Next cryptocurrencies set to explode on Thursday June 6th — Mantle, GMX, Stacks, Livepeer

adminJune 7, 2024

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Cryptocurrency prices have been on the rise recently, and the overall market atmosphere is favorable. Bitcoin (BTC) has recently risen above $70,000, and Ethereum (ETH) is working to reach $4,000, providing some relief to investors.

But discerning Next Cryptocurrency to Explode This can be a bit difficult since most funds are attracted to asset pumping. 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. Mantle (MNT)

Unlike many other popular cryptocurrencies, Mantle’s price has seen a strong upward trend in the last few weeks of 2023. Despite the bears’ efforts to cut profits, the bulls successfully defended the support level. These recent gains have reignited hopes that annual highs will be reached again.

Over the past 24 hours, the MNT/USD price on Mantle rose 5.86% to $1.03. In the past week, it has risen over 4.0% from $1.00 to its current price. The coin’s current all-time high is $1.54.

mantle price chart

MNT price has held steady at support levels just below $1 for over a month, especially at $0.944. This led to the current rebound. The RSI is rising, which indicates that the price may move higher and test the upper resistance at $1.08. Bollinger bands are parallel, which indicates that bulls and bears are equally strong or inactive. As a result, the price will continue its upward trend and may soon reach the resistance level.

⚙️ Mantle EcoFund: $5 million to be deployed to fuel SocialFi and gaming innovation on the Mantle Network starting March 2024
New funds are being poured into new dApps.
👾 @MetaCeneGame
🗡 @BladeGamesHQ
🏛️ @co_museum
🌟 @fingerlabs_io
🪽 @L3E7_Official
🌟 @theDreamOS pic.twitter.com/wS4wcuMerT
— Mantle (@0xMantle) June 5, 2024

Current market sentiment for Mantle (MNT) is cautiously optimistic. Prices have risen slightly over the past week and month and are close to recent averages, encouraging traders. Resistance and support levels show a cautious yet measurable range of movement. These dynamics can attract new investors and stabilize the coin’s market position. Overall, simple metrics lay the foundation for gradual and steady growth.

2. GMX

GMX Markets is one of the most successful on-chain derivatives markets, surpassing DyDx in terms of fees. GMX is very secure because it uses OpenPGP encryption, which has never been hacked. GMX Markets’ leadership position is evident in on-chain fees, as activity levels are directly reflected in these fees. On the Arbitrum chain, GMX can generate over $277,000 in fees during a peak 24-hour trading period.

GMX cryptocurrency has performed well recently. It soared 69.90% over the past month. Last week it was up 26.53%. GMX price rose 20.91% in the last 24 hours, reaching $44.59. With a market capitalization of $423.65 million, trading volume of $82.38 million, and 9.523 million tokens in circulation, GMX is a cryptocurrency to watch.

GMX price chart

Late last month, GMX announced plans to enhance its platform with advanced integration with NotifiNetwork. This partnership provides real-time transaction and governance alerts, providing users with immediate data access. The new feature allows traders to enhance their trading experience by receiving instant trade alerts, price alerts, and protocol updates directly to their wallet address.

Wave 2 of the GMX Grant Program is now underway! Interested developers are encouraged to submit grant proposals as soon as possible.
Additional information about GMX STIP-B incentives:
🔸 https://t.co/Lq693SwvYy https://t.co/S68xPEvCQb
— GMX 🫐 (@GMX_IO) June 5, 2024

Additionally, GMX plans to launch a second grant program that will provide incentives to beneficiaries. Technical analysis shows bullish sentiment for GMX, with potential price targets at $50.0 and $60.0 if the breakout continues.

GMX’s daily chart shows a rise in support levels and holds above the 20-day and 50-day EMAs. The asset is bullish along an upward trend line.

3. Stack (STX)

Stack (STX), a platform designed to scale and build on Bitcoin, has seen a modest price increase compared to the broader cryptocurrency market. Over the last 24 hours, STX is up 7.16% and is currently trading at $2.38. During this period, the lowest price was $2.20 and the highest price was $2.45. A key driver of the recent STX price rally is the all-time high Total Value Locked (TVL) in STX-denominated DeFi applications on the leading Bitcoin L2 platform.

our friends @DefiLlama Leading Bitcoin L2 decentralized finance app reports all-time high for STX, denoted TVL ✌ pic.twitter.com/TZSfDBSoV4
— stacks.btc (@Stacks) June 5, 2024

Analysts have seen increasing buying pressure for STX on major exchanges such as Coinbase and Binance. One analyst noted that whales are continuously bidding, causing a supply shortage as there is not enough STX on exchanges to meet the growing demand. This significant buying activity indicates that large investors have a positive outlook on Stacks and its native tokens.

our friends @DefiLlama Leading Bitcoin L2 decentralized finance app reports all-time high for STX, denoted TVL ✌ pic.twitter.com/TZSfDBSoV4
— stacks.btc (@Stacks) June 5, 2024

The $STX coin price has seen weak price movements over the past month, trading between $1.8000 and $2.200. However, this week saw a strong bullish trend reversal, breaking significant resistance levels. Cross EMA 50/200 days indicates a bullish reversal on the price chart and indicates increased positive momentum for the $STX coin. If the market holds the price above the $2.400 support level, STX price may challenge the $2.800 and $3.150 resistance levels.

4. Bass Dogz (DAWGZ)

bass dogs It is one of the latest memecoin releases featuring an eye-catching Top Gun themed logo and attractive mascot. Pre-sales for the project recently began, generating quite a buzz. Although its primary platform is Base, Base Dawgz (DAWGZ) offers a unique multichain experience with seamless interoperability across a variety of blockchains, including Ethereum, Solana, Binance Smart Chain, and AVAX.

To help users easily navigate the decentralized world, Base Dawgz leverages advanced Web3 technologies such as Wormhole and Portal Bridge. It ensures smooth transactions across multiple blockchain ecosystems and provides excellent multi-chain functionality.

The project plans to introduce staking rewards in the future, and 20% of the total token supply is already reserved for this purpose. The “Be Social for Airdrop” campaign rewards users with points that can be exchanged for $DAWGZ tokens. To participate, join our social media networks at

Base Dawgz has a strong memetic theme, and while it lacks utility, it emphasizes interoperability as a unique selling point. Some see this as an advantage because it gives developers time to understand and shape the direction of the project based on community feedback. If you want to participate in the pre-sale, you can purchase it. DAWGZ Token Each costs $0.00479. But act quickly as prices will increase within 5 days.

Visit Base Dawgz Presale

5. Live Peer (LPT)

One blockchain project that is significantly changing the way we consume content is Livepeer. This project is the first protocol to manage a fully decentralized live video streaming network.

LPT price has been strong, rising 51.71% over the past month. The altcoin price rose 11.81% to $23.83, with trading volume reaching $88.85 million. Since the market has pushed the price above the $23.56 resistance, bulls may aim to test the next resistance at $27.50 this month.

Livepeer price chart

Livepeer is the first company to create a fully decentralized live video streaming network protocol. Blockchain technology provides an efficient alternative to centralized broadcasting. Creators can submit their work to the platform, reformat it and distribute it to users and streaming platforms. Users can enjoy benefits such as pay-as-you-go content, auto-expanding social video, uncensored journalism, and video-enabled DApps.

As deepfakes and AI-generated media become more prevalent, the authenticity of content becomes more important.
Watch “Fighting Deepfakes on Blockchain” from the founder of Livepeer @petkanics We discuss these critical issues in the AI era and how blockchain technology can help.
👇
— Livepeer (@Livepeer) June 1, 2024

LPT cryptography is a compensation and collaboration tool that ensures the system is secure, reliable, and economically viable. As demand for video content grows, broadcasters may choose a more scalable solution like Livepeer.