Next Cryptocurrency to Explode Tuesday 26 September - Meme Kombat, Frax Share, Wall Street Memes

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The crypto market saw an upswing early Tuesday. The market capitalization reached $1.05 trillion, rising by 0.58% in the last 24 hours. The move indicates a positive trend in the crypto space after dropping for the previous five days up till Monday.

The daily trading volume experienced a robust growth of $22.74 billion in the last 24 hours. This figure shows a 7.88% increase in trading activity during this period. Traders are poised to push as many assets as possible to the category of the next cryptocurrency to explode.

Decentralized finance had a trading volume that reached $1.93 billion. It comprises 8.47% of the overall crypto market’s 24-hour trading volume. Stablecoins had a total volume of $21.54 billion. This constitutes 94.73% of the entire 24-hour trading volume within the crypto market.

Bitcoin maintains its dominance with a current market share of 48.95%. This marks a slight increase of 0.02% in 24 hours.

Oil prices also fell on Tuesday. The fall was driven by worries that the major central banks, despite expected supply constraints, will maintain higher interest rates for a long time. It may stifle fuel demand.

The world’s leading economic policy institutions, including the U.S. Federal Reserve and the European Central Bank, recently emphasized their commitment to curbing inflation. This shows that there may be a long period of stringent monetary policies. It could result in dampened economic growth and subsequently reduce oil consumption.

Next Cryptocurrency to Explode

Furthermore, on Monday, the credit rating agency Moody’s warned against a U.S. government shutdown. It said the shutdown could have detrimental effects on the country’s credit. This caution comes approximately one month after Fitch downgraded the U.S. credit rating by one notch due to debt ceiling crisis concerns.

1. Frax Share (FXS)

The FXS coin adheres to both BTC ERC-20 token standards. It features 18 decimal points on the blockchain platform. The Frax Share project was created by a team led by Sam Kazemian, a co-founder of Frax Protocol.

Frax Share recently experienced a substantial price surge. It saw up to 146.62% growth in crypto derivatives volume. This surge led to a 16.65% rise in the open interest for the asset, which currently stands at $15.62 million. At the same time, the FXS coin maintains a long/short ratio of 1.0329.

At the time of this report, FXS’s market capitalization has advanced by 4.57%, reaching $427.7 million. Furthermore, the spot volume has grown impressively. It surged by 113.69%. This suggests significant interest and engagement within the trading community regarding the Frax share.

FXS has a volume-to-market cap ratio of 4.23%, with a circulating supply of 74.09 million FXS tokens out of 99.681 million FXS. These are data that guarantee FXS as the next cryptocurrency to explode.

The coin’s latest price action shows that it is consolidating within a particular range, characterized by the formation of bullish candlesticks. After declining from previous highs, FXS establishes a lower-level base, potentially forming an accumulation zone that could precede a significant upward move.

The coin trades under the Exponential Moving Averages, forming lower highs. This movement indicates a stronger presence of sellers in the market. The 50 and 200-day EMAs have crossed each other in a bearish direction, signaling a bearish trend.

However, the token’s Relative Strength Index (RSI) is above 50. If it ventures into overbought territory, it could signal a bullish turn in the price.

2. Bitcoin Cash (BCH)

Bitcoin Cash (BCH), like FXS, is also seeing a measure of resurgence. It is currently drawing the attention of crypto traders and investors. Market players already see signs that it is the next cryptocurrency to explode.

This recent rally in Bitcoin Cash can be attributed to some things. First, developments and strategic partnerships have significantly enhanced the coin’s appeal. One such landmark event was the listing of Bitcoin Cash on EDX markets in June. It inevitably triggered heightened demand and interest in the BCH token.

Furthermore, the recent collaboration between Ledger and PayPal has contributed to Bitcoin Cash’s growth—these strategic moves and increasing user interest fueling optimistic Bitcoin Cash price predictions.

Some industry experts are making bullish forecasts, suggesting that the price of Bitcoin Cash could reach $285.43 within the fourth quarter of 2023. The asset is currently up by 3.18% as it sells at $212.27.

3. Meme Kombat (M.K.)

The new memecoin on presale, Meme Kombat, is set to become the market’s favorite from its inception. As it blends the thriving meme characters like Dogecoin, Shiba Inu, Pepe, Floki, and others, it has easily become the next cryptocurrency to explode.

The crypto community is well-acquainted with the high potential of memecoins and the rewards attainable through staking. Meme Kombat is, however, introducing an innovative avenue for earnings.

Who wants it more, @dogecoin or @RealFlokiInu? Lets find out #MemeKombat pic.twitter.com/8dI82o5zof

— Meme Kombat (@Meme_Kombat) September 25, 2023

This project combines artificial intelligence with blockchain technology to create a unique gaming experience. The Meme Kombat Battle Arena features a space for players to battle against one another and encounter in-game challenges. Participants stake and wager their tokens on the outcomes of battles featuring characters representing various renowned meme coins.

The most skilled player emerges victorious in the battles and gets rewarded with valuable prizes that investors eagerly anticipate. Payments are made instantly using blockchain technology, improving the overall gaming experience while ensuring transparency and security for all players. These enticing features and captivating design guarantee the potential for a 10x return on investment, making it the next cryptocurrency to explode.

The concept of stake-to-earn has consistently gained popularity in the crypto realm for good reason—it provides investors with earning opportunities despite the market’s inherent volatility. It comes as no surprise that Meme Kombat offers this feature as well.

From the presale phase onward, new token holders can promptly engage in staking their tokens and receive an impressive annual percentage yield (APY) currently standing at 112%. This means that early investors stand to gain the most, as they can start earning from the outset and benefit from potential price increases.

Visit Meme Kombat.

4. Wall Street Memes (WSM)

As the crypto market looks forward to the end of the Wall Street Memes token presale and its listing on exchanges, OKX made an official announcement. The crypto exchange plans to list the coin on its spot market starting today at 10:00 (UTC). With this listing, OKX users can engage in WSM trading, particularly against USDT, through the WSM/USDT spot pair.

🔔 #NewListing Alert!@okx will be the primary exchange to list $WSM!

🗓️ Going live on: Tuesday, 26th of September
⏰ At: 10 am UTC

Sign Up Now!https://t.co/vXqN8wqBXZ pic.twitter.com/VzbsZmg100

— Wall Street Memes (@wallstmemes) September 25, 2023

Deposits for WSM have been enabled since Monday at 18:00 (UTC), facilitating users’ seamless engagement with the token. Furthermore, traders and investors can withdraw WSM tokens starting from 10:00 (UTC) on September 27.

WSM is the memecoin underpinning the Wall Street Memes platform, a decentralized meme marketplace built on the Ethereum blockchain. Wall Street Memes empowers creators to craft and sell memes while enabling collectors to engage in meme buying and selling activities. As an ERC-20 token, WSM serves as the means to transact memes within the Wall Street Memes ecosystem and participate in its governance processes.

Visit Wall Street Memes.

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