{"id":563821,"date":"2024-08-12T17:55:15","date_gmt":"2024-08-12T17:55:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=563821"},"modified":"2024-08-12T17:55:08","modified_gmt":"2024-08-12T17:55:08","slug":"next-cryptocurrency-to-explode-monday-august-12-unus-sed-leo-curve-dao-token-golem-sui","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-monday-august-12-unus-sed-leo-curve-dao-token-golem-sui","title":{"rendered":"Next Cryptocurrency to Explode Monday, August 12 \u2014 UNUS SED LEO, Curve DAO Token, Golem, Sui"},"content":{"rendered":"

The altcoin market looks bullish as some coins try to bounce back. Investors need to stay alert during this consolidation phase, as it could be a chance to ride a rising trend.<\/span><\/p>\n

Institutional investors are now paying more attention to interoperability and tokenizing real-world assets. Prices of these assets are climbing, even before the market takes off entirely. The objective is to identify the <\/span>next cryptocurrencies to explode<\/span><\/a> and inform investors and traders about each token.<\/span><\/p>\n

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

Attention in the crypto market in the coming month will go toward the altcoin and meme coin sectors and making the most of the altcoin market. Hence, investors can capitalize on the moment and take a position in upcoming tokens like PlayDoge. PlayDoge is a new Doge meme coin that uses play-to-earn technology to create a gaming economy with real monetizable value. This post covers the details of its presale.<\/span><\/p>\n

1. UNUS SED LEO (LEO)<\/b><\/h3>\n

UNUS SED LEO is a utility token within the iFinex ecosystem, known for its advanced and unique features. One standout innovation is its token buyback system. iFinex uses at least 27% of its monthly revenue to repurchase LEO tokens from the open market. This strategy helps maintain the token’s value, unlike many other cryptocurrencies that depend solely on supply and demand.<\/span><\/p>\n

Furthermore, LEO’s uniqueness is closely tied to Bitfinex’s profitability and its role in improving transparency. Bitfinex dedicates a portion of its profits to buying back LEO tokens, ensuring a consistent demand. Additionally, regular token burns reduce the supply, which helps support the token’s price. This system lowers trading fees for users and boosts investor confidence.<\/span><\/p>\n

\"UNUS<\/p>\n

Currently, LEO is priced at $5.79, with a slight drop of 0.28% in the last day. Despite this, it is trading 51.04% above its 200-day Simple Moving Average (SMA) of $3.85. Over the past year, LEO’s price has increased by 45.79%, with 16 green days in the last 30 days. The 14-day Relative Strength Index (RSI) stands at 41.04, indicating a neutral market sentiment.<\/span><\/p>\n

Looking ahead to 2025, LEO shows potential due to positive regulatory trends and the increasing utility of blockchain technologies. It could reach a high of $7.80, supported by promising developments, favorable market conditions, and growing crypto adoption. The average price is expected to be around $6.40, with minor fluctuations.<\/span><\/p>\n

2. Curve DAO Token (CRV)<\/b><\/h3>\n

Curve DAO Token (CRV) is currently trading at $0.2903, with a market capitalization of $338.964 million. Over the past 24 hours, CRV’s price has increased by 15.19%, positioning it at 142 in the cryptocurrency rankings. The daily trading volume has also surged by 198.43%, reaching $149.53 million.<\/span><\/p>\n

CRV stands out due to its technological innovations. It offers efficient stablecoin liquidity provision and an automated market maker (AMM) specifically designed for stablecoins and low-slippage swaps. This system allows users to trade between assets with very low slippage, even during large trades. This makes CRV a reliable and efficient decentralized platform for trading and liquidity, especially for stablecoins.<\/span><\/p>\n

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\"Curve<\/p>\n

Moreover, CRV has formed strategic partnerships with important industry players like Yearn.finance. This decentralized finance (DeFi) platform supports farming strategies and has created the yCRV vault, allowing users to deposit CRV and earn profits. Its collaborations with Ren Protocol and Zapper further strengthen its position in the DeFi space. These partnerships expand its ecosystem, increase its influence, and support wider adoption.<\/span><\/p>\n

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The amount of CRV tokens locked in veCRV over the last 2 months just exceeded CRV emissions (token incentives) produced since Aug 13 last year, according to @0xcrv_hub<\/a> data<\/p>\n

— Curve Finance (@CurveFinance) August 9, 2024<\/a><\/p><\/blockquote>\n