific partnerships are still being finalized, Base Dawgz’s multi-chain strategy opens up endless possibilities for collaboration. The project’s innovative technology and growing community make it an attractive partner for established blockchain projects and emerging DeFi platforms. Early investors could benefit significantly from these future partnerships and ecosystem expansions.
The ongoing presale has already raised an impressive $2.59 million, with $DAWGZ currently trading at $0.006405. This strong start indicates investor confidence and sets the stage for a successful launch. Early supporters have a unique chance to secure their position in what could be the next top meme coin in crypto.
4. Jito (JTO)
In December 2023, the Jito (JTO) token airdrop brought significant attention to the Solana blockchain, which had been experiencing difficulties. This event also emphasized the importance of liquid staking on Solana and gave holders the power to influence platform governance.
For Solana community enthusiasts, the introduction of JTO is significant, as it allows users to participate in governing one of the network’s largest liquid staking protocols. Those engaged with the protocol will likely be interested in the token.
Jito (JTO) maintains a steady value, ranging from $2.04 to $2.75. This suggests that buyers and sellers are evenly matched. The coin is just below its 10-day moving average of $2.41, showing a slight upward trend. If Jito exceeds the first resistance level at $3.07, it could record further gains.
Want to earn extra $JTO every week. Post your memes in the @midcurvemedia discord. 🤝
It's as easy as that. https://t.co/vNqEYaIOyS
— Jito (@jito_sol) July 17, 2024
Over the past 24 hours, the JITO price has been bullish as buyers defended immediate support levels, leading to a recovery toward $3. The 24-hour trading volume increased by 39.43% to $60.28 million, indicating higher trading activity today. JITO is trading at $2.60, up over 5.45% in the last 24 hours.
Looking ahead, Jito could reach the second resistance level of $3.72, representing a 35% increase. Although the coin faced a challenging month with a 37% drop, its 6-month growth of nearly 55% shows strong potential. If buyers gain more strength, Jito could see significant growth.
5. Polymath (POLY)
The Polymath project, built on the Ethereum blockchain, enables users to create, issue, and manage security tokens. To meet the regulatory needs of the capital market, it has developed Polymesh, a specialized blockchain for regulated assets.
Currently, Polymath’s token trades at $0.09607, with a total supply of 1 billion tokens. It ranks 396th globally in the cryptocurrency market, with a market capitalization of $88.863 million. Despite a 7.32% correction in the last seven days, the token has risen by 8.90% in the past day and 14.89% over the past 30 days, indicating a bullish trend.
Polymath has made notable advancements in the blockchain industry by enabling the creation, issuance, and management of security tokens. They initiated the ERC 1400 standard for security tokens on Ethereum and have deployed over 200 tokens using their Ethereum-based solution.
To address the limitations of existing blockchains in regulatory compliance, Polymath developed Polymesh. This institutional-grade blockchain is tailored for regulated assets, addressing key issues in identity, compliance, confidentiality, governance, and settlement. This innovation simplifies outdated processes and facilitates new financial instruments.
Polymath’s focus on regulated assets and innovative approach position it as a key player in the blockchain industry. Polymesh demonstrates its dedication to meeting the needs of capital markets and providing compliance and governance solutions. Polymath’s robust foundation and ongoing innovation suggest the potential for future growth and stability.
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