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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. Livepeer (LPT)
Livepeer (LPT) has made a good recovery, showing a 16.62% growth in the last 24 hours and a steady 4.99% rise over the past week. The current price is $24.44. Its market capitalization has reached $800.66 million, driven by a trading volume of $140.3 million in the last 24 hours.
The strong market presence of LPT is highlighted by its circulating supply of 5,743,984 tokens. This video-streaming network protocol has garnered significant investor interest, making it the top performer among altcoins.
Launched in 2017, Livepeer is the first decentralized and open-source live video streaming platform. Its native token hit an all-time low of $0.42 in March 2020. However, during the 2021 bull run, LPT surged to an all-time high of $100.24 on November 9, 2021.
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— Livepeer (@Livepeer) June 10, 2024
Santiment data indicates a 115% increase in LPT exchange inflow over the past 24 hours. The number of tokens rose from 60,638 to 130,250. This suggests that some investors, including large holders (whales), seek short-term profits.
Additionally, market intelligence data reveals a 42% rise in Livepeer exchange outflow in the same period. The outflow increased from 74,984 to 106,630 tokens. This trend indicates that some holders are focusing on long-term investments.
2. Toncoin (TON)
Toncoin (TON) price analysis shows that the price has broken out from a consolidation period, raising hopes for a potential move toward new all-time highs. TON’s price remained tight in the last ten days, between $6.7 and $7.5. This phase, known as accumulation or consolidation, often leads to significant price movements.
Recently, Toncoin broke past the $7.54 resistance level, which had previously limited its upward momentum. Closing convincingly above this level could signal a bullish trend, possibly continuing the uptrend.
With this breakout, market participants are closely watching Toncoin’s price for indications of its next move. The current all-time high for TON is $7.8, which might be tested if the breakout strengthens.
Since the beginning of June, Toncoin has seen higher demand than Ethereum (ETH), the leading Layer 1 blockchain. On-chain data from Artemis shows that the number of unique addresses completing at least one transaction on Toncoin has surpassed Ethereum for 10 out of the last 12 days. On June 3rd, the daily count of unique addresses on Toncoin reached a year-to-date high of 568,300, exceeding Ethereum’s 351,400 by 62%.
"The Open Network (TON) blockchain has recorded more daily active addresses than Ethereum nearly every day this month." #TON 💎🚀
Via @Cointelegraph ⬇️https://t.co/ImpKL18Ee3
— TON 💎 (@ton_blockchain) June 13, 2024
As of the time of writing, TON is trading at $7.65. After dropping to a two-month low of $6.76 on June 11th, the token’s price rebounded and has surged by 11% since then. In the past 24 hours, Toncoin has seen significant trading activity, with a trading volume of $491 million, marking a 100% increase, according to CoinMarketCap. The 9% price spike in the last 24 hours has resulted in many TON holders recording profits.
3. io.net (IO)
The price of io.net has risen by 51% in the last 24 hours, reaching $5.8655 at 00:05 a.m. EST. This increase is accompanied by a 61% surge in trading volume. The market shows strong bullish sentiment towards IO, with many considering it a promising and well-supported project.
IO promotes itself as an affordable and reliable decentralized GPU computing platform. It provides a decentralized network that offers cost-effective access to high-end GPUs for mid-sized companies and startups.
Currently, the io.net price is showing a bullish trend, consolidating within an ascending parallel channel. This highly bullish technical formation suggests that the altcoin will continue to gain as long as it stays within this channel.
Counting down to $IO launch!
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— io.net (@ionet) June 10, 2024
The technical indicators suggest that IO bulls might sustain the uptrend. However, this depends on whether profit booking occurs after a certain period. For example, the Relative Strength Index (RSI) is comfortably above the mean level of 50, and the Moving Average Convergence Divergence (MACD) is in positive territory. These factors indicate strong bullish sentiment in the IO market.
If buyer momentum increases and the io.net price rises above the channel’s centerline, it would likely attract more buy orders. This could pave the way for a more extended upward movement.
4. Mega Dice (DICE)
The GameFi token, Mega Dice ($DICE), is making waves in the crypto gaming world, recently reaching $1.4 million in its presale. Mega Dice is a prominent name in the crypto casino sector, with over 10,000 active players each month and more than $50 million in monthly wagers.
As a top platform on Solana (SOL), $DICE combines GambleFi and GameFi, aiming to surpass Rollbit ($RLB) in popularity. The native $DICE token provides various platform benefits, including casino cashback, airdrop rewards, and NFT perks for holders. It is currently available at the presale price of $0.075.
Mega Dice is a significant player in the crypto casino industry, offering over 4,500 games, including slots, premium live casino experiences, and engaging game shows. Additionally, esports fans will find its comprehensive sportsbook appealing, with coverage of over 60 sports and top market odds.
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— Mega Dice Casino (@megadice) June 13, 2024
Mega Dice will offer gaming and crypto futures trading, allowing users to earn DICE. For those interested in holding $DICE, the token provides numerous benefits on the platform. Selected $DICE holders and Mega Dice players will receive limited edition NFTs, which grant access to exclusive privileges and rewards.
Users can trade $DICE for other cryptocurrencies or convert it to fiat. Additionally, it serves as the main currency for gaming on the Mega Dice website and the Mega Dice Casino bot on Telegram. Buyers should act quickly to secure the token at the current rate before the price increases in the next stage of the presale. Previously, the rate was $0.069.
5. WEMIX (WEMIX)
WEMIX is a decentralized blockchain protocol that supports a comprehensive Web 3.0 ecosystem. It powers several platforms and services, including gaming through WEMIX Play, DAO projects with NILE, and decentralized finance via WEMIX.Fi, stablecoin issuance using WEMIX$, asset management with the WEMIX Wallet, blockchain data tracking through WEMIX Explorer, and community engagement on Papyrus.
WEMIX aims to offer a secure, transparent, and efficient environment for users to participate in various activities. These activities range from gaming and financial transactions to community interactions. The WEMIX token plays a central role in this ecosystem by facilitating transactions and covering gas fees.
WEMIX employs a stake-based proof of authority (SPoA) consensus mechanism and EIP-1559 to improve efficiency, ensure high security, and achieve fast transaction speeds. Its governance is managed by 40 Node Council Partners (NCP) 40 WONDERS. These decentralized nodes protect the network, while the dynamic gas fee model helps prevent spam attacks.
WEMIX PLAY Service Updated#WEMIXPLAY, as part of its efforts to prioritize gaming experience on our blockchain platform, has been updated 🚀
Our evolution continues as we adapt to meet your gaming needs. 🧐
Check out the details in #WEMIX Community 🌐✨… pic.twitter.com/cTvSdv6YH7
— WEMIX (@WemixNetwork) June 4, 2024
WEMIX is priced at $1.19, a 10.66% increase in the last 24 hours and an impressive 81.97% rise over the past year. However, it trades 15.33% below its 200-day SMA of $1.41815. With a 14-day RSI of 68.17, WEMIX is in a neutral zone, suggesting potential sideways movement. Over the past 30 days, 37% have been positive, with low volatility of 8%. Despite having a low liquidity ratio of 0.0077, WEMIX has a market cap of $429.1 million and a 24-hour trading volume of $6.53 million.
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