{"id":429433,"date":"2023-08-13T18:33:31","date_gmt":"2023-08-13T18:33:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=429433"},"modified":"2023-08-13T18:33:31","modified_gmt":"2023-08-13T18:33:31","slug":"next-cryptocurrency-to-explode-sunday-august-13-arweave-algorand-solana","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-sunday-august-13-arweave-algorand-solana","title":{"rendered":"Next Cryptocurrency to Explode Sunday, August 13 – Arweave, Algorand, Solana"},"content":{"rendered":"

What are the <\/span>next cryptocurrencies to explode<\/a>? As the market launches into the new week, the most significant advantage of spotting exploding cryptocurrencies is that traders profit immensely from the price action. <\/span><\/p>\n

Today’s review highlights some trending cryptocurrencies and their performance in the market so far. <\/span><\/p>\n

The impressive output of these tokens in the last 24 hours shows they are not far from explosive gains. <\/span><\/p>\n

Next Cryptocurrency to Explode<\/span><\/strong><\/h3>\n

Also, the article includes what can be described as upcoming cryptocurrencies to explode. One token that fits such a description is the native cryptocurrency of the yPredict project. <\/span><\/p>\n

The team behind the project and its presale output show that it might be up to a big start, and investors should look closer at the token. The market may be about to welcome the next penny crypto to explode. <\/span><\/p>\n

1. GMX (GMX)<\/span><\/strong><\/h3>\n

GMX is on the rise. Could this be the moment the <\/span>GMX stalls its fall<\/span><\/a> and swings back into recovery? GMX has been tending downward since it reached an all-time high of $91. <\/span><\/p>\n

However, recent trends on the GMX chart reveal that it might be time investors take the token more seriously. <\/span><\/p>\n

GMX is the native token of the GMX platform. It is the governance token of the popular decentralized perpetual exchange, GMX. With the platform, liquidity providers earn fees from the various services provided.<\/span><\/p>\n

\"GMX<\/p>\n

Currently, GMX has a price of $ 46.72 with an intra-day increase of over 4%. Similarly, a trading volume was valued at $ 33.84M in the last 24 hours. Its performance in the said period puts the token on the list of top gainers today. <\/span><\/p>\n

Furthermore, one of the factors that might make GMX intriguing to traders and investors is that it is currently outperforming over 86% of the top-ranking cryptocurrencies in the market.<\/span><\/p>\n

However, before adding GMX to the watch list, there might be a few downsides to note. Firstly, there may be a death cross in the future as the asset’s current price is very much below its 200-day moving average.<\/span><\/p>\n

With that, bear pressure might force rejection at prices higher than its current value. Furthermore, it’s had less than 15 green days in the last 30 days. Invariably, it might be best to monitor the trend closely before deciding. <\/span><\/p>\n

2. Algorand (ALGO)<\/span><\/strong><\/h3>\n

ALGO is rebuilding its reputation as one of the cryptocurrencies to watch. Following its price decline that’s lasted for almost a year now, the recent performance of the token is serving a new standard and expectations among investors.<\/span><\/p>\n

Its performance in the last 24 hours further strengthened its up trend, bringing its price to $0.1157. The token is getting close to its $0.12 rejection zone. <\/span><\/p>\n

It might be time to closely monitor the <\/span>ALGO in the coming weeks to see its price direction<\/span><\/a>. If the bulls finally overcome the resistance, the token might experience a spike pushing its price up to $0.1157. <\/span><\/p>\n

\n

Introducing: Folks Router 🛣️<\/p>\n

Our In-House DEX Aggregator.<\/p>\n

Leveraging @Algorand<\/a>'s high-performance capabilities, the Folks Router combines and optimizes liquidity of existing DEXs, facilitating a more efficient trading experience.https:\/\/t.co\/X1BDXcQjui<\/a><\/p>\n

— Folks Finance (@FolksFinance) August 11, 2023<\/a><\/p><\/blockquote>\n