Blockchain

Next cryptocurrencies set to explode on Sunday, June 9 — GameStop, Biconomy, Tron, Monero

adminJune 9, 2024

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The altcoin market looks optimistic as some coins attempt to rebound. Investors should pay attention to this consolidation phase as it could be an opportunity to ride the upward trend.

Institutional investors are now paying more attention to interoperability and tokenization of real-world assets. The prices of these assets are rising even before the market fully rises. The goal is to identify: Next Cryptocurrency to Explode Inform investors and traders about each token.

Next Cryptocurrency to Explode

Next month, the attention of the cryptocurrency market will turn to the altcoin and meme coin sectors to make the most of the altcoin market. Therefore, investors can take advantage of the moment and take positions in upcoming tokens like PlayDoge. PlayDoge is a new Doge meme coin that uses Play-to-Earn technology to create a gaming economy with real-world monetary value. This post contains detailed information about presale.

1. GameStop (GME)

Solana-based GME coin (GME), a meme coin inspired by the 2021 GameStop short squeeze, experienced a surge in value, increasing more than 150% to $0.029 on June 7. This rise came after Keith Gill, known as Roaring Kitty. , announced his return to YouTube after three years.

Since June 2, the price of the GME cryptocurrency has surged more than 730%. Following Gill’s revelations about GameStop’s stock trading, the GME token rose more than 110%.

GameStop price chart

Keith Gill’s YouTube announcement lacked details, but sparked considerable speculation that he could be optimistic about GameStop’s future. These expectations have galvanized the investor community. One notable example is a trader who turned a $2 million investment in Solana’s native token into a $1.5 million profit via GME meme coins.

At press time, the GME price is sitting at $0.0183, up 22% over the last 24 hours. The market capitalization is now $125,698,661, an increase of 21.92%. Sentiment regarding GME’s price prediction is currently positive. This is indicated by a Fear and Greed Index of 75 (Greed), which indicates growing optimism about more token trading and an upward trend.

Given its solid foundation and support from a dedicated cryptocurrency community, GME has significant potential for future growth. If the bullish trend in the cryptocurrency market continues, the average price of GME coins in 2024 is expected to be around $2.33.

2. Bieconomy (BICO)

Biconomy’s unique relay network solves common blockchain problems. Curve Finance, Perpetual Protocol, Decentral Games, and Sapien Network use it to enable gasless transactions. Quantstamp, MixBytes, Certik and Holborn conduct audits to ensure the security of these transactions.

Biconomy also provides developers with an easy-to-integrate software development kit. Users sign transactions with their private keys, keeping the platform non-binding and trustless.

Biconomy price chart

Additionally, Biconomy’s multichain relay protocol improves the user experience of decentralized applications (DApps). The project aims to make Web3 products as user-friendly as Web2 products, and its infrastructure aims to overcome various Web3 limitations.

Biconomy allows users to sign up without paying for gas. You can also use ERC-20 tokens to cover gas fees for transactions. The platform makes blockchain interaction easier and speeds up transaction confirmation.

The current price of BICO is $0.6364, showing an increase of 19.30% in the last 24 hours and an increase of 154.60% over the past year. It is trading 1138.56% above its 200-day simple moving average (SMA) of $0.26812. However, the 14-day relative strength index (RSI) is 79.08, suggesting that a decline is likely soon. In the last 30 days, BICO recorded 15 green days and the volatility was 10.31%, indicating unpredictable price movements.

Nonetheless, favorable price forecast sentiment and the Fear and Greed Index of 75 (Greed) indicate increased trading of the token and growing optimism about its upward trend.

3. Tron (TRX)

TRON is a well-known layer 1 blockchain platform with over 2 million daily users. This achievement highlights the platform’s unique community and strong interaction. Partnerships and an active community will increase user engagement on TRON and influence TRX trading.

Since its launch in June 2018, TRON has established itself as a major competitor among blockchain platforms such as Ethereum, Tezos, Cardano, and EOS. For security, we use the Delegated Proof of Stake (DPoS) system.

Tron price chart

In May, TRON achieved several important milestones. For example, TRON’s decentralized stablecoin, USDD, entered CoinMarketCap’s top 100 just 16 days after its launch on May 5. As of June 1, the circulating supply of USDD was over $667 million and over 8 billion TRX had been burned. DefiLlama also revealed that TRON now ranks third among all public blockchains with a total value locked (TVL) of $6.17 billion, behind Ethereum and the BNB chain.

TRON has seen significant price changes since its launch. The price of TRX was initially set below $0.002, peaking at $0.30 in January 2018, before falling to $0.03, and continuing to fall until June 2020, hitting a low of $0.007. In April 2021, the token rose to $0.1616 and then fell again due to a market correction.

The price of TRX was $0.1164 at the time of reporting, and the 14-day relative strength index (RSI) was 50.05, showing a neutral trend. TRON’s high market capitalization and liquidity make it an attractive option for investors, indicating its resilience and potential for significant returns.

4. Play Doji (PLAY)

Just 14 days after launch, PLAY The ICO moved forward at a rapid pace, raising over $3.2 million. $PLAY is a meme coin like Dogecoin, but with a specific focus on the Shiba Inu dog breed, where the similarities end.

PlayDoge is a mobile-based Play-to-Earn (P2E) game that turns your DOGE meme into a Tamagotchi-style virtual pet. This allows users to earn $PLAY tokens. The game combines 90s nostalgia with modern blockchain technology. Players can take care of an 8-bit pixel Doge in this retro mobile game. They earn $PLAY tokens by feeding them, playing mini-games, and bonding with their virtual pets.

PlayDoge is unique compared to Dogecoin in that it operates on the BNB chain developed by Binance, the world’s largest cryptocurrency exchange. In addition to earning through Play-to-Earn (P2E) mechanisms, token holders can also earn passive income by staking $PLAY, which delivers an incredible Annual Percentage Yield (APY) of 1,753%.

today, $PLAY token The price is $0.00504 each. Price increases are expected within 24 hours, so it’s best to get the best deal quickly. You can participate in the pre-sale by purchasing $PLAY with BNB, USDT, or bank card on the official website.

Join the PlayDoge pre-sale here.

5. Monero (XMR)

Monero (XMR) is a leading privacy-focused cryptocurrency built on the CryptoNote protocol. We provide a secure, private currency system using unique encryption methods to ensure that every transaction cannot be traced or linked.

Monero price chart

Monero is trading at $169.44, approximately 78,371% higher than its low of $0.2162 on January 14, 2015. With a market capitalization of $3,118,095,142, Monero reached its peak of $542.33 on January 9, 2018. Considering its strong performance over the years, Monero is a promising investment choice.

Moreover, Monero (XMR) has seen its price increase by about 12% over the past week. In a positive development, the price of Monero increased by 3.02% over the past day and by 28.54% over the past month. Although XMR’s year-to-date (YTD) return is less than 3%, improving market sentiment suggests a bullish trend for the altcoin in the coming months.

After a correction of about 39% in February, the bulls lost steam and prices weakened, trading sideways between $112.80 and $126.50 for more than three months. As the uptrend regained momentum, prices broke out of this range. Since then, XMR has been on a steady upward trend.

Learn more

PlayDoge (PLAY) – Latest ICO on BNB Chain

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  • 2D Virtual Doji Pet
  • Play to earn Meme Coin Fusion
  • Staking and in-game token rewards
  • SolidProof Thanks – playdoge.io

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adminJune 9, 2024

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