The cryptocurrency market is flat today after a couple of days of recovery. At $2 trillion, its total cap is down by 0.5% in the past 24 hours, although it’s up by 9% over the past seven days. Most major coins are in a similar position, although a few alts have enjoyed above-average gains. However, since the market still has a long way to go before regaining the heights of November, more rises are due sooner or later. In light of this, we’ve highlighted 5 next cryptocurrency to explode.
5 Next Cryptocurrency to Explode
1. Lucky Block (LBLOCK)
LBLOCK is up by 8.5% in the past 24 hours, reaching $0.00379942. It remains down by 48% in the past month, but is actually 760% up since launching barely two months ago.
LBLOCK’s chart (covering the past two weeks) shows that it’s currently experiencing a breakout, after falling from its ATH. As of writing, it’s up by 2% in the past hour, so a rally may very much be underway right now.
There are various reasons why LBLOCK appears to be surging again after some losses. Firstly, it launched 10,000 of its own non-fungible tokens over the weekend. These NFTs — which had been delayed the previous week (causing price losses) — will grant holders entry to special NFT-based draws. The fund for each of these is around 2% of the main Lucky Block draw. Also, the first NFT draw also offers holders the opportunity to win a Lamborghini.
Today is the day! ?
Platinum Rollers Club #NFT drop! ?
In just 5 hours we’re starting the #NFT minting party live on our Telegram
Join now and be ready – https://t.co/4MigxHlmDP
Don’t miss your chance to win a #lambo and to get a life-time entry to the NFT #lottery! ? pic.twitter.com/5KKf4nHK7K
— Lucky Block ? (@luckyblockcoin) March 19, 2022
The Lucky Block platform is also set to hold its first ever main draw in April, with all holders of LBLOCK set to share 10% of the draw’s kitty. As part of the buildup to this, it’s in the process of rolling out its official app. Not only that, but it will be launching an Ethereum-based version of its token, thereby opening itself up to more investment and adoption. This is why we think it’s one of the 5 next cryptocurrency to explode.
?Lucky Block V2 #ETH Token and Bridge to V1 Explained ?
Please read to learn more about the upcoming $LBLOCK ERC20 ⬇️
— Lucky Block ? (@luckyblockcoin) March 14, 2022
2. Loopring (LRC)
LRC is the big winner today as far as the top 100 coins (by market cap) are concerned. It’s up by 19.5% in the past hour, as well as by 40% in the past day. On top of this, it’s up by 72% in the last seven days and by 58% in the last 14.
LRC’s indicator are (not literally) off the charts right now. Its relative strength index (in purple above) has reached 90, indicating some seriously overheating momentum. Its 30-day moving average (in red) has risen comfortably above its 200-day average (in blue). This signals a breakout.
So what’s happening? Well, layer-two scaling solution Loopring has just launched the beta of the long-awaited GameStop NFT marketplace. The full version of the marketplace will launch soon afterwards, offering users the chance to buy non-fungible tokens representing digital goods and properties.
The future of #NFTs are here + they’re powered by #Ethereum‘s second layer?
Loopring L2 x @GameStop
Power to the players.
Power to the creators
Power to the collectors.#L222?https://t.co/0gdvKLivfp— Loopring??☠️ (@loopringorg) March 23, 2022
What’s bullish about this news for Loopring is that GameStop, in launching an NFT marketplace, chose to bypass layer one completely. Instead of building directly on Ethereum, it has partnered with Loopring. This represents enormous validation for Loopring and layer two in general.
And with LRC remaining 69% down on its all-time high of $3.75 (set in November), we expect it to rise strongly in the coming weeks.
3. Ethereum Classic (ETC)
ETC is up by 11% in the past 24 hours, reaching $48.15. It’s also up by a whopping 86% in the past week, and by 75% in the past month.
ETC’s indicators continue to be very strong. Its 30-day moving average is taking off, while its RSI is above 70. This all points towards very strong momentum.
As we noted recently, ETC is rallying largely because of Ethereum. With the latter moving closer to its transition to a proof-of-stake consensus mechanism, the general ‘consensus’ within the community is that miners are beginning their own transition to Ethereum Classic.
#EthereumClassic $etc is becoming extremely profitable to mine. The miners recognize this, and they are porting over to #etc in mass. #bitcoin
— ETC Sage Capital (@EtcSage) March 20, 2022
With ETC’s price now rising as a result, there’s a good chance users will follow miners towards Ethereum Classic. And this, in turn, means more price rises in the near future. This is why we’ve added ETC to our list of the 5 next cryptocurrency to explode.
4. Cardano (ADA)
At $0.970915, ADA is up by 3% in the past 24 hours. It’s also up by 21% in the past week and by 4% in the last 30 days.
ADA’s indicators are highly encouraging right now. Since its RSI reached a nadir in early March, it has been ramping steadily upwards. The same goes for ADA’s 30-day average, which is rising nicely above its 200-day. This all suggest new longer term levels for ADA.
The altcoin is seeing above-average rises right now because Cardano has been developing rapidly over the past few months. The launch of smart contracts in September has been followed by Cardano’s ecosystem accumulating over 500 projects.
?517+ projects are now building on #Cardano as the #ADA ecosystem continues to grow#BuildingOnCardano#NFT 34.7%#DeFi 2.9%#NFTMarketplace 4.7%#Metaverse #DEX 6.2%#Gaming 4.7%#Wallets 4.7%#GoingForNumber1 pic.twitter.com/aflU3V5lSn
— Dr. Shweta ? (@Dr_shwetaPHD) March 14, 2022
In parallel with this growth, Cardano is now posting a total value locked in, something that eluded it for a long time. From under $1 million at the start of January, this figure has now risen to $309 million. The launch of its DEX SundaeSwap, towards the end of January, is largely to thank for this growth.
And with Input Output Hong Kong continuing to develop Cardano, it’s set only to continue expanding in the coming months.
5. ApeCoin (APE)
APE is $12.10 today, representing a rise of 12% in the past 24 hours. It’s also up by just over 90% since launching less than a week ago.
APE is on the ascendent again after falling from its ATH of $17.17. Its RSI is creeping back up to 70, revealing growing momentum.
One of the newest coins on the market, ApeCoin is the native token of of the Bored Ape Yacht Club NFT series. It’s a governance and utility token that grants holders to right to vote on how the Board Ape’s ApeCoinDAO uses its funds. Limited to only 1 billion tokens, it also grants users access to certain parts of the Bored Ape ecosystem.
Given how popular the Bored Ape Yacht Club has become, APE could take off in a big way. Indeed, the trading volume for Bored Ape NFTs has reached $23 billion over the past 12 months. This makes it the biggest NFT collection in crypto, not least because it counts various celebrities among its holders. This is why we expect APE to be one of the 5 next cryptocurrency to explode.
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Source: https://insidebitcoins.com/news/5-next-cryptocurrency-to-explode-march-2022-week-3