5 Altcoins To Explode in Q3 2024: PEOPLE, SFP, PLAY, HONEY, SQD

The altcoin market looks bullish as some coins try to bounce back. Investors need to stay alert during this consolidation phase, as it could be a chance to ride a rising trend.

The altcoin market is showing signs of strength as some coins attempt to recover from recent losses. This could present an opportune moment for investors to capitalize on potential price surges.

With institutional investors shifting their attention toward interoperability and tokenizing real-world assets, prices are surging even before the broader crypto market takes off. The goal is to identify the next cryptocurrencies that are set to explode and keep investors and traders informed about each token.

Next Cryptocurrency To Explode

Attention in the crypto market will be directed toward the altcoin and meme coin sectors over the next month, aiming to maximize gains in the rising altcoin market. Hence, investors can capitalize on the moment and take a position in upcoming tokens like PlayDoge. PlayDoge is a new Doge meme coin that utilizes play-to-earn technology to create a gaming economy with real monetizable value. This post covers the details of its presale.

1. ConstitutionDAO (PEOPLE)

ConstitutionDAO was a crowdfunding initiative undertaken by web3 enthusiasts to acquire an original copy of the U.S. Constitution at a Sotheby’s auction. Though their bid was unsuccessful, the PEOPLE token, which signifies an interest in ConstitutionDAO, has seen its community grow into a historically significant decentralized autonomous organization (DAO).

Furthermore, the token's community-driven approach has led to a substantial increase in its price since its launch. Over the past 24 hours, PEOPLE has seen gains of over 9%, highlighting its short-term potential. Over the year, it has increased by an impressive 96% and 600%, respectively, indicating its sustained long-term growth. This rapid rise in popularity can be attributed to viral marketing campaigns featuring Nicolas Cage memes, listings on major exchanges, and a robust and active community.

Despite a recent drop in the last 24 hours, ConstitutionDAO has generally maintained its gains over a longer period. The critical question is whether the token can continue its upward trend and reach new highs by the third quarter of 2024. This is possible if the bulls can sustain their momentum despite potential selling pressures in the broader cryptocurrency market.

Recently, PEOPLE fell below its $0.10 support level and has faced resistance in exceeding this threshold over the past two days. However, analysts anticipate ConstitutionDAO to recover and breach its all-time high, driven by the bullish impact of Spot Bitcoin ETFs. The token's recent performance has also enhanced its attractiveness as an investment option.

2. SafePal (SFP)

Launched in 2018, SafePal is a cryptocurrency wallet that aims to help users protect and grow their digital assets. It operates on the BNB Smart Chain (BEP20) and offers both software and hardware wallets that can be accessed through the SafePal app. SafePal’s native token, SFP, has seen strong price growth since the start of the year, reflecting positive market sentiment. Despite a 7.86% drop over the past week, it boasts a Year-to-Date (YTD) return of 59.54%.

Known for its secure and user-friendly crypto wallets, SafePal enjoys significant credibility and market reach as it is backed by Binance. Additionally, SafePal continues to expand its product offerings and integrate more assets, making it attractive to traders seeking quick gains in the competitive crypto market.

Excited to partner with @MultiversX, a sovereign blockchain for next-gen apps 🙌

MultiversX mainnet is integrated in the @iSafePal mobile & hardware wallets, with browser extension & collabs to follow

📚: https://t.co/q9PjqcCWOL📱DL App: https://t.co/fBj8jI9ied#SFP #EGLD pic.twitter.com/mVT2R8OlB6

— SafePal – Crypto Wallet (@iSafePal) July 5, 2024

The SFP token is experiencing a bullish reversal with a steady upward trend. After a decline in early 2022, the token is gradually recovering. It has broken above the 50-week EMA and faces resistance at the $0.85 supply zone.

According to Fibonacci levels, there is consolidation between $0.85 and the 23.60% level at $0.688. The ongoing uptrend could lead to a breakout, as the MACD indicator signals a bullish crossover and the 50-week EMA provides consistent support. If this breakout occurs, the token could reach the $1.66 mark, targeting the overhead Fibonacci levels.

3. PlayDoge (PLAY)

PlayDoge ($PLAY) is attracting considerable interest, having raised $5.3 million during its presale, indicating strong investor confidence. The presale is structured into 40 phases, each increasing the token price slightly. Currently, $PLAY tokens are priced at $0.00515 each, and