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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. Arweave (AR)
Arweave is a decentralized network designed for permanent data storage and hosting. The platform also offers significant opportunities for learning, utilization, and development. Recently, AR struggled to break the $50 resistance level and dropped below $40, causing concern among investors and crypto enthusiasts about its future potential. The chart indicates a strong resistance at $48, which pushed the price downward.
Despite these challenges, AR’s outlook has improved. Over the last 24 hours, AR’s price increased by 6.88%, reaching $27.63. The market cap also grew 6.95% to $1.814 billion, and the 24-hour trading volume rose 9.68% to $74.96 million.
Arweave aims to create a permanent, decentralized data storage network called the “permaweb.” Although the technology is still in its early stages and adoption is slow, it has significant long-term potential. However, this also means the coin experiences high volatility and uncertainty.
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How #Arweave is the chain enabling a composable ecosystem
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This is the key… pic.twitter.com/nQDz1aBKor— Only Arweave (@onlyarweave) June 19, 2024
Currently, the sentiment around AR price prediction is bullish, with the Fear & Greed Index showing a neutral score of 53, indicating increased token transactions. With solid fundamentals and support from a dedicated crypto community, AR has the potential to achieve significant growth. If the Arweave project announces collaborations with other networks, the maximum price of the AR coin could soon surpass $35.
2. Mog Coin (MOG)
Mog Coin is notable for its fun, community-driven features and playful branding. This meme coin leverages its vibrant community to provide an engaging crypto experience. Additionally, Mog Coin supports cat rescues and other charitable initiatives, adding a socially beneficial aspect to its humor. The token has shown consistent growth and is expected to rise in value as its ecosystem continues to expand and develop.
The price outlook for Mog Coin is generally positive, though some analysts foresee a temporary dip from current levels. With a market capitalization of only $347.45 million, there is room for further growth, especially considering the strong buying interest on the price chart.
MOG is priced at $0.0000009686, marking a 14.34% increase in the last 24 hours. The 14-day Relative Strength Index (RSI) is at 60.94, indicating that the cryptocurrency is currently neutral and may experience sideways trading.
The current sentiment for EOS price prediction is bullish despite the Fear & Greed Index showing a neutral value of 53. This reflects an increase in token transactions. Last month, Mog saw significant gains, with its price breaking past the resistance zone from the March rally. The outlook for Mog Coin remains positive.
However, consolidation might strengthen the bullish trend, but a drop in Bitcoin below $65k could negatively affect market sentiment. The price of MOG has fluctuated between $0.000001164 and $0.00000154. If MOG does not stay above $0.000001300, bears might gain control.
MOG cryptocurrency has experienced a significant rise in volume, leading to increased volatility and price instability at the supply level. Still, if high demand persists, MOG’s price could rise further.
3. Mega Dice (Dice)
Two trends in web3 gaming are drawing significant attention: the emergence of tap-to-earn games on Telegram and the promising Play2Earn (P2E) projects such as Mega Dice. As major coins like Bitcoin (BTC) and Ether (ETH) experience market fluctuations, savvy investors are now focusing on innovative web3 altcoins with high growth potential.
Telegram’s tap-to-earn games are gaining popularity. At the same time, Mega Dice ($DICE) stands out as an appealing Play2Earn (P2E) gaming project, attracting considerable investor interest. Launched in 2023, Mega Dice combines blockchain technology with online gaming, offering over 4,500 games, including unique game shows. The $DICE token presale has already raised over $1.5 million, making it one of the most promising crypto projects of 2024.
Mega Dice’s success is founded on strong tokenomics and solid fundamentals. The presale is organized in stages, with the price of DICE tokens rising at each stage. This gives early investors a strategic edge. As a result, the project has gained significant momentum and raised millions of dollars even before its official market launch.
The global online gaming industry is expected to reach $136.3 billion in revenue by 2029. Mega Dice is well-positioned to capture a substantial portion of this market. The platform offers a diverse range of games and has established itself as a critical player in the industry. The introduction of the DICE token aims to enhance user experience by offering additional rewards and incentives.
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Mega Dice‘s innovative approach has caught the attention of prominent crypto analysts like Oscar Ramos and Umar Khan. Michael Wrubel, a leading crypto analyst, has also expressed optimism about DICE, emphasizing its potential for significant growth. The success of the presale and the strategic token distribution are signs of strong future performance.
4. Pendle (PENDLE)
Pendle has introduced a new protocol allowing tokenizing and trading future yields. This is achieved through an innovative Automated Market Maker (AMM) designed to handle assets with time decay. This method gives users more control over future yields and opens up new possibilities for yield utilization and optimization.
PENDLE shows a strong positive trend across moving averages, with longer-term indicators giving strong buy signals. Even though the MACD is slightly negative, the overall technical outlook is positive, indicating potential for further upward movement.
Currently, PENDLE is trading at $6.14, a nearly 4% increase for the day. Arthur Hayes, co-founder of BitMEX and an advisor to the Pendle project, has locked up $8.4 million worth of PENDLE tokens until September 5 of this year. PENDLE, the native token of the platform, can be used to earn rewards by providing liquidity to the protocol. By locking up PENDLE tokens for up to two years, users can vote on governance proposals and earn 3% of all yield accrued by its yield-bearing tokens (YT).
In addition to Hayes’ influence, Pendle’s internal developments are fueling its current momentum. The project’s total value locked (TVL), which measures the total value of crypto assets within the protocol, has notably increased.
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— Pendle (@pendle_fi) June 21, 2024
This rise in TVL indicates that more people are utilizing Pendle’s DeFi features. These features allow users to earn substantial yields on their crypto investments, with some yields reaching up to 25%. This is much higher than the returns from traditional investments like short-term US Treasuries. Furthermore, the number of Pendle token holders is steadily growing, demonstrating an expanding and active user base for the protocol.
5. Notcoin (NOT)
Telegram’s gaming mini-apps have been gaining popularity. Among the most played games are Notcoin and Hamster Kombat, each attracting millions of players and active users daily. Notcoin amassed 35 million players and around 10 million daily active users in just five months.
Notcoin (NOT), a Telegram-based clicker game cryptocurrency, is experiencing a bearish trend due to declining trading volumes. Despite opening bullish today, the coin remains within a slightly growing downward channel. According to Coinpedia Market, NOT is trading at $0.149 with a 24-hour growth of 6.11%.
Since reaching its all-time high (ATH), NOT has dropped by 48.54%. The market cap reached $2 billion but fell below $0.015 on June 17, struggling to rise above this level since. However, if market interest in this altcoin revives, it might break through the psychological resistance level of $0.02 and potentially rally toward $0.34 and $0.44.
Notcoin has been trading for five weeks, showing an impressive growth of 223% since its release. Over the past 30 days, it has grown 181%. However, this week, the price has shown bearish tendencies.
The claim is over 👏
A month ago Notcoin was listed and became a real community token, owned by you and people like you.
So far, Notcoin have got 11.5M holders: they've claimed tokens, staked, sent to exchanges or withdrawn onchain.
Most of the drop was distributed already,… pic.twitter.com/MyNp4h6FWB
— Notcoin Ø (@thenotcoin) June 17, 2024
The technical indicators present a mixed picture. The price action shows a bullish trend with the formation of a falling wedge. The RSI, currently at 39 and moving downward, suggests the price is entering an oversold zone. Meanwhile, the MACD shows a rising red histogram below the trend line, hinting at a possible trend reversal.
The Notcoin community, its fundamentals, and ongoing developments could drive the price above $1. This might be a good buying opportunity in the short term before the price breaks out of the descending triangle.
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