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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 $61K, and Ethereum (ETH) is striving to reach $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. Rollbit Coin (RLB)
Rollbit is a popular crypto casino and sports betting platform. Launched in 2019, it offers a variety of options for gaming, sports betting, futures trading, and NFTs. Rollbit makes it easy to start with cryptocurrency trading and gaming, supporting many cryptocurrencies and not requiring KYC.
RLB is the native token for Rollbit’s casino and exchange, providing discounts and rewards for users who buy the coin. Last week, RLB’s price increased by 41%. This surge is due to a recent announcement that the casino would burn RLB tokens.
Token burns, where a project permanently destroys a portion of its token supply, can often lead to higher prices due to the scarcity created in the circulating supply. Over the past 24 hours, the RLB token increased by more than 8%, reaching a price of $0.08283. Additionally, the daily trading volume surged by 310.22% to 2.2 million. With these trends, the RLB token could be poised for significant growth.
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Rollbit Coin price predictions suggest that RLB could reach a minimum price of $0.1331, with a maximum potential of $0.1553 and an average trading price of around $0.1385. Despite the current bearish sentiment, the Fear & Greed Index is at 47 (Greed), indicating the token may experience sideways trading.
2. Ribbon Finance (RBN)
Ribbon employs financial engineering to design structured products that provide sustainable yields. Its first product focuses on achieving yield through automated options strategies. Additionally, the protocol enables developers to create various structured products by combining different DeFi derivatives.
Today, the RBN price is $0.5113, reflecting an increase of over 7.5% in the past 24 hours. The market cap has also risen by 7.37%, reaching $80,491,908. Meanwhile, the 24-hour trading volume has increased by 0.68%, totaling $1,510,148. Ribbon Finance is trading 136.32% above its 200-day simple moving average (SMA) of $0.21713. Despite these gains, the token has experienced only 12 green days in the past 30 days, which is 40% of the time.
The current sentiment for RBN price prediction is bullish, even though the Fear & Greed Index stands at 47 (Neutral). This indicates growing optimism about an upward trend.
RBN has strong fundamentals and is supported by a dedicated crypto community, which gives it the potential to achieve significant growth in the future. If the RBN project announces any collaborations with other networks, the maximum price of the RBN Coin could exceed $1 by 2024. If the overall crypto market trend remains positive, we expect the average price of RBN Coin to be around $1.87 by 2024. However, if the crypto market declines, the minimum value of RBN Coin could drop to $1.05 in 2024.
3. Base Dawgz (DAWGZ)
Meme coin Base Dawgz ($DAWGZ) has navigated the market downturn successfully, raising over $2.2 million in less than a month since its launch. As the meme coin sector begins to recover, investors are on the lookout for the next leading contender, with new meme coins on the Base chain attracting their interest. They hope to find one that can match or even exceed the success of Brett ($BRETT), and Base Dawgz seems to be that contender.
The growing community and significant fundraising efforts of Base Dawgz have caught the attention of dedicated Solana meme coin fans. This has even caused concern among those supporting Dogwifhat ($WIF) tokens. Adding to their worry, the $DAWGZ presale is still ongoing. Initially priced at $0.00479, it has now risen to $0.005534.
Base Dawgz will be the next big success in the Base chain. Why? Because it is not limited to a single blockchain. Base Dawgz plans to operate across multiple chains. The $DAWGZ token will be minted on Base and, using Wormhole and Portal Bridge technology, can be claimed, stored, and traded on Ethereum, Solana, Binance Smart Chain, and Avalanche.
Being available on multiple chains provides greater liquidity, making it easier for traders to buy, sell, and trade, regardless of their wallet. This increased accessibility encourages more active trading and offers bigger opportunities for profits. However, investors must act quickly, as the chance to buy $DAWGZ at the current lower rate will end in less than two days.
4. Kaspa (KAS)
Over the past month, altcoins have experienced a sharp decline, with Bitcoin (BTC) prices falling to $60k. Despite the market volatility, Kaspa (KAS) has gone against the trend, showing a sustained increase. The recent rally pushed KAS to an all-time high (ATH) after a 20.77% surge in seven days.
At the time of writing, KAS traded at $0.1949, reflecting an 8.61% rise in the last 24 hours. Additionally, Kaspa has seen a 126.36% increase in trading volume, reaching $169.1 million. CoinMarketCap reports that the KAS market cap has risen 8.63% to $4.69 billion, surpassing ICP and PEPE. This continued growth has led crypto analysts to speculate about further gains.
Several factors contribute to this positive market sentiment. First, according to Mr. Kaspa, the KCA20 will be launched soon. Moreover, Marathon, the largest crypto-mining company, has started mining Kaspa. Official reports state that Marathon has mined 93 million KAS, valued at $16 million.
Kaspa reached an all-time high of $0.19 earlier this month, driven by positive market sentiment and investor confidence. Despite recent fluctuations, Kaspa has shown resilience and maintained an upward trend. Technical indicators such as the Moving Average and Relative Strength Index indicate bullish sentiments, with potential price targets of $0.2, $0.3, and possibly $0.5. If Kaspa continues on this path, significant gains could be seen in Q3.
Timing is crucial for capitalizing on Kaspa’s growth. During market bubbles, prices can spike dramatically before returning to the power law support line. This cyclical behavior suggests that while short-term volatility is expected, the long-term trend is upward. Investors who understand this cyclical pattern and the importance of the power law support line can find strategic entry and exit points in the market.
5. Flare (FLR)
Flare is an interoperability protocol that enhances communication between different blockchains. It allows developers of decentralized applications (dApps) to access off-chain data from other blockchains and the wider web. This feature lets developers integrate real-world data into their dApps, creating more engaging experiences and new ways to make money.
Flare’s price is $0.02438, rising by 2.03% in the last 24 hours. The market sentiment for the token is bullish. Additionally, Flare recently announced a significant upgrade to its Flare Time Series Oracle (FTSO). This upgrade, which has strong community support, is progressing well and is expected to enhance data transmission on both the Songbird and Flare networks.
The FTSO upgrade aims to offer up to 1000 data feeds, updated every one to two seconds, for dApps. This will provide developers with quicker and more abundant data, fostering innovation and improving functionality on the network.
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Moreover, the Flare Foundation has introduced a framework to distribute an initial 510 million FLR from a 20 billion incentive pool. This initiative seeks to attract developers and support liquidity on the Flare Network by encouraging community participation in various ecosystem dApps.
The outlook for Flare is promising, with predictions indicating that FLR could reach $0.0619 by the end of the year. This optimism is due to Flare’s interoperability features, low transaction costs, and expanding ecosystem. By connecting various networks, Flare can support new decentralized finance (DeFi) applications and increase the use of digital assets.
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