{"id":550330,"date":"2024-07-12T14:30:23","date_gmt":"2024-07-12T14:30:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=550330"},"modified":"2024-07-12T14:30:23","modified_gmt":"2024-07-12T14:30:23","slug":"next-cryptocurrency-to-explode-friday-july-12-ftx-token-mantra-singulritynet-xrp","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-friday-july-12-ftx-token-mantra-singulritynet-xrp","title":{"rendered":"Next Cryptocurrency to Explode Friday, July 12 \u2014 FTX Token, MANTRA, SingulrityNet, XRP"},"content":{"rendered":"

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.<\/span><\/p>\n

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 <\/span>next cryptocurrencies to explode<\/span><\/a> 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. <\/span><\/p>\n

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

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.<\/span><\/p>\n

1. FTX Token (FTT)<\/b><\/h3>\n

FTX is a centralized crypto exchange started by Sam Bankman-Fried in 2019. Major trading firms like Almeda Research, OTPP, Temasek, BlackRock, Coinbase Ventures, and Sequoia Capital support it. By 2022, FTX had over a million registered users and daily trading volumes in the billions.<\/span><\/p>\n

After FTX collapsed in November 2022, the FTT token’s value plummeted. It dropped from $25.43 in October 2022 to $1.62 in November 2022. Since then, the FTT token has experienced significant fluctuations but remains far from its previous high.<\/span><\/p>\n

FTX has created a repayment plan to address its financial obligations. This plan involves using a portion of reserved FTT tokens to compensate affected users. The goal is to restore trust and maintain FTX’s reputation as a reliable trading platform. The repayment plan comes after financial discrepancies and aims to correct past mistakes and reassure users.<\/span><\/p>\n

\"FTX<\/p>\n

Experts generally view FTX’s repayment plan as a strong move towards financial responsibility. FTX shows commitment to its users by addressing past issues, which could positively affect FTT’s future. Economic analysts suggest that if FTX manages the repayment process effectively, FTT could see significant growth.<\/span><\/p>\n

Currently, FTT is priced at $1.30, reflecting an 8.23% increase in the last 24 hours. The market cap has also risen by 12.55%, now at $502,428,205. Despite the bearish price predictions, the Fear & Greed Index is at 71 (Greed), indicating a rise in token transactions and growing optimism for an uptrend.<\/span><\/p>\n

2. MANTRA (OM)<\/b><\/h3>\n

MANTRA DAO is a DeFi platform managed by its community. It offers various financial services like staking, lending, and governance. This focus on community involvement and strong DeFi solutions has attracted considerable attention. The platform’s growing ecosystem and strategic partnerships highlight its potential for long-term growth.<\/span><\/p>\n

MANTRA (OM) has been fluctuating between $0.71 and $0.99, showing a battle between bears and bulls. Despite recent declines, the token’s price has surged over 1300% in the past six months. It is stabilizing just below its 10-day Simple Moving Average of $0.97, with the first resistance level at $1.08.<\/span><\/p>\n

\"MANTRA<\/p>\n

If it breaks this resistance, it could target the next level at $1.34, representing a potential 40% increase from its current range. The Relative Strength Index (RSI) is at 46.22, indicating neutral conditions and potential for upward movement.<\/span><\/p>\n

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🔥 UAE Real Estate Giant #MAG<\/a> Partners with #MANTRA<\/a> to Tokenize $500 Million in Real Estate Assets<\/p>\n

✅ 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.<\/p>\n

This collaboration… pic.twitter.com\/eVrwOUUa9H<\/a><\/p>\n

— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 3, 2024<\/a><\/p><\/blockquote>\n