Next Cryptocurrency to Explode Sunday, August 6 - Gala, Cowabunga Coin, The Graph

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The data from the cryptocurrency market today builds on yesterday’s trend. However, the next cryptocurrencies to explode will likely come from different sectors of the crypto industry. In the past months of the year, assets of the layer 1 crypto infrastructure or the DeFi sector topped the gainers’ lists.

What we’re seeing today is a deviation from the trend. We’re seeing gaming assets like YGG and GALA topping the list. In fact, YGG’s performance is remarkable, printing gains of over 250% in less than 7 days.

The article provides an overview of the trend behind the pumping prices of assets and tries to identify other assets with the potential of replicating the trend in the coming week.

Next Cryptocurrency to Explode

Despite the performance of the crypto market, investors still need to look into diversification. Savvy investors know trends constantly fluctuate in any financial market, especially crypto. What seemed like a fair market today might suddenly turn bloody tomorrow. A smart move might be to look into presale offers, and there are many options to consider.

1. Gala (GALA)

Gala is at the top of the CoinMarketCap gainers list today. Unfortunately, the Gala is a lesser-known platform carving out a name for itself. The platform is described as the brainchild of some of the best minds in the gaming industry.

According to the information available on CMC, the platform is a blend of Web3 and Blockchain innovations.

With their eyes set on solving the problems of game publishing, the group of developers created the Gala platform to publish AAA-level games. Their goal is to provide a blend of free-to-play games and play-to-earn models.

So far, the platform has earned its place near the top of gaming and content innovation in the crypto industry.

The pump in price is linked to the recent post on from Gala’s blockchain head. In the tweet that went live on the 4th of the month, he specified that GALA tokens would become the universal currency of the gala ecosystem.

There we go!

Confirmation – $GALA will be the gas token for everything on #GalaChain… doesn't matter if we are talking about a game, a social media network, or another ecosystem like @GoGalaMusic or @GoGalaFilms. $GALA is the gas token for #GalaChain. https://t.co/pZeuhAA2Dl

— Jason Brink aka BitBender (@BitBenderBrink) August 4, 2023

With the development, the demand for GALA will likely increase multiple times. Today, GALA’s trading volume saw a boost of over 200%.

Similarly, the demand puts much pressure on the supply, which is reflected in its price. The market’s reaction seems to halt the asset’s 52-week free fall.

The coming week may restore GALA to its upward trend. Intelligent traders are capitalising on the swing while the market waits for the trend to form. At the moment, GALA may be called the next penny token to explode.

2. Cowabunga Coin (COWABUNGA)

Fun-loving degen investors should buckle up for what might be the most fun-filled crypto project in recent times. Everyone familiar with the legendary Teenage Mutant Ninja Turtles (TMNT) series would understand the Cowanbunga slang.

Now, Cowabunga Coin is neither an animation nor a movie series. It’s a crypto project to raise a community of fun-loving crypto degens who want to associate with other like-minded crypto investors.

We're blowing @pepecoins brains out, who will be next? pic.twitter.com/7EmRk765lt

— $COWABUNGA Coin | Presale Live Now! (@CowabungaCoin) August 6, 2023

The project promises to provide a platform where teamwork and family spirit can help participants achieve their goals. However, there are no guarantees, and the success of any community depends on the vibes of the participant.

Nonetheless, the fundamentals of the projects are well crafted, and it has a strong team behind the project.

The marketing effort has been top-notch. Results recorded so far includes thousands of followers on social media and many hundreds already on its waitlist.

Furthermore, the project has successfully raised over $22k of the softcap of $500k it targeted for its softcap.

It’s still extending the offer to others who might want to feel what it is to be in the world of the Teenage Mutant Ninja Turtles.

The difference this time is that it would happen on the blockchain and not in NYC, as seen in the series.

The COWABUNGA token is currently priced at $0.000357. That price will increase multiple times once the token hits the market. Investors can take advantage of the discount while it’s still on.

Visit the Cowabunga Coin presale

3. Yield Guild Games (YGG)

The price of YGG is currently on a massive rise. The gains in the last 24 hours have reached 77%, bringing the 7-day boost to 250%. Besides the pumping price, yield also records bloating trading volume.

Why is Yield Guild Games price pumping? The answer is plausible. Recently, the platform went into some spiral of activities that got it social attention and demand.

An example is its partnering with Delabs to bring novel games to its network. Also, the features of Axie Infinity games must have ignited some confidence in its community.

Again, the announcement of the release of GAP season 4 caused clamour across its social media platform, generating increased engagement on Twitter. All these events contribute to its price action.

However, the chief among the activities that caused the recent spike in the price of YGG is the current listing of the asset as a perpetual contract on Finance. In the early hours of August 5, Binance launched YGGUSDT Perpetual.

The ripple effect is now seen across the price and trading volume of the asset. There are speculations that the rally might take the asset’s price above $1.

WE ARE LIVE! 🚨⚔️

GAP Season 4 is now officialy launched!🔥Calling on all our community members to go and check out what lies ahead for this run!🏁

Read the full article below!👇https://t.co/2PQ0fiJEaU pic.twitter.com/9yj82ORKvm

— Yield Guild Games (@YieldGuild) August 3, 2023

However, there is no guarantee as the asset’s current price is way below its 200-day moving average. Holders would prefer to capitalise on the gains to make a profit. However, YGG is the next crypto to explode, and traders can capitalise on it to make some profit.

4. The Graph (GRT)

GRT has spent most of the year battling the pressure from the bears. Its price is currently in the red and has been there for most of the year.

The surprising event, however, is that GRT is posting some green figure that makes it look like it might be the next crypto to explode. Today’s trading volume went above yesterday by nearly 80%.

That trend quickly caused a spike in the price of the asset. Notwithstanding, the bears are pushing back.

With its recent trend, investors should add the token to their watch list. With more push from the bulls, GRT would post rounds of gains. Some signals from a quick analysis show GRT is long overdue for explosive growth.

For example, the Relative Strength Index analysis shows that GRT is currently oversold. With that, it can maintain its current pump for some days in the coming weeks.

However, some factors might cause a counter effect on its upward trend. Investors should remember that the asset’s current price is far below its long-term averages.

With that, the dump might set in, and this would cause the price to tumble when it encounters $0.12. In the meantime, the Graph may be the next crypto coin to explode.

5. Litecoin (LTC)

Any Investors who perform technical analysis on LTC would realise why the token is the next big crypto to explode. Even though the token went into a quick decline in the days following its halving, it is beginning to show recovery signals. At press time, the relative movement of its chart in the last 48 hours shows that the bulls are starting to have the upper hand.

The new week might greet LTC with an explosive rally in the greens. Data from its moving averages shows that investors who bought to earn from the pump following the LTC halving are battling to make a profit, which is the reason for the decline.

For example, the current price against the long-term moving average indicates the death cross, which shows intense dumping. As soon as the dumping subsided, the effect of the deflationary trend would kick in, and the token would return to its uptrend.

Litecoin is one asset that investors should have on their watch list right now. Its RSI is in the oversold range and will soon be on its way to the upside.