Next Cryptocurrency to Explode June 2022 Week 3

After several weeks of bearish movements, pressure from the traditional market continues to build and affect coin prices in a major way. However, several coins show signs of strength as we enter this week. If you’re looking to invest, finding the next cryptocurrency to explode will help you make better purchase decisions.

We’ll examine some of the cryptocurrencies with the brightest prospects heading into the week and the factors that could propel their prices higher.

1. Lucky Block (LBLOCK)

Our top pick for the next cryptocurrency to explode is LBLOCK. The digital asset is the native and governance token of Lucky Block – a decentralised online gaming platform that operates using blockchain technology and focuses on improving transparency and fairness in the online gaming industry.

Lucky Block has gained massive investor interest. Its native token, LBLOCK, operates in the place of traditional gaming tickets by providing access to its ecosystem of games and allowing players to enjoy all of its offerings regardless of their location.

LBLOCK launched in January 2022 and is already one of the top coins on many investors’ watchlists. The digital asset currently trades at $0.00079, down by 14% in the past month.

Even with the current price drop, there are several reasons to buy Lucky Block. The digital asset is very attractive to investors currently, notching over 50,000 token holders since its launch. Also, Lucky Block’s developers are in the midst of their prize pool and non-fungible token (NFT) giveaway.

Both giveaways started last week, with Lucky Block offering up to $2 million in prizes to community members. Eligibility for the prize pool is ownership of at least $500 worth of LBLOCK tokens, although users can purchase tickets for just $5.

To be eligible for the NFT giveaway, users need to possess one of Lucky Block’s Platinum Rollers Club NFTs. Both giveaways are expected to end this week, so there’s still time to purchase tickets.

Only 5 days left! ⏰

Is there a better way to finish your Sunday than by securing a spot in the next draw? 🤔

Exactly 🤩 Go get your tickets now at https://t.co/ZG3icHqoL0#crypto #cryptogames #blockchain #BSCGem pic.twitter.com/dcqjPDrrRZ

— Lucky Block (@luckyblockcoin) June 12, 2022

2. Ethereum (ETH)

The next on our list of the next cryptocurrency to explode is Ethereum (ETH). Ethereum is the largest altcoin, trailing only Bitcoin in terms of market capitalisation.

As the foremost altcoin, Ethereum has been one of the biggest coins to be affected by the current downturn. The coin trades at $1,230 at the moment, down by 38% in the past 24 hours.

Even with the market downturn, there are several reasons to buy Ethereum now. The crypto asset’s position in the market means that it would be one of the first coins to see gains when the market flips bullish. And with investors set to wait out the storm, investing in valuable coins like ETH is a good way to secure gains.

The market is also getting increasingly excited about Ethereum 2.0 Over the weekend, Ethereum developer Tim Beiko confirmed that they had delayed the blockchain’s difficulty time bomb, which would make it more challenging to mine ETH directly.

In short, we agreed to the bomb delay. We were already over time, and want to be sure that we sanity check all the numbers before selecting an exact delay and deployment time, but we are aiming for a ~2 month delay, and for the upgrade to go live late June.

— Tim Beiko | timbeiko.eth 🐼 (@TimBeiko) June 10, 2022

The time bomb’s delay indicates that Ethereum’s developers may need some more time as they work out the Ethereum 2.0 upgrade. However, the Ethereum user base remains strong, with daily transactions averaging well over a million. With Ethereum 2.0 expected to cut the blockchain’s energy consumption and bolster its scalability, things are expected to get better for the ETH price once the upgrade kicks in.

3. Chainlink (LINK)

Chainlink is an essential protocol in the blockchain space. It is a blockchain oracle – a service that connects blockchain smart contracts with off-chain data, allowing them to operate more efficiently.

LINK, Chainlink’s native token, currently trades at $5.58. This is a drop of 18% in the past month. While its losses have been significant, LINK has not shed as much value as many of the other large-cap coins.

Investors would be looking to buy Chainlink now because the asset’s developers recently unveiled a roadmap for development. The roadmap reveals their plans for Chainlink and LINK, which includes asset staking.

Staking marks the start of #Chainlink Economics 2.0, a new era for the long-term security and sustainability of oracle networks.

In this update, we define the long-term goals, roadmap, and initial implementation of staking in the Chainlink Network.https://t.co/WJkoUzPA0i

— Chainlink (@chainlink) June 7, 2022

With the ability to stake LINK, holders will gain a larger stake in the network and the opportunity to contribute to its seamless running. At the same time, the opportunity to boost community participation and earn a passive income should bolster the asset’s price even more.

4. FTX Token (FTT)

FTT comes next on our list of the next cryptocurrency to explode. The digital asset is the native token of FTX – one of the world’s largest crypto exchanges by daily trading volumes. FTX has risen quickly among the ranks of crypto brokers, and FTT has also seen its profile rise among exchange tokens.

With a current price of $25.25, FTT is riding a drop of 17.1% in the past month. The crypto asset has seen periods of gains despite the market downturn, although broader market pressures have weighed on its price.

Presently, there are several reasons to buy FTT. FTX has seen more growth, recently surpassing Coinbase to become the second-largest exchange in the market.

FTX has also broken ground in Japan, thanks to its acquisition of local exchange Liquid in February. The Liquid acquisition gives FTX footing in Japan – one of Asia’s biggest and most structured markets for digital assets. With the exchange continuing its commitment to growth, CEO Sam Bankman-Fried has said that they won’t stop hiring even during the bear market.

13) A lot of reporters have reached out asking if we're going to be scaling back.

And our answer is the same as always:

We're going to keep pushing forward.

— SBF (@SBF_FTX) June 6, 2022

This gives many investors confidence that FTX is solid as ever, despite the current market conditions.

5. Cardano (ADA)

Cardano, one of the oldest and most popular blockchains, has been in the market’s spotlight since last September when its developers implemented the Alonzo hard fork and brought in smart contracts.

ADA, Cardano’s native token, currency trades at $0.45. This is a drop of 11.7% in the past month, consistent with other large-cap coins.

Cardano is in the midst of the Vasil hard fork, which its developers claim will help to reduce transaction fees and improve throughput.

As of today, nearly 900 projects are #BuildingOnCardano⚒️ And this number goes up day by day. Keeping track of all the news from this incredible ecosystem is not easy & this is why every week we compile an ecosystem digest with highlights & updates. 🧵⤵️#Cardano $ADA

— Input Output (@InputOutputHK) April 18, 2022

Vasil is expected to go live on June 29. When it does, we expect to see more investors buy Cardano.