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The altcoin market is fluctuating, but some coins try to bounce back. Investors need to stay alert during this consolidation phase, as it could be a chance to ride a rising trend.
Institutional investors are now paying more attention to interoperability and tokenizing real-world assets. Prices of these assets are climbing, even before the market takes off entirely. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token.
Next Cryptocurrency To Explode
Attention in the crypto market in the coming month will go toward the altcoin and meme coin sectors and making the most of the altcoin market. Hence, investors can capitalize on the moment and take a position in upcoming tokens like The Meme Games. The Meme Games combines the trill of the Olympics with meme coins to give crypto enthusiasts a fun and competitive presale event. This post covers the details of its presale.
1. JasmyCoin (JASMY)
Analysts have high expectations for JasmyCoin (JASMY), often called the “Bitcoin of Japan.” Recently, Japan announced the creation of the Japanese stablecoin JPYD, which could lead to a big price boost for JASMY.
JASMY is a top-tier cryptocurrency that is especially important in the future of data protection and information flow. This makes it a key player in the coming years. JasmyCoin has shown strong performance against Tether (USDT) on CoinMarketCap despite market fluctuations.
Currently, JASMY is priced at $0.01993, up by 7.2%. Buyers and sellers are closely contesting this level, with the Stoch RSI indicating neutrality. The price is near the 9-period SMA, showing market indecision. The resistance at $0.01845 has been tested several times and remains a major barrier. If JASMY breaks this resistance, it could move toward the next target of $0.02100.
📢 AMA Event
Join us on Telegram at 10:00 UTC, Friday, September 13th!We’re inviting 2-3 community speakers alongside Jasmy Ambassadors.
Interested? Send your questions to @0xjasmy!@HARA_JasmyCFO @JasmyMGT pic.twitter.com/a8SQoJcDvj
— JANCTION (@JanctionMGT) September 5, 2024
Over the long term, JasmyCoin has performed impressively, trading 326.40% above its 200-day simple moving average. It has gained 451.18% in the past year and outperformed 90% of the top 100 crypto assets by market cap during the same period.
2. Kaspa (KAS)
Kaspa (KAS) is gaining attention as an innovative Layer-1 blockchain focused on scalability and speed. Unlike traditional blockchains, Kaspa uses the GhostDAG consensus protocol, which allows blocks to be created in parallel. This reduces latency and increases transaction speed, making it perfect for applications needing fast processing.
Kaspa’s GhostDAG is different from Ethereum’s Proof of Stake model. It handles high transaction volumes while maintaining security and decentralization. By adding blocks in parallel instead of one after another, Kaspa positions itself as a strong alternative to Ethereum. As DeFi and NFTs grow, Kaspa’s efficient system could become a favorite for developers and users looking for low fees and high throughput.
Kaspa has also caught the eye of crypto investors with its upcoming KRC-20 mainnet launch, set for September 15th. This event introduces token standards similar to Ethereum’s ERC-20, marking an important milestone for Kaspa’s ecosystem.
🚀 KRC-20 Mainnet Launch Announcement 🎉
We are thrilled to announce that Kasplex KRC-20 will be launching on the MAINNET on the 15th of this month at 12:00 PM UTC! 🌐
After over a month of internal testing and two months of stress testing, we've processed over 90M KRC-20… pic.twitter.com/I5d2GoUfQM
— Kasplex (@kasplex) September 9, 2024
Currently priced around $0.16, $KAS has slightly dropped from $0.17 in the past month. However, this stability in a bearish market shows it could be a good investment, especially with its strong technology and promising future.
3. The Meme Games (MGMES)
The Meme Games brings an Olympic-style competition to the world of meme coins. It features popular internet memes like Dogecoin, Pepe, Dogwifhat, Brett, and Turbo. Investors can buy MGMES tokens and back one of these five memes in a battle for supremacy.
The winner is randomly selected through blockchain technology, adding excitement and unpredictability. If a player’s chosen meme wins, they earn an extra 25% on their stake. Moreover, participants can boost their chances by purchasing more MGMES tokens without minimum buy-in.
This project allows for multiple entries and combines entertainment with rewards through its unique staking protocol. Since its launch, over 20 million MGMES tokens have been staked, showing strong community interest.
The project has raised over $425,000 and will launch today, September 10. Early investors can buy tokens at $0.00945 using ETH, USDT, BNB, or a credit card. Quick action is advised, with prices set to rise in less than 24 hours.
4. Pendle (PENDLE)
Pendle (PENDLE) is making waves in DeFi by introducing future yield trading. This innovative approach helps users increase returns through advanced smart contracts and smooth integration with other platforms. Recent updates, including smart contract improvements and new partnerships, show Pendle’s dedication to growth and innovation.
On September 10, Pendle’s price was $3.08, reflecting an 8.63% rise. The Bollinger Bands are tightening, which suggests a potential breakout. The Relative Strength Index (RSI) is 48.46, indicating neutral momentum. If the price stays above $3.032, it could aim for the upper Bollinger Band at $3.549. However, if it falls below $2.515, there could be further downside.
Investing in PENDLE presents a unique opportunity in the DeFi space. Pendle’s method of tokenizing and trading future yields provides flexible management of yield-bearing assets, making it a valuable addition to investment portfolios. Potential investors should research the Pendle market cap and price trends.
You've seen fixed yield for $ETH, fixed yield for stables, but what about fixed yield for $BTC? https://t.co/4l1AVOeLbV
— Pendle (@pendle_fi) September 10, 2024
Experts predict Pendle’s price will hit a minimum of $6.74 by 2025, a potential maximum of $7.92, and an average of $7.80. The project has strong community support, impressive TVL growth, and backing from industry leaders like Arthur Hayes. These factors make Pendle a promising investment in DeFi.
5. dogwifhat (WIF)
Dogwifhat (WIF) has quickly become a major player in the meme coin space, reaching a market cap of around $4 billion. Just four months after its launch, it now ranks as the third biggest meme coin, following DOGE and SHIB. The coin’s success stems from its fun concept of a dog wearing a hat, which has captured the community’s attention.
WIF’s rise has also contributed to Solana’s recovery, as investors needed to buy SOL to convert it into WIF. The community’s ambitious fundraising campaign to display their meme on the Las Vegas Sphere raised nearly $700,000, adding to its popularity.
Currently, Dogwifhat (WIF) is priced at $1.68. If the trend continues, WIF could reach resistance levels of $2.045 and $2.403. However, if the trend reverses, it may fall to $1.377. The bullish prediction for 2024 suggests WIF could rise to $2.902.
With positive market momentum, WIF might reach $10. Future upgrades and developments in the Dogwifhat ecosystem could push it beyond its current all-time high (ATH) of $4.85. Kraken Pro in Canada recently listed WIF, further increasing its accessibility after its initial listing in February.
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