Next Cryptocurrency to Explode Saturday, August 5 - Synthetix, XRP20, Dogecoin

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There’s no doubt the past few days have been littered with doubts and uncertainties. The bulk of the predictions that went ahead of the month have all fallen to the ground, thanks to last weekend’s event.

It’s another weekend, and a bit of calm has been restored to the cryptocurrency market. It’s time to look at the market ahead of the new week and identify the next cryptocurrencies to explode.

It’s best to state ahead that the crypto market is quite volatile. There are no guarantees that the performance of crypto assets will always align with analysis. Hence, crypto investors are familiar with the play word “DYOR.” It’s an acronym for Do Your Own Research.

Next Cryptocurrency to Explode

With that said, what are the next big cryptocurrencies to explode? As usual, the article takes a glance at the crypto market and spotlights some crypto with explosive trends. Also, investors who prefer new listings can look into the presale tokens. The aim is to provide a well-rounded list of high-performing cryptocurrencies investors can include in their watch list.

1. XRP (XRP)

Does XRP really have the chance of becoming the next cryptocurrency to explode? While some XRP big holders are praying for the token to explode, some are crying foul. The concerns stem from the shocking decline in the price of XRP since its boom in July.

The price of XRP tokens has dropped by nearly 25% since the time of the court verdict. The situation that’s caused doubts in the heart of many holders, and many more are asking if there’s any chance of recovery.

Considering the trends from XRP charts and the news, XRP may not be dead yet. It is accurate that some investors capitalized on the verdict trend and bailed out when they achieved their goals.

The charts of XRP say much more about the token than you can get from social media. While the token’s price may have succumbed to the pressure from the bear, it is gradually recovering.

Today’s chart shows that XRP trades much above its 200-day moving average. Consequently, there’s a prospect of a bullish short and long-term trend. Similarly, it has come quite close to its oversold range, as seen on its Relative Strength Index.

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Should investors go bullish on XRP? It depends on how the trend unfolds. At press time, the volatility rating of XRP is relatively high. The rally would be short due to the FUD already at work in the market. However, as the platform deepens its footprint in the corporate world, confidence in the token will increase. In the long run, XRP will still be a big gainer. Ultimately, it’s one of the next cryptocurrencies to explode.

2. XRP20 (XRP20)

While there are gross uncertainties as to when XRP will become the next cryptocurrency to explode, XRP20 might be a valid alternative with a definite future.

The token, XRP20, is the new addition to the presale trend. The only difference here is that it is bringing back the lost history of the crypto industry.

In 2014, XRP, popularly called Ripple, increased its price by about 137,042%. The asset’s price went from $0.0028 to $3.84 in less than 24 months. The thrilling price boost caught the crypto industry’s attention and brought the XRP token to the forefront of the industry.

However, the battles against the cryptocurrency’s parent company have taken away its glory days.

Then comes XRP20, a proof-of-stake project that runs on the Ethereum network. The project is aimed at reviving the XRP army through a community-driven approach.

It’s offering an alternative to the embattled XRP. But this time, it’s coming at about 30 times cheaper. With that, there won’t be anyone who can’t afford to join the train, claims the network.

The uniqueness of XRP20 is not only sealed by its philosophy. Its team and community also consist of unique personalities with a blend of fun and focus on shared prosperity, contributing to the uniqueness.

The tokenomics is quite grand. At presale, 40% of the total supply is made available to the public. Another 30% is reserved for burns. The remaining token is spread across staking and Dex liquidity. The total supply is pegged at 100 billion XRP20 tokens.

Investors can be a part of the XRP20 project for as low as $0.000092, which is 30 times lesser than it would take to buy into XRP.

Visit the XRP20 presale.

3. Dogecoin (DOGE)

Dogecoin has often shown up on explosive trends. Usually, celebrity interest in the token is responsible for its frequent pump. With its recent trend, most people wonder if Dogecoin will become the next cryptocurrency to explode.

Also, the influence of its community often contributes to its sudden rally. However, the source of the current momentum is a blend of all those mentioned above. DOGE kicked into an upward trend in mid-June. The trend is still on and might burst into a protracted rally in the coming days.

The speculated rally may result from the recent social presence around the token. The same was seen in the days following the XRP rally of the 14th. A protracted influence from various crypto communities could trigger a DOGE rally. And the new Twitter move by Elon Musk is making some speculators shift their chairs.

Dogecoin is still decentralized.
Dogecoin is still open source.
Dogecoin is still not controlled by a single entity.
Dogecoin is still a currency.

But opportunists will appear officious to gain your trust, to take your money. Trust but verify by track record, not labels.

— Dogecoin (@dogecoin) April 24, 2023

Until now, the coin remains one of the top memecoins in the industry. While some believe that DOGE would be unaffected by the rebrand, others believe that Elon has a lot of influence on the token. Nonetheless, the DOGE continues its upward trend and might burst into explosive growth if it keeps at it. It is best to keep a close eye on its charts. It might be the next penny crypto to explode.

4. Synthetix (SNX)

Synthetix is gradually coming out of price consolidation. It is one of the tokens that took a hit from the DeFi of the previous weekend. The token has recorded over 6% increase in the last 24 hours. That gain might quickly add up to 10% if the trend continues.

SNX started gaining some recovery after the news came out that there was a positive response from the hackers behind the exploit. The role of SNX in the ‘DeFi sector positions it as one of the tokens that might quickly reach full recovery.

Before the exploit, the token was already on its way to the $3 region. With its liquidity still very high and its short-term price above its long-term moving averages, SNX can potentially return to its push for $3.

Strong momentum from Synthetix Perps partner Polynomial 🙌⚔️ https://t.co/ToPU7TtvXe

— Synthetix ⚔️ (@synthetix_io) August 4, 2023

Hopefully, some recent partnerships can help the coins recovery. Again, considering that the DeFi sector is back on its feet with a total transaction of $2.65 billion in the last 24 hours. It means that assets in the industry will likely see a boost in the coming week. With the capabilities and relevance of Synthetix in the industry, there are high chances it will fall among the next cryptocurrencies to explode.

5. KuCoin (KCS)

Can KuCoin become the next crypto coin to explode? KCS is overdue for price retrace but is still deep in the far right. Its current price is way into the oversold range with a value of 27 according to its RSI rating.

The asset’s price has increased by about 2% in the last 24 hours, and the trading volume is also seeing some changes. The signals across its charts show that KSC is already being prime for a retrace and might swing into full recovery before the mid-week.

However, there are no signs of intense rallies building up. Hence, the chance that the long-term holders might want to offload is very high.

Nonetheless, if KCS can beat the $5.6 resistance, it might find the push to reach as far as $6. However, the chances of getting that price are slim, considering that the activities around the platform are moderate.

But, investors can still keep the token on their watch list. It might surprise the industry and become the next big crypto to explode.