Crypto Gloom

Next Cryptocurrency to Explode, September 3 — Sun Token, ApeCoin, UMA, Stacks

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By Crypto Gloom

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Getting significant ROI during a bull market could mean paying attention to meme coins and altcoins that have explosive potential. However, since most funds are attracted to pumping assets, identifying the next cryptocurrency to explode may take some work.

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: Next Cryptocurrency to Explode Inform investors and traders about each token. Additionally, this post includes an overview of market trends in cryptocurrency assets that have the potential for significant gains in the future.

Next Cryptocurrency to Explode

The market is a time when investors and traders take positions to increase profits or take advantage of new trends. Experts believe that investors are more likely to find the next explosive cryptocurrency among upcoming cryptocurrency projects. With this in mind, investors should explore the potential of Mega Dice. The project aims to bring new benefits to current casino users while also providing many benefits. Updates on the project and outlook are shared below.

1. Sun Token (SUN)

The current price of SUN is $0.018, up 3.27% in the last 24 hours. The market capitalization also increased at the same rate, reaching $179.16 million. Additionally, 24-hour trading volume surged 55.36% to $121,730. SUN is currently trading 118.73% above its 200-day simple moving average (SMA) of $0.008192.

While SUN’s price prediction sentiment is neutral, the Fear Greed Index is at a level of 37, indicating fear in the market. However, recent increases in price and trading volume suggest growing interest in the token, suggesting an upward trend.

Sun Token Price Chart

SUN.io, TRON’s first all-in-one platform, supports stablecoin swaps, token mining, and autonomy. SUN tokens provide holders with voting rights, governance, value capture, and staking rewards.

With a solid foundation and support from the cryptocurrency community, SUN has been able to achieve significant growth. If the project secures cooperation with other networks, the price could surpass $0.1 by 2024. If the bullish trend in the cryptocurrency market continues, the average price could reach $1 by 2025. However, if the market turns bearish, the price may drop to $1. In 2024, it will be at least $0.008.

2. SPX6900(SPX)

According to GeckoTerminal data, the SPX6900 maintained a consolidation phase throughout September, trading near its 200-day simple moving average (SMA) at around $0.034. After this period of stability, shown in the yellow box, the price surged, signaling a strong bullish breakout. The current price movement is parabolic and shows rapid growth.

SPX6900 is currently trading above its 50-day and 200-day SMA, confirming a bullish trend. The moving average convergence divergence (MACD) is also rising above the neutral line, further indicating positive momentum for the price.

SPX6900 price chart

If this bullish trend continues, SPX6900 could reach the target of $0.233. However, the relative strength index (RSI) has fallen from an overbought level of 70 to the current level of 66. This could suggest that sellers are stepping in, potentially leading to a price drop. If selling pressure increases, SPX6900 could fall to its 50-day SMA of $0.079, which could act as support.

3. Mega DICE

Mega Dice ($DICE) debuted on decentralized exchange Raydium this Monday after successfully raising over $1.9 million during the pre-sale period. Mega Dice, one of Solana’s top GameFi projects, introduced the $DICE token, which offers lower transaction fees and various utilities to users. This includes cashbacks, improved gameplay, and exclusive NFTs, with plans for future features like futures trading.

To support the launch, the project burned 128 million $DICE tokens and launched version 2 of its staking platform. Staking V2 offers an impressive 2,368% APY for fixed-term staking pools of 30 and 90 days, with additional rewards for early participants.

These plans aim to help the $DICE price recover from the initial sell-off as early investors looking for quick profits have already sold. With a roster of exchanges and a team focused on delivering value to both players and token holders, Mega Dice is establishing itself as a strong competitor in the GameFi space, competing with major players like Rollbit.

As with all token listings, some investors took profits quickly, causing $DICE to lose about 70% of its value in the first 24 hours, according to DEXTools. However, the project burned 128 million $DICE tokens and 45,000 liquidity provider tokens, reducing the overall supply and potentially increasing the value of the remaining tokens. This move is expected to support the project’s long-term growth.

View Mega Dice in Raydium

4. One (one)

UMA is showing strong momentum and delivering notable performance in the market. In the last 24 hours, the price rose 1.58%, reaching $2.89. This growth is supported by high liquidity, with a volume-to-market-cap ratio of 0.913, indicating active interest and trading.

UMA’s 14-day RSI is 58.11, suggesting balanced market sentiment. This indicates that the coin is not overbought, but may continue to trade steadily for the time being. With 18 green days in the last 30 days, UMA has a 60% success rate in positive price movements, adding to its credibility.

UMA price chart

UMA stands out in the DeFi space due to its utility. The protocol allows users to easily create synthetic assets and financial contracts. As decentralized finance continues to grow, this functionality is becoming more valuable. Running on the Ethereum blockchain, UMA provides permissionless access to financial tools, making them accessible to users around the world and driving adoption.

Going forward, UMA’s long-term performance is impressive. It is currently showing a steady upward trend, rising 68.22% compared to the 200-day simple moving average. Its price has surged 113% over the past year, outperforming 62% of the top 100 cryptocurrency assets. With its unique protocol, growing adoption, and strong market traction, UMA is quickly establishing itself as a key player in the DeFi space.

5. Stack (STX)

Stacks (STX), a cryptocurrency tied to the Bitcoin system, has risen 7.36% in price over the past 24 hours, making it worth $1.77. With a market capitalization of over $2.6 billion, STX is now among the top 35 cryptocurrencies by market capitalization. However, trading volume decreased slightly, with 24-hour trading volume decreasing by 4.04% to $177.16 million.

Crypto analyst Altcoin Sherpa has a positive outlook on STX. The chart shows a consolidation pattern, indicating that the asset is in an accumulation phase. This is when buyers pool their positions and wait for a breakout. A cumulative range between $1.25 and $1.60 could serve as the basis for future price increases.

stack price chart

Volume data shows a slight decline but steady trading activity, indicating that the market is waiting for a stronger move. The Volume Profile Visible Range (VRVP) highlights significant buying interest within the $1.25 to $1.60 range, further supporting the idea of ​​an accumulation phase.

Additionally, the Stacks community is preparing for the Nakamoto upgrade on October 19th. This update will enhance Bitcoin’s decentralized finance (DeFi) features, including the launch of a Bitcoin-pegged token called SBDC and faster transaction speeds. The growing number of smart contracts in the stack indicates growing interest in Bitcoin-based DeFi.

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