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Next Cryptocurrency to Explode Tuesday 27 June –   yPredict, Blur, dYdX

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The crypto market is doing significantly well today as its total volume is up by more than 10% over our last next cryptocurrency to explode report. The issue has not been so much about the crypto market as it were but the focus has been on the global financial system. 

Wall Street is now threading cautiously although it is rebounding from its latest streak of losses. Investors are especially cautious around stocks like Tesla’s following its huge rally. They are worried about the possibility of a sudden jerk downward.

Oil prices have also dipped while the market waits for the release of key US stock data. Whereas, the Chinese are trying to stop their growing inflation rate with interest rate hikes.

For now, it is inevitable for the crypto market to have some parity with stock markets but crypto must fight its way out of the woods too. While traders and investors look to maximize their profits, cryptocurrencies are also showing how worthy they are of those investments.

The Next Cryptocurrency To Explode

A lot more crypto assets are on the gaining side than they were for the past week. Investors are displaying a better appetite for these assets. An observer may see it from either of two perspectives; either they have more loose funds or they are trying to store the value of the little they have. Either way, it shows investors have a heightened trust in the crypto market to secure their funds.

The few assets we will examine here show how strongly the market is going. It also points investors in the right way from the proper perspective so informed investment decisions can be made.

1. yPredict (YPRED)

yPredict’s presale has now entered its 6th stage. The project has also successfully raised more than $2.6 million while it sells at $0.09. The success of this project is so impressive that investors are seeing beyond the current presale and far into its future possibilities. As a result of this, there are currently more than 20,000 people on the waitlist.

yPredict, for the benefit of those seeing it for the first time, is a pioneering analytic platform for cryptocurrencies and crypto assets. The platform is on a special mission to use artificial intelligence to change the way traders interpret crypto data. With artificial intelligence, yPredict is going to provide objective forecasts and well-analyzed insights on many coins and tokens.

Furthermore, it offers important information on market trends, investor sentiments, price charts, and lots more.

yPredict is doing so well that it has also gained the attention of wolves as much as it did investors and other good players. The platform had to announce recently via its Twitter account that its platform users should be cautious. It also advised that they follow and interact only with the official Twitter page, @ypredict_ai.

Investors who are yet to invest in yPredict have a chance while the presale is still on and before the price increases. There are a total of 8 stages and the presale is currently on the 6th, so hurry up.

Visit yPredict.

2. Bitcoin Cash (BCH)

The Bitcoin offshoot, Bitcoin Cash, has been going through a massive revival lately. The token’s trackers have risen to the levels they were in May 2021 during the bull run. 

Bitcoin Cash (BCH) had its price doubling last week, according to on-chain data. It, therefore, became one of the highest-performing tokens with more than a billion dollar market capitalization. Reports showed that BCH’s open interest rose to more than $400 million from just $75 million within a week. Most of those interests came from the Binance crypto exchange. It was where traders opened long and short BCH positions worth $240 million.

When open interests rise, it means that there is either new money coming into the market or the existing players are increasing their stakes. The indicator can be used to state the direction of the market sentiment or to determine the strength of the price movement.

BCH_1D_graph_coinmarketcap

The two main catalysts of the BCH increased interest is a network upgrade and listing on an influential exchange. The Bitcoin Cash network went through a major hard fork that improved the strength of its security, as well as the privacy of its network. This led to the introduction of what it calls “Cash Tokens.” it is a scaling system to enable developers to build their decentralized apps on Bitcoin Cash’s blockchain.

Another step that was taken included introducing smaller transactions. The idea of this is to improve transaction speed. It also introduced smart contracts that let apps based on Bitcoin Cash offer recurrent payments. It also lets them offer crowdfunding opportunities, derivatives, and other things.

BCH has risen to its highest level in 3 years and as expected, it drew the attention of traders. Traders who are yet to benefit from the current trend should take advantage of the opportunity to invest now.

3. dYdX (DYDX)

dYdX is giving the feeling of the next cryptocurrency to explode today. It is presently up by 2.47%. One of the factors immediately responsible for this development is the network’s introduction of its V4. It is set to revolutionalize the decentralized finance space with the 4th version and redefine the entire landscape.

dYdX’s trading volume has been reported to surpass the trading volumes of other leading decentralized finance exchanges. This could also let the compete with centralized exchanges. However, its volume is yet to beat that of exchanges like OKX, Binance, Bybit, and Bitget.  

DYDX_1D_graph_coinmarketcap

dYdX is ambitious with its V4 and plans to bring its goals of delivering good user experience and blockchain products to reality. 

This development has contributed to bringing more investment interest in the way of the dYdX platform. When the V4 is fully integrated, it will further increase the utility of the platform’s native token, DYDX, such that it be useful across different platforms that are compatible with dYdX.

4. Blur (BLUR)

Blur is an NFT marketplace and its native token is BLUR. The token became the lead gainer among gainers in the crypto market today with 20.46%. The token suddenly jerked up in the last 24 hours. The cryptocurrency has now jumped from the 110th position to the 99th on CoinMarketCap. Its market capitalization is now worth $280 million with a trading volume of $349 million in the last 24 hours, according to CoinMarketCap.

The sudden rise came when BLUR had its 24-hour trading volume jumping by more than 1100% as it beat the $100 million benchmark. The token was one of those negatively affected when the US SEC cracked down on Coinbase and Binance on the 5th of June.

BLUR_1D_graph_coinmarketcap

Nevertheless, BLUR is currently trading at $0.425. Blockchain analytics show that BLUR holders have now increased by 0.34% to take their total number to 41,779. DappRadar reported that Blur NFT’s marketplace volume has increased by 68% in the last 24 hours. It rose to $20.9 million in that amount of time. The number of traders on the marketplace also rose by 23.5%. There are now 3950 unique traders on the marketplace. 

Blur is now the lead NFT marketplace as it has $2670 as the average for the collectibles on the marketplace, according to DappRadar. 

These striking statistics are what came together to shoot up the price suddenly. As mentioned above, investor appetite for the BLUR asset is rising. Investors who would like to tap into the growing movement should buy BLUR now. 

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