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Many altcoins are trying to make a comeback as they record significant gains. Bitcoin (BTC) is still slowly making its way back to $70,000, hoping to find support for its next big move. Investors need to stay alert during this consolidation phase as it could be a chance to catch a ride on a rising trend.
Prices of these various assets are climbing, even before the market takes off entirely. That is why today’s article is dedicated to identifying the next cryptocurrencies to explode and inform investors and traders about each token.
Next Cryptocurrency To Explode
Smart investors are moving to capitalize on the boom in the altcoin market and taking positions in upcoming tokens like the Shiba Shootout. The project features a unique Wild West design, combining this popular period from American history with the crypto frontier. This post covers the details of its presale.
1. Band Protocol (BAND)
Band Protocol’s unique technologies distinguish it from its competitors. Its Oracle solution efficiently connects smart contracts with off-chain data and APIs. In addition, BandChain, an independent blockchain anchored to Bitcoin, ensures decentralized, scalable, and fast data requests.
Band Protocol also uses the Cosmos SDK and Tendermint consensus algorithm, which provide quick confirmation times and a high level of decentralization. Another unique feature is the flexible data query oracle script, a scripting language that specifies data request parameters, offering many possible use cases for the technology.
Band Protocol (BAND) is currently trading at $1.57, with a market capitalization of $226.497 million. Its price has changed by over 10% over the last 24 hours, ranking it at 223 among all cryptocurrencies. Its daily volume is $24.8 million.
Band Protocol has formed partnerships with key industry players. It has partnered with Elrond, a scalable value transfer protocol for digital commerce, to provide secure and verified price feeds. Its collaboration with ICON, South Korea’s largest blockchain project, has extended Band Protocol’s reach in the East Asian market. Additionally, partnerships with Waves, Wanchain, and Fantom have established Band Protocol as an industry-leading oracle solution.
1/ 🚀 We are delighted to share our integration on @AstarNetwork’s Ink! This marks another significant milestone in our effort toward making Band Price Feed available on all smart contract platforms.
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📕 Read More: https://t.co/Zi4B2uPHNA
🧵Or Continue Below👇
.#bandprotocol pic.twitter.com/IyL9Sv8lYI— Band Protocol (@BandProtocol) July 25, 2024
By 2025, Band Protocol’s price is anticipated to be low at $18, average at $25, and high at $35. This expectation is due to favorable regulatory developments and the increased utility value of blockchain technologies. Strong growth in the technology sector and easing inflation rates could create a positive environment for cryptocurrencies like Band Protocol, driving further adoption.
2. eCash (XEC)
eCash (XEC), formerly BCHA, is a cryptocurrency that comes from the Bitcoin ABC team’s fork of Bitcoin Cash (BCH). It uses the Avalanche consensus protocol. This protocol enhances security and provides almost instant transaction confirmations. The rebranding introduced a new name and display format but kept the cryptocurrency’s core functions.
The Avalanche protocol greatly improves blockchain security and ensures quick transaction confirmations. It also makes future network upgrades easy, making eCash adaptable and ready for the future. eCash supports staking, allowing users to participate in network consensus and earn rewards. The platform lets businesses and developers create custom tokens, called eTokens, for various applications.
Currently, eCash is trading at $0.00003861. It has increased by 12.37% in the past 24 hours and 6.73% over the last week. It has maintained a positive trend, with 16 out of the previous 30 trading days being positive. Looking ahead to 2025, some analysts predict a bullish market driven by favorable regulatory and technological trends.
Building Never Stops! 👨🏻💻
📣 Bitcoin ABC 0.29.9 is here! 🚀
This release brings some RPCs updates and several under-the-hood improvements.$XEC #JustBuild🛠 https://t.co/h4AJaRrgvJ
— eCash (@eCashOfficial) July 23, 2024
Easing inflation and the launch of Ethereum ETFs may boost cryptocurrency adoption, positively impacting eCash. If the market stays bullish, the average price of eCash could reach around $1.15 next year, with a potential high of $1.50.
3. Shiba Shootout (SHIBASHOOT)
Shiba Shootout is a unique meme coin project. It brings its community into a digital Wild West-themed environment. The setting is the lively town of Shiba Gulch, with characters like Marshal Shiba and the Shiba Sharpshooters. This project blends creativity, competition, and camaraderie, offering more than a typical cryptocurrency investment.
The project has several innovative features to engage its community. The Posse Rewards referral program encourages users to invite others by offering bonus tokens for successful referrals. Campfire Stories sessions let members share their crypto experiences, with the most entertaining stories receiving token rewards.
Shiba Shootout emphasizes community governance with its Token Governance Roundups. These events let token holders vote on important project decisions, similar to a democratic process in a Wild West town. This ensures the community plays a significant role in shaping the project’s future.
Recent developments show the growing momentum of Shiba Shootout. The project has raised over $750,000, marking a significant milestone. Additionally, introducing the Shiba Duel game offers a play-to-earn opportunity for community members to participate actively.
Currently, Shiba Shootout is in its presale phase. It has raised $796,822.8 out of a $1,415,514 target. The token is trading at $0.0197, showing increasing interest from early investors. While the next phase includes planned partnerships, the project’s current focus is on building a strong foundation and community.
4. Jupiter (JUP)
Jupiter coin’s price has surged over 20% in the past few days. This rally followed the announcement of a major tokenomics overhaul by the Solana-based decentralized exchange. Meow, the platform’s co-founder, mentioned that the upcoming week will be crucial for JUP and its community.
In the last 24 hours, JUP’s price increased by over 13%, bringing its weekly gain to more than 15%. Currently, Jupiter coin is trading at $1.16, with a 24-hour low of $1.01 and a high of $1.13. Additionally, trading volume has risen by 41.21%, showing growing interest among traders.
According to Coinglass data, the total open interest in JUP futures jumped by over 35% in the last 24 hours. However, there has been some selling activity as traders take profits. CoinGape’s analysis suggests that if JUP breaks the $1 barrier, it could form a golden cross pattern. This pattern of increased buying pressure and bullish sentiment might push JUP to $2. The price has already risen nearly 50% in a month.
Here’s the schedule for next week!
Hopefully it will be fun for everyone and we’ll all learn a lot together.
J4J 🔥 https://t.co/kmCTOIc1RO
— Jupiter 🪐 (@JupiterExchange) July 27, 2024
Meow, the pseudonymous co-founder of Jupiter, recently proposed a significant overhaul of JUP’s tokenomics. The proposal includes a 30% reduction in the total supply, currently 10 billion tokens, and a voluntary 30% cut from the team’s allocated tokens. Additionally, there will be a 30% decrease in “Jupuary” emissions.
In a post on the X platform dated July 27, Meow emphasized the importance of the upcoming week for JUP. It will be a period of major development activity, voting, and discussions. By the end of the week, the broader community, including developers, JUP holders, and associated projects, will clearly understand their alignment.
5. JasmyCoin (JASMY)
JasmyCoin’s price fluctuates between $0.0269 and $0.0328, reflecting a battle between buyers and sellers. Its price has risen by over 10% in the last 24 hours and increased slightly by 1.61% over the past month.
Despite this, JasmyCoin has surged more than 430% in the last six months, indicating strong long-term potential. The immediate resistance level is $0.0353, with another at $0.0413, suggesting possible gains of up to 25% if buyers gain momentum. On the downside, support levels at $0.0234 and $0.0175 may limit losses. With indicators like the RSI near 62 and stochastic above 90, JasmyCoin’s market remains interesting.
In other news, JasmyCoin’s CFO, “HARA,” tweeted that they were satisfied with a new collaboration with Gains Network. The JASMY price responded positively, rising 7% to $0.028. Gains Network has developed gTrade, an innovative leveraged trading platform. Just before HARA’s tweet, Gains Network announced the JASMY listing. Gains Network joins other exchanges such as Binance, MEXC, and KuCoin in listing JASMY.
A key technical indicator, the 200-day Moving Average (MA), shows that JASMY is in an uptrend over a longer time frame. The 200-day MA is currently at $0.012 for JASMY, indicating that the price has been trading above this long-term average, which is generally considered a bullish signal.
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