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The altcoin market looks bullish as some coins try 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. Ethereum Name Service (ENS)
Ethereum Name Service’s (ENS) price has increased by 40% in the past two days, now trading at $31.70. This rise began on June 12, with ENS climbing 80% to reach $35.1, a level not seen since January 2022.
Analysis shows that the ENS price is now touching the upper Bollinger Band, suggesting overbought conditions and a possible reversal or consolidation. Additionally, the Woodies CCI is around 161.66, also indicating overbought conditions. Today, the ENS price is $31.34, with a 24-hour trading volume of $1.02 billion and a market cap of $997.94 million, holding a market dominance of 0.04%. Over the past 24 hours, ENS has increased by 22.07%.
ENS is a decentralized naming system on the Ethereum blockchain. It allows users to acquire human-readable names like “jenny.eth” and link them with various identifiers, such as addresses, content hashes, and metadata. Unlike traditional Domain Name Systems (DNS), ENS domains are managed by smart contracts and a Decentralized Autonomous Organization (DAO), ensuring they are free from centralized control.
It’s that time of the year again! 🎉
ETHCC is around the corner and ENS is hosting another event. This year we’ll be giving attendees a special look at our NEW brand. 👀
Sign up for the ENS event below!👇https://t.co/tI89kfiViD
— ens.eth (@ensdomains) June 26, 2024
The recent surge in ENS comes as investors anticipate the upcoming ENSv2 upgrade, which aims to improve scalability, affordability, and flexibility. According to the updated roadmap, developers are currently focused on upgrading name resolution and managing reserve resolution. Although the exact timing of the V2 upgrade is not specified, indications suggest it may take a few months to complete.
Furthermore, there are signs that the SEC may approve a spot Ethereum ETF this quarter. Although the agency has sent back the S1 filings to the issuers, there are indications of a potential approval later this quarter. If this approval happens, the ENS token is expected to perform well.
2. Mother Iggy (MOTHER)
This Solana-based memecoin has recently made waves in the cryptocurrency market, seeing a significant price increase quickly. Over the past month, the MOTHER price has risen by 277.46%. With a market cap of $68.03 million, this memecoin ranks 2,548th and has a circulating supply of 990 million MOTHER tokens.
Mother Iggy (MOTHER), a memecoin project launched by Iggy Azalea, has surpassed other popular memecoins like Andrew Tate’s Daddy Tate (DADDY) in market value. Despite facing tough competition, MOTHER has shown remarkable resilience and growth, unlike DADDY, which has been trending downward.
As of today, MOTHER is priced at $0.06872, showing a 5.16% increase in the past 24 hours. Additionally, the token’s 24-hour trading volume has jumped by 29.28%, totaling $21.99 million. The market sentiment for MOTHER is currently bullish, as reflected by the Fear & Greed Index at 53, which is neutral but suggests a growing optimism for an uptrend.
Did you know @UNREALMobile
accepts payment in SOL & $MOTHER ?🦄X👩🍼 pic.twitter.com/AVGWqFFn5Z
— IGGY AZALEA (@IGGYAZALEA) July 1, 2024
In other news, Iggy Azalea has announced a partnership with Unreal Mobile. They will accept MOTHER and Solana (SOL) for mobile services. Sphere Labs supports this initiative to make cryptocurrency transactions more common in everyday purchases.
Mother Iggy, backed by a strong crypto community, shows great potential for future growth. If the MOTHER project secures any new partnerships with other networks, its price Coin could surpass $1 by the end of the year.
3. PlayDoge (PLAY)
The Play-to-Earn meme coin, PlayDoge, is making an impressive debut in its presale, already surpassing $5 million and nearing the $5.8 million milestone. This project taps into two popular crypto niches: meme coins and gaming. PlayDoge merges the well-known Doge meme with the nostalgic Tamagotchi game from the 90s, offering a fun virtual gaming experience where players can earn the native token, $PLAY.
Through its P2E mechanics, players earn rewards by caring for their pets and taking them on adventures. Besides these rewards, token holders can also earn passively by staking $PLAY for an annual return of 126%.
$PLAY tokens are available for $0.00514 each. With a price increase expected in less than 24 hours, it’s best to act quickly to secure the best deal. You can purchase $PLAY from the official website using BNB, USDT, or a bank card to join the presale.
4. OriginTrail (TRAC)
OriginTrail is building a reliable knowledge infrastructure for AI to combat misinformation by verifying the sources of information. It improves the accessibility of important knowledge and real-world assets (RWAs). This is achieved through a Decentralized Knowledge Graph and OriginTrail Parachain, which offer global AI-powered search solutions. The Metcalfe phase, a significant part of OriginTrail’s plan, aims to create the largest verifiable web for AI, targeting 100 billion Knowledge Assets and 100,000 times scalability.
OriginTrail collaborates with major organizations like Walmart, Oracle, and the EU Commission to strengthen its trusted knowledge foundation. The TRAC token, secured by Ethereum’s blockchain, supports the operations of the Decentralized Knowledge Graph. It is crucial for publishing and updating assets and serves as collateral on nodes to ensure the network’s integrity. OriginTrail’s technology, such as ChatDKG, demonstrates its reliable AI capabilities, positioning it as a key player in AI and blockchain fields.
#OriginTrail Weekly Roundup
🐙$TRAC listing on @krakenfx:$TRAC, the utility token that drives the entire #OriginTrail Decentralized Knowledge Graph (DKG) is now listed on Kraken Exchange. This is an immense boost for decentralized #AI powered by OriginTrail by one of the… pic.twitter.com/OUgdXmWX2f
— OriginTrail (@origin_trail) June 28, 2024
The TRAC token is essential for various operations within the OriginTrail network. It publishes, updates, and maintains Knowledge Assets on the Decentralized Knowledge Graph, ensuring secure and transparent data sharing. Additionally, TRAC serves as collateral on OriginTrail nodes, encouraging node operators to act honestly and efficiently. This helps maintain the network’s reliability and trustworthiness.
In the past 24 hours, OriginTrail saw a 10.29% increase, indicating positive trading activity. The token is priced at $0.8118, which is 165.73% above the 200-day Simple Moving Average (SMA). The 14-day Relative Strength Index (RSI) stands at 46.82, showing neutral market sentiment. Despite moderate liquidity with a volume-to-market-cap ratio of 0.0099, OriginTrail remains a stable investment.
5. Bonk (BONK)
Bonk (BONK) has made a name in the meme coin sector. It is recognized for its lively community and engaging story. Bonk (BONK) uses meme culture to create an attractive investment opportunity. Early investors have seen significant returns, making it a favorite among crypto fans.
Holding Bonk (BONK) can help investors manage the risks of market volatility. This approach combines high-growth potential with a community-driven appeal. Investing early in Bonk (BONK) means buying tokens at a lower price, setting the stage for substantial gains as the token’s value rises. Early adopters often enjoy the highest returns as the tokens increase in value.
Bonk is known as the first dog-themed cryptocurrency on the Solana blockchain. Since its launch, it has experienced a notable rally, achieving significant gains in its first quarter. Currently, it is trading at around $0.00002363. Its unique concept has led analysts to speculate it could reach $0.1 by the end of 2024.
Introducing BONKrun❗️❗️❗️
In collaboration with @Octo8gaming and @parismusketeers, help BaoBao take it to the house for a touchdown🏈
Now available on both Google Play and the App Store#LetsBONK #allforone
Link to download 👇 pic.twitter.com/FLxBzGkf7N
— BONK!!! (@bonk_inu) June 30, 2024
The growing popularity of meme tokens continues to boost Bonk’s value. The token uses the Solana blockchain, which is appreciated for its speed and scalability. This appeals to investors looking for quicker and cheaper alternatives to Ethereum-based meme tokens. Bonk is trading at $0.00002363, showing a 7.43% increase over the past 24 hours. The token is experiencing a positive trend, reflected in a Fear & Greed Index of 53 (Neutral).
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