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Cryptocurrency prices have been on the rise recently, and the overall market sentiment is positive. Recently, Bitcoin (BTC) has been hovering around $60,000, and Ethereum (ETH) is trying to approach $3,000, creating mixed feelings among investors.
Identification The next cryptocurrencies will explode It may take some work, as most funds are drawn to inflated assets. Today’s article explores the performance of the cryptocurrencies that dominated the gainers list over the past 24 hours. The goal is to identify coins with potential and inform investors and traders about each token.
The next cryptocurrency will 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 latest memecoins on the Base Network. It features a unique multi-chain experience with seamless interoperability across different blockchains. Details of the presale and performance of today’s top performing cryptocurrencies are shared below.
1. FLUX
Flux recently saw a 6% increase in value over the past 24 hours, making it one of the best performing stocks of the day. This increase has caught a lot of attention in the market, with analysts expecting further growth. Flux’s fully diluted market cap is around $232.789 million and its volume to market cap ratio is over 40%, indicating strong liquidity.
Flux is a proof-of-work cryptocurrency that powers the Flux ecosystem. The ecosystem is designed to support Web3. FLUX is used for transactions, staking, and rewarding Masternode operators within this ecosystem.
On the weekly chart, Flux has recently bounced off a key support level. Since September 2023, the 0.40 support level has held, and Flux has tested this level four times. The recent bounce suggests a continued uptrend, especially with the RSI forming a double bottom pattern in the oversold zone, indicating a potential upside move.
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Analysts have set potential price targets for Flux at $0.96, $1.05, $1.20, $1.44, and $1.65. The current support level is $0.82; if it holds, Flux could reach a new peak. Flux could reach a target price of $3.0397 if the momentum continues, which would represent a 474.83% increase.
2. Uniswap (UNI)
Uniswap, a well-known name in the crypto world, is struggling during this bullish cycle. Due to the increased activity on its DEX platform, expectations were high that Uniswap would return to its highs in 2024. However, this did not happen, as most of the trading remained on centralized exchanges. Instead of returning to its previous levels of $15, the Uniswap price is stuck at around $5.9.
Despite these challenges, there are signs of a potential whale buildup, with Uniswap’s market cap holding steady at $3.551 billion, placing it at number 23. The price has stabilized, showing a modest 2.45% increase in the last 24 hours. However, Uniswap still has a long way to go, having seen a 9.79% decline last week, dropping to $5.92.
The recent increase in trading volume by more than 12% suggests that a price rally of more than 10% could be on the horizon. UNI price is showing signs of recovery, aiming to reach the 20-day EMA mark. After weeks of weak performance, the altcoin is showing a reversal pattern, which could lead to a potential comeback. The formation of a base around the $5.20 mark suggests that Uniswap may have completed the pullback phase and is ready for a rebound.
I just checked the chain:
98.9% of all new DEX pairs ever on Uniswap protocol 🔵 pic.twitter.com/LNycKetmv7
— Uniswap Labs 🦄 (@Uniswap) September 1, 2024
If demand picks up, UNI stock could target the 50-day EMA near $7, which could lead to a trend reversal. However, the Relative Strength Index (RSI) is still below 50, indicating weak buying pressure.
3. Helium (HNT)
Helium (HNT) emerged among the top 100 cryptocurrencies, posting a notable 47% increase in August despite the overall market slowdown. This strong performance suggests that Helium (HNT) could continue to perform well in the coming months, making it a coin worth watching closely.
Currently, HNT is trading between $6.33 and $8.01, which are key levels where the price has consolidated. Helium’s next important move will depend on whether it can break the $8.01 resistance level. If the bullish momentum continues, HNT could break this resistance, which could push its price towards $9.00, offering further gains for investors.
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— Helium🎈 (@helium) August 29, 2024
Facing increasing volatility, Helium has defied the downtrend with a 7.63% surge. The bullish candlestick pattern suggests that Helium could be on the verge of breaking to a 52-week high this week. Following this price surge, HNT’s daily trading volume jumped 56.56% to $23.39 million. With a market cap of $1.21 billion, Helium is ranked 59th in the cryptocurrency market. Its strong performance during the broader market recovery has set its sights on a potential $10 breakout this year.
4. Curve DAO Token (CRV)
Curve DAO (CRV) has recently seen a slight price spike, which could be a good opportunity for investors. The altcoin has been dealing with market volatility in line with broader trends, but it still offers an opportunity for those who missed out on the initial dip. The CRV price is currently sitting within the demand zone, indicating strong buying interest at this level.
Over the past 24 hours, CRV has seen a significant price increase of 2.65%. This rise comes after the token’s inflation rate dropped to 6.35% on August 12, reigniting investor interest and setting the stage for potential growth. A lower inflation rate means fewer new CRV tokens are entering the market, which could lead to a price increase.
The decrease in token supply is expected to positively impact the price of CRV, which has fallen by more than 35% since its launch. Typically, low supply and high demand lead to a price increase. On August 13, rumors of a decrease in inflation stimulated trading activity, causing daily trading volume to surge by 71.90% to $244 million, a two-month high. This increase in volume reflects strong market interest in CRV and supports its recent double-digit price increase.
If CRV continues its bullish momentum and breaks the B leadership zone on the Ichimoku cloud, the token could reach $0.44 or even rise to $0.54. However, if the market turns bearish, the price could drop below the Ichimoku cloud, which could lead to a drop to $0.18.
5. DAWGZ Base
DAWGZ Base The token’s presale recently concluded, raising nearly $3.2 million in just over two months. The $DAWGZ token will launch on a decentralized exchange (DEX) on September 4 at 5pm CET. However, interested investors can still purchase the tokens at the listing price over the next 28 hours.
the Dogs Presale is over!
You can still purchase the token at the list price if you wish. Please stay in touch for more information.
DEX Launch Date: September 4, 2024, 5pm CET 🪂 pic.twitter.com/B9gFx6Yju6
— BaseDawgz (@BaseDawgz) August 28, 2024
Before $DAWGZ becomes available to the wider cryptocurrency market, early investors have one last chance to purchase tokens at the listing price of $0.008582. This early investment provides an excellent opportunity, as $DAWGZ is expected to see a significant price surge once trading begins.
For those still thinking, now is the time to act. With strong pre-sale funding and the potential to become the Shiba Inu ($SHIB) of the Base Network, $DAWGZ is poised for significant price growth. Its innovative approach has already attracted a lot of attention, with platforms like ReadWrite and InsideBitcoins calling it a “coin with 100x potential.”
Base Dawgz boasts features that go beyond the Base Network. By integrating with Wormhole and Portal Bridge technology, $DAWGZ offers cross-chain functionality, allowing it to be traded across Base, Ethereum, Solana, Avalanche, and Binance Smart Chain (BSC). This broad reach gives $DAWGZ access to broad liquidity, a key advantage over tokens limited to a single chain.
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