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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 approach $3,000, creating mixed sentiments among investors.
Identifying the next cryptocurrencies to explode might take 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. Fantom (FTM)
Fantom’s price has recently risen above $0.40, even with the market facing a downturn. In the last 24 hours, the price surged by 16.41%, reaching $0.458095. The trading volume for the day was $751.03 million, and its market cap stands at $1.28 billion, giving Fantom a market dominance of 0.06%.
The recent price increase shows growing investor confidence and more market activity. Earlier in August, Fantom’s value dropped sharply due to a broader market decline, reducing open interest contracts to $47 million. However, within a week, open interest contracts grew by 50%, reaching $75 million. This rise suggests increased liquidity and renewed interest in Fantom.
Moreover, Fantom’s transaction volume jumped from $50 million to $200 million in the same week. This sharp rise indicates that more traders and investors are participating in the market.
Fantom’s price increased by 127% over the past year, putting it ahead of 69% of the top 100 crypto assets. Although Fantom is still 87% below its all-time high, its market cap and a low yearly inflation rate of 0.05% position it well for future growth.
2. Tectum (TET)
Tectum is a decentralized and open-source cryptocurrency designed to offer a fast, low-cost, and privacy-focused platform. As a third-generation Layer 1 blockchain, it boasts an impressive transaction processing speed of 3.5 million transactions per second. This capability enables Tectum to effectively address the scalability challenges associated with Bitcoin payments, making it one of the fastest blockchains in the world.
Tectum’s price increased by 30.70% in the past 24 hours and 65.11% over the past week. The current sentiment for Tectum Token (TET) is bullish, even though the Fear & Greed Index is at 39 (Fear). However, the 30.70% price rise and a 55% increase in 24-hour trading volume suggest that TET is on an upward trend.
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Furthermore, Tectum is expected to grow significantly by 2025, with average prices projected to reach $37 and peak at $44. This growth can be attributed to a favorable regulatory environment and the increasing global adoption of cryptocurrencies. Additionally, the approval of Bitcoin ETFs and greater regulatory compliance among major centralized exchanges will likely contribute to this positive price movement.
3. Base Dawgz (DAWGZ)
Base Dawgz ($DAWGZ) started August with strong momentum, raising over $2.9 million in presale funds. This success is closely tied to the growth of its parent chain, Base, which saw a 56% increase in July. As Base expands, the Shiba Inu-themed meme coin is gaining more attention. The presale price of $0.008173 per $DAWGZ token will rise in less than four days.
Base Dawgz also offers a Share-to-Earn system that rewards the community for creating and sharing content, such as memes, to earn additional $DAWGZ tokens. Moreover, its multi-chain capabilities and a staking option with an impressive 809% APY are attracting interest. Twenty percent of the token supply is set aside for staking rewards.
GM $DAWGZ and welcome to a new week!
We are so close to reaching $3M! Just a small push and we'll be there 🪂 pic.twitter.com/PS9UGfwhMb
— Base Dawgz (@BaseDawgz) August 19, 2024
The presale has allocated 20% of the supply, another 20% for liquidity, 15% for marketing, and 15% for $DAWGZ rewards. The final 10% will be used to secure listings on top platforms, making the token more accessible. The roadmap outlines ambitious plans, including decentralized exchange (DEX) listings and community rewards through an airdrop campaign to boost social engagement.
Base Dawgz is positioning itself as a standout presale opportunity for 2024, thanks to its staking rewards, multi-chain functionality, and community-driven incentives. To participate, 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, with a remarkable 1,146% APY.
Visit the Base Dawgz Presale Now
4. Fetch.ai (FET)
Expert analysis indicates that Fetch.ai is trading above the Ichimoku cloud, suggesting a potential bullish trend. Meanwhile, the leading span is also turning green, reinforcing this optimistic outlook. However, FET’s RSI is 62.81, indicating a neutral stance that might lead to sideways trading.
At the time of writing, Fetch.ai was selling at $1.02 per token, marking a 13.65% increase in the last 24 hours. Fetch.ai reached its highest price ($3.46) on March 28, 2024, and its lowest price ($0.007972) on March 13, 2020. Currently, Fetch.ai is trading 16.65% above its 200-day SMA of $0.869975.
The recent rise in Fetch.ai’s price is driven by factors like the growing influence of artificial intelligence (AI) in both traditional and cryptocurrency markets. Over the past year, Fetch.ai has performed exceptionally well, with its price surging by 421.59%. This impressive increase has outdone 89% of the top 100 crypto assets, including major cryptocurrencies like Bitcoin and Ethereum.
The Almanac Contract remains pivotal in the https://t.co/kJ9URVqmjT #network, ensuring all #agents are searchable and their interactions are verifiable on our blockchain.
🤿Dive deeper into how this enhances our ecosystem:https://t.co/B0zQ7mdI0f (1/4)
— Fetch.ai (@Fetch_ai) August 21, 2024
Another key factor behind FET’s strong performance is its collaboration with Ocean Protocol and SingularityNET to form the Artificial Superintelligence Alliance. This partnership will consolidate all tokens into a new universal AI cryptocurrency, the ASI token. The transition began with OCEAN and AGIX merging with FET, which will later be converted to ASI at a 1:1 ratio.
Fetch.ai’s 714% growth over the past year demonstrates its strong upward momentum. This increase reflects high investor confidence and a solid upward trend. As a result, we expect FET to reach even higher levels if the positive momentum continues.
5. RARI (RARI)
$RARI is an ERC-20 token that manages the RARI Foundation treasury and oversees the Rarible protocol and RARI Chain. Introduced in 2020, $RARI has a maximum supply of 25 million tokens. The RARI DAO is responsible for the RARI DAO treasury and developing the Rarible Protocol and RARI Chain ecosystem. This vision is realized through a robust governance framework that allows anyone to participate in decision-making by locking $RARI to vote.
$RARI has several functions within its ecosystem, including funding projects, governance, and trading. As a utility token, it is essential to the Rarible platform, allowing users to take part in the governance of the RARI DAO and the Rarible protocol.
The Rarible Protocol, an open-source infrastructure, supports the creation of various NFT applications. It improves the NFT marketplace by offering tools for marketplaces, wallets, analytics, and more. The RARI Chain, an Ethereum L3 chain, focuses on security and low-cost transactions, ensuring royalty payments at the node level to benefit creators.
Transaction fee reimbursement for RARI DAO delegates is in full swing 💸
You have until July 19th to submit your claim so we can cover your expenses from participating in RARI governance starting from October 14th, 2023 💫
Claim form: https://t.co/58kSTQEnHE
— RARI Foundation (@rarifoundation) June 24, 2024
In June, the NFT trading platform Rarible enabled access through Bitget Wallet. This feature provides users with seamless connectivity for creating and trading NFTs. It is available on mobile devices and browser plug-ins, allowing access to Rarible’s services on networks like Ethereum, Polygon, and Solana. Additionally, users can earn $RARI tokens as rewards for their trading activities.
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