{"id":565058,"date":"2024-08-15T12:28:16","date_gmt":"2024-08-15T12:28:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=565058"},"modified":"2024-08-15T12:27:54","modified_gmt":"2024-08-15T12:27:54","slug":"next-cryptocurrency-to-explode-thursday-august-15-threshold-euler-biconomy-flare","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-thursday-august-15-threshold-euler-biconomy-flare","title":{"rendered":"`Next Cryptocurrency to Explode Thursday, August 15 \u2014 Threshold, Euler, Biconomy, Flare"},"content":{"rendered":"

Cryptocurrency prices have been fluctuating for a while, and the overall feeling in the market is bearish. Bitcoin (BTC) is struggling to get back to $60K and above, and Ethereum (ETH) is striving to stabilize at $2,700.<\/span><\/p>\n

However, identifying the <\/span>next cryptocurrencies to explode<\/a> might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify coins with some potential and inform investors and traders about each token. <\/span><\/p>\n

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

Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Pepe Unchained, a new Pepe-themed meme coin launched on its Ethereum Layer 2 blockchain. Within minutes, it attracted over $150,000 in investments. The details of its presale and the performance of the top-performing cryptos today are shared below.<\/span><\/p>\n

1. Threshold (T)<\/b><\/h3>\n

The Threshold Network provides advanced cryptographic tools specifically designed for dApps. These tools address critical privacy, security, and interoperability challenges. Users enjoy features like proxy re-encryption (PRE), threshold signatures (TSS), random beacon (RB), and distributed key generation (DKG). Together, these tools enable secure cross-chain interactions, safe data sharing, and controlled access to user data<\/span><\/p>\n

In the short term, Threshold recorded a 6.25% increase in the last 24 hours and a 28.34% rise over the past week. Its Relative Strength Index (RSI) is a promising 53.61, and the token is trading above its 200-day Simple Moving Average (SMA), indicating positive momentum. With 11 green days in the past 30 days, Threshold is shaping up as a potentially profitable investment.<\/span><\/p>\n

\"Threshold<\/p>\n

One key application of Threshold is tBTC. tBTC is a tokenized version of Bitcoin that operates without custodians and allows holders to use DeFi privately and with a lower risk of censorship. The T token also plays an essential role in staking and node operations, which are crucial for the network’s efficiency and security.<\/span><\/p>\n

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tBTC just became the most important asset in DeFi.<\/p>\n

You can swap from wBTC to tBTC: https:\/\/t.co\/ikKhyyyrtk<\/a><\/p>\n

And redeem it back to native BTC for safekeeping (or continue to use tBTC as DeFi collateral): https:\/\/t.co\/WTaHt0PmOc<\/a> https:\/\/t.co\/pWu5JkYijV<\/a><\/p>\n

— Threshold Network ✜ (@TheTNetwork) August 10, 2024<\/a><\/p><\/blockquote>\n