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Cryptocurrency prices have been rising recently and the overall market sentiment is positive. Recently, Bitcoin (BTC) has been hovering around $64,000 and Ethereum (ETH) has also been struggling to reach $3,500, which has caused mixed emotions among investors.
However, identifying the next cryptocurrency that could explode can take some work, as most money is drawn to hype assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers’ list over the past 24 hours. The goal is to identify coins with some potential and introduce each token to investors and traders.
Cryptocurrencies that could explode next
Today’s article discusses the performance of potentially explosive cryptocurrencies that investors should add to their watchlist. It also specifically mentions Base Dawgz, one of the latest memecoin launches on the Base Network. It has a unique multi-chain experience that allows for smooth interoperability between various blockchains. Its presale details are shared below along with the performance of today’s top performing cryptocurrencies.
1. Toncoin (TON)
Toncoin (TON) has seen growth in today’s trading, which is reflected in its price action. Analysis shows that the price of Toncoin follows an uptrend within a fork channel. Furthermore, the MACD shows a bullish crossover, while the histogram increases, indicating upward momentum. At the time of writing, Toncoin is trading at $7.71, up $7.091T over the past 24 hours.
Since the beginning of June, Toncoin (TON) has surpassed Ethereum (ETH) in terms of daily unique addresses and transactions. On June 3, Toncoin reached a year-high of 568,300 unique addresses, 62% higher than Ethereum's 351,400. In addition, Toncoin has been having more daily transactions than Ethereum since March 12, reaching a peak of 9 million transactions on May 17.
Toncoin’s popularity has risen due to the influence of Telegram’s 900 million users. People are now comparing Toncoin and Ethereum more frequently. Recently, TON’s price rebounded from a low of $6.76 on June 11 to $7.71, and its trading volume grew by more than 100%. This positive trend and high profit-to-loss transaction ratio indicate an increase in the token’s market activity.
Analysts predict that the bull trend is likely to continue, anticipating that TON could soon reach a double-digit value, with the open network benefiting from Telegram’s massive user base, increasing its visibility and utility.
The market remains optimistic as Toncoin surpasses Ethereum in key metrics. Detailed analysis by industry experts shows that its future growth potential is huge. The network’s innovative features and strategic collaborations lay the foundation for Toncoin’s bright future in the cryptocurrency world as it continues to surpass Ethereum in terms of user engagement and market confidence.
2. JasmyCoin (JASMY)
Despite the current bearish trend in the cryptocurrency market, tokens like JASMY are performing well. In the past 24 hours, JASMY’s trading volume on Binance exchange exceeded that of Cardano (ADA) and Fantom (FTM). JASMY is another emerging altcoin star, with its trading volume increasing to $175.15 million in a day. This significant increase in activity indicates an increase in interest and confidence in the project.
JasmyCoin (JASMY) is one of the top gainers today. A detailed analysis shows that the price of JasmyCoin is above the super trend line, which indicates a possible bullish trend. However, the average directional index (ADX) is 23.40, which indicates a weak trend strength. As of the time of writing, JasmyCoin is trading at $0.03159, up 8.64% over the past 24 hours.
Multiple factors have contributed to JASMY's good performance. First, the JASMY community's strong belief in the coin's potential supports its positive outlook. In addition, JASMY's team is making strategic progress. They have set an ambitious price target of $17 by 2026, reflecting confidence in the project's fundamentals and long-term prospects.
Recent partnerships with companies like Panasonic have strengthened its adoption, leading to a massive 15% surge in price and pushing it to the critical $0.028 resistance level. Crypto analysts predict that if this level is breached, the price could reach $0.040 by Q4 2024. Furthermore, the recent massive purchase of 208 million JASMY tokens worth $6.2 million, which were transferred from Binance to cold storage, further reinforces these predictions.
3. Base Dawgz (DAWGZ)
Base Dawgz ($DAWGZ) is about to hit a major milestone. It raised $1.9 million in its presale and is quickly approaching the $2 million mark for its initial coin offering (ICO). With less than two days until the next price increase, now is a good time to get involved.
Base Dawgz is a meme coin inspired by the base jump and Shiba Inu memes. It has attracted the attention of the cryptocurrency community with its strong fundraising performance. The presale raised $200,000 on the first day and exceeded $1 million within a week. Currently, the token is priced at $0.00527 and its value is steadily increasing.
Base Dawgz is about to launch its staking protocol, which is an exciting development. Investors who participated in the presale and staked their tokens after the launch of staking will receive retroactive rewards. This unique incentive rewards early adopters.
Base Dawgz runs on multiple blockchains including Base, Ethereum, Solana, Binance Smart Chain, and Avalanche. The multi-chain functionality of this new meme coin allows users to switch networks without paying additional fees, expanding the reach and potential applications of the token. Due to its cross-chain interoperability, $DAWGZ is destined to lead the meme coin market. Some believe it could become the next 100x meme coin on the Base chain.
The project has an innovative share-earning protocol that rewards supporters for promoting $DAWGZ on social media platforms. Meme creators can also earn $DAWGZ tokens as rewards. The pre-sale timer is about to count down, and this is the last chance to get $DAWGZ tokens at the current price before the next price increase.
Join the Base Dawgz presale now!
4. GMX (GMX)
GMX is a decentralized exchange (DEX) that allows long-term cryptocurrency futures trading on major cryptocurrency tokens such as Bitcoin (BTC) and Ethereum (ETH) with a maximum leverage of 50x. It was launched on the Avalanche chain in September 2021 and has attracted considerable market attention.
Recently, GMX has experienced a drop of approximately 10% in the past week. However, it has gained more than 6% in the past 24 hours and more than 50% in the past month. Currently, the GMX token is trading at $28.82 with a circulating supply of 16,175,215 tokens and a market cap of $274.955 million, ranking 190th in the global cryptocurrency market.
At the time of writing, GMX is trading at $28.82, showing an intraday growth of 6.09%. Some analysts are optimistic about the cryptocurrency and believe that it could reach $60.0. For this to happen, the price must remain above the critical support level of $41.0. Despite this optimism, the overall market sentiment towards GMX is currently pessimistic. However, the Fear and Greed Index is 55 (Greed), indicating more trading of the coin and optimistic expectations for an uptrend.
5. Brett (Based) (BRETT)
Brett (BRETT), known as the Best Friend of Pepe Memecoin, is part of the base on-chain. This novel coin is showing good momentum despite recent volatility. Short-term indicators suggest cautious optimism with prices rising over the past month. Support levels are strong while resistance points could pose potential challenges. Market sentiment for Brett remains generally positive, reflecting strong community support.
Currently, BRETT is trading between $0.13 and $0.19. Its price has fallen by 0.92% in the past week, but it has risen by 187.63% in the past month and more than 400% in the past six months. The nearest resistance level is $0.22, while the support level is $0.09. The price is in a correction phase with the RSI at 45.95 and the Stochastic at 16.42. The 10-day SMA is $0.16, while the 100-day SMA is $0.14.
Furthermore, Brett’s market cap has grown to $1.46 billion. In the past 30 days, 20 of them were up days, accounting for 67% in that period. The current sentiment for the BRETT price prediction is bullish. The Fear and Greed Index is 55 (Greed), indicating an increase in coin trading and an increase in optimistic expectations for an uptrend.
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– Brett (@BasedBrett)
June 20, 2024
EOS has solid fundamentals and loyal crypto community support, which makes it likely to achieve significant growth in the future. If the positive trend continues, it may increase visibility and adoption, leading to further development and mainstream recognition. However, investors should monitor resistance levels and overall market conditions.
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