Next Cryptocurrency to Explode Sunday, July 16 - Algorand, yPredict, XRP

Join Our Telegram channel to stay up to date on breaking news coverage

Identifying the next cryptocurrency to explode in the current market situation is quite a tough decision. Some assets that were on a rally a few days ago turned out to be a special case of a bull trap. XRP, the asset that caused the wild price movement, gave in to the bears within 72 hours of its rally. The question most traders and investors are asking right now is what the future of the crypto market looks like. As far as cryptocurrency is concerned, the best way to define the future is to take a critical look at the performance of assets at the moment.

This article dives into the crypto market and provides a brief review of each asset. It covers the price movement of the assets under review as well as their performances across different metrics. Consequently, the article points out some cryptocurrencies that may become the next cryptocurrencies to explode. Nonetheless, there is still a need for investors and traders to conduct further research.

Next Cryptocurrency to Explode

As the market slows down in the last 24 hours, there may be a need to restructure for the new week. Ideally, investment in presales and penny cryptocurrencies may be valid alternatives to look into. This article unveils low-cap cryptocurrencies that are doing quite well today. XRP, for example, has gone from boom to bust and back in an upward trend.

1. MultiversX (EGLD)

MultiversX is currently on a growth path with over 5% gains in the last 24 hours. What’s unique about the asset is that it’s continued on an upward trend for more than 30 days now, responding favorably to the various trends in the market. Its recent gains have added about $10 to its value, which amounts to about a 20% increase in that time frame. What’s more interesting is that the momentum is not declining, despite a drop in its trading volume in the last 24 hours. At this pace, MultiversX might become the next big cryptocurrency.

MultiversX is a blockchain protocol that uses shading to enhance speed and scalability. The platform is working towards creating a new internet, preferably an ecosystem of technology for DeFi, IOT, fintech, and other next-gen innovations. The token debuted in 2021 and has since grown across the board. Nonetheless, its performance in the market is not without intense resistance. Overall, it’s done 118% in its price performance.

With the increasing interest in the DeFi sector, EGLD might be one of the next cryptocurrencies to explode. Even activities from the network suggest that the platform is positioning itself to capitalize on the influx of funds into DeFI. For example, the launch of the Guardian two-way-authentication system shows that the network is committed to securing its platform.

2. Algorand (ALGO)

Algorand is one of the major cryptocurrencies that’s been on a declining price movement for a larger part of the year. Ultimately, it has lost up to 64% of its overall value in less than 6 months, a loss that constitutes the bulk of the loss it’s incurred since it was launched.

Algorand is a self-sustaining network that operates a decentralized blockchain. It aims at providing a platform for the development of secured, scalable, and efficient apps. With its robust value, it’s expected that the platform would be in competition with Ethereum and other high-performing chains in the crypto ecosystem. However, the price action of the asset has not been commensurate with its potential.

Furthermore, Algorand’s focus on speed and lower gas fees is a unique value proposition that’s not been well explored in the promotion of its platform. In a nutshell, the asset seems to be performing way below its potential. Charles Hoskinson, the creator of the Cardano chain, saw this propensity and has extended an offer to the Algorand network. In his offer, he requests the platform to become a sidechain.

It might be prudent for Algorand to consider becoming a sidechain of Cardano. Always here to help. https://t.co/h3lQeF7WlK

— Charles Hoskinson (@IOHK_Charles) July 12, 2023

In the meantime, the Algorand team is yet to respond to the offer. However, there is ongoing Defi development in the Algorand network that might bolster its performance very soon. As interest in the Algorand network increases, there might be an explosive price rebound. The token has traded below its true value for quite a while now, and the recovery might be explosive. The ALGO is a token to watch.

3. Ethereum (ETH)

Ethereum has been on and off the list of growing assets in recent times. Just last week, the price of ETH crossed the $2k range before dropping back to $1900+. The major reason for the sudden spike, however, stems from the activities around the XRP token, which spread across the industry. Nonetheless, the increase is not over for ETH even though the market is back at its normal trend. There are chances that Ethereum is one of the next cryptocurrencies to explode.

As one of the best-performing open-source assets in the crypto industry, the wide use cases of ETH smart contracts are enough to qualify it as a must-own cryptocurrency. Development and collaboration across Ethereum seem to have intensified in recent times. The trends seem to intensify as the platform moves closer to its upgrade. Analysts believe that the platform is yet to maximize the impact of its recent upgrades.

At the moment, there are speculations that the coming upgrade might catapult the price of ETH to new heights. Some say it will be upwards of $5k, and others say it will remain in the $2k range. While it’s slightly difficult to identify the top of the price movement, What’s predictable is that Ethereum has shown intense price action recently, and sideways trading is gradually moving in a consistent upwards trend. It might become the next big cryptocurrency to explode.

4. XRP (XRP)

While the Ripple effect might have dwindled significantly, the value of XRP may still be preparing for an explosive run. After the announcement of its wins on the 13th, the market went on a wild bullish rally that added 77% value to the price of XRP in 24 hours. However, the market corrected itself about 72 hours later and the token seemed to trade at a neutral range since then.

4/ Check out our 2023 New Value report for more.https://t.co/XjpPud3Izi

— Ripple (@Ripple) July 12, 2023

Today, XRP is back on its upward trend topping 6 percent. It may continue its gains for most of the week as the token continues to exert social influence. Furthermore, there are speculations that the SEC may not proceed to appeal any time soon. And, it may also be the news that would boost confidence in the asset all the same. Ripple would also be the next penny cryptocurrency to explode. Some are even betting that the price of the asset may climb to $1 before the end of the year.

5. yPredict (YPRED)

Ypredict is gaining massive traction although the cryptocurrency is yet to hit the market. The performance of its presale is legendary. As of pristine, the token has raised over $3 million in presale funding and is currently headed toward $4.5 million

🚀🎉 Exciting news! 🎉🚀

🔥 The #yPredict presale just hit another milestone! 🔥 We've successfully moved from Stage 6 to Stage 7, and things are heating up! 💥

💰 The presale price has now been raised to $0.10 from $0.09, reflecting the overwhelming demand and confidence in… pic.twitter.com/qcsEcMJye5

— yPredict.ai (@yPredict_ai) July 15, 2023

What’s exceptional about the yPredict team is that they are not waiting until the platform is fully launched before they start delivering value to the community. As of the moment, yPredict has various programs that provide immense value to the community. The first one was the beta test of its predictive model that offers free backlink analysis to webmasters. The test yielded thousands of results for users. A more recent program is the just concluded AMA, where community members had the time to get in touch with the team behind the project.

This still keeps the opportunity open for investors. Even though the price of YPRED has moved up to $0.1 at press time, it’s not too late to become a part of the project. The only downside is that further delay means a further increase in price as the next milestone would cause the price to climb to a new height of $0.11. Getting on board grants users and token holders access to several advantages, including gains from the increasing value of the token. A look at the presale page says it all.

Visit yPredict presale.