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Cryptocurrency News Articles
The Next Cryptocurrency to Explode: Mega Dice (DICE), Convex Finance (CVX), Sei Network (SEI), Siacoin (SC), and Catizen (CATI)
Sep 22, 2024 at 04:29 am
Earning significant ROI in a bull market could mean paying attention to the meme coins and Altcoins with explosive potential. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets.
Investors seeking significant ROI in a bull market may consider meme coins and altcoins with explosive potential. However, identifying the next cryptocurrencies to explode can be challenging, as large funds often pump assets.
This article highlights the performance of cryptocurrencies that topped the gainers list in the last 24 hours, aiming to identify the next cryptocurrencies to explode and provide traders and investors with insights into each token. Additionally, it includes an overview of the market trend of crypto assets, which could potentially post significant gains in the future.
Next Cryptocurrency To Explode
In a market where investors and traders are eager to either edge their gains or capitalize on emerging trends, experts believe that investors have a better chance of finding the next cryptos to explode among upcoming crypto projects.
With that in mind, investors might want to look into the potential of Mega Dice. The project sets out to reward current casino users with several benefits while also attracting new players. Updates on the project and its prospects are shared below.
1. Convex Finance (CVX)
In the current volatile market, Convex Finance shows signs of a potential reversal, with its price trend forming a double-bottom pattern inside a descending triangle. Moreover, Convex Finance’s market cap has reached $219.53 million, with its value increasing by 7.53% over the past 24 hours. It is trading at $2.23, showing a slight intraday recovery of 2.63%, following a 4.9% jump overnight. Investors are optimistic, expecting a bull cycle to push the price toward the upper trendline.
Looking at the Fibonacci levels, if the bullish trend continues, the price may aim for the 23.60% level at $2.811. A breakout above the trendline could also set higher targets, reaching the 50% level at $3.73 or even the 78.60% level at $4.73.
Convex Finance is a decentralized finance (DeFi) protocol that helps Curve liquidity providers earn rewards without needing to stake directly. By using Convex, LPs can enhance their CRV and liquidity mining rewards. This process is designed to improve capital efficiency for CRV stakers.
Over the past week, Convex Finance has risen by 5.39%, signaling a bullish trend in the MACD indicator. This positive trend suggests the possibility of a breakout, with the price potentially reaching $5.50, representing a remarkable 146.64% increase if it surpasses the trendline resistance.
2. Sei (SEI)
Sei Network (SEI) is gaining attention for its ability to enhance decentralized finance (DeFi) applications with ultra-fast transaction speeds and a unique order-matching engine. As the DeFi space grows, platforms like Sei are becoming more important, positioning SEI as a promising token to watch in 2024.
Despite a decline in late 2023, with its market cap dropping from $2.8 billion to $1 billion, there is still optimism for a recovery. SEI is currently priced at $0.3662, and its market cap and supply show signs of stabilization.
In terms of performance, SEI has traded between $0.34 and $0.38, experiencing some volatility. Over the past month, the coin has gained 27.14%, including a rise of 23.45% in the last week. It is currently struggling to break through the $0.40 resistance level, but if it succeeds, it could climb to $0.50, offering a possible 51% return. On the downside, support at $0.20 provides some security.
A lot can happen in one week.
From new integrations and community initiatives to hitting consistent all-time highs in TVL and daily active users, the Sei ecosystem keeps getting stronger.
Here’s a recap of what went down. Alpha below 👇
Reminders:
🔴 New ATH in daily active… pic.twitter.com/WgqczVHhe7
— Sei 🔴💨 (@SeiNetwork) September 20, 2024
Key indicators, like the RSI at 48.79 and a neutral MACD, suggest mixed market sentiment. Known for its speed and expanding ecosystem, which includes play-to-earn and metaverse projects, Sei Network still offers a solid entry point for new investors despite being 75% down from its peak.
3. Mega Dice (DICE)
Mega Dice is gaining attention as one of the most talked-about upcoming presale projects in the crypto community. Focused on transforming the GambleFi industry, Mega Dice combines traditional casino gaming with blockchain technology. The platform offers over 4,000 games and a user-friendly interface that appeals to gamers and crypto investors.
The project
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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