Next Cryptocurrency to Explode Ending of May 2022
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The crypto market is well on its way to recovery, and investors who bought into the May dip are already earning profits. With an approximate 5.40% increase in the last day, investors are looking to invest in the next cryptocurrency to explode. This article explores the next digital assets set to explode and why they are set to explode.
1. Lucky Block (LBLOCK)
Lucky Block is a gaming platform focused on building a transparent and fair system in the gaming industry. The platform facilitates the selection of winners through a randomised system using blockchain technology. This unique system is one of the reasons LBLOCK, Lucky Block’s native token, ranks as the next cryptocurrency to explode.
LBLOCK has built a reputation among crypto investors as an asset with great price movements. Following its launch in January 2022, the crypto asset accrued up to 2,000% in profits for early investors.
Lucky Block also offers opportunities for investors to earn passive income. Investors can earn through Lucky Block’s draws as they hold LBLOCK. Today, Lucky Block launched its jackpot ticket sales. Investors who partake in this jackpot draw could win cash prizes from the grand prize of $2.3 million. Lucky Block sold more than 700 tickets in the first 20 minutes after the launch.
In a bid to attract more users and investors, Lucky Block has launched its web app. The web app will make it easier for investors to buy Lucky Block Coin. Also, the web app will facilitate the first draw and help investors to track their assets.
Lucky Block currently trades at $0.0025. This price peg indicates that the crypto asset is set to increase as all the plans to provide passive income to holders take flight.
2. Fantom (FTM)
Fantom is a scalable blockchain that enables investors, users, and developers to perform faster and cheaper transactions. The blockchain is a proof-of-stake protocol focused on providing developers with simple tools for building projects while prioritising security and decentralisation. These features are some of the reasons Fantom’s FTM is among the next cryptocurrency to explode.
FTM has had a notable increase in price in the last 24 hours. This price increase encourages investors to buy Fantom, as it provides structural support to emerging decentralised social media. Punchword is a decentralised app that allows social media creators to monetise their content and lead campaigns directly with brands. The platform aims to give power to content creators through transparency and governance.
🧵👊Decentralized #socialmedia is emerging as the next big thing. Punchword is built on the most reliable and fastest chain : #Fantom $FTM. It aims to give the power to content creators: monetization, transparency, decentralized governance.
1/7— Punchword 👻👊 (@Punchword_off) May 26, 2022
On Punchword, users will have access to a post-to-earn feature, which enables them to earn on each post (which can be converted to an NFT). A beta version of the app has already been released on different App stores and has garnered over 200,000 downloads. Punchwood will release the version in which users can convert posts to NFTs sometime in November.
FTM currently trades at $0.40, presenting a great opportunity to buy the digital asset as the general market scales to better price ranges.
3. Algorand (ALGO)
ALGO, Algorand’s native token, is a sustainable and eco-friendly crypto asset that facilitates faster and cheaper transactions while posing no threat to the environment. Algorand uses a pure proof of stake protocol and implements near finality, which reduces its carbon footprint.
Currently, ALGO trades at $0.40. This price peg provides an opportunity for investors to buy Algorand.
Algorand ranks high on our list of the next cryptocurrency to explode because of its strategic partnerships and integrations that enable it to onboard new users and provide structural support for developers. One of such partnerships is the partnership with Nigeria to launch a major crypto initiative, IP Exchange Marketplace and Wallet.
The Nigerian government has signed a three-year exclusive IPR (intellectual property rights) agreement with Developing Africa Group to launch a national wallet that will allow the international commercial production of all IP forms created and registered in the country, both locally and globally.
With the approval of the government, the Developing Africa Group has chosen Koibanx as the tokenisation and payments engine and Algorand as the protocol to build on.
This partnership extends the use of Algorand to more underdeveloped countries, which is an avenue to rake in more investors and cause a price surge.
4. Cosmos (ATOM)
Cosmos is a proof-of-stake blockchain with the goal of achieving interoperability through customisable development. The blockchain has connector links which allow communication with other blockchains, reducing transaction fees and times. Cosmos’ token ATOM is currently worth $10.35, making it one of the next cryptocurrency to explode.
KYVE, a web3 data lake solution, has turned to Cosmos for high-performance and standardised layer one solutions as a result of Cosmos’ innovative efforts. Cosmos offers Cosmos SDK to give web3 developers a new, customisable framework for easy blockchain development. Given these considerations, Cosmos SDK is the best choice for KYVE.
The integration is set to expand Cosmos’ application in web3 and encourage more developers to seed the SDK for more building solutions. As they use the toolkit, ATOM’s use-case will rise, increasing the asset’s market cap. Hence, now is a great time for investors to buy Cosmos.
5. Polkadot (DOT)
Polkadot offers interoperability services and cross-chain interactions to other blockchains. DOT, Polkadot’s token, ranks as one of the next cryptocurrency to explode due to this in-demand feature.
As a result of its interoperability solutions, Polkadot provides several solutions through its parachains, making it a hub for many investors and developers.
DOT currently trades at $10.46, a low price peg. This price peg offers an opportunity for investors to buy Polkadot Coin and benefit from Polkadot’s partnership with Klaytn and Parity.
Klaytn is now collaborating with Parity to build on Substrate, which will help Klaytn achieve its vision for the metaverse. The Klaytn substrate will be bridged to Polkadot to act as an intermediary for the technological, business case, and community initiatives. Using Polkadot, Klaytn has access to many parachains that can offer support to the metaverse, thereby facilitating gaming and metaverse use cases.
Following the launch of the Klaytn-Substrate chain, the tech lead collaboration will continue with the development of new dApps for the chain, as well as the multichain launch of existing applications from both the Klaytn and Polkadot ecosystems.
