Next Crypto Explosion Saturday, June 1 — ConstitutionDAO, MANTRA, MAGA, Synthetix

adminJune 2, 2024

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Getting significant ROI during a bull market could mean paying attention to meme coins and altcoins that have explosive potential. However, since most funds are attracted to pumping assets, identifying the next cryptocurrency to explode may take some work.

In today’s article, we take a look at the performance of the cryptocurrencies that have dominated the rising list over the past 24 hours. The goal is to identify: Next Cryptocurrency to Explode Inform investors and traders about each token. Additionally, this post includes an overview of market trends in cryptocurrency assets that have the potential for significant gains in the future.

Next Cryptocurrency to Explode

The market is a time when investors and traders take positions to increase profits or take advantage of new trends. Experts believe that investors are more likely to find the next explosive cryptocurrency among upcoming cryptocurrency projects. With this in mind, investors should explore Mega Dice’s potential. The project aims to bring new benefits to current casino users while providing many benefits. Updates on the project and outlook are shared below.

1. Constitution DAO (PEOPLE)

Despite the overall market trend, PEOPLE’s favorable price action has caught the attention of investors for some time. Weekly RSI values indicate overbought conditions. The outlook remains optimistic after price changes over the past 24 hours. The PEOPLE token increased by 27.47%, reaching $0.1075, despite experiencing a bearish trend the previous day.

ConstitutionDAO is a decentralized autonomous organization (DAO) founded in 2021. The goal was to purchase a rare copy of the U.S. Constitution at Sotheby’s. However, DAO lost to Citadel founder and CEO Kenneth Griffin, who won with a bid of $43.2 million.

ConstitutionDAO price chart

As of press time, the token is trading at $0.1075 and has a market capitalization of over $541 million. This surprising rise follows the DAO’s dissolution in November 2021 after failing to secure a rare copy of the U.S. Constitution at auction. The reason for the price increase of the PEOPLE token is not yet clear. This may be due to renewed interest in the story of the DAO and its historical importance to the U.S. Constitution. Others believe this could be caused by market manipulation or unusual market occurrences.

2. Mega DICE

mega dice It stands out in the memecoin market by emphasizing practicality. Mega Dice, a well-known cryptocurrency casino, has become Solana’s leading GameFi platform. Their native token, DICE, is receiving a lot of attention.

Mega Dice has raised over $1.3 million in investment and has the potential to grow further. The platform offers over 4,000 games and over 50 sports betting options. It also has an active community of 50,000 active players. These numbers only account for a fraction of our registered members, which represents a huge potential user base.

After launch, Mega Dice will have a significant price increase with 10,000 monthly active players and $50 million in wagering. Owning DICE tokens gives you access to exclusive benefits, such as daily staking rewards based on platform performance. DICE token holders get a stake in Mega Dice and receive benefits like limited edition NFTs. A significant portion of DICE’s supply is reserved for pre-sale buyers and airdrops to encourage participation.

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— Mega Dice Casino (@megadice) May 31, 2024

Pre-sales exceeded expectations, raising more than $1.3 million toward the $10 million goal. This strong performance indicates significant growth potential upon launch. Those who are interested mega dice Pre-sale of tokens can follow a simple process. First, connect a wallet that supports Solana (SOL), Ethereum (ETH), or Binance Coin (BNB) to the presale dashboard. Next, convert your chosen cryptocurrency to DICE tokens.

Visit MegaDice Presale

3. Mantra (OM)

After a period of consolidation, $OM is poised for a significant move. We are ready to target a price target of $2, above the previous high of $1.04. If you look at the daily chart of $OM, you can see a classic example of a bullish trend. The price found support at an important trend line and the STOCH RSI technical indicator indicates strong buying pressure.

mantra price chart

Meanwhile, MANTRA has announced major on-chain products. This important event will feature two major players in the RWA space who will work to build substantial liquidity support for RWA tokenization. The decentralized finance (DeFi) sector has attracted significant institutional attention this year.

🔥 MANTRA Launches RWA Savings Vault Powered by Ondo’s USDY#temperature and #mantra Multi-chain USDY vaults are incentivized to provide USDC contributors with access to low-risk, short-term U.S. Treasury yields. Those who hold MANTRA Chain until the mainnet launch will receive the following benefits. pic.twitter.com/X8ALXIFoGj
— MANTRA – RWA Tokenization (@MANTRA_Chain) May 31, 2024

When the blockchain launches later this year, MANTRA will include USDY, Ondo’s primary interest-bearing tokenized note, as an initial asset. USDY offers holders the benefit of short-term U.S. Treasury yields while maintaining the practical functionality of a stablecoin.

The Real Assets (RWA) market is growing rapidly, and $OM (MANTRA) is heavily involved! With the booming RWA market, strong partnership with Ondo Finance, and solid fundamentals, $OM is poised for a major upward trend. As the $2 target approaches, smart investors prepare for an exciting journey.

4. Sleep (Trump)

MAGA (TRUMP) and other meme coins inspired by the former US president plummeted in price shortly after Thursday’s ruling that Trump was found guilty of 34 felonies in his “ticket” trial. However, this decline was very short-lived.

Soon after, the TRUMP token recovered its initial losses and experienced a significant surge. The price of the Ethereum-based token quickly rose beyond pre-ruling levels. It continued to rise late on Thursday, reaching a new all-time high of $16.84 per token.

MAGA price chart

Trump-inspired tokens have seen significant gains in recent weeks. The surge is due to former President Trump’s renewed support for the cryptocurrency despite his past criticism of Bitcoin. His campaign announced it would accept donations in cryptocurrencies such as Bitcoin, Ethereum and Dogecoin. Trump also promised at a campaign event that he would release Ross Ulbricht on his first day in office.

🚨Breaking News: Donald $trump Says “We support” #Cryptocurrency We have to do it or someone else will!” pic.twitter.com/B5Kv7qRjZJ
— MAGA Memecoin (@MAGAMemecoin) May 28, 2024

The token price rose 12.99%, reaching $16.98 at the time of writing after some fluctuations. Over the past week, the token’s value has nearly doubled, rising by more than 95%. This surge increased the 30-day gain to approximately 274%. Currently, TRUMP ranks as the 224th most valuable cryptocurrency on CoinMarketCap by market capitalization and is the leader among politically themed (or “PolitiFi”) coins.

5. Synthetix (SNX)

Synthetix is a decentralized protocol on the Ethereum blockchain designed to solve liquidity problems in decentralized exchanges (DEXs). This allows for synthetic versions of fiat currencies, cryptocurrencies and commodities. Currently, Synthetix’s trading price is $2.95 and its market cap exceeds $966 million. A slight increase in value could push it past $1 billion.

Synthetix price chart

There has been a significant surge in trading activity on the Synthetix platform recently. Additionally, Synthetix’s derivatives trading volume has increased by 208% over the past few days. This resulted in a 17.1% increase in open interest, reaching a total of $27 million. This growth reflects growing market confidence and interest in Synthetix.

Why not trade Synthetix perps? @Base through @Kwenta_io?
You can earn up to 50,000 SNX every week. 90% of the fee will be refunded. pic.twitter.com/5xhFHgPGFN
— Synthetix ⚔️ (@synthetix_io) May 30, 2024

SNX price fluctuates between the 50-day EMA and 200-day EMA, showing some uncertainty. However, the MACD line is moving in a bullish direction, and the relative strength index (RSI) has exceeded 50 and is currently at 62.02, indicating bullish momentum.

Synthetix, one of the first DeFi coins, has been around since 2018. The broader cryptocurrency market experienced a surge in 2021, but then plummeted during the cryptocurrency winter. At that point, Synthetix seemed to fade into obscurity. However, it has made a remarkable rebound, rising in value by a third in just 10 days, outperforming many major cryptocurrencies.