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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. ArcBlock (ABT)
ABT, the native token of Arcblock, is experiencing a significant rally as bullish pressure increases. Arcblock is a platform that simplifies the creation of decentralized applications (DApps). The altcoin is priced at $4.22, showing a 5.67% increase in the last 24 hours. Over the past month, according to CoinMarketCap, ABT’s price has risen by 87.80%.
Arcblock is based on the Ethereum blockchain and functions as an ERC-20 token. It serves as a platform for developing and deploying decentralized web applications. Arcblock promotes itself as a comprehensive blockchain 3.0 product platform, making building, deploying, and managing applications easier.
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Experts analyzing ABT’s daily price movements have identified the potential for a short to mid-term rally. The token’s key momentum indicators are above their respective center lines, indicating significant buying interest. For instance, the 14-day Relative Strength Index (RSI) for ABT is 46.41, showing that the cryptocurrency is neutral.
These indicator values suggest market participants are more inclined to accumulate ABT than distribute it. If the bullish momentum continues, ABT’s price could rise above $4.50, reaching $4.60. Should this trend persist, the price might test the upper resistance level of $5.50 by the end of the month.
2. Mega Dice (DICE)
Mega Dice is a well-known casino with over 50,000 registered members and over 10,000 monthly active users. These users have access to thousands of games, sports, and eSports events, and they can bet on them using cryptocurrency.
Telegram casinos have rapidly emerged as one of the fastest-growing sectors in online gambling. The ease of accessing a complete casino experience within the Telegram app has attracted mobile players worldwide.
Throughout its years of operation, Mega Dice had never launched its own cryptocurrency—until now. The casino recently introduced its new token, DICE, which is currently in its presale phase. This new token has drawn significant interest, raising over $1 million from buyers. This strong demand for DICE highlights the appeal of the casino’s offerings, as evidenced by the sale of more than 14 million DICE tokens in the past month.
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The presale is ongoing, and Mega Dice recently announced on X that it is developing exclusive DICE promotions with exciting offers. Although the team didn’t share many details, they mentioned that the Season 1 airdrop participants would soon see their DICE tokens in their personal wallets on the platform.
Priced at $0.075 per token, DICE has a market cap of just $33 million. This is relatively low, given the significant real-world adoption of Mega Dice’s platform. As a market leader in GambleFi, Mega Dice’s coin can be worth billions of dollars. It could see a 50-100x increase, making it a strong contender for the best presale of 2024.
3. Lido DAO (LDO)
Lido DAO offers a staking infrastructure for various blockchain services, primarily focusing on Ethereum. Users can stake their Ethereum through this platform and receive stETH in return. The protocol operates on Ethereum using smart contracts that handle users’ deposits. Lido DAO’s native token, LDO, functions as the governance token, allowing holders to participate in governance proposals and vote on important decisions.
Lido DAO provides liquid staking for blockchains like Ethereum and Polygon, offering daily rewards without a lockup period. Users can stake any amount of ETH and receive stETH, which can be utilized across Ethereum and L2 blockchains. The current annual percentage rate (APR) is 2.9% for Ethereum and 4.2% for Polygon.
The LDO token is trading at around $1.76, showing a 1.02% increase in the intraday session. The LDO price is below the 50-day and 200-day Exponential Moving Averages (EMA), indicating a past negative crossover. A strong upward trend could be expected if the price rises above these EMAs.
If Lido DAO (LDO) proves to be a good investment in 2024, this year could be advantageous for the cryptocurrency. Positive shifts in market momentum and investor sentiment might drive Lido DAO (LDO) to reach $5. Additionally, with future upgrades and developments in the Lido DAO ecosystem, LDO could surpass its current all-time high (ATH) of $11.00 and set a new ATH.
4. Gnosis (GNO)
Gnosis is a decentralized infrastructure project on Ethereum. It seeks to encourage experimentation and offer decentralized solutions within the Ethereum ecosystem. Starting in 2015 with an emphasis on prediction markets, Gnosis has since grown to create infrastructure like Gnosis Safe. It is a decentralized autonomous organization (DAO) and supports various decentralized applications (dApps).
Gnosis has faced a challenging market recently. Its price movements show volatility, fluctuating between peaks and troughs. Despite some positive trends over the past six months, short-term sentiment remains bearish. As Gnosis focuses on innovative market mechanisms for decentralized finance, these sentiments might impact its projects. Investors are closely monitoring for any signs of recovery.
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However, GNO has shown notable price movements. Its price is $307.63, marking a 2.08% rise in the last 24 hours. Over the past year, the price has grown significantly, increasing by 167.93%. Additionally, it is trading 130.50% above the 200-day SMA of $134.59, indicating strong bullish momentum.
5. Dogwifhat (WIF)
Dogwifhat (WIF) has long been a popular memecoin in cryptocurrency. A large number of investors have supported it, leading to significant growth. However, recent price fluctuations have negatively impacted WIF’s price.
In the last 24 hours, more than $1 million of long positions were liquidated due to a sharp price drop. Despite this decline, the price prediction remains optimistic, with a Fear & Greed Index of 70 (Greed). Additionally, the price of dogwifhat tokens increased by 3.43% during this time.
WIF has experienced 15 positive days out of the last 30, which is 50%. The price prediction sentiment and the Fear & Greed Index indicate more token transactions. This suggests growing optimism for an upward trend.
WIF’s solid fundamentals and the support of a dedicated crypto community give it the potential to reach new heights. If the market remains bullish, the WIF Coin could exceed $4.80 in 2024. Assuming the positive trend continues, the average price of WIF Coin might stay around $4.47.
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