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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.
1. aelf (ELF)
The steady increase of aelf (ELF) can be attributed to the favorable regulatory environment and a strong technology sector. Firstly, these factors fuel the adoption of cryptocurrencies. Moreover, the introduction of Bitcoin ETFs and the increasing regulatory compliance of major centralized exchanges greatly influence its growth. Due to these factors, ELF could rise to an average price of $3.50 and hit a high of $4.75 in 2025.
Additionally, aelf has established a network of strategic partnerships with key industry players. These partnerships range from large digital asset management firms to educational institutions and decentralized liquidity networks.
One of their major strategic partners is Huobi, one of the world’s largest digital asset exchanges. This partnership significantly promotes aelf’s token liquidity and widens its adoption. Furthermore, they have partnered with innovation platforms like Innovation Alliance to further evolve their blockchain protocol.
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🔗https://t.co/TLul33Ll72 https://t.co/KX3xtnSM0j pic.twitter.com/6F3cx5folR— ælf (@aelfblockchain) August 1, 2024
Aelf (ELF) currently trades at $0.4112 and has a market capitalization of $300.97 million. In the last 24 hours, the price of aelf has increased by over 16%, positioning it at 152 in the ranking among all cryptocurrencies with a daily volume of $132.82 million. The sentiment around the ELF price prediction is bullish, but the Fear & Greed Index indicates a 37 (fear) score. However, the rise in token transactions suggests growing optimism for an upward trend. Lastly, the 14-day Relative Strength Index (RSI) stands at 31.40, placing the cryptocurrency in a neutral zone.
2. Golem (GLM)
Golem brings to life a vast digital network of decentralized computing power. It harnesses power from countless individual machines across the globe. Firstly, it is a pioneering project in the blockchain realm. It transforms idle computing resources into a supercomputer accessible to anyone. Golem’s native token, GLM, facilitates transactions within this network. This allows users to buy and sell computing power with ease and efficiency.
Moreover, Golem’s appeal lies in democratizing access to computational resources. It offers a cost-effective alternative to traditional cloud computing services. This ranges from rendering complex graphics to running scientific simulations. This decentralized approach reduces costs and enhances security and privacy. Users retain control over their data. Additionally, the recent Golem airdrop campaign has expanded its reach. It distributed GLM tokens to a wider audience, encouraging broader participation in its ecosystem.
The 14-day RSI of 60.10 indicates that Golem is trading neutrally. However, its strong performance above the 200-day SMA by 43.45% shows strong bullish momentum. Furthermore, in the last 30 days, Golem had 16 green days, which is 50%. The price showed low volatility, making it a relatively stable asset. Over the past year, Golem has increased by 50%, outperforming 60% of the top 100 crypto assets. This highlights its competitive advantage.
Accessing the Golem Network #GPU and #CPU resources, made easy. Learn how! 👇
🔗 https://t.co/OpNUoz0MhZ#AI #API $GLM pic.twitter.com/JOHxyXJlGM
— Golem Network (@golemproject) July 22, 2024
By 2025, Golem’s (GLM) price is expected to reach a low of $0.5. The average price might be $1, with a high of $1.5. This positive outlook is driven by favorable regulation, significant growth in the tech sector, and easing inflation rates. Additionally, introducing Ethereum ETFs might attract substantial investments into altcoins like GLM. If this happens, Golem could be among the next cryptos to explode.
3. Mega Dice (DICE)
Mega Dice is a GameFi cryptocurrency project on the Solana network. Firstly, it has raised close to $1.7 million and is close to reaching $2 million. The project aims to merge gaming and cryptocurrency, focusing on gamblers and holders of its DICE token.
Currently priced at $0.100254, the DICE token is set to increase in price in the next two days. Therefore, prospective investors should consider joining before the price goes up.
Moreover, Mega Dice has launched a Refer & Earn program. This program encourages users to bring in new participants by offering a percentage of their referred users’ spending. Additionally, the project has an aggressive airdrop strategy, allocating $2.25 million across three seasons.
In Season 1, active players who wager a minimum of $5,000 within 21 days can earn from a $750,000 reward pool. Season 2 ended on June 28, and Season 3 continues these incentives, offering an additional $1.6 million for sustained activity until the DICE token is listed on exchanges.
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Here’s why $DICE is set to become the leading GameFi token, outpacing all… pic.twitter.com/Y3KZDxmkHH
— Mega Dice Casino (@megadice) July 31, 2024
Furthermore, 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 engagement and participation on the platform.
4. XRP (XRP)
XRP saw a big increase in network activities and social engagement in July. Firstly, data from Santiment shows many signs of this growth, highlighting the cryptocurrency’s rising influence. From July 17 to 23, the XRP Ledger (XRPL) recorded a notable spike in large transactions. Specifically, 4,727 transactions were over $100,000, showing strong interest and activity from significant investors. This surge indicates robust investor confidence and a bullish outlook on the currency.
By the end of July, conversations about XRP comprised 2.59% of all crypto-related discussions across various social platforms. Moreover, this rise in social dominance shows the community’s active involvement and the broader market’s recognition of XRP’s value. Meanwhile, Ripple Labs released an additional 500 million XRP from escrow after withdrawing twice earlier. Additionally, a crypto transaction tracker spotted several large XRP transfers.
The Q2 ’24 XRP Markets Report is now live – while overall crypto markets saw high volatility over the quarter, institutional adoption remained front and center through RWA tokenization and key regulatory milestones such as MiCA going into effect. https://t.co/UTL5NQSWHk
— Ripple (@Ripple) August 2, 2024
Furthermore, Ripple has been making monthly XRP releases from escrow for the past seven years. This supports the coin’s liquidity on the market and sends some XRP coins to its institutional clients working with payments. According to a recent report by Ripple, the company still holds a massive 4.682 billion XRP in its cold crypto wallets.
At press time, the price of XRP increased by 5.66% in 24 hours, reaching $0.57. This happened after XRP had crashed by almost 17% since August 1.
5. Flare (FLR)
Flare is a layer one blockchain that uses the Ethereum Virtual Machine (EVM) to improve blockchain utility. It aims to give developers decentralized access to reliable data from various blockchains and the internet. This access allows new applications and monetization opportunities.
Moreover, it enables decentralized applications (dapps) to support multiple blockchains with a single deployment. Recently, Flare integrated with Stargate Finance, making liquidity transfers smooth across more than 25 blockchains, including Ethereum, Arbitrum, Optimism, and Base. Stargate V2’s Hydra feature supports the easy movement of USDC, USDT, and ETH to Flare.
On Flare, these assets can be used within dapps and protocols. Meanwhile, the original assets remain in native asset pools on the source chains, while equivalent Hydra assets are created on Flare. Users can redeem these Hydra assets for the original assets at any time through Stargate, ensuring unified liquidity across all connected chains.
“Developers are going to build their applications on the chain that serves their purposes, that provides the protocols that they need.
And when you’re talking about mass adoption, the protocols that people need to use will be DATA.”
Data was what we started with, and will… pic.twitter.com/s0oWL7kFiN
— Flare ☀️ (@FlareNetworks) August 2, 2024
Furthermore, the Stargate V2 integration coincides with the launch of a major DeFi incentives program on Flare. This program aims to increase stablecoin liquidity and build a strong foundation for Flare’s upcoming FAssets system, which will support DeFi for non-smart contract chains. Stargate V2 users who bridge their USDC and USDT to Flare and contribute to select decentralized exchange (dex) pools will enjoy competitive reward rates.
As of today, Flare’s price is $0.01691, showing a 1.81% decrease over the last 24 hours. Additionally, technical analysis from CoinCodex suggests that Flare could trade between $0.018926 and $0.089576 in the future. If it reaches the upper target, FLR could be the next cryptocurrency to explode.
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