Next cryptocurrencies set to explode on Monday, June 10th — Turbo, Mog Coin, Chelsea

adminJune 11, 2024

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Cryptocurrency prices have been on the rise recently, and the overall market atmosphere is favorable. Recently, Bitcoin (BTC) has been hovering around the $67,000 to $69,000 range, and Ethereum (ETH) is trying to reach $4,000, creating mixed feelings 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 the newest meme coins launched on the Base Network. 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. Mantra (OM)

On June 10, the OM token belonging to DeFi platform MANTRA hit an all-time high of $1.09. This achievement comes as MANTRA expands its presence in the United Arab Emirates.

According to CoinMarketCap, OM is up 11.24% in the last day and is trading at $1.04 at press time. Trading volume also increased by 62.25% to $142 million, and market capitalization reached $804 million, making it the 94th largest cryptocurrency.

mantra price chart

MANTRA operates on a layer 1 blockchain designed to follow real-world regulations. Provides an open blockchain for regulated applications for institutions and developers. OM tokens are critical to the MANTRA ecosystem and allow users to participate in DeFi activities such as lending, borrowing, and earning rewards. OM holders can also vote on proposals that shape the future of the platform.

Explore the future #RWA How tokenization and MANTRA are leading the wave of mass adoption.
🎙️@jp_mullin888CEO and Co-Founder #mantrais ready to explore the potential of RWA in the upcoming X Spaces sessions. @Scott Melker and @MarioNawfal.
Don’t miss this… pic.twitter.com/qTRFoTAoOL
— MANTRA – RWA Tokenization (@MANTRA_Chain) June 10, 2024

Prices have increased significantly since the announcement of MANTRA’s partnership in the UAE. DeFi platform MANTRA signed a memorandum of understanding (MOU) with UAE digital bank Zand. The goal is to establish clear guidelines for tokenizing real assets (RWA) while complying with Dubai Virtual Asset Regulatory Authority (VARA) regulations.

This collaboration will make tokenization of real-world assets in the UAE more efficient and ensure strict compliance with regulatory standards and measures to protect investors. In March, MANTRA received $11 million in funding in a round led by Shorooq Partners to further advance real-world asset tokenization.

2. Bass Dogz (DAWGZ)

that much $DAWGZ token Benefit from the growing Base Chain ecosystem. Although Base is new, its meme coin market cap is over $2 billion. In addition to fun themes, Base Dawgz offers a share-earnings feature and plans to introduce staking rewards in the future to make $DAWGZ fun and profitable for users.

Although issued by Base, tokens can be acquired, held, and exchanged on Ethereum, Solana, Binance Smart Chain, and Avalanche. Wormhole and portal bridge technologies enable seamless inter-chain transfers and connections.

Base Dawgz introduces an exciting opportunity for investors seeking innovation. Investors can quickly transfer capital across the network using Portal Bridge’s blockchain bridging system and Wormhole messaging protocol.

Base Dawgz (DAWGZ), a new multichain meme coin project, has raised nearly $700,000 in presales in less than a week since its launch. This early success reflects growing enthusiasm for DAWGZ due to its multi-chain functionality, staking rewards and ‘share-return’ concept.

https://twitter.com/BaseDawgz/status/1800120473721950386

The current price per token is $0.00479. DAWGZ Token You can purchase using BASE, ETH, BNB, AVAX or SOL. Prices are expected to rise within 24 hours, so potential buyers should act immediately.

Visit Base Dawgz Presale

3. TURBO

Turbo Coin’s bullish trend is strong. It rose by more than 20% the previous day, and rose a whopping 471.85% last month. Annual returns of nearly 2000% make it the best choice for big profits.

Turbo Coin, a meme coin, was created through a unique collaboration between Rhett “Dashwood” Mankind and OpenAI’s advanced AI model, GPT-4. With an initial budget of $69, GPT-4 handled naming the project, choosing TurboToad as the mascot, creating the logo, and coding the smart contracts. This AI-based process, along with human creative input and community support, set Turbo Coin apart in the crowded meme coin market.

turbo price chart

Turbo Coin has shown impressive growth since its founding. In just one day, TURBO rose 20.17% to $0.006189. Last year, the price of this cryptocurrency soared 5,121%, surpassing 97% of the top 100 crypto assets by market capitalization. The coin is currently trading 3,581.39% above its 200-day simple moving average (SMA) of $0.000168, indicating strong market momentum.

🌍 $turbo – United 🌍
Let’s come together for our shared vision. like $turbo Holders, our unity is driving a global movement and changing lives. 📈
Let’s keep pushing our message. 🔄
#TurboToken #turbo revolution pic.twitter.com/FjiWZ3f4rj
— Turbo 🐸 (@TurboToadToken) June 10, 2024

Turbo Coin’s 30-day volatility is 65%, making it a high-risk, high-reward investment option. This appeals to investors seeking significant returns. Despite its speculative nature, the project has garnered a loyal following, recording 17 profitable trading days last month, indicating continued investor interest. Additionally, the coin boasts high liquidity with a market capitalization-to-trading volume ratio of 0.5238, a market capitalization of $392.73M, and a 24-hour trading volume of $205.70M.

4. Mogcoin (MOG)

Mogcoin’s price prediction looks positive, but it may temporarily drop by 15-20% from the current price. With a market capitalization of just $440 million, there may be more room for upside considering the strong buying interest seen on the price chart.

There is good news for Mog Coin supporters. In addition to Mog’s big rally last month, the price also broke resistance levels during the March rally. Although the price has declined slightly over the past 24 hours, the overall forecast for Mog Coin remains optimistic.

Mog Coin Price Chart

Moreover, while consolidation could increase strength, it could weaken market sentiment if Bitcoin falls below $67,000. The price of MOG fluctuated between $0.000001164 and $0.00000154. However, if MOG fails to stay above $0.000001300, the bears may gain control.

The MOG cryptocurrency has seen a significant surge in trading volume, leading to increased supply level volatility and price instability. However, continued high demand may push the price of MOG higher. Your next goal could be $0.000002000.

5. Celsius (CEL)

CEL, Celsius Network’s cryptocurrency, has been showing a notable surge since May, attracting the attention of cryptocurrency investors. Driven by a growing wave of buying interest in the market alongside Bitcoin, CEL hit a high of $1.66, its highest in 20 months. This surge began with a significant reversal pattern and was supported by a notable increase in futures open interest, suggesting a promising recovery and potential for further growth.

According to the daily chart, CEL showed a noticeable sideways trend from March 2023 to April 2024. A lack of investor activity has kept CEL’s recovery below $0.42, likely impacted by its Chapter 11 bankruptcy filing in the U.S. Bankruptcy Court for the Southern District of New York. However, on January 31, 2024, Celsius Networks LLC announced that it had emerged from bankruptcy after completing a transaction under a confirmed plan of reorganization.

Celsius price chart

The CEL token has rebounded from its May low of $0.114 as investors feel more positive. By 6:25 a.m. ET, it had surged 1,360% to $1.67.

During this upward trend, buyers of the cryptocurrency broke the resistance level of $0.42, indicating a move away from a 20-month accumulation period. This rally also saw a significant increase in futures open interest, according to Coinglass data. Open interest jumped from $850,960 to $11.23 million, indicating strong trading activity and greater market leverage. This significant rise suggests that traders are bracing for further price movement soon.