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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. Avalanche (AVAX)
Avalanche (AVAX) has shown strength in the cryptocurrency market, achieving an 8% gain. This upward trend started three days ago when the selling pressure began to decrease, indicating the beginning of a price recovery.
Over the past three days, AVAX has consistently closed in positive territory. Notably, it broke through a critical resistance level of $28.6 yesterday. This breakthrough has likely boosted investor confidence, encouraging more buying at this new support level.
Currently, Avalanche (AVAX) trades between $22.69 and $28.89. Signs suggest that the bulls might gain the upper hand over the bears. The price is nearing the 10-day moving average of $27.99, intending to surpass the $32.71 resistance level. If AVAX succeeds, it could rise to $38.91, representing gains of over thirty-five percent from current levels.
Chainlink Data Streams launched on Avalanche through @GMX_IO V2, powering its perpetual futures protocol and bringing an all-in-one low-latency data solution to the ecosystem.
More on @chainlink Data Streams ⬇️https://t.co/uWUehHWK2z
— Avalanche 🔺 (@avax) June 27, 2024
With an RSI of 66.38, the momentum is favorable, indicating potential for further growth. The price has shown resilience recently, increasing by almost two percent in the past week, even after a difficult month. AVAX might be on the verge of a strong upward trend as bullish investors take control.
However, AVAX still faces significant challenges. Since mid-March, the price has mainly been bearish, consistently hitting resistance at a descending trendline. To enter a proper bullish phase, AVAX needs to break through this trendline resistance, which is currently the main obstacle. If this resistance continues, the recent price increase may be a temporary rebound within a broader bearish trend.
2. AIOZ Network (AIOZ)
AIOZ Network recently launched AIOZ Node Version 4.0, introducing a fresh user interface and significant enhancements to boost productivity and efficiency. One key feature of this update is the beta version of the transcoding functionality.
This new feature allows users to transcribe videos from one format to another, which is suitable for various devices and media platforms. By supporting transcoding, the nodes become more valuable to the AIOZ Network. Consequently, users can contribute more to the network and earn additional $AIOZ token incentives.
Today, AIOZ is priced at $0.5378. It has a market capitalization of $594 million, making it the 111th largest cryptocurrency. AIOZ is trading 1,185.25% above its 200-day Simple Moving Average (SMA) of $0.041955. The price prediction sentiment for AIOZ is bullish, but the Fear & Greed Index is at 47, indicating a neutral market.
We are excited to unveil the latest version of the AIOZ Node: The Version 4.0 update!
This update includes a new user interface and brings substantial functional improvements, enhancing your overall experience for increased productivity and efficiency.
More information below:… pic.twitter.com/9S9Cyrgbsh
— AIOZ Network (@AIOZNetwork) June 28, 2024
Recently, AIOZ Network climbed to $0.60, the highest since June 15th. This marks an increase of over 41% from its lowest point this year. Other AI tokens, such as Akash Network, SingularityNET, and Fetch, have also seen rebounds. However, the sustainability of AIOZ’s gains depends on Bitcoin’s performance. Bitcoin has struggled to break past $61,000 and has remained around this level for several days. Generally, altcoins tend to follow Bitcoin’s trends.
3. Mega Dice (DICE)
Mega Dice is a GameFi cryptocurrency project on the Solana network. Recently, it raised over $1.5 million and is close to reaching $2 million. The project combines gaming and cryptocurrency, focusing on gamblers on its platform and holders of the DICE token. The DICE token is currently priced at $0.075, but this price will rise in the next four days. Potential investors should consider joining before these price changes.
Mega Dice has 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 launched an aggressive airdrop strategy, distributing $2.25 million over three seasons.
Season 1 focuses on active players who bet at least $5,000 within 21 days, with a large reward pool of $750,000. Season 2 ends on June 28, and Season 3 continues to offer these incentives, adding another $1.5 million for consistent activity until the DICE token is listed on exchanges.
Haven’t bought $DICE yet? Follow the link below to buy in a few easy steps – not convinced, view our reasons below ⤵️
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Current Price: 1 $DICE = $0.0825 🚀
Here’s why $DICE is set to become the leading GameFi token, outpacing all… pic.twitter.com/wI2jy30ntr
— Mega Dice Casino (@megadice) June 28, 2024
In addition to airdrops, token holders can earn rewards through staking, receiving daily payouts based on the casino’s profits. Mega Dice also provides NFTs for VIP players and offers a 25% referral commission to boost engagement and participation on the platform. Overall, Mega Dice provides an interesting opportunity at the crossroads of gaming and cryptocurrency, with various incentives and reward mechanisms designed to keep users engaged.
4. Akash Network (AKT)
The price of Akash Network’s native token, AKT, has risen by 18.47% in the last 24 hours. The token’s value increased from $3.10 to $3.68. This surge followed a significant announcement from a major crypto exchange.
One main reason for AKT’s price increase is the announcement by Crypto.com. The exchange stated that AKT is now available to stake on their platform. Users can earn up to 19% in rewards. Additionally, analyst Journeyto24 noted that AKT was included in the Grayscale Research Top 20 for Q3 2024. This mention from Grayscale, a leading digital asset management firm, is quite impactful.
AKT is on a strong upward trend, establishing solid support at $2.80. This support level and high trading activity are helping AKT move steadily towards the analyst’s target of $5.40. Analysts also point out AKT’s impressive performance in previous rallies, where the token gained up to 17 times its value. Although past performance doesn’t predict future results, this historical context offers an exciting perspective.
$AKT is now available for staking on the @cryptocom app. https://t.co/Y6lxYwsLNq
— Akash Network (@akashnet_) June 27, 2024
Meanwhile, Crypto.com has announced that users can now stake the Akash Network’s native token, AKT, directly through the Crypto.com App. This integration provides versatility and security, allowing users to stake their AKT tokens and earn up to 19% rewards.
In addition to this positive development, Akash Network has partnered with Coinbase Prime to offer institutional-grade custody services for AKT tokens. This collaboration aims to provide institutional investors with a reliable and secure custody solution, which is crucial for the broader adoption of AKT.
5. Raydium (RAY)
Raydium is a cutting-edge automated market maker (AMM) and liquidity provider built on the Solana blockchain. It works seamlessly with the Serum decentralized exchange (DEX). Unlike conventional AMMs, Raydium transforms liquidity into limit orders on Serum’s order books. This allows liquidity providers (LPs) to access Serum’s large order flow and liquidity.
The RAY token can be staked to earn protocol fees, secure allocations for initial DEX offerings (IDOs), and participate in governance decisions. Raydium’s innovative approach and strong ecosystem position it as a significant player in the DeFi space.
RAY tokens benefit from the security of the Solana blockchain and thorough third-party security audits. They are listed on multiple exchanges, enabling users to engage in liquidity provision, staking, and governance.
Raydium is excited to welcome @ZetaMarkets token's launch tomorrow (27th) at 09.45 am UTC.
A $ZEX pool is already open for deposits on Raydium. More details on incentives are coming soon!https://t.co/RQc9RR1DcM pic.twitter.com/29izW9z16i
— Raydium (@RaydiumProtocol) June 26, 2024
The RAY price action recently shows a triangle breakout rally, starting from a support trendline during a new bull cycle. This momentum suggests an uptrend for the Solana-based altcoin, with buyers expecting the price to surpass $2. The RAY token traded at $1.64 at press time, and a bullish crossover in the MACD indicator is present. Although there was a 2% intraday drop, the post-retest reversal could exceed the 50% Fibonacci level at $1.79. If the rally continues, the price could peak at $2.70 in the upcoming weeks.
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