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The United States Congress is currently putting measures in place to ensure that the activities of Artificial Intelligence Projects are put in check. However, what’s not sure is how this would affect blockchain-based AI projects. While the news unfolds, many AI crypto assets are gradually becoming the next cryptocurrencies to explode. that’s been in the red have started seeing some recovery. For example, SingularityNET printed a profit of over 8% in the last 24 hours, putting it as the top gainer in the category. The gains today are not only limited to AI-based cryptos. Many other assets in other categories are printing wide gains. We will cover the gainers and some pre-sales that are worthy of note at the moment.
Next Cryptocurrency to Explode
The thrills of investing in cryptocurrencies are to be one of the first crops of investors to get on board. That’s why most investors are looking for the next cryptocurrency to explode. Perhaps that’s why you find this article. Without a doubt, you’ll soon find out why Launchpad XYZ fits this class. Check the Launchpad XYZ review below and all the other assets highlighted within the article.
1. Dogecoin (DOGE)
Investors who follow the DOGE narrative closely know that the community of the asset has the largest influence on the direction of its price. The next influencer of DOGE sentiment is the Tesla CEO, Elon Musk. This fact is made obvious by the recent jump in the price of DOGE after Elon Musk made another dog post on Twitter. In the tweet made via his official Twitter handle in response to a UX expert. However, following the trend, DOGE coins seem to spike in response to the attention generated by the post. This might be the beginning of a short-term spike in its price.
While Dogecoin continues to enjoy the Elon Musk effect, another factor that may lead to DOGE becoming the next crypto to explode is the recently completed improvement on its improvement upon its Core 1.14.6. The upgrade is aimed at providing users with experience and improving its functionality.
Meme coins are castigated for their lower utility or use cases. This sentiment often causes a wide fluctuation in price. However, with Dogecoin making efforts towards restoring community confidence in its asset, it might see its current growth boost to $0.1 in the future.
Nonetheless, investors should maintain a short-term sentiment with Dogecoin as the asset may not hold its gains for long due to the volatility around memecoins.
2. XDC Network (XDC)
XDC token has been on the rise after it entered a partnership with the SBI’s group subsidiary in Japan. The partnership allows the XDC Network to provide services to SBI customers in the country. The joint venture saw the confidence in the crypto community going through the roof, equally sending the price on an upward trend. Even though the crypto crisis of June shaved off most of its gains, the coin has begun a recovery trend in recent times with its price adding 5% in the last 24 hours. What’s obvious is that the growth might not reduce any time soon.
At the moment, the price of the asset ranges below $0.03. The indicators across both ard show that XDC is prepping for a bull takeover. What’s left is a spike in its trading volume. With the just concluded hackathon, the network may see a rise in use cases which may send the demand for XDC services onto the roof. Investors should keep an eye on the XDC token as it is poised to be one of the next cryptocurrencies to explode.
3. Injective (INJ)
Injective is finally putting smiles on the face of its investors as it has stayed in the green for most of this year. While many coins are seeing net gains of less than 20% this year, Injective prints three-digit gains. As the use cases of Injective increase, the value of the asset sees an increase across the board. In the past 52 weeks, INJ has recorded over 500% jump in value, and the growth continues as its price jumped by 8% in the last 24 hours. One might wonder if INJ is the next cryptocurrency to explode.
At the current pace IN may end up with a price of $10 by the end of the year. From its technical analysis, the RSI of Injective is currently within the 69.5 range. Invariably, coins are either overbought or oversold which sets the grounds for price movement. Looking at its moving averages, all its moving averages indicate buying signals, with values ranging from 5.3 to 6.9.
With INJ still trading around the $8.4 resistance, there are still chances that the price is forced down in the coming days. Nonetheless, if it breaks far above the $8.5 region, it might continue its rally into the $9 value. INJ is the crypto asset to watch at the moment as the coin is showing the potential to grow its value to $10 before the end of the year.
4. SingularityNET (AGIX)
Even though the crypto AI sector faces draining investor interest, SingularityNET seems to be going in a different direction. Can singularityNet be the next crypto to explode? To give a brief background of the trend, Singularity Net is best known as the platform that raised $36 million in one minute after its launch in 2017.
However, the platform has failed to reach its potential following a series of crashes across the crypto sector since its inception. A more recent shock it received was the SEC crackdown across the crypto sector that shaved nearly 10% off the value of assets in the market. SingularityNET is not spared as it lost 36% of its value, pushing it down from $0.3 to $0.19 in less than ten days.
However, recent trends across the AGIX network reveal that the once glorious crypto asset is not done. It might be on its way back to the top any time soon. What restored the hope in the case is the sudden rise in AGIX trading volume. In the last 24 hours, the trading volume increased by 100%. It also coincides with a 13% increase in price. At the moment, AGIX is one of the most watched tokens in its category. If the ensuing trend signifies a boost in investors’ interest in the Crypto AI sector, AGIX may see an explosive rally in the coming days.
AGIX currently has an RSI (14) reading of 55, which is neither oversold nor overbought. Its shorter EMAs signify the sell signals with values ranging from 0.23 to 0.25. Conversely, its 100-days to 200-day EMA returns sell signals. Consequently, AGIX will likely receive a boost in its price in the future. However, it might only be in the short term as it will face resistance from its $0.25 to $0.3 region.
5. Launchpad XYZ (LPX)
Launchpad XYZ has successfully raised $1,076,354.29 in its presale rounds. The project launched its presale a few weeks ago and has quickly covered huge milestones. The project is still gearing towards getting more AI-backed solutions to the trading community.
Not only that, but it is also working hard at helping the world transition from Web 2.0 to Web 3.0. According to its solution, it works on platforms that would help regular businesses integrate Web 3.0 into their Web 2.0 platforms seamlessly.
Seize opportunities before they go mainstream! 🚀
At #LaunchpadXYZ, we guide you to promising projects early on, setting you up for success in the next bull market
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— Launchpad.xyz (@launchpadlpx) July 1, 2023
In the meantime, early-stage crypto investors could take advantage of its presale offer and be the first to benefit from its boost in price as it hits the market. Furthermore, getting on board early makes it easy for investors to gain an advantage over other investors when it comes to spotting crypto opportunities. Launchpad XYZ also provides highlights on crypto assets that are positioned for massive gains in the market. LPX currently sells for $0.0445. However, that price is not going to last for too long as it’s going to increase to $0.046 as soon as the presale funds reach $1,550,000
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