Next Cryptocurrency to Explode Monday, June 17 — Convex Finance, Core, JasmyCoin, Curve DAO Token

The
altcoin
market
looks
bullish
as
some
coins
try
to
bounce
back.
Investors
need
to
stay
alert
during
this
consolidation
phase,
as
it
could
be
a
chance
to
ride
a
rising
trend.

Institutional
investors
are
now
paying
more
attention
to
interoperability
and
tokenizing
real-world
assets.
Prices
of
these
assets
are
climbing,
even
before
the
market
takes
off
entirely.
The
objective
is
to
identify
the


next
cryptocurrencies
to
explode

and
inform
investors
and
traders
about
each
token.

Next
Cryptocurrency
To
Explode

Attention
in
the
crypto
market
in
the
coming
month
will
go
toward
the
altcoin
and
meme
coin
sectors
and
making
the
most
of
the
altcoin
market.
Hence,
investors
can
capitalize
on
the
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
gaming
economy
with
real
monetizable
value.
This
post
covers
the
details
of
its
presale.

1.
Convex
Finance
(CVX)

Convex
Finance
is
a
DeFi
protocol
enabling
Curve
liquidity
providers
to
earn
a
share
of
trading
fees
on
Curve
without
directly
staking
their
liquidity
there.
LPs
can
stake
with
Convex
and
receive
enhanced
CRV
and
liquidity
mining
rewards.
As
noted
by
the
project
team,
this
process
offers
CRV
stakers
better
capital
efficiency.

In
the
past
week,
Convex
Finance
(CVX)
experienced
a
price
increase
of
67.04%.
Currently,
CVX’s
total
market
cap
is
about
$377.96
million.
Over
the
last
24
hours,
the
price
surged
by
63%,
reaching
$3.65
at
04:00
a.m.
EST.
Trading
volume
soared
by
1,336%
during
this
period
to
$177
million.
The
price
rose
further
to
$3.92
at
press
time,
with
trading
volume
increasing
to
$209.38
million.

Convex
Finance’s
price
declined
after
reaching
the
$5
resistance
zone
in
March,
with
bulls
pulling
back
to
the
$2.12
support
zone,
as
per
GeckoTerminal
data.
The
price
has
been
oscillating
within
this
range,
with
bulls
and
bears
vying
for
control
during
this
consolidation
phase.

Currently,
the
CVX
price
is
trading
well
above
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
breaking
through
resistance
levels
at
$2.57
and
$3.37,
respectively.
The
Relative
Strength
Index
(RSI)
on
the
1-day
chart
is
around
71,
indicating
intense
buying
pressure.

How
do
you
want
your
fees?
I
know
we
like

$crvUSD.
Make
sure
to
vote
on
this
proposal
that
transitions

@CurveFinance
DAO
fees
from
3crv
–>
crvUSD!https://t.co/rOsKL9r0lu

—
Convex
Finance
(@ConvexFinance)

June
12,
2024

The
bulls
have
emerged
victorious
in
the
consolidation
phase,
pushing
the
token
beyond
the
channel
as
they
strive
to
maintain
the
upward
momentum.
Critical
technical
indicators
suggest
optimistic
investors
are
capitalizing
on
this
trend,
with
both
the
MACD
and
RSI
indicating
overbought
conditions. 

Additionally,
investors
seeking
diversification
might
consider
$PLAY,
a
new
Doge
meme
coin
that
leverages
play-to-earn
technology
to
create
a
gaming
economy
with
real
monetizable
value.

2.
PlayDoge
(PLAY) 

Even
though
the
meme
coin
market
is
experiencing
a
downturn,


PlayDoge’s
presale

is
performing
well,
having
already
reached
its
$4.4
million
goal.
Several
factors
have
driven
this
strong
start.
One
key
reason
is
the
anticipated
rise
in
meme
coin
popularity,
especially
for
doge-themed
coins.

The
primary
appeal
of
PlayDoge
lies
in
its
unique
combination
of
doge-themed
memes
and
a
play-to-earn
(P2E)
feature.
This
project
offers
real
utility
by
blending
these
two
elements.
With
the
PlayDoge
P2E
game,
users
can
have
fun
while
earning
cryptocurrency.

Inspired
by
the
popular
Tamagotchi
game
from
the
90s,
PlayDoge
adds
a
modern
twist
that
rewards
users
financially.
Players
must
care
for
their
virtual
pets
and
go
on
P2E
adventures
to
earn
crypto
rewards.

PlayDoge
offers
more
than
just
pet
care;
it
includes
nostalgic
mini-games
inspired
by
classic
8-bit
2D
side-scrollers.
Interacting
with
pets
and
playing
these
mini-games
allows
users
to
climb
the
leaderboard
and
earn
$PLAY
tokens.
These
tokens
can
be
used
both
as
in-game
currency
and
as
tradeable
assets.

New
High
Score
✅

We’ve
just
blasted
through
$4.5M
in
the

$PLAY

#Presale!
????

Get
your
hands
on
some

$PLAY
at
this
price
while
you
can.
????

The
next
price
increase
is
coming
very
soon!⏳????

BUY
NOW
–
Link
in
Bio!#PlayDoge

#MemeCoin

#P2E

#BNB

#ETH

pic.twitter.com/2Xx72kB8kG

—
PlayDoge
(@PlayDogeGame)

June
17,
2024

Players
can
increase
their
earnings
through
staking,
with
current
annual
yields
estimated
at
181%.
Over
103
million
$PLAY
tokens
are
already
locked
up,
and
12%
of
the
total
supply
is
designated
for
staking
rewards.
Additionally,
50%
of
the
tokens
are
available
in
the
ongoing
presale.
The
development
team
has
also
set
aside
tokens
for
liquidity,
community
rewards,
game
development,
and
marketing.
The
presale
uses
a
tiered
pricing
system,
with
less
than
24
hours
remaining
to
buy
at
the
current
price
of
$0.00508.

The
upcoming
release
of
the
PlayDoge
app
is
eagerly
anticipated,
and
the
presale
has
been
very
successful.
The
project
looks
promising,
with


$PLAY
token

holders
eligible
for
staking
rewards
for
at
least
three
years
after
launch.
Developers
may
also
introduce
new
features
and
mini-games
to
keep
players
engaged.

Visit
the
PlayDoge
Pesale.

3.
XRP
(XRP)

XRP
has
seen
significant
price
changes
in
the
last
24
hours.
The
token
remains
above
the
$0.5
support
level,
highlighting
market
volatility.
According
to
CoinMarketCap,
XRP
is
priced
at
$0.511,
showing
a
modest
rise
of
4.19%.

XRP’s
market
capitalization
has
also
increased
to
about
$28.4
billion,
placing
it
seventh
in
market
cap
rankings.
The
24-hour
trading
volume
has
risen
by
51.19%,
reaching
$1.39
billion,
which
indicates
active
trading
despite
the
market’s
instability.

Despite
a
total
outflow
of
$600
million
in
digital
asset
investments,
XRP-focused
investments
have
diverged
from
this
trend.
Over
the
past
seven
days,
these
investments
have
seen
inflows
of
$1.1
million.
This
marks
the
second
week
of
significant
interest
in
XRP-related
financial
products,
showing
a
growing
confidence
among
investors.

Despite
a
challenging
week
for
digital
assets,
XRP
has
become
a
standout.
Since
the
beginning
of
the
year,
total
inflows
into
XRP
investment
products
have
reached
$17
million.
This
amount
surpasses
that
of
competitors
like
Binance
Coin
and
Cardano.

A
weekly
figure
of
$1
million
is
impressive
for
those
monitoring
inflows
into
crypto
investment
products.
This
trend
continues
for
a
second
consecutive
week,
especially
for
an
asset
like
XRP,
suggesting
that
traditional
market
investors
are
preparing
for
significant
movements
in
this
popular
cryptocurrency.

XRP
has
experienced
notable
fluctuations,
suggesting
potential
market
volatility.
XRP
could
surpass
the
$0.5
resistance
level
if
the
bullish
momentum
continues.
Sustained
upward
movement
might
drive
the
price
towards
$0.7
and
reach
$1
during
the
next
bullish
run.
Conversely,
if
bearish
sentiment
prevails,
XRP’s
value
could
stabilize
around
$0.49.

4.
JasmyCoin
(JASYMY)

JASMY
has
seen
a
significant
price
increase
in
the
past
24
hours.
On
Monday,
the
altcoin
traded
at
$0.03566,
a
4%
rise,
according
to
CoinMarketCap.
This
increase
follows
a
remarkable
143%
surge
in
trading
volume,
bringing
JasmyCoin’s
24-hour
trading
volume
to
about
$243
million.
As
a
result,
the
cryptocurrency’s
market
capitalization
has
risen
to
approximately
$1.76
billion,
placing
it
53rd
in
the
market
cap
rankings.

JasmyCoin
integrates
IoT
and
blockchain
technology
to
give
users
complete
control
over
their
data.
It
connects
service
providers
with
data
users,
ensuring
secure
data
exchange
between
IoT
devices
like
computers,
cars,
and
phones.
The
platform
safeguards
individual
data
sovereignty,
turning
information
into
personal
assets.

Jasmy
is
experiencing
a
notable
value
increase
due
to
rumors
of
a
potential
collaboration
with
Nvidia,
one
of
the
top
three
global
corporations.
These
rumors
started
after
Jasmy
announced
plans
to
develop
AI
infrastructure
in
Japan.
However,
there
is
some
skepticism
since
Nvidia
has
historically
avoided
large
investments
in
the
cryptocurrency
sector.

Exciting
news!
????

A
campaign
has
launched
on

#DeGate,
the
DEX
powered
by
Zero
Knowledge
rollup,
for

#Jasmy
holders!
????

Dive
into
the
details
now????@JanctionMGT

@HARA_JasmyCFO

$Jasmy

@DeGateDex

https://t.co/SLVaaeSjdC

—
Jasmy-MGT
(@JasmyMGT)

June
14,
2024

The
bullish
trend
in
JasmyCoin
suggests
it
might
enter
a
bullish
market
phase.
The
current
upward
trend
indicates
that
JASMY
could
soon
exceed
the
$0.04
resistance
level.
If
this
positive
momentum
continues,
the
price
might
approach
$0.1,
and
it
is
possible
it
could
reach
$1.

However,
JasmyCoin
might
find
initial
support
at
$0.036
if
market
sentiment
turns
negative.
If
the
decline
persists,
the
price
could
drop
to
around
$0.035.
In
a
more
bearish
market,
the
price
could
fall
to
$0.03.

5.
Curve
DAO
Token
(CRV) 

CRV
is
a
decentralized
exchange
for
stablecoins
that
uses
an
automated
market
maker
(AMM)
to
manage
liquidity.
Known
for
its
role
in
the
DeFi
movement,
Curve
has
grown
significantly
since
mid-2020.
The
platform
launched
a
decentralized
autonomous
organization
(DAO)
with
CRV
as
its
native
token,
using
Ethereum-based
Aragon
to
connect
multiple
smart
contracts
for
deposited
liquidity.

On
June
13,
2024,
Curve
Finance’s
CRV
token
experienced
a
significant
30%
price
drop
within
three
hours.
This
drop
led
to
millions
in
CRV
collateral
liquidations
over
the
past
24
hours,
attracting
considerable
attention
from
crypto
investors
and
the
community.

 

In
response
to
the
crisis,
Curve
Finance
is
addressing
the
liquidation
issue
that
impacted
the
CRV
token
market.
After
liquidating
large
loans,
founder
Michael
Egorov
proposed
burning
10%
of
the
total
CRV
supply
to
stabilize
the
token
price,
which
recently
fell
by
almost
30%.

The
launch
of
the
DAO
and
CRV
token
enhanced
profitability.
CRV
is
used
for
governance
and
is
awarded
based
on
liquidity
commitment
and
ownership
duration.
The
DeFi
trading
boom
has
ensured
Curve’s
longevity,
with
AMMs
managing
substantial
liquidity
and
generating
profits
for
users.
The
platform
serves
DeFi
participants
like
yield
farmers
and
liquidity
miners,
who
maximize
returns
by
holding
stablecoins.
Revenue
is
generated
through
modest
fees
paid
to
liquidity
providers.

Inflows
into
veCRV
are
already
6x
the
inflation
of
this
week.
These
include
direct
locks,
as
well
as
locks
via

@ConvexFinance,

@StakeDAOHQ
and

@yearnfi.

This
is
the
highest
weekly
inflow
into
CRV
locking
in
years!

pic.twitter.com/ADlDXWq5Zz

—
Curve
Finance
(@CurveFinance)

June
17,
2024

Regarding
market
performance,
CRV
has
experienced
fluctuations,
with
a
48.63%
decrease
in
price
over
the
past
year.
However,
recent
data
shows
a
promising
4.40%
increase
in
value
over
the
last
24
hours.
Despite
trading
below
the
200-day
SMA,
the
14-day
RSI
indicates
neutral
trading
conditions.
With
47%
of
the
previous
30
trading
days
showing
positive
performance,
Curve
maintains
high
liquidity.

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