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The altcoin market looks bullish as some coins try to bounce back. Investors need to stay alert during this consolidation phase, as it could be a chance to ride a rising trend.
Institutional investors are now paying more attention to interoperability and tokenizing real-world assets. Prices of these assets are climbing, even before the market takes off entirely. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token.
Next Cryptocurrency To Explode
Attention in the crypto market in the coming month will go toward the altcoin and meme coin sectors and making the most of the altcoin market. Hence, investors can capitalize on the moment and take a position in upcoming tokens like PlayDoge. PlayDoge is a new Doge meme coin that uses play-to-earn technology to create a gaming economy with real monetizable value. This post covers the details of its presale.
1. SingularityNet (AGIX)
The AI token SingularityNET (AGIX) surged by 20.5% in the last 24 hours, reaching $0.68 at the time of writing. Its market capitalization is nearly $890 million, and its daily trading volume is $148 million.
On June 24, the SingularityNET team posted on their X account, informing followers about an event on June 25 at 5 pm UTC. They will discuss integrating the OpenCog Hyperon AGI framework with the SingularityNET platform. Additionally, they announced that the results for DeepFunding round 4 are out. Over $1.4 million has been awarded to 29 proposals to develop and publish AI services on the SingularityNET platform, which will help grow the decentralized AI ecosystem.
Technical analysis indicates that AGIX is gaining momentum and continuing its upward trend. The support level at $0.60 has been confirmed, increasing confidence in the token’s direction. Decilizer forecasts that AGIX could reach its $1.40 target sooner than anticipated.
SingularityNET's Technical Tuesdays: Integrating OpenCog Hyperon With the SingularityNET Decentralized AI Platform
Join us this Tuesday, June 25th, 2024, at 5 pm UTC to discuss the integration of the OpenCog Hyperon #AGI framework with the SingularityNET decentralized #AI… pic.twitter.com/5dykVXw5TK
— SingularityNET (@SingularityNET) June 22, 2024
After being rejected at the yearly high of around $1.40, AGIX began trading within a descending parallel channel. The price is experiencing a solid recovery after bouncing off the support level, which is expected to hold for an extended period. The trading volume has increased, driven by buyers, suggesting that another bullish push could help AGIX break above the upper resistance of the channel.
The recent rise in FET and AGIX prices highlights the growing interest in AI-focused blockchain projects. As the merger into ASI approaches and potential collaborations with platforms like Injective develop, these tokens might continue to outperform the broader cryptocurrency market.
2. Fetch.ai (FET)
Fetch.ai (FET) is showing significant gains today, as reflected in its price movements. Analysis reveals that the Fetch.ai price is above the Ichimoku cloud, hinting at a potential bullish trend. The leading span is also turning green, which supports the bullish outlook. However, the RSI is at 66.70, suggesting strong buying momentum but nearing the overbought zone. As of press time, Fetch.ai is trading at $1.64, marking an 18.04% increase in the last 24 hours.
Fetch.ai reached its highest price of $3.46 on March 28, 2024. Its lowest price was $0.007972 on March 13, 2020. The lowest price since its peak was $1.11096, and the highest since that low was $1.73526. Fetch.ai is trading 89.08% above the 200-day SMA, which is $0.869975. Furthermore, the 14-day Relative Strength Index (RSI) stands at 62.81, indicating a neutral position, suggesting that the cryptocurrency might trade sideways.
The recent rise in Fetch.ai (FET) prices results from several factors showing the growing impact of artificial intelligence (AI) in both traditional and cryptocurrency markets. Over the past year, Fetch.ai (FET) has performed exceptionally well, with its price soaring by 714%. This increase has surpassed 94% of the top 100 crypto assets and has outperformed major cryptocurrencies like Bitcoin and Ethereum.
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— Fetch.ai (@Fetch_ai) June 24, 2024
Another reason for FET’s impressive performance is speculation about a possible collaboration with Injective (INJ). A mysterious tweet from Injective’s official account hinted at a potential partnership with FET, sparking interest in both projects.
Fetch.ai’s 714% growth over the past year showcases its strong upward momentum. This significant increase reflects high investor confidence and a solid upward trend, which could drive FET to even higher levels if it continues.
3. PlayDoge (PLAY)
PlayDoge ($PLAY) is a play-to-earn (P2E) meme coin that’s making a solid debut, quickly surpassing the $5 million mark in its presale. The fundraising began in late May, reaching $200,000 within minutes. Now, with a 25-fold increase, PlayDoge shows potential to become a leading meme coin. This growing investor interest could position PlayDoge to compete with or surpass Floki ($FLOKI).
PlayDoge is unique as it blends two popular trends: meme coins and gaming, primarily 90s gaming. Users can own a virtual Shiba Inu dog, interact with it, care for it in a Tamagotchi-style manner, and earn the native $PLAY token as a reward. For those eager to join early, the presale is still active. Currently, the token is priced at $0.00512, offering a chance to invest before the price increases in the next presale phase.
While many dog-themed coins are struggling, PlayDoge is raising significant funds. This indicates that the market might want a new canine-themed coin with more utility. PlayDoge fits this demand with its Tamagotchi-like gameplay and P2E features.
Moreover, PlayDoge revives the beloved 90s Tamagotchi game, enhancing it with crypto functionality through the $PLAY token. This integration creates an in-game economy where value can be exchanged in the broader crypto market.
Players earn $PLAY tokens by caring for their virtual Shiba Inu pets and playing mini-games in the upcoming mobile app. Top players can earn additional rewards by ranking on the game’s leaderboard. Players do not need to purchase a separate device to start playing; the app will be free on the Google Play Store and App Store.
4. WEMIX Token (WEMIX)
WEMIX is a decentralized blockchain protocol that supports a vast ecosystem of Web 3.0 platforms. It is designed to be experience-based, platform-driven, and service-oriented. This high-performance protocol works with the Ethereum Virtual Machine (EVM) and uses the SPoA (Stake-based Proof of Authority) consensus mechanism. It ensures top security through decentralized on-chain governance by 40 Node Council Partners (NCP), known as the 40 WONDERS, which allows for high transactions per second (TPS).
WEMIX is priced at $1.12, reflecting a 13.39% increase in the last 24 hours and a 53.31% rise over the past year. However, it is trading 20.23% below its 200-day simple moving average (SMA) of $1.41815. With a 14-day relative strength index (RSI) of 68.17, WEMIX is in a neutral zone, indicating potential sideways movement. Over the past 30 days, 37% of days have been positive, with low volatility of 8%. Despite a low liquidity ratio of 0.0077, WEMIX has a market cap of $429.1 million and a 24-hour trading volume of $6.53 million.
The WEMIX ecosystem comprises several important platforms that help it grow and expand. WEMIX Play is a gaming platform, and NILE is a community platform powered by DAO. WEMIX.Fi provides DeFi services, while WEMIX$ is a protocol for stablecoins. The WEMIX Wallet is non-custodial, which means users have control over their private keys.
Transforming WEMIX 💫 Brioche Hard Fork & Mass Burn
🔽 What to expect 🔽
1️⃣ Change in minting quantity
2️⃣ Burning of reserved WEMIX
3️⃣ Scheduled allocation#WEMIX empowering community-driven growth 📢 https://t.co/VeNW9EPFb2 pic.twitter.com/2rZmdbY5Hk— WEMIX (@WemixNetwork) June 25, 2024
In addition, the WEMIX coin acts as a medium of exchange and a method for paying gas fees within the WEMIX mega-ecosystem. One WEMIX coin is created with each new block. The coin is worth $1.12, reflecting a rise of over 13% in the last 24 hours.
5. Ocean Protocol (OCEAN)
The Artificial Superintelligence Alliance, which includes Ocean Protocol, SingularityNET, and Fetch.ai, has announced updates regarding the ASI token merger, scheduled to start on July 1st. Initially set for July 15th, the merger was postponed, as reported by Crypto Briefing. This strategic plan will first combine SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens into Fetch.ai’s FET, eventually transitioning to the ASI ticker later. The merger aims to streamline operations and improve efficiency for token holders.
Ocean Protocol (OCEAN), one of the three partners in the Superintelligence Alliance, saw a significant surge of over 20% in the last 24 hours, with its price reaching $0.686 at the time of reporting. The market capitalization is currently $394 million. Trading volume for OCEAN has increased by 120% in the past 24 hours, reaching $89 million. The price prediction sentiment for Ocean Protocol remains bullish, although the Fear & Greed Index indicates a score of 30 (Fear).
🌊GM, Oceaners
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— Ocean Protocol (@oceanprotocol) June 25, 2024
Despite this, Ocean Protocol is trading 84.14% above its 200-day SMA, which is $0.372507. With strong fundamentals and support from a dedicated crypto community, OCEAN has the potential for significant future growth. Recent collaborations with AGIX and FET may soon help the EOS Coin exceed the $1 price level.
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