The cryptocurrency market has surged after a mini-dip yesterday. At $2.09 trillion, the total cap is up just over 1% in the past 24 hours. Most major coins have risen along with it, although there is some variability in profits. This article takes a look at some of the most notable of them, along with a few newer altcoins. It lists the following 5 cryptocurrencies that will explode, with a focus on coins with good potential in both the long and short term.
5 Next Cryptocurrency To Explode
1. Lucky Block (BLLOCK)
LBLOCK is up again today, up 11% in the last 24 hours. At $0.00741547, it is up just over 200% in a week and over 400% in two weeks.
LBLOCK hit a new all-time high of $0.00757855 a few hours ago. Having become tradable just over two weeks ago, it is clearly one of the largest movers on the market right now.
LBLOCK is based on Binance Smart Chain and is the native token of the Lucky Block lottery platform. It recently garnered 32,000 holders, while also announcing the upcoming beta version of its app, which will be fully launched on March 21.
1/ 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 beta test version of the app will now be released on 07.03.2022. pic.twitter.com/P9bEVQkXhF
— Lucky Block (@luckyblockcoin) February 14, 2022
LBLOCK works by enabling holders to participate in Lucky Block lottery draws. The first draw will take place on March 25, 2022 and already has a fund of over $5 million. Ticket holders have a chance to win 70% of each lottery’s jackpot fund, while 10% of the fund is split equally among all LBLOCK holders.
📢Important Notice Concerning @LBank_Exchange list!
Be sure to join our telegram and be the first to know about future announcements!
👉 https://t.co/4MigxHlmDP pic.twitter.com/a0xM7tKQgM
— 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 to hit new all-time highs in the coming weeks. This is why we chose it as one of the next 5 cryptocurrencies to explode.
2. Bitcoin (BTC)
BTC is essentially flat today and is up 0.7% in the past 24 hours. At $44,226, it was also flat in the past week, but is up 14% in the past two weeks.
BTC’s chart suggests that it has turned a corner after a few months of slump. The 30-day moving average (in red) formed a golden cross with the 200-day moving average (in blue) a few days ago, signaling a new uptrend. Similarly, the Relative Strength Index (RSI) remained above 60 for much of February, indicating a good degree of momentum.
Despite BTC starting the year weak, some analysts remain optimistic about the original cryptocurrency. Most notably, research firm FSInsight released an investor note early this month that predicts that BTC will end up at about $200,000 by 2022. Likewise, Bloomberg analyst Mike McGlone continues to claim it will rise to $100,000 this year.
$100,000 #Bitcoin$50 #Oil$2,000 #Gold† 2022 5-Chart Outlook – Commodity spikes and falling long-term government bond yields point to the risk of a resurgence of deflationary forces in 2022, positively impacting Bitcoin and gold. pic.twitter.com/j3VNAOCwuz
— Mike McGlone (@mikemcglone11) December 9, 2021
As the largest cryptocurrency in the market, BTC continues to lead the latter through its ups and downs. It also accounts for approximately $67.4 billion in institutional investment, more than any other currency. So while it may not promise ridiculous gains at this stage in its life, it remains a relatively safe bet if you think the market will rise again soon enough.
3. Avalanche (AVAX)
AVAX is up 9.5% in the past 24 hours to $95.58. It is also up 10% in the past week and 30% in the past 14 days.
AVAX’s indicators indicate that it has just started a major rally. The RSI has exploded above 70. Meanwhile, the 30-day moving average is just above the 200-day moving average. Given that it had fallen quite hard in recent months, this could be the start of a strong recovery.
Avalanche is now the fourth largest blockchain in terms of total locked-in value. With this figure currently standing at $11.1 billion, it is up just over 450% since the beginning of September.
Avalanche has grown largely because it is a more scalable alternative to Ethereum. Thanks in large part to its use of a proof-of-stake consensus mechanism, it is also a greener alternative as Ethereum (currently) uses proof-of-work.
#Avalanche doing more with less, according to research from the Crypto Carbon Research Institute and data from @DefiLlama† Avalanche uses only 0.0028% of the energy consumed by the Ethereum network, generating $18,454 in TVL per kWh.
Read more here: https://t.co/DiNcUw9pct pic.twitter.com/QlgTfjyu5C
— Avalanche 🔺 (@avalancheavax) February 14, 2022
Such references give Avalanche a strong platform to grow further this year. So will the $230 million investment it acquired from Polychain and Three Arrows Capital in September, which will help it fund its further development. This is why it is one of our next 5 cryptocurrencies to explode.
4. Decentralized Country (MANA)
At $3.31, MANA is up 8% in the last 24 hours. And while it’s down 5% in the past week, it’s up 22% in the past two weeks and 6% in the past month.
MANA’s RSI suggests that she too is currently experiencing a major rally. The 30-day moving average has also just formed a golden cross with its 200 days, so this could be the start of a breakout.
Regardless, MANA is still 42% lower than its all-time high of $5.85, which was reached in November. This means it will likely jump much higher as the market recovers and stabilizes.
As the original token of the blockchain-based open-world game Decentraland, MANA has recently benefited from positive news. This usually comes in the form of prominent brands and companies that have a presence in the virtual world. For example, none other than JPMorgan opened a virtual lounge in the metaverse of Decentraland a few days ago. It also released a paper underlining what it saw as the many business opportunities presented by the metaverse.
JP MORGAN IN DECENTRAL COUNTRY???
How’s that??? pic.twitter.com/gpha2ohhrf
— nathanhead.eth🏝 (@NathanHeadPhoto) February 15, 2022
This shows that Decentraland is currently one of the most promising metaverse platforms in crypto. And with Samsung also one of the other big names out there in recent weeks, it could be a very good 2022 indeed.
No license plate? There’s still time to earn it today! https://t.co/qiDrYuH71U pic.twitter.com/Ih13igZSwI
— Samsung USA (@SamsungUS) February 14, 2022
5. Neo (NEO)
NEO is another altcoin that is skyrocketing right now. It is up 11% in the past 24 hours to $24.86. This represents a 7% increase in the past week and a 24% increase in the past two weeks.
As NEO’s RSI makes abundantly clear, it is currently rallying hard. The reason? Its native platform, the layer-one blockchain Neo, has announced that it is partnering with China’s state-backed Blockchain Service Network. As a partner, it will provide infrastructure services to the BSN, which plans to create its own permission chain called Jiuquan.
We are pleased to announce that @Neo_Blockchain becomes a framework provider on the BSN DDC!
Now users can digitize and automate asset management through smart NEO contracts.
🤔Guess which blockchain framework will be next? https://t.co/758UyNaY3w
— Social Security (@bsnbase) February 15, 2022
It’s this kind of partnership that can give Neo the kind of exposure and publicity it’s been missing for a while. And with NEO still 87% at its all-time high of $198.38 in January 2018, it could indeed rise sharply. This is why it is one of our next 5 cryptocurrencies to explode.
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This post 5 Next Cryptocurrency Explodes February 2022 Week 3 was first published at https://insidebitcoins.com/news/5-next-cryptocurrency-to-explode-february-2022-week-3