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The altcoin market looks like some coins are trying 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. ConstitutionDAO (PEOPLE)
ConstitutionDAO began as a crowdfunding effort by web3 enthusiasts to purchase an original copy of the U.S. Constitution at a Sotheby’s auction. Though the bid was unsuccessful, the project evolved into a decentralized autonomous organization (DAO) with the PEOPLE token at its core. This token now represents ConstitutionDAO and holds historical significance.
The community-driven approach of PEOPLE has led to a notable price increase since its launch. Over the past 24 hours, the token has risen by over 6%, highlighting its short-term potential. Its 7-day and monthly charts also show solid gains, with a staggering 629.63% increase over the past year, indicating strong long-term prospects.
ConstitutionDAO (PEOPLE) appeals to investors with its unique strategy of collective asset ownership. It aims to democratize the purchase of valuable assets through blockchain technology, ensuring transparency and security. The token’s rapid rise in popularity is fueled by viral marketing campaigns, major exchange listings, and an active community.
Super excited for you all to see this! Also check out the amazing artwork by bestie @Zwistillus 🤩 https://t.co/aSt2N4Kmk8
— ConstitutionDAO (📜, 📜) (@ConstitutionDAO) August 27, 2024
Recent 7-day data from CoinMarketCap shows growing interest in ConstitutionDAO (PEOPLE). The token’s 24-hour trading volume has surged 36.51%, reaching $324,566,117. Although it recently traded below the $0.1 support level, analysts anticipate a rebound. The token may soon surpass its all-time high with positive momentum from Spot Bitcoin ETFs.
2. Axie Infinity (AXS)
Blockchain gaming is gaining traction, and one standout project is Axie Infinity. This platform, with its native token AXS, has made waves by allowing users to earn through gaming. Since its launch, AXS has seen impressive growth, boasting a return on investment (ROI) of 3,713.12%, even amid market downturns. Its strong performance has caught the attention of many in the industry.
However, recent market conditions have impacted AXS. The token’s price has dropped 4.23% over the past week and 17.00% over the past month. With a year-to-date (YTD) return of -49.08%, AXS currently holds the 82nd position by market cap, valued at $718.076 million. If the market turns bullish, AXS could regain momentum and test its upper resistance level at $6.70.
Homeland New Passive Adventure Leeks👀
Lunacians, the long awaited update for Passive Adventure — The Axie Adventure in Homeland is almost here.
Mark your calendars for September 4th, this is the date when the exciting new update goes LIVE!
Get your Axies ready, as they’ll… pic.twitter.com/7acUdXTURW
— Axie Infinity (@AxieInfinity) August 30, 2024
Looking ahead, AXS shows resilience against significant downturns, indicating potential for collective growth. If market conditions improve, AXS could reach $10.12 by the end of 2024. The future appears bright for Axie Infinity, potentially hitting $14.23 by the end of 2025 if the network successfully executes its planned developments.
3. PlayDoge (PLAY)
PlayDoge ($PLAY), a Dogecoin alternative, experienced a significant surge after listing on decentralized exchanges yesterday. The token’s price jumped by 24%, reaching $0.00268 on the PLAY/WETH pool and $0.00186 on the PLAY/WBNB pool. This impressive performance boosted its market capitalization to $17.5 million. The listings followed a successful presale where PlayDoge raised over $6.5 million from enthusiastic contributors eager to explore its 2D retro play-to-earn game.
PlayDoge offers a unique Tamagotchi-style virtual pet gaming platform, unlike many meme coins. This distinctive feature adds real utility and sets it apart in the crowded crypto market. While some early investors may choose to take profits, the option to stake tokens from the presale and the promising gaming platform present attractive opportunities. PlayDoge could be a compelling choice in the crypto landscape for investors seeking a balanced risk-reward scenario.
PlayDoge players engage with their favorite dog breeds personally and earn rewards. By caring for their virtual pets, users earn $PLAY tokens, giving their efforts tangible value. This play-to-earn model enhances user engagement and positions PlayDoge to impact the gaming industry. With the play-to-earn market projected to reach $6.3 billion by 2031, PlayDoge is well-placed to capitalize on this growing trend.
PlayDoge Claim Is LIVE! 🚀 🐶
Claim your $PLAY Tokens by connecting your purchase wallet directly on our website: https://t.co/dAGFQOVg9B
For full details on how to claim, read the thread below. 👇 pic.twitter.com/xPZI6p0tLI
— PlayDoge (@PlayDogeGame) August 29, 2024
Looking ahead, long-term holders of $PLAY tokens may see substantial returns on their investment. As the game officially launches and attracts more players and token holders, the demand and value of $PLAY are expected to rise. However, as with all investments, potential investors should conduct thorough research and consider market volatility before making decisions.
4. Sun Token (SUN)
SUN is a governance token on the SUN.io platform, TRON’s first platform for stablecoin swaps, token mining, and self-governance. The SUN token offers holders various benefits, including voting rights, governance roles, value capture, and staking rewards.
In the past 24 hours, SUN’s price has jumped over 9%, with a trading volume of $262.577 million. Additionally, it has gained approximately 36% in the past week and surged 600.72% this year. With a market cap of $368.646 million, it currently ranks 139th. The Relative Strength Index (RSI) shows a sharp rise, pushing SUN into overbought territory on the 1-day chart. This suggests a continuing uptrend, indicating that SUN’s price may keep rising.
If SUN maintains its price above the support level of $0.0340, it could aim for the upper resistance level of $0.0430 in the coming weeks. However, a trend reversal could see the price retesting its low of $0.0180.
5. Flare (FLR)
Flare is a layer-one blockchain that uses the Ethereum Virtual Machine (EVM) to enhance blockchain functionality. It aims to give developers decentralized access to reliable data from various blockchains and the internet. This capability opens new possibilities for creating applications and monetization opportunities.
Flare also enables decentralized applications (dApps) to support multiple blockchains with a single deployment. Recently, Flare integrated with Stargate Finance, allowing smooth liquidity transfers across over 25 blockchains, including Ethereum, Arbitrum, Optimism, and Base. The Stargate V2’s Hydra feature facilitates the easy movement of USDC, USDT, and ETH to Flare.
Today, Flare’s price is $0.01652, a 2.41% increase over the last 24 hours. According to CoinCodex, Flare could trade between $0.018926 and $0.089576. If it hits the upper target, FLR might become the next cryptocurrency to explode.
We can’t stress enough the importance of redeeming your FTestXRP❗️
By doing so, you free up collateral, enabling others to mint FAssets.
P.S. Don't hold more than 1,000 FTestXRP to qualify for the airdrop. It’s a win-win💡https://t.co/OVg39CuYHE pic.twitter.com/a0TP4Jy7VE
— Flare ☀️ (@FlareNetworks) August 29, 2024
Furthermore, Flare Network has made a major advancement in cross-chain security by integrating Polyhedra’s zkBridge, a cutting-edge cross-chain interoperability protocol. Announced on August 27, 2024, this integration enhances Flare’s capabilities, allowing developers to create more secure and efficient cross-chain dApps using zero-knowledge proofs (ZK proofs).
As Flare continues to improve its cross-chain interoperability, it positions itself as one of the top cryptocurrencies to watch. This integration coincides with the recent positive price movement for the Flare token.
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