{"id":536524,"date":"2024-06-16T07:01:29","date_gmt":"2024-06-16T07:01:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=536524"},"modified":"2024-06-16T07:01:29","modified_gmt":"2024-06-16T07:01:29","slug":"next-cryptocurrency-to-explode-saturday-june-15-ethereum-name-service-raydium-safepal-rocket-pool","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-saturday-june-15-ethereum-name-service-raydium-safepal-rocket-pool","title":{"rendered":"Next Cryptocurrency to Explode Saturday, June 15 \u2014 Ethereum Name Service, Raydium, SafePal, Rocket Pool"},"content":{"rendered":"

The altcoin sector is gaining attention, and various parts of the crypto world are seeing a resurgence in demand. Similarly, Metaverse tokens are picking up speed, hinting at an upcoming bull run and signaling the potential start of an altseason.<\/span><\/p>\n

With expectations of a bull market, altcoins are poised for significant gains this week. Analysts think this might produce more <\/span>explosive performance<\/span><\/a> for meme coins. However, Bitcoin’s dominance has overall gone up this year, showing that the market is mixed.<\/span><\/p>\n

Next Cryptocurrency To Explode<\/b><\/h2>\n

Attention in the crypto market in the coming month will be directed toward altcoins and meme coins as the market anticipates a bull run. Investors can capitalize on the moment and take a position in upcoming tokens like the 99Bitcoins token. 99Bitcoins token’s transition from the ERC-20 to the BRC20 token standard enables developers to create a new token standard. This post covers the details of its presale.<\/span><\/p>\n

1. Ethereum Name Service (ENS)<\/b><\/h3>\n

The Ethereum Name Service (ENS) is a decentralized system that changes complicated Ethereum wallet addresses into simple, human-readable names. It works like traditional domain name services do for websites. ENS takes the long, complex strings of characters in Ethereum addresses and converts them into easy-to-recognize words or phrases. This makes sharing and interacting with Ethereum addresses much easier for individuals and businesses.<\/span><\/p>\n

This week, Ethereum was the second-highest-traded NFT network. Known for supporting many top-tier non-fungible token collections, Ethereum’s NFT sales reached $40 million in the past seven days, a 17% increase from the previous week.<\/span><\/p>\n

\"Ethereum<\/p>\n

The Ethereum Name Service also saw significant growth today, rising 13.5% to $22.56. Its market capitalization is currently about $682 million, and its average daily trading volume is around $142 million, which jumped by 118.36% in the last day.<\/span><\/p>\n

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.@Optimism<\/a> recently introduced the Superchain Identity powered by @3dns_inc<\/a>, featuring https:\/\/t.co\/q4dhIhLitf<\/a> and https:\/\/t.co\/zVZ7FXeh8N<\/a> ENS subnames 🦾 https:\/\/t.co\/DUdiV4K6ff<\/a><\/p>\n

— ens.eth (@ensdomains) June 14, 2024<\/a><\/p><\/blockquote>\n