The crypto market faces the bears as the bulls try to force their way back into the fray. The nascent industry is down 0.76% wat press time ith $1.73 trillion in total value locked (TVL). However, this presents an ideal opportunity for value-driven investors to snap up the next crypto to explode for a bargain.
If you are one of those looking to buy low and sell high, then this list of crypto assets should see you hit your financial target soon.
1. Lucky Block (LBLOCK)
Lucky Block is one of the most exciting and next crypto to explode. Based on the Binance Smart Chain (BSC) network, Lucky Block is a crypto-native lottery platform that aims to engender a fairer and transparent online gambling space. The protocol’s mission is quite simple: to make every player a winner. This is seen with the fact that all jackpot winnings are taxed 10% and redistributed among other players.
Lucky Block comes with even juicier offerings and players get zero transaction fees and instant payout of all winnings. This has seen Lucky Block become one of the most sought after digital assets in its runup to full launch on March 25. The digital asset is also on course to launch on a number of centralized exchanges including Binance, FTX, Kucoin, and several others. Not resting on its laurels, the Lucky Block team is working on an interoperable upgrade called Lucky Block V2 to link to the vast Ethereum ecosystem.
Price-wise, Lucky Block native token LBLOCK has been on a tear ever since it launched on popular decentralized exchange (DEX) platform PancakeSwap. The digital asset surged more than 1,500% within two weeks from an initial opening price of $0.00020 to $0.009617 in mid-February. At press time, LBLOCK is trading at $0.0041, down 2.71% in the last 24 hours. Its strong value proposition makes LBLOCK the next crypto to explode and one you should invest in right now.
2. Polygon (MATIC)
Polygon has remained a clear favourite of several investors for several reasons. A layer-2 scaling solution, Polygon lifts the transaction burden off the shoulders of Ethereum while boosting higher throughput, low fees, and less energy consumed.
The fast-paced nature of decentralized finance (DeFi), non-fungible tokens (NFTs), and other rising sub-sectors have seen Polygon pegged as the next crypto to explode as crypto adoption ramps up. Polygon has also seen remarkable growth in the past year with several decentralized applications (dApps) launching directly on the layer-2 solution. One of such is Fodl Finance which has recently launched its beta on the Polygon Network.
Polygon’s crypto digital art arm PolygonStudios has also recently partnered with the Sombra Network to launch high-level visual effects content and pipeline support for internal IP and other future projects.
At press time, native token MATIC is feeling the impact of the bears and is trading at $1.37, down 1.76% in the past day.
3. Decentraland (MANA)
Decentraland remains one of the most exciting and promising next crypto to explode in the crypto space. Focused on the newfangled Metaverse ecosystem, Decentraland is hosted primarily on the Ethereum network. The exciting crypto project combines both virtual and augmented realities to enable its users to enjoy immersive spatial experiences.
Also part of its itinerary is the fact that Decentraland allows users to create, share, and monetize their content and applications. Added to this, the fleet of virtual lands users can easily tap into and develop. These pieces of digital assets can then be monetized on the marketplace. Decentraland is the clear beacon and most recognized project in the Metaverse ecosystem and this has lent its price action much credence.
Native token MANA surged a remarkable 2,000% from below $1 to over $5 during the November 2021 rallies. MANA has since seen its gains retrace, however, but the project still draws massive attention from investors. At press time, MANA is trading at $2.29, down 2.30% in the last 24 hours.
Fundamental-wise, Decentraland is also a popular Metaverse spot for the purchase of digital plots of lands. Vertically integrated Metaverse tech company, TerraZero Technologies Inc., has recently acquired 185-parcel land on Decentraland. According to the press release, this cost the company a whopping $2.77 million to secure the sales from owner Carl Fravel. This shows a fledgling interest in Decentraland making it one of the next crypto to explode as the months roll by.
4. Cardano (ADA)
Cardano, the third-generation blockchain protocol is a next crypto to explode. Offering all the benefits of the new proof-of-stake (PoS) consensus protocols without the inherent limitations of the Ethereum and Bitcoin networks, Cardano has been crafting an entire ecosystem based on its peer-reviewed process.
The Cardano network’s development arm Input Output Hong Kong (IOHK) recently launched Fund8 – an innovation hub. Boosting its clientele, Cardano’s investment arm Emurgo has also pumped in funds into Fourier Labs – an interoperability solutions provider for the Cardano network.
Price-wise, Cardano’s ADA has felt the brunt of the broader bear market and is trading at $0.8, up 1.61% in the last 24 hours.
5. Terra (LUNA)
The Terra blockchain is one of the principal players in the DeFi space and the next crypto to explode. Founded in 2018, the Terra blockchain is a layer-1 smart contract protocol by the TerraForm Labs. The mission of the protocol is to bring stability into the crypto space through its multiple iterations of stablecoins.
The Terra blockchain has since become a hotbed for dApps and is the second most valuable behind only Ethereum.
The Terra token LUNA has kept a strong berth in the market and is trading at $93.58, up 7.55% in a widely depressing crypto market.
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Source: https://insidebitcoins.com/news/next-cryptocurrency-to-explode