{"id":559287,"date":"2024-08-01T07:42:09","date_gmt":"2024-08-01T07:42:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=559287"},"modified":"2024-08-01T07:42:09","modified_gmt":"2024-08-01T07:42:09","slug":"next-cryptocurrency-to-explode-wednesday-july-31-stellar-ait-protocol-xrp-skale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-wednesday-july-31-stellar-ait-protocol-xrp-skale","title":{"rendered":"Next cryptocurrency to Explode Wednesday, July 31 \u2014 Stellar, AIT Protocol, XRP, SKALE"},"content":{"rendered":"

The altcoin sector is gaining attention, and various parts of the crypto world are seeing a resurgence in demand. Similarly, Metaverse tokens are picking up speed, hinting at an upcoming bull run and signaling the potential start of an altseason.<\/span><\/p>\n

With expectations of a bull market, altcoins are poised for significant gains this week. Analysts think this might produce more <\/span>explosive performance<\/span><\/a> for meme coins, too. However, Bitcoin’s dominance has overall gone up this year, showing that the market is mixed.<\/span><\/p>\n

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

Attention in the crypto market in the coming month will be directed toward altcoins and meme coins as the market anticipates a bull run. Investors can capitalize on the moment and take a position in upcoming tokens like the 99Bitcoins token. 99Bitcoins token’s transition from the ERC-20 to the BRC20 token standard enables developers to create a new token standard. This post covers the details of its presale.<\/span><\/p>\n

1. Stellar (XLM)<\/b><\/h3>\n

Today, XLM has seen a notable rise of over 4.6%, reaching $0.1 per token. This increased interest is also reflected in a sharp rise in trading volumes. According to CoinGlass data, XLM trades have surged by more than 140% in the past day, totaling $91.8 million. Including data from the spot market, the total turnover of XLM in the last day exceeds $160 million.<\/span><\/p>\n

Often referred to as XRP’s rival, XLM was initially conceived by Jed McCaleb, who left Ripple and the development of XRPL to create a decentralized ecosystem for cross-border transfers. Thus, Stellar and the XLM token were introduced, with the market viewing XLM as a beta for XRP’s price action.<\/span><\/p>\n

\"Stellar<\/p>\n

Stellar’s recent performance indicates signs of price recovery after trading near its historical low this year. With the crypto market’s recent positive trends, the token might continue to rise. Investor involvement in the Stellar token has surged, suggesting a possible price increase soon. This positive sentiment is evident in the Relative Strength Index (RSI), which recently moved into overbought territory at 60 after a prolonged period in the neutral zone around 50.<\/span><\/p>\n

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it's only up from here https:\/\/t.co\/TYWFw0y5dL<\/a><\/p>\n

— Stellar (@StellarOrg) July 25, 2024<\/a><\/p><\/blockquote>\n