Top 5 Altcoins That Could Explode Higher This Month

Cryptocurrency prices have been on the rise lately, and the overall feeling in the market is favorable. Recently, Bitcoin (BTC) has been hovering around $60K, and Ethereum (ETH) is striving to approach $3,000, creating mixed sentiments among investors.

Cryptocurrency prices have been on the rise lately, and the overall feeling in the market is favorable. Recently, Bitcoin (BTC) has been hovering around $60K, and Ethereum (ETH) is striving to approach $3,000, creating mixed sentiments among investors.

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 coins with some potential and inform investors and traders about each token. 

Next Cryptocurrency To Explode

Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Base Dawgz, one of the newest memecoin launches on the Base Network. It features a distinctive multi-chain experience with smooth interoperability across various blockchains. The details of its presale and the performance of the top-performing cryptos today are shared below.

1. Beam (BEAM)

Beam is a blockchain tailored for gaming, making game development easier and improving player experiences. It uses the BEAM token, supported by the Merit Circle DAO. With tools like the Beam SDK, developers can easily integrate Beam into various applications.

Over the past year, BEAM’s price surged by more than 187.45%, moving from the lower to the higher border. However, it hit resistance at the higher border, aligning with the 50-day EMA band. According to CoinMarketCap, BEAM’s market value rose 11.07%, while its trading volume increased by 143.70% in the last 24 hours. BEAM has a market value of $699.291 million and a trading volume of $23.414 million, making it the 82nd largest cryptocurrency by market cap, with a high liquidity ratio of 0.0335.

Excited to have another studio joining the @BuildOnBeam family!

They're bringing two games to the Beam network, excited to see it come to fruition ? https://t.co/HOkPvPV8KR

— Merit Circle (@MeritCircle_IO) August 9, 2024

At press time, BEAM traded at $0.01414, showing a slight downtrend with a 3.92% decline over the past month. The daily chart reflected this downward movement, which displayed consistent lower lows, indicating a strong bearish trend. However, this trend might be ending as recent weekly and daily charts show small but steady gains.

If BEAM’s price sees a resurgence, it could face higher-level resistance, potentially causing a pullback to previous lows. However, if market momentum and investor sentiment improve, BEAM could reach $0.05. With future upgrades and advancements in the Beam ecosystem, BEAM might surpass its current all-time high of $0.03014 and set a new record.

2. Pyth Network (PYTH)

Pyth Network is a blockchain-based oracle that provides real-time data feeds for decentralized applications (dApps). Its primary focus is delivering high-quality market data, essential for various applications across multiple blockchains. However, despite its innovative approach, Pyth has seen a decline in market interest, leading to a significant price drop of around 75-79% from its recent highs.

This downturn, however, is a prime opportunity. Pyth is currently trading at approximately $0.30, which seems undervalued given the project’s potential, especially with its integration across more than 70 blockchains. Pyth Network aims to be the leading platform for futures trading on blockchain networks. Recently, the native token, PYTH, saw a 6.60% increase in the past week, bringing its value up to $0.3017.

In addition, Pyth has surpassed $600 billion in cumulative trading volume. With this organic growth, the trading volume is expected to rise significantly. Current indicators like the RSI and MACD suggest cautious optimism. However, a consistent upward trend could push PYTH past its resistance, making it a token to watch in the upcoming altcoin season.

“With Pyth’s pull oracle and decentralized price feeds, scam wicks seen on other platforms are eliminated and enable FUNDED to offer a transparent and trustworthy trading experience to its users.”

FUNDED, by @foxifytrade, is a fully decentralized application enabling users to…

— Pyth Network ? (@PythNetwork) August 9, 2024

이전에 Pyth Network는 강세장 초기에 상당한 가치를 얻었습니다. 최고조에 달했을 때 PYTH의 가치는 1달러 이상이었습니다. 분석가들은 토큰이 다음과 같은 경우 곧 이 가치를 회복할 수 있다고 믿습니다

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