Next Cryptocurrency To Explode Friday, June 7 — JasmyCoin, Andy (ETH), Highstreet, Wormhole

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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.

Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future. 

Next Cryptocurrency To Explode 

It’s that time in the market when investors and traders take a position to either edge their gains or capitalize on emerging trends. Experts believe investors have a better chance of finding the next cryptos to explode among upcoming crypto projects. With that in mind, investors should explore the potential of Mega Dice. The project aims to reward current casino users with many benefits while drawing in new ones. Updates on the project and its prospects are shared below.

1. JasmyCoin (JASMY)

JasmyCoin has seen a notable rise in value recently. There was buzz that JasmyCoin might partner with Apple, which excited investors. Due to this speculation, JASMY surged by 100%. However, this rumor has since been debunked and dismissed.

Despite this, there is still hope for JasmyCoin. Iggy Azalea’s involvement could drive JASMY to new heights. With the increasing attention on cryptocurrency, JasmyCoin could attract many new investors by the end of the year, especially following its recent partnership with Panasonic.

As of now, JASMY is priced at $0.04296. It has grown by 10.34% in the past day, 39.73% in the past week, and 122.62% in the past month. The market capitalization has reached $2.12 billion, supported by a 24-hour trading volume of $497.48 million, indicating a growth of 148.28%. The volume-to-market cap ratio is a solid 23.47%, reflecting intense trading activity.

The recent rise in JASMY’s price is due to increased activity from large investors. Analysts from Santiment have observed that transactions over $100,000 on the JASMY network have more than doubled compared to the 2024 average. This indicates that large holders are accumulating the token.

Several analysts have provided technical analysis of JASMY, suggesting that the token might continue to grow. Notably, crypto analyst Steph is Crypto has identified a bullish signal on JASMY’s price chart. He points out that the EMA ribbons on the weekly timeframe have turned bullish. This pattern is similar to one in 2023, followed by an 841% price increase.

2. Andy (ETH) (ANDY)

ANDY Token is another cryptocurrency that has recently attracted investors’ attention. Its current trading price is $0.0003045. This price is above its 20-day EMA, indicating a possible short-term uptrend. With an RSI value of 71.3, there is strong buying interest. If this trend continues, ANDY might experience a significant rally. In an optimistic scenario, ANDY could exceed its all-time high of $0.000300 and reach $0.0005.

Launched in March, ANDY initially consolidated around $0.0000105, according to GeckoTerminal data. In April, bullish activity gradually pushed ANDY to new weekly highs, culminating in an all-time high of $0.0002484.

Over the past week, ANDY’s price surged by 68.86%, reaching a new all-time high of $0.0003005 on June 3, 2024. The memecoin now has a market cap of $303.37 million and a 24-hour trading volume of $15.25 million. Over the past day, its value increased by over 17%.

ANDY’s price fluctuations formed a triple bottom pattern, triggering a bullish reversal starting mid-May. Consequently, ANDY’s price soared by 326% in just 14 days. The token’s bullish outlook remains strong, trading well above both the 50-day and 200-day Simple Moving Averages (SMAs).

3. Mega Dice (DICE)

The new GameFi token Mega Dice ($DICE) is making waves in crypto gaming. Its presale recently surpassed $1.4 million. Mega Dice is a leading brand in the crypto casino sector, with over 10,000 active players each month and more than $50 million in monthly wagers.

As one of the top platforms on Solana (SOL), $DICE effectively combines GambleFi and GameFi. It aims to challenge Rollbit’s ($RLB) dominance. The native $DICE token provides platform benefits like casino cashback, airdrop rewards, and NFT perks for holders.

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The online gambling industry is enormous and continues to increase. Its compounded annual growth rate (CAGR) is 6.20%. By 2029, the industry’s global revenue is expected to reach $136.3 billion. As the industry expands, crypto gambling is becoming one of its most rapidly growing and innovative segments. In 2023, the market value of crypto gambling is estimated to be $250 million.

Mega Dice is a leading name in the crypto casino industry, offering over 4,500 games. These include slots, premium live casino experiences, and engaging game shows. It also features a comprehensive sportsbook with over 60 sports and top market odds. Besides gaming, Mega Dice will soon introduce crypto futures trading, allowing users to earn DICE.

Investors can purchase Dice tokens at the presale price of $0.075. However, they must act quickly to buy at this rate before the price increases in the next stage of the presale. The previous rate was $0.069.

Visit the Mega Dice Token Presale

4. Highstreet (HIGH)

The Highstreet team has been actively working on several developments. They have implemented virtual reality and unveiled concept art exploring the project’s lore. Highstreet also integrates Shopify experiences into MMORPGs for brands, offering players an excellent Metaverse experience.

The price of Highstreet (HIGH) increased 21.19% within 24 hours, reaching $8.09. Highstreet’s market capitalization is approximately $407 million, with a trading volume of $165 million, marking a 195.58% increase in the last 24 hours.

The current sentiment for the HIGH price prediction is bullish. The Fear & Greed Index stands at 77, indicating Extreme Greed and reflecting an increase in token transactions. This suggests growing optimism for an upward trend.

$HIGH has solid fundamentals and a dedicated crypto community supporting it. Therefore, it has the potential to achieve significant growth in the future. If the HIGH project announces collaborations with other networks, the price of HIGH Coin could exceed $10.73 by 2024. If the bullish trend in the crypto market continues, the average cost of HIGH Coin is expected to be around $10.4 by 2024.

5. Wormhole (W)

Wormhole (W) is trading between $0.57 and $0.68. Over the past week, its price increased by 6.11% but decreased by 4.10% this month. In the past six months, it soared by 1,132.91%. The price is close to its resistance level at $0.74 and support level at $0.51. With an RSI of 41.64, W is currently in a corrective phase. The MACD is below zero, indicating downward pressure. The 10-day and 100-day SMAs show limited short-term momentum.

Wormhole’s market cap is $1.22 billion, and its 24-hour trading volume is $238.2 million, marking a 152.10% increase. This surge suggests growing investor confidence in Wormhole’s developments.

Wormhole is well-known for its interoperability platform, which supports multichain applications and bridges. It allows access to liquidity and users across over 30 major blockchain networks. This capability covers various uses, such as DeFi, NFTs, and governance, making Wormhole essential for decentralized ecosystems.

One major reason for Wormhole’s price increase is the introduction of $W staking for governance. A tweet from Airdrop Adventure X mentions that users who stake their $W tokens now might qualify for future Wormhole airdrops. 

Moreover, the project has already confirmed these airdrops. Additionally, staking $W could make users eligible for the eagerly awaited Monad airdrop. The launch of staking has attracted investor interest. It offers a chance to earn rewards and positions token holders for possible future airdrops.

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