{"id":565545,"date":"2024-08-16T14:59:06","date_gmt":"2024-08-16T14:59:06","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=565545"},"modified":"2024-08-16T14:59:03","modified_gmt":"2024-08-16T14:59:03","slug":"next-cryptocurrency-to-explode-friday-august-16-injective-sun-token-uniswap-convex-finance","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-friday-august-16-injective-sun-token-uniswap-convex-finance","title":{"rendered":"Next Cryptocurrency to Explode Friday, August 16 \u2014 Injective, Sun Token, Uniswap, Convex Finance"},"content":{"rendered":"

The altcoin market is fluctuating, but 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<\/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 The Meme Games. <\/span>The Meme Games<\/span><\/a> combines the trill of the Olympics with meme coins to give crypto enthusiasts a fun and competitive presale event. This post covers the details of its presale.<\/span><\/p>\n

1. Injective (INJ)<\/b><\/h3>\n

INJ’s price has shown a sideways trend recently, indicating weak buying and selling pressure in the cryptocurrency market. Despite this, the altcoin has risen by about 6% over the past week, even with growing bearish sentiment. Analysts have noticed a possible bullish signal despite the slight decrease.<\/span><\/p>\n

The recent breakout from a downward wedge pattern has renewed investor interest, making Injective’s current price an attractive option. If this positive outlook continues, we might see a significant increase in its value, potentially reaching new highs.<\/span><\/p>\n

\"Injective<\/p>\n

The RSI, a key technical indicator, remains close to its mid-point, suggesting weak price movement. The average trendline has also flattened, indicating uncertainty in future price action. If the market turns bullish, Injective could test a crucial resistance level of $21.35 this month. However, if bearish forces take over, the price could drop to around $15.<\/span><\/p>\n

Injective has gained considerable attention as a leading DeFi token in recent months. Trading at around $19 in December last year, its price surged in the first quarter of 2024, hitting a record high of $52 in March. Recently, it has been recognized as one of the top DeFi coins.<\/span><\/p>\n

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1\/ Injective is officially integrated with the @ton_blockchain<\/a> ecosystem, a historic moment for both communities.<\/p>\n

Now, Injective assets such as $INJ<\/a> can be bridged & utilized across TON while $TON<\/a> is also leveraged across Injective dApps.<\/p>\n

Open finance, reimagined 💎 pic.twitter.com\/Dt1r3NBBKK<\/a><\/p>\n

— Injective 🥷 (@injective) August 14, 2024<\/a><\/p><\/blockquote>\n