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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. OriginTrail (TRAC)
OriginTrail is developing a robust knowledge infrastructure for AI to counter misinformation by verifying information sources. This enhances the accessibility of crucial knowledge and real-world assets (RWAs). The system uses a Decentralized Knowledge Graph and OriginTrail Parachain, providing global AI-powered search solutions. The Metcalfe phase, a key 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 partners with major organizations such as Walmart, Oracle, and the EU Commission to build a trusted knowledge foundation. The TRAC token, secured by Ethereum’s blockchain, supports the Decentralized Knowledge Graph’s operations. It is essential for publishing and updating assets and serves as collateral on nodes to maintain network integrity. OriginTrail’s technology, like ChatDKG, showcases its reliable AI capabilities, positioning it as a leader in AI and blockchain.
According to a post by OriginTrail, the Decentralized Retrieval-Augmented Generation (dRAG) framework addresses key limitations of current AI technologies, including hallucinations, bias, and data ownership disputes, by establishing a verifiable internet for AI. This ensures data accuracy in AI models and secures intellectual property rights, promoting an environment where innovation is recognized and rewarded.
“If we can establish a foundation for #AI (Verifiable Internet), we will be better equipped to address issues like hallucinations, bias, & model collapse that will arise in the near future. @origin_trail, as a multichain #DKG, stands at the forefront of the next wave of AI,… https://t.co/PVFhBd7kAb
— OriginTrail (@origin_trail) July 22, 2024
In the past 24 hours, OriginTrail experienced a 20.58% increase, indicating positive trading activity. The token costs $0.7869, 155.87% above the 200-day SMA. The 14-day Relative Strength Index (RSI) is 46.82, indicating neutral market sentiment. Despite moderate liquidity with a volume-to-market-cap ratio of 0.0099, OriginTrail remains a stable investment.
In 2025, the lowest price for TRAC could be around $1.85, with an average price of $2.40 and a potential high of $2.80. This possible increase might be driven by a positive regulatory environment, advancements in blockchain technologies, and the rising adoption of cryptocurrencies.
2. Cats in a Dogs World (MEW)
The “cat in a dogs world” (MEW) token, a meme coin on the Solana blockchain, has a strong potential to be one of the top-performing meme coins this year. This growth could be driven by the potential approval of Solana ETFs, which would increase activity on the Solana network and boost all Solana-based meme coins, including “cat in a dogs world.”
Since its launch this year, “cat in a dogs world” has maintained positive momentum. The token recently showed significant growth despite a bearish period last month, causing a considerable drop. It has gained over 125% in the past seven days and 42.56% over the past 24 hours. As the year progresses, “cat in a dogs world” is expected to surpass its all-time high of $0.01034 and possibly reach $1.
“Cat in a Dogs World” offers a unique twist on meme coins by focusing on cat-themed humor instead of the usual dog themes. This approach aims to build a dedicated community of cat lovers, adding variety to the meme coin market.
The tokenomics of “cat in a dogs world” are intriguing. Out of a total supply of 88 billion tokens, 90% have been burned. Only 10% will be distributed to the Solana community. This limited supply and increasing demand could drive the token’s price higher.
3. PlayDoge (PLAY)
Play-to-earn (P2E) meme coin PlayDoge ($PLAY) has defied the market downturn, raising over $5.6 million in its presale. This coin, featuring an 8-bit Dogecoin Shiba Inu pup as its mascot, aims to lead the sector that started this year’s bull run. However, PlayDoge is not just another meme coin. It introduces a new game economy inspired by the popular 1990s Tamagotchi digital toy.
The ecosystem’s core is its native token, $PLAY, which offers various in-game and market utilities. Currently priced at $0.00517, the value of one $PLAY will increase to $0.00518 in less than a day as it enters the next presale stage.
PlayDoge stands out by incorporating P2E elements. Inspired by the classic Tamagotchi game, players can care for virtual Shiba Inu dogs in an 8-bit world, earning $PLAY tokens as rewards. Instead of just holding meme coins, crypto enthusiasts can now interact with their favorite dog breeds in a personal way.
Players earn $PLAY tokens through diligent care and winning mini-games. Those who actively care for their virtual pets can also climb the game’s leaderboard for additional rewards. Moreover, PlayDoge is multichain, allowing transfers between BNB and Ethereum.
Beyond gaming, PlayDoge has the potential to attract a diverse group of investors, including women drawn to its nostalgic appeal reminiscent of Tamagotchi’s popularity among girls. Thanks to gaming fun and meme appeal, $PLAY is set to lead the next market surge. Act quickly to buy your tokens and join the smart money flowing into this project, potentially pushing the market to new heights.
4. Avalanche (AVAX)
Avalanche significantly impacted the market by peaking at $65 before dropping to $8.6. Despite this fall, a bullish rally helped its price recover to $32.27 per coin, giving it a market cap of $12.72 billion. This rally has increased Avalanche’s trading volume, indicating strong growth potential for AVAX. Optimistic analyses suggest the price could reach $90.06 by the end of August. However, the overall bearish trend still threatens Avalanche’s recovery.
The recent rally has challenged the death cross, and the wedge breakout suggests a potential uptrend. According to Fibonacci levels, AVAX could reach $42 or the 50% Fib level, a 30% increase. AVAX, one of the top-performing altcoins, could rise to $60 if a significant trend reversal occurs.
Avalanche (AVAX) recently surpassed Tron (TRX) in ranking following a sudden recovery on Sunday evening. Avalanche is trading at $32.27, marking a 10.26% increase in the past 24 hours. It has also achieved a 20.47% gain over the past week, highlighting its sustained positive momentum.
We are gearing up for Avalanche L1 season with the release of the Ash Wallet! 🚀
Ash Wallet is a shared infrastructure aimed at bringing all the features of @safe to the @avax L1 🔺 ecosystem.
Read the full announcement here 📰 : https://t.co/zBu98HKPAy pic.twitter.com/ILUmKFL26S
— Ash 🔺 (@ash_avax) July 19, 2024
Avalanche’s market capitalization has now exceeded Tron’s $11,835,009,812. This flip is not unusual, as token flipping is common in the market, especially with uneven surges in key metrics between tokens. While Avalanche is currently in the spotlight, it is frequently among the most flipped digital currencies within the top 20 assets by market capitalization.
5. AIOZ Network (AIOZ)
AIOZ Network is a decentralized platform for content delivery and cloud storage. It aims to revolutionize how digital content is stored, distributed, and accessed. The platform uses a peer-to-peer (P2P) layer-1 blockchain to offer scalable, efficient, and cost-effective solutions for media streaming, AI computation, and Web3 storage. A global network of edge nodes maintains the platform, providing low-latency and high-reliability content delivery that surpasses the limitations of traditional centralized systems.
Today, AIOZ is priced at $0.5443, showing a 17.42% increase in 24 hours. Its market capitalization is $603 million, making it the 113th largest cryptocurrency. AIOZ is trading 1,210.07% above its 200-day Simple Moving Average (SMA) of $0.041955. The price prediction sentiment is bullish, with a Fear & Greed Index 70 indicating high greed.
— AIOZ Network (@AIOZNetwork) July 19, 2024
About a month ago, AIOZ Network reached $0.60, its highest point since June 15th. This is a rise of over 41% from its lowest point this year. AI tokens like Akash Network, SingularityNET, and Fetch have also rebounded. However, the sustainability of AIOZ’s gains depends on Bitcoin’s performance. Bitcoin has struggled to grow to $67,000 and has stayed around this level for some days. Altcoins generally follow Bitcoin’s trends, so we expect AIOZ to grow in the near future.
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