Next Cryptocurrency to Explode Thursday 22 June - yPredict, Gala, EOS

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Much of the crypto market is thriving in the green zone today on the back of many economic indices. Many crypto projects are coming up with new innovations and updates that would make their platform a lot easier for users. Some of them include ApeCoin which consolidated on its update to stage a rally on Wednesday.

Another factor still influencing the crypto market is the myriad of activities playing out on the global financial scene. Jerome Powell’s testimony that indicated that there are more interest rate hikes to come sent US stocks into shock. Whereas, the same news bolstered the Asian stock market.

Bitcoin and other market-leading tokens began to react to Powell’s testimony within minutes of his delivery. The market at large soon followed suit.

Stocks in the UK are, however, still waiting on the Bank of England to give a clear direction to the economy. The general public expects the bank to raise rates but it is still counting the costs. Reflecting on the economic situation, Germany’s DIHK has referred to Brexit as an economic disaster for both Britain and Germany. The German body blames the growing inflation on both sides on Brexit.

This is probably the right time for investors everywhere to leapfrog fully into crypto for all the reasons around them. Those facing high inflation should invest as a hedge against it. While those with loose cash should do the same now that they have enough funds to go around.

The Next Cryptocurrency To Explode

While economic factors play their roles, investors too are on top of their game. Whale activities have been noticed around assets like Ethereum and Cardano recently. Bitcoin also rose over $30,000 over the last 24 hours partly as a result of whale activities.

The Bitcoin success is one that especially got the crypto market ecstatic after crossing the $30,000 mark. Investors in all categories will now express their confidence in diversifying more into other asset classes as the market is bouncing back forcefully. The next cryptocurrency to explode may be a lot in the next few days.

1. yPredict (YPRED)

yPredict is at the 6th stage of its presale and it has now raised more than $2.5 million while selling at $0.09.

The yPredict project began its presale weeks ago and much of it has been in the middle of a market downtime. It can be difficult for investors to put their funds into any investment when the market is volatile. Howbeit, seasoned investors realize that such is the time when they can get the full potential of new projects. yPredict has now generated a lot of buzz and market observers might be wondering when it achieved this.

Although new, yPredict has helped investors to make smart decisions. Now it is only gaining more attention and attracting more investments.

The yPredict platform remains committed to its goal of using blockchain technology and its power to offer a secure and transparent predictive market. It is built on Ethereum’s blockchain and it has its operational native token, YPRED.

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The main objective is to give users an alternative means to the prediction market different from the traditional ones. This will be achieved through a decentralized platform and harnessing the power of smart contracts. Through yPredict, users will be able to create their own prediction markets and also participate in others. These prediction markets can cover any topic they desire and want to discuss.

The platform has a Social Trading feature that lets users see the trade of other traders and make them replicate those trades if they wish to. With this feature, less experienced traders can follow the leading of expert traders and learn from them as they go.

Therefore, yPredict will democratize the prediction market and give leverage to less experienced crypto traders to learn while trading. It also makes sure there is security and integrity on the platform.

yPredict’s website has recently undergone an overhaul that improves the user experience. It also introduces newer features that bring the platform’s promises to reality. Investors have a shot to invest now before the price rises at the next stage.

Visit yPredict.

2. Gala (GALA)

Gala, the gaming ecosystem master is the next cryptocurrency to explode. The platform’s native token, GALA, is part of the top gainers on CoinMarketCap and leading by a good margin. GALA is up by 8.93% and currently selling at $0.02662.

The Gala platform’s native cryptocurrency, GALA, has been described as its lifeblood. It is the utility token that serves as the fuel for everything done in the Gala Game World. The token uses advanced cryptography for its security and it is uniquely used within the Gala ecosystem. With the GALA token, users have complete control of the ecosystem.

As it has been pushed up by the market now, investors may want to ride on the wind and get some GALA tokens for themselves. Investing in the next big cryptocurrency to explode at this stage will ensure good returns for investors in the days to come. This is further guaranteed by the recent advances in the gaming world. Other gaming projects like Axie Infinity and Decentraland have raked in multi-million dollar profits since they launched. Gala is positioning to get the same result.

3. Shiba Inu (SHIB)

The next cryptocurrency to explode is Shiba Inu. Having survived the dark moments, the token, SHIB, rose again in the market as a force to reckon with. It rose by 9.91% and now sells at $0.000008404.

While this played out SHIB whales entered a massive accumulation phase. The inflow into the wallets of the largest SHIB coin holders was observed to contain some staggering numbers. They cumulatively hit 134.93 billion SHIB tokens as of the last count. This is worth at least $1 million. Crypto monitoring platforms say the figure was derived from an inflow of 340.16 billion SHIB tokens and an outflow of 205.23 billion SHIB tokens in the same period.

All these happened with the Shiba Inu price movement which rose up to 7.3% at a time. The price action is actually a continuation of the events that started in the past week. This was when SHIB quotes rose by over 30% after they painfully fell on the 10th of June.

The token’s price action today is at a significant level. It shows that the token has recovered by 78.6% from its bottom. It fell to that level in the early days of June.

What is worth noting is that certain SHIB holders anticipated the latest developments. This category of wallets amassed SHIB tokens to the tune of 3.77 trillion on the first day and 3.81 trillion three days later. The question has moved around whether those whales who bought SHIB tokens last week are now thinking of selling their accumulation.

Investors who are yet to get SHIB for themselves in the midst of this accumulation may consider joining the race. SHIB has always trended and it will be the next big cryptocurrency to explode again.

4. EOS (EOS)

EOS has been on the path of excitement and profitability for some weeks. Right now, it has taken its place as the next cryptocurrency to explode. It is currently up by 7.27% and selling at $0.7078. It is the view of analysts that the token’s recent price increase is due to increased transactions on its platform and higher Total Value Locked.

The platform just had a collaboration with an NFT studio, Dotgems. The partnership is geared towards celebrating active EOS projects and also unveiling an NFT series, EOS.

Importantly, EOS also released an update for its Antelope Leap 3.1. It ended its partnership with Bullish and Block.one. The update marks a new phase for the EOS platform as it enhances data retrieval and resource management.

This will inevitably draw more investment to EOS and increase its token utility.

Next Cryptocurrency To Explode 2023

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