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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 $67K, and Ethereum (ETH) is striving to approach $3,500, 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. BOOK OF MEME (BOME)
BOOK OF MEME is a new token on the Solana blockchain designed to preserve memes for future generations. BOME aims to create a lasting archive where memes like Bad Luck Brian are never forgotten. It uses Arwave and IPFS for decentralized, long-lasting storage.
BOME has seen an impressive increase of over 3000% from its lowest to highest value. This growth highlights the project’s potential. It is not just about nostalgia; it focuses on creating a decentralized meme culture. With its unique purpose, reliable storage solutions, and growing community, BOME remains a promising option, even if the biggest gains have already occurred.
Last Saturday, the crypto market experienced a slight increase. Bitcoin rose by almost 1%. Meme cryptocurrencies, including BOOK OF MEME, also saw positive momentum. BOOK OF MEME broke a key resistance level and reclaimed crucial daily EMAs, supporting further rallies.
In the past three weeks, BOOK OF MEME has shown significant recovery. Its price bounced from $0.0063 to $0.009253. Today, the market cap has reached $638 million. If the buying trend continues, BOOK OF MEME could rise by another 15% before facing the upper limit of the falling wedge pattern.
2. MANTRA (OM)
MANTRA (OM) has experienced significant growth, and bulls may be gaining momentum. Its price has surged over the past six months and increased by more than 3% in the last 24 hours. Despite facing resistance at $1.37, a breakthrough could push it to $1.70. The near-term support is at $0.69. With a one-month price increase of over 80%, OM shows potential for further gains. The current RSI suggests it is not overbought, indicating potential for more upward movement.
MANTRA (OM) is a community-governed DeFi platform offering staking, lending, and governance. It aims to create a comprehensive DeFi ecosystem by empowering its community through decentralized governance. Its focus on community-driven development and diverse financial services makes it an appealing option for investors.
🔥 MANTRA Incubator Project Showcase: Introducing @MansaFinance_co
✅ Mansa is a real world asset (#RWA) DeFi protocol that generates yield across trade finance and cross-border payments in emerging markets.
🔐 MANTRA's secure, scalable infrastructure and expertise in… pic.twitter.com/fOapSLsce5
— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 25, 2024
MANTRA (OM) trades between $1.17 and $1.52, presenting a mixed outlook. Bears have a slight advantage with a small dip over the past week. However, the 60.19% surge this month and the impressive 4894.85% rise over one year suggest bullish potential. Key resistance levels are $1.64 and $1.99, while support levels are $0.93 and $0.58.
The RSI at 47.02 indicates it is neither overbought nor oversold. Moving averages suggest some caution, with short-term trader sentiment leaning towards cautious optimism. Bulls need to break the $1.64 level to gain momentum.
3. Base Dawgz (DAWGZ)
The presale for the new meme coin, Base Dawgz ($DAWGZ), has achieved another significant milestone, raising $2.7 million in its latest round. Base Dawgz aims to be the leading token on Base Chain, an Ethereum Layer 2 platform recently gaining widespread popularity. In this presale stage, the native token $DAWGZ is priced at $0.006725.
Base Dawgz, as part of the expanding Base parent chain, has also entered the political sphere. The Layer 2 platform has begun accepting on-chain donations, with reports indicating that 13 U.S. politicians have already signed up to receive crypto donations. Before Base expands into politics and increases its lineup of meme coins, prioritizing a Shiba Inu-themed coin in the top five should be a focus, and Base Dawgz could fulfill this role.
We pushing for 3M this week $DAWGZ? pic.twitter.com/FDXspxqcis
— Base Dawgz (@BaseDawgz) July 28, 2024
Additionally, Base Dawgz aims to extend its reach across multiple blockchains using Wormhole and Portal Bridge technology. This innovation allows Base Dawgz to move between Base, Ethereum, Solana, Avalanche, or BSC, accessing more liquidity and potentially driving its price higher.
Take advantage of the opportunity to join the Base Dawgz presale and secure your $DAWGZ tokens. Visit the Base Dawgz website, connect your wallet, and purchase $DAWGZ using Base (ETH, USDC), ETH (ETH/USDT), SOL, BSC (BNB/USDT), or AVAX. You can also stake your tokens for substantial rewards, offering an impressive 1,146% APY.
4. FTX Token (FTT)
FTX, a centralized cryptocurrency exchange, was founded by Sam Bankman-Fried in 2019. It received backing from major trading firms such as Almeda Research, OTPP, Temasek, BlackRock, Coinbase Ventures, and Sequoia Capital. By 2022, FTX had over a million registered users, with daily trading volumes reaching billions.
In November 2022, FTX collapsed, causing the value of the FTT token to fall sharply. It dropped from $25.43 in October 2022 to $1.62 in November 2022. Since then, the FTT token has experienced significant fluctuations but remains far from its previous high. To address its financial obligations, FTX created a repayment plan. This plan involves using a portion of reserved FTT tokens to compensate affected users. The goal is to restore trust and maintain FTX’s reputation as a reliable trading platform.
Currently, FTT is priced at $1.42, reflecting a 2.29% increase in the last 24 hours. The market cap has also risen by 2.29%, now at $468,534,454. Despite neutral price predictions, the Fear & Greed Index is 71 (Greed), indicating a rise in token transactions and growing optimism for an uptrend.
Captain Faibik, a notable analyst on X, recently shared a bullish outlook for the FTX Token (FTT). He anticipates a midterm rally of +180%, setting a target price of $4. Based on the FTT/USDT daily chart, this analysis offers insight into potential market movements and investment opportunities. The price has formed consistent lower highs and lower lows, indicating a bearish trend. The price is around $1.4, close to the channel’s lower boundary. This level has repeatedly acted as strong support, preventing further declines.
5. Orca (ORCA)
Orca (ORCA) focuses on providing decentralized exchange (DEX) solutions. It offers users a simple and efficient platform for trading tokens. As the demand for decentralized trading solutions grows, Orca’s role in enabling smooth transactions could increase its long-term value. Recently, ORCA expanded by 62.3%, rising from a low of $1.50 to $2.80, making it one of the top gainers last week.
In the past 24 hours, ORCA’s price and market cap have increased by over 6%. Additionally, more than 11% of the tokens were traded in a single day last week, reflecting heightened activity. Despite this, ORCA has not reached its previous bull cycle trading volumes, with recent daily trades at just $15 million. Though still a relatively small Solana DEX, ORCA benefits from increased trading. The Orca DEX holds under $300 million in value locked but also receives inflows from the Jupiter DEX aggregator.
📢 Orca Treasury Report #6
The first half of 2024 has flown by with significant updates from Orca and the Solana ecosystem. We're excited to share key figures and notable updates for Q2 2024 (April 1 - June 30, 2024).
Everything you need to know 👇 🧵 pic.twitter.com/ZQ5RurpsF7
— Orca ☀️ (@orca_so) July 26, 2024
On July 19th and 20th, ORCA’s price surged by 84.22%, from $1.49 to $2.745. Investors are now showing more interest in the asset as it has broken out of its downtrend. Alongside the token rally, Orca’s activity increased by 16% in the past week. Orca is the fourth most active DEX, following Uniswap, Raydium, and PancakeSwap. ORCA reflects the general trend in DEX tokens and represents a smaller exchange with growth potential. Unlike most DEX tokens that focus on the Ethereum ecosystem, ORCA is a single-chain DEX, highlighting Solana’s platform growth.
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