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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. THORChain (RUNE)
Today, THORChain’s native token, RUNE, trades at around $4.13, a 4.00% increase in the last 24 hours. This places RUNE among the top five gainers on CoinMarketCap today. Despite facing hacking incidents two years ago, THORChain is showing potential to become a leading DeFi project.
THORChain’s liquidity fees recently surged by 71%, breaking a four-month consolidation period. This growth was driven by a recent increase in Layer 1 (L1) swap fees. Last week, liquidity fees rose above $500k, reaching $744.8k, indicating a significant breakout.
This increase is notable, especially since it occurred during the first full week after the protocol raised its minimum L1 swap fee to 0.15%. Despite the higher costs, user activity remained strong, with an average daily volume of $30.8 million. This resilience highlights the value users find in THORChain’s services.
Looking ahead to 2024, RUNE’s price is predicted to reach a maximum of $6.12, nearly 50% higher than its current value. The minimum expected cost is $5.42, with an average trading price around $5.66. By 2025, RUNE’s price could rise to a high of $9.68, with a low of $7.92 and an average of $8.14.
2. Pendle (PENDLE)
Pendle (PENDLE) is making waves in the DeFi space by allowing future yield trading. This innovative approach helps users maximize returns through advanced smart contracts and smooth integration with other DeFi platforms. Recent updates to Pendle’s smart contracts and new strategic partnerships highlight its growth and commitment to innovation.
On August 28, the PENDLE/USDT 1-day chart showed the price at $3.34, a gain of 0.64%. The Bollinger Bands suggest potential volatility, with the price touching the middle band, indicating a neutral trend. The upper band is $3.467, and the lower band is $2.369, marking possible support and resistance levels.
Additionally, the Relative Strength Index (RSI) is 48.33, below the neutral 50 mark, suggesting neither overbought nor oversold conditions. The current price action shows consolidation, possibly further movement depending on market sentiment and external factors. Based on the 1-day and 4-hour charts, the price is neutral to slightly bullish, hovering between $3.33 and $3.385.
Pendle’s focus on tokenizing future yields places it among the top Real World Assets (RWA) projects. The token is now nearly 55% up from its monthly low of $1.89. The chart shows the asset moving in an ascending channel, with a price increase of over 17% in the last seven days. If the indicators continue to work in its favor, PENDLE could see buying pressure push the price to $3.90, with support at $2 if invalidated.
3. Mega Dice (DICE)
Mega Dice ($DICE) has raised over $1.75 million in its ICO, drawing strong support from investors in the online betting industry. With a growing player base of over 50,000, Mega Dice is a major player in crypto gaming, with users wagering an average of more than $50 million each month. Its native token, $DICE, is currently in presale and recently gained a new feature: staking. This addition has likely attracted new investors with substantial capital to the platform.
$DICE holders now have the opportunity to earn passive income through staking, on top of unlocking rewards, cashback, and exclusive promotions. The staking rewards are directly tied to the profits generated by Mega Dice’s online casino, giving holders a stake in the business. Investors interested in this opportunity can secure $DICE at the current discounted ICO price of $0.110529.
However, due to strong interest in the presale, this price is likely the lowest rate available before $DICE becomes more expensive. In less than five days, the cost of $DICE will increase as it moves into the next presale stage.
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Mega Dice is Telegram’s first licensed gambling service, operating under a Master Gaming License from the Governor of Curaçao in the Dutch Caribbean. As the platform has grown over the past year, it has introduced its token, $DICE, offering exclusive benefits to its users.
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4. MOBOX (MBOX)
MOBOX is an NFT gaming ecosystem on the Binance Chain that blends yield farming in DeFi with gaming NFTs. It offers a free-to-play, play-to-earn model, combining the best DeFi with NFTs to enhance the gaming experience. Built on the Binance Smart Chain, MOBOX showcases cross-chain and cross-platform functionality, highlighting its NFT interoperability.
Launched on April 6, 2021, the MOBOX platform has a total supply of 1 billion tokens. Of these, 51% were allocated to the community, 21% to contributors, 8% to strategic partners, and 20% to the team. Notably, 80% of platform fees are used to burn MBOX tokens through a smart contract designed for automatic buyback and burn.
As of today, MBOX is priced at $0.1836, reflecting a 2.26% increase in the last 24 hours. The market cap has also grown by 2.26%, reaching $71,958,890, while the daily trading volume has surged by 55.60%, hitting $123,289,210. Binance has expanded its trading options this August, including launching the MBOX (MBOXUSDT) Perpetual Contract with up to 75x leverage.
#Binance Futures will Launch USDⓈ-Margined $MBOX Perpetual Contracts at
🗓️ August 28 2024, 09:30 (UTC)
Read more ➡️ https://t.co/wbKwHHjgwl pic.twitter.com/GnkCRcG4pM
— Binance Futures (@BinanceFutures) August 28, 2024
With strong fundamentals, support from Binance, and a committed crypto community, MBOX has the potential to reach $1 this year. If the bullish trend in the crypto market continues, the average price of MBOX could exceed $2.5 by 2025.
5. Optimism (OP)
Optimism is a Layer 2 scaling solution for Ethereum that uses optimistic rollups to improve transaction throughput. Moving transactions off-chain and settling only the results on the main chain significantly reduces gas fees and boosts transaction speeds. The native token, OP, plays a key role in governance and offers incentives for network participants.
OP provides various earning opportunities, from stable savings account returns to potential high DeFi yields. It offers a flexible way to earn in the crypto space.
The Optimism Coin is showing a breakout rally but is struggling to surpass the 50-day EMA. A recent bullish failure has led to a bearish pullback, with the daily chart retesting the broken trendline. If the bulls regain strength, OP could test the 23.60% Fibonacci level at $1.922. On the other hand, if bears take control, the price may drop to the crucial support level of $1.165.
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Also The SUNNYs Leaderboard is coming soon… 👀 https://t.co/kdClL5Xd4B
— Optimism (@Optimism) August 28, 2024
A successful breakout could set the stage for a strong finish to Q3, with potential gains pushing the OP price towards $2.937 or even the 50% Fibonacci mark. Optimism’s design focuses on long-term sustainability rather than shortcuts, making it one of Ethereum’s most significant scaling solutions. If current trends continue, OP’s price could reach $11.21 by 2025.
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