Cryptocurrency prices have been on the rise lately, and the overall feeling in the market is favorable. Recently, Bitcoin (BTC) has been hovering around $64K, and Ethereum (ETH) is striving to reach $3,500, creating mixed sentiments among investors.
However, identifying the next cryptocurrencies to explode might take some 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.
Next Cryptocurrency To Explode
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.
1. Toncoin (TON)
Toncoin (TON) saw an increase in today’s trading session, which is reflected in its price movements. Analysis indicates that Toncoin’s price follows an upward trend within the pitchfork channel. Additionally, the MACD shows a bullish crossover with increasing histogram bars, suggesting upward momentum. At the time of writing, Toncoin is trading at $7.71, marking a 7.09% rise over the past 24 hours.
Since early June, Toncoin (TON) has surpassed Ethereum (ETH) in daily unique addresses and transactions. On June 3, Toncoin reached a year-to-date high of 568,300 unique addresses, 62% higher than Ethereum’s 351,400. Furthermore, since March 12, Toncoin has consistently seen more daily transactions than Ethereum, reaching a peak of 9 million transactions on May 17.
The rise in popularity is due to Telegram’s 900 million users. People are now comparing Toncoin and Ethereum more often. Recently, TON’s price bounced back from a low of $6.76 on June 11 to $7.71, and its trading volume grew by over 100%. This positive trend and a high profit-to-loss transaction ratio show increased market activity for the token.
The Open League Digest ☕️📖
With Season 4 underway, TVL on #TON has skyrocketed to over $500M. Over 1K applications have been received for The Open League Hackathon, limited early-bird tickets for Gateway are now on sale at a discounted price, and much more! 🚀
Details ➡️… pic.twitter.com/My9O93RXqs
— TON 💎 (@ton_blockchain) June 21, 2024
Analysts predict a bullish trend might continue, with expectations that TON could soon reach double-digit values—the Open Network benefits from Telegram’s large user base, increasing its visibility and utility.
The market remains hopeful as Toncoin surpasses Ethereum in critical metrics. Detailed analysis by industry experts suggests significant growth ahead. The network’s innovative features and strategic partnerships set the stage for a promising future in the crypto world as Toncoin continues to outshine Ethereum in user engagement and market confidence.
2. JasmyCoin (JASMY)
Despite the current bearish trend in the crypto market, some coins, like JASMY, perform well. Over the past 24 hours, JASMY has surpassed Cardano (ADA) and Fantom (FTM) in trading volume on Binance. JASMY, an emerging star in the altcoin world, has seen its trading volume rise to $175.15 million within a day. This significant boost in activity shows increased interest and confidence in the project.
JasmyCoin (JASMY) is among today’s top gainers, as evidenced by its recent price movements. A detailed analysis reveals that JasmyCoin’s price is above the supertrend line, which indicates a possible bullish trend. However, the Average Directional Index (ADX) is 23.40, suggesting weak trend strength. As of the time of writing, JasmyCoin is trading at $0.03159, an 8.64% increase over the past 24 hours.
Several factors contribute to JASMY’s bullish performance. Firstly, the JASMY community’s strong belief in the coin’s potential supports its positive outlook. Additionally, 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.
Exciting news! 🎉
A campaign has launched on #DeGate, the DEX powered by Zero Knowledge rollup, for #Jasmy holders! 🚀
Dive into the details now👇@JanctionMGT @HARA_JasmyCFO $Jasmy @DeGateDex https://t.co/SLVaaeSjdC
— Jasmy-MGT (@JasmyMGT) June 14, 2024
Recent partnerships, such as those with Panasonic, have enhanced its adoption, causing a sharp 15% price increase and pushing it to a critical resistance level of $0.028. Crypto analysts predict that if this level is breached, the price could reach $0.040 by Q4 2024. Moreover, the recent large-scale purchase of 208 million JASMY tokens, valued at $6.2 million, transferred from Binance to cold storage, has further strengthened these predictions.
3. Base Dawgz (DAWGZ)
Base Dawgz ($DAWGZ) is nearing a significant milestone. It has raised $1.9 million in its presale and is quickly approaching the $2 million mark in its initial coin offering (ICO). With less than two days before the next price increase, now is a great time to get involved.
Base Dawgz is a meme coin inspired by the excitement of base jumping and the Shiba Inu meme. It has caught the crypto community’s attention with its strong fundraising performance. The presale started with $200,000 on the first day and exceeded $1 million within a week. Currently, the token is priced at $0.00527, showing a steady increase in value.
Base Dawgz’s upcoming launch of its staking protocol is an exciting development. Investors participating in the presale before the staking launch will receive a retroactive bonus if they stake their tokens afterward. This unique incentive rewards early adopters.
Base Dawgz operates on several blockchains, such as Base, Ethereum, Solana, Binance Smart Chain, and Avalanche. This new meme coin’s multi-chain functionality lets users switch networks without extra fees, broadening the token’s reach and potential applications. Due to its cross-chain interoperability, $DAWGZ is set to lead the meme coin market. Some believe it could be the next 100x meme coin on the Base chain.
The project features an innovative share-to-earn protocol, rewarding supporters for promoting $DAWGZ on social media platforms like X and Telegram. Meme creators also earn $DAWGZ tokens as rewards. Once the presale ends, content creators can redeem their rewards. With the presale timer counting down, this is the last opportunity 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 trading of perpetual cryptocurrency futures with up to 50X leverage on major crypto tokens like Bitcoin (BTC) and Ethereum (ETH). It launched in September 2021 on the Avalanche chain and has since attracted considerable market attention.
Recently, GMX experienced a roughly 10% drop in the past week. However, it saw a rise of over 6% in the last 24 hours and a gain of more than 50% over the past month. Currently, the GMX token trades at $28.82, with a circulating supply of 16,175,215 tokens and a market capitalization of $274.955 million, ranking it 190th in the global cryptocurrency market.
GMX's @Arbitrum STIP-Bridge program, which offers incentives to GM liquidity providers as well as traders, will kick off on Wednesday, June 26:
🔹https://t.co/r9zYNLuBEH https://t.co/4jljsB3BR1
— GMX 🫐 (@GMX_IO) June 21, 2024
GMX was trading at $28.82 at the time of writing, showing a 6.09% intraday increase. Some analysts are optimistic about the cryptocurrency and believe it could reach $60.0. The price must stay above the key support level of $41.0 for this to happen. Despite this optimism, the current sentiment for GMX is bearish. However, the Fear & Greed Index is at 55 (Greed), indicating more token transactions and growing optimism about an uptrend.
5. Brett (Based) (BRETT)
Brett (BRETT), known as Pepe Memecoin’s best friend, is based on the BASE chain. This new and exciting token is part of the growing BASE ecosystem. BRETT enables the platform to utilize resources and knowledge from various other projects.
Brett (Based) has shown promising momentum despite recent fluctuations. Short-term indicators suggest cautious optimism, with prices rising over the past month. Support levels are strong, while resistance points present potential challenges. Market sentiment for Brett remains generally positive, reflecting strong community backing.
Currently, BRETT is trading between $0.13 and $0.19. Over the past week, its price decreased by 0.92%, but it increased by 187.63% over the past month and over 400% in the past six months. The nearest resistance level is $0.22, and the support level is $0.09. The price is in a correction phase with an RSI of 45.95 and a stochastic of 16.42. The 10-day SMA is $0.16, while the 100-day SMA is $0.14.
Additionally, Brett’s market capitalization has increased to 1.46 billion. In the last 30 days, there have been 20 green days, making up 67% of the period. The current sentiment for BRETT’s price prediction is bullish. The Fear & Greed Index is at 55 (Greed), indicating a rise in token transactions. This suggests growing optimism about an upward trend.
Time to make good on our word!
We have picked a random winner who commented on the original post.
Congratulations @Vinayblues1 on the win! DM to claim your $1000! https://t.co/zq218jQ3xz pic.twitter.com/zbZQb1bjjt
— Brett (@BasedBrett) June 20, 2024
EOS has solid fundamentals and the support of a dedicated crypto community, which gives it the potential for significant future growth. If the positive trend continues, it could increase visibility and adoption, leading to further development and mainstream acceptance. However, investors should monitor resistance levels and overall market conditions.
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Next Cryptocurrency To Explode 2024