Next Cryptocurrency to Explode Wednesday, August 2 – Maker, XRP20, Render Token

Today’s article is targeted toward helping investors and traders identify the next big opportunities in the crypto market. While there are no guaranteed ways to predict the future of any crypto asset, there are metrics that identify high-performing tokens. 

We put much effort into analyzing the cryptocurrency market to identify assets that might soon swing into explosive growth. 

Hence, the tokens below meet the criteria and may soon swing into explosive gains. But, it is essential to conduct personal research before making any business or investment decisions. 

Next Cryptocurrency to Explode

In the meantime, today’s market performance seems fair. However, there’s still a need to stay safe. Opting for low-risk assets at reduced prices could be a viable option. In that case, penny cryptocurrencies with a high likelihood of becoming the upcoming cryptos to explode might be a good choice. Today’s update features a mix of these coin categories and others. 

1. Maker (MKR)

The MKR token is currently experiencing a pump. Being the native token of the revolutionary MakerDAO, MKR has seen a significant surge in price in the last 30 days. Its current price of $1318 is trading slightly above the $1300 resistance. 

With the resistance out of the way, MKR has only two options: it may ride the trend toward explosive growth until it reaches $1500 or retrace down to $1150. The data from its charts shows that the token is more primed for its up trend. Ultimately, it might swing into a momentary decline later in the week.

However, the likelihood of MKR reaching as high as $1500 is high at its current pace. Chances are that Maker might become the next big cryptocurrency. One of the key factors fueling its explosive growth is the community’s approval of the EDSR proposal. The favorable vote increases the appeal of the Maker staking program. 

The new DSR implies that there’ll be an increase in the interest rate that users earn from locked DAI. The proposal’s implementation moves the rate from 1% to 3.3%. With that, there’s a higher probability that users will lock more DAI in the system to take in more passive earnings. Hence, MKR holders can expect an uptrend in the asset price as demands increase.

2. XRP20 (XRP20) 

XRP20 is a new crypto project that investors should keep an eye on. The crypto community witnessed the Pepe2.0 wins. Also, several other tokens followed the trend with varying degrees of wins. 

Now, it’s the turn of XRP20. The project launched its presale to provide a second chance for those who missed out on the XRP trends in 2014. 

https://twitter.com/XRP20_coin/status/1686339872955457536

In retrospect, 2014 was the year the legacy token, XRP, saw a massive rally that took its price from $0.0028 to $3.84 in less than 24 months. 

According to the XRP20 presale page, investors can now witness the XRP legacy token moment again. However, only holders of XRP20 tokens stand a chance to benefit from the impending rise of the platform. 

Currently, the token goes for $0.000092, and over $119,887 has been raised in its presale rounds. It implies that hundreds of investors are already on track to taking advantage of the early bird offer. The plan is to launch the platform as soon as the presale funds exceed $1.850 million, which is the targeted softcap. 

Moreover, the project also features sound tokenomics, which includes burns and deflationary measures. 

Visit XRP20 presale 

3. XDC Network (XDC)

XDC is also on the growth path that might push its price into an explosive rally. At press time, XDC leads the gainers list on CoinMarketCap with an intraday increase of over 15%. 

Besides its price pump, the token has also seen a significant increase in trading volume, indicating growing confidence in the asset. 

Furthermore, the token has seen an increase of over 136%, Y2D, making it one of the biggest crypto gainers, outperforming the market by almost 3x. 

Its explosive trend is not limited to recent price movements alone. It’s built up its trend over time as it has remained in the greens for most of the last 30 days. 

Also, its price at press time is far ahead of its 200-day EMA. With that, it’s unlikely that XDC see a price drain anytime soon, coupled with the fact that the token recently conquered the $0.06 resistance zone. 

At its current pace, XDC is on its way to $0.07, and if the rally persists, it might see a touch of $0.1 before the end of the quarter. Ultimately, XDC is one of the best penny cryptos to buy now. But, it’s best to be aware that XDC is notorious for high volatility. Therefore, the price might fluctuate widely along the way. 

4. Conflux (CFX)

Expectations remain high for the acclaimed Chinese Ethereum. Following the announcement of its partnership with Chinese telecom companies, the CFX’s price kicked into a massive rally. 

However, the project’s failure to attract enough interest from Chinese investors quickly sent its price down the hills. Also, the crypto market downturn of June inflicted further damage on its cost, pushing it as far down as 

But CFX is making a comeback that traders won’t want to ignore. The token is currently trading much closer to its $0.18 resistance. A break out at this point might push the price above the $0.2 price zone or even further. The likelihood of this breakout became imminent today. 

The trading volume of CFX received an intraday boost of over 30%. At the same time, sustained increases in trading volume might ignite social interest in the asset, which will drive up demand and, invariably, its price. It is best to keep an eye on the asset and its charts. Conflux might be the next cryptocurrency to explode.

Render Token (RNDR) 

Render Token’s explosive growth in the early parts of the year saw a quick decline after the much anticipated Apple partnership didn’t go as expected. Also, the overall underperformance of the crypto AI sector may have resulted in the loss of interest in the RNDR. 

The result was a protracted price decline. But, from the look of things, RNDR may have found the support it needs to reverse its decline. The token started a consolidation trend last week when it traded at about $1.7 for about seven days. 

Going into the new week is gradually climbing into an upward trend. And within the timeframe, it has tested the $1.8 resistance twice in a break-out attempt. 

Even though the crypto market is not ready to accept an RNDR above the $1.7 mark, its chart seems to say otherwise. 

The current price is firmly above its 200-day EMA, meaning traders can expect more upward trends in RNDR price, leading to an explosive increase. 

However, investors should also expect resistance at the $2.0 price and above. Also, the volatility of RNDR is relatively high. It might also affect the price action of the token in the long run. In the meantime, it might be safe to say that RNDR might be the next crypto coin to explode.

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