The crypto market has endured a challenging period in the last two months. However, the nascent industry seems to be catching some tailwind with many protocols posting gains on the daily chart.
In this article, we will show you the 5 next cryptocurrency to explode in July.
1. DeFi Coins (DEFC)
Decentralized finance (DeFi) is an interesting place for any investor to look into and many crypto protocols focused in this space have shown remarkable growth in a short period of time.
One of such is DeFi Coins which tops our cryptocurrency to explode list.
Not coming in with any fanfare and not looking to ruffle any crypto protocol’s feathers, DeFi Coins’ core mission is to educate the growing crypto investor fanbase about the potential benefits of DeFi.
Alongside this, DeFi Coins enables the seamless exchange of digital assets on its platforms. DEFC is its native token and it enables users to provide liquidity to the platform’s pools and they can also get rewards (up to 5%) of all transactions done on the platform.
Aside from just focusing on DeFi, DEFC is also plugging into the booming non-fungible token (NFT) space as the platform will support NFTs in the near future.
Even though DEFC is a new entrant into the crypto scene, it has made a big splash so far.
Since listing on popular crypto exchange VinDax, it has surged from its open day trade of $0.20 to $0.54 increasing 170% in just a few days.
1,442% return if you bought over-the-counter as we recommended
Over-the-counter (OTC) has surged from just $0.035 to $0.54 increasing 1,442% in just five days. DeFi Coins is not resting on its laurels and is working on a DeFi Coin Educational App and Course to pursue its core mission of educating investors. The platform also plans to launch a mobile version of its decentralized exchange (DEX) called DeFi Coin App for those who are always on the move.
It will also be launching a DEX in the coming weeks and the development team behind the project is reportedly eyeing a listing on popular crypto data websites like Coingecko, Coinmarketcap, and on the top 10 crypto exchanges globally.
You can purchase DEFC on Vindax or OTC from customer care by emailing [email protected]
2. Uniswap (UNI)
Our second cryptocurrency to explode this month is the popular decentralized trading platform Uniswap. Built on the Ethereum network, Uniswap enables the automatic trading of DeFi tokens.
Founded in 2018 by developer Hayden Adams, Uniswap seeks to make trading of the booming DeFi tokens accessible to anyone. As an example of blockchain technology enabling the automated trading of financial instruments without any human intervention, Uniswap is one of the most popular automated market maker (AMM) in the crypto scene.
It allows crypto investors to provide liquidity instantaneously through its UNI native token.
Trading at $20.77, UNI has seen negative price action like other crypto protocols. However, the platform’s continued popularity once buoyed it to trade at an all-time high (ATH) of $44.92 before the crypto market crash.
With the crypto market catching some tailwind with the change in Bitcoin’s fortunes, UNI is one of the cryptocurrency to explode as we enter the second half of the year.
3. Binance Coin (BNB)
Third on our cryptocurrency to explode list is the proprietary coin of global centralized exchange Binance. Known in the crypto space as BNB, the native token of the world’s largest crypto exchange by trading volume has been one of the best performing tokens so far in the year.
Trading at a lowly $34 late Dec 2020, BNB has exploded surging to a whopping $650 during the crypto boom of April 2021. This has made the digital token to be one of the top five crypto assets trading just below Bitcoin, Ethereum, and Tether. Even though the token is primarily used for trading discounts on the Binance exchange, investors have scrambled to snap up available BNB coins.
At press time, it is currently trading at $305.81 after climbing 6.40% in the last seven days. With the crypto market getting a break, BNB is one of the cryptocurrency to explode this July.
4. Polygon (MATIC)
Next on our cryptocurrency to explode list is layer two multi-scaling solution Polygon.
Built on the Ethereum network, the crypto protocol rebranded to Polygon this year from Matic Network.
Offering a means for users to verify transactions on the Ethereum blockchain without paying so many fees, Polygon has become one of the most popular crypto protocols so far.
It has onboarded a number of crypto protocols with many DeFi applications finding a second home on the platform. This has reflected in its price action with the digital token surging from $0.01781 at the beginning of the year to $2.4544 before the market correction.
It has not been able to reclaim this all-time high (ATH) and has met the $2 resistance zone. Trading currently at $1.14, Polygon is set for an uptrend and is like one of the cryptocurrency to explode as DeFi continues to boom.
5. Internet Computer (ICP)
Wrapping up our list of cryptocurrency to explode is the decentralized internet company Internet Computer.
According to the development team, Internet Computer wants to facilitate the growth of the decentralized internet and the Web3 ecosystem.
The Internet Computer is the world’s first blockchain protocol that runs at web speed. The project which started as far back as 2016 seeks to enable the re-imagination of software for developers. This way, individuals, corporate institutions, and governments can easily deploy software without having to rely on centralized servers.
Its ICP native token has not had a smooth sail since launching this year. Starting off at $700, the token has lost more than 90% of its value.
However, ICP is on a rebound and has surged 14.87% at the moment of writing. There are many other virtual currencies that catch the eye but these ones are expected to see significant growth this month.
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