Next Cryptocurrency to Explode Friday, August 2 — Frax Share, NEM, Helium, Skale

As
Bitcoin
made
slight
gains
in
the
past
24
hours,
some
altcoins
also
experienced
bullish
trends,
boasting
significant
increases.
Meanwhile,
other
cryptocurrencies
also
show
signs
of
readiness
to
surpass
crucial
resistance
levels.

Many
altcoins,
like
Frax
Share,
NEM,
and
Skale,
are
experiencing
a
bullish
trend.
Based
on
the
market
data
from
these
cryptocurrencies,
some
have
posted
gains
in
the
same
period,
and
higher
gains
are
likely.
It’s
becoming
evident
that
some
of
these
tokens
will
become
the


next
cryptocurrencies
to
explode.

Next
Cryptocurrency
To
Explode

Many
investors
will
be
moving
to
seize
new
opportunities
in
the
current
market.
Analysts
are
highlighting
the
potential
of
upcoming
projects,
and
one
example
worth
checking
out
is
WienerAI.
The
project
aims
to
merge
AI
and
crypto
trading
to
create
a
powerful,
user-friendly
trading
platform.
Below,
we’ll
look
at
updates
on
the
project
and
its
future.

1.
Frax
Share
(FXS)

Frax
Share
is
a
groundbreaking
cryptocurrency
with
a
fractional-algorithmic
stablecoin
that
combines
the
dependability
of
traditional
finance
and
the
flexibility
of
decentralized
finance
(DeFi).

Frax
Share’s
ecosystem
has
attracted
attention
due
to
its
strategic
partnerships
and
promising
price
projections.
Unlike
traditional
stablecoins
that
are
directly
pegged
to
fiat
currencies,
Frax
uses
a
fractional-algorithmic
method.
This
method
ensures
stability,
maximizes
capital
efficiency,
and
maintains
its
peg
to
the
US
dollar
by
dynamically
adjusting
collateral
ratios.

Yields
on
yields
on
top
of
yield
bearing
assets
on
Fraxtal
Balancer
pools.
Earn

$OP,

$FXS,

$FXTL
points,
&
more
while
LPing
yield
bearing
tokens.
????https://t.co/u6pdG5kGbR

https://t.co/ONoT2pV10e

—
Frax
Finance
¤⛓️¤
(@fraxfinance)

July
26,
2024

In
the
past
24
hours,
the
price
of
FXS
has
grown
by
over
14%,
with
the
market
cap
experiencing
similar
growth.
The
market
cap
surged
to
$198,680,672,
and
the
daily
trading
volume
increased
by
93.15%,
reaching
$43,061,093.

As
the
native
governance
token
of
the
Frax
Protocol,
FXS
is
essential
for
maintaining
the
system’s
stability
and
governance.
The
token’s
value
is
tied
to
the
protocol’s
performance,
so
rising
demand
for
Frax
stablecoins
drives
FXS’s
value
higher.
Predictions
suggest
a
positive
outlook
for
FXS,
and
price
projections
indicate
significant
growth
as
the
protocol
expands
its
market
presence
and
user
base.

2.
NEM
(XEM)

NEM
is
a
blockchain
platform
launched
in
March
2015
to
address
the
limitations
of
earlier
chains.
As
one
of
the
first
non-Turing
complete
chains,
NEM
introduced
key
features
like
user-defined
tokens
(mosaics),
customizable
namespaces,
and
multi-signature
accounts.
It
also
implemented
a
unique
peer-to-peer
trust
mechanism
called
the
EigenTrust++
reputation
system.

NEM’s
proof-of-importance
consensus
mechanism
also
rewards
on-chain
activity
and
counters
wealth
concentration,
which
is
common
in
proof-of-stake
systems.
The
platform’s
client,
NIS,
is
developed
in
Java,
providing
a
strong
foundation
for
its
operations.

NEM
recently
recorded
an
impressive
7.40%
increase,
bringing
its
price
to
$0.02664.
While
the
current
price
prediction
sentiment
is
neutral,
a
Fear
&
Greed
Index
of
57
(Greed)
indicates
bullishness.
Moreover,
the
short-term
outlook
is
promising,
with
60%
green
days
in
the
past
month
and
low
volatility
at
11%.

NEM
serves
as
an
alternative
payment
method
for
various
businesses
and
vendors.
It
supports
a
range
of
applications,
especially
in
Japan,
where
it
supports
social
media
platforms
like
nemgraph.
This
community-driven
app
offers
a
unique
alternative
to
Instagram. 

Furthermore,
NEM’s
security
is
a
key
strength,
supported
by
its
unique
consensus
mechanism
and
a
solid
blockchain
framework.
These
features
collectively
enhance
its
reliability,
making
NEM
a
trustworthy
option
for
digital
transactions
and
applications.

3.
WienerAI
(WAI)

The
presale
phase
of
the


WienerAI

initial
coin
offering
may
have
ended,
but
there
is
still
time
to
get
the
token
before
it
is
listed
on
exchanges.
Firstly,
according
to
an
X
post
from
the
team,
WienerAI’s
$WAI
token
will
be
listed
on
top-tier
exchanges
on
Monday,
August
5th.
Moreover,
even
though
the
presale
has
ended,
the
accommodating
team
at
WienerAI
has
allowed
latecomers
to
buy
the
token
to
satisfy
persistent
demand.

This
unique
meme
coin
has
raised
over
$9
million
from
eager
investors.
Its
artificial
intelligence
trading
use
case
attracts
these
investors.
As
the
crypto
market
faces
pressure
from
the
Mt.
Gox
distribution
to
creditors,
investors
favor
projects
like
WienerAI.
This
project
provides
excellent
market
fit,
better
capital
preservation,
and
appreciation
potential.

Furthermore,
announcements
from
the
project
indicate
that
the
coin
will
be
listed
on
decentralized
and
centralized
exchanges.
This
is
evident
from
their
statement
about
“partnering
with
top-tier
exchanges.”
Additionally,
there
is
an
incentive
to
invest
now,
with
the
chance
of
earning
rewards
worth
123%
annually,
paid
in
$WAI
tokens.

The
regular
presale
phase
has
ended!

Get
ready:
Token
claims
and
trading
kick
off
on
Monday,
August
5th.

We’re
partnering
with
top-tier
exchanges
for
the
launch.

pic.twitter.com/GvgxgRx7ai

—
WienerAI
(@WienerDogAI)

July
31,
2024

WienerAI’s
crypto
trading
bot
makes
finding
trade
setups
as
easy
as
asking
ChatGPT
a
question.
Trading
professionals
will
no
longer
have
an
edge
over
retail
traders.


WienerAI’s

technology
aims
to
turn
ordinary
traders
into
expert
and
profitable
market
participants.
The
platform
scans
the
market
for
patterns
and
signals,
which
would
otherwise
require
many
hours
of
monitoring
and
expertise.
With
the
forthcoming
WienerAI
platform,
traders
can
position
themselves
to
take
advantage
of
solid
trading
opportunities
before
they
arise.

Buy
WienerAI
Tokens
Now

4.
Helium
(HNT)

The
HNT
price
is
ready
for
a
bullish
trend
after
a
trendline
breakout.
Firstly,
the
altcoin
faces
resistance
at
the
38.20%
Fibonacci
level
at
$5.610,
causing
a
retest
of
the
broken
trendline.
However,
with
a
successful
reversal
after
the
retest,
the
HNT
price
surged
7.78%
overnight,
forming
a
bullish
engulfing
candle. 

Nevertheless,
sideways
movement
between
two
Fibonacci
levels
led
to
a
bearish
cross
in
the
MACD
and
signal
line.
Considering
the
broader
market’s
bullish
turnaround,
with
Bitcoin
surpassing
$65,000,
the
altcoin
price
could
reach
the
78.60%
Fibonacci
level
at
$8.514.

Moreover,
the
HNT
token
rebounded
from
its
lows
in
July’s
second
fortnight,
reviving
hopes
of
a
fresh
ascending
trend.
However,
the
price
remains
in
a
decisive
phase,
showing
the
potential
to
rise
above
$6
or
drop
below
$3.
Therefore,
the
next
few
days
are
crucial
for
the
HNT
price,
which
could
significantly
impact
future
price
action.

Helium’s
price
analysis
also
reveals
a
steady
increase
over
recent
weeks,
starting
around
July
12th.
In
the
last
seven
days,
we
have
had
more
price
increases
than
declines.
Helium’s
price
surged
by
over
8%
at
the
beginning
of
the
past
week,
moving
from
approximately
$4.5
to
$4.8.

https://t.co/nKetk9DekQ

—
Helium????
(@helium)

July
31,
2024

Despite
experiencing
declines
on
two
days
within
the
week,
it
closed
around
$5.5,
marking
a
4.8%
rise.
CoinStats
data
highlights
HNT
as
the
week’s
top
performer,
with
an
overall
gain
of
18.8%.
Furthermore,
Helium’s
Relative
Strength
Index
(RSI)
is
currently
above
70,
indicating
a
strong
bullish
trend,
although
it
is
overbought.

5.
Skale
(SKL)

SKALE
is
a
modular
blockchain
network
designed
to
enhance
Ethereum’s
scalability.
Firstly,
it
provides
unlimited,
fast,
secure
blockchains
with
zero
gas
fees.
These
blockchains,
known
as
SKALE
chains,
can
be
customized
or
shared
among
different
decentralized
applications
(DApps).

Moreover,
this
setup
allows
DApps
to
function
in
a
decentralized,
modular
cloud
environment.
This
results
in
faster
and
more
cost-effective
execution
of
Solidity
smart
contracts,
which
is
particularly
advantageous
for
projects
such
as
games
and
streaming
services.

In
the
last
24
hours,
SKALE’s
price
has
risen
by
7.69%,
reaching
$0.05349.
Additionally,
the
token
has
a
strong
liquidity
ratio
of
0.1902
and
a
Greed
and
Fear
Index
of
76,
indicating
“Greed.”
Over
the
past
year,
SKALE’s
price
has
increased
by
70%,
outperforming
half
of
the
top
100
crypto
assets.
Furthermore,
the
token
has
posted
25
green
days
in
the
last
30
days.

As
gaming
evolves,
so
does
the
creator
economy!
????
????
????️

@TheMetakraft
is
now
utilizing
SKALE
to
enable
seamless
on-chain
3D
asset
exports
into
Web3.0
games
and
XR
applications.

Get
ready
for
a
new
era
of
virtual
asset
creation:

https://t.co/c9S9YMiglN

pic.twitter.com/BVd3m4Ll7Q

—
SKALE
(@SkaleNetwork)

August
1,
2024

Recently,
SKALE
released
the
Pacifica
V3
upgrade.
This
upgrade
significantly
increased
block
mining
speed
by
108%
and
transaction
throughput
by
122%.
Consequently,
it
enhances
the
network’s
overall
performance,
supports
EIP-1559
transactions,
and
improves
contract
functionality.

As
a
result,
SKALE
can
now
process
over
300
transactions
per
second,
with
block
mining
times
reduced
to
under
2
seconds.
Additionally,
SKALE
saved
users
approximately
$400
million
in
gas
fees
in
June
alone
while
facilitating
around
55
million
transactions.
As
further
detailed
below,
these
substantial
improvements
have
increased
demand
and
utility
for
the
SKL
token.

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