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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 The Meme Games, a new and exciting gamified meme token project inspired by the 2024 Olympics. It combines popular crypto meme characters and rewards presale buyers with token bonuses for winning events. The details of its presale and the performance of the top-performing crypto today are shared below.
1. Sei (SEI)
Sei (SEI) has been trading between $0.27 and $0.37, showing both struggle and potential for a bullish run. The price increased by 15.81% in 24 hours, reaching $0.4043. The Relative Strength Index (RSI) is at 49.793, indicating that SEI is nearing an oversold status and might bounce back.
If the bulls take control and break through the $0.41 resistance level, SEI could aim for $0.50, potentially gaining 35% to 85%. The current consolidation phase might provide a strong base for the next bull run, similar to patterns observed in 2021.
Sei is attracting significant interest from market participants due to its strong performance in the cryptocurrency market. It stands out for its fast transaction speeds and enhanced scalability. Despite the recent market downturn, historical patterns suggest that such dips often lead to substantial rallies in the altcoin market.
It's been yet another remarkable week for the Sei community.
As we approach the 100M TVL milestone, the Sei ecosystem continues to flourish with new deployments and significant growth, showing no signs of slowing down.
Here’s a roundup of the latest updates 👇🔴 $50M Japan… pic.twitter.com/DgIfgKgaCk
— Sei 🔴💨 (@SeiNetwork) July 19, 2024
Additionally, Sei has risen by 29.69% over the past seven days and 9.45% over the past month. Its 14-day RSI of 49.793 indicates a neutral position, suggesting possible sideways trading. Investor sentiment towards Sei is optimistic, with analysts projecting positive future price movements. The token shows high liquidity relative to its market capitalization, reflecting strong market confidence. Sei’s strong fundamentals make it an appealing investment option, offering significant potential for returns in the current market cycle.
2. Bonk (BONK)
Bonk (BONK) has been in the spotlight recently due to its strong performance despite market fluctuations. Currently priced at $0.00003171, BONK’s value has surged by 39.74% over the past week, showing increased investor interest. Its market capitalization stands at $2.18 billion, with a 24-hour trading volume of $573.77 million, and it has seen a 14.69% rise in just 24 hours.
The recent price surge of BONK during the market correction suggests it could be a promising investment. As the market stabilizes after a period of volatility, investors are considering BONK to diversify their portfolios. Previously, BONK faced a bearish trend with support at $0.00002. However, a proposal to reduce the token supply has boosted investor confidence, increasing the market capitalization by 24.26% to $2.18 billion.
According to CoinMarketCap, BONK has outperformed other meme coins on the Solana network, such as WIF, BOME, and SLERF. Interest has risen due to several developments, including BONK’s addition to the on-chain data provider Xangle. This allows investors to access real-time information about BONK, including circulation and exchange listings, in one place.
Quick reminder from The Dog:
If you locked 1m+ BONK on BONKrewards by 7:25 PM EST on July 11th, be sure to claim your Dual Citizenship Rewards from @MantaNetwork❗️❗️❗️
No need to bridge, or have gas for fees, The Dog and the Manta have you covered🤝
To check eligibility visit… pic.twitter.com/5T3UiaiVu9
— BONK!!! (@bonk_inu) July 19, 2024
The Bonk DAO account on X also announced a proposal to burn over 84 billion BONK tokens from its Treasury. BONKBot gave these tokens to the DAO in Q2 and can now be used for community voting initiatives.
While the proposal awaits final community vote approval, its immediate market impact is evident. This follows an April decision when the BONK DAO approved burning 278.39 trillion BONK tokens with a 99.9% approval rate. Previous token burns have typically led to positive price adjustments, demonstrating investor confidence in the token’s management and strategy.
3. The Meme Games (MGMES)
The Meme Games is a new and exciting gamified meme token project. It brings together popular crypto meme characters and rewards presale buyers with token bonuses for winning events, making it competitive and fun.
Inspired by the 2024 Olympics, the project mixes the enthusiasm for crypto meme coins with athletic competition. Participants can choose from Dogecoin, Pepe, DogWifHat, Brett, or Turbo and watch them compete for gold medals. Each token purchase allows buyers to pick a meme athlete who may win them additional tokens.
Meme athletes are selected randomly, with blockchain technology ensuring fairness. Token holders can also earn passive income through the project’s staking mechanism. By buying and staking $MGME, they can enjoy a high annual percentage yield (APY) of 1,869%. $MGME tokens are available for $0.009 each, but the price will increase in less than a day, so it’s best to act quickly.
To join the presale, visit the official website and purchase $MGME using ETH, BNB, USDT, or a bank card. Buying now will also earn a 25% bonus on your investment.
4. Turbo (TURBO)
The price of Turbo surged by 42.47% in the past 24 hours, reaching $0.0.006139. Trading volume also increased by 96.38%, hitting $146.5 million. This rise made TURBO the top-performing meme coin, as many other tokens rebounded in the last 24 hours. This 24-hour increase followed a 72.61% increase in the past seven days.
Additionally, Turbo announced a significant partnership with Animoca, a global leader in gamification and blockchain. The token aims to integrate AI, creativity, and community and has increased by 2,193% since its launch last year. After dropping from its all-time high of $0.0097 on May 28, the Turbo price found support around $0.003626, according to GeckoTerminal data. Bulls use this support level to push the price within an ascending triangle pattern.
The creator of Turbo Token ($TURBO) leveraged AI to create a unique crypto experience, leading to a remarkable rally. Despite widespread market downturns and Bitcoin losing its $64,000 support, the AI-generated memecoin Turbo ($TURBO) continues to perform well. Price analysis shows that the token is retracing from the upper boundary of the ascending triangle but remains within the pattern. Bulls are targeting $0.010 if the token moves above the upper boundary.
🚀 $TURBO Bull Market 🚀$TURBO has achieved impressive gains, but the most exciting days are yet to come in the second half of the year.
Let's ride the bull to the end. 🐸#TurboToken #TurboRevolution pic.twitter.com/BiEunQYKXn
— Turbo 🐸 (@TurboToadToken) July 19, 2024
As a community-driven project, Turbo includes no transaction taxes and renounced contract ownership. Strong community support backs $TURBO, promising future success. Since its inception, Turbo has provided significant gains to its investors.
5. cat in a dogs world (MEW)
The “cat in a dogs world” (MEW) token, a meme coin on the Solana blockchain, has a strong potential to be one of the top-performing meme coins this year. This growth could be driven by the potential approval of Solana ETFs, which would increase activity on the Solana network and boost all Solana-based meme coins, including “cat in a dogs world.”
Since its launch this year, “cat in a dogs world” has maintained positive momentum. The token has recently shown significant growth despite a bearish period last month, causing a 30% drop. It has gained over 53% in the past seven days and 27.09% over the past 24 hours. As the year progresses, “cat in a dogs world” is expected to surpass its all-time high of $0.01034 and possibly reach $1.
Do you think cats deserve more presence in the crypto world? Then @MewsWorld
($MEW) was created just for you: https://t.co/o4YsvChN6C
Moreover, on July 23, $MEW will be listed on our exchange 😻
We've also prepared a bounty campaign with a 6,000,000 $MEW prize pool.
Stay tuned! pic.twitter.com/BPZyzXo44Q— WhiteBIT (@WhiteBit) July 19, 2024
“cat in a dogs world” offers a unique twist on meme coins by focusing on cat-themed humor instead of the usual dog themes. This approach aims to build a dedicated community of cat lovers, adding variety to the meme coin market.
The tokenomics of “cat in a dogs world” are intriguing. Out of a total supply of 88 billion tokens, 90% have been burned. Only 10% will be distributed to the Solana community. This limited supply and increasing demand could drive the token’s price higher.
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