Next Cryptocurrency to Explode Friday 22 September - Wall Street Memes, Terra Classic, Zcash

Join Our Telegram channel to stay up to date on breaking news coverage

The crypto market capitalization took a further dip early on Friday than on Thursday. The market declined by 1.34% in the last 24 hours. The total market capitalization for the crypto market now stands at $1.06 trillion.

In contrast to the dip in market cap, the total crypto market volume over the last 24 hours has witnessed an explosive 764.73% increase, reaching a staggering $242.7 billion in trading volume. The decentralized finance sector has stood out within this surge, contributing $65.01 billion, accounting for 26.79% of the total crypto market 24-hour volume. Meanwhile, stablecoins have played a dominant role, representing $240.75 billion in trading volume, constituting an overwhelming 99.20% of the total crypto market 24-hour volume.

Bitcoin currently commands a market dominance of 49.17%, marking a marginal decrease of 0.01% over the last 24 hours.

Although the market is going through a reversal, a few assets still maintain their position in the green. All thanks to the trading activities, the next cryptocurrency to explode will find its way to the top, irrespective of the conditions.

The Japanese Yen also declined following the Bank of Japan’s (BOJ) decision to uphold its ultra-easy monetary policy and maintain its existing outlook. At the same time, both stocks and bonds faced downward pressure as investors braced themselves for the possibility of further high US interest rates.

Next Cryptocurrency to Explode

As widely anticipated, the BOJ continued to implement extremely low-interest rates and left its yield control policy untouched, signaling its cautious approach to gradually phasing out its extensive monetary stimulus. Governor Kazuo Ueda is scheduled to hold a news conference at 0630 GMT to provide further insights into the central bank’s decision.

1. Wall Street Memes (WSM)

The end of the Wall Street Memes” (WSM) presale is getting closer to zero. The project has also emerged as a rare investment opportunity in the world of memecoins. This memecoin offers the potential for huge returns on investment.

I don't even know the guy 🤣 pic.twitter.com/GSP9DxbzTC

— Wall Street Memes (@wallstmemes) September 21, 2023

With only three days remaining before the project moves from its highly successful presale to a Tier-1 centralized exchange (CEX) listing, the sense of urgency is aligning with the opportunity. Therefore, it has become a compelling proposition that every discerning investor should respect.

Wall Street Memes’ momentum often serves as a harbinger of its future success and durability among memecoins. With regard to that, the project has not just entered the scene; it has made a seismic entrance.

After raising over $25 million in funding during its presale, Wall Street Memes is on the verge of becoming one of the standout meme coin launches of 2023.

This financial achievement is further magnified by the size and enthusiasm of its growing community. The project now has followers who number more than one million supporters. Each of them is a potential advocate for WSM tokens and a probable catalyst for its market performance once it debuts on a Tier-1 centralized exchange next week.

Interest in the Wall Street Memes has been partly fueled by an impressive marketing campaign carried out by the Wall Street Memes ecosystem. It has notable figures such as leading crypto presale analyst Jacob Crypto Bury suggesting that Wall Street Memes could be the next cryptocurrency to explode, especially with just three days remaining for potential buyers.

Visit Wall Street Memes.

2. Terra Classic (LUNC)

According to CoinMarketCap, LUNC currently sells at $0.00006378. This price shows a 10.01% gain in the past 24 hours. It has also risen by 9.87% in the last 7 days. The token is rising quite impressively despite being in a declining position for several weeks.

Historical data reveal that within falling channel patterns like the one LUNC followed, there is often a potential for a bullish breakout. This raises the possibility of LUNC breaking through the upper trend line and potentially hitting a bull run.

Crypto experts have pointed out that such a bullish move could increase demand for Terra Luna Classic, potentially driving the coin’s value up by as much as 25%. This would place the next major resistance level at $0.000075, providing optimism for LUNC token holders.

Validators are reporting an increase of 1.4%-4.6% APY in delegator rewards after Prop #11513 was implemented in v2.2.1 which diverts part of the burn tax to the distribution module.

This is a big boost to all delegators and validators on the chain. 🎉

— Terra Classic Foundation (@TCF_Terra) September 19, 2023

However, we should be aware of the current instability in the market. Nicholas Merten, a crypto analyst, recently sent out a warning during a YouTube session. Merten predicted that Bitcoin and altcoins will go through a prolonged bearish trend. He expressed concerns about the potential for widespread liquidations and the removal of excess capital from the system, which could contribute to economic challenges.

Terra Luna Classic’s price pattern continues to be a subject of great interest among crypto enthusiasts. Many rightly read the signs that it is the next cryptocurrency to explode. While a potential bullish breakout is expected due to historical data, the overall market climate is uncertain.

3. THORChain (RUNE)

Metamask now supports the THORChain (RUNE) protocol. The development has incredibly excited self-custody crypto traders. Note that THORChain has been trying to address the challenge of cross-chain trading within the decentralized finance space.

Integrating THORChain (RUNE) with Metamask signifies an important step toward unleashing the protocol’s full potential. Metamask, with a user base of over 30 million worldwide, stands as one of the most used self-custody crypto wallets. Its compatibility with THORChain (RUNE) could potentially mark a transformative milestone for the protocol.

This partnership between THORChain and Metamask highlights the evolving dynamics within the crypto trading landscape. It is especially one that will push RUNE to become the next cryptocurrency to explode.

When the announcement was made on the 15th of September, THORChain’s native cryptocurrency, RUNE, appeared to have sustained its prior bullish trajectory. This suggests a growing bullish sentiment as access to RUNE tokens via Metamask becomes available.

First loans being closed.

L1 lending lifecycle proven.

Onwards, $RUNE pic.twitter.com/4YX8WkSROf

— THORChain (@THORChain) September 22, 2023

Analysts are projecting that RUNE could rise to $2.55 by the end of this year, buoyed by increased demand. Nevertheless, traders should remain vigilant for the potential resurgence of selling pressure as THORChain (RUNE) nears overbought conditions.

4. Zcash (ZEC)

ZCash (ZEC) is celebrated for its unwavering commitment to privacy and anonymity. The network leverages sophisticated cryptographic techniques, notably zk-SNARK, to protect transaction details.

Zcash’s privacy feature executes transaction verifications as it guards sensitive user information. This operation ensures a high level of privacy for its users. In other words, by default, transactions on Zcash conceal important details such as the sender and recipient addresses or the transferred amount. Consequently, ZCash has emerged as a preferred choice for individuals who prioritize privacy and confidentiality.

The increasing demand for privacy-focused coins has pushed ZCash into the spotlight. The demand is also fueled by the concerns surrounding data privacy. Furthermore, institutional interest in ZCash’s privacy-centric solution is also playing a pivotal role in its recent upswing.

Empowering Privacy:

Unleashing the Power of Human Dignity and Control

– @valkenburgh #Zcash pic.twitter.com/pJ4RLcI0mF

— Zcash Foundation 🛡️ (@ZcashFoundation) September 19, 2023

All these factors are ensuring that the platform’s native token, ZEC, becomes the next cryptocurrency to explode. The token currently sells at $26.19 as it heads for a bull run.