The cryptocurrency market has suffered a dip in the past 24 hours. At $985.4 billion, its total cap has sunk by 5.5% in the 24 hours. This follows drops in stock markets, which remain spooked by continuing aggressive interest rate hikes. Still, the more the market falls through no fault of its own, the more its due for a big comeback. As such, this article collects the the 5 next cryptocurrency to explode. This includes established major coins and newer alts.
5 Next Cryptocurrency to Explode
1. Battle Infinity (IBAT)
IBAT is down by 0.9% in 24 hours, at $0.00421638. This represents an 18% fall in the past week, and a 24% drop since reaching an all-time high of $0.00554060 eight days ago.
Given how new IBAT is, it could easily enjoy a big rally in the near future. This is suggested by the fact that it quickly attracted listings since selling out its presale in early August. It first became tradable on August 17th, via PancakeSwap. LBANK Exchange has also listed it more recently, as well as DEX Coin98. More listings are due soon, all of which will provide it with the liquidity to witness further gains.
If #Coin98Exchange is a glorious galaxy 💫, these are 5 new stars that shines recently✨✨
We’re glad to welcome $SNFTS $TINU $IBAT $ALPHA $LUCK
Trading easily? ➡️ Trading on https://t.co/G4R41zTuvU 💰💰 pic.twitter.com/u4Z4c7NsJ4
— Coin98 Exchange (@coin98_exchange) September 4, 2022
Running on Binance Smart Chain, Battle Infinity is a sports-themed gaming metaverse. Still under development, it will feature a variety of NFT-based games, including the IBAT Premier League. The latter will enable players tp build their own fantasy sports teams made up of NFTs of real-life athletes. Said teams will compete against each other, with winners receiving crypto-based rewards.
In time, Battle Infinity will also grow to incorporate other crypto and NFT-based games. On top of this, it will also involve competitive staking feature, its own DEX, and an NFT marketplace. This will likely create a thriving and busy ecosystem, which is why IBAT is one of our 5 next cryptocurrency to explode.
2. Ethereum (ETH)
ETH has fallen by 8% in the past 24 hours, dropping to $1,519. It’s also down by 0.6% in a week and by 10.5% in a month.
ETH’s indicators reflect its topsy-turvy recent performance. Its relative strength index (in purple) is just under 50, suggesting neither oversold nor overbought conditions. That said, its 30-day moving average (in red) remains below its 200-day average (in blue), suggesting that a bounce is overdue.
There’s a very good chance that this bounce could come soon, giving the imminent arrival of the Merge. Having successfully merged the final testnet (Goerli) in mid-August, developers are now looking at September 15 as the likely date when Ethereum will shift to proof-of-stake. In fact, co-founder Vitalik Buterin recently gave a timeframe of between September 13-15, now that the Bellatrix update has successfully gone live.
The merge is still expected to happen around Sep 13-15. What’s happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important though – make sure to update your clients!
— vitalik.eth (@VitalikButerin) September 6, 2022
Not only will the Merge provide ETH with a short-term boost, but will enable the coin to become a deflationary cryptocurrency. Due to staking, the circulating supply of ETH will shrink, while staking rewards will be smaller than mining rewards. This is why it’s one of our 5 next cryptocurrency to explode.
3. Tamadoge (TAMA)
Based on Ethereum, TAMA is the native token of the pet-themed Tamadoge metaverse. It’s here that users will soon be able to mint NFT-based pets, nurture them and battle them against each other.
Its presale kicked off in early August, and is due to end in the coming days. Investors can purchase TAMA tokens via its official website in exchange for either ETH or USDT. Impressively, the sale has already raised $12 million, comfortably outstripping its original target of $2 million.
🚨 NEW MILESTONE ACHIEVED BY THE #TAMADOGEARMY 🚨 🔥WE HAVE NOW RAISED $12 MILLION DOLLARS🔥 ⏰ YES! -WE ARE SELLING OUT FAST! DON’T MISS OUT ⏰ GRAB SOME $TAMA NOW AT https://t.co/K7zmR7vWmR pic.twitter.com/KXCUqY2Hus
— TAMADOGE (@Tamadogecoin) September 6, 2022
TAMA has unusually strong fundamentals for a meme token. This because of its gaming metaverse, which offers play-to-earn features, with players able to battle their Tamadoge pets and earn rewards for doing so. On top of this, they can also sell their NFT-based Tamadoges on the secondary market, offering real potential for significant profits.
TAMA has also confirmed its first exchange listing, which will be on LBANK once its presale ends. Given that it hasn’t even finished its presale yet, this is good going, as is the fact that Tamadoge already has over 53,000 followers on Twitter.
Join the #presale now and be ahead of the game 😎
Reminder: We already confirmed LBank listing after the presale, is it worth getting in early? You do the math 👀🔣
Grab some $TAMA now at https://t.co/8e6aPKHhGC and brace yourself for a nice ride 🦾 pic.twitter.com/0tRG9K1Lwi
— TAMADOGE (@Tamadogecoin) August 21, 2022
4. Lido DAO (LDO)
At $1.84, LDO has fallen by 14.5% in a day. Despite being a 3% rise in a week, it also equals a 25% drop in a month.
LDO’s indicators have plummeted. From being nearly 70 a couple of days, its relative strength index has dropped to 40. This is a wild turnaround, and it suggests that traders are overselling it out of a sense of fear.
Despite yesterday’s drop, LDO has been one of the best-performing top-100 coins of the past 90 days. This is because Lido happens to be one of the biggest multi-chain staking platforms in crypto, with Ethereum’s move to PoS resulting in more demand for Lido’s services. In fact, it’s the largest staking platform for Ethereum staking, so it’s going to benefit significantly from the Merge.
1/ @LidoFinance represents the largest liquid staking derivative (LSD) provider of any protocol on @ethereum, with over 4.1MM staked $ETH.
But Lido isn’t stopping there…
Let’s explore how Lido aims to expand dominance by expanding to @optimismFND and @arbitrum. 🧵 pic.twitter.com/0t9PbwbVkH
— Messari (@MessariCrypto) August 22, 2022
On top of this, Lido is also launching staked ethereum (stETH) — a derivative crypto that is issued when people stake ETH on Ethereum’s new Beacon Chain — on layer-two chains, such as Argent. This ability to deploy stETH on layer-two networks will be very useful to traders who want to use the altcoin for DeFi purposes. By extension, it will inevitably increase usage of Lido’s network, which has already become the second-biggest DeFi protocol in the market in terms of total value locked ($7 billion).
Lido is launching stETH on Layer 2 🏝️
Ethereum is scaling, and so is Lido.
Lido stakers will soon be able to use their stETH assets in DeFi on Layer 2.
Read more about it here: https://t.co/QCsQry4V41
— Lido (@LidoFinance) July 18, 2022
5. Bitcoin (BTC)
BTC has dropped by 5.5% in the past 24 hours, descending to $18,792. This is a 5% fall in a week, and a 19% decline in 30 days.
BTC is so undervalued right now it’s arguably ridiculous. Its RSI has dropped to 30, indicating overselling. Likewise, its 30-day average being below its 200-day suggests that it has to rally again sometime soon.
BTC’s fundamentals are numerous. Not only are its deflationary tokenomics and highly secure network two of its biggest strengths, but it continues to attract interest from financial institutions. A large number of banks have rolled out bitcoin custody or brokerage services to date, while massive asset manager BlackRock launched its own private bitcoin fund last month.
Such developments suggest that the ground is being prepared for a big bitcoin bull market in the not-too distant future. This is why it’s one of our 5 next cryptocurrency to explode.
Your capital is at risk.