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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. Near Protocol (NEAR)
NEAR Protocol is gaining attention for its easy-to-use approach to blockchain. Focusing on scalability and interoperability, NEAR aims to make blockchain accessible to everyone. Its unique sharding technology allows for high throughput and low transaction costs, which appeals to developers and businesses. As blockchain adoption grows, NEAR could see significant growth in 2024.
NEAR has increased its Daily Active Users (DAU) despite hosting a few dApps with over a $4 billion market cap and a scalability-focused protocol. The price movement from $4.02 to $4.86 shows that NEAR is stable in the market. If DAUs and network activity keep rising, this could lead to a price surge, although the relationship between DAUs and market cap is complex.
Today, August 25, NEAR’s price has risen past the $5.00 resistance level. The sentiment within the NEAR community is cautiously optimistic. Stakeholders are closely watching its progress and evolution. As NEAR advances its technology and builds strategic partnerships, questions about its price potential continue to arise, prompting further analysis of its prospects.
Say gm to the largest technological step toward NEAR's vision.
Say gm to stateless validation.
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NEAR Protocol's novel sharding design has been successfully upgraded and is live on Mainnet. pic.twitter.com/GHEbZz0zSE
— NEAR Protocol (@NEARProtocol) August 22, 2024
Traders should expect NEAR to continue its bullish rally, though there might be a brief pause around the $5.00 mark. The closest support levels are at $4.50 and $4.20, while NEAR struggles to establish a solid position above $5.00. At the start of 2024, cryptocurrency prices recovered, but recent events have shown that bears now control price dynamics, slowing growth. Experts predict NEAR could reach a maximum price of $10.28, with an average of $9.30, by 2025.
2. Klaytn (KLAY)
Klaytn is showing signs of a strong comeback after three years since its all-time high of $4.34. Over the past seven days, Klaytn has gained 16.33%, and in the last month, it has seen a 27.53% increase. This suggests growing investor confidence. Currently, Klaytn is trading at $0.1741, with an additional intra-day surge of over 1%.
The KLAY/USD daily chart shows Klaytn trading above its 50-day and 100-day EMAs, indicating strong bullish momentum. The MACD and Momentum Indicator signal a buy, which adds to the positive outlook. For Klaytn to maintain this momentum, it must break through the nearest resistance at $0.1796 and aim for the $0.2 mark in the coming weeks.
Since its launch in June 2019, Klaytn has been pushing for the mass adoption of blockchain technology across various sectors, including DeFi, real-world assets, entertainment, gaming, and even the Bank of Korea’s CBDC pilot project. Today, it stands as one of the few globally competitive Web 3.0 ecosystems from South Korea, with over 1 billion transactions across more than 300 decentralized applications.
With strong fundamentals and the backing of a dedicated crypto community, KLAY has the potential for significant growth in the future. If the bullish trend continues, KLAY’s average price could reach $1.5. However, if the market turns bearish, the cost could drop to as low as $0.08 in 2024.
3. Mega Dice (DICE)
The Mega Dice ($DICE) presale has gained significant traction, raising over $1.7 million in its ICO as investors rally behind this well-known name in online betting. Mega Dice’s growing impact in crypto gaming is clear, with an average player base exceeding 50,000, wagering over $50 million monthly.
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— Mega Dice Casino (@megadice) August 24, 2024
The $DICE token, currently in presale, recently added staking as a new feature. This likely explains the surge of new investors purchasing $DICE with substantial capital. In addition to earning rewards, cashback, and exclusive promotions, $DICE holders can now earn passive income through staking. This feature allows investors to benefit directly from the profits generated by Mega Dice’s online casino operations.
Investors eager to join in can secure $DICE at its discounted ICO price of $0.105266. With strong presale interest, the 35% presale allocation (147 million tokens) of the total 420 million supply is being quickly bought up. This current price may be the lowest available before $DICE becomes harder to obtain.
In less than 10 days, the price of $DICE is set to increase as the current presale stage concludes. Joining the airdrop is straightforward—just register and log in to the Mega Dice website, meet the wagering requirements, and watch your airdrop grow as you continue to wager. For those seeking a 15% bonus, $DICE tokens can be purchased by visiting the $DICE token presale page, where $USDT, $ETH, $BNB, or $SOL can be exchanged for $DICE.
4. Render Token (RENDER)
Render Token (RENDER) has fluctuating prices, but analysts remain optimistic about its potential rise in the coming months. Its position in the digital rendering space hints at future growth. Analysts see it as a potentially profitable investment based on current trends and growing confidence in RNDR.
Render Token powers The Render Network, offering advanced GPU-based rendering solutions. It allows creators to access a large pool of GPU resources, speeding up rendering tasks and reducing costs. Node operators can share their surplus GPU capacity and earn tokens in return, which supports the creation of animations and visual effects.
Render’s decentralized network approach enhances efficiency and accessibility. This makes investing in Render Token attractive, as it plays a crucial role in a growing tech sector. Benefits include broader access to powerful graphics rendering, which supports innovation in digital media and could increase demand for the token.
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— The Render Network (@rendernetwork) August 19, 2024
Despite recent choppy trading conditions and a downturn in the AI sector, which has left Render holders down over 57% in the last three months, the token’s utility suggests strong future performance, especially in a market rally. If Render can surpass the $7 mark, it could trigger profit-taking and continue its ascent toward new yearly highs in the coming months.
5. ArcBlock (ABT)
Arcblock’s native token, ABT, is experiencing a strong rally driven by increasing bullish pressure. The token is now priced at $1.80, reflecting a 12.67% increase in the last 24 hours. Over the past week, according to CoinMarketCap, ABT’s price has surged by 36.49%.
Arcblock is built on the Ethereum blockchain and operates as an ERC-20 token. The platform simplifies the creation and deployment of decentralized applications (DApps), positioning itself as a comprehensive blockchain 3.0 product. It aims to make building, deploying, and managing applications easier for developers.
Experts analyzing ABT’s daily price movements see potential for short- to mid-term rallies. Key momentum indicators are above their respective center lines, showing significant buying interest. For example, the 14-day Relative Strength Index (RSI) for ABT is at 46.41, indicating a neutral stance in the market.
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— ArcBlock (@ArcBlock_io) August 18, 2024
These indicators suggest that more participants are interested in accumulating ABT rather than selling it. If the bullish trend continues, ABT’s price could rise to $4.50, potentially reaching $4.60. If this momentum persists, the price might even test the upper resistance level of $2.00 by the end of the month.
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