Crypto Gloom

The following cryptocurrencies are set to explode on Thursday, August 22nd: Fantom, Tectum, Beam, RARI

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By Crypto Gloom

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Cryptocurrency prices have been rising recently, and the overall market sentiment is positive. Bitcoin (BTC) has been hovering around $61,000 recently, while Ethereum (ETH) is trying to approach $3,000, creating mixed sentiment among investors.

Identify The next cryptocurrency to explode Since most funds are attracted to asset pumping, it may require work. In today’s article, we will look at the performance of cryptocurrencies that dominated the list of gainers in the last 24 hours. The goal is to identify coins with potential and inform investors and traders about each token.

The Next Cryptocurrency to Explode

In today’s article, we discuss the performance of potentially explosive cryptocurrencies that investors should add to their watchlists. We also include a special mention of Base Dawgz, one of the latest memecoins to launch on Base Network. It features a unique multichain experience with seamless interoperability across multiple blockchains. Details on the presale and the performance of today’s best performing cryptocurrencies are shared below.

1. Phantom (FTM)

The price of Fantom has risen above $0.40 despite the recent market downtrend. In the last 24 hours, the price has risen by 16.41% to $0.458095. The trading volume for the day was $751.03 million and the market cap is $12.8 billion, giving Fantom a market dominance of 0.06%.

The recent price increase reflects growing investor confidence and increased market activity. In early August, Fantom’s value fell sharply due to a broad market decline, with open interest falling to $47 million. However, within a week, open interest increased by 50% to $75 million. This increase suggests increased liquidity and renewed interest in Fantom.

Phantom Price Chart

Additionally, Fantom’s trading volume jumped from $50 million to $200 million in the same week. This rapid increase indicates that more traders and investors are participating in the market.

Fantom’s price has risen 127% in the past year, outperforming 69% of the top 100 crypto assets. While Fantom is still 87% below its all-time high, its market cap and low annual inflation rate of 0.05% position it well for future growth.

2. Roof (TET)

Tectum is a decentralized, open-source cryptocurrency designed to provide a fast, affordable, and privacy-focused platform. As a third-generation Layer 1 blockchain, it boasts an impressive transaction processing speed of 3.5 million transactions per second. This capability effectively solves the scalability issues associated with Bitcoin payments, making it one of the fastest blockchains in the world.

Tectum Price Chart

The price of Tectum has increased by 30.70% in the last 24 hours and by 65.11% in the last week. The current sentiment for Tectum Token (TET) is Bullish, but the Fear & Greed Index is at 39 (Fear). However, the price increase of 30.70% and the 24-hour volume increase of 55% suggest that TET is in an uptrend.

Tectum is also expected to grow significantly by 2025, with an average price of $37 and a peak of $44. This growth can be attributed to the favorable regulatory environment and increasing global adoption of cryptocurrencies. Additionally, the approval of Bitcoin ETFs and increased regulatory compliance among major centralized exchanges are likely to contribute to this positive price movement.

3. DAWGZ Base

Dawgz bass ($DAWGZ) It started off strong in August, raising over $2.9 million in pre-sale funds. This success is closely tied to the growth of its parent company, Base, which grew 56% in July. As Base expands, the Shiba Inu-themed meme coin is gaining more attention. The pre-sale price was $0.008173 $DAWGZ token will rise within 4 days.

Base Dawgz also offers a Share-to-Earn system that rewards the community for creating and sharing content like memes to earn additional $DAWGZ tokens. In addition, multi-chain functionality and an impressive 809% APY staking option are gaining traction. 20% of the token supply is set aside for staking rewards.

The presale allocated 20% of the supply, 20% to liquidity, 15% to marketing, and 15% to $DAWGZ rewards. The final 10% will be used to secure listings on top platforms, making the token more accessible. The roadmap outlines ambitious plans, including listings on decentralized exchanges (DEXs) and community rewards through airdrop campaigns to drive social engagement.

Base Dawgz is positioned as a great presale opportunity for 2024 thanks to its staking rewards, multi-chain functionality, and community-driven incentives. To participate, Visit the Base Dawgz websiteConnect your wallet and purchase $DAWGZ using Base (ETH, USDC), ETH (ETH/USDT), SOL, BSC (BNB/USDT), or AVAX. You can also stake your tokens to earn significant rewards with an incredible 1,146% APY.

Visit Base Dawgz Pre-Sale Now

4. FET

According to expert analysis, Fetch.ai is trading on the Ichimoku cloud, suggesting a potential bullish trend. Meanwhile, the leading edge has also turned green, reinforcing this bullish outlook. However, FET’s RSI is neutral at 62.81, which could lead to sideways trading.

At the time of writing, Fetch.ai is selling for $1.02 per token, which is up 13.65% in the last 24 hours. Fetch.ai hit its highest price ($3.46) on Mar 28, 2024, and its lowest price ($0.007972) on Mar 13, 2020. Fetch.ai is currently trading at 16.65% above its 200-day SMA of $0.869975.

Fetch.ai Price Chart

Fetch.ai’s recent price increase has been driven by factors such as the growing influence of artificial intelligence (AI) in traditional and crypto markets. Fetch.ai has performed exceptionally well in the past year, with a price surge of 421.59%. This impressive gain has outpaced 89% of the top 100 crypto assets, including major cryptocurrencies such as Bitcoin and Ethereum.

Another key factor in FET’s strong performance is the formation of the Artificial Superintelligence Alliance in partnership with Ocean Protocol and SingularityNET. This partnership will merge all tokens into a new universal AI cryptocurrency, the ASI token. The transition began when OCEAN and AGIX merged with FET, which will later be converted to ASI at a 1:1 ratio.

Fetch.ai’s 714% growth over the past year shows strong upward momentum. This increase reflects high investor confidence and a solid upward trend. As a result, if the positive momentum continues, we expect FET to reach higher levels.

5. Rare (Rare)

$RARI is an ERC-20 token that manages the treasury of the RARI Foundation and oversees the Rarible Protocol and RARI Chain. Introduced in 2020, $RARI has a maximum supply of 25 million tokens. The RARI DAO manages the RARI DAO treasury and develops the Rarible Protocol and RARI Chain ecosystem. This vision is realized through a robust governance framework that locks $RARI in voting, allowing anyone to participate in decision-making.

$RARI performs multiple functions within the ecosystem, including project funding, governance, and trading. As a utility token, it is essential to the Rarible platform, allowing users to participate in the governance of the RARI DAO and the Rarible protocol.

RARI Price Chart

The Rarible Protocol, an open-source infrastructure, supports the creation of various NFT applications. It improves the NFT marketplace by providing tools for marketplaces, wallets, analytics, etc. The RARI Chain, an Ethereum L3 chain, focuses on security and low-cost transactions, and provides benefits to creators by guaranteeing royalty payments at the node level.

In June, NFT trading platform Rarible made it accessible via Bitget Wallet. This feature provides users with a seamless connection to create and trade NFTs. Available on mobile devices and browser plugins, Rarible’s services can be accessed on networks such as Ethereum, Polygon, and Solana. Users can also earn $RARI tokens as rewards for their trading activities.

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