Next Cryptocurrency to Explode Tuesday, 5 September - yPredict, SafePal, Polygon

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In the volatile world of cryptocurrencies, the global crypto market cap currently stands at $1.04 trillion, representing a 0.75% decrease within the last day. This drop comes amidst various movements in the crypto space, as enthusiasts and investors closely monitor market dynamics.

Over the past 24 hours, the total trading volume within the cryptocurrency market has surged to an impressive $24.11 billion. This marks an 11.65% increase in trading activity. A large portion of this trading frenzy is attributed to the decentralized finance sector, which accounts for $1.83 billion, equivalent to 7.61% of the total 24-hour crypto market volume.

Stablecoins maintain their stronghold in the crypto realm, boasting a combined trading volume of $23.24 billion, a staggering 96.41% share of the entire cryptocurrency market’s 24-hour volume. These digital assets stabilize an otherwise volatile crypto landscape, often pegged to real-world currencies.

Bitcoin, the pioneer of cryptocurrencies, currently commands a dominance of 48.27%, representing a marginal decrease of 0.09% for the day. This metric fluctuates as the crypto ecosystem diversifies and evolves, reflecting investor sentiments and market dynamics. Crypto enthusiasts eagerly await further developments in this ever-evolving space.

Next Cryptocurrency to Explode

The crypto market’s recent extreme volatility has made it difficult to predict long-term events. However, the amount of trading with existing funds shows that traders still have sufficient enthusiasm.

1. yPredict (YPRED)

yPredict, the innovative platform for trading research and analysis, has been making waves in cryptocurrency. As it advances toward its official launch in September 2023, the project has reached significant milestones during its presale stages.

yPredict garnered substantial support during its ongoing presale, currently in its seventh stage. The project has raised an impressive $3.7 million out of the targeted $4,582,551.25. Each YPRED token, integral to the platform’s ecosystem, is priced at $0.1 during the presale, with plans to be listed at $0.12 upon launch. This strong backing underscores the community’s enthusiasm for the platform’s mission.

🎉 The Countdown Begins! 🚀

Hold onto your crypto hats, because the official yPredict Twitter page is on the verge of hitting 21K followers! 🌟 We're just 21 followers away at 20,979. 🎈

To our amazing community, your support and love have brought us here. 🙏💙

Stay tuned as… pic.twitter.com/b18agREHIJ

— yPredict.ai (@yPredict_ai) September 5, 2023

While specific dates have yet to be officially confirmed, the official launch of yPredict.ai is slated for September 2023. This launch holds great promise for the cryptocurrency and trading communities, as yPredict aims to revolutionize how traders access and analyze financial data.

YPRED is extending a warm invitation to its presale buyers to participate in the WriteMingle Beta Test Program. The first 100 buyers have been offered a coveted Early Bird Lifetime Subscription. At the same time, all YPRED presale participants will continue to enjoy free access to WriteMingle even after the beta program ends. This gesture underscores yPredict’s commitment to its early supporters.

yPredict is a cutting-edge platform that unites AI/ML experts, financial quants, and traders to provide data-driven insights, empowering users to make more informed trading decisions. The platform offers various analytical tools and platforms that leverage alternative data sources to deliver state-of-the-art financial predictions.

The platform equips users with data-driven insights and proven analytical metrics, enhancing their trading capabilities. It also boasts a prediction marketplace where financial data scientists can offer their predictive models as a subscription service.

Financial data scientists can sell their model predictions seamlessly, eliminating the need for complex trading operations or market searches. yPredict equally bridges the gap between intricate financial markets and traders, offering reliable information for confident decision-making. Traders can make well-informed trading decisions thanks to the data-driven insights provided by yPredict.ai.

The YPRED token lies at the heart of the yPredict ecosystem and is built on the Polygon Matic chain. It offers valuable utilities and staking opportunities for token holders.

YPRED token holders can utilize their tokens to analyze various coins and access data-driven insights and metrics for informed trading decisions. Through the yPredict Marketplace, YPRED tokens can be used to subscribe to predictive models offered by financial data scientists, granting access to their valuable trading signals and predictions.

The token holders can vote on the yPredict Marketplace, contributing to the platform’s decision-making processes. These tokens can also be staked in high APY% staking pools, offering a unique approach where liquidity is derived from 10% of each new user’s YPRED deposit, unlike traditional staking pools with fixed liquidity.

As the official launch date of yPredict.ai draws near, the cryptocurrency and trading communities eagerly anticipate the platform’s innovative offerings and the transformative potential it holds for traders and investors worldwide. Stay tuned for more updates as yPredict continues to make waves in the crypto space.

Visit yPredict.

2. SafePal (SFP)

The SFP token associated with the SafePal crypto wallet has recently experienced a notable uptrend. The latest move is primarily driven by its collaboration with the Klaytn blockchain to develop a physical crypto wallet. This positive development has propelled the token’s value, bringing it close to breaking into the top 100 cryptocurrencies.

This encouraging news followed SafePal’s announcement of a significant upgrade to its S1 wallet. SafePal CEO Veronica Wong expressed the company’s commitment to providing secure, accessible, and cost-effective non-custodial solutions, emphasizing their role in advancing Web3 adoption. She stated, “We are thrilled to provide Klaytn users with a unique memory on-chain and utility in the physical world via the enhanced security of cold storage for assets.”

Market analysts have varying short-term price predictions for SafePal’s SFP token. CoinCodex foresees a drop to $0.5312 by September 8, then a recovery to $0.6303 by October 3. Their technical analysis is neutral, with 18 indicators signaling bullish trends and 12 indicating bearish ones.

DigitalCoinPrice predicts SafePal will reach $1.11 by the end of the year, while Bitnation anticipates it will trade at $0.8214. PricePrediction.net offers a more conservative estimate, projecting SFP to be $0.51 in 2023.

SafePal has experienced a mixed year in 2023. It initially traded above $0.50 in late January and early February before a decline. The situation worsened in June following legal actions by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase, along with Crypto.com’s suspension of its American institutional arm. On June 10, SFP dropped to $0.306. However, the token recovered, with the Klaytn partnership announcement leading to a rally in August. On Monday, SFP was valued at approximately $0.55, with 500 million SFP tokens in circulation, representing the total supply. This gave SafePal a market capitalization of approximately $275 million, ranking it as the 102nd-largest cryptocurrency by market capitalization.

It gained 5.38% on Tuesday to reach a market capitalization of over $290 million. Its trading volume in the 24 hours is also over $5.8 million.

SafePal, established in 2018 by crypto entrepreneur Veronica Wong, supports a range of crypto wallets, offering hardware and software solutions for secure cryptocurrency storage. SafePal introduced its eponymous crypto token in early 2021, which operates on the Binance (BNB) blockchain. Users of SafePal wallets can conveniently manage their crypto holdings through a dedicated app.

3. Polygon (MATIC)

Polygon (MATIC) is breaking free from its prolonged bearish trend in today’s market, with a current trading price of $0.56, marking a noteworthy 2.69% surge over the past 24 hours. This upswing in Polygon’s trajectory suggests a potential turnaround, especially considering its performance over the last seven days.

The resurgence of Polygon can be attributed mainly to its recent collaboration with Casio, a renowned electronics manufacturer poised to introduce non-fungible tokens (NFTs) for its iconic G-Shock watches on the Layer 2 scaling solution. The introduction of the G-Shock NFT creator pass is set to provide innovators exclusive access to a dedicated Discord channel for the project.

According to the update, approximately 15,000 NFT-based G-Shock creator passes will be available for claim starting September 23. The distribution process for the G-Shock NFT passes will occur in different stages. Casio customers with a Casio ID can participate in the pre-distribution phase from September 23 to 26. Subsequently, the general public can participate in the NFT distribution phase from September 26 to 29.

Casio has emphasized simplicity and inclusivity as the primary objectives behind the G-Shock NFT pass, underscoring their choice of Polygon as the preferred blockchain for this venture.

Thanks to its expanding ecosystem, Polygon is well-positioned for further upward momentum soon. Over the past year, Polygon has gained favor among institutions entering the broader Web3 ecosystem to launch their NFT engagement initiatives. With this growing acceptance of Polygon, the demand for MATIC is expected to rise in the short term, exerting upward pressure on its price. It’s worth noting that Polygon is trading at approximately 81% below its all-time high (ATH), indicating substantial potential for accommodating the anticipated growth within its ecosystem, driven by a series of strategic partnerships across various sectors.

4. Dogecoin (DOGE)

Following the recent downturn in the cryptocurrency market, Dogecoin (DOGE) is displaying promising indications of a market resurgence. As one of the prominent meme coins within the cryptocurrency landscape, Dogecoin has garnered significant attention, including from notable figures such as Elon Musk.

Presently, Dogecoin is on an upward trajectory. It has gained 1.21% over the last 24 hours and sells at $0.06. The current trend leads experts to anticipate an imminent bullish rally. Technical analysis reveals active green lines, suggesting the potential for an impending bull run.

Furthermore, a projection from Digitalcoinprice suggests that Dogecoin is poised to reach an average price of $0.12 by the year’s end. With the prospect of a bull run on the horizon, the likelihood of this forecast materializing is substantial.