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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. Fasttoken (FTN)
This week, Fasttoken (FTN) demonstrated resilience with a 7.47% surge despite the overall bearish trend in the market. In the past 24 hours, FTN continued its upward momentum, rising by 6.48% to trade at $2.51. Additionally, the RSI indicator suggests there is still room for growth, indicating the potential for further gains.
Fasttoken takes an advanced approach to blockchain technology, focusing on security, efficiency, and scalability. The project aims to transform the crypto industry by employing a hybrid Proof-of-Stake (PoS) and Proof-of-Activity (PoA) consensus mechanism. This model enhances security and efficiency and addresses common challenges traditional blockchain systems face.
Moreover, the PoS mechanism ensures that validators are selected based on the number of tokens they hold and are willing to “stake” as collateral. This approach reduces energy consumption and improves network decentralization. Fasttoken’s model is designed to create a more inclusive and efficient blockchain ecosystem, making it an attractive option for those seeking sustainable and scalable solutions in the crypto market.
⚡️Experience the future of payments with Fasttoken!
Enjoy quick and easy transactions with FTN through one of the platforms like @CoinPaymentsNET.
Say goodbye to long waits and hello to instant payments!#ftn #fasttoken #payments pic.twitter.com/FTtFB4vhNa
— Fasttoken (@fasttoken_com) August 2, 2024
Fasttoken also offers a comprehensive suite of developer tools with a user-friendly interface. This makes creating and deploying decentralized applications (dApps) easier. Many investors and analysts believe that this combination of technological innovation and user-friendly design makes Fasttoken a promising project, potentially poised for significant growth in the cryptocurrency space.
2. Toncoin (TON)
Toncoin is the native currency of the TON network, used primarily for staking within its Proof-of-Stake (PoS) consensus mechanism, which secures the TON blockchain. The network aims to offer fast payment settlements, user-friendly decentralized applications, low fees, and other benefits provided by its layer-1 independent blockchain. Unlike other networks, TON’s blockchain operates independently and is not built on top of another blockchain like Ethereum.
Recently, Binance, the largest centralized crypto exchange, announced the Toncoin (TON) listing on their platform. This listing went live today at 10:00 UTC, allowing users to begin spot trading TON with other listed pairs. Deposits were already open at the time of writing.
Following this announcement, the price of TON surged by 15%. Additionally, Toncoin’s trading volume nearly doubled, reflecting the significant attention generated by the Binance listing. Currently, TON is trading at $6.28, with a market capitalization of $15.8 billion, placing it eighth in the overall crypto market. The trading volume of this Telegram-associated token has reached $831.50 million.
Binance will list $TON and open spot trading at 10:00 UTC today 💎👀 https://t.co/wV9JCdgj44
— TON 💎 (@ton_blockchain) August 8, 2024
Toncoin has gained considerable interest from traders, driving its price up by over 300% in just a few months. Although the token faced bearish pressure, the bulls triggered a rebound, pushing it back into a bullish range. However, the TON price is nearing a crucial resistance level, potentially leading to a reversal if the bearish influence takes hold.
3. Mega Dice (DICE)
Mega Dice is a GameFi cryptocurrency project built on the Solana network. It has already raised nearly $1.7 million and is on track to reach $2 million soon. The project aims to combine gaming and cryptocurrency, targeting gamblers and holders of its DICE token. The DICE token is currently priced at $0.105266 but is expected to increase in less than 11 days. This makes it an appealing opportunity for prospective investors to join before the price rises.
Additionally, Mega Dice has introduced a Refer & Earn program. This initiative motivates users to invite new participants by offering them a percentage of the spending of those they refer. The project also has an aggressive airdrop strategy, with $2.25 million allocated across three seasons.
Refer a friend and stand a chance to win $1000 every week!🤩
Simply visit https://t.co/QhS5uUOKEb on Telegram, click the 'earn tab,' and grab your unique referral link.
Winners are announced weekly in our Telegram group: https://t.co/w6v0xNRi4q
You could be the next winner!💰 pic.twitter.com/Vr4LkQV63z
— Mega Dice Casino (@megadice) August 7, 2024
In Season 1, active players who wager at least $5,000 within 21 days can earn a share of a $750,000 reward pool. Season 2 ended on June 28, but Season 3 continues to offer incentives, with an additional $1.6 million available for ongoing activity until the DICE token is listed on exchanges.
Moreover, 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, encouraging more engagement and participation on the platform.
4. Stellar (XLM)
Stellar’s price has been stuck in a bearish trend since hitting its yearly highs, struggling to shake off the downward pressure. Although the price experienced a significant drop, a recent recovery has kept the rally within a certain range, suggesting that a breakout could be on the horizon. The buying volume has surged by 228.21%, indicating increased trading activity, which could help push XLM’s price above $0.12.
Today, XLM saw a significant increase of over 7%, reaching $0.102 per token. This rise in interest is also reflected in a sharp increase in trading volumes. According to CoinMarketCap, Stellar’s market cap has grown by more than 7% in the past day, reaching $2.99 billion.
Stellar has been attempting to break above the resistance of a falling wedge since mid-July. With the growing buying pressure, the token may soon breach these levels. The bullish Supertrend and an approaching bullish crossover on the MACD indicate a potential upward trend. If Stellar’s price breaks through the resistance, it could quickly rise to $0.12.
Stellar’s recent performance shows signs of recovery after trading near its lowest point this year. With the recent positive trends in the crypto market, the token could continue to climb. Increased investor interest in Stellar suggests a price increase soon. This optimism is supported by the Relative Strength Index (RSI), which recently moved into overbought territory at 60 after hovering around the neutral zone at 50 for some time.
5. Polkadot (DOT)
Polkadot (DOT) holders faced a challenging period recently, with prices dropping to $3.69 on August 5th during the Bitcoin crash. Polkadot has struggled over the past 30 days, losing 24% of its value. The token’s inflation rate significantly contributed to this sharp decline, offsetting gains from staking rewards. The selling pressure reduced the value of DOT faster than it could recover. However, there may be hope for DOT investors soon.
According to data from CoinMarketCap, DOT outperformed most of the top 10 digital assets, except for XRP, which surged by 17%. DOT’s trading volume increased by 3.05%, reaching $202 million. The price also saw a slight rise of 1.92%, currently trading at $4.65. However, the altcoin remains down by over 11% in the past week.
As the rebound in certain sectors of the crypto market slows, Polkadot has gained some momentum, attracting attention from investors who see potential in its current lower price. According to CoinGecko, the token rose by almost 6% earlier today, although the rebound has since slowed to a 2% increase. Despite this, investors are still watching DOT closely as it gradually climbs.
Pioneering Trustless Bridges with Polkadot Tech https://t.co/1JavnFJSCM
— Polkadot (@Polkadot) August 8, 2024
This renewed interest in Polkadot is partly due to ongoing on-chain developments, which have helped calm market anxieties after the recent broader sell-off. If these positive developments continue, we may see more upward movement in the coming days, as investors and traders believe the sell-off may have been a one-time event.
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