5 Next Cryptocurrency To Explode October 2021 Week 2

The cryptocurrency market has retraced its steps a little after a jump yesterday. Its total value now stands at $2.24 trillion, having reached almost $2.3 trillion earlier this morning. This means most major coins have shaved anything from 1% to 10% off their prices in the last 24 hours. However, with the market still up compared to a week ago, there remains good potential for another surge in the next few days. Accordingly, we’ve created a list of the 5 next cryptocurrency to explode. This covers coins with good short- and long-term potential. 5 Next Cryptocurrency To Explode 1. Bitcoin (BTC) BTC led yesterday’s spike, and it’s likely to lead tomorrow’s. At $50,700, it’s up by half a percent today, having climbed as high as $52,000 within the past 24 hours. Its current level represents a 24% jump over the past week, as well as a 25% in the last fortnight. It is, however, around 21% down from its all-time high of $64,804, set back in April. BTC’s 30-day moving average (red) has clearly broken away from its 200-day average (blue), indicating that it has reached a new level. And while it did verge into overbought territory yesterday, its relative strength index (purple) has relaxed to a more moderate level. There are plenty of reasons to believe that bitcoin could be on the cusp of surging. On a technical level, the stock-to-flow model indicates an end-of-year price of around $100,000. This would mean that the coin is on the brink of a strong bull rally. On-chain analyses finished tonight: IMO we are midway, no sign of weakness (red) yet. Note color overlay is not months to halving but an on-chain signal. My guess: this 2nd leg of the bull market will have at least 6 more months to go. pic.twitter.com/HAEMYfQ1pT — PlanB (@100trillionUSD) October 2, 2021 More fundamentally, bitcoin continues to witness a steady growth in adoption. Not only do we have other nations lining up to follow El Salvador’s example, but banks continue to rollout BTC-related services. What’s most interesting about this is that, as more people and institutions enter…

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