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Achieving good returns in a strong market involves monitoring the top cryptocurrencies and preparing Altcoins for growth. Yet, spotting the next prominent cryptocurrency can be challenging because many investors focus on already popular assets.
This 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
Today’s analysis details the performance of the cryptos that investors should add to their watchlist. It also includes a special mention of Sealana, a Solana meme coin that introduces features and widgets to accommodate different investor preferences. The details of its presale and the performance of the top-performing crypto today are shared below.
1. Beldex (BDX)
Over the past seven days, the BDX price has increased by 2.18% despite significant volatility in the last month. It has risen by 10.71% in the past month and slightly by 0.87% in the past 24 hours. Additionally, the altcoin has gained 11.83% in the past 30 days, suggesting a long-term positive outlook.
Currently, Beldex (BDX) is trading at $0.03698. It has a circulating supply of 6,448,011,948 BDX and a total supply of 9,925,391,948 BDX. With a market capitalization of $238.453 million, Beldex holds the 221st position in the global cryptocurrency rankings.
🎉 Exciting news! @BeldexCoin $BDX will be listed on #Zelcore on June 25th!
Learn more about #Beldex in this thread: Beldex – Your ultimate privacy haven 🛡️👇 pic.twitter.com/70cixX5DEO
— Zelcore (@zelcore_io) June 19, 2024
The technical indicator RSI is moving toward its midpoint after experiencing a significant drop from the overbought range. Additionally, the average trendline indicates a strong chance of a bearish convergence, signaling potential uncertainty in future price movements.
If the bulls regain strength, the Beldex price may soon test the upper resistance level of $0.050. On the other hand, if the bears remain in control, the BDX coin price is likely to fall toward the lower support level of $0.032.
2. UNUS SED LEO (LEO)
UNUS SED LEO is a utility token within the iFinex ecosystem that is designed with advanced and unique features. One notable technological innovation is its token buyback system. The iFinex exchange systematically uses at least 27% of its monthly revenue to repurchase LEO tokens from the open market. This approach helps maintain the token’s value, differing from other cryptocurrencies that rely solely on supply and demand dynamics.
LEO’s distinctiveness comes from its direct connection to Bitfinex’s profitability and its role in enhancing transparency. Bitfinex allocates a portion of its profits to buy back LEO tokens, ensuring stable demand. Additionally, regular token burns reduce the supply, which supports the token’s price. This system provides straightforward utility by helping users reduce trading fees and boosting investor confidence.
LEO has reached $5.71, rising steadily by 2.23% in the last day. It is now trading 49.74% above its 200-day SMA of $3.85. Over the past year, LEO’s price has increased by 50.73%, with 14 positive days in the last 30 days. The 14-day RSI stands at 41.04, indicating a neutral market sentiment.
LEO has outperformed 54% of the top 100 crypto assets, yet its 30-day volatility remains low at 2.08%, indicating stable performance. Investors should consider LEO’s connection to Bitfinex’s success and its efforts to improve transparency.
Looking ahead to 2025, LEO shows promise due to positive regulatory trends and blockchain technologies’ growing utility and value. It could reach a high of $7.80, supported by promising developments, favorable market conditions, and increased crypto adoption. The average price is expected to be around $6.40, with minor fluctuations.
3. Sealana (SEAL)
Like other successful meme coins, Sealana attracts attention with its whimsical and meme-driven nature. Inspired by South Park’s famous ‘World of Warcraft guy,’ Sealana embraces the playful essence of meme coin culture, which is vital for community support. On its X page (formerly Twitter), the project has gained over 12,000 followers. The development team is actively posting memes and generating excitement for the launch. Moreover, Sealana’s Telegram channel is active and has more than 11,000 members.
The Sealana presale is nearing its end, having raised over $5 million. It promises early investors significant returns in 2024. During the presale, the project quickly gained momentum, raising over $300,000 in the first week and continuing to attract millions afterward.
After the presale ends, Sealana’s team plans to list the token on Solana-based decentralized exchanges (DEXs) like Raydium. This could lead to significant developments because a promising new token often sees substantial price movement when it appears on crypto exchanges.
Initially, high demand typically drives the token’s price up, attracting more investors as the buzz grows on social media. This pattern is often seen in the meme coin market. The token’s rising popularity and hype create a potential for significant gains.
As the #Presale countdown continues, everyone wants a piece of #Sealana! 🦭 Ellen DeGenerate got hers! 🎤 Sealana did not hold back! 🔊😤 He stated his mission of Lambos, Massive Gains & Freedom loud and clear! 🚀
Send $SOL now and tell him where to appear next! 🎧🦭 #MAGA #USA pic.twitter.com/kq0TOZTNY3
— Sealana (@Sealana_Token) June 22, 2024
Although detailed information about its long-term roadmap is scarce, the immediate appeal and strong community engagement indicate growth potential. $SEAL tokens are now available for $0.022 each, and they can be purchased using $ETH, $USDT, $BNB, or bank cards.
4. Limewire (LMWR)
LimeWire, a famous file-sharing brand from the early 2000s, has made a comeback to revolutionize the creator economy. LimeWire is an advanced AI Studio for creating images, music, and videos and a social media platform for content creators, artists, and musicians.
LMWR is an ERC-20 utility token integrated into the LimeWire platform that millions of people use. LimeWire has successfully raised over $17.5 million through strategic and public sales of the $LMWR Token, attracting support from notable backers such as Kraken Ventures, Crypto.com Capital, GSR, and Arrington Capital.
Three days ago, LimeWire’s price surged over 31% within 24 hours, reaching $0.4037 by 7:35 a.m. EST. This increase followed the project’s second listing of the week on the leading European exchange, Bitvavo. Within three hours of being listed, the crypto saw over $1 million in trading volume.
Over $1 million in trading volume in less than 3 hours 🚀$LMWR 🤝 @bitvavocom
— LimeWire (@limewire) June 20, 2024
Briefly, the LimeWire price climbed above the resistance level of $0.4495, but sellers soon pushed it back down. The altcoin has recently formed lower lows and lower highs on the 4-hour chart. Despite this, it has started to trend upwards.
In the last 24 hours, LMWR has risen by 26.32%, reaching $0.4426 at the time of writing. If LimeWire maintains a price above $0.4040 for the next eight hours, it could invalidate bearish expectations. This scenario might encourage traders to take long positions, potentially pushing LMWR to rechallenge the $0.4495 barrier.
5. Near Protocol (NEAR)
NEAR Protocol has experienced impressive growth this year, with a 38.42% increase. This indicates its rising use and acceptance in the blockchain sector. Its market capitalization stands at $5.54 billion, showing its strong position and promising outlook.
NEAR Protocol (NEAR) has gained more attention in the Ethereum token community, becoming a top search trend on Google. Despite some volatility, NEAR has recently seen a slight rise of 2.31% and a larger increase of 5.01% over the past week. Over the past year, NEAR has grown by 282.42%, placing it among the top 20 tokens globally by market capitalization.
Investors view NEAR as a token with significant potential because it is a leader in transaction volume and total value locked (TVL) in DeFi applications. It also hosts popular Dapps like Kai-Ching and Hot Wallet. The 14-day Relative Strength Index (RSI) for NEAR is 42.7, while the weekly RSI stands at 66.87. To maintain its bullish momentum, NEAR must stay above $4.97, with potential targets up to $16.
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One AI incubator from @nearhorizon.From synthetic open data layers to GPU computing, dive into the six projects in the latest HZN incubator that are building the infrastructure for user-owned AI.https://t.co/hMdzEfZayy pic.twitter.com/L007O8lgzu
— NEAR Protocol (@NEARProtocol) June 20, 2024
Today, NEAR’s price is $5.46, marking an increase of over 2% in the last 24 hours. The market cap has also risen by 2.34%, reaching $5,962,976,452. The trading volume for the past 24 hours has grown by 127.00%, reaching $387,842,805. NEAR Protocol is trading 243.34% above the 200-day SMA, which is $1.59945. The current price prediction sentiment for NEAR is bullish. However, the Fear & Greed Index reads 51 (neutral), indicating potential market instability.
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