Join our Telegram channel to stay up to date with the news
Cryptocurrency prices have been on the rise lately and the overall sentiment in the market is positive. Recently, Bitcoin (BTC) has been hovering around $61,000 and Ethereum (ETH) is struggling to approach $3,000, creating mixed feelings among investors.
Identify the The Next Cryptocurrencies to Explode This can take some work, as most funds are attracted to rising assets. Today’s article explores the performance of cryptocurrencies that have dominated the list of gainers over the past 24 hours. The goal is to identify cryptocurrencies with some potential and inform investors and traders about each token.
The Next Cryptocurrency Is Going to Explode
Today’s article discusses the performance of potentially explosive cryptocurrencies that investors should add to their watchlist. It also includes a special mention of Base Dawgz, one of the most recent memecoin launches on the Base network. It features a distinctive multi-chain experience with seamless interoperability between different blockchains. Details of its presale and the performance of today’s top performing cryptocurrencies are shared below.
1. Fantom (FTM)
Fantom price recently rose above $0.40, even though the market is facing a downturn. In the last 24 hours, the price has jumped by 16.41%, reaching $0.458095. The daily trading volume was $751.03 million and its market cap is $1.28 billion, giving Fantom a market dominance of 0.06%.
The recent price increase shows growing investor confidence and increased market activity. In early August, Fantom’s value fell sharply due to a broader market decline, reducing open interest contracts to $47 million. However, within a week, open interest contracts increased by 50%, reaching $75 million. This increase suggests increased liquidity and renewed interest in Fantom.
Additionally, Fantom’s trading volume increased from $50 million to $200 million in the same week. This sharp increase indicates that more traders and investors are participating in the market.
Fantom’s price has increased by 127% over the past year, putting it ahead of 69% of the top 100 crypto assets. While Fantom is still 87% below its all-time high, its market cap and low annual inflation rate of 0.05% position it well for future growth.
2. Tectum (TET)
Tectum is an open-source, decentralized cryptocurrency designed to provide 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 allows Tectum to effectively address the scalability challenges associated with Bitcoin payments, making it one of the fastest blockchains in the world.
Tectum price is up 30.70% in the last 24 hours and 65.11% in the last 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 increase and a 55% increase in 24-hour trading volume suggest that TET is in an upward trend.
How Tectum Lets People Own and Spend Cryptocurrencies
Wouldn’t it be nice to be able to spend your crypto however you want?
With Softnote it’s possible!🔹Simplification of transfers
🔹The cheapest gas prices
🔹Instant transfers
🔹Unrestricted Global Payments
🔹Allow the use of… pic.twitter.com/Qzecb3OF0B— Tectum (@tectumsocial) August 21, 2024
Furthermore, Tectum is expected to see significant growth through 2025, with average prices projected at $37 and a peak at $44. This growth can be attributed to a favorable regulatory environment and the growing adoption of cryptocurrencies globally. Additionally, the approval of Bitcoin ETFs and greater regulatory compliance among major centralized exchanges will likely contribute to this positive price action.
3. Base Dawgz (DAWGZ)
Base Dawgz ($DAWGZ) started August with strong momentum, raising over $2.9 million in pre-sale funds. This success is closely tied to the growth of its parent channel, Base, which saw a 56% increase in July. As Base grows, the Shiba Inu-themed meme coin is gaining more and more attention. The pre-sale price of $0.008173 per $DAWGZ token will increase in less than four days.
Base Dawgz also features a Share-to-Earn system that rewards the community for creating and sharing content, such as memes, to earn additional $DAWGZ tokens. Additionally, its multi-chain capabilities and a staking option with an impressive 809% APY are drawing interest. Twenty percent of the token supply is reserved for staking rewards.
DG $DAWGZ and welcome to a new week!
We are so close to reaching $3 million! Just a little push and we will be there 🪂 pic.twitter.com/PS9UGfwhMb
— Base Dawgz (@BaseDawgz) August 19, 2024
The presale allocated 20% of the supply, another 20% to liquidity, 15% to marketing, and 15% to $DAWGZ rewards. The remaining 10% will be used to secure listings on major platforms, making the token more accessible. The roadmap outlines ambitious plans, including listings on decentralized exchanges (DEXs) and community rewards via an airdrop campaign to boost social engagement.
Base Dawgz is positioning itself as an exceptional pre-sale opportunity for 2024, thanks to its staking rewards, multi-chain functionality, and community-driven incentives. To participate, Visit the Base Dawgz websiteConnect your wallet and purchase $DAWGZ using Base (ETH, USDC), ETH (ETH/USDT), SOL, BSC (BNB/USDT), or AVAX. You can also stake your tokens for substantial rewards, with a remarkable APY of 1,146%.
Visit Base Dawgz Presale Now
4. Fetch.ai (FET)
Expert analysis indicates that Fetch.ai is trading above the Ichimoku cloud, which suggests a potential bullish trend. At the same time, the head zone is also turning green, reinforcing this optimistic outlook. However, FET’s RSI is at 62.81, which indicates a neutral stance that could lead to sideways trading.
At the time of writing, Fetch.ai was selling for $1.02 per token, an increase of 13.65% in the last 24 hours. Fetch.ai reached its highest price ($3.46) on March 28, 2024, and its lowest price ($0.007972) on March 13, 2020. Currently, Fetch.ai is trading 16.65% above its 200-day moving average of $0.869975.
Fetch.ai’s recent price surge is due to factors such as the growing influence of artificial intelligence (AI) in both traditional and cryptocurrency markets. Over the past year, Fetch.ai has performed exceptionally well, with its price surging by 421.59%. This impressive increase has outperformed 89% of the top 100 crypto assets, including major cryptocurrencies like Bitcoin and Ethereum.
The Almanac contract remains essential in the #networkensuring that all #agents are searchable and their interactions are verifiable on our blockchain.
🤿Learn more in detail how this improves our ecosystem: (1/4)
— Fetch.ai (@Fetch_ai) August 21, 2024
Another key factor behind FET’s strong performance is its collaboration with Ocean Protocol and SingularityNET to form the Artificial Superintelligence Alliance. This partnership will consolidate all tokens into a new universal AI cryptocurrency, the ASI token. The transition began with the merger of OCEAN and AGIX with FET, which will then be converted into ASI at a 1:1 ratio.
Fetch.ai’s 714% growth over the past year demonstrates its strong upward momentum. This increase reflects high investor confidence and a solid uptrend. Therefore, we expect FET to reach even higher levels if the positive momentum continues.
5. RARI (RARI)
$RARI is an ERC-20 token that manages the RARI Foundation’s treasury and oversees the Rarible Protocol and RARI Chain. Launched in 2020, $RARI has a maximum supply of 25 million tokens. The RARI DAO is responsible for the RARI DAO’s treasury and the development of the Rarible Protocol and RARI Chain ecosystem. This vision is achieved through a robust governance framework that allows everyone to participate in decision-making by locking $RARI to vote.
$RARI has several functions within its ecosystem, including project funding, governance, and trading. As a utility token, it is essential to the Rarible platform, allowing users to participate in the governance of the RARI DAO and the Rarible protocol.
The Rarible protocol, an open-source infrastructure, supports the creation of various NFT applications. It enhances the NFT market by providing tools for marketplaces, wallets, analytics, and more. The RARI chain, an Ethereum L3 chain, focuses on security and low-cost transactions, ensuring royalty payments at the node level for the benefit of creators.
Transaction Fee Reimbursement for RARI DAO Delegates is in Full Swing 💸
You have until July 19 to submit your claim so that we can cover your expenses related to your participation in the governance of the RARI from October 14, 2023 💫
Complaint form:
— RARI Foundation (@rarifoundation) June 24, 2024
In June, NFT trading platform Rarible enabled access via Bitget Wallet. This feature provides users with seamless connectivity to create and trade NFTs. It is available on mobile devices and browser plugins, allowing access to Rarible’s services on networks like Ethereum, Polygon, and Solana. Additionally, users can earn $RARI tokens as rewards for their trading activities.
Learn more
PlayDoge (PLAY) – The Latest ICO on the BNB Chain
- Virtual Pet Dog 2D
- Play to win Meme Coin Fusion
- Staking and In-Game Token Rewards
- SolidProof Audit – playdoge.io
Join our Telegram channel to stay up to date with the news
