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5 Next Cryptocurrency to Explode – July 2021 Week 4

07/20/2022
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The cryptocurrency market continues to post modest gains. Its total cap has risen by nearly 5% in the past 24 hours, to $1.11 trillion. This represents a 23% jump in the past week, with a big handful of coins posting higher gains than this over the same timeframe. But with some platforms anticipating big upgrades or developments in the coming days and weeks, there could be more spikes to come. As such, here’s our pick of the 5 next cryptocurrency to explode.

5 Next Cryptocurrency to Explode

1. Battle Infinity (IBAT)

Battle Infinity (IBAT) is a new play-to-earn games platform, running on Binance Smart Chain. Its presale began last week, making IBAT available at price of $0.0015. This sale is due to end in 82 days, and has raised 850 BNB (about $200,000) within only five days.

With most of its team based in India, Battle Infinity is developing a sports-themed metaverse enabling users to participate in a selection of games. Chief among these is the IBAT Premier League, which lets players build their own fantasy sports team, made up of NFTs representing real-life athletes. They win points — and IBAT tokens — based on how well their players perform.

Battle Infinity also plans to include other games in the future, as well as competitive staking, its own DEX and an NFT marketplace. This all looks very promising, which is why IBAT remains one of our 5 next cryptocurrency to explode.

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2. Ethereum (ETH)

ETH is flat today, at $1,534, but has surged by 47% in the past week. It’s also up by 36% in a week.

Ethereum (ETH) price chart - 5 next cryptocurrency to explode.

ETH’s indicators are climbing fast, suggesting that a rally or more bullish phase is underway. Its relative strength index (in purple) has neared 70, which shows good momentum without traders overbuying the coin. Likewise, the 30-day moving average (in red) has begun rising towards the 200-day average (in blue), possibly en route to overtaking it.

No prizes for guessing what’s driving ETH’s rally: the impending Merge. This is Ethereum’s shift to a proof-of-stake consensus mechanism, with developer Tim Beiko recently suggesting September 19th as the likely date for launch.

The setting of a provisional date for the Merge has turned ETH investors bullish. After a very long wait, it now seems that Ethereum will be leaving behind proof-of-work soon. With its shift to PoS, it will gradually become more efficient and more scalable, something which will help it cement its position as the dominant layer-one blockchain.

On top of this, the introduction of staking will increase demand for the altcoin, and with 10% of ETH’s supply already staked on the PoS Beacon Chain, the cryptocurrency could become deflationary. These are all highly bullish factors in favour of including ETH in our list of the 5 best cryptocurrency to buy for the weekend rally.

3. Cardano (ADA)

ADA is up by 9% in the last 24 hours. At $0.526, it’s also up by 25% in a week and by 8% in the last 30 days.

Cardano (ADA) price chart - 5 next cryptocurrency to explode.

ADA’s RSI is rising steeply, from under 40 a week ago to just over 60 today. This signals good momentum, while it’s also far from an overbought range. The same goes for its 30-day moving average, which has just begun climbing towards its 200-day.

ADA remains a coin that still has plenty of ground left to recover. It’s 83% down from its all-time high of $3.09 (from September 2021), which indicates a bottom. At the same time, Cardano’s fundamentals are strong. In particular, it has witnessed a marked increase in transaction volumes and usage in recent weeks. It now records 24-hour transaction volume in the region of $8 billion – $10 billion, making it busier than Ethereum. It has also issued 5.57 million NFTs, while the number of dapps building on its network is well over 1,000.

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It’s also worth pointing out that Cardano’s total value locked in is up to $136 million. This signals good growth, given that it stood at $1 million at the start of the year. And it’s likely that it will continue growing steadily, which is why ADA is one of our 5 next cryptocurrency to explode.

4. Lucky Block (LBLOCK)

At $0.00095417, LBLOCK is down slightly (0.8%) in the past day. However, it has risen by 15% in a week, and by 8% in a fortnight.

Lucky Block (LBLOCK) price chart - 5 best low price cryptocurrency.

LBLOCK remains 120% up from its price at launch in late January, but 90% down from its all-time high on February 17. This latter fact can be viewed bullishly, suggesting that the young altcoin has lots of space to mount a big recovery.

What will help such a recovery is the fact Lucky Block has begun confirming new exchange listings. This includes a listing from MEXC Global, a Singapore-based international exchange that will begin LBLOCK trading from August 1st. This will provide the coin’s market with greater liquidity and demand, boosting its price.

Lucky Block is also launching an ERC-20 version of the LBLOCK coin, which should pave the way for even more exchange listings. In fact, LBANK Exchange has also confirmed that it will be listing this second version of the altcoin. Taken with other likely listings in the near future, we expect to see LBLOCK’s market expand significantly in the coming months.

Turning to its fundamentals, Lucky Block began holding regular prize draws at the end of May, awarding $1 million to two winners. This will help it accumulate users and holders, who in turn should help spread the word further, increasing its organic growth.

5. Polygon (MATIC)

At $0.912746, MATIC has inched up by a modest 1.5% in the past 24 hours. That said, it has risen by a staggering 68% in the past week, and by 138% in the last 30 days.

Polygon (MATIC) 5 next cryptocurrency to explode.

MATIC’s momentum remains fierce. Its RSI remains above 70, while its 30-day average is climbing quickly towards its 200-day. It’s likely that its rally will last as long as it takes the 30-day to climb well above the 200-day.

MATIC’s ongoing rally is largely related upgrades to layer-two scaling solution Polygon. In particular, the Polygon team are gearing up to make a big reveal later today. This involves its deployment of zero-knowledge proofs on its network, something which will speed up Ethereum-based transactions and make them more secure.

If that weren’t enough Polygon, has been developing in other ways. For instance, it also recently launched PolygonID, which an identity verification solution that uses zero-knowledge proofs to confirm ID without violating privacy.

More generally, Polygon has seen growing usage and launches, with the layer-two scaling solution being the sixth-biggest platform in crypto in terms of total value locked. This is why it’s rallying now, and why it’s likely to continue rallying for a while yet.

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Source: https://insidebitcoins.com/news/5-next-cryptocurrency-to-explode-july-2021-week-4-2