Next cryptocurrencies set to explode on Wednesday, June 19th — Arweave Ethereum Name Service, Conflux, Mog Coin

Cryptocurrency prices have been on the rise recently, and the overall market atmosphere is favorable. Recently, Bitcoin (BTC) has been hovering around the $65,000-$66,000 range, and Ethereum (ETH) is trying to reach $3,600, creating mixed emotions among investors.

But discerning Next Cryptocurrency to Explode Since most funds are attracted to asset pumping, it 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 coins with potential and inform investors and traders about each token.

Next Cryptocurrency to Explode

In today’s article, we discuss the performance of cryptocurrencies with the potential to explode that investors should add to their watchlist. Also included is a special mention of Base Dawgz, one of Base Network’s latest memecoin releases. It provides a unique multi-chain experience with seamless interoperability across multiple blockchains. Details about the pre-sale and the performance of the current top performing cryptocurrencies are shared below.

1. LDO

Lido DAO (LDO), a decentralized autonomous organization, has experienced a significant price increase over the past 24 hours following a bullish trend. The altcoin’s value on Wednesday stood at $2.36, a strong 15% rise during the US trading session.

According to data from CoinMarketCap, Lido DAO’s tokens have seen a notable surge in trading volume, up more than 31% to around $309 million. Additionally, its market capitalization surged by about 15.83%, reaching approximately $2.12 billion. This increase moved LDO to 43rd place in the market capitalization rankings.

Over the past week, the price of Lido DAO has risen by more than 27%, driven by increased investor interest and positive market sentiment. LDO traded between $1.82 and $2.39, indicating increased trading activity. Over the past 30 days, LDO is up about 36% overall, showing a bullish trend.

Lido DAO is one of the top bulls showing a notable upward trend that could signal the start of an uptrend. If this continues, this positive momentum could soon break the $3 resistance level. A continued rise could push the value to $4 with hopes of reaching $5 in the coming bullish cycle.

2. Ethereum Name Service (ENS)

Despite increased market volatility, the price of ENS rose 15.46% the previous day, and trading volume increased 34.59%. Over the past month, this Ethereum-based token has surged 82.75% and has a year-to-date return of 158.21%.

The ENS Simple Moving Average (SMA) is showing a strong upward trend on the price chart, indicating positive price action for the Ethereum Name Service Token this week. Additionally, the Relative Strength Index (RSI) has retested its neutral point, bringing ENS closer to overbought territory.

Moreover, SMA shows a bullish trend on the price chart, suggesting a positive outlook for the altcoin soon. If the market holds the ENS price above the resistance level of $26.50, the bulls will aim to test the critical resistance level of $30.

This concludes another great week in the ENS ecosystem!

Your support means a lot to us and we hope to provide more updates soon 🤝

— ens.eth (@ensdomains) June 14, 2024

According to data from Santiment, ENS’ total open interest increased 27% from $60.32 million to $76.45 million in the last day. A sudden surge in open interest often leads to more liquidations, leading to greater price volatility. Detailed analysis shows that the Ethereum Name Service price is moving above the Ichimoku cloud, indicating a bullish trend. The clouds ahead turning green suggests that this bullish trend may continue.

Additionally, the Moving Average Convergence Divergence (MACD) line is above the signal line, supporting the bullish trend. Positive histogram bars further confirm this bullish momentum. At the time of writing, Ethereum Name Service is trading at $25.91, up 13.22% in the last 24 hours.

3. Conflux (CFX)

Conflux Network (CFX) is a fast layer 1 blockchain that uses proof-of-work and proof-of-stake mechanisms. It is headquartered in China and complies with local laws, earning it the nickname ‘Chinese Ethereum’. CFX tokens have a variety of uses, including storage of value and governance. Additionally, staking CFX tokens allows you to generate passive income in the form of more CFX tokens.

Recently, the price of Conflux has been rising as Bitcoin approaches $70,000. However, sellers are currently active and trying to prevent further price increases in the near future. Nonetheless, the recent introduction of a spot Ethereum ETF could have a positive impact on Chinese cryptocurrency tokens, potentially leading to a significant rise in CFX prices soon.

Conflux aims to strengthen its global presence by establishing offices in Dubai, Europe and other regions. This expansion could increase the popularity of Conflux Network tokens and blockchain beyond 2024.

🚀 Chinese NFTs #confluence We build it! 🌐🎉

🪁 Princess Mononoke is an animated film directed by Hayao Miyazaki. cymirror has teamed up with Conflux to release a digital collectible of original, hand-painted artwork of Princess Mononoke. pic.twitter.com/rvyN2WjmLk

— Conflux Network Official (@Conflux_Network) June 17, 2024

Additionally, Conflux Network is committed to training Chinese artists on how to use the platform for NFTs throughout 2024. It is also promoting the network’s existing projects, such as ConFi’s Friends and MEI PROJECT sneakers, which have successfully introduced NFT-themed products. This plan could increase demand for CFX tokens in the Chinese market.

4. DAWGZ

Dawgz Base ($DAWGZ) We raised $200,000 on the first day and reached $1 million within a week. It then secured $1.6 million during the pre-sale period. The $DAWGZ token is gaining traction in the cryptocurrency community and aims to lead Basechain to become the number one meme coin. The price of $DAWGZ rose 5% from an initial $0.00527 to $0.005271 within 6 days.

Base Dawgz has all the features of a successful meme coin. Integration into the fast-growing Basechain suggests it could see significant upside when listed on exchanges. The coin’s popularity will be further boosted by a share-earnings protocol that rewards supporters who promote $DAWGZ through social content.

Dog-themed meme coins are trending in the cryptocurrency market. Examples include Dogecoin ($DOGE), Shiba Inu ($SHIB), Dogwifhat ($WIF), and Floki ($FLOKI). These four coins alone account for over $35 billion of the $51 billion market capitalization of all meme coins. Moreover, they have all performed well since the beginning of the year.

Base Dawgz’s Shiba Inu mascot captured the essence of word of mouth, greatly increasing its appeal and popularity. Base Dawgz is also building a strong community with shared monetization features coming soon. This feature allows users to earn points by sharing content on social media, which can be exchanged for $DAWGZ tokens after the pre-sale.

These aspects are located bass dogs A leading meme coin that potentially outperforms other popular options. The funds raised demonstrate significant community support and suggest the potential for success is high. Investors are encouraged to purchase tokens during the pre-sale period to gain an early advantage.

Visit Base Dawgz Presale

5. Mogcoin (MOG)

Mog Coin is known for its attractive community-driven features and fun branding. This meme coin uses an active community to provide an interactive cryptocurrency experience. Mog Coin also supports cat rescue and other charitable causes, adding social good to the humor. The token has been experiencing steady growth and is expected to increase in value as the ecosystem expands and develops.

Although the price outlook for Mog Coin is positive, some analysts predict a temporary decline from current levels. With a market capitalization of just $315.93 million, there is room for further growth, especially considering the strong buying interest reflected in the price chart.

Mog has seen significant gains over the past month, with its price breaking above the resistance level set during the March rally. There has also been a notable price increase of over 20% in the last 24 hours. The overall outlook for Mog Coin remains positive.

Moreover, while consolidation could strengthen the bullish trend, a decline in the Bitcoin price below $65,000 could have a negative impact on market sentiment. The price of MOG ranged from $0.000001164 to $0.00000154. However, if MOG does not hold above $0.000001300, the downtrend may continue.

The trading volume of the MOG cryptocurrency has increased significantly, leading to increased supply level volatility and price instability. Nonetheless, continued high demand could push the price of MOG higher.

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