Next Cryptocurrency to Explode, 31 July — Pump.fun, Mog Coin, Hedera

Identifying the next cryptocurrency to explode demands a closer look at technical progress, community growth, and real-world relevance. With meme cycles cooling, attention is turning to tokens combining innovation with growing user adoption.

This week’s spotlight includes Pump.fun, which has emerged as a hub for meme experimentation and early-stage token launches.

Next Cryptocurrency to Explode

Internet Computer (ICP) is regaining momentum with active development on decentralized AI and Web3 services. Meanwhile, Mog Coin has seen an influx of social volume and new holder count, reflecting its growing retail appeal. Hedera (HBAR) continues to attract institutional interest due to its enterprise-grade DLT solutions and sustainable design.

Beyond market movers, presale tokens like Best Wallet Token (BEST) also draw attention. With plans to launch a cross-chain wallet supporting gasless trading, fiat on-ramps, and automated investing tools like DCA, BEST is building a compelling case for long-term value.

1. Pump.fun (PUMP)

Pump.fun’s recent 24% price surge follows a strategic shift in token economics, with the platform committing 100% of its daily revenue, amounting to over $2.1 million on July 30, to buying back PUMP tokens. This aggressive move has sparked fresh demand and triggered a supply squeeze, positioning PUMP as a standout in the current altcoin rally. 

The impact is measurable: trading volume soared past $630 million, and whale involvement reinforced bullish momentum. Notably, Machi Big Brother holds $14.3 million in PUMP despite being down over $4 million, signaling conviction, while another whale recently acquired over 1 billion tokens at $0.00297.

From a technical standpoint, PUMP broke out of a descending channel on July 29, reversing a short-term bearish trend. Previously at 20.95, the RSI has since climbed, indicating renewed buying pressure. The current price of $0.00317 trades above the 7-day SMA, suggesting short-term strength, though resistance looms at $0.0033. However, PUMP still trades below its launch price, and its 30-day price decline of nearly 50% reflects lingering skepticism.

Challenges remain. LetsBonk now leads daily volume and revenue in the memecoin niche, and PUMP’s revenue has dropped 92% since January. A class-action lawsuit alleging illegal gambling adds legal uncertainty. Meanwhile, shifting developer interest to the Base network raises concerns about long-term growth. Yet, as Bitcoin dominance declines and altcoins heat up, PUMP benefits from a bullish backdrop. The question is whether this buyback-driven rally has legs or is simply a short-term sugar high in a volatile sector.

2. Internet Computer (ICP)

Internet Computer (ICP) posted a modest 3.21% gain over the past 24 hours, fueled by renewed interest in AI-focused crypto projects. The move follows strong earnings from Microsoft and Meta, which have reinvigorated the broader AI narrative. While traditional tech led the charge, traders speculated on crypto AI plays like ICP, pushing it higher despite Bitcoin dominance holding above 60%. The market’s greed-driven sentiment suggests a growing appetite for risk, even if altcoin season remains subdued.

Technically, ICP bounced off key support at $5.38, aided by stability above its 30-day SMA at $5.41. The RSI sits around 49, signaling neutral momentum, while the MACD histogram remains slightly bearish. Still, holding above these technical levels keeps the short-term outlook intact. A break past the $5.82 resistance could confirm bullish continuation, but failure to do so may invite another leg down.

Project fundamentals remain strong. Developer activity ranks among the highest in crypto, and upcoming milestones, like Caffeine AI’s public beta and Chain Fusion’s integration with Solana, are expected to boost visibility. Meanwhile, ckBTC adoption on the platform continues to rise, giving ICP a unique angle in Bitcoin DeFi. 

However, competition from Filecoin, Render, and Tap Protocol highlights the crowded landscape. With supply tight due to staking and rising token burns, any surge in adoption could catalyze upside. As the sector looks toward Nvidia’s August earnings, ICP stands as a potential next cryptocurrency to explode, if its innovation roadmap translates into user traction before the year’s end.

3. Best Wallet Token (BEST)

Best Wallet (BEST) is positioning itself as a game-changer for crypto users who value ease of use and strategic investment tools. With over $14.3 million already raised in early funding, the project has quickly gained traction, thanks to its robust roadmap and growing user base. And now, with less than 29 hours left before the next presale price increase, it may be the perfect time to act. Currently, each BEST token is available for just $0.025415, offering an accessible entry point before demand potentially drives the price higher.

At the core of its appeal is a next-gen crypto wallet that supports 330+ dApps and over 30 cross-chain bridges, allowing for seamless, low-cost crypto transactions. Users holding BEST tokens will soon enjoy gasless trading, which is ideal for long-term holders and active traders. And with support for 100+ fiat currencies, even beginners can easily buy crypto directly from their bank cards.

One standout feature is its upcoming Dollar Cost Averaging (DCA) tool. This automates recurring BTC purchases, removing emotional decisions and aligning perfectly with disciplined, long-term investing strategies. This is a simple, powerful option for anyone looking to follow Ray Dalio’s BTC allocation mindset.

Best Wallet also offers real-world utility through the upcoming Best Card, which lets users spend crypto on everyday purchases and earn up to 8% cashback. The card and its recent WalletConnect certification reflect the team’s focus on real-world integration and trust.

The platform’s Upcoming Tokens section is another alpha engine, highlighting top performers like PEPU, SLAP, and BTCBULL before major exchange listings. It’s a strong signal for retail users hunting for early-stage gains. You can grab BEST tokens now via this official presale link before the next price jump. Don’t miss out on one of Web3’s most promising wallets.

Join the BEST Presale Now!

4. Mog Coin (MOG)

Mog Coin has gained 5.4% in the past 24 hours, backed by a 32% rise in trading volume and fresh listing activity. The coin was recently launched on BiconomyCom (July 28), a move that opened new liquidity channels and attracted retail interest. This listing follows a technical breakout on July 23 from a classic cup-and-handle pattern, which signals a bullish continuation. Analysts have projected an upside target near $0.00000585, representing a possible 250% gain from current levels.

At $0.00000144, MOG is trading just below its short-term resistance zone. Its RSI at 49.99 signals neutral momentum, while MACD remains weak. However, the price structure and overall memecoin rotation suggest momentum could build again if support at $0.00000126 holds. 

The Altcoin Season Index has climbed to 38, up over 80% in a month, and Bitcoin’s rally near $120K has pushed capital into speculative tokens like MOG. Whale concentration is high, with 37.5% of the supply held by large wallets, adding to potential volatility and hinting at institutional interest.

MOG’s rise is also fueled by its strong community and cultural appeal in the memecoin sector, where cat-themed coins are gaining attention. Its $563 million market cap leaves room for expansion, especially if Bitcoin cools and altcoin appetite rises. With a solid technical setup, improving liquidity, and increasing social metrics, MOG presents a mix of short-term momentum and speculative upside, though its sustainability may depend on broader market sentiment and meme sector cycles.

5. Hedera (HBAR)

Hedera (HBAR) rose 5.4% over the past 24 hours, following a technical breakout above $0.26 and renewed interest driven by Robinhood’s July 25 listing. This integration improved retail access and led to a 12% intraday price spike, which continues to influence buying volume. On July 31, analysts pointed to a bullish engulfing candle and a parabolic uptrend, supporting a possible move toward $0.375 if momentum holds.

The 14-day RSI sits at 56.41, not yet overbought, while the price trades above the 7-day SMA at $0.2655, indicating trend strength. Fibonacci levels show key support at $0.2665, with upside potential toward $0.348. The MACD histogram remains negative, but recent buying suggests the start of a stronger leg up. Derivatives markets confirm growing interest, with open interest rising 6% to $271 million.

HBAR’s long-term narrative continues to strengthen through enterprise partnerships with IBM and Google, as well as recent AI tools like AI Studio. The Robinhood listing adds retail demand, while ETF speculation offers institutional upside. The SEC’s ongoing review of the Canary HBAR ETF could become a key trigger in Q3. Altcoin flows are also improving, with Bitcoin dominance dropping to 60.83% and the Altcoin Season Index rising 8.5% in 24 hours.

With strong fundamentals, institutional narratives, and rising volumes, HBAR stands out as the next cryptocurrency to explode, especially if ETF approval aligns with further market rotation. Traders will be watching the $0.266 level as a key zone for validation or consolidation.

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