Next Crypto Explosion Friday, June 7 — JasmyCoin, Andy (ETH), Highstreet, Wormhole

adminJune 8, 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 the potential of Mega Dice. The project aims to provide many benefits to current casino users while also bringing new ones. Updates on the project and outlook are shared below.

1. JASMY

JasmyCoin has recently seen a notable rise in value. There were rumors that JasmyCoin might partner with Apple, which excited investors. This speculation caused JASMY to surge 100%. However, this rumor was later found to be untrue and dismissed.

Nonetheless, there is still hope for JasmyCoin. Iggy Azalea’s involvement could take JASMY to new heights. With growing interest in cryptocurrencies, JasmyCoin could attract many new investors by the end of the year, especially after its recent partnership with Panasonic.

The current price of JASMY is $0.04296. It grew 10.34% the previous day, 39.73% last week, and 122.62% last month. The market capitalization reached $2.12 billion, and the 24-hour trading volume was $497.48 million, representing a growth of 148.28%. The trading volume to market capitalization ratio is 23.47%, reflecting robust trading activity.

JASMY price chart

The recent rise in JASMY price is due to increased activity by large investors. Santiment analysts observed that transactions over $100,000 on the JASMY network have more than doubled compared to the 2024 average. This indicates that large holders are accumulating tokens.

Several analysts have provided technical analysis on JASMY, suggesting that the token may continue to grow. In particular, cryptocurrency analyst Steph is Crypto saw bullish signals on JASMY’s price chart. He points out that the EMA ribbon on the weekly time frame has turned bullish. This pattern is similar to 2023, followed by an 841% increase in prices.

2. Andy (ETH) (Andy)

ANDY token is another cryptocurrency that has recently attracted the attention of investors. The current trading price is $0.0003045. The price is above the 20-day EMA, indicating a near-term uptrend is possible. With an RSI value of 71.3, buying interest is high. If this trend continues, ANDY could experience a significant rally. In an optimistic scenario, ANDY could exceed its all-time high of $0.000300 and reach $0.0005.

ANDY, launched in March, initially consolidated around $0.0000105, according to GeckoTerminal data. In April, bullish activity gradually pushed ANDY to new weekly highs, reaching an all-time high of $0.0002484.

Andy price chart

Over the past week, ANDY’s price has surged 68.86%, hitting an all-time high of $0.0003005 on June 3, 2024. Currently, Mimcoin’s market capitalization is $303.37 million and its 24-hour trading volume is $15.25 million. Over the past day, its value has risen by more than 17%.

if you think $Andy It looks good now. Wait until the bull market comes. He will put on a show for everyone. #ETH pic.twitter.com/5o4INr1WC0
— Andy (@andycoinonerc) June 6, 2024

ANDY’s price action formed a triple bottom pattern, triggering a bullish reversal starting in mid-May. As a result, Andy’s price soared 326% in just 14 days. The bullish outlook for the token remains strong and it is trading well above its 50-day and 200-day simple moving averages (SMA).

3. Mega DICE

New GameFi Token Mega Dice ($DICE) It’s making waves in cryptocurrency gaming. Recent pre-sale sales exceeded $1.4 million. Mega Dice is a leading brand in the cryptocurrency casino sector, with over 10,000 monthly active players and over $50 million in monthly bets.

$DICE, one of Solana’s (SOL) top platforms, effectively combines GambleFi and GameFi. It aims to challenge the dominance of Rollbit ($RLB). The native $DICE token provides holders with platform benefits such as casino cashback, airdrop rewards, and NFT benefits.

The online gambling industry is huge and continues to grow. The compound annual growth rate (CAGR) is 6.20%. By 2029, the industry’s global revenue is expected to reach $136.3 billion. As the industry expands, cryptocurrency gambling is becoming one of the fastest growing and innovative sectors. The market value of cryptocurrency gambling in 2023 is estimated at $250 million.

Mega Dice is a leading name in the cryptocurrency casino industry, offering over 4,500 games. This includes slots, premium live casino experiences, and engaging game shows. We also offer a comprehensive sportsbook with over 60 sports and the best market odds. In addition to games, Mega Dice will soon introduce cryptocurrency futures trading, allowing users to earn DICE.

Investors can purchase Token speaking At a pre-sale price of $0.075. But you’ll need to act quickly to get it at this price before it goes up in the next round of pre-sales. The previous exchange rate was $0.069.

Visit Mega Dice Token Presale

4. High Street (HIGH)

The Highstreet team has been actively involved in several developments. They released concept art that brings virtual reality to life and explores the story of the project. Highstreet is also integrating the Shopify experience into its MMORPG for brands, giving players a superior metaverse experience.

The price of Highstreet (HIGH) rose 21.19% in less than 24 hours, reaching $8.09. Highstreet has a market capitalization of approximately $407 million and a trading volume of $165 million, up 195.58% in the last 24 hours.

high price chart

HIGH The current sentiment regarding the price forecast is bullish. The Fear & Greed Index is 77, indicating extreme greed and reflecting increased token trading. This suggests growing optimism about the upward trend.

#metaverse It’s more than that #gambling. As an official metaverse partner @TheWorlds50Best, #high street We design gamified restaurant experiences for restaurants around the world. Interact with F&B brands and take on food-related quests to forage, hunt, gather resources, and more. pic.twitter.com/AnZNXxgCjp
— High Street (@highstreetworld) June 6, 2024

$HIGH has solid fundamentals and a dedicated cryptocurrency community that supports them. Therefore, there is potential for significant growth in the future. The price of HIGH coins could exceed $10.73 by 2024 if the HIGH project announces collaborations with other networks. If the bullish trend in the cryptocurrency market continues, the average cost of a HIGH coin is expected to be around $10.4 by 2024.

5. Wormhole (W)

Wormhole (W) is trading between $0.57 and $0.68. The price rose 6.11% last week, but fell 4.10% this month. It has soared by 1,132.91% over the past six months. The price is close to the resistance level of $0.74 and the support level of $0.51. With an RSI of 41.64, W is currently in a correction phase. MACD is below 0, indicating downward pressure. The 10-day and 100-day SMAs show limited short-term momentum.

Wormhole’s market capitalization was $1.22 billion, and its 24-hour trading volume was $238.2 million, an increase of 152.10%. This surge suggests investor confidence in Wormhole’s development is growing.

wormhole price chart

Wormhole is well known as an interoperability platform that supports multichain applications and bridges. This allows liquidity and access to users on over 30 major blockchain networks. This functionality encompasses a variety of uses such as DeFi, NFTs, and governance, making Wormhole essential to the decentralized ecosystem.

Stake For Governance is now available for W token holders!
This is your opportunity to participate in governance and influence the future direction of Wormhole DAO and the platform.
Get started right now. @tallyxyz Governance Portal: https://t.co/PrL3F8cE2C pic.twitter.com/XrVhMD991t
— Wormhole (@wormhole) June 6, 2024

One of the main reasons for Wormhole’s price increase is the introduction of $W staking for governance. A tweet from Airdrop Adventure

Moreover, the project has already confirmed these airdrops. Additionally, by staking $W, users can receive the long-awaited Monad airdrop. The launch of staking caught the attention of investors. It provides opportunities to earn rewards and positions token holders for future airdrops.