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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. GameStop (GME)
GameStop, primarily a video game retailer, has expanded into cryptocurrency and blockchain. Initially, its ventures into non-fungible tokens (NFTs) and other digital assets received positive attention. The return of Roaring Kitty, who played a vital role in the 2021 GameStop rally, recently pushed the stock price higher.
However, this trend quickly reversed, leading to significant losses and volatile trading sessions. GameStop’s stock has fallen by 2.86% to $24.49 in premarket trading. The stock dropped by 12% on Monday, following a 40% decline on Friday, ending at $24.89. This represents a 62% decrease from its peak of $61 and has also affected related meme tokens. For example, the Solana-based GME token fell 25% to $0.01624 after a 200% increase the previous week.
GameStop’s CEO, Ryan Cohen, has emphasized that his primary goal is to make the gaming retailer profitable. This marks a significant shift from the recent market frenzy that caused the company’s stock price to fluctuate wildly. At GameStop’s annual shareholder meeting on Monday, Cohen told investors that revenue without profits and a positive cash flow outlook is of little value to shareholders.
🚨EXCITING NEWS🤩$GME on Sol is proud to form a strategic partnership with a leading market maker.🤝📈
This is a powerful step in the right direction. To the moon we go!🚀🚀🚀 pic.twitter.com/VzU3ay88oq
— GMEonSol 🎮 (@gmecoinsol) June 13, 2024
Cohen’s statements indicate that GameStop plans to streamline its physical stores nationwide while exploring more profitable product offerings beyond video games. This shift towards profitability highlights years of effort to transform GameStop from a struggling brick-and-mortar chain, once targeted by short sellers, into an online gaming marketplace.
2. aelf (ELF)
aelf has achieved notable progress in its blockchain projects, especially with its recent pivot to integrate artificial intelligence (AI) into its blockchain system. Recently, aelf also became a key member of AI Apex Asia.
Today, the ELF price is $0.3863, marking a 10.80% increase in the past 24 hours. The market cap has risen by 10.80%, now at $282,405,914. The 24-hour trading volume surged by 723.41%, reaching $105,956,315.
Currently, the sentiment of the ELF price prediction is bearish. However, the Fear & Greed Index scores 74 (Greed), indicating heightened token transactions and increasing optimism for an upward trend. The 14-day Relative Strength Index (RSI) is at 31.40, which places the cryptocurrency in a neutral zone and implies it might continue trading sideways.
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🔗 Start your journey now on Zealy and help us grow our… pic.twitter.com/CLmjgJjfBl
— ælf (@aelfblockchain) June 18, 2024
Integrating AI into the aelf blockchain architecture places aelf at the forefront of using advanced technology to improve its platform. The platform uses AI to boost efficiency, scalability, and security within its ecosystem.
With a strong foundation and support from a dedicated crypto community, ELF has significant potential for future growth. If the current positive trend in the crypto market continues, we expect the average price of ELF Coin to be around $2.71 in 2024. However, if the market declines, the minimum value of ELF Coin could drop to $1.71 in 2024.
3. Bitget Token (BGB)
Bitget Token (BGB) has garnered renewed interest in the market, with its price now at $1.17. This represents a 147.33% increase from the previous year. A 49.67% rise in trading volume supports this price growth, pushing the market cap beyond $1.5 billion. With a total supply limited to 1 billion tokens, Bitget Token provides a stable investment option in the volatile crypto market, benefiting from strategic partnerships and platform improvements.
Data from CoinMarketCap shows that over the past 12 months, Bitget Token’s price has nearly tripled, and its market cap has grown from $650 million to $1.63 billion. As the crypto market heats up this summer, interest in BGB is expected to surge.
The technical analysis of Bitget Token (BGB) indicates a promising outlook. Currently, BGB is trading above its 100-day and 200-day EMAs. Additionally, 29 technical indicators suggest a buy signal. These positive signs have led market analysts to predict a rise in Bitget Token’s price to $2.20 before the end of the second quarter of 2024.
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We cherry picked these photos from #BitgetxMessi BTS moments. Pick your… pic.twitter.com/tI6v6uQ265
— Bitget (@bitgetglobal) June 17, 2024
Furthermore, BGB shows strong potential due to its solid fundamentals and support from a dedicated crypto community. If BGB announces collaborations with other networks, its price could exceed $3.81 by 2024.
4. Zeebu (ZBU)
According to Market Research Future, analysts predict the Web3 payments market will soar from $1.6 billion in 2022 to $54.52 billion by 2032. Zeebu, a leading Web3 payments platform for the telecom industry, is making significant strides in this space.
Using blockchain technology, Zeebu transforms how telecom carriers handle invoice settlements and payment routing. Based on DeFi principles, this approach aims to enhance efficiency, lower costs, and provide instant and secure transactions compared to traditional systems.
The platform’s adoption is growing quickly. Zeebu recently announced that it had processed over $2.5 billion in transaction volume and settled over 45,000 invoices. In a recent interview, the company’s founder mentioned that they are ahead of their roadmap, with telecom partners adopting the platform faster than expected. Zeebu aims to reach $14 billion in total transaction volume within the next year.
Investors, especially crypto whales, are increasingly attracted to projects with significant disruption and growth potential. Zeebu’s ZBU token offers this potential, making it a valuable addition to any investment portfolio. As the platform continues to experience impressive growth and adoption, ZBU is becoming a prominent player in the DeFi and crypto space.
🎉 We are thrilled to announce that Zeebu has crossed an impressive $2.5B in settlement volume! 🚀🌐 This milestone is a testament to our commitment to revolutionizing telecom settlements with cutting-edge blockchain technology.
Our journey has been remarkable, and we owe this… pic.twitter.com/EVNQWvRMhi
— Zeebu (@zeebuofficial) June 13, 2024
The ZBU token is priced at $4.79 at press time, showing a 0.98% gain overnight. After a bullish period from September to April, the ZBU token underwent a retracement phase, forming a solid base for its next rally. This phase has drawn the crypto community’s attention, especially the whales, who have been accumulating ZBU tokens at lower prices.
During the recent retracement, the 100-day simple moving average provided crucial support. In the past few weeks, ZBU has frequently tested the 50-day SMA. This pattern suggests a possible buildup for the next bull run. If ZBU can break past the $5.00 mark, investors might see a new all-time high of $6.00 in the coming week.
5. Mega Dice (DICE)
Mega Dice is a leading name in the crypto casino industry. With over 10,000 active players each month and more than $50 million in monthly wagers, it stands out in the market. As a prominent platform on Solana (SOL), Mega Dice combines GambleFi and GameFi, positioning itself to challenge Rollbit ($RLB). Its native token, $DICE, which provides benefits like casino cashback, airdrop rewards, and NFT perks for holders, is now available for presale at $0.075.
Mega Dice offers over 4,500 games, including slots, live casino experiences, and engaging game shows. Esports fans will enjoy its comprehensive sportsbook covering over 60 sports with top market odds.
Beyond gaming, Mega Dice will introduce crypto futures trading, allowing users to earn $DICE. For potential holders, $DICE provides numerous advantages on the platform. Selected holders and players will receive limited edition NFTs, offering exclusive privileges and rewards.
#DICE presale has raised $1.5 MILLION! 🚀🚀
This milestone brings us closer to revolutionizing GameFi. Remember 👇
Current tier price: 0.075
Current presale target: $2M
We're implementing multiple tiered price increases, so make sure to secure your $DICE early – we've now… pic.twitter.com/1rSyxvY8HU
— Mega Dice Casino (@megadice) June 17, 2024
Users can trade $DICE for other cryptocurrencies or fiat. They can also use it as the main currency for gaming on the Mega Dice website and the Mega Dice Casino bot on Telegram. Owning $DICE is more than just holding the token. Buyers can stake their tokens to unlock daily rewards linked to Mega Dice Casino’s performance and share in its profits. The platform offers generous rewards for stakers, including bonuses, exclusive offers, and early access to games.
Early stakers will benefit from a high APY as Mega Dice’s staking program launches soon. Prospective buyers should act quickly to purchase the token at the current rate before it increases to the next presale stage. The previous presale rate was $0.069.
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