Next Cryptocurrency to Explode Thursday June 30 - Ethereum, Thug Life, Dash

Join Our Telegram channel to stay up to date on breaking news coverage

With rising inflation across many countries, investors are considering other options to prevent getting wiped out. The influx of funds into the crypto sector has triggered an overall recovery of various assets after the dip witnessed in the early days of the month. Generally, The DeFi sector seems to welcome the largest investments as cryptos in the liquidity and other platforms that support staking see a steady rise in value.

At press time, many assets are gaining immense value, positioning them to become the next cryptocurrency to explode. As time progresses, these assets might print values that far outperform what we’re seeing now and its best investors keep an eye on these cryptos. Best still, it might be the best time to invest in them as they are grossly underpriced.

The Next Cryptocurrency To Explode

Highlighted below are some of the assets with the highest likelihood of recording explosive growth in the coming weeks.

1. Ethereum (ETH)

It’s been a tough month for major altcoins, including Ethereum. However, the down month might not last too long as the trend is currently moving in a new direction. In the last 24 hours, Ethereum, which has been recording decimal growth in value, suddenly leaped to 2% in value.

This gain is coming after ETH has been in the red for more than 17 or 30 days. Why is the Ethereum price increasing in the last 24 hours? The answer is not far-fetched, as Ethereum is positioning itself as the next coin to explode.

Some of the reason for the recent spike stems from the Coinbase Layer-2 project that’s drawing closer to completion. With the security check for the project already done, it’s almost closing in on its mainnet launch. The project is aimed at creating additional Coinbase services across the Ethereum network.

Part of its goal is to create a Wallet as a Service (WAAS), which it says gives firms the opportunity to include crypto wallets in their digital platforms. It believes that the Layer-2 project would make transactions across the Ethereum network cheaper and more efficient. As the project gets closer to its final phase, it is likely to cause a spike in the price of ETH as the perceived value improves.

Furthermore, the much-anticipated Ethereum Dencun upgrade is likely to be a groundbreaker for the coin. ETH developers have announced that the upgrade may happen later in the year. Many analysts believe that the Dencun upgrade may perform twice as well as the Shapella upgrade.

The Shapella upgrade that occurred in April caused a spike in the price of ETH, reaching above $2100. It is expected that the Dencun upgrade would bring the price of ETH close to $4000 or even more. There is speculation that the price of ETH is grossly discounted at the moment, and we might be looking at the next Cryptocurrency to explode.

2. Dash (DASH)

The recent price movement of the DASH token remains a surprise to the investment community. What’s shocking is the seemingly insignificant improvement in price during the weeks that led to its halving event on the 23rd of the month. The expectation across the market was to see a spike in the price of the token prior to its halving.

However, contrary to general expectation, the crypto glides upwards with less than 5% gains day-on-day. Nonetheless, the threat of DASH getting delisted from the Binance platform must have reduced confidence in the coin prior to its halving.

Similarly, the crackdown from the SEC also sent chills across the market as investors took immense precautions when considering assets to invest in. Similarly, the threat of the European MICA regulation on crypto privacy also creates a stigma around privacy assets like DASH. With all those left behind, the sentiment in the market has changed dramatically.

DASH has finally picked up steam as the coin rakes in immense gains in the last 7 days. For the majority of the 48 hours, it traded sideways in an effort to consolidate its price before embarking on an upward trend. The price jumped to $38 as it saw an 11% increase in price.

With the CBDC project on the way, it is likely to see an immense price jump in cryptos in the privacy category. Coupled with a halving event that has tightened the supply of DASH, the coin is poised to be the next crypto to explode.

3. Render Token (RNDR)

Is the render token the next cryptocurrency to explode? Since the regulatory crisis of early May, many AI coins have struggled to recover from the price crunch. Render Token, for example, has spent weeks in the red, with its price falling by almost 21%. What was the celebrated crypto asset of Apple event, suddenly became one of the regular assets at the top of the loser list.

However, there seems to be a change in the trajectory of the asset as the market began recovering a few days ago. Not only is RNDR seeing a price recovery to the tune of 6%, but its daily trading volume is up by 8% in the last 24 hours. Aside from its daily performance, the coin has also seen a massive increase in whale activity around the asset in recent times. The influx of funds from the whales sends rays of hope to RNDR holders.

In the meantime, the recovery of the crypto-AI sector seems to be taking some time to materialize. However, if the sector finally picks up, there is a high chance the price of assets like RNDR will double in less than 24 hours as the utility of the coin remains pivotal to Web 3. The reason for the slow increase in RNDR value and gains is the fact that the asset appears to be ahead of its time.

After reaching an oversold position of 30 yesterday, RNDR’s Relative Strength Index jumped to 50, potentially indicating upward momentum. Similarly, its 30-day moving average stopped falling below its 200-day average, and the short-term indicator seemingly started to rise again.

4. Shiba Inu (SHIB)

In the short run, Shiba Inu might appear to be a losing asset, with records of minimal gains in the last 30 days. However, the SHIB early investors are currently celebrating their wins as over 60000 addresses profited from the recent spike in value. However, analysts believe that the collective value of the assets in the addresses could sink the future of the coin if the holders decide to exit their positions.

Nonetheless, investors looking to enter the SHIB may wait to buy the dip. Most speculative investors in the coin are likely to exit in the coming weeks, which will result in a price drop. However, the staking option, Shiba Inu Bury, will act as a buffer to prevent a total value drain. The recovery that follows the imminent deep is likely to put another round of explosive profit in the hands of investors that get in when it’s down. However, there’s a need to proceed with caution as SHIB is notorious for high volatility.

5. Thug Life (THUG)

Thug Life is one of the latest presales in cryptocurrency, with the potential to become the next King of Memes. It focuses on promoting the lifestyle of nonconformity and the freedom of living life the way it’s best for individuals. In an effort to make this real, it created the Thug Life platform, where memecoin lovers can thrive in the company of other degen investors.

Currently, Thug Life is working towards raising presale funds of $2,058,000, after which it will go on exchanges. What’s interesting is that it’s raising the fund in one stretch run without breaking it into stages, as is common among presales. Throughout the presale rounds, the price of THUG will remain at $0.0007.

https://twitter.com/thug_life_token/status/1674402987572117507

Memecoin enthusiasts should scoop up as much of the coin as possible, as THUG is already showing the marks of a winner as a result of its presale performance. That price is likely to go up multiple times as soon as it hits the market. In less than four days of presale, THUG has successfully climbed into $153,000 in presale funds. It shows the commitment of its community towards supporting the drive towards its target.

Visit Thug Life presale.