Next Cryptocurrency to Explode April 2022 Week 4

The demand for cryptocurrencies always surpasses the supply; hence, crypto investments propose high yields. This encourages investors to find the next cryptocurrency to explode. There are many digital assets on the market, but the top five cryptocurrencies provided in this guide guarantee investors high yields in the coming weeks.

1. Lucky Block (LBLOCK)

Lucky Block is a game-centric crypto platform that seeks to provide transparency in the distribution of prizes won in the gaming industry. The platform ranks highly as the next cryptocurrency to explode for several reasons.

The Lucky Block model provides users with a fair chance of winning games through a randomised system of selection. With LBLOCK, users have the opportunity to earn through the NFT weekly draws. Gamers who emerge winners stand the chance of winning $1 million in cash prizes and a Lamborghini.

At press time, Lucky Block trades at $0.0018, which is a great point of entry for investors to buy into the cryptocurrency and earn high returns.

The crypto asset is expected to experience a surge in price as it onboards popular Heavyweight fighter, Dillian White, as an ambassador. The partnership comes only days before his face-off with World Boxing Council (WBC) heavyweight champion Tyson Fury.

The new partnership with Dillian White is a timely effort to encourage game lovers and players alike to gain access into a decentralised system of operations. As more gaming fans move into the crypto space, experts project LBLOCK prices to move to higher chart ranges, providing early investors with high yields.

2. The Sandbox (SAND)

The Sandbox is a gaming platform that provides its users access into the metaverse. Since launch, SAND has made continuous improvements to its blockchain, which helps it rank in the market as one of the next cryptocurrency to explode.

The crypto asset currently trades at $2.59, providing investors with a great opportunity to enter the market and earn huge profits.

Sandbox is preparing for LAND smart contract migration to Layer two. The migration process is set to prepare for Polygon’s deployment and bridging on the Sandbox platform. Polygon will help reduce the gas fees to mint NFTs on Sandbox.

The migration will take place on April 27th, 2022 and users who do not manually migrate their LAND will have them automatically migrated to the new contract.

With lesser gas fees, the Sandbox will see more users onboard the platform and adopt SAND for transaction purposes. This will cause the digital asset’s price to surge in the market.

3. Algorand (ALGO)

Algorand is an innovative blockchain that seeks to provide more scalable solutions for developers and users. The blockchain uses a Pure Proof-of-stake (PPoS) consensus algorithm to provide faster transactions with a near-instant finality.

Due to Algorand’s value proposition, the native cryptocurrency ALGO is gaining more adoption and currently ranks as one of the top next cryptocurrency to explode in 2022.

At press time, network token ALGO is bearish as it trades at $0.66. This value is below several market indicators, providing investors with a prime opportunity to invest in the digital asset. The blockchain has several upgrades and integrations in the works, which drives its market behaviour.

Algorand is one of the greenest blockchains available. The blockchain has considerably low carbon emissions due to its efficient consensus mechanism. However, the blockchain is taking more conscious steps towards alleviating carbon concerns. The smart contract blockchain is set to automatically allocate a part of its transaction fees towards purchasing carbon credits for carbon offsets.

Furthermore, Algorand revealed that it will take a portion of each transaction fee and process it for purchasing carbon credits at Climate Trade, a blockchain-based carbon offset marketplace. The smart contract will enable Algorand to remain eco-friendly in the long-term while providing scaling solutions.

4. Fantom (FTM)

Fantom is part of the swiftest and most scalable next generation layer-one platforms. The blockchain provides developers and users with more seamless transactions and project developments. Also, Fantom has integrated with several technology projects to ensure more efficient processes. This helps FTM rank as one of the next cryptocurrency to explode in 2022.

The crypto asset trades at $1, which is a fair price for investors to enter the market. Additionally, investors can make profit as the entire crypto market goes bullish.

Among several integrations which the Fantom Foundation has begun, the Incognito integration focuses on one the most important aspects of using a blockchain: privacy. Incognito is building a bridge to the Fantom network to allow users make cross-chain transactions between both networks.

The Incognito-Fantom bridge will allow users to shield their Fantom tokens from public scrutiny and transfer them privately. The sender, receiver, and the amount of the transaction will all stay anonymous on the Incognito network.

Additionally, users will still be able to interact with decentralised applications (dApps) on the Fantom ecosystem. The privacy feature from Incognito will accompany the interaction. Fantom is a scalable blockchain with high output and low transaction costs. The bridge will also benefit from the new developments as shielded and unshielded transactions would be faster and cheaper.

5. Avalanche (AVAX)

Avalanche is a highly scalable blockchain that provides an agile approach to processing transactions. The blockchain is considered to be a complete platform that solves the trilemma associated with blockchains: scalability, security, and decentralisation.

To attain this feat, the blockchain employs the use of three sub-chains. The blockchain’s native token, AVAX, benefits heavily from this innovation. AVAX currently trades at $68.14 and is projected to reach higher highs and set new support prices as the market goes bullish.

The crypto asset is considered one of the next cryptocurrency to explode due to its efforts to create more liquidity as new users onboard the platform. In the same vein, the Avalanche Foundation has made a strategic investment in Yeti Finance to unlock billions in liquidity and scale.

Yeti Finance is an Avalanche native decentralised borrowing protocol. The protocol’s architecture allows users to borrow up to 21x leverage against their portfolio of LP tokens, staked assets, and yield-beating stablecoins with 0% interest. Additionally, Yeti Finance provides cross-margining across collateral and auto-compound farming yields on deposits.

The investment in Yeti Finance is a leap in the borrowing landscape which provides greater liquidity through capital efficiency.