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The cryptocurrency market has risen after a mini-dip yesterday. At $2.09 trillion, its total cap is up by just over 1% in the past 24 hours. Most major coins have risen along with it, although there is some variability in increases. This article looks at some of the most notable of them, along with a few newer altcoins. It lists the 5 next cryptocurrency to explode, with a focus on coins that have good long-term as well as short-term potential.
۵ Next Cryptocurrency to Explode
۱. Lucky Block (LBLOCK)
LBLOCK is up again today, by 11% in the past 24 hours. At $0.00741547, it has risen by just over 200% in a week and by over 400% in a fortnight.
LBLOCK set a new record high, of $0.00757855, only a couple of hours ago. Having become tradable just over two weeks ago, it’s clearly one of the biggest movers right now in the market.
Based on Binance Smart Chain, LBLOCK is the native token of the Lucky Block lottery platform. It has recently racked up 32,000 holders, while it has also announced the forthcoming release of the beta version of its app, due for full launch on March 21.
۱/ Dear Lucky Block Army,
Many of you have been asking about the Beta Testing for the Lucky Block App and we have an important announcement to share.
The release of the beta testing version of the app will now take place on 07.03.2022. pic.twitter.com/P9bEVQkXhF
— Lucky Block (@luckyblockcoin) February 14, 2022
LBLOCK works by enabling holders to enter Lucky Block lottery draws. The first such draw takes place on March 25th, 2022, and already boasts a fund of over $5 million. Ticket holders have the chance to win 70% of each lottery’s jackpot fund, while 10% of the fund will be shared equally among all LBLOCK holders.
📢 Important announcement regarding @LBank_Exchange listing! 📢
Make sure you join our telegram and be first to know about future announcements! 🔥
— Lucky Block (@luckyblockcoin) February 7, 2022
Currently, investors can trade LBLOCK on PancakeSwap and on the LBANK Exchange. And with more listings planned for the future, it could continue setting new all-time highs in the coming weeks. This is why we’ve chosen it as one of 5 next cryptocurrency to explode.
۲. Bitcoin (BTC)
BTC is basically flat today, having risen by 0.7% in the past 24 hours. At $44,226, it’s also flat in the past week but up by 14% in the past fortnight.
BTC’s chart suggests that it may have turned a corner after a couple of months spent slumping. Its 30-day average (in red) formed a golden cross with 200-day average (in blue) a few days ago, signalling a new uptrend. Likewise, its relative strength index (RSI) has spent much of February above 60, indicating a good degree of momentum.
Despite BTC having a weak start to the year, some analysts remain bullish for the original cryptocurrency. Most notably, research firm FSInsight released an investor note at the start of this month predicting that BTC will end 2022 at around $200,000. Likewise, Bloomberg analyst Mike McGlone continues to argue that it will rise to $100,000 this year.
$۱۰۰,۰۰۰ #Bitcoin, $۵۰ #Oil, $۲,۰۰۰ #Gold? ۲۰۲۲ Outlook in 5 Charts – Peaking commodities and the declining yield on the Treasury long bond point to risks of reviving deflationary forces in 2022, with positive ramifications on Bitcoin and gold. pic.twitter.com/j3VNAOCwuz
— Mike McGlone (@mikemcglone11) December 9, 2021
As the biggest cryptocurrency in the market, BTC continues to lead the latter through its peaks and troughs. It also accounts for around $۶۷.۴ billion in institutional investment, more than any other coin. So while it may not promise ridiculous gains at this stage of its life, it remains a relatively safe bet if you believe the market will rise again soon enough.
۳. Avalanche (AVAX)
AVAX is up by 9.5% in the past 24 hours, at $95.58. It’s also up by 10% in the past week and by 30% in the past 14 days.
AVAX’s indicators suggest that it has just kicked off a big rally. Its RSI has exploded beyond 70. Meanwhile, its 30-day average has just begun rising steeply above its 200-day average. Given that it had come down fairly hard in the previous couple of months, this could be the start of a strong recovery.
Avalanche is now the fourth-biggest blockchain in terms of total value locked in. With this figure currently sitting at $11.1 billion, it has risen by just over 450% since the start of September.
Avalanche has grown largely because it’s a more scalable alternative to Ethereum. Thanks largely to its use of a proof-of-stake consensus mechanism, it’s also a greener alternative, given that Ethereum (currently) uses proof-of-work.
#Avalanche does more using less, according to research by the Crypto Carbon Research Institute and data from @DefiLlama. Avalanche uses only .0028% of the energy consumed by the Ethereum network and secures $18,454 in TVL per kWh.
— Avalanche 🔺 (@avalancheavax) February 14, 2022
Such credentials provide Avalanche with a strong platform for growing further this year. So too does $۲۳۰ million investment it gained in September from Polychain and Three Arrows Capital, which will enable it to fund its ongoing development. This is why it’s one of our 5 next cryptocurrency to explode.
۴. Decentraland (MANA)
At $3.31, MANA is up by 8% in the past 24 hours. And while it’s down by 5% in the past week, it’s up by 22% in the past fortnight and by 6% in the past month.
MANA’s RSI suggests that it too is enjoying a big rally right now. Its 30-day average has also just formed a golden cross with its 200-day, so this could be the start of a breakout.
Either way, MANA is still 42% down on its record high of $5.85, set in November. This means it is likely to jump much higher as the market recovers and stabilises.
As the native token of blockchain-based open-world game Decentraland, MANA has benefited from positive news recently. This mostly comes in the form of prominent brands and companies gaining a presence in its virtual world. For instance, none other than JPMorgan opened a virtual lounge in Decentraland’s metaverse only a few days ago. It also released a paper underlining what it saw as the many business opportunities offered by the metaverse.
JP MORGAN IN DECENTRALAND???
— 🏝nathanhead.eth🏝 (@NathanHeadPhoto) February 15, 2022
This goes to show that Decentraland is one of the most promising metaverse platforms in crypto right now. And with Samsung also one of the other big names establishing a presence there in recent weeks, it could have a very good 2022 indeed.
— Samsung US (@SamsungUS) February 14, 2022
۵. Neo (NEO)
NEO is another altcoin rocketing at the moment. It’s up by 11% in the past 24 hours, at $24.86. This represents a 7% rise in the past week and a 24% rise in the past fortnight.
As NEO’s RSI makes abundantly clear, it’s rallying hard at the moment. The reason? Its native platform, the layer-one blockchain Neo, has announced it’s partnering with China’s state-backed Blockchain Service Network. As a partner, it will provide infrastructure services to the BSN, which is planning to create its own permissioned chain called Jiuquan.
🎉We are thrilled to announce that @Neo_Blockchain will be a framework provider on the BSN DDC!
Now users can digitize and automate asset management through smart contracts provided by NEO.
🤔Guess which blockchain framework will be next? https://t.co/758UyNaY3w
— BSN (@bsnbase) February 15, 2022
It’s this kind of partnership that could give Neo the kind of exposure and publicity it has missed for a while now. And with NEO still 87% on the record high of $198.38 it set back in January 2018, it could rise strongly indeed. This is why it’s one of our 5 next cryptocurrency to explode.
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