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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 Sealana, a Solana meme coin that introduces features and widgets to accommodate different investor preferences. The details of its presale and the performance of the top-performing crypto today are shared below.
1. cat in a dogs world (MEW)
A week ago, the $MEW token surged by 11% in a single day. This sparked significant interest among investors, suggesting that cat-themed meme coins might be viable investments again. The momentum continued as $MEW’s value kept increasing. This was driven by positive news about the token and new partnerships, which could help it reach its all-time high.
cat in a dogs world (MEW) is a meme coin gaining popularity, with a market cap of $470 million. Although the token has dropped over 17% in the past day, it has grown by 21.49% over the past week and an impressive 200% over the past year. This presents a potential buying opportunity for investors.
The tokenomics of “Cat in a Dog’s World” are intriguing. Out of a total supply of 88 billion tokens, 90% have been burned. This leaves only 10% to be airdropped to the Solana community. The token’s price might rise because of this limited supply and increasing demand.
Moreover, the project has recently joined forces with LOCUS Studios to produce a 3D animated series. This partnership aims to grow “Cat in a Dog’s World” by combining top-notch animation with the Solana memecoin community. Through engaging storytelling and immersive visuals, this collaboration hopes to connect the world of cryptocurrency with mainstream culture, offering a unique experience for global audiences.
2. Filecoin (FIL)
Filecoin experienced a significant decline and has been in a bearish consolidation phase for several months, causing the resistance level to drop considerably. When market participants had lost hope for a substantial upswing, the token showed a significant increase. This rise suggests that the FIL price may trend upward, as technical indicators also support a bullish outlook.
Filecoin (FIL) currently trades between $5.55 and $6.15. Over the past week, it has risen by 5.16%, 6.29% over the past month, and 17.08% over the past six months. The nearest resistance level is $6.49, while the nearest support level is $5.29. The 10-day and 100-day moving averages are close, indicating stability.
The FIL price has been trading in a bullish range despite some bearish pressures causing it to lose some gains. However, the current trade setup shows that the price uses all its strength to move above the consolidation phase. If a breakout occurs, a 30% increase could be imminent.
Our goal is for Filecoin to become the preeminent platform for decentralized storage and data services.
A tall task, but Filecoin Foundation is focusing on seven key initiatives to help us get there:
1️⃣ Build user-friendly storage applications and developer tools: Storage… pic.twitter.com/VGp0feRJxV
— Filecoin Foundation (@FilFoundation) June 6, 2024
The FIL price trades within a rising and expanding channel but is consolidating near its lower support. Despite this, the RSI is moving within an ascending parallel channel, indicating that the rally still has strength. As a result, the FIL price is expected to maintain its upward consolidation and rise above $6.7, potentially exceeding $7 in the next few days.
3. Sealana (SEAL)
Sealana was originally a token exclusive to the Solana network. However, it has expanded to multiple blockchains, including the BNB Chain and Ethereum (ETH), where $SEAL can be purchased. The Solana-based meme coin features a chubby seal mascot inspired by the “World of Warcraft guy” from South Park, representing American patriotism and political satire.
The project uses a ‘send to wallet’ approach for its token presale. This allows buyers to purchase $SEAL using SOL, BNB, or ETH, even with a bank card. The website did not mention specific targets or token supply for the presale. Despite this, Sealana’s fundraising has been highly successful, raising over $3 million. This success highlights the project’s appeal to the Solana meme coin community, which is known for supporting projects with a controversial edge.
#Sealana has got some big news for y'all today! 🦭🍻 After a long night of drinking, doin' American $SEAL things 🇺🇸 and blacking out! 😵 He woke up with some real mental clarity and made the call that the #Presale's gonna end on June 25th at 6 pm UTC! ⏰
You know what that… pic.twitter.com/va7W8abVjb
— Sealana (@Sealana_Token) June 6, 2024
Sealana ($SEAL) will end its presale on June 25 at 6 PM UTC, offering a constant rate of $0.022 per token throughout the presale. After the presale, participants will receive their $SEAL tokens via airdrop a few days later.
Due to Sealana’s multichain capabilities, tokens will be airdropped directly to buyers using SOL, ETH, or BNB. This process eliminates manual claims and saves participants from paying gas fees.
4. Injective (INJ)
The recent market surge has helped the Injective price break out of its falling wedge pattern. Now, the price is approaching a critical resistance zone. A healthy upswing could push the price to $31 if it enters this zone. However, technical indicators suggest that the price may consolidate before a bullish breakout occurs. After ending the week on a bearish note, the INJ price is expected to maintain a healthy upswing in the coming week.
Top industry expert Captain Faibik believes this bullish breakout indicates that the token may reach new highs. The falling wedge is a bullish chart pattern that formed in early February 2024 and broke out in June 2024, suggesting a possible upward trend.
Injective is onboarding one of the largest gaming giants gumi as the latest validator!
gumi’s addition to the Injective ecosystem will not only expand its role in the world of GameFi but also drive further adoption across Japan, Asia and beyond 🌐https://t.co/taZhN8qyfN
— Injective 🥷 (@injective) June 7, 2024
This pattern features converging trendline support and resistance, signaling a reversal or bullish momentum once it breaks out. Captain Faibik’s chart highlights the breakout at the wedge’s upper boundary, marking the end of the previous downtrend. As a result, traders are feeling optimistic. At the time of his analysis, the price of INJ was $28.30.
5. MAGA (TRUMP)
A trader has found success with MAGA (TRUMP), a meme coin inspired by former President Donald Trump, who is running for the presidency again. Shortly after Trump was convicted on 34 felony counts for falsifying business records related to hush money payments to his former lawyer, Michael Cohen, several Trump-inspired meme cryptocurrencies were launched. One trader made over $160,000 in just five hours from these coins.
It’s important to note that such high returns are unusual and that investing in meme coins is risky. After an initial drop in price following Trump’s conviction, the unofficial TRUMP token quickly recovered and surged past its previous value. On Thursday, March 30, it reached a new all-time high of $16.84 per token.
Today we've donated $50,956 to Homeless Veteran Support and Child Trafficking Prevention. This is our 43rd consecutive week of making donations now totaling 476.5 $ETH ($1,388,073 to @NVHS / @V4CR_official). pic.twitter.com/mxIwZChStP
— MAGA Memecoin (@MAGAMemecoin) June 7, 2024
The TRUMP token is priced at $12.91 at press time, dropping over 23% from its highest point. However, it has risen by 4.19% in the past 24 hours. It is now the 228th most valuable cryptocurrency by market cap and is one of the leading politics-themed (or “PolitiFi”) coins. The token, inspired by Trump, might still see a surge in the coming weeks. This is due to the former president’s recent support for cryptocurrency, despite his earlier criticism of Bitcoin.
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