Next Cryptocurrency to Explode Tuesday 18 July - yPredict, Hedera, Gala

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The World Bank President, Ajay Banga, said on Monday that the world’s economy is in a difficult position but will not remain there. Banga spoke on the sideline of a G20 meeting in India. He emphasized that the world’s economy has outperformed what many thought in this phase. But this does not mean that there will not be other challenges ahead.

In June, the World Bank cut back on its economic growth forecast 2024. The forecast was reduced from 2.7% to 2.4% due to global monetary tightening policies.

Stocks in Asia continued to fall on Tuesday after investors’ sentiment was heavily weighed. China’s soft economic report and the lack of stimulus are the main factors responsible for the slide. Investors are also waiting for the retail sales report from the US to know the Feds’ next policy move.

While the effect of corporate debts is starting to be felt in US homes, the crypto market slid on Tuesday. The market lost more than 1% of its value. This is a significant difference from our last next cryptocurrency to explode post. The global economic pressure is been felt in every sector and may dampen investment appetite.

The Next Cryptocurrency To Explode

In as much as most investors may have financial constraints, whale activities are noticeable. Familiar crypto assets are also doing their best to gain the attention of available investors. What sustains many crypto projects at this time is their innovativeness. The more value and utility crypto platforms communicate the better they attract investments.

1. yPredict (YPRED)

The entire crypto market volatility does not affect projects still in their presale phase. This is simply because they are not listed on exchanges yet. So they are not in the very mix of the market. That is why a project like yPredict is doing excellently well with its presale.

yPredict is riding on some market waves when they are available to bolster its position. The leverage of doing this makes it the next cryptocurrency to explode. The fact that investors would like to buy into new projects at cheap rates before they get listed on exchanges is a plus. Then it also benefits from positive sentiments engineered by the nature of its project.

yPredict’s platform leverages artificial intelligence to provide crypto analytic services. It also aims to use the same tool for search engine optimization.

🚀 #YPredict is making waves in the crypto world! 🌊 With an impressive $3 million raised in presale funding and heading towards $4.5 million, it's clear that this project is set to soar!

💸 Join us for an AMA in our Telegram community today at 04:30 PM UTC and get in touch… pic.twitter.com/G4wfKJyV23

— yPredict.ai (@yPredict_ai) July 17, 2023

Basically, yPredict uses artificial intelligence and machine learning as tools to analyze crypto data. It thereby, will be able to prove price predictions based on those data. According to the project’s whitepaper, it will also provide market sentiment analysis. Furthermore, it will provide a chart pattern detector.

Apart from the crypto market analytic tools, yPredict also developed a backlink estimator. The estimator is powered by artificial intelligence. With that, it helps users predict the best backlink that will rank their keywords. yPredict stated via a tweet that using the backlink estimator will cost users $99. But it stated further that those who participate in the presale will have lifetime access to the estimator for free.

The tweet generated more interest in the presale which has raised more than $3 million. The presale is in its penultimate stage and inviting more investors. This is the best time to buy it at the discounted price of $0.1.

Visit yPredict.

2. Hedera (HBAR)

Hedera is providing an alternative to blockchain technology. This innovation and its recent landmark achievements make it the next cryptocurrency to explode. Hedera joined the gainers’ list once again on Tuesday with 3.30% as the market tries to push forward.

Part of the recent developments around the Hedera network is its recent integration with MetaMask. This brings an opportunity for MetaMask users to have access to Hedera decentralized apps. While preparing for the integration, Hedera will make some provisions. This includes support for wallets and applications enabled by JSON-RPC.

The updates on Hedera include the ability to transfer HBAR tokens to 0x accounts and from it. It also includes better usability via improved token association. Other features are improved MetaMask connectivity, as well as Ethereum Virtual Machine tooling compatibility.

The most popular Ethereum wallet, MetaMask, will now let its users interact freely with Hedera. The decentralized finance platform has shared some of the intricate details via its website.

Furthermore, Hedera is an active participant in facilitating global remittances. It does this by implementing a distributed ledger technology. The platform has also just entered a collaboration with some financial institutions to achieve this. These institutions include SCB TechX, Shinhan Bank, and a few others. Hedera Hashgraph got the proof-of-concept pilot to aid stablecoin remittances.

The financial institutions entered the collaboration to leverage Hedera’s fast and eco-friendly open-source network. Hedera established real-time settlement during the pilot phase. It also integrated foreign exchange rates in real-time for three countries. These are Thailand, Taiwan, and South Korea.

The proof-of-concept technology is also compatible with the Ethereum Virtual Machine. This will let stablecoin issuers who use the Ethereum Virtual Machine to utilize the framework.

As of the time of this report, HBAR sells at $0.054. Its trading volume is up by 151% over the last 24 hours.

3. Gala (GALA)

GALA is another fantastic token doing well in the crypto market on Tuesday. It started off the morning being up by 5.20%. The token displays sufficient attributes of the next cryptocurrency to explode with its steadiness. One of the factors probably responsible for its rise is the declaration from the blockchain’s President.

Gala Games blockchain President, Jason Brink, said Gala has a secret sauce. This, he said, lies in its ability to deliver games to its Web3 community. He also clarified that GALA is not just a metaverse token according to misconceptions.

The GALA token rose while virtual reality and other metaverse projects were rising. The token is, however, much more than that. The project’s main focus, as he said, is to deliver real games. It also wants to provide engaging and immersive experiences for users.

Brink added that user experience is another factor that stands Gala apart from others. The team knows that user-centric UIs and interesting games are needed for mass adoption. Gala is planning to be one of the top 25 projects with regards to creative output and utility, Brink added.

Apart from games, Brink said Gala has made important strides in other entertainment. The project made its debut in music and film with many films in the making. There are also interesting developments coming up from the Gala music space soon.

GALA outperformed Bitcoin and Ethereum a while ago. The same feat may be repeated at the rate the altcoin is going.

4. ApeCoin (APE)

ApeCoin is showing renewed strength in the crypto market today. This is coming despite the wider cautious sentiment in the market. NFTs are not so much in demand as they used to be but APE is gaining momentum. This may be mainly because users still trade individual NFTs and various arts.

The APE token supports Bored Ape Yacht Club NFT collections. Both entities appeared to be each other’s driving force at the NFT peak. When the US SEC sued Coinbase and Binance for selling unregistered tokens, BAYC was not affected. The floor price of its NFTs rose at that time. They also remained consistent after the lawsuits came up.

ApeCoin did not perform well back then for unknown reasons. But it now seems like the delayed effect is over and the asset is about to run.

APE is up by 4.4% as of the time of this report. Its trading volume in the last 24 hours is over $100 million. Whereas, its market capitalization has risen above $750 million.

ApeCoin is one of the market’s huge competitors because of its NFT utility. It may find other uses before NFTs are back in season again.