{"id":426905,"date":"2023-08-04T18:05:16","date_gmt":"2023-08-04T18:05:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=426905"},"modified":"2023-08-04T18:05:16","modified_gmt":"2023-08-04T18:05:16","slug":"next-cryptocurrency-to-explode-friday-august-4-injective-ypredict-arbitrum","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-friday-august-4-injective-ypredict-arbitrum","title":{"rendered":"Next Cryptocurrency to Explode Friday, August 4 – Injective, yPredict, Arbitrum"},"content":{"rendered":"

The dilemma in the crypto market could be confusing to investors, especially beginners. Some assets are on the rise while others are sliding into uncontrollable dip. Yet these assets are in the same category. <\/span><\/p>\n

The challenge, however, is how to spot the <\/span>next cryptocurrency to explode before it embarks on the rally. <\/span>This article answers the question. It offers a quick overview of some cryptocurrencies that might soon record explosive gains. <\/span><\/p>\n

Next Cryptocurrency to Explode<\/b><\/h3>\n

The aim is not to present a guarantee or provide an ultimate opinion about cryptocurrencies. However, it highlights key performances that show that the tokens below are on the growth path. In that case, it’s best to consider further research before deciding. With that said, let’s jump right in. What are the <\/span>next crypto coins to explode? <\/span><\/p>\n

1. Optimism (OP)<\/b><\/h3>\n

Optimism has suddenly found its rally. The token is now more frequent on the list of top crypto gainers. It had some of its best green days towards the end of last month. It also brought momentum into the new month by successfully conquering its $1.5 resistance. <\/span><\/p>\n

At press time, OP is trading closer to its $1.74 resistance and is attempting to break above the zone. If OP successfully conquers the resistance, we might be looking at a $1.8 stop or as far as $2.1.  <\/span><\/p>\n

\"Optimism<\/p>\n

On the flip side, OP RSI indicates that the token is oversold. Therefore it might see a quick retrace back to around $1.6 before it moves back on its rally.<\/span><\/p>\n

Some other positive facts to remember is that OP currently trends at a price much higher than its 200-days moving averages. Also, its market cap has been growing consistently over the past weeks, showing that the token’s liquidity is favorable. Consequently, there’s much likelihood that investors will find OP more attractive.<\/span><\/p>\n

The platform is putting a lot of improvements in place to remain competitive. Details shared on its Twitter handle highlights some fundamental changes. <\/span><\/p>\n

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Introducing contracts-ts: a frontend oriented NPM package for tinkerers.<\/p>\n

This is a typescript package for developers who want to build interfaces and tools close to the OP Stack smart contracts.https:\/\/t.co\/Ex8jpmSbaQ<\/a><\/p>\n

— OP Labs (@OPLabsPBC) August 4, 2023<\/a><\/p><\/blockquote>\n