Next Cryptocurrency to Explode Sunday, October 22 - Aave, TG.Casino, THORChain

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What are the next cryptocurrencies to explode? The crypto market may struggle to sustain its uptrend, which has so far lasted for about 72 hours now.

Several Altcoins have reached peak performance as a result of the improving outlook of the sector. Ultimately, there is speculation that we’re witnessing the beginning of the next bull run.

Generally, the global cryptocurrency data reflects the improving outlook of the crypto market. According to CoinMarketCap, the global crypto market cap increased by 1% with a value of 1.14 trillion.

Furthermore, the global crypto trading volume also declined by 1%, with a value of $41.72 billion. The sideways trend in the DeFi sector continues, with its trading volume slightly above the $3.5 billion range.

However, some tokens in the sector, like AAVE, Synthetix, and Compound, are beginning to regain momentum.

Next Cryptocurrency to Explode

Besides crypto assets listed on exchanges, there are some upcoming cryptocurrencies with the potential to become the next cryptocurrencies to explode. Below is a quick review of the TG.Casino is a crypto project that’s exploring the emerging niche of crypto casinos.

What’s even more interesting is that the project leverages social media as the channel through which users interact with it. TG. Casino is currently on presale, and the article highlights the progress so far.

1. Aave (AAVE)

Today, AAVE recorded a boost of over 18%, making it one of the biggest gainers in the last 24 hours. Its chart shows that the days of its consolidation are quickly coming to an end, and we might be seeing a protracted uptrend for most of this quarter and the first quarter of next year.

Is AAVE one of the next cryptocurrencies to explode? The cryptocurrency market has been witnessing improving performance for most of October, and the effect spreads across the board. Hence, the DeFi sector and its associated cryptocurrencies are also recording improving performance. There are speculations that the DeFi sector will receive an influx of funds in the coming quarter as a result of the impending Bitcoin halving.

Therefore, AAVE is on its way to recording big wins as one of the top assets in the sector. Technically, the platform has been largely progressive, and it has maintained engagement in its community through consistent innovation and collective decision-making. One of the factors that might help AAVE build up the momentum it needs to sustain its current rally is the new decision to increase the interest rate of GHO to 3%.

Last day to vote on the Aave DAO acquiring GHO to support its short-term funding requirements.https://t.co/gGKQ9aGL6h

— Aave Labs (@aave) October 20, 2023

Following the community vote in favor of the proposal, the price of AAVE increased from $61 to $77, breaking the $70 resistance level. At its current pace, it’s headed towards its $80 – $90 Resistance zone.

Generally, If it breaks above, it might be able to hold its gains and reach $100 before the end of Q1 in the coming year. Overall, investors should include AAVE in their watchlist as its performance signals the strong potential for a protracted rally.

2. Compound (COMP)

Compound may have lost its fame as the next big cryptocurrency. However, it’s not totally out of the race. In the last 24 hours, the price of the token recorded a surge of over 8%.

The sudden rise in the price of the asset has made many speculate that it’s just the beginning of an uptrend. Apart from this, its trading volume has received a massive pump of about 89% in the same period.

Generally, the crypto market recovery lifted several tokens out of a downtrend. However, COMP maintained a sideways movement for most of last week. As the new week unfolds, COMP has embarked on price action that might add a fee unit to its current price.

While it’s too early to call the top, there are assumptions that the uptrend might last for the rest of the week.

Overall, the outlook of COMP is a mix of optimism and pessimism. It maintains high liquidity, and its RSI remains neutral. Similarly, recent trends show that its 10-day and 20-day EMA are bullish. Hence, investors should watch the token for the possibility of short-term returns.

However, its long-term moving average still leads to its current price. Thus, the chance of a protracted bullish run might be cut short by offloading in the long run. In the meantime, COMP should be on investors’ watchlist, primarily as the fourth quarter draws toward its close.

3. TG.Casino (TGC)

The growing adoption of The Telegram platform is opening doors for broader utility. Several Apps and bots have been integrated into the platform to widen its utility. A more recent trend on the platform is the introduction of crypto-based apps and bots.

TG.Casino is an example of a crypto-based platform that’s leveraging the Telegram environment. The name TG is an acronym that derives from Telegram. The aim is to redefine the way smartphones interact with online casinos. According to its website, TG.Casino curates hundreds of games for users to play within the Telegram social media environment.

What’s even more interesting is that users can play the games without having to set up accounts, undergo KYC verification, or undergo any other complex processes. It is said to blend seamlessly with the Telegram experience.

Additionally, TG.The casino is currently offering an opportunity for investors to benefit from the multimillion-dollar crypto casino industry. The industry is valued at over $250 million, and it is said to be one of the fastest growing. With over 80% of crypto casinos happening on mobile, TGC is one of the best ways to get involved in the sector.

At press time, investors can buy TGC for as low as $0.1375. It is set to increase in 9 days. The goal is to raise $2.5 million, and the community has reached $1.4 million. While they’re at it, the price is designed to remain inflationary, meaning investors who join later will pay more.

Presale Update: Moving forward the presale price will increase incrementally based on a timer. The first price increase will happen soon, so there is no better time than now to get $TGC at the lowest possible price! ⏰

See community TG for details, info in bio.👆 pic.twitter.com/wZjxMnH2bG

— TG Casino (@TGCasino_) October 14, 2023

Ultimately, projects like TG.Casinos are paving the way for the future of online crypto casinos. It’s best to own the token before the sector reaches its full potential.

Visit TG.Casino Presales.

4. Polygon (MATIC)

Is MATIC regaining its spot as one of the next cryptocurrencies to explode? Today’s market is coming off as a pointer to the potential of Polygon. MATIC has been on a consolidation trend for the last 45 days until the recently completed week. Hence, in the new week, we might be seeing some uptrend in the price action of the token. Currently, it’s pushing its way above its 50-day EMA and might soon be testing long-term moving averages.

There’s been an increase of about 6% in the price of MATIC in the last 24 hours and 9% in the last seven days. With that improving sentiment in the crypto sector, the token could attain the $6 breakout before the end of the month. However, the likelihood of the speculated $1 price might be far-reaching at the mention as the overall activities in the MATIC ecosystem are currently declining.

Moreover, the current price of MATIC is below its 200-day moving average, and its performance lags the majority of top-performing cryptocurrencies. Even so, it does not deter the prospect of explosive growth as the bullish potential is reflected in its RSI value.

5. THORChain (RUNE)

THORChain maintains its feat as one of the best-performing cryptocurrencies with 24 high gains of 7%. Its trading volume also recorded an increase of about 80% in the last 24 hours. Even though the crypto industry fell into a protracted decline last month, RUNE held its ground with performance that places it ahead of over 81% of the cryptocurrencies in the market.

With the return of normalcy to the crypto sector, the chance that RUNE would reach $2 becomes more imminent. Hence, it’s safe to say that RUNE is one of the cryptocurrencies to explode, and investors should pay close attention to its trends.

The current price of THORChain continues to lead its long-term moving average. Thus, RUNE can sustain its uptrend as projected. Furthermore, its relative strength index is maintained at 54, a neural position.

L1 Swaps, Savers, Lending delivered.

Soon:
– memoless transactions (swap from any wallet)
– orderbooks (set a buy/sell limit order)
– perps (3-100x long any L1 asset)

Just for the start of the Bull Market. Let's get it. $RUNE

— THORChain (@THORChain) October 22, 2023

THORChain’s consistent improvement may also be one of the catalysts that will help it push its gains even further. A tweet on its official Twitter handle indicates that a few optimization moves are in the pipeline, the release of which might boast the performance of the asset.

Nonetheless, investors watching RUNE should take note of a few downsides. While the token is responding well to the uptrend in the crypto market, it has only recorded 13 green days in the last 30 days.