Next Cryptocurrency to Explode Monday 29 May – Love Hate Inu, Bitcoin, PancakeSwap

The crypto market is doing amazingly well today Monday after last week’s good performance. Since the last next cryptocurrency to explode post, the market rose again. The currency market index shows the general crypto market is doing outstandingly well. The market capitalization has risen to $1.17 trillion in the last 24 hours. This means a 2.61% increase in the market capitalization in the last day.

The market also did a $32.22 billion transaction volume in the same period. That is a 56.24% increase in transaction volumes in 24 hours. Within these figures, the decentralized finance sector has a $2.09 billion transaction volume. That amounts to 6.47% of the entire crypto market’s volume in 24 hours. Stablecoins now have their volume at $29.32 billion, 90.94% of the volume.

It is evident that investors are going all in. Most crypto market leaders are up again and are raising their heads as the next crypto to explode.

The Next Cryptocurrency To Explode

The regular crypto market leaders are being leaders indeed today. Bitcoin, Ethereum, Solana, and a host of others are green. This could cause an overly optimistic eye to say a bullish run is in full swing. Nevertheless, investors might want to dive into some of our picks for the next cryptocurrency to explode.

1. Sponge (SPONGE)

The first crypto asset on our next meme cryptocurrency to explode today is the Spongebob token. It is doing amazingly well on the charts as it is up by 2.50% in the day. Meme coins have been making enormous strides in recent times. The impressive part is that Spongebob (SPONGE), particularly, is taking a significant lead.

Spongebob Square Pants, the animated character, is probably the most popular sponge globally. The television series has thrilled millions of people in its over twenty years of existence. Creating a coin for the show probably also started as other meme coins started. They were generally just a joke to push an idea around. But Spongebob lovers have taken the token quite seriously. 

Information on CoinMarketCap reveals an overwhelming performance. It shows that Spongebob has risen by 307.12% in the last month. This is almost more than what most market leaders did in the same period. 

When Spongebob reaches its full potential, it might be in the top five cryptocurrencies. Investors might really want to get in now. It is literally the next cryptocurrency to explode.

2. Love Hate Inu (LHINU)

The other asset worth mentioning here after the last is Love Hate Inu. And as things look, it is posed to do better than that tomorrow and the day after. Its position as the next cryptocurrency to explode is firmly cemented.

Love Hate Inu is a meme coin too, but it’s quite unlike others. First, is a vote-to-earn cryptocurrency platform with an intrinsic value. It has a lot of innate value as it grows with a lot of potential. Because of its current phase, all its potentials remain untapped for now.

Calling all #MemeCoin Enthusiasts!?

Looking for the ultimate #MemeCoin?? #LoveHateInu is here to make you laugh but also to allow you to vote on the latest topics, trends and people!??

Start trading $LHINU today!?#CryptoCommunity #AltCoins #MemeCoins

— Love Hate Inu (@LoveHateInu) May 28, 2023

As things stand, the asset is rising beyond anyone’s thoughts. The coin got listed on the OKX exchange and that gives it an advantage. That LHINU has actual value separates it from its peers by light years. Beyond that, its listing on exchanges makes analysts predict a monumental rise this year. Some analysts right predict that it might rise as high as 3000%.

As investors should invest in assets that they trust, LHINU has shown its trustworthiness. The presale metrics should encourage more investors as it is the next meme coin to explode.

3. DeeLance (DLANCE)

DeeLance token, DLANCE, is equally on presale like others above. The platform, DeeLance, is the first ever Web3 freelancers’ marketplace. But the asset has shown tremendous success in its presale so far while getting a push from investors. This makes it the next big cryptocurrency to explode.

It is a platform with three major branches; a metaverse, an NFT marketplace, and a freelancing portal. For the first time, freelancers and their employers can work together on a Web3 platform. This move is so exciting because the world has largely moved toward remote work. Web3 is also the next phase of the internet, so bringing the two together now makes perfect sense.

? @bitgertbrise investment arm @Bitgertventures has made an strategic investment of $1.12M USD in @deelance_com, a freelance platform!

This investment will help #Deelance expand its services & provide more opportunities for freelancers around the world#BRISE $BRISE #Bitgert pic.twitter.com/7rjl14bVWU

— BNB Swap (@BNBSwap) May 29, 2023

As a major pioneer in this new world, DeeLancer has tapped into a multi-billion dollar well. It comes as no surprise that investors are pumping resources into the platform because they see the potential.

In addition to the DeeLance metaverse is that freelancers will be able to advertise their work there. In the same way, employers can set up their offices there where they can have interviews. This will give everybody the opportunity to be seen and it has not been done anywhere else. Deelance stage 3  presale will be ending in 2 days time. And as a smart investor, you may want to take advantage of this. 

The native cryptocurrency of this platform is DLANCE. Right now, users will be able to use other cryptocurrencies and even fiat to pay for services. However, every transaction in the metaverse will be carried out in DLANCE. Enthusiastic crypto investors are encouraged to check out DLANCE as the next cryptocurrency to explode.

4. Bitcoin (BTC)

It should be no surprise to anybody that Bitcoin is the next big cryptocurrency to explode. As a matter of fact, everyone will probably expect Bitcoin to be permanently there. But market realities have shown us that volatility can affect both high and low. The king coin suffered great hits in the bearish trend but it is still the market’s darling.

Recent activities show that more investments have poured into Bitcoin. It has gained 2.47% within the last 24 hours. Importantly, the Bitcoin market dominance has gone up by 0.02% in the same period too. The overall Bitcoin market dominance now stands at 46.62%.

Big BTC investors don’t usually do the pump-and-dump that floods the market. They rather buy for the long term and let the proceeds accumulate over time. All Bitcoin transactions are carried out directly between the dealers with intermediaries. According to the creator, the coin was created to let online transactions go without the need for financial institutions. The asset has really lived up to the creed and others have taken after it. Being the first cryptocurrency to ever go public, Bitcoin is a literal trailblazer.

The market is, therefore, optimistic about Bitcoin’s continuous assent and its being the next cryptocurrency to explode. Investors should look at the eToro space for how to get their share of tokens.

5. Ethereum (ETH)

The next crypto to explode, Ethereum, can also be found for purchase on eToro. Like Bitcoin, it has gained so much confidence in the market over the years. It has also had its share of bad times. An added advantage for the ETH token is that Ethereum’s platform plays host to many other blockchains. ETH’s compatibility with other tokens makes it serve as a bridge and keeps it relevant.

The second cryptocurrency by market capitalization has risen by 3.23% in the last 24 hours and currently has a prospect of doing much more than that.

 

If for no other reason, ETH’s track record should inspire confidence in investors that a new phase is opening up. As it usually goes, the price jumps exponentially when the bull run is in full swing. So now is the best time for would-be investors to throw in their hats to get some ETH. No doubt, it’s the next cryptocurrency to explode. 

6. Dogecoin (DOGE)

As said in the opening remarks, most leading coins in the market are performing optimally today. Dogecoin is the market’s number 8 by its market capitalization. It has managed a remarkable 1.08% increase in the last 24 hours. Whereas, its cumulative gain in the last week amounts to 0.28%. It now has a market capitalization of $10.22 billion with a 24-hour volume of $179.5 million.

In 2021 and 2022, Dogecoin was a beneficiary of the social media stunts by billionaire, Elon Musk. The tech entrepreneur used his Twitter page to promote the meme coin at every opportunity. For some other reasons too, the dog-themed coin is now the next meme coin to explode. 

First of all, the celebrity push it had has helped to inspire a lot of confidence. Investors readily DOGE for the sheer fact that Elon Musk promotes it. In the same way, DOGE has become closely associated with Twitter and there is a move on ground to make payments in DOGE. Tesla also considered receiving payment for car parts in DOGE.

The business decisions from corporate firms is getting DOGE away from the idea of just a meme coin. It is beginning to have real utility, although not yet implemented. Because it is likely that it becomes a reality any day in the future should encourage some investment. Lovers of the next cryptocurrency to explode should look for some DOGE in eToro.

7. Solana (SOL)

Solana is the next big cryptocurrency to explode. It is a platform that was designed to play host to scalable, decentralized apps. The Solana project was founded in 2017 as an open-source project and currently remains so. But the project is overseen by the Solana Foundation which has its base in Geneva, Switzerland. The blockchain, however, was built by the Solana Labs which has its base in San Francisco.

Regarding the number of transactions it can complete in a second, Solana is ahead of most others. It has also cut down transaction fees on its network lower than its closest rival, Ethereum.

Solana’s native cryptocurrency, SOL, did significantly well in 2021 when it rose by as high as 12,000%. The coin also had a market capitalization of more than $66 billion at that time. This achievement placed SOL as the fifth coin on the global cryptocurrency index. Although it is now at number 10, SOL is still doing very well in the market.

That shows that no crypto asset was strong enough to withstand the ruthlessness of the crypto bear market. SOL’s market capitalization fell to $11.71 billion in October 2022. Nevertheless, the asset is raising its head again. It has gained 1.17 in the last 24 hours and a cumulative of 0.17% in 7 days.

Taking this route again would alert sensitive investors to the potential ahead.  SOL is once again on its way to doing big things as the next cryptocurrency to explode. You might take a shot at it on the eToro space.

8. Litecoin (LTC)

Litecoin was launched in 2011 after it was forked from Bitcoin’s code base. The idea was pursued because developers who worked on Bitcoin had a major concern. Thought that Bitcoin was going to become too controlled from a central place. They also wanted a platform where it would be difficult for larger miners to have an upper hand over mining activities.

On the one hand, it was not able to stop miners with large capacities from having the upper hand. But the platform has been able to achieve full decentralization. It now has a really minable coin, as well as a P2P settlement system.

Its original mission included how to discourage largescale miners from overrunning the mining process. However, miners were able to tweak their rigs to beat the setup mechanism. They inevitably kept increasing their capacity to mine more than small-scale miners.

Like Bitcoin, Litecoin is also mined with the ASIC ming rig. Blocks in a blockchain are set up to store every transaction history. Those blocks are verified by the mining software and they are available to miners that wish to see them. Blocks are created once a miner is done verifying one. Litecoin gets a reward right after that.

There are currently 84 million units of Litecoin in circulation, while the blockchain generates new blocks every 2.5 minutes. Nevertheless, the coin’s market supply is set to reduce as time goes on so it can guide against inflation.

As the next cryptocurrency to explode, Litecoin is drawing new investments. Market players show support and trust in it because of its pedigree. You can also find an opportunity to buy some on the eToro platform.

9. Fantom (FTM)

Our next cryptocurrency to explode is Fantom (FTM). Fantom has a blockchain platform that’s smart contract enabled. The platform set out to fix the scalability, decentralization, and security problems other blockchains face. It is such that there is usually a tradeoff or alternative forgone one of them.

Experts call the simultaneous problem of those factors the trilemma. It simply means that when any blockchain focuses on any two of them, it is usually at the expense of the third.

 

The #Fantom ecosystem is expanding rapidly, with new developments occurring on a constant basis ?️#FantomInsider is glad to present you with a roundup of highlight events in the @FantomFDN ecosystem during the previous 72 hours ⏰

Check it out ??#Fantom #FTM pic.twitter.com/JJB0duMuPW

— Fantom Insider (@fantom_insider) May 27, 2023

Fantom says it is out to solve this trilemma. The route it wants to take is to improve the effectiveness of the three areas. It will equally deploy its unique proof-of-stake system called the Lachesis. It is said that Lachesis improves the functionalities of the decentralized system, aids scalability, and as well, improves security.

The Fantom network’s native cryptocurrency is FTM. This token can be deployed and utilized in a number of ways including staking. It is equally used for transaction settlements and fee payments on the platform and elsewhere. Importantly, FTM holders have the right to participate in the platform’s governance process. Holders have access to vote on important issues regarding changes the platform has to implement.

The innovation Fantom is introducing to the blockchain space is why investors see a bright future in it. This is the best time to look into the eToro token which is the next cryptocurrency to explode.

10. PancakeSwap (CAKE)

The next crypto to explode is PancakeSwap’s CAKE. It is a decentralized exchange built on the BNB platform. PancakeSwap, as opposed to other blockchains like it, did not build on Ethereum.As building on Ethereum let users get compatibility with other ERC-20 tokens and devices, BNB does the same. Users are able to effortlessly exchange BEP-20 tokens. It is the standard deployed to produce tokens on the BNB chain just like ERC-20 does on Ethereum.

Decentralized exchanges use smart contracts to let users conduct transactions directly with one another. This comes instead of having to depend on any centralized exchange, as we have seen. The assets from those decentralized exchanges are safely saved in non-custodian wallets where their security is guaranteed.

?? Cast your votes here: https://t.co/Fm8ImklvMZ

— PancakeSwap?Ev3ryone’s Favourite D3X (@PancakeSwap) May 29, 2023

Decentralized exchanges historically used order books. They are a set of databases that keep track of the orders that occur on the exchange. Some decentralized exchanges still use these order books, but a lot of them have moved on to the Automated Market Maker. This is becoming more popular among this category of exchanges because they are easy to use and they have higher liquidity. 

The native cryptocurrency of the PancakeSwap platform, CAKE, is major used as an incentive. Platform users are always incentivized over their liquidity supply on the platform.

PancakeSwap users receive incentives when they deposit their tokens and also lock up Liquidity Providers. When the reward is received, it can be further farmed on the platform. Users then receive more CAKE at the end. The blockchain platform also feature other activities such as betting. They can bet on the state of the BNB token within a given timeframe.

Likewise, it has a lottery feature component. On that plain, users have the opportunity to buy tickets to stand a chance of winning CAKE. The decentralized exchange also sells lots of NFT collectibles. There is also what it calls the “initial farm offering.” Users are able to buy new coins from upcoming projects perform they get into the public domain.

These reasons make PancakeSwap really the next cryptocurrency to explode.

11. Monero (XMR)

Monero was launched as an open-source cryptocurrency in 2014. It was brought to focus on users’ privacy so that transactions can be more secure. That is the core with which it ultimately operates. The blockchains that form the foundation of cryptocurrencies are based on public ledgers. They, by default, display the activities of users and show every transaction on the network.

Monero, however, was the first to deliberately make their configurations opaques. It conceals all details of a transaction such as the user’s identity, sender and receiver. It also conceals the amount on the transaction. Furthermore, it disguises the user’s address by different means.

Apart from the concept of it complete anonymity, its mining is quite egalitarian. It holds and enforces the principle that all miners are equal and should have equal opportunities. The platform’s developers did not hold back any stake of part of it for themselves. They depended on community support and contribution from users. They believed this would be used to develop the cryptocurrency further as the future unfolds.

Being a platform that focused on privacy from the begin, there is a guarantee that users who prioritize privacy will like it. The call for privacy has grown louder this time than ever before and it is proper for Monero to rise. Investors who value privacy and smooth transaction processes might want to give Monero a shot. It is definitely the next cryptocurrency to explode.

More crypto assets will keep doing better than they are today and investors will more options. It is, however, import to invest in crypto wisely. Seek financial advise from experts and invest just what you can afford. The crypto market is not fully out of the bear market just yet.

Read More