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Cryptocurrency prices have risen sharply recently, and the overall market sentiment is optimistic. Recently, the price of Bitcoin (BTC) has stabilized around $61,000, while Ethereum (ETH) has struggled to break through $3,500, which has caused different emotions among investors.
However, it may take some effort to find the next cryptocurrency that could break out, as most of the money is attracted to the driving assets. Today's article explores the performance of the cryptocurrencies that have dominated the gainers list over the past 24 hours. The goal is to identify coins with potential and educate investors and traders on the case of each coin.
The next cryptocurrency that could explode
Today’s article discusses the performance of potentially explosive cryptocurrencies that investors should add to their watchlist. The article specifically mentions Base Dawgz, the latest memecoin launch on the Base Network, which features a smooth interoperability experience between various blockchains. The following content shares its pre-sale details and the best performing cryptocurrencies today.
1. Rollbit Coin (RLB)
Rollbit is a popular cryptocurrency casino and sports betting platform. Founded in 2019, it offers a variety of games, sports betting, futures trading, and NFT options. Rollbit makes it easy to get started with cryptocurrency trading and gaming, supporting multiple cryptocurrencies and no KYC required.
RLB is the native token of the Rollbit casino and exchange, which provides discounts and rewards to users who purchase the coin. Last week, the price of RLB increased by 41%. The increase was due to the casino's announcement that it would destroy RLB tokens.
Token burns, where a project permanently destroys a portion of its token supply, often lead to price increases due to scarcity in the circulating supply. In the past 24 hours, the RLB token has risen by more than 8% to reach a price of $0.08283. In addition, daily trading volume surged by 310.22% to $2.2 million. Based on these trends, the RLB token has the potential to see significant growth.
2. Ribbon Finance (RBN)
Ribbon uses financial engineering to design structured products that provide sustainable returns. Its first product focuses on achieving returns through automated option strategies. In addition, the protocol allows developers to create a variety of structured products by combining different DeFi derivatives.
Today, RBN’s price is $0.5113, having gained more than 7.5% in the last 24 hours. The market cap has also grown by 7.37% to $8049,1908. Meanwhile, the 24-hour trading volume has increased by 0.68% to $1510,148. Ribbon Finance is trading 136.32% above its 200-day simple moving average. Despite these gains, the coin has only been in the green 12 days out of the last 30 days, accounting for 40% of the time.
RBN’s price prediction is bullish, despite the Fear and Greed Index being at 47 (Neutral). This indicates growing optimism about an upward price trend.
3. Base Dawgz (DAWGZ)
Base Dawgz is a memecoin that has successfully weathered the market downturn. It has raised over $2,200,000 in less than a month since its launch. As the memecoin industry begins to recover, investors are looking for the next leading contender, and the memecoin on the new Base chain has piqued their interest. They hope to find a project that can match or even surpass the success of Brett ($BRETT), and Base Dawgz seems to be such a competitor.
Base Dawgz’s growing community and significant fundraising have caught the attention of Solana memecoin fans. This has even caused concern among those who support the Dogwifhat ($WIF) token. The presale of DAWGZ is still ongoing and was initially priced at $0.00479, which has now risen to $0.005534.
Base Dawgz will be the next big success on the Base chain. Why? Because it is not limited to a single blockchain. Base Dawgz plans to operate on multiple chains. $DAWGZ tokens will be minted on Base and, utilizing Wormhole and Portal Bridge technology, can be claimed, stored, and traded on Ethereum, Solana, Binance Smart Chain, and Avalanche.
Being able to trade on multiple chains provides greater liquidity, making it easier for traders to buy, sell, and trade regardless of which wallet they are using. This increased accessibility encourages more active trading, providing greater opportunities for profit. However, investors must act quickly, as the opportunity to buy $DAWGZ at the current lower price will end in less than two days.
4. Kaspa (KAS)
Most altcoins have experienced significant declines over the past month, with Bitcoin (BTC) prices falling to $60,000. Despite the high volatility in the market, Kaspa (KAS) has bucked the trend and shown a sustained growth trend. The recent rally has seen KAS gain 20.77% in seven days, reaching an all-time high (ATH).
At the time of writing, KAS is trading at $0.1949, having gained 8.61% in the past 24 hours. Additionally, Kaspa’s trading volume increased by 126.36% to $169.1 million. CoinMarketCap reports that KAS’s market cap grew by 8.63% to $4.69 billion, surpassing ICP and PEPE. This continued growth has led cryptocurrency analysts to speculate on further gains.
Several factors contributed to this positive market sentiment. First, according to Mr. Kaspa, KCA20 will be launched soon. In addition, the largest cryptocurrency mining company Marathon has started mining Kaspa. Official reports say that Marathon has mined 93 million KAS worth $16 million.
Kaspa had reached an all-time high of $0.19 earlier this month, driven by positive market sentiment and investor confidence. Despite recent volatility, Kaspa has shown resilience and maintained its upward trend. Technical indicators such as moving averages and relative strength index show bullish sentiment, with possible price targets of $0.2, $0.3, and possibly even $0.5. If Kaspa continues on this path, it could see significant growth in the third quarter.
Timing is critical to capitalizing on Kaspa’s growth. During market bubbles, prices may rise sharply, then
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