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Cryptocurrency prices have been on the rise lately, and the overall feeling in the market is favorable. Recently, Bitcoin (BTC) has been hovering around $60K, and Ethereum (ETH) is striving to stabilize at $3,400, creating mixed sentiments among investors.
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 coins with some potential and inform investors and traders about each token.
Next Cryptocurrency To Explode
Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Base Dawgz, one of the newest memecoin launches on the Base Network. It features a distinctive multi-chain experience with smooth interoperability across various blockchains. The details of its presale and the performance of the top-performing cryptos today are shared below.
1. Zeebu (ZBU)
Zcash is a decentralized cryptocurrency that prioritizes privacy and anonymity. It uses zk-SNARK zero-knowledge proof technology, enabling network nodes to verify transactions without revealing sensitive information. Unlike pseudonymous cryptocurrencies, ZEC transactions do not disclose the sending and receiving addresses or the transaction amount by default.
In contrast to many cryptocurrencies that have struggled under bearish trends, Zeebu has maintained relatively stable prices, demonstrating its strong foundation and investor confidence. Zeebu’s unique proposition as a Web3 payment and settlement platform tailored for the telecom industry has drawn significant interest from investors and analysts, positioning it as a notable player in the evolving crypto market.
Zeebu has rapidly risen from obscurity to prominence in the cryptocurrency market, moving from #2000 to #202 on CoinMarketCap in just a few months. Its innovative Web3 payment platform has attracted investor attention, boosting its market capitalization to an impressive $1.54 billion. Industry insiders are closely watching Zeebu as it nears a significant milestone of $3 billion in settlement volume, highlighting its growing influence in the telecom sector and potential to reshape industry standards.
🧑💼Manage your money effortlessly with Zeebu! 🌐
Traditional billing systems are plagued with errors, delays, and high fees, consuming valuable time and resources. Zeebu transforms the billing experience, offering a streamlined, efficient process that saves time and money. Here's… pic.twitter.com/WL3J0aR5WP
— Zeebu (@zeebuofficial) July 3, 2024
Currently, Zeebu’s native token, ZBU, is trading at $4.62 against the USDT pair, reflecting a 1.77% gain in the last 24 hours. The ZBU token has shown a strong bullish trend with higher highs and higher lows, reaching an all-time high of $4.89—a remarkable 500% gain in just a few months. In contrast, new tokens heavily dependent on social media hype have disappointed investors amid the recent market downturn.
2. Mantra (OM)
MANTRA is a high-quality Layer 1 Blockchain designed for Real World Assets (RWAs) to bring global finance onto the blockchain. As a permissionless chain, it adheres to and enforces real-world regulatory requirements. This allows developers and institutions to easily participate in the evolving RWA tokenization space by providing advanced technology modules, compliance mechanisms, and cross-chain interoperability.
Today, MANTRA and MAG, a leading real estate developer in the UAE, announced a major partnership. This partnership will involve tokenizing $500 million of MAG’s real estate portfolio. With MAG’s total real estate portfolio valued at over $5 billion, this collaboration aims to revolutionize real estate investment through blockchain technology.
The partnership will begin with Keturah Reserve, a luxury residential development in Meydan, Dubai, focusing on transformational living through space design. The collaboration will introduce a real estate financing vault on MANTRA’s compliance-ready Layer 1 blockchain. This initial vault product offers investors an attractive yield derived from an alternative asset class backed by the security of blockchain technology.
🔥 UAE Real Estate Giant #MAG Partners with #MANTRA to Tokenize $500 Million in Real Estate Assets
✅ MANTRA and MAG will collaborate to democratize access to luxury UAE real estate using secure, yield-bearing vault products backed by MANTRA’s L1 technology.
This collaboration… pic.twitter.com/eVrwOUUa9H
— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 3, 2024
OM has shown exceptional performance among the analyzed tokens, with an impressive annual price increase of 3,488%. This significant growth far surpasses other tokens, highlighting its outstanding performance. With a 24-hour surge of 6.17% and high liquidity (0.1565 volume-to-market-cap ratio), OM demonstrates strong market interest and trading activity.
OM’s remarkable long-term gains and a significant rise above its 200-day Simple Moving Average (SMA) of 3,373.67% make it notable. Its neutral Relative Strength Index (RSI) of 30.75 suggests potential stability, setting it apart from Helium, which is currently overbought. Additionally, OM outperformed 95% of the top 100 crypto assets over the past year, showcasing its market dominance.
3. Base Dawgz (DAWGZ)
Base Dawgz is an innovative project in the meme token space. It offers a unique multi-chain experience that advances blockchain interoperability. Based primarily on the Base Chain, this token operates seamlessly across multiple blockchains, such as Ethereum, Solana, Binance Smart Chain, and Avalanche.
Base Dawgz aims to tackle the problem of limited blockchain interoperability. Using advanced technologies like Wormhole and Portal Bridge, $DAWGZ allows users to easily claim, store easily, and trade tokens across different blockchain networks. This feature distinguishes Base Dawgz in the crowded meme token market, addressing the often siloed nature of blockchain ecosystems.
The project is in its presale phase, with tokens priced at $0.005534. The presale has already raised an impressive $2,3, indicating strong investor interest in this multi-chain concept. This early success suggests a growing appetite for tokens with enhanced flexibility and cross-chain functionality.
Congrats $DAWGZ
We reached $2.3 million raised! Let's keep pushing to 2.5! pic.twitter.com/uoAr2OMTGo
— Base Dawgz (@BaseDawgz) July 2, 2024
Base Dawgz plans to launch a “Be Social for Airdrop” campaign, rewarding users with $DAWGZ tokens for engaging with the project’s social media networks, especially on X (formerly Twitter). Participants can earn points by creating and sharing content, which can be redeemed for tokens after the presale. This strategy encourages community engagement and helps the project’s visibility grow organically.
Base Dawgz represents an exciting development in the meme token space, combining the viral appeal of meme culture with significant technological innovation. Its multi-chain approach could set a new standard for token accessibility and usability across different blockchain ecosystems. However, as with all cryptocurrency investments, particularly those in the presale stage, potential investors should thoroughly research and consider the inherent risks before participating.
4. Beldex (BDX)
The BDX price has increased by 3.57% in the last 24 hours and surged 19.29% over the past month. Additionally, the altcoin has gained 11.83% in the past 30 days, suggesting a positive long-term outlook for the cryptocurrency.
Currently, Beldex is trading at $0.03851. It has a circulating supply of 6,447,708,970 BDX and a total supply of 9,925,088,970 BDX. With a market capitalization of $248.296 million, Beldex ranks 218th in the global crypto market.
Get ready for Live X Spaces and exciting prizes🤩
Beldex will participate in the live session hosted by Zelcore at 01:00 PM UTC on the 3rd of July, 2024.
1️⃣Follow @BeldexCoin & @zelcore_io
2️⃣Like & RT
3️⃣Ask a question during the Space!Set your reminder:… pic.twitter.com/a0MrUMOcR7
— Beldex.bdx (@BeldexCoin) July 1, 2024
The technical indicator RSI is moving towards its mid-point after a significant increase from the underbought range. Additionally, the average trendline indicates a high chance of bullish convergence, highlighting uncertainty in future price movements. If the bullish momentum continues, Beldex’s price might soon test its upper resistance level of $0.050. Conversely, if the market is dominated by bears, the BDX coin price could drop to its lower support level of $0.032.
5. BinaryX (BNX)
BinaryX ($BNX) is the main cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products and games that use $BNX. Initially, BinaryX was a decentralized derivative trading system. However, the team shifted its focus as GameFi and Metaverse games became popular. They began developing decentralized video games and are now transitioning to a GameFi platform. This platform offers IGO services to help Web2 developers move to Web3.
Today, BNX’s price is $1.01, reflecting a 17.44% increase in the last 24 hours. The market cap has also grown by 17.44%, reaching $372,017,819. The 24-hour trading volume surged by 353.59%, totaling $100,299,360. Although BNX is trading below the 200-day SMA of $0.855979, it has experienced 17 green days in the last 30 days, which is 57%.
The 14-day Relative Strength Index (RSI) also stands at 49.65, suggesting the cryptocurrency is neutral and may trade sideways. The sentiment for BinaryX price prediction is currently bullish. Meanwhile, the Fear & Greed Index is at 50 (Neutral), indicating increased token transactions and growing optimism about an uptrend.
BNX has strong fundamentals and support from a dedicated crypto community, giving it the potential to achieve significant growth in the future. If the BNX project announces any collaborations with other networks, the maximum price of the BNX Coin could exceed $2 by 2024.
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