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Achieving good returns in a strong market involves monitoring the top cryptocurrencies and preparing Altcoins for growth. Yet, spotting the next prominent cryptocurrency can be challenging because many investors focus on already popular assets.
This 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
Today’s analysis details the performance of the cryptos that investors should add to their watchlist. It also includes a special mention of Sealana, a Solana meme coin that introduces features and widgets to accommodate different investor preferences. The details of its presale and the performance of the top-performing crypto today are shared below.
1. Kaspa (KAS)
Kaspa (KAS), the native token of the proof-of-work cryptocurrency Kaspa, surged by 13% after Marathon Digital, a major Bitcoin miner, revealed it has mined over $16 million worth of KAS. This move aims to diversify from Bitcoin. On June 26, Marathon Digital stated that mining Kaspa allows the firm to benefit from higher margins, with some machines achieving up to 95%.
In today’s session, Kaspa (KAS) is one of the gainers. A detailed analysis of Kaspa’s price charts shows that it recently broke above the Ichimoku Cloud, indicating a bullish breakout. The conversion line (blue) above the baseline (red) supports this positive trend.
KAS has seen a 145% surge in trading volume and a 10% rise in price over the past 24 hours. The crypto asset has grown by 20% in the last seven days and 26% in the past 30 days, indicating a positive outlook for this altcoin.
According to CoinMarketCap, Kaspa now ranks 24th in the global cryptocurrency list. Its trade price is $0.1759, its circulating supply is around 24.035 billion KAS tokens, and its market capitalization is $4.2 billion.
Kaspa aims to provide a high-performing, scalable, and secure blockchain platform. Its distinguishing feature is the GhostDAG protocol, a proof-of-work consensus mechanism. This allows for faster block times and higher transaction throughput than typical blockchains. Unlike Bitcoin, GhostDAG enables the production of multiple blocks simultaneously, speeding up transactions and increasing block rewards for miners.
2. SafePal (SFP)
SafePal is gaining attention as an easy-to-use cryptocurrency wallet that emphasizes security without sacrificing convenience. The Binance ecosystem supports SafePal, which provides hardware wallets and a mobile app. These tools simplify digital asset management while maintaining high security standards. The wallet’s integration with decentralized finance protocols and its support for numerous cryptocurrencies make it an appealing option for beginners and seasoned traders.
The SFP price trend shows a strong and steady rise, signaling a bullish reversal. After a price drop in early 2022, the token is gradually climbing. The altcoin has surpassed the 50-week EMA and is now encountering resistance at the critical supply zone of $0.85. According to Fibonacci levels, there is consolidation between $0.85 and the 23.60% level at $0.688.
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— SafePal – Crypto Wallet (@iSafePal) June 26, 2024
This upward trend could lead to a breakout, as the MACD indicator is poised for a bullish crossover, and the 50-week EMA continues to provide support. If this happens, the crypto wallet token might reach the $1.66 mark, with overhead Fibonacci levels as potential targets.
3. Sealana (SEAL)
Sealana is a new seal-themed meme coin that gained significant popularity during its presale, raising over $6 million. Although the presale has ended, the demand for this meme coin continues to grow. Solana meme coins are highly sought after because of their low trading fees and high potential for gains. Experts predict that SOL will surge in the coming weeks, which could lead to substantial returns for its meme coins.
Sealana attracted smart money traders with its quirky and humorous mascot, which it initially introduced as a typical crypto enthusiast. This somewhat chubby seal, who “abandoned the gorgeous figure of his youth,” is now focused on discovering the next big Solana meme coin.
Sealana’s antics quickly moved beyond the realm of crypto trading. He started sneaking into Area 51, smoking “green herbal joints” with Joe Rogan and heckling Conor McGregor. In his latest X post, the beloved seal was seen working out with Arnold Schwarzenegger.
The excitement around the new meme coin, Sealana, has peaked following the announcement of its highly-anticipated IEO. SEAL will launch on Solana DEXs on July 2nd at 1 PM UTC. The Sealana airdrop will begin right after the IEO, and presale buyers will receive their SEAL tokens within a few hours.
🦭 #Sealana brings news for all the Loyal $SEAL Comrades out there! 🏎️💸🇺🇸 Are you prepared to get your #Tokens with absolute ease! 🚀 #Airdrop and Trading kicks off July 2nd at 1 PM UTC! 🕙🦭
Get ready to trade $SEAL on #DEX using our @RaydiumProtocol or @Uniswap pools that… pic.twitter.com/7Nv9Xdofyw
— Sealana (@Sealana_Token) June 26, 2024
In a surprising turn of events for investors, purchasing SEAL at a discounted price will still be possible before the airdrop starts. This decision by the developer team likely stems from the significant hype and high demand for Sealana. Over the past few weeks, YouTube trading experts, influencers, and major crypto publications have all highlighted this new meme coin. Some savvy traders have even suggested that SEAL could be the next meme coin to achieve a 100x return.
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4. Maker (MKR)
According to its price movements, Maker (MKR) is also one of today’s gainers. Analyzing the Maker price charts reveals a clear double-bottom pattern, typically a bullish reversal signal. The second bottom is forming, and if the price surpasses the neckline (dotted line), it could confirm the reversal.
Other indicators, such as the Awesome Oscillator (AO), also show increasing green bars. This suggests growing bullish momentum, supporting the potential breakout from the double-bottom pattern. As of press time, Maker traded at $2,522.35, marking a 7.36% increase over the last 24 hours.
Since April, Maker’s price had been under bearish pressure. However, it has recently gained momentum, increasing by 8.71% and a 21.49% rise in trading volume. In the past week, the altcoin’s price has climbed by 4.12%, reflecting growing bullish sentiment.
The MACD technical indicator shows a rising green histogram pattern, suggesting increased buying pressure for Maker. Moreover, the moving averages indicate a bullish trend, implying that MKR’s price may continue to rise this week.
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This is a unique… pic.twitter.com/XWoc5KNbYb
— Maker (@MakerDAO) June 25, 2024
Furthermore, the Simple Moving Average (SMA) has shown a bullish crossover on the 1-day price chart, pointing to a positive future for Maker. MKR’s price could test the resistance level of $2,536 over the weekend if the market remains bullish. Conversely, if a trend reversal occurs, Maker’s price might fall to the critical support level of $2,175.
5. Blast (BLAST)
In a flurry of activity within the cryptocurrency market, Blast (BLAST) has gained attention with a notable 20% increase since its much-anticipated launch. Initially priced at $0.02 per token, Blast debuted with a fully diluted value (FDV) of $2 billion. Currently, BLAST is trading at $0.02466, showing a substantial 18% rise from its launch price.
Meanwhile, other recent token launches have faced difficulties. The Ethereum layer-2 network zkSync (ZK) and interoperability LayerZero (ZRO) have experienced declines of 46% and 43%, respectively, since their launches. Blast’s resilience highlights its appeal and positive reception in this volatile market.
The BLAST token, a newly launched layer-2 protocol, is gaining attention in its early stages. As an Ethereum Layer-2 token, BLAST offers native yield for ETH and stablecoins. While other L2s typically offer zero percent interest, BLAST provides a 3.4% yield for ETH staking and an 8% yield for stablecoin staking.
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— Blast (@Blast_L2) June 26, 2024
BLAST’s market cap is growing at $429,464,831, with a 20% intraday increase. The token trades at $0.025 and shows a bullish trend in its initial launch phase. If the broader market recovers, BLAST could reach $1. Factors driving this uptrend include the Ethereum ETF listing and a general market bull run.
BLAST’s distribution strategy has also attracted attention. An airdrop released 17% of the total supply, rewarding users who bridge Ether to the BLAST network and those contributing to decentralized applications (DApps). Moreover, 3% of the supply was allocated to the Blur Foundation for future community airdrops.
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