{"id":431501,"date":"2023-08-20T19:04:51","date_gmt":"2023-08-20T19:04:51","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=431501"},"modified":"2023-08-20T19:04:51","modified_gmt":"2023-08-20T19:04:51","slug":"next-cryptocurrency-to-explode-sunday-20-august-sui-chimpzee-maker","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-sunday-20-august-sui-chimpzee-maker","title":{"rendered":"Next Cryptocurrency to Explode Sunday, 20 August – SUI, Chimpzee, Maker"},"content":{"rendered":"

Finding the next crypto to explode is a never-ending task; that’s why today’s article provides a quick overview of the performance of promising tokens in the last 24 hours. Are there crypto coins that are primed to become the <\/span>next cryptocurrencies to explode<\/a>? <\/span><\/p>\n

In this review, we’ll take you through the crypto market and explore the trend of selected tokens in the last 24 hours. The goal is to spot pointers that might show if these tokens are on the explosive growth path.<\/span><\/p>\n

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

While the review focuses on cryptocurrencies’ daily performance, it still considers several other fundamentals. Therefore, care has been taken to analyze each coin featured below comprehensively. Furthermore, the review is not limited to cryptocurrencies that are already listed on exchanges. It also includes upcoming projects with the prospect of impressive growth. With that said, investors are invited to journey with us across the market as we explore the <\/span>next cryptocurrencies to explode.<\/p>\n

1. Fantom (FTM)<\/b><\/h3>\n

Fantom raked in explosive gains early this morning, pumping its price by nearly 3%. The sudden increase in the asset’s price comes as a surprise amid the declining price of crypto assets across the board. It’s even more surprising when the overall performance of FTM in the last 30 days is factored into the analysis. <\/span><\/p>\n

FTM’s price has recently declined for many days of the month, falling from $2.5 to $0.19. However, today’s gains may have opened the path to an upwards trend for the falling token. In the last 24 hours, FTM has seen a price boost, increasing its price to $0.22. <\/span><\/p>\n

\"Fantom<\/p>\n

While the bearish pressure still rages on, Fantom investors and the crypto market may watch for a change in the crypto trend. According to the data obtained from its chart, its RSI across several time frames reveals that the token is more primed for an uptrend, and the bars might receive a pushback from the bulls in the new week. Now might be the best time to <\/span>buy the FTM token <\/span><\/a>before it swings into an uptrend. <\/span><\/p>\n

Even FTM bulls are yet to make moves, as indicated by the moving averages; the moves might be expected any time soon. The trend of the early hours of today suggests that the bulls are already picking interest in the token. FTM will likely become the next penny crypto to explode in the coming week. <\/span><\/p>\n

2. Maker (MKR)<\/b><\/h3>\n

Will Maker swing back into the explosive growth path? The maker has earned a name for itself as one of the biggest gains in crypto this year, as the cryptocurrency pulled in over 100% gain in less than 90 days.  <\/span><\/p>\n

A post on Maker’s official Twitter hand reveals that the platform has recently printed some impressive numbers. <\/span><\/p>\n

MKR was on its way to having an explosive Q3 before the bearish market of Thursday hit, sending the token’s price tumbling by nearly 10%. <\/span><\/p>\n

\"Maker<\/p>\n

MKR may be back on its uptrend; this time, it might become the <\/span>next big crypto to explode.  Its chart reveals that it has cleared the resistance at $1091, and nothing stops it from reaching as far up as $1300. <\/span><\/p>\n

Again, it’s best to note that MKR’s relative strength index recently moved away from the oversold range, meaning that the token will still be able to maintain an up trend for a while. Similarly, the signals from its price analysis indicate a bullish signal as the 10-day ema remains above the 200-day ema. The coming week might see MKR pushing for more gains.<\/span><\/p>\n

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Maker Protocol and DAI weekly metrics are out!<\/p>\n

Stay up-to-date with the latest numbers for the Maker Protocol and DAI in a smooth presentation.<\/p>\n

Here are the graphs from this week<\/p>\n

↓<\/p>\n

— Maker (@MakerDAO) August 18, 2023<\/a><\/p><\/blockquote>\n