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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. Curve DAO Token (CRV)
Curve is a decentralized exchange specializing in stablecoin trading. It uses an automated market maker (AMM) for liquidity management. It has introduced a decentralized autonomous organization (DAO) with CRV as its native token. This DAO, built on Ethereum’s Aragon, uses various smart contracts to manage user-deposited liquidity efficiently.
Curve is notable in the DeFi space due to its focus on stablecoin trading. The DAO and CRV tokens enhance profitability by rewarding users based on the amount of liquidity they provide and the duration they maintain it. The growing popularity of DeFi trading has underscored Curve’s significance, with AMMs delivering substantial liquidity and profits for users.
Curve attracts DeFi enthusiasts who are involved in yield farming and liquidity mining. It offers consistent returns through stablecoins and generates income via small fees paid to liquidity providers.
50M CRV locked in 1 week, wtf! pic.twitter.com/nxIJyMUqIL
— Curve Finance (@CurveFinance) July 8, 2024
Recently, CRV has risen to $0.2839, marking a 6.87% increase in the past 24 hours. It boasts high liquidity with a volume-to-market cap ratio of 1.0273, a market cap of $341,591,641, and a 24-hour trading volume of $117,196,808. The 14-day RSI is 56.19, indicating neutral trading. Over the last 30 days, CRV has had 13 positive days (43%) and a 30-day volatility of 17%.
In other news, Binance has announced the launch of a new CRV perpetual contract with up to 25x leverage. This major cryptocurrency exchange announcement has sparked optimism in the Curve DAO Token (CRV) market. This decision comes amid the ongoing CRV liquidation crisis, boosting the token’s price and market sentiment. The CRV-USDC perpetual contract went live on Binance Futures on July 4, 2024.
2. Livepeer (LPT)
Livepeer is the first completely decentralized live video streaming protocol. It aims to offer a blockchain-based, cost-effective alternative to centralized broadcasting. Producers can upload their content, and Livepeer manages reformatting and distribution. Built on the Ethereum blockchain, LPT is vital for network operations, securing the platform, and rewarding participants.
Livepeer allows users to use decentralized computing power and earn crypto-economic rewards. The platform supports various applications, including pay-as-you-go content, auto-scaling video services, uncensorable live journalism, and video-enabled DApps.
Additionally, Livepeer uses a modified delegated proof-of-stake (DPoS) consensus mechanism, which is more environmentally friendly and scalable than traditional proof-of-work systems. This, combined with Ethereum’s extensive DApp ecosystem, improves the platform’s usability and security, making Livepeer a leader in the live video streaming industry.
Wrap up ETHCC with Happy Hour w/ Livepeer!
Join us on July 11 from 6:00 PM to 10:00 PM GMT+2 at Reset in Brussels.
Enjoy food, cocktails, and live music while discussing GENerative AI and decentralized video creation.
Register here: https://t.co/NxPKJFSlfR
— Livepeer (@Livepeer) July 5, 2024
LPT has increased by 3.97% in the last 24 hours, with a current value of $13.72. It has high liquidity with a volume-to-market cap ratio of 0.1097, supporting intense trading activity. With an RSI of 44.63, LPT is expected to trade sideways, similar to ENS and TRAC. However, LPT had only ten green days in the last 30, fewer than ENS, TRAC, and FTM.
Despite this, its volatility at 13% is higher than that of ENS and TRAC. Trading 120.83% above its 200-day SMA, LPT shows significant growth. Over the past year, LPT’s price has surged by 212.88%, outperforming 77% of the top 100 crypto assets, making it one of the stronger gainers.
3. Mega Dice (DICE)
Mega Dice is a GameFi cryptocurrency project on the Solana network. Recently, it raised over $1.6 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 $0.0866, 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 ended 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.
Exciting News, DICE Community! 🚀
In the last 48 hours, a massive 3M $DICE has been staked! 💎 Don’t miss out on this momentum.
Join the movement and stake your $DICE now! 🌟
Buy and stake $DICE here: https://t.co/Pk6R16oOKk pic.twitter.com/DB2asmB2gC
— Mega Dice Casino (@megadice) July 5, 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 exciting opportunity at the crossroads of gaming and cryptocurrency, with various incentives and reward mechanisms designed to keep users engaged.
4. SingularityNet (AGIX)
The AI token SingularityNET (AGIX) jumped by over 15% in the last 24 hours, reaching $0.6088 at the time of writing. Despite facing a bearish trend and volatility over the past month, AGIX has shown strong bullish momentum in the past 24 hours. Additionally, the altcoin has increased by 125.28% over the past year, indicating potential for growth. This rise has brought its market cap to $740 million.
Technical analysis suggests that AGIX is gaining momentum and continuing its upward trend. The support level at $0.60 has been confirmed, boosting confidence in the token’s direction. Decilizer predicts that AGIX could reach its $1.40 target sooner than expected.
After being rejected at the yearly high of around $1.40, AGIX started trading within a descending parallel channel. The price is recovering well after bouncing off the support level, which is expected to hold for a while. The trading volume has increased, driven by buyers, suggesting that another bullish push could help AGIX break above the upper resistance of the channel.
In June's edition of our Ecosystem Roundup, we explore the latest updates on the @ASI_Alliance and what happens to your #AGIX tokens, celebrate the success of @DeepFunding R4, highlight community-driven initiatives and share broader ecosystem developments:https://t.co/LzC4xbuPHi
— SingularityNET (@SingularityNET) July 1, 2024
The recent rise in FET and AGIX prices highlights growing interest in AI-focused blockchain projects. As the merger into ASI approaches and potential collaborations with platforms like Injective develop, these tokens might continue to outperform the broader cryptocurrency market. If AI tokens continue to benefit from the crypto market, the AGIX coin price may aim to reach an upper high of $1 soon. On the other hand, if investors start taking profits, the SingularityNET price could drop to its lower support level of $0.380.
5. Jito (JTO)
In December 2023, the Jito (JTO) token airdrop brought significant attention to the Solana blockchain, which had been experiencing difficulties. This event also emphasized the importance of liquid staking on Solana and gave holders the power to influence platform governance.
For Solana community enthusiasts, the introduction of JTO is significant, as it allows users to participate in governing one of the network’s largest liquid staking protocols. Those engaged with the protocol will likely be interested in the token.
Looks like the phased transition plan to StakeNet is going to pass.
The $JTO community showed up and made their voices heard.
This is what defi should look like. You guys are the best!
link: https://t.co/9icCxQJGsl pic.twitter.com/tGQ6M9AXXj
— Jito (@jito_sol) July 5, 2024
Jito (JTO) maintains a steady value, ranging from $2.04 to $2.75. This suggests that buyers and sellers are evenly matched. The coin is just below its 10-day moving average of $2.41, showing a slight upward trend. If Jito exceeds the first resistance level at $3.07, it could see further gains.
Over the past 24 hours, the JITO price has been bullish as buyers defended immediate support levels, leading to a recovery toward $2. The 24-hour trading volume increased by 25.35% to $45.08 million, indicating higher trading activity today. JITO is trading at $2.04, up over 3.20% in the last 24 hours.
Looking ahead, Jito could reach the second resistance level of $3.72, representing a 35% increase. Although the coin faced a challenging month with a 37% drop, its 6-month growth of nearly 55% shows strong potential. If buyers gain more strength, Jito could see significant growth.
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