Markets
Crypto Market Summer Games – Be sure to invest in these Altcoins early
Cryptocurrencies are in a good position right now, with many of the top altcoins seeing some solid price rallies in recent days at the beginning of June.
Most importantly, BTC is just a few hundred dollars away from breaking the $70,000 resistance and Ethereum is firmly holding its position at $3,800.
All of this shows that we could have a big summer rally in the coming weeks. If you want to profit from this rally, the tokens you should check out are PlayDoge ($PLAY), Sealana ($SEAL), WienerAI ($WAI), Mega Dice Token ($DICE), 99Bitcoins ($99BTC) and Sponge V2 ( $SPONGE). For more information on the following crypto presales, please visit bestcryptopresales.net.
Let’s look at the details.
7 Best Summer Crypto Altcoins to Buy in June 2024 – Quick Review
First, we will do a quick overview of the tokens we will analyze.
- PlayDoge ($PLAY)– Meme-based P2E game built on Binance Smart Chain inspired by Tamagotchi
- Selana ($SEAL)– Entertainment-oriented Meme coin based on iconic character from a US TV show
- WienerAI ($WAI)– Exclusive Meme Coin with robust trading robot based on AI technology
- Mega Data Token ($DICE)– Popular P2E-based crypto gaming platform with numerous advantages for early adopters
- 99 Bitcoins ($99 BTC)– Leading Learn2Earn pre-sales platform with huge profit potential and a comprehensive library of educational resources
- Sponge V2 ($SPONGE)– $SPONGE Token Updated Through New P2E Gaming and Stake-to-Bridge Functionality
- Shiba shooting ($SHIBASHOOT) – Western-themed P2E game with a unique storyline
7 Best Summer Crypto Altcoins to Buy in June 2024 – Detailed Analysis
Now, let’s get into the details of each specific project and see what they bring to the table.
PlayDoge ($PLAY) – Meme-based P2E game built on Binance Smart Chain inspired by Tamagotchi
PlayDoge ($PLAY) is a new mobile and cryptocurrency game launching in May 2024. It combines the fun of Doge memes with a play-to-earn (P2E) gaming model built on the Binance Smart Chain.
In the game, players adopt and care for virtual Doge pet characters, just like in the old Tamagotchi games. The main gameplay involves feeding your pet Doge, training him, and having him compete in minigames to earn $PLAY tokens.
One of the big advantages of PlayDoge is the opportunity to earn decent rewards just by playing. Players can accumulate $PLAY tokens through regular in-game activities and competitions. Additionally, top players receive bonus tokens and exclusive rewards. PlayDoge has a total token supply of 9.4 billion, with 50% issued for the initial pre-sale and 6% reserved for staking rewards over 3 years.
The project has already raised around US$1.7 million in its pre-sale in just the first few days of the ICO launch.
PlayDoge allows you to earn crypto while playing a fun dog game Doge on your mobile phone. The large rewards and staking returns are aimed at attracting meme coin fans and P2E players.
Sealana ($SEAL) – Entertainment-oriented meme coin based on iconic US TV show character
Selana ($SEAL) is a new meme coin project built on the Solana blockchain that has attracted attention with its quirky mascot – a chubby character obsessed with crypto trading.
This stamp, based on the “Gamer Guy” from South Park, injects a humorous element and represents the stereotypical meme coin enthusiast.
Sealana’s pre-sale has been extremely successful so far, raising over $3 million in funding. Investors can participate by sending SOL (Solana native tokens) to a designated wallet and receive 6,900 $SEAL tokens for each SOL contributed.
By leveraging the rapid growth of the Solana ecosystem, Sealana benefits from the platform’s high transaction throughput and low transaction fees, making it an attractive choice for launching meme coin projects.
After the pre-sale is complete, Sealana plans to list its $SEAL tokens on decentralized exchanges such as Raydium and Jupiter, providing liquidity and trading opportunities for token holders. Additionally, future listings on centralized exchanges are also in preparation.
WienerAI ($WAI) – Unique Meme Coin with Robust Trading Robot Based on AI Technology
WienerAI ($WAI) is a unique meme coin project that recently launched on the Ethereum blockchain.
What sets it apart from other meme coins is the integration of AI-driven features, particularly an AI trading bot designed to increase the coin’s utility. Maintaining a light-hearted, dog-themed concept, WienerAI aims to offer more than just humor to its investors.
The project’s pre-sale was met with significant interest, raising an impressive $4.2 million in just a few weeks. One of the main attractions for investors is the generous staking rewards structure, designed to encourage early adoption and increase the currency’s market presence.
To encourage the use of Ethereum and USDT to acquire $WAI tokens, the project has implemented a policy where tokens purchased with BNB (Binance’s native token) are excluded from receiving staking rewards.
WienerAI’s tokenomics has been carefully planned, with a total supply of 69 billion tokens. The token distribution is as follows: 30% allocated for pre-sale, 20% for staking rewards, and another 20% reserved for rewards and community initiatives.
Mega Dice Token ($DICE) – Popular P2E-based crypto gaming platform with numerous advantages for early adopters
Mega Data Token ($DICE) serves as the main cryptocurrency powering the Mega Dice Casino platform, an innovative project that integrates cryptocurrency and online gambling through its GameFi solutions.
Built on the highly scalable Solana blockchain, $DICE fulfills multiple functions within the Mega Dice ecosystem, granting users access to premium content, enabling participation in community governance, and providing opportunities to earn rewards.
Currently in the presale phase, the $DICE token has already gained significant traction, raising an impressive $1.3 million in funding. Holders who choose to stake their $DICE tokens can earn daily rewards directly tied to the casino’s performance, allowing them to share in the platform’s success. For the best gaming experience, visit cryptocasinos.ltd.
Additionally, select token holders and active players have the opportunity to receive limited edition NFTs, which unlock special privileges and perks within the Mega Dice Casino ecosystem.
The token incorporates a robust referral program, offering a 25% revenue share incentive to participants who introduce new users to the platform.
Established as the first licensed Telegram casino, Mega Dice Casino also offers a wide range of casino games and sports betting options.
99Bitcoins ($99BTC) – Leading Learn2Earn presale platform with huge profit potential and a comprehensive library of educational resources
99 Bitcoins ($99 BTC) is a new cryptocurrency created by the popular platform 99Bitcoins, known for its educational content about Bitcoin and crypto markets.
The token supports the platform’s innovative “Learn to Earn” (L2E) model, where users earn $99 BTC by completing educational courses and cryptocurrency quizzes.
The $99 BTC token is currently in the pre-sale phase with a pricing structure that increases as more tokens are sold. So far, the pre-sale has raised more than $1.9 million from investors.
As 99Bitcoins continues to develop its platform, it plans to add more interactive learning modules, tutorials, and crypto trading signals to keep users engaged and learning.
The token encourages users to expand their crypto knowledge by rewarding them with tokens for completing educational content. It aligns with 99Bitcoins’ mission to provide quality crypto education in an innovative way.
Sponge V2 ($SPONGE) – Updated $SPONGE Token via New P2E Game and Stake-to-Bridge Functionality
Sponge V2 is a highly anticipated update to the popular meme coin $SPONGE, which previously saw an incredible 100x price increase. This new version aims to build on the success of the original while introducing exciting new features and mechanisms to further drive growth and adoption.
One of the key innovations of Sponge V2 is the Stake-to-Bridge system, which provides a seamless transition path for holders of the original $SPONGE token. Through this process, users can stake their V1 tokens, which are then locked and converted into new V2 tokens.
This mechanism is designed to reinforce the value of the token and promote long-term commitment from holders, with rewards to be distributed over the next four years.
In addition to the Stake-to-Bridge feature, Sponge V2 is integrating a Play-to-Earn (P2E) gaming element, allowing participants to earn $SPONGEV2 tokens through interactive play. This innovative approach not only increases the utility of the token but also improves user engagement and retention.
With an already solid community base of over 30,000 members and over 11,500 token holders, Sponge V2 is well positioned to leverage this base and drive broader market penetration. The team is actively seeking listings on major cryptocurrency exchanges such as Binance and OKX, which would provide greater exposure and liquidity for the token.
Shiba Shootout ($SHIBASHOOT) – Western-themed P2E game with a unique storyline
Shiba Shootout is a Wild West-themed meme coin that revolves around Shiba Sharpshooter characters and an engaging storyline.
The $SHIBASHOOT ERC-20 token powers the ecosystem, enabling referral rewards, community engagement through Campfire Stories, and gamified airdrops through Lucky Lasso Lotteries.
With a total supply of 2.2 billion tokens, 35% are allocated for presale, while the remainder supports Savings Saddlebags and Cactus staking for long-term gains.
Conclusion
As the market prepares for a potential new summer bull run, analysts are recommending a selection of tokens to consider adding to your portfolio.
These include PlayDoge ($PLAY), Sealana ($SEAL), WienerAI ($WAI), Mega Dice Token ($DICE), 99Bitcoins ($99BTC), and Sponge V2 ($SPONGE).
Currently in the pre-sale phase, these tokens offer substantial discounts, presenting an opportunity for significant gains when listed on exchanges.
However, with each pre-sale stage selling out quickly due to high demand, it is crucial to act quickly and secure your position early to capitalize on this bull run!
This week saw $722 million worth of Bitcoin spot ETF inflows, including the largest daily inflow in a month.
Cryptocurrency markets rallied on Wednesday, driven by inflows into spot Bitcoin exchange-traded funds (ETFs).
The price of Bitcoin (BTC) is up 3% over the past 24 hours to last change hands at $65,200, according to CoinGecko. Ethereum (ETH) is up 2% and is trading at $3,471. Solana (SUN) and Polkadot (POINT) increased by 4%.
Bitcoin spot ETFs saw $422 million in daily inflows on Tuesday, the highest in the past 30 days, according to Far side data, . The all-time record for a single day was $1.05 billion on March 12.
Among Tuesday’s top contributors, BlackRock’s IBIT led with $260 million in inflows, followed by Fidelity’s FBTC with $61 million. This week has already seen more than $722 million in inflows.
Among the top 100 cryptocurrencies by market cap, Worldcoin (WLD) led with a 28% increase, followed by Helium (HNT) with 20% and Lido DAO (LDO) with 15%.
Worldcoin, a decentralized identity project led by OpenAI CEO Sam Altman, announced is extending the lockups for early investors and team members. This means that tokens will be gradually released through 2029, instead of the original 2027 plan. Token unlocks are generally seen as a negative because they increase supply and early investors can sell their tokens for profit.
Meanwhile, XRP, the token of the XRP Ledger network, jumped 8% after the CME and CF benchmarks introduced new indices and reference rates for XRP.
U.S. stocks faced a downturn on Wednesday. The S&P 500 fell 1%, while the Nasdaq Composite and Dow Jones Industrial Average both fell 2%.
Markets
Altcoins on the cusp of a major breakout – WLD, AR, and INJ prices could surge by 20% in the coming days
Crypto markets appear to have been taken over by the bulls as major tokens have surged above their crucial resistance zone. Bitcoin surged above $65,000 while Ethereum was above $3,500, and XRP, which had remained passive for quite some time, surged over 40% in the past few days to hit $0.6. The uptrend has been captured in most altcoins, with Worldcoin (WLD), Arweave (AR), and Injective (INJ) leading the rally. Here’s what to expect for these tokens in the coming days.
Worldcoin (WLD) Price Analysis
O Worldcoin Price has been trading inside a descending wedge since it marked a new ATH near $12 in the final days of Q1 2024. The recent price action helped the price break out of the upper resistance of the wedge, breaking above the crucial resistance zone between $2.21 and $2.39. Market sentiments have changed, but technicals suggest that the bulls may remain passive for a while, which could offer some room for a bearish pullback.
The price broke out of the wedge with a significant increase in volume, but the current volume suggests that the bulls have taken a step back. Meanwhile, the RSI is about to reach the upper boundary, which could attract bearish forces. Additionally, the DMI has undergone a bullish crossover, but the decline in the ADX suggests that the rally may remain consolidated above the gains. Therefore, the WLD price is expected to maintain a horizontal consolidation between $3 and $3.3 and trigger a fresh rally to $4.4 during the next bullish rally.
Arweave (AR) Price Analysis
Arweave formed a strong base around $25, which helped the rally trigger a recovery during the bearish attack. Mt. Gox and German terror forced the price to fall below $20. However, the recent price action has brought the altcoin within the bullish range and raised expectations of maintaining a decent uptrend for a few more days.
AR price has hit one of the major resistances around $30 to $31.5, which could act as a strong base once overcome. The buying volume is slowly increasing, which could keep the bullish hopes for the rally high. Moreover, the supertrend has just flashed a buy signal, indicating a clean reversal of the trend. Therefore, AR price seems primed to maintain a healthy uptrend and rally above $40. However, if the bulls maintain a similar trend, making new highs above $50 may not be a tedious task for the bulls.
Price Analysis of Injective (INJ)
Injective price has been showing sharp strength since the beginning of the year and hence, the recent turnaround is expected to revive a good uptrend going forward. The bears engulfed the rally to a large extent, but the recent price action suggests that the bulls have regained their dominance. Therefore, INJ price is expected to maintain a strong uptrend with a bearish interference on the way down.
INJ price has surged above the lower support zone and has registered consecutive bullish candles. Although the volume is below the required levels, the OBV is maintaining a sharp uptrend. Furthermore, the Ichimoku cloud lead span B is heading towards the lead span A and a healthy crossover indicates the start of a new uptrend. However, INJ price may be out of the bears’ reach once it secures the resistance zone between $30.77 and $32.12, which seems to be on the horizon.
Ethereum (ETH) supply on exchanges has hit a 34-month high as the asset’s price surpassed the $3,500 mark.
ETH has risen 2.3% over the past 24 hours and is trading at $3,490 at the time of writing. The second-largest cryptocurrency — with a market cap of $419 billion — briefly touched an intraday high of $3,517 earlier today.
ETH Price, Whale Activity, RSI, and Exchange Supply – July 17 | Source: Santiment
Ethereum’s daily trading volume also increased by 7.6% to reach $19.8 billion.
According to data provided by Santiment, the supply of Ethereum on exchanges has reached $19.52 million ETH. This level was last seen in September 2021, when the asset was trading around the same price.
On the other hand, data from the market intelligence platform shows that the number of whale transactions has fallen by 12% in the last day — falling from 8,730 to 7,629 unique transactions per day.
The move shows that the supply of Ethereum on exchanges has been increasing with small deposits rather than large transactions from whales.
Additionally, the ETH Relative Strength Index (RSI) is currently hovering at the 60-mark, per Santiment. The indicator shows that Ethereum is slightly overbought at this price point, but it may not be in a critical position due to its large market cap.
One of the main drivers of Ethereum price increase is ETH spot expectations ETFs in the US Investment products are scheduled to start trading on July 23rd.
Markets
Bits + Beeps: How to Play the ‘Trump Trade’ in Cryptocurrencies After the Assassination Attempt
Also, how much will the Fed cut rates (and when)? What will be the inflows into ETH ETFs? And what is the near future for Bitcoin?
Posted on July 17, 2024 at 12:00 PM EST.
Listen to the episode at Apple Podcasts, Spotify, Capsules, Source, Podcast Addict, Pocket molds, Amazon Musicor on your favorite podcast platform.
In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger and Joe McCann, joined by guest Jack Platts, dive into the market reaction to the recent assassination attempt on former President Donald Trump, analyzing how this event will influence the 2024 US presidential election and the cryptocurrency markets.
They also cover potential rate cuts: Could there be a cut in July? How big could the September rate cut be? Could the decision be influenced by the upcoming election?
They also give their predictions on what percentage of BTC ETF inflows the ETH ETFs will reach, and James talks about what he expects for Grayscale’s ETHE (hint: his outlook would be positive for ETH).
Finally, they delve into what’s next for Bitcoin as the German government runs out of BTC and Mt. Gox distributions begin. Just now?
Program Highlights:
- Whether Trump’s shooting decided the election and whether the event caused a “flight to safety”
- How election markets are becoming a place to watch election probabilities and whether cryptocurrencies “lean right”
- Whether rate cuts will occur in July or September and by how much they will cut: 25 bps or 50 bps
- How Joe sees the relationship between global liquidity cycles, rate cuts, and the potential rise of Bitcoin
- What are the new updates about Ethereum ETFs and their expected launch?
- Why Solana Hasn’t Performed Significantly Better Since Trump News
- What Market Breadth Indicates About the Current Market Rally and the Impact of Rates on Small Caps
- Everyone’s predictions on ETH ETF inflows and how much outflow we’ll see on Grayscale’s ETHE
- What’s Next for BTC After German Government Exits Bitcoin and Mt. Gox Giveaways Starting This Week
Hosts:
Guest:
- Jack PlattsCo-Founder and Managing Partner of Hypersphere Ventures
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Inside the Banana Zone: The Cryptocurrency Trend Everyone’s Talking About – Raoul Pal
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“Many Bitcoin Investors Will Be Multimillionaires Before 2030” – Michael Saylor
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“You Only Need 0.02 BTC to Retire Forever – Here’s Why” – Willy Woo
Inside the Banana Zone: The Cryptocurrency Trend Everyone’s Talking About – Raoul Pal
DIGITAL BLOCK! You Live in a Virtual Prison Without Knowing It: The 2025 WARNING by Whitney Webb
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