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The altcoin market is fluctuating, but 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 The Meme Games. The Meme Games combines the trill of the Olympics with meme coins to give crypto enthusiasts a fun and competitive presale event. This post covers the details of its presale.
1. Neiro Ethereum (NEIRO)
In August, Neiro Ethereum was the top-performing meme coin, delivering a massive 771% gain to its investors. According to CoinMarketCap, NEIRO increased by over 74% in a single day, trading around $0.06107.
Neiro Ethereum stands out because of its zero buy/sell tax and the absence of team tokens, showing a community-driven approach. It aims to rival top meme coins like Dogecoin. With a market capitalization of $61.44 million, NEIRO is ranked 440th in the crypto market. Additionally, its daily transaction volume surged by 125.45%, reaching $58.27 million. Despite a recent pullback, price analysis indicates a long-term bullish trend as the NEIRO price hovers near the $0.116 support level.
If the bulls return and the price rebounds, this could signal a trend continuation, leading to more gains. However, if NEIRO falls below its support level, it may suggest short-term weakness and potential losses.
With a total supply of 1 billion tokens, Neiro Ethereum saw an impressive 778% surge last month, although it has since dropped by 9.14% on the weekly chart. NEIRO’s listing on exchanges like Bybit is expected to boost its market presence and liquidity.
2. Curve DAO Token (CRV)
Curve DAO (CRV) has recently seen a small price rise, offering investors a possible entry point. The altcoin has faced market volatility but still presents an opportunity for those who missed earlier dips. Currently, CRV’s price sits in a demand zone, showing strong buying interest.
In the last 24 hours, CRV experienced a significant 7.51% surge. This jump follows a drop in the token’s inflation rate to 6.35% in mid-August, sparking renewed interest from investors and opening the door for future growth. With fewer new CRV tokens entering the market, the reduced supply could push prices higher.
The token’s price has fallen over 30% since launch, but the expected supply decrease could lead to a price rebound. On August 13, rumors of the inflation rate drop fueled a 71.90% jump in trading volume, reaching $244 million—a two-month high. This spike reflects rising market interest in CRV and supports its recent price increase.
Don't forget that veCRV very well amplifies farming of @defidotmoney, and you'd get most of it if you do MONEY/crvUSD pair https://t.co/iyTx0NFBNz
— Curve Finance (@CurveFinance) September 3, 2024
If CRV keeps up its bullish momentum and breaks through Leadership Area B on the Ichimoku Cloud, it could reach $0.44 or even $0.54. On the other hand, if the market turns bearish, the price may fall below the cloud, potentially dropping to $0.18.
3. The Meme Games (MGMES)
The Meme Games, a new meme coin, is wrapping up its presale on 8 September, aligning with the last day of the Paralympics in Paris. Token claims and decentralized exchanges (DEXs) launches will follow on 10 September. With only three days left, investors still have time to buy and receive a 25% token bonus as the fundraising crosses the $400k mark.
In The Meme Games, five popular meme coins compete in Olympic-style races. Participants can purchase $MGMES tokens and pick a competitor from PEPE, DOGE, BRETT, TURBO, or WIF. If your chosen coin wins, you earn a 25% bonus. Players can join multiple times, increasing their chances of success.
Priced at $0.0094, $MGMES might never be this low again, making now a great time to jump in. However, this presale will end in less than four days, so interested parties must make up their minds right away.
Time’s ticking! ⏳ Only 3 days left until the Meme Games presale ends!
Choose your meme champion and secure a 25% bonus if they win before the #Presale closes! 🔐
Hurry, the clock stops on September 8th at 10 AM UTC! 🔥
Join now! 👉 https://t.co/6oUlx6rUVU pic.twitter.com/qji1kKwmpr
— The Meme Games (@MemeGames2024) September 5, 2024
Experts predict $MGMES could rise sharply after its DEX launch thanks to its unique gamification. Every race is provably fair, and each coin has a 20% chance of winning, adding excitement to the competition.
4. Ravencoin (RVN)
Since the start of 2024, Ravencoin (RVN) has shown noticeable volatility, with bulls trying to regain control. The overall outlook remains neutral, as buyers need to maintain momentum. However, support levels around $0.01 and $0.009 may offer attractive entry points for bullish investors.
Ravencoin saw a bullish correction on the daily chart after sellers failed to lower the price. In the last 24 hours, RVN experienced a slight upward movement, with the price reaching $0.01638, marking a 7.5% increase. Its trading volume also surged by 63.40% to $11.38 million, indicating growing market interest.
Ravencoin stands out for its origin as a fork of Bitcoin (BTC), designed to simplify the creation and transfer of digital assets. It uses Bitcoin’s proof-of-work consensus, ensuring a secure technical foundation.
While the RVN price has been on a recent downward trend, a recovery in BTC above $65K could drive a rebound for Ravencoin. If this happens, RVN could be the next crypto to explode.
5. Neo (NEO)
Neo (NEO) has shown resilience despite market fluctuations, recently displaying an upward trend. This recovery reflects positive market signs and a strong performance compared to broader trends. Although Neo has a smaller market cap, it has achieved significant growth despite being prone to sudden price changes.
Neo operates with a dual-token system, using both NEO and GAS. NEO is used for governance, allowing holders to stake and participate in decisions, while GAS powers network transactions.
Neo’s use of the Proof of Stake (PoS) and delegated Byzantine Fault Tolerant (dBFT) protocol ensures secure and democratic governance, making the network transparent and resistant to threats.
A new month begins, and a new round of competition opens! 🏃♂️
Join the NeoPod ambassador program where the top 10 Operators will share from a pool of $GAS valued at $1,000.
Climb the leaderboard and win! 🏅https://t.co/8E8OsCWY48 pic.twitter.com/mvlLD1itiL
— Neo Smart Economy (@Neo_Blockchain) September 5, 2024
As of press time, Neo exchanged hands at $9.53, up 3.06% in the past 24 hours. Its liquidity remains strong, with a volume-to-market cap ratio of 0.0584. The 14-day RSI is at 53.23, indicating potential sideways movement. Although Neo trades 18.35% below its 200-day SMA, it has surged 43% over the past year, outperforming nearly half of the top 100 cryptocurrencies by market cap.
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