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The cryptocurrency market has suffered a major crash in the last 24 hours. At $985.4 billion, the total fell 5.5% in 24 hours. This follows a decline in stock markets, which has been weighed down by continued aggressive interest rate hikes. Still, every time the market crashes on its own, it’s the reason for a big comeback. As such, this article collects the 5 next cryptocurrency to explode. This includes established major coins and new alts.
5 Next Cryptocurrency Exploding
1. Battle Infinity (IBAT)
IBAT is down 0.9% in 24 hours, at $0.00421638. This represents an 18% decline over the past week, and a 24% decline since hitting 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 indicated by the fact that it quickly attracted listings after selling out the pre-sale in early August. It was first marketed on August 17 via Pancake Swap. LBANK exchange also recently listed it, as well as DEX Coin98. More details will be coming soon, all of which will give you an amount of money to witness additional benefits.
if so # Coin98 exchange It’s a glorious galaxy, these are 5 new stars that will shine soon✨✨
We are glad to welcome you. $SNFTS $ TINU $ different $ALPHA $ luck
Easy shopping? ➡️ Shopping at https://t.co/G4R41zTuvU ?? pic.twitter.com/u4Z4c7NsJ4
– Coin98 Exchange (@coin98_exchange) September 4, 2022
Running on the Binance Smart Chain, Battle Infinity is a sports-oriented game style. Still under development, it will feature a variety of NFT-based games, including the IBAT Premier League. The latter allows players tp build their own virtual sports teams composed of NFTs of real-life athletes. Spoken teams compete against each other, winners receive crypto-based prizes.
Over time, Battle Infinity will grow to include other crypto and NFT based games. On top of this, it also includes a competitive savings feature, its own DEX and NFT marketplace. This will likely create a rich and crowded ecosystem, which is why IBAT is one of our 5 Next Cryptocurrencies to Explode.
2. Ethereum (ETH)
ETH has fallen 8% in the past 24 hours, down to $1,519. It was down 0.6% for the week and 10.5% for the month.
ETH indicators reflect its recent performance. The Relative Strength Index (in purple) is still below 50, which does not indicate oversold or overbought conditions. That is, the 30-day moving average (in red) remains below the 200-day moving average (in blue), indicating that a bounce is overdue.
There is a very good chance that this merger will come soon. Having successfully integrated the last testnet (Gourley) in mid-August, Developers now see September 15 as the date Ethereum will transition 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 merger is still expected to take place around September 13-15. What’s happening today is Bellatrix’s hard fork, which sets up the merge chain*. It’s still important though – make sure you keep your customers updated!
– vitalik.eth (@VitalikButerin) September 6, 2022
The merger will not only give ETH a short-term boost, but also allow the coin to become a depreciating cryptocurrency. Due to staking, ETH distribution supply will decrease, while rewards will be lower than mining rewards. This is why it is one of the 5 next cryptocurrency to explode.
3. Tamadoge (Tama)
Based on Ethereum, TAMA is a native token of the pet-themed Tamadoge metaverse. This is where users will soon be able to spawn, raise, and battle each other’s NFT-based pets.
The pre-sale started in early August, and will end in the coming days. Investors can purchase TAMA tokens through the official website in exchange for ETH or USDT. Amazingly, the sale raised $12 million, comfortably exceeding the original $2 million target.
? A new chapter of history has been reached #TamadogiArmy ? ?We have now raised 12 million dollars? ⏰ Yes! – We are selling fast! Grab some so you don’t miss out $TAMA Now at https://t.co/K7zmR7vWmR pic.twitter.com/KXCUqY2Hus
— Tamadogecoin (@Tamadogecoin) September 6, 2022
TAMA has unusually strong fundamentals for a meme token. This is due to the game’s metaverse, which offers features for income, where players can fight with their Tamadoge pets and earn rewards for it. In addition, you can sell NFT-based Tamadoges on the secondary market, which offers a real potential for high profits.
TAMA has confirmed the first exchange listing that will happen on LBANK when the pre-sale ends. As long as it doesn’t even complete the pre-sale, that’s fine, actually Tamadog has more than 53,000 followers on Twitter.
Join him. #Presale Be now and ahead of the game ?
Reminder: We checked LBank list after pre-sale, is it worth getting in early? You do math ??
Grab a few $TAMA Now on https://t.co/8e6aPKHhGC and prepare yourself for a beautiful ride ? pic.twitter.com/0tRG9K1Lwi
— Tamadogecoin (@Tamadogecoin) August 21, 2022
Visit Tamadoge
4. Read DAO (LDO).
At $1.84, LDO fell 14.5% on the day. While it’s up 3% in a week, it’s down 25% in a month.
LDO pointers fail. The relative strength index dropped to 40 from around 70 two days ago.
Despite yesterday’s fall, LDO is one of the top 100 performing coins in the last 90 days. This is because Lido is one of the leading multi-chain blockchain platforms in crypto, and Ethereum’s move to PoS has created even more demand for Lido’s services. In fact, it is the largest stock platform for Ethereum stock, so it will benefit greatly from the merger.
1/ @LidoFinance It represents the largest liquid stacking derivative (LSD) supplier of any protocol on @ethereumOver 4.1 million shares $ETH.
But Lido doesn’t stop there…
Let’s examine how Lido aims to expand dominance @optimismFND And @arbitrum. ? pic.twitter.com/0t9PbwbVkH
– Messari (@MessariCrypto) August 22, 2022
On top of this, Lido is launching staked ethereum (stETH) – the crypto generated when people stake ETH on Ethereum’s new Beacon Chain – on layer-two chains like Argentina. This ability to deploy stETH on layer-two networks will be very useful for traders who want to use the altcoin for defiance purposes. By extension, it will inevitably increase the use of the Lido network, which is already the second largest DeFi protocol in the market by total value locked ($7 billion).
Lido stETH starts at Layer 2
Ethereum is shrinking, and so is Lidom.
Lido stakeholders will soon be able to use their stETH assets via DeFi at Layer 2.
Read more about it here: https://t.co/QCsQry4V41
— Lido (@LidoFinance) July 18, 2022
5. Bitcoin (BTC)
BTC is down 5.5% in the last 24 hours, down to $18,792. This is a 5% drop in a week and a 19% drop in 30 days.
BTC is arguably undervalued right now. Its RSI has dropped to 30, indicating its dominance. Similarly, the 30-day moving average below the 200-day suggests a rally soon.
The basics of BTC are many. Its deflationary tokenomics and highly secure network continue to attract the interest of financial institutions, not only two of its greatest strengths. A number of banks have launched bitcoin custody or brokerage services to date, with asset manager giant BlackRock launching its own private bitcoin fund last month.
Such developments indicate that the ground is being prepared for a major bitcoin bull market in the not too distant future. This is why it is one of the 5 next cryptocurrency to explode.
Your capital is at risk.
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