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Earning a significant return on investment during a bull run may mean keeping an eye on memecoins and other altcoins that have the potential to explode. However, identifying the next cryptocurrency that could explode may take some work, as most funds are attracted to pump-and-dump 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 the next cryptocurrencies that could explode and introduce each coin to investors and traders. The article also includes an overview of market trends for crypto assets that have the potential to make significant gains in the future.
The next cryptocurrency that could explode
Now is the time for investors and traders in the market to take a position to extend gains or take advantage of emerging trends. Experts believe that investors are more likely to find the next cryptocurrency that could explode in upcoming cryptocurrency projects. With this in mind, investors should explore the potential of Mega Dice. The project aims to reward existing casino users, as well as attract new ones. Here is an update on the project and its prospects.
1. Curve DAO Token (CRV)
Curve is a decentralized exchange specializing in stablecoin trading. It uses an automated market maker (AMM) to manage liquidity. It introduced a decentralized autonomous organization (DAO) with CRV as its native token. The DAO is built on Ethereum's Aragon and uses various smart contracts to efficiently manage the liquidity of user deposits.
Curve is very influential in the DeFi space due to its focus on stablecoin trading. The DAO and CRV tokens increase profitability by rewarding users based on the amount and duration of liquidity they provide. The growing popularity of DeFi trading highlights the importance of Curve, and AMM provides users with a lot of liquidity and profits.
Curve attracts DeFi enthusiasts who participate in yield farming and liquidity mining. It provides stable returns through stablecoins and generates income through tips paid to liquidity providers.
Recently, CRV rose to $0.2839, up 6.87% in the past 24 hours. It has high liquidity with a circulation-to-market ratio of 1.0273, a market cap of $341,591,641, and a 24-hour trading volume of $117,196,808. The 14-day RSI is 56.19, indicating neutral trading. In the past 30 days, CRV has 13 positive trading days (43%) and a 30-day volatility of 17%.
Separately, Binance announced the launch of a new CRV perpetual contract with a maximum leverage of 25x. The announcement by this major cryptocurrency exchange has sparked optimism in the Curve DAO token (CRV) market. The decision was made amid the ongoing CRV liquidation crisis, pushing up the token’s price and market sentiment. The CRV-USDC perpetual contract goes live on Binance Futures on July 4, 2024.
2. Livepeer (LPT)
Livepeer is the first fully decentralized live video streaming protocol. It aims to provide a cost-effective blockchain-based alternative to centralized broadcasting. Producers can upload their content and Livepeer takes care of reformatting and distribution. LPT is essential for network operations, platform security, and participant rewards.
Livepeer allows users to use decentralized computing power and earn cryptoeconomic rewards. The platform supports a variety of applications, including pay-per-use content, automatically scaling video services, uncensorable live news, and video-enabled decentralized applications.
In addition, Livepeer uses a modified Delegated Proof of Stake (DPoS) consensus mechanism that is more environmentally friendly and scalable than the traditional Proof of Work system. This, combined with Ethereum's extensive DApp ecosystem, improves the platform's usability and security, making Livepeer a leader in the live video streaming industry.
LPT has gained 3.97% in the past 24 hours and is currently valued at $13.72. It has high liquidity with a circulation-to-market ratio of 0.1097, supporting intense trading activity. With an RSI of 44.63, LPT is expected to remain sideways, similar to ENS and TRAC. However, in the past 30 days, LPT has only risen on 10 days, less than ENS, TRAC, and FTM.
Despite this, its volatility is 13%, which is higher than ENS and TRAC. LPT’s price is 120.83% above its 200-day simple moving average, showing significant growth. Over the past year, LPT’s price has increased by 212.88%, surpassing the 77% of the top 100 crypto assets, making it one of the stronger gainers.
3. Mega Dice (DICE)
Mega Dice is a GameFi cryptocurrency project on the Solana network. Recently, it raised over $1.6 million, approaching $2 million. The project combines gaming and cryptocurrencies, focusing on gamblers on its platform and holders of DICE tokens. The current price of DICE tokens is $0.0866, but this price will rise in the next four days. Potential investors should consider joining before these price changes.
Mega Dice has introduced a refer and earn program. The program rewards users by giving them a percentage of their referrals’ spending for bringing in new participants. In addition, the project has launched an aggressive airdrop strategy that will distribute $2.25 million over three quarters.
Season 1 focused on active players who bet at least $5,000 over a 21-day period, with a prize pool of $750,000. Season 2 ended on June 28, and Season 3 continues these incentives, adding an additional $1.5 million in rewards before the DICE token is listed to encourage continued activity.
Additionally, token holders can earn rewards through staking, receiving daily payouts based on the casino’s profits.
Mega Dice also offers NFTs to VIP players and a referral commission of 25% to increase engagement and activity on the platform. Overall, Mega Dice offers an exciting opportunity at the intersection of gaming and cryptocurrency, with a variety of incentives and reward mechanisms designed to keep users engaged.
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4. SingularityNet (AGIX)
The artificial intelligence token SingularityNET (AGIX) has gained more than 15% in the past 24 hours and is currently priced at $0.6088. Despite facing a bearish trend and volatility over the past month, AGIX has shown strong upward momentum in the past 24 hours. Moreover, the token has gained 125.28% in the past year, showing potential for growth. This rise has brought its market cap to $740 million.
Technical analysis shows that AGIX is gaining momentum and continuing its upward trend. The support level was confirmed at $0.60, which boosted confidence in the trend of the coin. Decilizer predicts that AGIX may reach the target of $1.40 earlier than expected.
After being rejected at the yearly high near $1.40, AGIX started trading inside a descending parallel channel. The price recovered well after the bounce and the support level is expected to hold for a while. Increasing trading volumes, driven by buyers, suggest that another upside push could help AGIX break above the upper resistance of the channel.
The recent rise in FET and AGIX prices highlights the growing attention on AI-focused blockchain projects. With the merger with ASI and potential collaborations with platforms like Injective approaching, these tokens will likely continue to outperform the overall cryptocurrency market. If AI tokens continue to benefit from the crypto market, the AGIX token price could soon reach highs of $1. On the other hand, if investors start taking profits, SingularityNET price could drop to the $0.380 support level.
5. Jito (JTO)
In December 2023, the Jito (JTO) token airdrop brought widespread attention to the Solana blockchain, which had been facing difficulties. The event also highlighted the importance of liquid staking on Solana and gave holders the power to influence the platform’s governance.
For Solana enthusiasts, the emergence of the JTO is very important because it enables users to participate in the governance of one of the network’s largest liquid staking protocols. People associated with the protocol are likely to be interested in the token.
Jito (JTO) is maintaining a stable value between $2.04 and $2.75. This shows that the strength of buyers and sellers is equal. The coin is slightly below its 10-day moving average at $2.41, showing a slight uptrend. If Jito breaks above the first resistance level of $3.07, it might see further gains.
JITO price has seen a bullish rally over the past 24 hours as buyers defended the immediate support level, leading to a recovery above $2. The 24-hour trading volume increased by 25.35% to $45.08 million, indicating more active trading activity today. JITO is trading at $2.04, having gained more than 3.20% over the past 24 hours.
Looking ahead, Jito could reach the second resistance level of $3.72 with an upside of 35%. Although the coin has lost 37% in a challenging month, its nearly 6-month growth of nearly 55% shows strong potential. If buyers gain more strength, Jito could see significant growth.
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The next cryptocurrency that could explode in 2024
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