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The cryptocurrency market looks quite neutral, but some coins are trying to bounce back. Investors should remain alert during this consolidation phase as this could be an opportunity to ride a bullish trend.
Institutional investors are now paying more attention to interoperability and tokenizing real-world assets. The prices of these assets are rising even before the market has fully started. The goal is to identify the next cryptocurrencies that will explode and inform investors and traders about each token.
Next cryptocurrency to explode
The focus in the crypto market in the coming month will be on the altcoin and meme coin sectors and making the most of the altcoin market. Therefore, investors can take advantage of this moment and take a position in upcoming tokens like PlayDoge. PlayDoge is a new Doge meme coin that uses play-to-earn technology to create a real-world monetizable gaming economy. This post covers the details of the pre-sale.
1. Bitget Token (BGB)
Until a week ago, BGB’s price was far from a new all-time high (ATH). However, a 16% rally in recent days changed this, pushing the altcoin’s price to $1.32. Now the ATH is just 5% away from $1.38.
The altcoin is likely to reach this new peak within the next month. This uptrend is indicated in the Ichimoku Cloud, which shows bullish signals and is located below the candlesticks. The Ichimoku Cloud is a detailed technical analysis tool that helps define support and resistance levels, identify trend directions, and measure momentum.
If the $1.33 resistance level is breached, BGB could move very close to a new all-time high. However, if this attempt fails, Bitget Token may undergo a correction. Investors could decide to book profits, sending BGB down to $1.24.
In other news, Bitget announced a strategic partnership with Anboto Labs earlier this month. This partnership aims to improve the trading experience of crypto investors by integrating Anboto’s trading tools into Bitget’s platform.
Introducing the $BWB @BitgetWallet token sale #Bitget Launch pad!
To connect $BGB And $USDT to confiscate part of 10,000,000 BWB!
➡️ https://t.co/kZIzfIQ9I4#BitgetLaunchpad #BWBcarnival
— Bitget (@bitgetglobal) May 29, 2024
Bitget is hosting an exclusive trading competition with Anboto Labs to celebrate the partnership. Participants can win an iPhone 15 and a share of a $100,000 bonus pool. The competition runs from May 14 to June 14 and offers traders an attractive opportunity to showcase their skills and earn rewards.
2. DOG•GO•TO•THE•MOON (DOG)
The price of DOG•GO•TO•THE•MOON has soared lately, driven by a new wave of interest in meme coins. Over the past 48 hours, the meme coin market has grown by 3% and has reached a market capitalization of approximately $66 billion.
Just 24 hours ago, DOG hit a new all-time high of $0.006218, pushing its market cap to $600 million for the first time. As of now, the price has further increased by 31.04% to $0.007355.
Built on Bitcoin’s Runes protocol, this token seeks to leverage BTC’s popularity to attract more investors. Throughout the month of May, the price of DOG•GO•TO•THE•MOON has been steadily rising, reaching new highs each week. Over the past three days, the token saw a significant increase, reaching and surpassing the all-time high of $0.006218.
The price changes within this range created a bullish pennant, indicating that the bulls want to increase the price. The daily technical indicators for DOG also appear positive. The price is currently above the 50 and 200 simple moving averages (SMAs). This supports the uptrend and strengthens the overall bullish sentiment in the market.
If this uptrend continues, DOG price could surpass USD 0.004527. This continued rise suggests that the price could soon reach a new high of $0.5, which would mark a significant recovery in market value.
3. Arkham (ARKM)
Arkham is a blockchain analytics platform that uses artificial intelligence (AI) to reveal the identities behind blockchain and on-chain data. It has two main features: the Analytics Platform and Intel Exchange. The Analytics Platform provides analytics on various entities, exchanges, funds, whales and tokens. The Intel Exchange allows users to buy and sell address labels and other information through bounties, auctions, or the DATA program.
Today, ARKM’s price is $2.56, reflecting an increase of 7.65% in the last 24 hours. The 14-day Relative Strength Index (RSI) stands at 59.20. This suggests that the cryptocurrency is currently neutral and could trade sideways. However, ARKM price forecast sentiment is bullish with a Fear & Greed Index of 73 (Greed), indicating increased token transactions and growing optimism for an uptrend.
Unlike many platforms that focus on specific blockchains or limited data sources, Arkham aims for comprehensive blockchain coverage. It collects and aggregates data from different chains using its proprietary AI system, ULTRA. This allows users to gain insights from a complete view of the crypto ecosystem.
Exchange reserves overview: Bybit
Bybit’s holdings in Arkham recently surpassed $12 billion, near an all-time high.
This is ~3x their previous cycle peak of $4.4 billion in 2021.
This makes Bybit the sixth largest global exchange in terms of labeled on-chain reserves.
To see top positions and… pic.twitter.com/0i1zR3xAAT
— Arkham (@ArkhamIntel) May 29, 2024
With solid foundations and support from a dedicated crypto community, ARKM has the potential for significant growth. If the current bullish trend in the crypto market continues, ARKM Coin could be one of the next cryptocurrencies to explode.
4. PlayDoge (PLAY)
PlayDoge is a new Doge meme coin that quickly turned heads by raising $200,000 just minutes after pre-sales began. Doge meme coins are popular in the crypto world, and the play-to-earn (P2E) GameFi sector is also booming. These trends suggest that PlayDoge combines elements of both and is well positioned to attract crypto enthusiasts looking for the next big thing like Floki Inu.
Additionally, PlayDoge’s native token, $PLAY, works on the BNB Smart Chain. This is beneficial for buyers of $PLAY tokens as it brings the token to the attention of the Binance listing team as BNB Smart Chain is Binance’s blockchain.
PlayDoge is a mobile game that turns the famous Doge meme into a Tamagotchi-style virtual pet, allowing players to earn $PLAY tokens. Despite being a meme coin, PlayDoge focuses on gaming utilities, mostly reminiscent of the popular 2D companion games of the 1990s.
PlayDoge embraces the classic 8-bit aesthetic of side-scrolling games and rewards players for taking care of their virtual pet and embarking on adventures. Activities such as feeding, training and ensuring the pet gets enough sleep contribute to the rewards that diligent pet owners earn. Using decentralized crypto networks, PlayDoge creates a real-world monetized gaming economy.
The presale starts with a token price of $0.005, using a price ladder system where previous buyers benefit from lower prices. Half of the total token supply of 9,400,000,000 is available for pre-sale. The costs will be charged within a day $PLAY token will rise to $0.0055. As interest in meme coins remains high, demand for the $PLAY token is expected to increase as more people learn about the presale.
Visit the PlayDoge presale
5.Monero (XMR)
Recent data shows that the price of Monero (XMR) has increased. As of May 30, 2024, Monero is trading at around $143.11, up 0.23% from the day before. While this increase is small, it is notable in a market with unstable cryptocurrencies.
So far this year, Monero’s performance has been mixed. It has not risen as much as other cryptocurrencies, but has not suffered significant losses like others. In 2024, Monero will be approximately 5.11% cheaper than before. In contrast, the global cryptocurrency market has fallen 1.62% in recent days. This suggests that Monero may be going through a period of relative decoupling.
Monero has evolved from a crypto token to a ‘payment instrument’. It offers the most unobtrusive payment method available. When you pay with Monero, your transaction details are not traceable.
We’re happy to announce that MoneroKon 2024 is less than two weeks away!
‘Monero Konferenco (also known as “MoneroKon”) brings together global privacy advocates, cypherpunks and leading scientists to discuss advances in privacy and financial technology. The conference and…
— Monero (XMR) (@monero) May 27, 2024
Monero uses RingCT technology to hide the transaction amount. Your transaction ID remains untraceable because it is not permanently linked to your account or device. Each new transaction generates a unique transaction ID.
Investors interested in a privacy-focused transaction approach see Monero (XMR) as an attractive investment. It is an excellent payment option for journalists, whistleblowers and researchers who need to protect their identities.
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PlayDoge (PLAY) – Latest ICO on BNB Chain
- 2D Virtual Doge Pet
- Play to earn Meme Coin Fusion
- Staking and in-game token rewards
- SolidProof checked – playdoge.io
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