Next Cryptocurrency to Explode Friday, August 16 — Injective, Sun Token, Uniswap, Convex Finance

The
altcoin
market
is
fluctuating,
but
some
coins
try
to
bounce
back.
Investors
need
to
stay
alert
during
this
consolidation
phase,
as
it
could
be
a
chance
to
ride
a
rising
trend.

Institutional
investors
are
now
paying
more
attention
to
interoperability
and
tokenizing
real-world
assets.
Prices
of
these
assets
are
climbing,
even
before
the
market
takes
off
entirely.
The
objective
is
to
identify
the

next
cryptocurrencies
to
explode

and
inform
investors
and
traders
about
each
token.

Next
Cryptocurrency
To
Explode

Attention
in
the
crypto
market
in
the
coming
month
will
go
toward
the
altcoin
and
meme
coin
sectors
and
making
the
most
of
the
altcoin
market.
Hence,
investors
can
capitalize
on
the
moment
and
take
a
position
in
upcoming
tokens
like
The
Meme
Games.


The
Meme
Games

combines
the
trill
of
the
Olympics
with
meme
coins
to
give
crypto
enthusiasts
a
fun
and
competitive
presale
event.
This
post
covers
the
details
of
its
presale.

1.
Injective
(INJ)

INJ’s
price
has
shown
a
sideways
trend
recently,
indicating
weak
buying
and
selling
pressure
in
the
cryptocurrency
market.
Despite
this,
the
altcoin
has
risen
by
about
6%
over
the
past
week,
even
with
growing
bearish
sentiment.
Analysts
have
noticed
a
possible
bullish
signal
despite
the
slight
decrease.

The
recent
breakout
from
a
downward
wedge
pattern
has
renewed
investor
interest,
making
Injective’s
current
price
an
attractive
option.
If
this
positive
outlook
continues,
we
might
see
a
significant
increase
in
its
value,
potentially
reaching
new
highs.

The
RSI,
a
key
technical
indicator,
remains
close
to
its
mid-point,
suggesting
weak
price
movement.
The
average
trendline
has
also
flattened,
indicating
uncertainty
in
future
price
action.
If
the
market
turns
bullish,
Injective
could
test
a
crucial
resistance
level
of
$21.35
this
month.
However,
if
bearish
forces
take
over,
the
price
could
drop
to
around
$15.

Injective
has
gained
considerable
attention
as
a
leading
DeFi
token
in
recent
months.
Trading
at
around
$19
in
December
last
year,
its
price
surged
in
the
first
quarter
of
2024,
hitting
a
record
high
of
$52
in
March.
Recently,
it
has
been
recognized
as
one
of
the
top
DeFi
coins.

1/
Injective
is
officially
integrated
with
the

@ton_blockchain
ecosystem,
a
historic
moment
for
both
communities.

Now,
Injective
assets
such
as

$INJ
can
be
bridged
&
utilized
across
TON
while

$TON
is
also
leveraged
across
Injective
dApps.

Open
finance,
reimagined
????

pic.twitter.com/Dt1r3NBBKK

—
Injective
????
(@injective)

August
14,
2024

Although
the
daily
chart
slightly
dipped,
Injective’s
intraday
trading
has
increased.
The
token’s
daily
trading
volume
increased
by
40.22%
in
the
past
day,
reaching
105,442,384.
With
a
market
cap
of
approximately
$1.73
billion,
Injective
shows
resilience
in
a
declining
market.
At
the
time
of
writing,
the
trading
volume
indicates
that
it
continues
to
attract
traders
and
investors.

2.
Sun
Token
(SUN)

The
current
price
of
SUN
is
$0.01015,
reflecting
a
10.08%
increase
in
the
last
24
hours.
The
market
cap
has
also
grown
by
10.09%,
reaching
$101,001,518.
Moreover,
the
24-hour
trading
volume
has
surged
by
254.30%,
reaching
$59,463,200.
SUN
is
now
trading
23.93%
above
its
200-day
simple
moving
average
(SMA)
of
$0.008192.

The
price
prediction
sentiment
for
SUN
is
currently
neutral,
while
the
Fear
&
Greed
Index
shows
a
level
of
27,
indicating
fear.
Despite
this,
the
recent
growth
in
price
and
daily
trading
volume
suggests
increased
token
transactions,
which
signals
growing
optimism
about
a
potential
uptrend.

SUN.io
is
TRON’s
first
one-stop
platform
that
supports
stablecoin
swaps,
token
mining,
and
self-governance.
The
new
SUN
token
grants
holders
various
rights,
including
voting
and
governance,
value
capture,
and
staking
rewards.

$sun
on
its
way
to
one
of
the
most
potential
coin
of
this
year.

https://t.co/7kM1Sr5LyW

—
Sun
Meme
(@defi_sunio)

August
14,
2024

With
strong
fundamentals
and
support
from
a
dedicated
crypto
community,
SUN
has
the
potential
for
significant
growth.
If
the
project
announces
collaborations
with
other
networks,
the
maximum
price
of
SUN
could
surpass
$0.1
by
2024.
If
the
current
bullish
trend
in
the
crypto
market
continues,
the
average
cost
of
SUN
could
reach
$1
by
2025.
However,
if
the
market
experiences
a
downturn,
the
minimum
value
could
drop
to
$0.008
in
2024.

3.
The
Meme
Games
(MGMES)

The
Meme
Games

combine
the
thrill
of
the
Olympics
with
the
lively
world
of
meme
coins.
It
gives
crypto
enthusiasts
a
chance
to
participate
in
a
fun
and
competitive
presale
event,
where
they
can
earn
significant
token
bonuses.
The
idea
is
centered
around
popular
meme
characters
competing
for
gold,
capturing
the
excitement
of
the
upcoming
2024
Olympics.

Moreover,
this
unique
presale
format
lets
users
choose
their
favorite
meme
characters
and
watch
them
compete,
which
could
lead
to
multiplying
their
token
holdings.
The
$MGMES
token
is
the
entry
ticket
to
this
digital
competition,
where
the
top
meme
coins
battle
for
dominance.
Participants
can
join
multiple
times,
increasing
their
chances
of
earning
a
25%
token
bonus.

The
Meme
Games
has
caught
the
attention
of
key
players
in
the
crypto
world.
It
has
been
featured
on
major
platforms
like
Binance
Square,
TradingView,
and
CoinCodex,
as
well
as
in
publications
such
as
The
Times
of
India.
This
widespread
recognition
underscores
the
project’s
growing
popularity
and
potential
impact
on
the
meme
coin
market.

The
Meme
Games
is
currently
in
its
presale
phase,
with
the
official
launch
on
decentralized
exchanges
set
for
September
10,
2024.
The
presale
has
already
raised
$367,682.84
out
of
a
$1,078,567
target,
with
tokens
priced
at
$0.00925.

Additionally,
the
presale
process
is
designed
to
be
user-friendly
and
engaging.
Participants
can
easily


purchase
$MGMES
tokens

through
the
presale
widget
on
the
official
website,
making
it
simple
for
a
wide
range
of
crypto
enthusiasts
to
join
in
the
excitement
of
The
Meme
Games.

Visit
the
MGMES
Presale

4.
Uniswap
(UNI)

Despite
increased
selling
pressure,
the
Uniswap
price
has
risen
by
about
2%
in
the
past
day
and
over
5%
in
the
last
seven
days.
Additionally,
the
altcoin
has
been
trading
within
a
consolidated
range
between
$5.350
and
$6.920
since
the
beginning
of
the
month,
indicating
weak
bullish
momentum.
However,
the
Relative
Strength
Index
(RSI)
has
steadily
climbed
towards
the
neutral
point,
suggesting
increased
buying
interest
for
the
UNI
coin
in
the
crypto
market.
With
a
bullish
trend
in
its
average
trendline,
the
outlook
appears
positive
for
the
near
future.

If
Uniswap
maintains
its
price
above
the
resistance
level
of
$6.920,
it
could
pave
the
way
for
the
price
to
test
its
upper
high
of
$8.40.
On
the
other
hand,
if
bearish
forces
take
control,
the
altcoin
might
retest
its
low
of
$2.350
this
month.

In
the
meantime,
Uniswap
Labs
has
launched
a
security
contest
for
its
upcoming
v4
release,
featuring
a
$2.35
million
prize
pool.
This
initiative
aims
to
ensure
that
v4’s
smart
contracts
undergo
extensive
audits,
making
them
some
of
the
most
secure
on
the
blockchain. 

We’re
teaming
up
with

@UniswapFND
and

@cantinaxyz
for
the
largest
security
competition
in
DeFi
history

$2.35M
is
up
for
grabs
to
help
make
sure
v4
is
the
most
audited
code
ever
deployed
onchain

Competition
starts
September
4th
????

pic.twitter.com/OwqgxX6pul

—
Uniswap
Labs
????
(@Uniswap)

August
16,
2024

The
$2.35
million
prize
pool
is
the
largest
ever
in
the
decentralized
finance
(DeFi)
sector
and
is
backed
by
the
Uniswap
Foundation
and
the
web3
auditing
network
Cantina.
This
reward
will
encourage
independent
audits
of
Uniswap
v4’s
smart
contracts
and
the
new
Universal
Router,
facilitating
swaps
between
ERC-20
tokens
and
NFTs.

The
anticipated
v4
upgrade
has
also
sparked
discussions
about
its
licensing
terms.
Similar
to
v3,
v4
will
be
released
under
a
four-year
Business
Source
License,
which
limits
the
use
of
the
code
by
others.
The
audit
contest
will
begin
on
September
4
and
run
until
the
end
of
the
month.

5.
Convex
Finance
(CVX)

Convex
Finance
(CVX)
is
gaining
attention
as
a
noteworthy
DeFi
altcoin.
It
has
established
strong
support
at
the
important
$2
level.
Despite
facing
resistance
around
the
50-day
EMA,
Convex
Finance’s
recent
performance
suggests
a
trend
reversal.
Over
the
past
week,
Convex
Finance
has
risen
by
19.80%,
indicating
a
bullish
trend
in
the
MACD
indicator.
This
positive
movement
suggests
a
potential
breakout,
making
Convex
Finance
an
appealing
option
if
it
surpasses
the
trend
line
resistance,
potentially
reaching
$5.50
for
an
anticipated
120%
rise.

Convex
Finance
is
a
DeFi
protocol
that
allows
Curve
liquidity
providers
to
earn
a
share
of
trading
fees
on
Curve
without
directly
staking
their
liquidity.
LPs
can
receive
enhanced
CRV
and
liquidity
mining
rewards
by
staking
with
Convex
Finance.
The
project
team
emphasizes
that
this
process
offers
CRV
stakers
better
capital
efficiency.

Where
to
earn
something
for
crvUSD?

@ConvexFinance
currently
offers
somewhere
around
10-20%
yield
on
it,
depending
on
the
pool
or
lending
market

pic.twitter.com/ns6cNtl6ky

—
Curve
Finance
(@CurveFinance)

August
15,
2024

Convex
Finance’s
price
has
increased
by
19.80%
in
the
past
week.
The
daily
trading
volume
is
around
$20.32
million,
marking
a
rise
of
over
40.88%
in
the
last
24
hours.
The
price
trades
well
above
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
breaking
through
resistance
levels
at
$2.57.

With
a
market
cap
of
$229.98
million,
Convex
Finance
is
trading
at
$2.36,
with
a
1.44%
rise
in
the
past
24
hours.
The
daily
chart
shows
a
positive
trend
as
the
price
bounces
back
from
a
support
trendline.
Furthermore,
this
upward
movement
suggests
the
beginning
of
a
positive
cycle
within
a
larger
falling-wedge
triangle
pattern.
With
the
next
resistance
at
$2.811
or
the
23.60%
Fib
level,
the
upside
potential
in
this
DeFi
token
is
18.11%.

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