{"id":567930,"date":"2024-08-22T18:50:11","date_gmt":"2024-08-22T18:50:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=567930"},"modified":"2024-08-22T18:50:11","modified_gmt":"2024-08-22T18:50:11","slug":"next-cryptocurrency-to-explode-thursday-august-22-fantom-tectum-beam-rari","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-thursday-august-22-fantom-tectum-beam-rari","title":{"rendered":"Next Cryptocurrency to Explode Thursday, August 22 \u2014 Fantom, Tectum, Beam, RARI"},"content":{"rendered":"

Cryptocurrency prices have been on the rise lately, and the overall feeling in the market is favorable. Recently, Bitcoin (BTC) has been hovering around $61K, and Ethereum (ETH) is striving to approach $3,000, creating mixed sentiments among investors.<\/span><\/p>\n

Identifying the<\/span> next cryptocurrencies to explode<\/span><\/a> might take 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. <\/span><\/p>\n

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

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

1. Fantom (FTM)<\/b><\/h3>\n

Fantom’s price has recently risen above $0.40, even with the market facing a downturn. In the last 24 hours, the price surged by 16.41%, reaching $0.458095. The trading volume for the day was $751.03 million, and its market cap stands at $1.28 billion, giving Fantom a market dominance of 0.06%.<\/span><\/p>\n

The recent price increase shows growing investor confidence and more market activity. Earlier in August, Fantom’s value dropped sharply due to a broader market decline, reducing open interest contracts to $47 million. However, within a week, open interest contracts grew by 50%, reaching $75 million. This rise suggests increased liquidity and renewed interest in Fantom.<\/span><\/p>\n

\"Fantom<\/p>\n

Moreover, Fantom’s transaction volume jumped from $50 million to $200 million in the same week. This sharp rise indicates that more traders and investors are participating in the market.<\/span><\/p>\n

Fantom’s price increased by 127% over the past year, putting it ahead of 69% of the top 100 crypto assets. Although Fantom is still 87% below its all-time high, its market cap and a low yearly inflation rate of 0.05% position it well for future growth.<\/span><\/p>\n

2. Tectum (TET)<\/b><\/h3>\n

Tectum is a decentralized and open-source cryptocurrency designed to offer a fast, low-cost, and privacy-focused platform. As a third-generation Layer 1 blockchain, it boasts an impressive transaction processing speed of 3.5 million transactions per second. This capability enables Tectum to effectively address the scalability challenges associated with Bitcoin payments, making it one of the fastest blockchains in the world.<\/span><\/p>\n

\"Tectum<\/p>\n

Tectum’s price increased by 30.70% in the past 24 hours and 65.11% over the past week. The current sentiment for Tectum Token (TET) is bullish, even though the Fear & Greed Index is at 39 (Fear). However, the 30.70% price rise and a 55% increase in 24-hour trading volume suggest that TET is on an upward trend.<\/span><\/p>\n

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How Tectum is Enabling People to Own and Spend Crypto<\/p>\n

Wouldn’t it be nice to be able to spend your crypto in ways that you want to?
With the Softnote you can!<\/p>\n

🔹Simplifying Transfers
🔹Cheapest Gas Fees
🔹Instant Transfers
🔹Unrestricted Global Payments
🔹Enabling the Use of… pic.twitter.com\/Qzecb3OF0B<\/a><\/p>\n

— Tectum (@tectumsocial) August 21, 2024<\/a><\/p><\/blockquote>\n