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The altcoin and meme coin 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. FLOKI (FLOKI)
FLOKI (FLOKI), one of the leading dog-themed cryptocurrencies, is a top altcoin. Besides its memetic appeal, its combination with DeFi utilities, NFTs, and merchandise adds to its attraction. This makes it more than just a meme coin; it has real potential.
Another reason for its popularity is its affordability. FLOKI is a favorite among retail investors because of its low price, which could spark a price rally. Additionally, institutional players are showing interest, making it a promising investment. Given its strong performance this year, reaching an all-time high (ATH) in June, FLOKI is poised for another peak. Predictions suggest it might get a new high before the end of this quarter, making it one of the best coins to invest in.
Currently, Floki is trading at $0.0001318 due to an 11.24% rise in the past 24 hours. The excitement around FLOKI is centered on its recent announcement involving FLOKI Rewards. This development has captured the crypto community’s attention, especially with the upcoming launch of Simon’s Cat meme coin on the Binance Chain on August 8.
💡 Did you know that you can set up vesting schedules on #Floki's cutting-edge locker protocol, #FlokiFi Locker?
FlokiFi Locker lets you securely vest tokens and release them at your preferred schedule.
You can vest:
✓ Fungible tokens
✓ LP tokens
✓ Multi-tokensIn just a… pic.twitter.com/7qd8d4lai9
— FlokiFi (@FlokiFi) August 6, 2024
The partnership between Simon’s Cat, Floki, and DWF Labs has created a new meme coin. FLOKI holders will receive a portion of the latest meme coin distribution as part of the launch strategy. This partnership aims to reward FLOKI holders and add a new dimension to the FLOKI Rewards.
2. Gravity (G)
As the cryptocurrency market faces turbulence, Coinbase, one of the largest US cryptocurrency exchanges by volume, has announced a significant change. Galxe (GAL) tokens will transition to Gravity (G). Coinbase revealed that this transition will occur on the Ethereum network, though users must manage the process themselves. Starting from July 9, 2024, the official GAL token transition portal will be accessible to all users and remain open for at least one year.
Following the announcement, Gravity’s price increased by over 22.50% to $0.03838 in 24 hours, and the market volume surged to $277.5. Additionally, its trading volume saw a 230.84% increase, rising to $108.29 million. Meanwhile, a detailed report on Coinbase’s asset listing roadmap explains that the exchange has revamped its asset listing process. It has replaced the ‘assets under consideration’ list with a more transparent ‘Roadmap’ section.
This change aims to provide investors with clearer and more timely updates on which assets have been selected for listing. It promotes greater confidence and informed decision-making. However, Coinbase has cautioned users that transfers and trading of these assets are only supported once an official listing is announced. Depositing these assets prematurely could result in a permanent loss of funds.
Creating an omnichain future addresses one of the biggest challenges in web3, interoperability.
Gravity is paving the way for more innovative and integrated blockchain applications.
— Gravity (@GravityChain) August 6, 2024
For investors, adding G to Coinbase’s roadmap presents new opportunities. It offers a chance to get involved with a promising asset early, potentially reaping significant rewards as it gains traction. However, it also carries risks, especially given the Experimental label that may be applied.
3. PlayDoge (PLAY)
PlayDoge ($PLAY) is a new meme coin that is gaining popularity in the crypto world. It is especially exciting because of its upcoming crypto-revamped version of the classic 90s game Tamagotchi. Once the game launches, you can own a “Doge” in your wallet and interact with your virtual Shiba Inu pet on your mobile device.
A well-known analyst predicts that PlayDoge’s predecessor, Dogecoin ($DOGE), will reach $2 as the meme coin supercycle continues. PlayDoge is set to benefit from this trend due to its expanded play-to-earn (P2E) utility, giving it more appeal than the average meme coin. It has quickly become the new Shiba Inu that everyone is watching.
The $PLAY token is being offered to early investors at a presale price of $0.00527, but this price will increase once the current presale stage ends in under three days. For a new meme coin like PlayDoge, which is about to hit $6 million, its value could skyrocket once it hits a major exchange and more investors buy it. As a BSC-based token, it has already attracted the attention of the Binance listing team. It would not be surprising if it gets listed on Binance and its value rises alongside $DOGE in the next five to six months.
PlayDoge combines meme vibes with P2E elements through its cute Shiba Inu mascot and a crypto-field Tamagotchi-style game. Players care for their virtual Shiba Inu pets by feeding and training them on mobile devices to earn $PLAY tokens. These tokens offer both in-game and broader market utility. Top pet owners who climb the leaderboard will earn even more $PLAY tokens.
4. dogwifhat (WIF)
Memecoins on the Solana ecosystem surged more than 30% in the past 24 hours, leading to gains in the crypto market. This rise occurred as the network’s underlying token, SOL, recovered from earlier losses. The recent bearish trend pushed the WIF price to its lowest support at $1.91, attracting bullish volume. Currently, the token is trying to rise above the crucial resistance at $1.516. However, the technicals have turned bullish, suggesting a possible 40% increase soon.
Several indicators support an uptrend. Firstly, the 50-day Exponential Moving Average (EMA) at $2.19 indicates buyers have an advantage if the price stays above this level. Moreover, the Moving Average Convergence Divergence (MACD) supports the uptrend, confirming a buy signal on the daily chart. This bullish outlook could encourage more traders to increase their buy orders, increasing the likelihood of WIF surpassing the crucial $2.5 resistance level.
For bulls to break free from bearish constraints and push the dogwifhat price to its all-time high of $4.85, they must quickly overcome the seller congestion at the blue descending trend line.
In the past 24 hours, WIF’s price surged by 28.10%, trading around $1.75 with a market cap of $1.75 billion. This makes dogwifhat the 43rd-largest meme coin by market cap, behind DOGE, SHIB, and PEPE. Despite this week’s discouraging decline for WIF holders, the coin still has a long way to go to reach its previous all-time high of $4.85, set in March.
5. cats in a dogs world (MEW)
Cat in a Dogs World ($MEW) is a meme coin on the Solana blockchain that has gained attention with its playful branding and strong community presence. Currently, $MEW is trading at around $0.005809 after rising 15.83% in the past 24 hours. Moreover, its trading volume increased by 12.46%, reaching approximately $205 million, with a market cap of $516 million.
The token has an impressive supply of 88.88 billion, with 90% of its liquidity burned and 10% airdropped to the Solana community. Despite a solid performance this year, it has yet to reach its all-time market cap and price highs. However, with its potential for significant growth and solid market accessibility, Cat in a Dogs World could offer substantial returns as the market heats up, especially if it maintains its current trajectory and the broader crypto environment becomes more favorable.
Cat in a Dogs World offers a unique twist on meme coins by focusing on cat-themed humor instead of the usual dog themes. This approach aims to build a dedicated community of cat lovers, adding variety to the meme coin market.
we were born with special powers that other people do not have… but we mustn’t let it get to our heads… and think we are special…
100%…
📍🐕🌎✨$mew pic.twitter.com/7qXQKdUHr3— MEW (@MewsWorld) August 5, 2024
Since its launch this year, Cat in a Dogs World has maintained positive momentum. The token recently showed significant growth despite a bearish period last week, causing a considerable drop. It has gained over 64% in the past month and over 227% since its launch date. As the year progresses, Cat in a Dogs World is expected to surpass its all-time high of $0.01034 and possibly reach $1.
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