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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. AIOZ Network (AIOZ)
The AIOZ token has shown remarkable growth recently, becoming one of the top-performing altcoins in the last 24 hours. Its price has quickly risen, and with a potential bull run on the horizon, it may soon reclaim its all-time high. Currently, the AIOZ token is trading at $0.6331, reflecting an intraday gain of 26.31%, which indicates a bullish trend.
One of the standout features of the AIOZ Network is its use of a decentralized Content Delivery Network (CDN). This innovative technology allows for more efficient and cost-effective content distribution than traditional, centralized CDNs. Additionally, AIOZ Network’s integration of blockchain technology enhances security and transparency, which are often lacking in other platforms. Incorporating AI technology further automates content delivery, improving efficiency and user experience.
Moreover, the recent trend reversal and breakout rally have disrupted last month’s consolidation. As the token heads towards the $1 psychological mark, the chances of breaking the all-time high increase with the overall market recovery. According to trend-based Fibonacci levels, the AIOZ price has surpassed the 23.60% at $0.59. With the broader market improving, the bull run in the AIOZ token is likely to challenge the previous swing high peak at $1.0839.
We are excited to announce that we’ve launched a new initiative with @SeiNetwork to provide builders within the Sei ecosystem with easy access to our infrastructure-as-a-service solutions which include:
▪️ AIOZ W3S: An S3 Compatible Object Storage powered by AIOZ DePIN Nodes
▪️… pic.twitter.com/Z9zXnkgdzm
— AIOZ Network (@AIOZNetwork) July 25, 2024
Next year promises to be a high-growth period for AIOZ. With advancements in crypto market infrastructure and stricter regulations, prices could soar to as high as $60. Additionally, the widespread acceptance of Bitcoin ETFs could drive the average price of AIOZ to around $45.
2. Aragon (ANT)
Today, Aragon’s price has significantly increased, rising by 15.21% to $9.3. This impressive gain can be attributed to its comprehensive toolkit for creating and managing Decentralized Autonomous Organizations (DAOs). Aragon’s core components include the Aragon Association, Aragon Client, and Aragon Network.
Firstly, the Aragon Association, a non-profit organization, oversees the network’s funds, ensuring proper management. Secondly, the Aragon Client provides developers with essential tools needed for DAO creation. Lastly, the Aragon Network facilitates smooth communication within the ecosystem.
Aragon offers essential functionalities such as finance management, voting, and token issuance. Additionally, it features the Aragon Court for dispute resolution, which adds a layer of security and governance integrity. Furthermore, ANT token holders can vote on proposals and shape the network’s future. Seamless interactions are enabled by Aragon Agent and Ethereum smart contracts. This comprehensive approach makes Aragon a powerful tool for creating and managing decentralized organizations.
Welcome @RE7Capital MetaMorpho vaults to onchain governance!
RE7 vaults have accumulated over $51M across 17 vaults enabling a wide range of collateral and supply assets on @MorphoLabs Blue. pic.twitter.com/8lIwEJjsEN
— Aragon 🦅 (@AragonProject) July 25, 2024
Aragon’s ANT token shows high liquidity with a 0.0338 volume-to-market cap ratio. The 14-day Relative Strength Index (RSI) is neutral at 44.76, indicating potential sideways trading. The cryptocurrency also has low 30-day volatility at 7%, suggesting stable price movement.
Aragon is trading 51.70% above the 200-day Simple Moving Average (SMA), and its price has increased by 119% over the past year, outperforming 65% of the top 100 crypto assets. This impressive performance highlights the growing confidence in Aragon’s potential and its significant role in the decentralized ecosystem.
3. Mega Dice (DICE)
Mega Dice is a GameFi cryptocurrency initiative on the Solana network that has recently gained attention by raising over $1.6 million and is nearing the $2 million mark. This project aims to merge gaming and cryptocurrency, appealing to gamblers on its platform and holders of its DICE token. Currently priced at $0.100254, the DICE token is expected to increase in price in the next seven days.
Mega Dice has launched a refer-and-earn program and a strategic airdrop plan. The program attracts more users by rewarding them with a percentage of their referred users’ spending. Additionally, the project’s aggressive airdrop strategy, allocating $2.25 million across three seasons, offers a compelling incentive for potential investors.
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— Mega Dice Casino (@megadice) July 29, 2024
Season 1 targets active players who wager at least $5,000 within 21 days, offering a substantial $750,000 reward pool. Season 2 ended on June 28, and Season 3 continues these incentives, providing an additional $1.6 million for sustained activity until the DICE token is listed on exchanges.
Beyond airdrops, 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 to drive further engagement and participation on the platform.
4. Arweave (AR)
Arweave is known for its decentralized storage solution, indexing about 15% of the internet’s pages. Its current price is $32.72, showing a rise of more than 6.5%. Despite possible short-term fluctuations, the long-term outlook is positive, with analysts predicting it could reach $80. Over the past week, AR has experienced an uptick of over 0.60%, moving from $32.59 to its current price. Currently, the coin’s all-time high is $89.24.
Arweave established a strong base around $25, which helped it rebound during a bearish period. Events like the Mt. Gox incident and the German terror attack caused the price to drop below $20. However, recent price movements have brought the altcoin back into a bullish range, raising expectations for a continued upward trend in the coming days.
The coin’s trading volume has tumbled 4.55% over the past day, while its market cap has risen by 6.65% to $2.15 billion, ranking at #56. Meanwhile, the AR price has hit a major resistance level between $30 and $31.5, which could become a strong base once surpassed. The buying volume is gradually increasing, supporting the bullish outlook. The super trend indicator recently signaled a buy, suggesting a clear trend reversal.
Arweave (AR) has been trading in a wide range between $22 and $49.55 for months. In this range, traders typically buy near the support level and sell near the resistance. Therefore, the AR price is expected to maintain a healthy upward trend and rise above $40. If the bullish trend continues, reaching new highs above $50 might be achievable.
5. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) has recently recorded its best price surge in months, bringing it into the spotlight. Currently, Bitcoin Cash is trading at $455.68, marking an increase of more than 15% in the past 24 hours. This significant uptick has positioned it above Bitcoin (BTC), XRP, Shiba Inu (SHIB), and even the top 100 cryptocurrencies by market cap.
Earlier this month, there were high speculations about Bitcoin Cash facing massive liquidation risks due to Mt.Gox repayments to customers. With thousands of BCH listed for refunds, experts predicted that many might sell off their Bitcoin Cash for the more valuable Bitcoin. This sentiment previously caused a drawdown in the price of Bitcoin Cash as many non-related Mt.Gox addresses sold off to avoid getting caught in a potential crash.
Throughout the month, the negative sentiment led to a significant discount on the coin’s price. However, BCH has recovered its losses from the past month with the latest price surge. Its trading volume has increased by over 4% in the past 24 hours, reaching $512,277,438.
According to Coinglass data, $3.39 million worth of long and short bets on BCH were liquidated in the past 24 hours. Interestingly, $3.32 million, or 100% of the liquidated positions, were short bets. This indicates that traders expected a decline in BCH’s price, but the surge proved most market punters wrong.
Moreover, the Bitcoin 2024 conference brought further optimism to the crypto community. Former US President Donald Trump made significant comments about Bitcoin and other cryptocurrencies. He mentioned that he would make the US a hub for crypto and establish a Bitcoin fund for the country. This news has contributed to the overall positive sentiment in the market.
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