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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. Rocket Pool (RPL)
Rocket Pool (RPL) has experienced significant growth, with a market capitalization of $413 million and ranking 143rd among cryptocurrencies. Over the past ten days, RPL’s price increased by 42%, surpassing a descending resistance trend line and indicating a potential golden crossover on the 4-hour chart. This recovery pushed RPL above the 38.20% Fibonacci level and the important $20 mark. If this upward trend continues, RPL could rise another 36% to reach $27, with an optimistic target of $41 by Q3 2024, making it an attractive investment.
Rocket Pool is a decentralized Ethereum staking pool that offers up to 4.33% APR for ETH2 staking. Users can participate in the decentralized node operator network or manage their nodes with at least 16 ETH. By operating their nodes, users can earn a commission from staking ETH and receive additional RPL rewards for providing RPL collateral, potentially earning up to 6.36% APR from ETH staking plus the extra RPL rewards.
Rocket Pool also provides liquid staking, which allows users to benefit from a rising exchange rate instead of adding to their initial staked collateral, avoiding a taxable event. Furthermore, Rocket Pool offers smart nodes with custom node software, enabling anyone to operate a node on its network.
Rocket Pool makes ETH2 staking accessible to everyone, regardless of their investment size or technical expertise. Its main goal is to facilitate trustless ETH staking on a network of decentralized autonomous nodes supported by RPL collateral.
RPL is trading 32.48% below the 200-day SMA of $28.87 and has seen 14 green days in the past 30 days (47%). The sentiment for RPL price prediction is bearish. However, the Fear & Greed Index is at 61 (Greed), indicating increased token transactions and growing optimism for an uptrend.
2. Dogwifhat (WIF)
Dogwifhat’s price prediction indicates that WIF is expected to double its value in the coming weeks. It began this week’s trading positively, rebounding from a support level of $1.5. As traders bought into WIF, the price gained momentum, rising to $2.37.
Several indicators support this uptrend, starting with the 50-day Exponential Moving Average (EMA) at $2.19. Staying above this level means buyers have an advantage, and the market sentiment is bullish. The Moving Average Convergence Divergence (MACD) also 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 propel the dogwifhat price to its all-time high of $4.85, they must quickly overcome the seller congestion at the blue descending trend line.
The @Forbes interview went well.$WIF https://t.co/arbMCYQmPi pic.twitter.com/MKhNwrt4Oo
— dogwifcoin (@dogwifcoin) July 15, 2024
This week, WIF’s price surged by 38%, trading around $2.3 with a market cap of $2.3 billion. This makes dogwifhat the fourth-largest meme coin by market cap, behind DOGE, SHIB, and PEPE. Despite this week’s encouraging pump for WIF holders, the coin still has a long way to go to reach its previous all-time high of $4.8, set in March.
3. Mega Dice (DICE)
Mega Dice is a GameFi cryptocurrency project on the Solana network. Recently, it raised over $1.6 million and is close to reaching $2 million. The project combines gaming and cryptocurrency, focusing on gamblers on its platform and holders of the DICE token. The DICE token is currently priced at $0.0866, but this price will rise in the next four days. Potential investors should consider joining before these price changes.
Mega Dice has introduced a Refer & Earn program. This program rewards users for bringing in new participants by offering a percentage of their referrals’ spending. Additionally, the project has launched an aggressive airdrop strategy, distributing $2.25 million over three seasons.
Season 1 focuses on active players who bet at least $5,000 within 21 days, with a large reward pool of $750,000. Season 2 ended on June 28, and Season 3 continues to offer these incentives, adding another $1.5 million for consistent activity until the DICE token is listed on exchanges.
Refer a friend and stand a chance to win $1000 every week!🤩
Simply visit https://t.co/QhS5uUOKEb on Telegram, click the 'earn tab,' and grab your unique referral link.
Winners are announced weekly in our Telegram group: https://t.co/w6v0xNRi4q
You could be the next winner!💰 pic.twitter.com/EhUGXzQRCl
— Mega Dice Casino (@megadice) July 18, 2024
In addition to airdrops, token holders can earn rewards through staking, receiving daily payouts based on the casino’s profits. Mega Dice also provides NFTs for VIP players and offers a 25% referral commission to boost engagement and participation on the platform. Overall, Mega Dice provides an exciting opportunity at the crossroads of gaming and cryptocurrency, with various incentives and reward mechanisms designed to keep users engaged.
4. Illuvium (ILV)
Illuvium is a significant player in blockchain gaming, combining top-tier gaming elements with decentralized finance (DeFi) on the Ethereum blockchain. It is an open-world fantasy battle game where players can capture, nurture, and battle unique Illuvials creatures. These creatures are represented as NFTs, allowing players to collect, trade, and upgrade them. This creates a dynamic gaming experience with exploration, PvP combat, and strategic team-building.
Integrating Immutable X improves the gaming experience by providing a layer-2 scaling solution. This ensures efficient transactions and supports the IlluviDEX, a decentralized exchange within the game, allowing seamless asset trading without gas fees.
Illuvium is priced at $70.45, showing a 3.93% increase in the past 24 hours. It has high liquidity, with a 0.2636 volume-to-market cap ratio, indicating strong trading activity. Its 14-day RSI of 40.97 suggests a neutral sentiment with potential for sideways trading. Over the last 30 days, Illuvium has had 14 green days (47%) and a volatility of 11%, indicating a balanced risk profile. Although it is trading 2.69% below its 200-day SMA of $65.52, it has increased by 55% over the past year.
🕹️ Pre-Season 2 Ending Soon! 🕹️
Rangers, the countdown is on! July 19 00:00 UTC Pre-Season 2 Concludes! It's your last chance to complete those missions and rack up points before we officially kick off Season 1 on July 25th!#Illuvium #Web3Gaming https://t.co/rCTdR2M9UT
— Illuvium (@illuviumio) July 17, 2024
By 2025, ILV’s price is predicted to range from $2000 to $2700, with an average price of $2300. This expected price increase is based on anticipated growth in the technology sector, which would benefit ILV and other digital currencies. Moreover, introducing Ethereum ETFs could significantly boost investment in ILV and the broader crypto market.
5. Bitget Token (BGB)
A few days ago, Bitget, a top cryptocurrency exchange and Web3 company, announced that its Bitget Token (BGB) was ranked among Forbes’ top 10 best-performing cryptocurrencies. In 2024, BGB saw significant growth as a CEX token, achieving high returns alongside popular tokens like Toncoin (TON), Pepe (PEPE), and Dogwifhat (WIF).
In January 2024, BGB was trading at around $0.57. It surged to over $1.43, marking an impressive 150% increase. Over the past twelve months, BGB grew by more than 126%, outperforming 69% of the top 100 crypto assets, including Bitcoin (BTC) and Ethereum (ETH).
Launched in July 2021, BGB powers the Bitget ecosystem, offering users various benefits and incentives. These include free withdrawals, trading fee discounts, exclusive access to Launchpad & Launchpool, and stake-to-mine benefits on Poolx.
Bitget Token (BGB) provides exclusive perks to its holders, sharing the growth of Bitget’s ecosystem with all users. Benefits include spot trading fee discounts, free withdrawals, access to token sales or airdrops, and other platform-specific incentives, encouraging users to hold and use BGB, thus creating a utility-driven ecosystem.
In July, Bitget announced the upgrade of BGB’s smart contract address to enhance its utility and potential. This upgrade is complete, enabling BGB’s use in various dApps and facilitating future listings on more centralized and decentralized exchanges. Additionally, BGB is now available for futures trading with up to 50x leverage.
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The @Forbes interview went well.$WIF https://t.co/arbMCYQmPi pic.twitter.com/MKhNwrt4Oo
— dogwifcoin (@dogwifcoin) July 15, 2024
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