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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 $66K to $68K, and Ethereum (ETH) is striving to reach $4,000, 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. Beldex (BDX)
BelNet is a groundbreaking initiative that embodies the principles of DePIN. It offers a decentralized Virtual Private Network (VPN) service by using masternodes as routers to direct traffic within its onion routing system. This decentralized structure ensures the network’s privacy and security. By leveraging blockchain technology, BelNet creates a secure VPN service that safeguards user anonymity and prevents data leaks. Consequently, BelNet allows users greater control over their online activities and reduces the risks linked with centralized VPN providers.
Beldex employs cryptographic techniques to protect user identities and transaction details, ensuring true privacy on its network. Masternode validators verify these private transactions and are compensated with the network’s native currency, BDX. This approach aligns with the DePIN model, which rewards validators who provide physical infrastructure support to the network.
Today, the BDX price is $0.04379, marking a 13.82% increase in the last 24 hours. Its market cap has risen by 13.67% to $282.35 million, with a 24-hour trading volume of $1.54 million. Beldex is trading 6.03% above its 200-day Simple Moving Average (SMA) of $0.041132. The 14-day Relative Strength Index (RSI) stands at 65.59, suggesting that the cryptocurrency is neutral and may continue to trade sideways.
Despite the current bearish sentiment in the BDX price prediction, the Fear & Greed Index is at 74 (Greed). This indicates increased token transactions and growing optimism about a potential uptrend.
2. Base Dawgz (DAWGZ)
Just over a week since its presale launch, Base Dawgz ($DAWGZ) has successfully raised nearly $1.3 million from enthusiastic investors. Positioned as the newest meme coin on the Base chain, it aims to challenge the dominance of Brett ($BRETT).
Consider this scenario: If you had invested $500 in BRETT when it first listed on decentralized exchanges at $0.0001308 on 27 February, today you would have amassed $634,938. Base Dawgz has the potential to achieve similar, if not superior, results.
Beyond its meme status, Base Dawgz utilizes advanced blockchain technology to ensure its token can operate seamlessly across Ethereum, Solana, Binance Smart Chain, and Avalanche networks. Additionally, it introduces a share-to-earn feature, allowing users to earn points by sharing Base Dawgz content on social media. These points will convert into $DAWGZ tokens once the presale period concludes.
Base Dawgz introduces Wormhole and Portal Bridge technology to enable cross-chain trading for $DAWGZ. This enhances its utility significantly. However, the success of meme coins largely depends on community support. Base Dawgz has garnered overwhelming community support, evident from the capital raised during its presale.
We're getting a bunch of questions about the presale or when TGE is. Please refer to the website and the whitepaper for all the relevant information and if that's not sufficient please feel free to ask any questions in our TG community🪂🫶 https://t.co/0lYvPZcWuf
— Base Dawgz (@BaseDawgz) June 12, 2024
Currently, one $DAWGZ token is priced at $0.00502. Early investors can secure this rate before it increases by 5% to $0.00528 in the next stage, scheduled in three days. While Solana hosts leading meme coins such as Dogwifhat (WIF), Bonk (BONK), Book of Meme (BOME), and Cat in a Dogs World (MEW), the rise of Base Dawgz, fueled notably by Brett and the recent presale surge, suggests a potential shift in dominance.
Join the Base Dawgz Presale Now
3. Uniswap (UNI)
Uniswap’s price has shown a bullish reversal, suggesting a shift in investor interest towards these altcoins. The Uniswap token has also been highly volatile, with notable price swings in recent days. In the last 24 hours, the altcoin’s price increased by 9.26%, even though its trading volume dropped by 30.68%. This indicates a growing bullish sentiment.
The Relative Strength Index (RSI) for Uniswap is currently at 52.68. This level suggests that the cryptocurrency is neither overbought nor oversold, allowing for potential price movement in either direction without immediate pressure from traders.
Currently, 51% of Uniswap holders profit at the current price level. This might encourage them to hold onto their investments, hoping for further price increases. Additionally, high transaction values indicate significant interest from larger investors and institutions, which could push UNI’s price even higher.
All-time L2 volume on the Uniswap Protocol:
22 months to reach $100B
10 months to reach $200BAnd just 3 months to reach $300B 🤯 pic.twitter.com/CQahuxJHQN
— Uniswap Labs 🦄 (@Uniswap) June 13, 2024
If the market keeps gaining momentum, UNI might test the resistance trend line of its channel pattern. A breakout could lead Uniswap’s price to reach the upper resistance level of $13.510 in the coming week.
Looking ahead to 2025, Uniswap is expected to keep growing, with an average price forecasted at $150 and a peak at $185. A favorable regulatory environment for cryptocurrencies and ongoing growth in the technology sector will likely enhance Uniswap’s utility as a decentralized exchange token. Moreover, lower inflation rates could drive more investment in risk-related assets like cryptocurrencies, further boosting Uniswap’s value.
4. Lido DAO (LDO)
Lido DAO is a decentralized autonomous organization that offers a staking infrastructure for various blockchain networks. Its most notable feature is a liquid staking solution for Ethereum. This allows users to stake their ETH and receive stETH tokens in return. The stETH tokens represent the user’s staked ETH and earn staking rewards.
LDO holders can participate in governance proposals and vote on important decisions, such as board changes, new integrations, and platform updates. Lido’s liquid staking model removes users’ need for technical skills or a minimum of 32 ETH to operate their validator, making staking accessible to more people.
Lido’s platform uses smart contracts on Ethereum to handle deposits and distribute rewards. It supports staking for both Ethereum and Polygon, improving network security and offering users flexible, liquid staking options.
Last week, the price of Lido DAO fell by 18.5%. The altcoin is trading at $1.99 after a 2.10% rise in the last 24 hours. This brings its market cap to $1.78 billion. Both bulls and bears are active in the market, resulting in gains and losses for investors. Despite the month just starting, the market conditions have been favorable for gains. It remains to be seen how the rest of the month will unfold as altcoin season approaches.
Over the past year, LDO increased by only 12.99%, outperforming just 16% of the top 100 crypto assets. It is trading slightly above its 200-day SMA at 0.54%, with a 14-day RSI of 51.64, indicating neutral momentum. In the last 30 days, LDO had 12 green days and showed a stable 14% volatility. Its high liquidity ratio of 0.1573 indicates intense market activity.
5. Ultima (ULTIMA)
The Ultima ecosystem is a broad platform that aims to reshape the global economy, making it more accessible and fair for everyone. It comprises various connected components and uses advanced technology to offer innovative solutions that meet its users’ diverse needs.
The Smart Blockchain is at the heart of the Ultima ecosystem. This high-performance platform is designed for exceptional scalability and efficiency. It uses the Delegated Proof-of-Stake consensus mechanism, which allows for breakneck transaction speeds and easy integration of decentralized applications (DApps), ensuring the entire ecosystem operates smoothly and reliably.
ULTIMA tokens serve more than just a store of value; they open up many opportunities within the Ultima ecosystem. Users can obtain ULTIMA tokens by participating in DeFi-U liquidity pools and buying them on established cryptocurrency exchanges.
Today’s price of ULTIMA is $3,284.11, reflecting a 14.37% increase in the past 24 hours. The market cap has also risen by 14.37%, now at $50,375,034. The 24-hour trading volume has also grown by 10.23%, reaching $3,294,547. Despite this, the price prediction sentiment for ULTIMA remains bearish. However, the Fear & Greed Index is 74 (Greed), indicating a rise in token transactions and suggesting growing optimism about a potential uptrend.
➡️Splitting — Ultima's Flagship #Blockchain Technology of the Future
🔹 Splitting allows users to interact directly with the blockchain and get daily rewards in the $ULTIMA token for providing liquidity to pools.
🔹 The technology is successfully used by nearly three million…
— Ultima_Ecosystem (@UltimaEcosystem) June 5, 2024
ULTIMA has solid fundamentals and support from a dedicated crypto community, indicating potential for future growth. If ULTIMA announces collaborations with other networks, the coin’s maximum price could exceed $3,500 by 2024. Assuming the current bullish trend in the crypto market continues, we expect the average cost of ULTIMA to remain around $3,400 by 2024. Conversely, if the crypto market declines, the minimum value of ULTIMA could drop to $3,300 in 2024.
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