{"id":426567,"date":"2023-08-03T17:46:35","date_gmt":"2023-08-03T17:46:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=426567"},"modified":"2023-08-03T17:51:35","modified_gmt":"2023-08-03T17:51:35","slug":"next-cryptocurrency-to-explode-thursday-august-3-hedera-launched-xyz-frax-share","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-thursday-august-3-hedera-launched-xyz-frax-share","title":{"rendered":"Next Cryptocurrency to Explode Thursday, August 3 – HEDERA, Launchpad XYZ, Frax Share"},"content":{"rendered":"

The promise of explosive gains often influences investors’ decisions when considering an opportunity in the cryptocurrency industry. Usually, their preferences tilt towards cryptocurrencies with the potential for massive growth. <\/span><\/p>\n

This article explores the crypto market searching for the next cryptocurrency to explode. The aim is to review these assets based on their performance and the activities across their ecosystem. <\/span><\/p>\n

Furthermore, the tokens featured below were stacked against other tokens in their categories, and they showed performances that deviated from the norms. The trends in their price show that the tokens are up to explosive price action.<\/span><\/p>\n

The findings are reported as clearly as possible to help investors understand assets that can bring impressive returns in the future. Even so, the information shared below is not intended to become a replacement for personal research.<\/span><\/p>\n

Also, the data used in the review are based on the performance of each token at press time. <\/span><\/p>\n

The investment comes with risks, and it’s vital that every investor conducts adequate research to enhance their decisions. <\/span><\/p>\n

Next Cryptocurrency to Explode<\/b><\/h2>\n

There are many options to consider when looking at crypto assets with the potential to explode. Many investors have an eye for presale tokens that might become the next penny crypto to explode, and others prefer to buy and hold. Whatever investment strategy investors embrace, it’s best to have a balanced portfolio that includes assets with the potential for short and long-term gains. <\/span><\/p>\n

1. Celo (CELO)<\/b><\/h3>\n

Celo has struggled to maintain its value for some time now, with its price continually in the red. However, <\/span>Celo recently proposed to move from a layer 1 blockchain<\/span><\/a> to operating as a layer 2 platform on the Ethereum network.<\/span>
\n<\/span><\/p>\n

Since the move was announced, the platform has enjoyed a return of activities around its price charts. As of today, the CELO trading volume says an intraday increase of over 1000%. <\/span><\/p>\n

Celo’s decision to return to Layer 2 of the Ethereum network has attracted a partnership with the tech giant Google. The company’s Cloud service has pledged to work with the Celo community to strengthen security across its ecosystem further. <\/span><\/p>\n

\"Celo<\/p>\n

The news of the partnership instilled confidence in the asset holders because the market responded positively to the CELO token. The word got out on the 2nd of August within 24 hours, and Celo’s price jumped by nearly 15%. <\/span><\/p>\n

\n

It's official––the @googlecloud<\/a> & @CeloOrg<\/a> partnership continues! 🤝<\/p>\n

Importantly, @googlecloud<\/a> is running a validator on the Celo network, helping to strengthen the network’s security. pic.twitter.com\/vTzadH8t1d<\/a><\/p>\n

— Celo 🦇 🌳 (@Celo) August 2, 2023<\/a><\/p><\/blockquote>\n