Next Crypto Explosion Saturday, June 8 — Cats in a Dog World, Filecoin, Injective, MAGA

adminJune 9, 2024

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To earn good returns in a strong market, you need to monitor the best cryptocurrencies and prepare for the growth of altcoins. However, finding the next popular cryptocurrency can be difficult, as many investors focus on assets that are already popular.

In this article, we take a look at the performance of the cryptocurrencies that dominated the bullish 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

Today’s analysis details the performance of cryptocurrencies that investors should add to their watchlist. It also includes a special mention of Sealana, the Solana meme coin that introduces features and widgets to accommodate different investor preferences. Details about the pre-sale and performance of the current top performing cryptocurrencies are shared below.

1. Cats in a Dog’s World (MEW)

A week ago, the $MEW token surged 11% in one day. This sparked significant interest among investors, suggesting that cat-themed meme coins could again become viable investments. The momentum continued as the value of $MEW continued to increase. This could help it reach all-time highs, driven by positive news about the token and new partnerships.

MEW (cat in a dogs world) is a meme coin that is gaining popularity with a market capitalization of $470 million. The token has fallen over 17% over the past day, but has grown by 21.49% over the past week and a whopping 200% over the past year. This presents a potential buying opportunity for investors.

cat price chart in dog world

The token economics of “Cats in a Dog World” are very interesting. 90% of the total 88 billion token supply was burned. Because of this, only 10% of the amount can be airdropped to the Solana community. Limited supply and increased demand may cause token prices to rise.

The project also recently collaborated with LOCUS Studios to produce a 3D animated series. This partnership aims to grow ‘Cats in a Dog World’ by combining the Solana memecoin community with the best animation. Through engaging storytelling and immersive visuals, this collaboration hopes to bridge the cryptocurrency world and mainstream culture to provide a unique experience to audiences around the world.

2. Filecoin (FIL)

Filecoin has experienced significant declines and has been in a bearish consolidation phase for several months, with resistance levels falling significantly. The token showed a significant increase just when market participants were losing hope for a significant rally. This rise suggests that FIL price may be on the rise as technical indicators also support the bullish outlook.

Filecoin (FIL) currently trades between $5.55 and $6.15. It rose 5.16% over the past week, 6.29% over the past month, and 17.08% over the past 6 months. The nearest resistance level is $6.49 and the nearest support level is $5.29. The 10-day moving average and the 100-day moving average are close, indicating stability.

Filecoin price chart

FIL price is on the rise despite some downward pressure and is trading in a bullish range. However, the current trading setup shows that the price is using all its strengths to move beyond the consolidation phase. A 30% increase could be imminent if a breakout occurs.

Our goal is for Filecoin to become the preeminent platform for decentralized storage and data services.
It’s a difficult task, but the Filecoin Foundation is focused on seven key initiatives to help achieve it:
1️⃣ Building user-friendly storage applications and developer tools: Storage… pic.twitter.com/VGp0feRJxV
— Filecoin Foundation (@FilFoundation) June 6, 2024

FIL price is trading within a rising and expanding channel but is consolidating near the lower support level. Nonetheless, RSI is moving within a rising parallel channel, indicating that the rally remains strong. As a result, FIL price will maintain upward consolidation and rise above $6.7, with the possibility of exceeding $7 in the next few days.

3. Sirana (SEAL)

New Zealand It was originally a token exclusive to the Solana network. However, it has expanded to multiple blockchains, including the BNB chain and Ethereum (ETH), where $SEAL can be purchased. The Solana-based meme coin features a chubby seal mascot inspired by South Park’s “World of Warcraft guy” and represents American patriotism and political satire.

The project uses a ‘send to wallet’ approach for token pre-sale. This allows buyers to purchase $SEAL using SOL, BNB or ETH even using their bank card. The website did not mention specific targets for the pre-sale or token supply. Nonetheless, Sealana’s fundraising efforts were very successful, raising more than $3 million. This success highlights the project’s appeal to the Solana meme coin community, which is known for supporting controversial projects.

#Sealand Today we have big news for you! 🦭🍻 Long nights drinking and eating American food $SEAL Things 🇺🇸 and fainting! 😵 He woke up feeling really lucid and made the call. #TicketingEnds on June 25th at 6PM (UTC)! ⏰
You know what it is… pic.twitter.com/va7W8abVjb
— Sealana (@Sealana_Token) June 6, 2024

Sealana ($SEAL) will end its presale at 6:00 PM (UTC) on June 25th and will be offering a flat rate of $0.022 per token during the presale period. After pre-sale, participants $SEAL token A few days later via airdrop

Due to Sealana’s multi-chain functionality, tokens will be airdropped directly to buyers using SOL, ETH, or BNB. This process eliminates manual billing and eliminates the need for participants to pay gas fees.

Visit Sealana Presale

4. Injection (INJ)

The recent market surge has helped Injective price break out of a falling wedge pattern. Now the price is approaching the critical resistance area. Entering this zone could push the price up to $31 due to a healthy uptrend. However, technical indicators suggest that the price may consolidate before a bullish breakout occurs. INJ prices are expected to maintain a healthy upward trend next week after ending the week on a weak note.

injection price chart

Captain Faibik, a leading industry expert, believes that this bullish breakout means the token could reach new highs. The falling wedge is a bullish chart pattern that formed in early February 2024 and occurred in June 2024, suggesting that an upward trend is possible.

Injective is onboarding Gumi, one of the largest gaming giants, as its newest validator!
The addition of gumi to the Injective ecosystem will not only expand its role in the GameFi world, but also drive further adoption in Japan, Asia, and other regions 🌐https://t.co/taZhN8qyfN
— Injective 🥷 (@injective) June 7, 2024

This pattern is characterized by the convergence of trendline support and resistance, once broken, indicating a reversal or bullish momentum. Captain Faibik’s chart highlights a breakout of the upper boundary of the wedge, indicating the end of the previous downtrend. As a result, traders are feeling optimistic. At the time of analysis, the price of INJ was $28.30.

5. Sleep (Trump)

One trader has found success with MAGA (TRUMP), a meme coin inspired by former President Donald Trump, who is running for president again. Shortly after Trump was found guilty of 34 felonies on charges of falsifying business records related to payments to his former lawyer, Michael Cohen, several Trump-inspired cryptocurrencies were launched. One trader made over $160,000 with this coin in just 5 hours.

MAGA price chart

It is important to remember that returns this high are not common and investing in meme coins is risky. After an initial price drop following Trump’s conviction, the unofficial TRUMP token quickly recovered and surpassed its previous value. It hit a new all-time high of $16.84 per token on Thursday, March 30th.

Today we donated $50,956 to support homeless veterans and prevent child trafficking. This donation marks the 43rd consecutive week, bringing the total to 476.5 weeks. $ETH ($1,388,073 ~ @NVHS / @V4CR_official). pic.twitter.com/mxIwZChStP
— MAGA Memecoin (@MAGAMemecoin) June 7, 2024

The price of the TRUMP token is at $12.91 at press time, down more than 23% from its peak. However, it rose 4.19% in the last 24 hours. It is currently the 228th most valuable cryptocurrency by market capitalization and is one of the leading political-themed (or “PolitiFi”) coins. This Trump-inspired token may continue its upward trend in the coming weeks. This is because the former president recently supported cryptocurrency despite previously criticizing Bitcoin.