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It’s a new week, and the crypto market is already setting its pace for the week. Likewise, the bear market still rages on with minimal traces of recovery.

Notwithstanding the market trends, one fact that investors often seek out in every market condition is the next cryptocurrencies to explode.

During the down market, price trends revealed some cryptocurrencies with immense growth potential.

Next Cryptocurrency to Explode

Today’s review will highlight tokens that can be identified as the next cryptocurrencies to explode. Each token highlighted below is selected based on the asset’s overall performance in the last 24 hours, as well as how it stacks up against market trends and other cryptocurrencies.

Similarly, there’s a presale spotlight at the end of the article. The project holds the key to Web3 trading knowledge, and it’s best to get acquainted with it before it becomes mainstream. Details are included below.

1. Lido DAO (LDO)

There’s been a significant movement in the price of LDO in the last 24 hours. There’s been speculation that whale actions in the network are responsible for the trend. LDO price increased by 3%. The report shows that the whale acquired 593,139 LDO tokens, shifting the trend.

While the instant shift may not suggest that LDO is the next cryptocurrency to explode, it points to the rising confidence in the future of the asset. LDO is about 4% below its opening price in January of this year. However, the dip presents an opportunity to buy at a discount, pending the time the market will recover.

The token’s price is currently trading around the $1.6 support zone. If it can establish support at this zone, it might be able to swing into explosive gains and probably return to test the $1.8 resistance. With whales picking interest in the token, the probability is higher.

Another factor that might fuel LDO’s explosive is the ongoing DVT testing, which brought over 38 node operators together towards improved participation and staking. The process was successful, and the details were shared on the platform’s Twitter handle.

The 2nd round of testing SSV-based distributed validators through the Lido NO registry on Goerli is complete, with 38 new Node Operators participating in the Lido DVT trials!
Check the full trial breakdown below 👇https://t.co/CVWSvjbSTC
— Lido (@LidoFinance) August 23, 2023

With the improvements and partnerships Across the Lido Finance platform, investors can only expect an upbeat performance across the network. Hence, buying and holding the LDO token could position investors to earn returns from future pumps in price.

2. Maker (MKR)

The maker has had many green days recently, with its value briefly touching the $1300 this month. Its performance puts it ahead of over 90% of the DeFi tokens. Will MKR become the next crypto to explode? The answer depends on how the new week unfolds.

MKR is rising with a 3% increase in the last 24 hours. Besides its rising price, there’s also seen some percentage increase in trading volume over the past week.

Its sudden rise may be traced to the recent burst of activities across the network and the profitability of its active accounts. Maker is one of the few platforms where over 50% of accounts earned profits in the bear market.

Similarly, its growing visibility might indicate that the token might become the next cryptocurrency to explode.

MKR also boasts strong fundamentals, which will likely reinforce its growing price. Its ecosystem is on the growth path with the daily addition of several utility initiatives and partnerships.

Likewise, its technical indices indicate strengths that could boost its gains in the coming week. Its current price is far above its long-term MAs. It indicates a bearish sentiment in the coming days.

Thus, investors who want to take advantage of the short-term shift in the price of MKR might still be able to do so as the RSI returns a value that signals that MKR might be oversold in the short term.

3. Monero (XMR)

XMR saw one of its deepest declines this month, with its price breaking below the $134 support. The price went as far down as $140 before rebounding to its price of $145. However, the fall stemmed early this morning as the XMR price increased by 2% in the early hours.

An unverified report making rounds states that Whale activities on the XMR network have increased by some percentage.

A continued activity surge might restore XMR price to its consolidated $148 range. Considering the sudden decline in the price of Monero in the past week.

Despite the bearish price trend, XMR still has immense potential. The fundamentals of Monero remain strong, and its price will likely swing into reversal much faster than other assets. The facts are already revealed in its trend, as its RSI indicates that XMR might already be oversold, which accounts for its short gains today.

However, the volatility of XMR is still very high, and it might give the bears the upper hand. Hence, even though it is one of the next cryptocurrencies to explode, there’s still a need to exercise caution.

4. Trust Wallet Token (TWT)

Does TWT stand a chance to attain the price of $1 before the end of the year? Recent activities across the TWT network suggest the token stands a chance of becoming one of the biggest winners this year.

The token sits close to the top of the CoinMarketCap gainer’s list today after it recorded a price surge of over 3% in the last 24 hours. Besides the price pump, TWT trading volume enjoyed a pump recently. It shows the pessimism across the network is gradually gradually declining.

TWT took a massive hit after the market decline of mid-August. The days following the bear market saw the value of TWT plunging by nearly 20% until it recently started on an upward trend.

Recent data reveals that there’s been an increase in active accounts across the network despite the down market. Consequently, the token might be on its way to explosive gains.

As activities build up around the network, visibility is bound to increase, which accounts for the more recent spike in the asset price.

If the TWT price spike continues, investors can expect the token to secure its place above the $0.9 range before the end of the quarter. Nonetheless, the chance of returning to $1 hangs in the balance as TWT likely encounters rejection above the $0.9 range.

5. Launchpad XYZ (LPX)

Launchpad XYZ’s presale improved, with a wide range of values embedded. While the project maintains its eye on raising $11.4 million in its presale round, it will reach the goal before providing value to its growing community of investors.

So far, investors have committed over $1.4 million to the project, which keeps growing daily. A plan has been released on how investors will benefit from their participation, even before the project launch. It aims at beefing up the value of the project to investors.

Experience trading like never before with #LaunchpadXYZ
Dive into a user interface crafted uniquely for you, ensuring maximum efficiency 🚀
Join us and elevate your trading game
👉https://t.co/ZUZaIKgy84
#LaunchpadKnows #Web3 #Crypto pic.twitter.com/9oe5kHSWxo
— Launchpad.xyz (@launchpadlpx) August 23, 2023

The proposed benefits are tiered according to the amount committed to the project. Investors can come in with $50, dubbed the basic level. The amount committed to the LaunchpadXYZ project can go as high as $ 25,000+. Each tier qualifies investors for value packages and exclusive access.

The $50 has the least of the benefits. However, investors in the tier still get the equivalent value of $LPX, which grants holders access to the platform when it launches and presents an opportunity for profits when the asset is listed on exchanges.

The LaunchpadXYZ just opened doors to immense values, and it’s best to check the presale page for further details.

Visit the LauchpadXYZ presale.

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