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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. Conflux (CFX)
Conflux Network (CFX) is a high-speed layer-one blockchain that uniquely combines proof-of-work consensus with proof-of-stake finality. Originating from China and adhering to local regulations, it has earned the nickname “Chinese Ethereum.” The network’s native CFX token has multiple uses, including serving as a store of value, governance token, and staking asset for passive income.
On the daily price chart, CFX is experiencing a tight battle between bulls and bears, leading to price consolidation around $0.13. However, selling pressure may increase as sellers resist any upward movement. The 24-hour trading volume has risen to $27.14 million, indicating a growing interest in CFX trading. Currently, CFX is trading at $0.1368, reflecting a modest rise of over 0.7% in the past 24 hours.
In addition, Conflux recently announced a partnership with Presto, aiming to enhance the network’s staking capabilities and expand its market presence beyond Asia. This collaboration aligns with Conflux’s global goal of connecting decentralized economies and accelerating blockchain ecosystem growth. Conflux is optimistic about this partnership, as it opens doors to new markets and supports innovative blockchain projects.
We’re excited to announce that we have teamed up with @presto_labs to expand our network’s staking capabilities and our market reach across Asia.
This partnership is a perfect fit for our mission to link decentralized economies globally and boost the growth of the blockchain… https://t.co/QH1QMW2An7
— Conflux Network Official (@Conflux_Network) August 15, 2024
Several analysts have a positive outlook on Conflux’s future price due to its strong historical market performance. By the end of 2024, the CFX price could reach a minimum of $0.2780, peaking at $0.3427 and an average trading price of around $0.2893. However, Conflux’s future potential depends on buying demand, Chinese regulations, and long-term investor sentiment.
2. Flux (FLUX)
Flux is a proof-of-work cryptocurrency that powers the Flux ecosystem. This ecosystem is focused on supporting the development and use of Web3, the future decentralized internet. This ecosystem uses FLUX for transactions, staking, and rewarding Masternode operators.
Recently, Flux saw a surge of 22% in just 24 hours, making it one of the top trending cryptocurrencies in the U.S. At the time of writing, FLUX remained up by 20%, trading at $0.57 according to data from crypto.news. Its daily trading volume was around $126.63 million, and its market cap was $214 million. However, despite this price jump, FLUX is still 82% below its all-time high of $3.33, recorded in January 2022.
Currently, the price of FLUX is $0.5748, situated between the middle and upper Bollinger Bands at $0.5070 and $0.5933, respectively. This position indicates that FLUX is trading near the upper range of its recent price movements, suggesting a bullish sentiment in the short term. However, it has yet to reach the resistance level marked by the upper Bollinger Band.
Unlock the power of AI without compromising your data. #FluxAI delivers intelligent conversations while ensuring your information stays private. #AI #opensource https://t.co/c9SSyn3nFN
— Flux-Web3 Cloud (@RunOnFlux) August 19, 2024
The Relative Strength Index (RSI) for Flux, which measures price momentum, is 54.92. This indicates a neutral market condition, suggesting that while there is upward momentum from the recent price increase, FLUX is not yet in the overbought territory. This leaves room for potential movement in either direction without immediate pressure from market extremes.
3. Mega Dice (DICE)
Mega Dice is a GameFi cryptocurrency project built on the Solana network that is quickly gaining attention. The project has already raised over $1,724,583.31 and is approaching the $2 million mark. Mega Dice aims to combine gaming with cryptocurrency, focusing on gamblers and DICE token holders. Currently, the DICE token is priced at $0.105266. However, the price is expected to rise within 24 hours, making it an appealing opportunity for potential investors to get involved before the increase.
Additionally, Mega Dice has introduced a Refer & Earn program, which encourages users to bring in 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 set aside for distribution across three seasons.
During Season 1, active players who wager at least $5,000 within 21 days can earn a share of a $750,000 reward pool. Although Season 2 ended on June 28, Season 3 offers incentives, with an additional $1.6 million available for ongoing activity until the DICE token is listed on exchanges.
The $DICE Season 3 Airdrop is LIVE – Claim Your Share of a $750,000 Prize Pool! 💰
Ready to get in on the action?
Wager $15,000 or more between August 14 and October 2, 2024, and you’ll be eligible for a share of the massive $750,000 airdrop! 😍 With a maximum payout of $37,500… pic.twitter.com/ZiOeKxlCln
— Mega Dice Casino (@megadice) August 14, 2024
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 greater engagement and participation on the platform.
4. Toncoin (TON)
Toncoin stood out in the cryptocurrency market on August 19, with an impressive 9% gain, even as the broader crypto market experienced a 3% downturn. This sharp rise in Toncoin (TON) suggests a potential technical breakout from a classic bump-and-run reversal (BARR) pattern.
Among the top ten cryptocurrencies, Toncoin (TON) leads the gainers with a 5.02% increase. Earlier this month, Binance listed Toncoin, introducing trading pairs like TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. The altcoin’s price spiked by over 10% following the announcement. As of press time, Toncoin is trading at $6.80, marking a 3.16% rise in the past 24 hours. The daily trading volume surged by 118.86%, reaching $468,363,589.
🔈 @Tether_to’s USDt now available on #TON!
Making cross-border payments INSTANT, FREE, and as EASY as sending a text message for @telegram's 900M users.
TON Foundation offers 11M $TON in incentives 💸💎
Check out this thread to learn more! 🧵⬇️ pic.twitter.com/yvqihsuBR9
— TON 💎 (@ton_blockchain) April 19, 2024
Beyond technical factors, key fundamental developments have also contributed to Toncoin’s recent rise. Notably, on August 14, the TON Foundation launched TON Ventures, a $40 million fund to support early-stage projects on the TON blockchain network. This initiative is expected to attract new developers and projects to The Open Network.
5. WEMIX (WEMIX)
WEMIX has experienced a notable 3.59% increase in the last 24 hours, suggesting a positive short-term outlook. However, the token is still trading 45.39% below its 200-day SMA. The 14-day RSI of 68.17 indicates a neutral position, which could lead to sideways trading. Over the past year, WEMIX has performed well, showing a 36% increase, outperforming 42% of the top 100 crypto assets.
WEMIX is a decentralized blockchain protocol supporting a wide Web 3.0 ecosystem. Its WEMIX3.0 mainnet, compatible with Ethereum Virtual Machine (EVM), uses Stake-based Proof of Authority (SPoA) consensus to ensure high transaction speeds and security. The network is governed by 40 Node Council Partners (NCP), making the WEMIX token essential for transactions and gas fees.
The WEMIX ecosystem includes several key platforms. WEMIX Play is a leading play-and-earn gaming platform that integrates payments into gaming. Similarly, NILE manages projects with DAO-powered smart contracts, while WEMIX.Fi offers DeFi services with quick transactions and low fees.
Additionally, WEMIX$ is a stablecoin fully backed by collateral, which supports the ecosystem’s growth. The WEMIX Wallet allows users full control over their assets, and WEMIX Explorer tracks blockchain data. However, recent news indicates that WEMIX.fi has suspended lending and borrowing services due to issues with the WEMIX$ stablecoin’s liquidation. Updates on this situation are expected as it develops.
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