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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 capitalise 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. Sun Token (SUN)
The current price of SUN stands at $0.018, marking a 3.27% rise in the past 24 hours. Its market cap has also increased by the same percentage, reaching $179.16 million. Furthermore, the 24-hour trading volume has surged by 55.36%, hitting $121,730. SUN is now trading 118.73% above its 200-day simple moving average (SMA) of $0.008192.
While the price prediction sentiment for SUN is neutral, the Fear & Greed Index shows a level of 37, indicating fear in the market. However, the recent increase in price and trading volume suggests a growing interest in the token, hinting at a possible uptrend.
SUN.io, TRON’s first all-in-one platform, supports stablecoin swaps, token mining, and self-governance. The SUN token offers holders voting rights, governance, value capture, and staking rewards.
🚀 Exciting News! We’re launching the SunPump PumpStars Program and we want YOU to join us!
Become a key player in shaping the future of the #meme ecosystem on #TRON.
🛠 PumpStar Responsibilities:
• Spread the word about #SunPump on X
• Host and participate in online events… pic.twitter.com/72Z9M9AMSg— SunPump (@sunpumpmeme) October 3, 2024
With solid fundamentals and support from the crypto community, SUN could see significant growth. If the project secures collaborations with other networks, its price could surpass $0.1 by 2024. If the bullish trend in the crypto market continues, the average price might reach $1 by 2025. However, if the market turns bearish, the price could drop to a minimum of $0.008 in 2024.
2. SPX6900 (SPX)
According to GeckoTerminal data, SPX6900 remained in a consolidation phase throughout September, trading around $0.034 near its 200-day Simple Moving Average (SMA). After this period of stability, marked by a yellow box, the price surged, signalling a strong bullish breakout. The current price movement is parabolic, showing rapid growth.
SPX6900 is now trading above both its 50-day and 200-day SMAs, confirming its bullish trend. The Moving Average Convergence Divergence (MACD) is also rising above the neutral line, further indicating positive momentum for the price.
If this bullish trend continues, SPX6900 could reach a target of $0.233. However, the Relative Strength Index (RSI) has dropped from the overbought level of 70 and is now at 66. This could suggest that sellers may step in, potentially leading to a price drop. If the selling pressure increases, SPX6900 might fall to the 50-day SMA at $0.079, which could act as support.
3. Mega Dice (DICE)
Mega Dice ($DICE) made its debut on the decentralised exchange Raydium this Monday after successfully raising over $1.9 million during its presale. As one of Solana’s top GameFi projects, Mega Dice introduced the $DICE token, which offers users lower transaction fees and various utilities. These include cashback, enhanced gameplay, and exclusive NFTs, with plans for future features like futures trading.
To support the launch, the project burned 128 million $DICE tokens and rolled out version two of its staking platform. Staking V2 offers an impressive 2,368% APY for fixed-term staking pools of 30 and 90 days, along with extra rewards for early participants.
These initiatives are aimed at helping the $DICE price recover from its initial selloff, as early investors looking for quick profits have already sold. With the exchange listing and the team’s focus on providing value to both players and token holders, Mega Dice is positioning itself as a strong contender in the GameFi space, competing with major players like Rollbit.
🚀 Missed the memo? $DICE is officially live on Raydium DEX!
🔹 Trade now and get in on the action: https://t.co/CgtR4Oyu9d
📲 Solana CA: Dice3uJ6AY63bKRHk5Mn24qdNLhBZJFJbaeDsTQrzB
🔒 Always use links from our official posts, website, or Telegram for your safety. pic.twitter.com/atz4dDScOJ
— Mega Dice Casino (@megadice) October 2, 2024
As with any token listing, some investors quickly took profits, causing $DICE to lose around 70% of its value in the first 24 hours, according to DEXTools. However, the project burned 128 million $DICE tokens and 45,000 liquidity provider tokens, reducing the overall supply and potentially increasing the value of the remaining tokens. These moves are expected to support the long-term growth of the project.
4. UMA (UMA)
UMA is showing strong momentum, making it a notable performer in the market. In the past 24 hours, its price has risen by 1.58%, reaching $2.89. This growth is supported by high liquidity, with a volume-to-market cap ratio of 0.913, signalling active interest and trading.
The 14-day RSI for UMA is at 58.11, suggesting a balanced market sentiment. This indicates that while the coin is not overbought, it may continue to trade steadily for now. With 18 green days in the past 30, UMA has shown a 60% success rate in positive price movement, adding to its credibility.
UMA stands out in the DeFi space due to its utility. Its protocol allows users to create synthetic assets and financial contracts easily. As decentralized finance continues to grow, this feature is becoming even more valuable. Running on the Ethereum blockchain, UMA offers permissionless access to its financial tools, making it accessible to users worldwide and driving adoption.
How UMA's Optimistic Oracle Secures Prediction Markets 🧵 📝
The Optimistic Oracle plays a crucial role in securing and resolving prediction markets, like @Polymarket.
Decentralized prediction markets face the hard problems of getting the outcomes of real-world events onchain… pic.twitter.com/0R5M5kYQk1
— UMA 🥚 (@UMAprotocol) September 26, 2024
Looking ahead, UMA’s long-term performance is impressive. It is currently trading 68.22% above its 200-day simple moving average, showing sustained growth. Its price has surged by 113% in the past year, outpacing 62% of the top 100 crypto assets. With its unique protocol, increasing adoption, and strong market traction, UMA is quickly becoming a key player in the DeFi space.
5. Stacks (STX)
Stacks (STX), a cryptocurrency connected to the Bitcoin system, has seen a 7.36% price increase in the last 24 hours, bringing its value to $1.77. With a market cap of over $2.6 billion, STX has now entered the top 35 cryptocurrencies by market capitalization. However, there has been a slight decrease in trading volume, down by 4.04%, with a 24-hour volume of $177.16 million.
Crypto analyst Altcoin Sherpa has given a positive outlook for STX. The chart shows a consolidation pattern, suggesting the asset is in an accumulation phase. This is when buyers gather positions, waiting for a breakout. The accumulation range between $1.25 and $1.60 could act as a base for future price increases.
Volume data shows steady trading activity, although there has been a slight dip, indicating that the market may be waiting for stronger movements. The Volume Profile Visible Range (VRVP) highlights significant buying interest within the $1.25 to $1.60 range, further supporting the idea of an accumulation phase.
sBTC will mark a new era for Bitcoin Decentralized Finance 🟧
It will unlock innovative DeFi use cases like BTC lending, swapping, and yield.
Check out what Bitcoin DeFi builders are saying about sBTC's impact on the Bitcoin economy. 🧵⬇️ 1/6 pic.twitter.com/5nc3jYD8Fr
— stacks.btc (@Stacks) October 2, 2024
In addition, the Stacks community is preparing for the Nakamoto upgrade on October 19. This update will enhance Bitcoin’s decentralized finance (DeFi) capabilities, including the launch of a Bitcoin-pegged token called SBDC and faster transaction speeds. The increasing number of smart contracts on Stacks also signals growing interest in Bitcoin-based DeFi.
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