Next Cryptocurrency to Explode – June 2022 Week 5

After enduring a lengthy downturn over the past few weeks, the crypto market appears to be picking up steam. Crypto analysts believe that we could be getting ready for our second week of gains, which should excite investors.

Looking to capitalise? Finding the next cryptocurrency to explode will be very important. In this article, we’ll examine some assets with a lot of upside and the factors that could push them higher.

1. Lucky Block (LBLOCK)

Our top coin on our next cryptocurrency to explode list is LBLOCK. The digital asset powers Lucky Block, a blockchain gaming service that seeks to optimise transparency and fairness in online gaming.

With Lucky Block, players enjoy access to an ecosystem of games. The platform uses its LBLOCK token as an entry point into its games. So players can buy Lucky Block to play games as opposed to finding traditional tickets.

Currently, LBLOCK trades at $0.001037. This is an impressive jump of 5.8% in the past week. With analysts expecting another bullish week, LBLOCK looks exciting.

We also believe this might be a good time to buy LBLOCK because the crypto asset is currently looking to launch on centralised exchanges. Its developers recently confirmed that the audit of LBLOCK’s v2 passed. This development clears the way for LBLOCK to be listed on centralised exchanges like Binance and Coinbase.

V2 token audit passed! ✅

That means that we're getting closer to listings on centralized exchanges! 🤩

Let the #CountdownToCEXs begin! 🥳 @SolidProof_io #crypto #audit #CEX #listings #blockchain pic.twitter.com/TZJMPdNOdZ

— Lucky Block (@luckyblockcoin) June 23, 2022

With coins getting massive boosts from centralised exchange briefing, LBLOCK could be in for an even bigger surge soon.

2. Polygon (MATIC)

Next, we have MATIC on our next cryptocurrency to explode list. The digital asset underpins Polygon – a layer-two protocol that offers developers access to Ethereum’s resources while bypassing the blockchain’s scalability and transaction cost issues.

MATIC was one of the biggest gainers in the market last week. The crypto asset went on a 55% run, hitting a current price of $0.5947. With the market’s weekly outlook being green once more, this could be another opportunity to buy Polygon and enjoy gains.

The gains from last week came because Polygon Studios announced that they had finally made the network a carbon-neutral one. They managed to offset all of Polygon’s carbon footprint since it was launched, and they expect to make even more progress down the road to eco-friendliness.

3. FTX Token (FTT)

FTT is the exchange token for FTX – one of the largest crypto exchanges in the market.

Currently, FTT trades at $27.88. The crypto asset is up by 10.19% in the past week, matching some of the gains made by other large-cap coins.

We believe that this could be time to buy FTX Token because of the expansionary moves being made by the exchange. Already the second-largest crypto exchange in the world, FTX
recently announced an agreement to purchase Bitvo – a Canadian-based exchange. FTX is hoping to move into the Canadian market, and Bitvo will be critical for that.

Also, the exchange recently lent $250 million to crypto broker and wallet provider BlockFi, saving the latter from insolvency. And, over the weekend, reports suggest that FTX could be getting an ownership stake in the company. If this is true, FTX has made a strategic investment at a significant discount.

With impressive management and an ability to navigate the downturn, FTX is undoubtedly one of the best-run companies in crypto presently.

4. Ripple (XRP)

XRP, one of the most popular and oldest assets in the crypto space, features on our next cryptocurrency to explode list. It has become the market’s standard for cross-border transactions, and its developer, Ripple Labs, is also one of the most recognisable names in blockchain.

With a current price of $0.3641, XRP is trading up by 13.78% in the past week.

Going forward, we think investors should buy XRP for two reasons. First is the crypto asset’s position in the market. As a large-cap coin, XRP will surely see gains going forward.

Secondly, Ripple Labs’ has entered into the non-fungible token (NFT) and metaverse space. The company recently partnered with FLUF World – a popular NFT collection – on an ambitious metaverse project.

1) Today #FLUFWorld is excited to announce an unprecedented partnership with @Ripple to bring the #OpenMetaverse to life via The Root Network! Here's how Ripple and the XRP Ledger (XRPL) will open up a world of possibility for our blockchain and communities 🧵👇 pic.twitter.com/SptyKeu9qQ

— FLUF (@flufworld) June 17, 2022

As part of the partnership, both companies will be building the Root Network – a decentralised blockchain that will be a gateway into the “open metaverse”. Metaverse projects are hot-ticket items presently, so there’s a lot of excitement for this one.

5. Solana (SOL)

Last on our next cryptocurrency to explode list is SOL. The digital asset, which powers the Solana blockchain, is one of the most valuable in the market.

SOL currently trades at $40.97. The crypto asset gained 19.09% of its value in the past week.

Still, there are a lot of upsides to be had. Last week, Solana unveiled the Solana Mobile Stack (SMS) software ecosystem for Android and an Android smartphone called the Solana Saga. Solana Labs explained that the SMS will be an open-source software kit designed to optimise the development of Android apps on Solana. It will also include the minting of NFTs from anywhere, easier transactions on the Solana network, and better ways to play Solana-based Web3 games.

By making all of these features available via mobile, Solana is plugging into a massive market. We believe this is a huge reason to buy Solana as the asset’s price could skyrocket once again.