Next Cryptocurrency to Explode Friday, July 12 — FTX Token, MANTRA, SingulrityNet, XRP

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. FTX Token (FTT)

FTX is a centralized crypto exchange started by Sam Bankman-Fried in 2019. Major trading firms like Almeda Research, OTPP, Temasek, BlackRock, Coinbase Ventures, and Sequoia Capital support it. By 2022, FTX had over a million registered users and daily trading volumes in the billions.

After FTX collapsed in November 2022, the FTT token’s value plummeted. It dropped from $25.43 in October 2022 to $1.62 in November 2022. Since then, the FTT token has experienced significant fluctuations but remains far from its previous high.

FTX has created a repayment plan to address its financial obligations. This plan involves using a portion of reserved FTT tokens to compensate affected users. The goal is to restore trust and maintain FTX’s reputation as a reliable trading platform. The repayment plan comes after financial discrepancies and aims to correct past mistakes and reassure users.

Experts generally view FTX’s repayment plan as a strong move towards financial responsibility. FTX shows commitment to its users by addressing past issues, which could positively affect FTT’s future. Economic analysts suggest that if FTX manages the repayment process effectively, FTT could see significant growth.

Currently, FTT is priced at $1.30, reflecting an 8.23% increase in the last 24 hours. The market cap has also risen by 12.55%, now at $502,428,205. Despite the bearish price predictions, the Fear & Greed Index is at 71 (Greed), indicating a rise in token transactions and growing optimism for an uptrend.

2. MANTRA (OM)

MANTRA DAO is a DeFi platform managed by its community. It offers various financial services like staking, lending, and governance. This focus on community involvement and strong DeFi solutions has attracted considerable attention. The platform’s growing ecosystem and strategic partnerships highlight its potential for long-term growth.

MANTRA (OM) has been fluctuating between $0.71 and $0.99, showing a battle between bears and bulls. Despite recent declines, the token’s price has surged over 1300% in the past six months. It is stabilizing just below its 10-day Simple Moving Average of $0.97, with the first resistance level at $1.08.

If it breaks this resistance, it could target the next level at $1.34, representing a potential 40% increase from its current range. The Relative Strength Index (RSI) is at 46.22, indicating neutral conditions and potential for upward movement.

Technically, the MANTRA price was above the key 20 and 50-day Exponential Moving Averages at the time of writing. This indicates a positive trend. The price may continue to rise, forming higher lows and higher highs.

There is a potential supply zone at $1.04. A breakthrough above this level could confirm a bullish trend and increase prices. Conversely, if the OM price falls, it may drop back to the $0.70 support level.

3. Mega Dice (DICE)

Mega Dice is a GameFi cryptocurrency project on the Solana network. Recently, it raised over $1.6 million and is close to reaching $2 million. The project combines gaming and cryptocurrency, focusing on gamblers on its platform and holders of the DICE token. The DICE token is currently priced at $0.0866, but this price will rise in the next four days. Potential investors should consider joining before these price changes.

Mega Dice has introduced a Refer & Earn program. This program rewards users for bringing in new participants by offering a percentage of their referrals’ spending. Additionally, the project has launched an aggressive airdrop strategy, distributing $2.25 million over three seasons.

Season 1 focuses on active players who bet at least $5,000 within 21 days, with a large reward pool of $750,000. Season 2 ended on June 28, and Season 3 continues to offer these incentives, adding another $1.5 million for consistent activity until the DICE token is listed on exchanges.

In addition to airdrops, token holders can earn rewards through staking, receiving daily payouts based on the casino’s profits. Mega Dice also provides NFTs for VIP players and offers a 25% referral commission to boost engagement and participation on the platform. Overall, Mega Dice provides an exciting opportunity at the crossroads of gaming and cryptocurrency, with various incentives and reward mechanisms designed to keep users engaged.

Visit the Mega Dice Presale

4. Beldex (BDX)

Beldex is a crypto ecosystem focused on privacy designed to ensure secure and anonymous transactions through various decentralized applications (dApps). It includes privacy-first apps like BChat, BelNet, Beldex Browser, and the Beldex bridge, all of which aim to enhance user confidentiality. Transitioning from Proof-of-Work (PoW) to Proof-of-Stake (PoS) has improved Beldex’s scalability, reduced costs, and sped up transactions.

Beldex’s unique approach addresses privacy and anonymity challenges in the crypto space through its Ring Confidential Transactions (RingCT) protocol, which conceals transaction details. The network uses the CryptoNight hashing algorithm and ring signatures to prevent transaction tracing. Users can run master nodes with a minimum of 10,000 BDX to stake tokens and validate transactions, enhancing network security.

The Beldex bridge supports cross-chain anonymity, and a coin burn mechanism manages inflation. Additionally, the BDX token functions as both a privacy coin and utility token, reinforcing Beldex’s commitment to private, secure data exchange.

BDX experienced a 7.45% increase in the last 24 hours, reflecting good short-term gains. Despite its lower liquidity, with a 0.0034 volume-to-market cap ratio, Beldex stands out with 17 green days in the past month—the highest among listed cryptos. Its 14-day RSI of 65.59 signals neutrality, and a 9% volatility indicates stable price movements.

Trading 20.26% above its 200-day SMA and with a 28% annual decrease, Beldex appears promising for long-term growth. Its higher frequency of positive trading days and low volatility appeal to conservative investors seeking stability over aggressive growth.

5. XRP (XRP)

The price of the popular cryptocurrency XRP is rising today, which is surprising given that most of the market is down. Since the new trading session began, XRP has increased by over 1.3%, reaching $0.46. This price jump has led to speculation about the reasons behind it. One possible reason is the expectations or insider knowledge of the upcoming SEC case decision against Ripple.

Additionally, there are large inflows into investment funds focused on XRP. Since the start of the year, these funds have received over $18 million in capital, even as other sectors are seeing outflows. This trend is similar to last year’s, where XRP ETPs saw steady inflows from March to July 2023.

According to CoinMarketCap, XRP’s market capitalization is $26 billion, ranking it seventh. Coinedition predicts that XRP could reach $0.76 by the end of 2024 and $2.50 by 2030. Meanwhile, well-known crypto analyst Cobb suggests that XRP is on the verge of a significant bullish reversal.

The “1M Origin Cycle Theory” also indicates that XRP is near a major bullish turnaround, suggesting a bright future for the cryptocurrency. Cobb’s analysis breaks down XRP’s market journey into six key stages. The first stage is the All-Time High (ATH), where XRP reached its previous peak. The second stage saw XRP fall to its lowest point during the bear market, challenging many investors’ confidence.

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