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Cryptocurrency prices have been on the rise lately, and the overall feeling in the market is favorable. Recently, Bitcoin (BTC) has been hovering around $59K, and Ethereum (ETH) is striving to stabilize at $3,100, creating mixed sentiments among investors.
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 coins with some potential and inform investors and traders about each token.
Next Cryptocurrency To Explode
Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Base Dawgz, one of the newest memecoin launches on the Base Network. It features a distinctive multi-chain experience with smooth interoperability across various blockchains. The details of its presale and the performance of the top-performing cryptos today are shared below.
1. Jupiter (JUP)
Earlier this February, Jupiter surged to an impressive $2 following its successful launch and airdrop. However, it then stagnated and began to lose value. Now trading at $0.8107, Jupiter is far from its peak. Despite this decline, the price increased by 6.51% in the past 24 hours, and the daily trading volume rose by 56.17%, indicating potential renewed interest in the project.
Recently, Jupiter announced plans to form strategic partnerships with institutions to strengthen its perpetual marketplace. This move could significantly boost the altcoin’s price in the third quarter.
Jupiter (JUP) is a new cryptocurrency that provides secure and easy blockchain communication. Its technology enables users to send encrypted messages and share files safely. With a focus on privacy and data protection, Jupiter is attracting many investors. As awareness of the need for secure communication platforms grows, so does interest in JUP. Given its strong use case and increasing community support, Jupiter is becoming a promising option for altcoin investors.
Active Staking Rewards went live 6 days ago for the first time, and over 166K wallets have since claimed.
But, as always, the community had excellent feedback — and identified 2 key changes for next round later this year:
Too Much Dust
Roughly 148k wallets had less than 10 JUP…— Jupiter 🪐 (@JupiterExchange) July 12, 2024
Despite some recent price corrections, Jupiter’s growth potential remains strong. Currently trading between $0.52 and $0.98, it has shown a remarkable 2336% increase over the past six months, despite a recent 11.21% dip in the last month.
The nearest resistance levels are at $1.27 and $1.74, providing solid targets. If the bulls rally and break these levels, JUP could rise nearly 100% from its current range. With strong support at $0.34, Jupiter remains a coin to watch closely.
2. Aerodrome Finance (AERO)
Aerodrome Finance is becoming a significant player in the base ecosystem. The platform provides decentralized financial services, including lending, borrowing, and trading. Its variety of financial products and strong community support have driven its rapid growth. Aerodrome Finance will likely see increased adoption and usage as the base ecosystem continues gaining traction.
Recently, Nansen reported that Coinbase Ventures has invested strategically in Aerodrome’s (AERO) token. This move signifies a strong endorsement of the project’s potential. Coinbase Ventures has made significant market purchases of AERO tokens and continued to increase its holdings.
Coinbase Ventures recently acquired at least 4.7 million $AERO tokens, valued at approximately $2.7 million. This investment reflects Coinbase Ventures’ commitment to supporting promising projects in the blockchain industry.
Aerodrome is recognized for its key contributions to decentralized finance (DeFi). The $AERO token is essential to Aerodrome’s ecosystem, enabling secure and efficient transactions across various decentralized applications (dApps). This positions Aerodrome as a vital player in enhancing blockchain scalability and interoperability. The collaboration with Coinbase Ventures highlights a shared goal of advancing decentralized technologies and promoting growth within the Base ecosystem.
Following the news of Coinbase Ventures acquiring AERO tokens, the price of Aerodrome Finance surged, reaching a high of $0.7507 in the last 24 hours. This marks a notable increase of 26.28% over the past week and a significant rise of 20.67% in the most recent trading period.
In addition to the impressive price rally, AERO’s trading volume has surged by 263.13% in the past 24 hours. This increase indicates growing interest among traders despite the likelihood of profit-taking or market consolidation after the rapid price rise. Looking ahead, a breakout above the $0.65 resistance level could trigger another significant rally for AERO.
3. Base Dawgz (DAWGZ)
Base Dawgz is revolutionizing the crypto world with its innovative multi-chain strategy. This project spans Ethereum, Solana, Binance Smart Chain, and Avalanche, giving users unprecedented freedom in the decentralized space. By breaking blockchain barriers, Base Dawgz is creating a more interconnected and user-friendly crypto experience.
The project addresses a major issue in crypto: limited interoperability between blockchains. Base Dawgz uses advanced Web3 technologies like Wormhole and Portal Bridge to ensure seamless interactions across different ecosystems. This allows users to benefit from each blockchain without the usual hassles of switching between them.
Base Chain is the technological backbone of Base Dawgz, offering a robust foundation for its multi-chain functionality. This approach enables faster transactions, lower fees, and enhanced security across all supported blockchains. Users can enjoy a smooth and efficient experience regardless of their chain.
Potential investors have exciting news: Base Dawgz is launching a “Be Social for Airdrop” campaign. By engaging with their social media networks on X, users can earn $DAWGZ tokens. This unique opportunity allows early supporters to get involved and potentially earn significant rewards before the official launch.
Congrats on hitting $2.4M in the presale, my fellow $DAWGZ!
And massive props to those staking and stacking those sweet rewards! 💪 pic.twitter.com/biYklwo6wC
— Base Dawgz (@BaseDawgz) July 9, 2024
While specific partnerships are still being finalized, Base Dawgz’s multi-chain strategy opens up endless possibilities for collaboration. The project’s innovative technology and growing community make it an attractive partner for established blockchain projects and emerging DeFi platforms. Early investors could benefit significantly from these future partnerships and ecosystem expansions.
The ongoing presale has already raised an impressive $2,486,028, with $DAWGZ currently trading at $0.0061. This strong start indicates investor confidence and sets the stage for a successful launch. Early supporters have a unique chance to secure their position in what could be the next top meme coin in crypto.
4. Mog Coin (MOG)
Mog Coin (MOG) is currently on an uptrend, with a 29.24% increase in just one week and a 17.04% rise within 24 hours. Over the past two weeks, Mog Coin’s price surged by 149%, showing significant bullish momentum.
To attract more interest from crypto enthusiasts, Mog Coin needs to break a significant price barrier and surpass $40 million in trading volume. The sentiment is positive, and predictions suggest that Mog Coin could reach $0.000003 by Q4 2024.
Experts believe Mog Coin has the potential for 10x returns, making it a strong candidate among top altcoins. Unlike other memecoins that focus on complex promotions, Mog Coin emphasizes merchandise and fun. This strategy has been successful, with its market cap increasing from $200 million to $600 million shortly after its launch.
Mog Coin also remained stable during a memecoin downturn that saw other tokens drop by up to 90%. Analysts are watching to see if Mog Coin can maintain the excitement around its branded merchandise and increase its current 3x return.
MOG is leading the top gainers list with its goal to dominate the internet with the funniest and most mind-blowing memes. It aims to revolutionize the meme world with its passionate approach to viral content. MOG has outperformed many cryptocurrencies in the short term, trading 136% above its 200-day Exponential Moving Average (EMA) of $0.00000076, indicating strong bullish momentum.
5. Bittensor (TAO)
In the last 24 hours, Bittensor’s TAO has surged by over 7%, making it the top performer of the day. As July progresses, attention shifts to the AI industry, especially Bittensor. Recently, DCG Vice President Evan Malanga congratulated Masa, a decentralized AI network, on Twitter for launching their Bittensor subnet on the testnet.
Experts predict this success will draw over 1.5 million users to Masa and introduce the subnet’s first dual-token incentive structure. This development has boosted Bittensor’s native token, TAO, which rose 7.71% in the last 24 hours to $266.27. Over the past week, TAO has shown a bullish trend, increasing by 17.04%.
Masa’s dual-token incentive structure on the Bittensor network is noteworthy. This innovative approach aims to reward users and contributors more effectively, encouraging greater participation and engagement within the network.
Hello all,
Resuming normal operations of Bittensor
– In less than an hour, OTF will fully open the Bittensor mainnet. mainnet, as announced previously here: https://t.co/VWxmuJwZOL
– When the mainnet opens today, all the extrinsics will become available on the mainnet.…— Openτensor Foundaτion (@opentensor) July 12, 2024
Over the past year, Bittensor’s price has increased by 298.21%. However, it experienced a 16.26% loss in the past month, dropping from $268.8 to its current price. The coin’s all-time high is $757.60.
The coin’s trading volume has increased by over 85% in the past week. Additionally, the circulating supply has grown by 0.52% to over 7.02 million, about 33.41% of its maximum supply of 21 million. TAO ranks #45 in market cap, valued at $1.883 billion.
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