The cryptocurrency market has recovered somewhat after yesterday's sell-off. At $1.85 trillion, its total cap has increased by 5.8% in the last 24 hours. Most of the major currencies recovered along with it, including bitcoin (BTC), ethereum (ETH) and cardan (ADA). However, with the market still significantly down compared to its November peaks, there is still plenty of room to bounce back. That’s why we’ve put together a list of the 5 next cryptocurrencies to explode. This covers currencies with good short-term and long-term potential.
5 Next Cryptocurrency to Explode
1. Lucky Block (LBLOCK)
LBLOCK is up 4.4% in the last 24 hours to reach $0.00609991. Despite having dropped 16% in the past week, the altcoin is also up just over 150% in the last 14 days.
The current price of LBLOCK represents a 1,300% jump from its January 27 price when CoinGecko and other price aggregators started tracking it. Based on the Binance Smart Chain, it is the native token of the Lucky Block lottery platform. Although it was only released at the end of last month, it already amassed 38,000 holders.
Such growth is being driven by the promise of the Lucky Block platform, which will receive regular sweepstakes from March 25th. In preparation for this release, Lucky Block is about to release the beta version of their app.
1/ Dear Lucky Block Army,
Many of you have been asking about beta testing for the Lucky Block app and we have an important announcement to share.
The launch of the beta test version of the app will take place now on 07.03.2022. pic.twitter.com/P9bEVQkXhF
— Lucky Block 🤞 (@luckyblockcoin) February 14, 2022
Users can participate in Lucky Block sweepstakes by purchasing tickets using LBLOCK. Participants have a chance to win 70% of the jackpot fund of each lottery, while 10% of each fund will be split evenly among all LBLOCK holders. These tokennomics have helped the altcoin generate significant buzz, with Lucky Block itself recently declaring it the “fastest growing cryptocurrency in history”.
$LBlock is the one that grows the most #cryptocurrency in history 🔥
That's right, we hit 1 billion market cap faster than #ADA, #BNB, #ETH, #SHIB and everyone else # cryptocurrencies!
Thanks, #LuckyBlockArmy! 🚀#BSCGem #crypto #LuckyBlockHits1Billion #HODL #to the moon pic.twitter.com/7bl7DFqwMk
— Lucky Block 🤞 (@luckyblockcoin) February 21, 2022
LBLOCK is currently listed on PancakeSwap and LBANK Exchange. More listings are likely to follow, and with the coin still below $1, it looks like it has a good chance of exploding in the not-too-distant future.
2. Cardano (ADA)
At $0.928492, ADA is up nearly 10% in the last 24 hours. However, it dropped 16% last week and 21% in the last fortnight.
The ADA is down 70% compared to its all-time high of $3.09 set in September. Its relative strength index (in purple above) suggests it is regaining some momentum after several weeks of decline. Its 30-day moving average (in red) could be bottoming out from its 200-day moving average (in blue), also signaling a potential rally.
Let's review the last week in # Cardano
– Numerous partnerships
– Mainnet rollout plans
– DeFi apps are on the rise
– 3M Cardano Wallets@Milkomeda_com @MinswapDEX @anetaBTC @Astarter_Pad @AadaFinance @FlintWallet @occamDEX @TyphonWallet @COTInetwork #ADA $ADA #CardanoADA pic.twitter.com/YJcIch1Gsh
— Cardians (@Cardians_) February 7, 2022
In the long run, the ADA should have a significant rally at some point. Since deploying smart contracts in September, its native platform, Cardano, has been steadily building its DeFi ecosystem. On January 20, for example, it celebrated the launch of its first decentralized exchange, SundaeSwap.
Congratulations to @SundaeSwap at its launch today. Due to the heavy # Cardano network load, some users may wait longer for transactions to complete as a result.
This is to be expected around DEX releases and large NFT dips. Thank you for your patience during these busy times.
— Input output (@InputOutputHK) January 20, 2022
It also recorded a total amount blocked for the first time in its history. At the US$ 123.8 million, remains quite modest, although that number has increased by well over 3,000% in about a month. This points to how quickly Cardano could grow when a few more DeFi apps are released. It also shows why ADA is one of our next 5 cryptocurrencies to explode.
3. Earth (MOUNT)
LUNA is up an impressive 15% today to $57.32. That said, it's been basically flat for the last week and fortnight, while also down 18% last month.
LUNA's indicators show that it has gained strong momentum in the last few hours. Its RSI has skyrocketed to 70 while its 30-day average is about to overtake the 200-day average. This could be a trend that continues, assuming the market does not experience any macroeconomic or political shocks.
LUNA is on the mend at the moment in large part because Terra held a private sale of its stablecoin UST. Raising $1 billion, this sale will help create a bitcoin-denominated reserve for Terra, allowing it to support the value of the UST. In other words, UST has become a more stable stablecoin, while the funding round indicates how optimistic the larger investors are about Earth.
1/ The long-awaited [REDACTED] 💎3 is here!
📣 Luna Foundation Guard (LFG) closed a $1 billion private token sale to establish a $UST Forex reserve denominated in $ BTC! 📣
🧵👇
— Terra (UST) 🌍 Developed by LUNA 🌕 (@terra_money) February 22, 2022
More generally, Terra is now one of the largest DeFi ecosystems on the market, accounting for $17 billion in total locked-in value. And what makes LUNA a particularly promising altcoin is that Terra burns it whenever it spawns a new UST. Combined with a fixed supply, this easily makes LUNA one of our next 5 cryptocurrencies to explode.
4. Decentralization (MANA)
At $2.79, Mana is up 10% today. It has dropped 16% last week but has increased 31% in the last 30 days.
MANA indicators show signs that it is turning the corner. After dropping below your 200-day average a few days ago, your 30-day average is starting to rise. Likewise, its RSI rose from a healthy 30 to a healthy 60 in a matter of hours.
As the native token of the Decentraland blockchain-based open world game, MANA has been regularly enjoying good news this year. For example, JPMorgan became one of many famous brands to join Decentraland by opening a virtual lounge a week or so ago. This coincided with the release of an article in which he argued that the metaverse promises many business opportunities.
JP MORGAN IN DECENTRALIA???
Hey??? pic.twitter.com/gpha2ohhrf
— 🏝nathanhead.eth🏝 (@NathanHeadPhoto) February 15, 2022
Samsung is another big name that has joined Decentraland in recent weeks. Such interest highlights why the platform is one of the most promising metaverses in cryptocurrencies and why MANA is one of our next 5 cryptocurrencies to explode.
If you have a mission badge, show love by blowing kisses on the #837X Forest Sustainability in @decentraland to exchange it for the Valentine's Day wearable.
No badge? There's still time to win today! https://t.co/qiDrYuH71U pic.twitter.com/Ih13igZSwI
— Samsung USA (@SamsungUS) February 14, 2022
5. Ethereum (ETH)
ETH has increased by 5.5% in the last 24 hours. At $2,715, however, it is down 14% over the past week and 13% over the past 14 days.
ETH is another currency with technicians showing a potential rally. From bottoming a day ago, its RSI has jumped to 60, suggesting a rebound in momentum. At the same time, your 30-day average has stabilized and may start to catch up to your 200-day average again.
Given how fundamentally strong ETH is, this should happen sooner rather than later. It is down 44% from its record $4,878 set in November. And with the merger with Ethereum 2.0 slated for “2nd quarter of 2022”, the spring/summer period can provide a catalyst for it to reach new heights.
The move to proof-of-stake could bring a supply squeeze on ETH. Given that ETH will be needed for staking – and given that 9 million ETH is already staked on the Ethereum 2.0 smart contract – the cryptocurrency could become deflationary.
almost 9 million $ETH (~$27 billion) is now staked on #Ethereum 2.0! You can also start earning passively 💸
Leave the technical stuff to us, you're ready to go in just a few clicks. We also take care of the security of your newly acquired assets 👇https://t.co/qGVfPIqFOu pic.twitter.com/ovmh1HTyVI
— Bitstamp (@Bitstamp) January 14, 2022
When you combine that with the fact that Ethereum remains the busiest layer one blockchain and will become even busier after the merger, ETH could skyrocket later this year.
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