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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. Convex Finance (CVX)
In the current volatile market, Convex Finance shows signs of a potential reversal, with its price trend forming a double-bottom pattern inside a descending triangle. Moreover, Convex Finance’s market cap has reached $219.53 million, with its value increasing by 7.53% over the past 24 hours. It is trading at $2.23, showing a slight intraday recovery of 2.63%, following a 4.9% jump overnight. Investors are optimistic, expecting a bull cycle to push the price toward the upper trendline.
Looking at the Fibonacci levels, if the bullish trend continues, the price may aim for the 23.60% level at $2.811. A breakout above the trendline could also set higher targets, reaching the 50% level at $3.73 or even the 78.60% level at $4.73.
Convex Finance is a decentralized finance (DeFi) protocol that helps Curve liquidity providers earn rewards without needing to stake directly. By using Convex, LPs can enhance their CRV and liquidity mining rewards. This process is designed to improve capital efficiency for CRV stakers.
Over the past week, Convex Finance has risen by 5.39%, signaling a bullish trend in the MACD indicator. This positive trend suggests the possibility of a breakout, with the price potentially reaching $5.50, representing a remarkable 146.64% increase if it surpasses the trendline resistance.
2. Sei (SEI)
Sei Network (SEI) is gaining attention for its ability to enhance decentralized finance (DeFi) applications with ultra-fast transaction speeds and a unique order-matching engine. As the DeFi space grows, platforms like Sei are becoming more important, positioning SEI as a promising token to watch in 2024.
Despite a decline in late 2023, with its market cap dropping from $2.8 billion to $1 billion, there is still optimism for a recovery. SEI is currently priced at $0.3662, and its market cap and supply show signs of stabilization.
In terms of performance, SEI has traded between $0.34 and $0.38, experiencing some volatility. Over the past month, the coin has gained 27.14%, including a rise of 23.45% in the last week. It is currently struggling to break through the $0.40 resistance level, but if it succeeds, it could climb to $0.50, offering a possible 51% return. On the downside, support at $0.20 provides some security.
A lot can happen in one week.
From new integrations and community initiatives to hitting consistent all-time highs in TVL and daily active users, the Sei ecosystem keeps getting stronger.
Here’s a recap of what went down. Alpha below 👇
Reminders:
🔴 New ATH in daily active… pic.twitter.com/WgqczVHhe7
— Sei 🔴💨 (@SeiNetwork) September 20, 2024
Key indicators, like the RSI at 48.79 and a neutral MACD, suggest mixed market sentiment. Known for its speed and expanding ecosystem, which includes play-to-earn and metaverse projects, Sei Network still offers a solid entry point for new investors despite being 75% down from its peak.
3. Mega Dice (DICE)
Mega Dice is gaining attention as one of the most talked-about upcoming presale projects in the crypto community. Focused on transforming the GambleFi industry, Mega Dice combines traditional casino gaming with blockchain technology. The platform offers over 4,000 games and a user-friendly interface that appeals to gamers and crypto investors.
The project’s growing visibility, thanks to mentions in major publications and websites, has set the stage for a potentially strong launch. Mega Dice’s unique gamification strategy not only rewards existing users but also attracts new players. With over $1.8 million raised during its presale, it’s clear that investors are excited about the platform’s potential.
Moreover, the Mega Dice presale offers early investors a chance to enter the market at a competitive price of $0.116056. This low entry point has sparked even more interest, making it accessible to many investors. As the presale nears its conclusion, the project is expected to gain even more exposure through promotion by key opinion leaders (KOLs).
$DICE Launch on Raydium 🚀
We’re excited to share that $DICE will officially launch on Raydium DEX on September 30th at 15h00 CET! 🎉
Get ready for the next big step in #GameFi on #Solana as we bring you unparalleled opportunities and exciting rewards, including exclusive… pic.twitter.com/qvAND54tbk
— Mega Dice Casino (@megadice) September 20, 2024
Looking ahead, Mega Dice has plans to expand beyond gaming by introducing futures trading with leverage up to 1000x. After the presale, additional airdrops are also expected when the DICE token is listed on decentralized exchanges (DEXs), further enhancing its appeal.
Join the Mega Dice Presale Today
4. Siacoin (SC)
Siacoin (SC) has seen a notable price increase of 4.52%, reaching $0.004791, marking solid short-term gains. As the native token of Sia, a decentralized cloud storage platform, Siacoin plays a key role in providing users with a cost-effective and secure alternative to major cloud providers like Amazon and Google.
Sia allows users to lease unused storage space, making it a more affordable option. The platform’s security is based on a proof-of-work consensus algorithm, where miners compete to add blocks to the blockchain. Files are split into 30 encrypted segments and stored across different hosts, improving redundancy and security. Smart contracts help manage agreements between users, ensuring safe and trustless transactions.
In terms of short-term performance, Siacoin shows high liquidity. Its market cap-to-volume ratio of 0.0604 highlights its strong presence in the market. The 14-day RSI stands at 43.26, indicating neutral conditions and the possibility of sideways trading. Siacoin has also had 53% positive trading days in the last month, showing consistent performance, and its 30-day volatility is low at 5%, indicating price stability.
🎉 The State of Sia, August 2024 is live! 🎉
August was a month of incredible progress for the Sia ecosystem. From core updates to exciting advancements in our Grants Program, the community is moving full steam ahead!
Check out the full article now! 👇https://t.co/garfiJ5Jh6
— Sia Foundation (@Sia__Foundation) September 11, 2024
Looking at the long-term picture, Siacoin is trading 37.78% below its 200-day simple moving average (SMA) of $0.007676. However, it has grown by 58% over the past year, outperforming 49% of the top 100 cryptocurrencies by market cap. Despite recent underperformance relative to its SMA, this reflects strong long-term growth potential.
5. Catizen (CATI)
Catizen (CATI) is a unique, AI-powered, cat-themed game altcoin that reached a major milestone by being listed on Binance, one of the largest cryptocurrency platforms. This achievement highlights the growing interest in combining gaming with blockchain technology.
On September 20, Binance surprised many by announcing that Catizen (CATI) would be added to its platform. This includes integrating features like Simple Earn, ‘Buy Crypto,’ Convert, Margin, and Auto-Invest, making CATI more accessible to a wider audience.
Some players were disappointed when the token allocation was reduced just before the event. Specifically, 9% of the supply was redirected to Binance Launchpool, which caused frustration among those feeling unfairly excluded from eligibility.
Despite these issues, Catizen has a strong user base, with over 39 million players and 18 million active monthly users. The successful token launch is expected to boost its community further and strengthen its position in blockchain gaming.
CATI First Day of Trading Stats! 🪙🪙
– #7 in 24h Volume – $1.14 B
– #1 trending on CMC @CoinMarketCap
– FDV in average – $1BMeow Earn Stake to Earn Features Stats!
– Participants 1.1M +
– CATI staked 15.4 MFeels good Catizens!😺#Catizen #CATI pic.twitter.com/WxVe1oNJIw
— Catizen (@CatizenAI) September 21, 2024
Launched in March and running on The Open Network (TON), Catizen allows players to manage a virtual city of cats and offers rewards in return. Originally developed by Telegram, TON is now maintained by independent developers, enhancing the game’s decentralized nature.
With Telegram’s wide reach, Catizen benefits from its decentralized transaction features. Popular Telegram games like Notcoin and TapSwap have also increased interest in Catizen. Following the Binance listing, CATI’s value surged, trading at $0.988 with a 9.5% increase in 24 hours. The altcoin even hit a new peak of $1.11, setting a record high.
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