The market has been trending below expectations as investors watch out for the FOMC meeting on July 25 – 26. In the meantime, the bulls battle endlessly to keep the trends up. The hope of the much anticipated Q3 rally might be dashed as market sentiment now tends toward negative. In the midst of these comes the sudden decline of Bitcoin. As of press time, the price of BTC has fallen below the $30k mark. Nonetheless, some cryptocurrencies continue to outpace the trend. Much of the gains are influenced by the community around such assets and the moves towards expanding utility. Consequently, this review below outlines some of the next cryptocurrencies to explode. It also goes further to expand key indicators that show the potential uptrend of each asset. 

Next Cryptocurrency to Explode

In addition to listed assets, the list below includes an upbeat presale that’s positioned for explosive growth. Generally, cryptocurrency presales offer advantageous opportunities for hedging and portfolio. The performance of an asset at presale often points toward its potential in the market. Therefore, the article highlights the details of a major crypto that’s currently making impressive progress. 

1. Monero (XMR) 

Monero is praised as one of the big cryptocurrencies that have consistently outperformed the market. It could be the next cryptocurrency to explode. Data gathered from its charts reveals upbeat performance right now and the potential to outperform the market in the long run. There is speculation that the token is gradually charting its way to the $1k price range. However, it’s unsure how the coin might break such ground yet. With the growing interest of government institutions and institutional investors in the crypto sector, its likely platforms like Monero and its Native Asset XMR receive a boost in value. 

Monero is designed to prioritize privacy and anonymity. If the idea of Central Bank Digital Currency would hold ground, emphasis on privacy would take a front roll. That’s why Monero and platforms in its category are well-positioned for explosive trends in the future. Interestingly, the platform continues to make moves that expand the reach of its solution. For example, the platform is making moves to increase visibility in Africa through its meetup in South Africa in August. Africa is reckoned as one of the largest cryptocurrency hubs in the world. 

Calling all #crypto enthusiasts in South Africa!!!

We are hosting another #MoneroMeetUp on the 4th of August in Cape Town!

Follow this link for all the info you need:https://t.co/Y72zxUixQe

Will we see you there?#Monero #XMR #Privacy #OpenSource @monero @fluffypony pic.twitter.com/bEEiuwfZ08

— MyMonero (@MyMonero) July 19, 2023

Besides deepening its global influence, its market performance equally points to the uptick toward future gains. Its performance is better than 71% of cryptocurrencies on the market. Also, it’s one of the few assets with above 14 green days in the last 30 days. Not only that, its chart shows a cumulative gain of 14% gains in 30 days. If XMR keeps up the pace. It might easily become one of the next big cryptocurrencies to explode. 

2. Optimism (OP)

As the competition in the Ethereum layer 2 solutions intensifies, so is the fluctuation in the price of assets in the category. The OP price has rebounded between the $1.5 – $1.6 mark for a while now after the inglorious decline of the asset from $2. As the use cases of ZK stacks increase, the preference for Optimism slides into decline. However, despite the competition, both projects might be the next layer 2 solutions to explode. For some weeks now, the OP has been on an upward trend that’s repeatedly tested its resistance levels.

If the resistance at $1.6 gives way, there’s a likelihood that the rally might push the price of the token upwards of $1.9 – $2. Given that Ethereum is on its path to a major upgrade, it implies that underlying projects in its ecosystem might equally receive a boost in their activities. 

World ID & World App are now on OP Mainnet ⚪🤝🔴https://t.co/1ON8zxqurW

— Worldcoin (@worldcoin) July 20, 2023

Besides, a major move that might reinforce the confidence of the crypto community in the Optimism platform and OP token is Sam Altman’s decision to move World ID and World App from Polygon to Optimism. What’s equally notable in the said period is an increase in the trading volume of OP, with a commensurate upward movement in price.  Other activities across the Optimism platform include the proposal to implement the zero-knowledge proof systems for OP chains and RISC Zero. The upgrade aims at integrating ZKP layers, providing a more competitive advantage to Optimism. With recent development, Optimism is on track to becoming one of the next cryptocurrencies to explode. 

3. Quant (QNT) 

Is Quant the next cryptocurrency to explode? Quant has been trading sideways for the past 30 days with intermittent spikes in between. However, QNT mirrors the recent performance of BTC. Currently, QNT trades at $104, with about a 2% increase from its yesterday’s price. QNT trading volume also increased by 48% along with its price. Invariably, if the demand continues to push against its supply, it could sustain the upward trend. The only downside is that QNT will likely face resistance in the $104 – $107 zone. If It successfully breaks through the resistance, it’s likely going to rally upwards of $114.

Quant is yet to make any major announcements that might propel the explosive growth. But, Quant is gradually gaining ground in off-chain asset tokenization. Its footprint in real estate tokenization and its involvement in the CBDC sector keeps growing wider. These two influences may account for the holdout that’s kept its chart trending sideways for most of the month. A breakthrough in any of the two efforts would likely result in a price rally. 

For the time being, Quant should be a closely watched asset because it’s prime for giants in the long run. Short-term moves can capitalize on its current swing between bulls and bears. There are gloomy facts to keep in mind when considering Quant as an investment choice. Firstly, It’s only seen an overall increase of 7% in the last 52 weeks. Also, it’s currently trading below its 200-day EMA. Nonetheless, QNT is one of the next cryptos to explode. 

4. Kaspa (KAS) 

Kaspa is not the next crypto to explode, it has been the most explosive crypto this year with over 16000% increase in price. The token currently outperforms the market by all metrics and still records gains at press time. What’s interesting about KAS is that its performance is better than 99% of crypto assets in the industry. Furthermore, it has spent 16 days of the last 30 days in the green.

However, the downside is that KAS might witness a price decline soon due to its RSI readings. The token is judged overbought, which might trigger a sell-off soon. However, its MAs are still pointing towards by, and the asset trades below its 200-day EMA. Ultimately, the sell-off might take a while to start rolling in. Furthermore, KSA liquidity is quite high, which might delay the sell-off considerably. Consequently, the current rally might push the price of KAS into $0.05 before it hits significant rejection. The token just crossed its all-time high of $0.038. All the same, if the decline sets in, it presents an opportunity to buy the dip. 

5. Chimpzee (CHMPZ)

Chimpzee is currently in the 8th stage of its presale, with $969k raised so far. The planet-focused token continues to push further with its vision. While Chimpzee continues its call for investors to hop on board, it also maintains its outreach in various countries globally. Recent moves include partnerships in Brazil and Guatemala, and over $15000 donated to help protect elephants. 

🌿💰Join the revolutionary #Chimpzee #Presale and earn while saving the planet and animals!🌍🐾

🛒 #Chimpzee Shop – #Shop2Earn🛍️
🎨 #NFT Marketplace – #Trade2Earn🖼️💎
🎮 Zero Tolerance Game – #Play2Earn🕹️💸

Become a part of the #ChimpzeeArmy now!🚀🌳 https://t.co/Geog3EVuMC pic.twitter.com/GcjT8CBBXC

— Official Chimpzee Project (@RealChimpzee) July 23, 2023

A more recent advancement in the offer is the decision to incentivize inventors who join the Chimpzee movement. According to its presale page, there is currently an offer of a 125% bonus for early buyers who purchase the CHMPZ token. In addition, coin holders are eligible for several platform-based offers including shopping, NFTS, and gaming. What’s fascinating is that all Chimpzee offers has a positive impact on the environment through donations and partnerships. 

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As of press time the CHMPZ token sells for  $0.000775. But 12 days from now, the token is set to rise to $0.00085. The goal is to keep the price scaling up until it reaches a listing value of $0.00185. Consequently, every minute of delay means investors will pay more. So far, Chimpzee has sold about 1,633,598,718 CHMPZ according to the presale page. The intention is to offer 45% of the total supply at presale. At press time, the total supply is 150 billion CHIMPZ. Furthermore, there are plans to burn about 66% of that total supply over a period after listing. The move will tighten supply and drive up the price of CHMPZ in the long run. Overall, it’s a win for all. Undoubtedly, Chimpzee might become the next penny crypto to explode. It’s best to keep an eye on it. 

Visit Chimpzee Presale

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• Source: https://insidebitcoins.com/news/next-cryptocurrency-to-explode-sunday-july-23-optimism-chimpzee-monero