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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. Arkham (ARKM)
Arkham (ARKM) is showing impressive performance, hitting a high of $1.51, its best since July 19. The token has gained popularity due to the rich data available on its ecosystem. Its price rebounded after forming a double-bottom pattern on the daily chart, a strong bullish indicator in technical analysis. Breaking above the $1.40 neckline suggests there could be further growth ahead.
Arkham is a blockchain analysis platform that uses artificial intelligence (AI) to identify individuals behind blockchain and on-chain data. It offers two main features: the Analytics Platform and the Intel Exchange. The Analytics Platform provides insights into entities like exchanges, funds, whales, and tokens. Meanwhile, the Intel Exchange lets users buy and sell address labels and other intelligence through bounties, auctions, or the DATA Program.
ARKM’s price increased by 8.61% over the past 24 hours. The 14-day Relative Strength Index (RSI) stands at 59.20, indicating a neutral position, which may lead to sideways trading. However, the ARKM price sentiment remains positive, with the Fear & Greed Index at 54 (Neutral), suggesting more transactions and optimism for an uptrend.
BREAKING: ONE OF THE LARGEST PUBLIC BTC MINERS NOW ON ARKHAM
Core Scientific has mined over $710M of Bitcoin since the start of 2023 and is the second-largest publicly traded Bitcoin miner in the world.
We’ve tagged over 1,250 Core Scientific Bitcoin addresses used for mining,… pic.twitter.com/Q0NMvY3UV3
— Arkham (@ArkhamIntel) September 20, 2024
Unlike many platforms that focus on specific chains or limited data, Arkham sets itself apart by offering broad blockchain coverage. It gathers data from various blockchains using its AI system, ULTRA, giving users a comprehensive view of the crypto ecosystem.
With strong fundamentals and a supportive crypto community, ARKM has significant growth potential. If the bullish trend in the crypto market continues, ARKM could be one of the next tokens to rise.
2. JasmyCoin (JASMY)
As we move into Q4, bullish sentiment is growing rapidly, driven by patterns like inverse head and shoulders, golden crosses, and the completion of cup and handle formations. Among the cryptocurrencies catching attention is Jasmy (JASMY), often called the “Bitcoin of Japan.” Analysts expect JASMY to make significant gains in the ongoing bull run. Earlier this year, in January 2024, JASMY outpaced Bitcoin by over 474%. If Bitcoin surges to its next target, JASMY’s price could rise by 1,140%, reaching a price target of $2.785.
Recently, JASMY broke free from a descending wedge pattern on the 1-day chart, a move that many analysts had predicted. This breakout occurred around the $0.01979 level, leading to upward momentum. However, traders remained cautious, waiting for a daily close above $0.02150, as a previous breakout attempt on September 14th was a false start.
Today, JASMY has confirmed its breakout and is trading at $0.02303. The token is poised for a potential bullish rally with this new support level. On the daily chart, the next key resistance levels are at $0.02353 and $0.03186, offering a possible 44% upside from the current price. If JASMY continues on this upward trend, it could signal the start of a more substantial market move.
Jasmy aims to connect service providers and data users while protecting data sovereignty. By combining IoT with blockchain technology, Jasmy allows users to control their data. Its mission is to create a secure and user-friendly data environment, facilitating data transfer between IoT devices without trust concerns. The platform relies on edge computing and decentralized storage via IPFS, making JasmyCoin a project to watch, especially during a promising altcoin season.
3. Mega Dice (DICE)
Mega Dice is quickly becoming one of the most talked-about projects in the crypto world. It aims to transform the GambleFi industry by combining traditional casino games with blockchain technology. The platform offers over 4,000 games and an easy-to-use interface, attracting gamers and crypto investors.
The project is gaining visibility through mentions in major publications, setting the stage for a strong launch. Mega Dice’s gamification strategy not only rewards its current users but also brings in new players. With over $1.8 million raised in its presale, it’s clear that investors are excited about its potential.
Moreover, the Mega Dice presale allows early investors to buy in at a competitive price of $0.116056. This low entry point has drawn even more interest, making it accessible to many investors. As the presale wraps up, the project is expected to gain even more attention from key opinion leaders (KOLs).
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— Mega Dice Casino (@megadice) September 24, 2024
Looking ahead, Mega Dice plans to expand beyond gaming by introducing futures trading with leverage up to 1000x. Additional airdrops are also expected after the DICE token is listed on decentralized exchanges (DEXs), further increasing its appeal.
4. Ronin (RON)
Ronin is a blockchain network designed by Sky Mavis, the creators of Axie Infinity, to improve the blockchain gaming experience. Built to address issues like high fees and slow speeds on Ethereum, Ronin enhances Axie Infinity’s gameplay and aims to be a leading player in the Web3 gaming space.
Ronin can handle up to 100,000 transactions per second, making it much faster than many traditional blockchains. Its switch from a Proof of Authority (PoA) to a Delegated Proof of Stake (DPoS) consensus system improves speed and security, ensuring a smooth gaming experience for users.
The Ronin Network has seen significant growth, with its native token, RON, becoming one of the top gainers among major cryptocurrencies. RON is trading at around $1.79, reflecting a 7.14% rise in the last 24 hours and a 21.79% increase over the past week.
1/ Seven New Games, Forging on Ronin
Welcome to Ronin, builders ⚔️
In June, we opened applications to Ronin Forge — a gateway for studios to build on Ronin.
Today, we’re excited to welcome seven Ronin Forge builders!
Here are the studios joining our movement 🧵👇 pic.twitter.com/E1S8KxpU5j
— Ronin (@Ronin_Network) September 19, 2024
RON’s all-time high was $4.46 on March 26, 2024, while its lowest price was $0.00004011 on March 13, 2020. After its peak, the token’s lowest value was $1.54779, with a high of $2.16.
The recent price surge is linked to RON’s integration with Coins.PH, a Filipino crypto exchange, added PHPC liquidity to the Ronin blockchain. The Philippines is a key market for Axie Infinity and Ronin, making this integration particularly impactful.
5. Internet Computer (ICP)
Internet Computer (ICP) is a blockchain network developed by the DFINITY Foundation to transform the Internet into a global, decentralized computer. It allows the Internet to host backend software, making it possible to run decentralized applications (dApps) securely and scalable. ICP uses advanced cryptography and cutting-edge technology to support these functions efficiently.
As more developers build on the platform, the demand for ICP tokens is expected to grow. This, combined with the network’s innovative technology, suggests a promising future for ICP’s price.
Currently, ICP is trading at $9.10, showing an 8.13% increase in intraday trading. This performance is strong compared to its early token sale price. The token also shows high liquidity relative to its market capitalization.
AI will be at the ❤️ of everything.
AI onchain will be immune to cyber attacks, resilient, and privacy preserving. #ICP makes it possible to bring Al onchain, addressing critical issues like security, transparency, and reliability.@dominic_w and @michaelterpin explore this… pic.twitter.com/zN765ghw7M
— DFINITY (@dfinity) September 23, 2024
A recent price analysis for ICP on September 24 reflects a bullish trend, with the price moving above $9. Increased buying activity helped push the price past previous resistance levels, indicating growing market confidence. If this momentum continues, ICP may see further gains, although short-term corrections are possible. With the price stabilizing above $8.50, the upward trend could continue.
Overall, ICP’s price movement shows steady growth and increased market interest. While it has faced volatility, the current trend points to a potential recovery phase. However, investors should stay cautious, as higher-level resistance could slow progress depending on broader market conditions.
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