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The cryptocurrency market is taking a dive in continuation of the little step down it had yesterday. We touched leading coins carrying the crypto market in the last next cryptocurrency to explode post. The market is down by 2% from its position in the last 24 hours and the capitalization is down to $1.14 trillion.
Although the total volume of crypto traded in the last 24 hours is 35.19 billion, it also had an increase of 27.72%. Decentralized finance (DeFi) has a total trading volume of $2.72 billion and it amounts to 7.73% of the entire market’s volume. All stablecoins have a volume of $32.62 billion which amounts to 92.69% of the total volume.
As for Bitcoin, its market dominance is at 46.28%. That amounts to losing 0.23% of its position in the last 24 hours. There are, however, still crypto assets doing well in the market. These coins are displaying tenacity and they show that they won’t slide anytime soon. Investors are called to take a closer look at our list of the next cryptocurrency to explode.
The Next Cryptocurrency To Explode
The recent trend in the market is actually an impressive one. It sets the ground for investors who buy massively when things are not so clear. It is also noteworthy that the top gainers are recording high figures because investments are pouring in. Take a quick dive with us.
1. AiDoge (AI)
AIDoge has ended the presale of its token, AI. It eventually reached its funding goals way before time as it raised close to $15 million in a month. The asset is now counting down to its Claim and Exchange Listing on the 19th of June.
During the presale, AI sold at $0.000026. Investors who did not buy the asset then will now buy at the ICO price when it finally launches. It is not clear at this time which exchanges will list AI first. It is, however, what all interested parties are looking forward to. Crypto analysts too are highly optimistic that AI will perform beyond expectations in the market.
AiDoge attracts users and investors because of the way it seamlessly weaves artificial intelligence and memes together. The platform is working on an artificial intelligence algorithm that will enable users to produce memes in a few seconds after putting in a query. Users will also be able to mint those generated memes as non-fungible tokens on the platform if they wish.
AI will be sold at $0.0000336 when it is launched to the general public on the 19th of June. Investors who missed out on the presale chance should not miss the next cryptocurrency to explode again.
Visit AiDoge (AI)
2. Spongebob (SPONGE)
The next meme cryptocurrency to explode is Spongebob’s SPONGE. The token quickly became the most sought-after meme coin when it launched on the 4th of May. It took a cue from Pepe and hit an unprecedented 3000% within the first week.
Spongebob gained huge acceptance because of its background and affiliation with the television series of the same name. The huge success it had, definitely, came as no surprise. It did not even need a presale to gradually introduce the coin to the market or raise funds.
The SPONGE token currently sells at $0.000279 even though it traded above that before now. The height of activities around it shows that it is on the verge of rising exponentially again. It is up by 279.68% over the last month and its trading volume is at $1.6 million per CoinMarketCap.
The next phase for Spongebob is to get its token to have a market capitalization of $100 million. According to analysts, if that milestone is achieved, the asset could bring back returns up to 14 times the current value. It is, then, yet another opportunity for investors to jump on the Spongebob train. Join the next cryptocurrency to explode.
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3. Launchpad XYZ (LPX)
Launchpad XYZ, as the name might suggest, is a platform that set out to be a launching pad for crypto users to scale. It is a Web3-enhanced crypto trading and exposure platform that focuses on integrating crypto and Web3. It will also empower experts and crypto enthusiasts to trade and work better.
Launchpad comes with features to help traders find their way easily in the crypto market. This became necessary because of the attendant instability that might hit the market at various points in time. It is evident that both experts and newbies will require help from time to time when confronted with market challenges.
Launchpad XYZ implemented what it calls the Trading Edge. It is a feature that aids investors in their decision-making process. Furthermore, the feature makes it possible for other users to know how expert traders trade. This makes the platform a much more useful place for new beginners to learn the ropes.
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Join our #Presale, and let’s conquer the #Crypto universe together ⬇️https://t.co/yYq4jnPZiL pic.twitter.com/2CfxPY8Ioz
— Launchpad.xyz (@launchpadlpx) May 31, 2023
Trade can also be carried out at exceptional speed with the terminal trading feature. The NFT marketplace is another feature that users benefit from. They can mint several tokens and put them up for sale to earn tokens.
The platform’s native token, LPX, has been on presale and it is creating some effect in the market. Selling at $0.0445, the project has raised over $800,000 and it aims to achieve more. When the token gets listed on exchanges, the price will become $0.0565 and start to ascend indefinitely. Investors should take advantage of the ongoing presale to cup their share for some future profit margin.
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4. RobotEra (TARO)
RobotEra is another asset positioned to be the next cryptocurrency to explode. It is currently in the second stage of its presale. The native cryptocurrency, TARO, now sells at $0.023 and it will increase when it enters the third stage. At the rate it is going, it is expected that the token would sell out before the scheduled date to end the presale.
RobotEra aims to reach a $6.9 million hard cap with this ongoing presale. It also put up 1.8 billion units of its ERC-20 token to achieve this goal.
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— RobotEra (@robotera_io) May 31, 2023
TARO is the next cryptocurrency to explode and the best one to invest in right now. One of the core reasons is that RobotEra provides holders and game players with earning opportunities. Since the Taro planet was destroyed, players have to purchase resources from the metaverse to rebuild it.
Players earn when they find minerals and other kinds of resources. When players build infrastructure on the land they purchase, they can proceed to monetize it. Facilities they can build include whole houses, museums, halls, swimming pools, and lots more.
Part of the ways to get income from the facilities they build is that players charge for events. They can also get distributed rewards when they attend events. They can also sell certain resources they earn, as well as advert spaces to businesses that wish to advertise. And when the value of land increases, players can proceed to sell them to earn more profit.
The utility created in and around RobotEra and its metaverse is rubbing off on its native currency. It inevitably draws more users and sustains their attention. Investors should pour in resources now before the price increases in the next stage.
5. Filecoin (FIL)
Filecoin is showing some level of tenacity in the market today and holding out strongly. Its 7-day score is trading up by 5.43% to rest at $4.68. This level of tenacity in the middle of the ongoing slope put FIL in line as the next cryptocurrency to explode. It is a good time to visit eToro to see how to tap into this opportunity.
Filecoin set out to give incentives to a global set of computer operators for them to provide services for sharing and storing files. The team behind the project says if a lot of people adopt the platform, then it would be the internet’s fastest and safest means of storing data.
Importantly, the service will not rely on any means of central authority. This implies that the content of its files is not subject to censorship. This is made easy because the platform is maintained by miners with dedicated computing power to provide the power that makes it work. These miners are paid for making storage available to all users. The users are also obliged to pay the miners for their services.
Filecoin’s revolutionary contribution to the storage environment puts it at the front of decentralized information sharing. Its native cryptocurrency, FIL, gains its relevance from such services the platform provides and other user activities. Seeing that it draws so much attention from utility makes FIL the next big cryptocurrency to explode.
6. Cardano (ADA)
Cardano’s 7-day score is up by 3.39% and currently selling at $0.37. At the same time, its 24-hour trading volume is at $207.9 million. Cardano fell to $0.35 last Friday but it soon began to pick itself back up. Cardano is directly competing with Ethereum for some dominance and this is why it is widely referred to as the “Ethereum killer.” Cardano is the market’s fourth largest altcoin going by its market capitalization.
Based on reports from crypto trackers, activities on Cardano have surpassed what goes on with Ethereum. It also surpasses Chainlink, Cosmos, and Decentraland.
It should be noted that increased development activities around a crypto asset are indicative of bullish trends around it. The increasing development activities on Cardano will then, aid the altcoin’s rapid recovery. It will also strengthen its place as the next cryptocurrency to explode.
Since ADA now trades at $0.37, it is well on its way to bouncing back strongly. Interested investors might want to take the opportunity to invest now before the price hit the roof again. eToro is the right place to look at this time.
7. Fetch.ai (FET)
Fetch.ai has traded as high as 18.67% in the last 7 days while it sells at $0.2673. The asset’s 24-hour trading volume is at $66,042,100.
Fetch.ai is an AI-powered blockchain platform that uses AI to help people automate their days and activities. The basic idea is that it will decentralize transactions and also automate them on the Internet. For instance, rather than using a price comparison site to find and book flights, you can automate it with Fetch.ai.
Fetch.ai has implemented an automated bot that represents the user. It would interface with service providers to negotiate things on your behalf. It utilized the settings that you have put in place. It uses the time you have set to carry out your activity and what your stipulated budget is, for example.
Your “digital twin,” as it is called, can relate with other digital twins that have performed the kind of task you want to perform. With the help of AI, your digital twin can learn what it should do from those other digital twins.
So if a friend of yours had a holiday, your digital twin can communicate with your friend’s digital twin to learn everything you would need for the trip and then put them in place. You would not have to speak with your friend about it.
Fetch.ai can also know when a token is trading higher or lower on a specific exchange. It would automatically step in for you to switch the situation in your favor. You can get FET on eToro.
Innovations like this draw users to a platform when they become popular and their utility is understood. Early bird investors have taken the lead in investing but it’s not too late to have a share of the next cryptocurrency to explode.
8. Solar (SXP)
Solar has gone up by 4.78% within the last 24 hours. Its ranking on CoinMarketCap is currently at #123, with a live market capitalization of $238,379,058.
It is an open-source L1 blockchain that is used for decentralized P2P settlements. It is built on a dedicated POS mechanism and its activities are led by a decentralized autonomous organization. The platform calls its block producers Delegates and they are saddled with the task of securing the blockchain. They carry out this task through a system of voting while using the native token, SXP, to gain access.
Solar puts emphasis on establishing a blockchain that is driven by its community. Its goal is that one day, the blockchain will be in the same league as the likes of Solana and Ethereum. Solar went ahead to overhaul its first ecosystem, Swipe, in order to achieve that ambitious plan. It also worked on a new mainnet and testnet led by a new team. All activities are controlled by a DAO.
In the first quarter of 2022, Solar was able to mark some significant milestones as complete on its plans. These include the launch of its mainnet. It began operation on the 28th of March, 2022. It was eventually done after many months of testing.
It also released new desktop wallets for its P2P settlement system. The platform also deployed its Side Ledger Protocol. This protocol lets users create tokens equivalent to Ethereum’s ERC-20 tokens and other assets. But the SXP token is used to transact on the platform.
Importantly, Solar has implemented the ability to stake assets on its mainnet. Finally, Solar chose the first set of its 53 delegates who will secure the blockchain.
Further development will go toward improving the platform’s governance system. It will also increase interoperability between Solar’s system and other systems. The struggle for interoperability is a race that most networks are on. There is a chance that interconnected networks draw more utility and get more popular. The solution, thus, makes Solar the next cryptocurrency to explode and buy.
9. Ocean Protocol (OCEAN)
The price of the Ocean Protocol token, OCEAN, has jumped by 13.01% within the last 7 days. Its 24-hour trading volume is $61,721,434 while its current market supply is 613,099,140.998. Its administrative activities are setting it up as the next cryptocurrency to explode.
Ocean’s Protocol is a project built on the blockchain and it lets individuals and businesses get benefits from their data with Ethereum’s ERC-20 data tokens. Data tokens are by and large interfaces between the blockchain and data assets.
With the Ocean Protocol, users have the power to gain from data without having to let go of control or privacy. Consumers can now get access to data that were initially hard to get or just unobtainable. There are some data now available on Ocean Market. Interested users have access to transact with the data and they can also use the data later.
The Ocean Protocol’s native token is OCEAN. The tokens are deployed to manage community funding, trade, and stake data. The supply is gradually distributed for sustainability and growth.
Whereas, in the Ocean Market, users are able to stake the asset, OCEAN, on a data asset so they can earn. Staking is the act of adding liquidity to any available data token such as the OCEAN pool. Traders can earn a certain percentage of every data transaction fee paid on the platform. But it has to be proportional to the stake they have. The Ocean Protocol has the plan to let users earn more via its Ocean Data Farming.
These are benefits that encourage users to use OCEAN and its mother platform. Returns are expected to rise beyond expectations in the coming months so investors might want to buy the asset now.
10. Aptos (APT)
Another to consider as the next cryptocurrency to explode is Aptos (APT). Its live price action today is $8.5517, and it has a current market supply of 198,697,940.72 APT. The asset’s market capitalization also stands at $1,699,212,538. Within the last 24 hours up to $51,810,638 worth of APT tokens have been exchanged on different crypto exchanges.
Aptos is an L1 blockchain that plans to be scalable, safe, and upgradeable. It was developed by over 350 programmers with a plan for it to be foundational work for other Web3 developments in the future. Aptos’ native token is recognized by its ticker, APT.
Aptos has gotten much attention in the past months because of its history. The blockchain network was developed by the same developers who built the Diem blockchain. The Diem blockchain was developed as a program of Meta( formerly known as Facebook). Although the Diem project has been abandoned, Aptos developers plan to build more on its advantages. The team at Aptos is working toward making crypto easily accessible to the average crypto enthusiast. They want to make this happen through the network’s scalability advantages.
The are a number of influential investors backing the Aptos project. The project equally gained more pace because of its engineering team. The two founders were engineers at Meta and also worked on a number of crypto projects. Aptos also has a strong community online such that its popularity is pushed massively. The community’s discord channel has over 125,000 people on it.
Applications on the Aptos network are like those present on similar blockchains like Solana and Ethereum at least. While at that, the blockchain also focuses on the major problem of scalability. According to several reports, the Aptos testnet was reported to be faster than that of some of its competitors. This undoubtedly makes it the next cryptocurrency to explode.
Investors should look into it and consider buying for the sake of future benefits.
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