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Next Cryptocurrency to Explode Tuesday, August 13 — SafePal, Saga, Gravity, VGX Token

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SafePal Price Chart

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Many altcoins try to make a comeback as they file vital positive factors. In the meantime, Bitcoin (BTC) has fallen beneath $60,000 and continues to be hoping to search out help for its subsequent large transfer. Traders want to remain alert throughout this consolidation part because it could possibly be an opportunity to catch a experience on a rising pattern.

Costs of those numerous property are climbing, even earlier than the market takes off fully. That’s the reason right this moment’s article is devoted to figuring out the subsequent cryptocurrencies to blow up and inform buyers and merchants about every token.

Subsequent Cryptocurrency To Explode

Sensible buyers are transferring to capitalize on the growth within the altcoin market and taking positions in upcoming tokens just like the Shiba Shootout. The challenge incorporates a distinctive Wild West design, combining this common interval from American historical past with the crypto frontier. This submit covers the main points of its presale.

1. SafePal (SFP)

SafePal has not too long ago rolled out vital updates to reinforce its platform, together with integrating with MultiversX (EGLD). This permits customers to securely handle and commerce EGLD by way of SafePal’s browser extension, cell app, and {hardware} wallets. Moreover, a brand new collaboration with Kryptos simplifies cryptocurrency tax calculations and portfolio administration. It helps over 2,000 DeFi protocols and greater than 100 exchanges and wallets. These updates spotlight SafePal’s dedication to enhancing consumer expertise and safety whereas addressing the complexities of crypto tax reporting.

SafePal Price Chart

Launched in 2018, SafePal transforms how customers shield and develop digital property with modern pockets options. The platform presents each {hardware} and software program wallets, all managed by way of the SafePal App. Notably, SafePal was the primary {hardware} pockets to obtain funding from Binance, additional establishing its credibility.

SafePal helps numerous common cryptocurrencies and tokens on Ethereum, Binance Sensible Chain, and TRON blockchains. The platform’s native token, SFP, performs a central function in its ecosystem by providing reductions, incentivizing customers, and enabling governance by way of proposals and votes on new options.

SFP is priced at $0.8019, reflecting a 3.80% enhance within the final 24 hours. The token exhibits excessive liquidity, with a volume-to-market cap ratio of 0.0568. A 14-day RSI of 56.59 suggests a impartial market stance, presumably resulting in sideways motion. Over the previous month, SFP skilled 15 bullish days, with a 30-day volatility of simply 2.60%. Moreover, buying and selling 37.62% above its 200-day SMA of $0.583112, SafePal has appreciated 75% over the previous yr, outpacing 67% of the highest 100 crypto property.

2. Saga (SAGA)

Saga (SAGA) skilled a worth surge of 20% right this moment, reaching $1.61. SAGA’s complete market capitalization is $160 million on the time of writing. This enhance follows an announcement made by the Saga group on August 12 by way of X, the place they launched the Liquidity Integration Layer (LIL). This modern resolution goals to handle the problem of liquidity fragmentation within the blockchain house. The group identified that the rise of assorted chains, L2s, and rollups has led to this fragmentation, which has created complexity and a poor consumer expertise. Saga goals to alter that.

Saga Price Chart

Saga Price Chart

Saga’s L1 protocol gives infinite horizontal scalability by way of chainlets. Nonetheless, the group clarified that this scalability not results in liquidity fragmentation. Builders can simply request chainlets, however the decentralized nature of those chainlets has historically resulted in fragmented liquidity. LIL presents an built-in structure that introduces automated composability to Saga’s ecosystem. This connects chainlets seamlessly, offering immediate entry to tokens, providers, and purposes inside and past the ecosystem.

Saga’s worth enhance adopted a restoration from its month-to-month lows, forming a double-bottom sample. This sample suggests the potential of a bullish reversal if the value strikes above the sample’s neckline.

By making use of the Fibonacci retracement from the current swing excessive of $1.82 to the swing low of $0.86, the golden zone was recognized across the $1.44 stage. The golden zone in Fibonacci evaluation is commonly thought of vital for potential reversals. If the bulls push the value above this $1.44 stage, it may sign the tip of the correction part and the start of a brand new bullish pattern.

3. Shiba Shootout (SHIBASHOOT)

Shiba Shootout is a meme coin challenge that transports its neighborhood to a Wild West-themed digital world. It presents greater than only a typical cryptocurrency funding. Firstly, it gives an attractive expertise that blends creativity, competitors, and neighborhood spirit.

Furthermore, the challenge consists of a number of modern options to maintain its neighborhood actively concerned. For instance, the Posse Rewards referral program motivates customers to develop the neighborhood by providing bonus tokens for profitable invites. The Campfire Tales classes additionally enable members to share their crypto adventures, with probably the most entertaining tales incomes token rewards.

Shiba Shootout additionally emphasizes neighborhood governance by way of its Token Governance Roundups, the place token holders can vote on essential challenge choices. This democratic strategy offers the neighborhood a major function in shaping the challenge’s future.

Moreover, the Fortunate Lasso Lottery system allows individuals to buy lottery tickets utilizing Shiba Shootout tokens, with a few of the proceeds supporting charitable causes. This function combines the thrill of potential winnings with a dedication to social duty.

Moreover, Cactus Staking presents a visually interesting manner for customers to develop their token holdings. By staking their tokens on a digital cactus plant, customers can watch their rewards develop over time, including a playful twist to the same old staking course of.

Shiba Shootout is presently in its presale part and has raised $935,191.71 of its $1,699,291 goal. The token is buying and selling at $0.0199, reflecting growing curiosity from early buyers. Whereas partnerships are deliberate for the subsequent part, the challenge stays targeted on constructing a powerful basis and neighborhood.

Go to the SHIBASHOOT Presale

4. Gravity (G)

Coinbase not too long ago introduced its plan to record Gravity (G), an Ethereum-based token, drawing vital consideration from buyers. The itemizing will start on August 13, 2024, supplied liquidity situations are met. This announcement has already impacted market developments and boosted the value of Gravity.

After the information, Gravity’s worth jumped from $0.37 to over $0.04294, marking a 12.48% enhance inside 24 hours. Gravity’s market capitalization additionally rose to $310 million, whereas its 24-hour buying and selling quantity surged by 226.26%, reaching $87.39 million. Traders are watching these developments carefully because the itemizing date nears.

Gravity Price Chart

Gravity Price Chart

Coinbase additionally introduced a significant transition involving Galxe (GAL) tokens, which can convert to Gravity (G). This transition will happen on the Ethereum community, however customers should handle the method themselves. Beginning July 9, 2024, an official GAL token transition portal will probably be accessible to customers and can stay open for at the least one yr.

For buyers, including G to Coinbase’s roadmap presents new alternatives. It presents an opportunity to get entangled early with a promising asset, probably resulting in vital rewards because the token positive factors traction. Nonetheless, it additionally carries dangers, particularly given the Experimental label which may be utilized.

5. VGX Token (VGX)

Within the final 24 hours, VGX has seen a 6.39% enhance, now buying and selling at $0.03736. After months of decline, VGX broke its bearish trendline and entered a consolidation part in late July. The bulls have discovered help from the 50-day SMA, which has helped preserve the value inside this consolidation stage. This momentum has allowed the value to strategy the 200-day SMA. A break above this stage may sign a bull rally for VGX.

VGX Token Price Chart

VGX Token Price Chart

The relative energy index (RSI) for VGX is presently bullish, sitting at 79, above the overbought area. This implies robust bullish momentum. The RSI may proceed to rise, indicating much more energy out there. Moreover, the superior oscillator exhibits inexperienced bars buying and selling at 0.032 above the impartial mark, giving patrons the arrogance to enter the market with out vital danger.

Chart evaluation signifies that if VGX breaks out above the falling wedge and receives continued help from the 50-day SMA, its worth may surge to $0.58. Nonetheless, the 200-day Easy Shifting Common presents a possible hurdle, with a help stage of $0.085. In the meantime, VGX’s market cap has grown by 7.48%, reaching $12,821,369, whereas the 24-hour buying and selling quantity elevated by 36.41%, hitting $20,250,552.

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