Next Cryptocurrency to Explode Friday, August 4 - Injective, yPredict, Arbitrum

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The dilemma in the crypto market could be confusing to investors, especially beginners. Some assets are on the rise while others are sliding into uncontrollable dip. Yet these assets are in the same category.

The challenge, however, is how to spot the next cryptocurrency to explode before it embarks on the rally. This article answers the question. It offers a quick overview of some cryptocurrencies that might soon record explosive gains.

Next Cryptocurrency to Explode

The aim is not to present a guarantee or provide an ultimate opinion about cryptocurrencies. However, it highlights key performances that show that the tokens below are on the growth path. In that case, it’s best to consider further research before deciding. With that said, let’s jump right in. What are the next crypto coins to explode?

1. Optimism (OP)

Optimism has suddenly found its rally. The token is now more frequent on the list of top crypto gainers. It had some of its best green days towards the end of last month. It also brought momentum into the new month by successfully conquering its $1.5 resistance.

At press time, OP is trading closer to its $1.74 resistance and is attempting to break above the zone. If OP successfully conquers the resistance, we might be looking at a $1.8 stop or as far as $2.1.

On the flip side, OP RSI indicates that the token is oversold. Therefore it might see a quick retrace back to around $1.6 before it moves back on its rally.

Some other positive facts to remember is that OP currently trends at a price much higher than its 200-days moving averages. Also, its market cap has been growing consistently over the past weeks, showing that the token’s liquidity is favorable. Consequently, there’s much likelihood that investors will find OP more attractive.

The platform is putting a lot of improvements in place to remain competitive. Details shared on its Twitter handle highlights some fundamental changes.

Introducing contracts-ts: a frontend oriented NPM package for tinkerers.

This is a typescript package for developers who want to build interfaces and tools close to the OP Stack smart contracts.https://t.co/Ex8jpmSbaQ

— OP Labs (@OPLabsPBC) August 4, 2023

Conversely, OP has some downside that might threaten its claims as the next cryptocurrency to explode. Chief among these downsides is its intense volatility.

Slight changes in the crypto market have a significant effect on the price actions of OP. Therefore, investors, holders, and traders hope the atmosphere remains fair as the token journeys across the chart.

2. Arbitrum (ARB)

The hyped Arbitrum airdrop failed to deliver the expected impact on the value of ARB. In fact, the token’s price nose-dived in the weeks following the airdrop as many people resented the process employed for the airdrop.

The tokens spent the rest of July on a downward trend, which drained most of its Q1 gains. Notwithstanding, the trends seem different now as the third quarter enters the second month. ARB has posted positive price action for 48 hours, as its chart shows it may have reached the oversold range.

Generally, Arbitum is a layer 2 solution designed to provide scalability and speed optimization to the Ethereum network. Its optimistic roll-up gives lower gas fee capabilities to the Ethereum ecosystem. It accounts for why projects in the Ethereum ecosystem prefer using the Arbitrum roll-up to other layer 2 solutions.

Recent improvement in the use cases of the Arbitrum platform accounts for the sudden spike in its price. Also, ARB trading volume’s been noticeable changes in the last 24 hours. A continued increase in the use cases might result in an explosive rise in the pricasset’s price. Moreover, ARB has already reached the low point of its RSI, and its chance of a boost in price increases significantly.

Furthermore, the number of active addresses recorded on the network also increases. This occurrence is primarily due to the Gaming projects using the Arbitrum ecosystem as a launchpad. Given the improvement across boards, Arbitrum holders and traders can expect ARB to be one of the next crypto coins to explode. But that might be after it overcomes the $1.16 resistance.

3. Injective (INJ)

Can Injective become the next big cryptocurrency to explode? While Injective might be far from big names like Bitcoin and Ethereum, its value in the DeFi sector is undeniable. In summary, Injective is a next-gen DeFi protocol that facilitates Decentralized sports, exchanges, prediction, and lending pools.

What sets Injective apart from other solutions in its category is the resilience it has demonstrated recently. While prices of most DeFi and DeFi-related assets tanked from the recent shock, INJ continued its rise. It has been on a progressive rise since the turn of the beginning of the month.

As of this writing, it’s battling the resistance at the $8.1 zone. If the token breaks through the resistance at that level, the token might be on track to $9 to $10. Considering its recent performance, and the prospect of the DeFi sector kicking into recovery, it’s possible to see INJ fulfill the projected price range before the end of the quarter.

But there is no guarantee. It’s best to watch the trend and see how it unfolds. For now, INJ is on the path to becoming the next cryptocurrency to explode.

4. Casper (CSPR)

Casper may be an excellent option for inventors looking for short-term hedging. The token kicked into an upward ride in the early hours of today and might continue for the rest of the weekend.

A quick look at its charts at press time reveals that CSPR only has to conquer its current resistance at $0.041, and after it achieves that, it would be able to gallop its way through the resistance zone at $0.043 and make its way towards the resistance at $0.044.

Much of its momentum is derived from the platform’s foray into the NFT sector. The launch of its NFT market created a spike in activities around the network reflected in the pump.

🔊 IT'S HERE! We're thrilled to announce the launch of https://t.co/aq6tmrBq6v, an exclusive NFT marketplace by @WeAreTeamMAKE, debuting on the @Casper_Network!

A new era for NFTs starts now. Get ready to explore, create and trade like never before! 🎉 🚀#NFT #Casper $CSPR pic.twitter.com/MXqzrX4y8a

— CSPR.market (@CsprMarket) August 2, 2023

Its price has seen an intraday pump of over 11%, and its trading volume increased to 117%. Despite the meteoric rise of the asset, it’s only best for short-term swing trading as it has a high volatility rating. Also, it spent most of Q1 and Q2 in the red.

More importantly, its current price trades much below its long-term moving averages, which means that the confidence in the asset is at its weakest and might still drop much further. And it’s nearing the overbought range. Therefore, it’s only best to quickly swing at the exploding token and move away from its decline.

5. yPredict (YPRED)

One way to take advantage of big gains in cryptocurrency is by identifying valuable tokens before they hit the market.

YPRED might be a token to watch from the trend so far, especially the effectiveness of the team behind the project.

The project is doing quite well with its marketing effort. At the same time, the presale heads towards its goal, and the coordination of the community is top-notch.

The engagement is well-rounded, sprinkled with occasional free access to premium tools. Also, the turnout for the presale is quite impressive.

🌟🚀Unveiling yPredict (YPRED) – the ultimate AI-powered platform! 🤖📊

📈 Market sentiment analysis
📉 Chart pattern recognition
📈 Advanced technical indicators
📢 AI-driven buy/sell signals

That's not all! 💼🔗 An AI-backed backlink estimator for SEO pros & Alt_Pump_001,… pic.twitter.com/FdGDyMWYvV

— yPredict.ai (@yPredict_ai) July 26, 2023

So far, the project has raised over $3.3 million. In a few days, it’ll cross the $4.58 million mark. The effort is geared towards creating a disrupting AI-backed platform that would shift the crypto trading and investment sector to its new level.

The project is an AI predictive model to provide a wide range of services to traders and investors. The fascinating upside is that presale participants would automatically become the first to use the platform. They equally benefit from the capital gains from the fund committed to the presale. Hence, a double win.

The invitation to join the presale is still on, and the YPRED token is offered at $0.1, a discounted price. At the close of the current presale stage, the price would increase to $0.11.

The platform’s value and the benefit of participating in the YPRED opportunity position the token as one of the upcoming cryptos to explode. Investors should watch out for this one.

Visit yPredict presale.