The market capitalization of the global crypto market has slipped yet again by 3.29% this time. The market’s value now sits at $1.02 trillion – a striking difference from the last 24 hours as reported in our last next cryptocurrency to explode post.
In the last 24 hours, the entire crypto market had a trading volume worth $36.29 billion. That makes a 15.92% rise from the trade volume of the previous day. The decentralized finance sector had a trading volume of $2.64 billion at that time, which amounts to 7.27% of the entire market’s volume. Whereas, stablecoins exchanged hands in deals worth $35.07 billion at the same time. This amounts to 96.64% of the crypto market’s trading volume in the last 24 hours.
Bitcoin is still struggling with its market dominance. It lost 0.10% of it in the last 24 hours and now dominates the market by 47.46%.
Stocks have risen on the back of poor Chinese data for the month of May. The news ignited hopes of a stimulus package for the economy and investors. The Euro is, however, still waiting for the European Central Bank’s decision before making a decisive turn.
Whereas, the US Federal Reserve has said it is holding off raising interest rates at this time. The effect resonated through the stock market and other sectors. Nevertheless, the bank said there will be rate hikes in the future.
The crypto market might see the effect of the Feds’ decision in the coming days as investors maintain their spending capacity.
The Next Cryptocurrency To Explode
As the market is recovering from the effects of the Securities and Exchange Commission’s (SEC) recent lawsuit, cryptocurrencies are jostling for the top spot again. Some assets’ gain rate has been nothing short of tremendous because of the recovery time.
Some others have risen today and they form the basis of our next cryptocurrency to explode post for today. Investors might want to learn a thing or two here before investing in certain assets.
1. Wall Street Memes (WSM)
This year, memecoins have stood out and they are giving traders a good level of profit. Wall Street Memes especially stood out within the crypto market and it is generating a lot of excitement for good reasons. It combines the best parts of the memecoin community and cryptocurrencies. There are reasons why a lot of investors keep considering it a top memecoin.
The platform has become a community absolutely rooted in Wall Street Bets and GameStop movements. It has blended the internet culture, financial industry, and humor based on memes. The Wall Street Memes platform has essentially transformed itself into a tokenized one by introducing a native token, WSM.
With the WSM token, individuals can take part in and invest speculatively as they do on Wall Street. The difference here is that it has a playful and almost irrelevant approach. Individuals show support for the WSM token by joining the community and investing in the token. With that, they have access to gain from memecoins in the future.
The Wall Street Memes platform is an embodiment of how the internet triumphs over capitalism. It converts the movement for its own good and embraces the democratization of finance and all the potential available in cryptocurrencies.
The token is currently undergoing its presale phase at $0.0289. Despite the fact that it has only begun for a short period, the project has raised over $7.1 million so far and still counting. This is a huge achievement for such a popular movement. There are, therefore, possibilities that this project could raise up to $10 million before the end of its presale.
Investors who are yet to invest have the chance to invest in it right now and be a part of its promising future. WSM is beyond a token at this point, it has become a lifestyle.
Visit Wall Street Memes.
2. Uniswap (UNI)
Although the market is still fighting hard against the downtrend, as evident in the market capitalization drop. But while this goes on, Uniswap is standing firm with other tokens that have managed to weather the storm. It now joins other altcoins in leading the market and shares a positive perspective as the next big cryptocurrency to explode.
Uniswap is currently up by 5.61% over the course of the last 24 hours. Although the asset lost over 4% of its value over the last 7 days while the market was down, the new raise will help it shed off the loss if sustained for a time.
The latest sentiment that got Uniswap up in the market is based on a new announcement for a V4 engine. This will be launched 2 years after the V3 engine was launched into the market. Uniswap Labs announced that its latest V4 engine has the capacity to keep up with the pace of evolution in the cryptocurrency space.
What especially sets this new V4 engine apart is the introduction of hooks, among other important factors. The V4 engine will support pools to spread large orders with time. These pools are those that internally support adding onchain limited orders, and dynamic fees, and act as TWAMMs.
The platform’s native token, UNI, selling fast again and beckoning investors to accumulate more. Interested investors might want to invest before the V4 engine is launched and the price rises correspondingly.
Visit eToro to buy the next cryptocurrency to explode.
3. Ecoterra (ECOTERRA)
Ecoterra is the next cryptocurrency to explode because it remains committed to fighting global warming and making it easier for people to recycle. The platform’s objective is to increase the level of awareness of how important it is to recycle and then give people motivation to do it.
The major way Ecoterra plans to motivate individuals to recycle is to reward them for doing so. Its platform makes it possible to earn passive income while taking part in positive environmental activities like recycling. Its way of reward is called Recycle-2-Earn (R2E).
Part of the things Ecoterra offers is first, its Recycle-2-Earm application. With this app, users can enter what they have recycled, with evidence, and get in line to be rewarded with the platform’s native token, ECOTERRA.
Attention ecoterra community 🌱
Your wait is finally over🎉 Here’s a sneak peek into our mobile app📱
Get ready for an immersive experience as we will unveil the app demo very soon – Sign up, scan items, and witness the power of sustainable living at your fingertips 🚀✨… pic.twitter.com/L9Q63KNkoR
— ecoterra (@ecoterraio) June 13, 2023
Another offer is its marketplace where carbon offsets are sold. Users have the opportunity of offsetting their carbon in the marketplace. They can also use the token to contribute in the way of initiatives that offset carbon. There is also a recycled material marketplace. With this, users can lend a hand to the sustainability effort of businesses. This is done by buying recycled materials such as glass, plastic, metal, and other materials.
The project has now raised more than $5 million in its ongoing presale and it is still counting. This reveals the level of faith investors have in the service the Ecoterra platform sets out to offer. This is the driving force that will bring in more yield for investors in the future. The opportunity to invest in the next big cryptocurrency to explode is still on.
4. Algorand (ALGO)
Algorand has been gaining momentum in the crypto market again in the past few days as a result of its features. The coin also has increasing demand so its price is gaining. It is displaying strong attributes of the next cryptocurrency to explode at this time.
It is an open-sourced and permissionless protocol built on the blockchain and lets users transfer digital assets securely. These digital asset transfers do not also need any intermediaries to make them happen. Importantly, it is powered by the PPoS algorithm that let users stake coins and earn rewards. The platform also offers high levels of scalability as it processes thousands of transactions in a few seconds and charges very low fees.
Around the world, around the world …🌎
Here’s what we’ve been up to lately 🧵↴ pic.twitter.com/Iye4xgYoE2
— Algorand Foundation (@AlgoFoundation) June 14, 2023
Algorand offers investors a fantastic way to diversify their investment portfolios. Rising by 2.16% today gives the guarantee that investors are up for good returns when the asset finally balances up. Interested investors should visit eToro for directions on how to invest in ALGO.
Wall Street Memes – Next Big Crypto
- Early Access Presale Live Now
- Established Community of Stocks & Crypto Traders
- Featured on BeInCrypto, Bitcoinist, Yahoo Finance
- Rated Best Crypto to Buy Now In Meme Coin Sector
- Team Behind OpenSea NFT Collection – Wall St Bulls
- Tweets Replied to by Elon Musk