Next Cryptocurrency to Explode Friday 23 June - Wall Street Memes, Bitcoin Cash, Chainlink

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The crypto market has lost some of its market capitalization today. The UK has also finally raised interest rates to 5%. This had an almost immediate effect on all aspects of the country’s economy after it was announced on Thursday. Oil prices slid as worries rose over demands.

The US expectations of a rate rise this year are also leading to job cuts. The Wall Street Journal, on Thursday, quoted sources close to Ford. It said the company is planning to lay off some of its staff in the US in order to cut its costs.

The recent rate hike in Turkey also sent the lira spiraling down. The Turkish currency fell by up to 2.8% to hit a record low on Friday. This extended the currency’s loss and reversed most effects of President Erdogan’s economic policies.

In Japan too, consumer inflation rose higher than the Bank of Japan’s expectation. The inflation was driven by the increased cost of food and other household necessities. It indicates that there is been a drag on consumables due to the increasing cost of living.

The distributed economic conditions across the globe touch every crypto investor. With the different levels of available funds, investors don’t have the same appetite for risky assets. Moreso, with the sharp increase in the price of daily need items such as food. It is, however, expected that economic zones with better financial conditions will hold up the market at this time.

The Next Cryptocurrency To Explode

While some crypto assets have relapsed for now, some others are still firmly green. Most assets in the first 100 are rising and making a profit for their investors. The financial power required to them where they are is still available. It can only be hoped that things ease out before they are in dire need of a boost.

1. Wall Street Memes (WSM)

Wall Street Memes have become a real force to reckon with in the crypto ecosystem. The project has raised close to $10 million now that its presale is still going. Demand for the presale token has also risen almost like never before.

Crypto market observers are of the opinion that Wall Street Memes’ native token, WSM, could be getting ready for an unprecedented level of growth later this year. This is built on the fact that the Wall Street Memes development team had delivered such achievements in times past. Think of the Wall Street Bulls NFT Collection.

The NFT collection was completely sold out within 32 minutes after it was launched. It raised an unbelievable $2.5 million in that short period of time.

Part of the goal of the presale is to give back to the community that faith in it at the first stage. This was the setup that helped to increase the momentum around the token during the ongoing presale. Right now, it has a community of more than a million members.

There is increased anticipation toward the WSM token listing on exchanges. It is scheduled to come up later in the year. Influencers have thrown their weight behind the token and they have called some ambitious prospects for it.

Wall Street Memes seem to be on the course for outstanding success in the memecoin space. Only time will prove everyone right. Investors who have not joined the presale at this stage have an ongoing opportunity before the next price increase.

Visit Wall Street Memes.

2. Bitcoin Cash (BCH)

Bitcoin Cash, the next cryptocurrency to explode, was built out of a hard fork of the Bitcoin network. It was designed to have faster operations and deliver cheaper transaction fees than the actual Bitcoin system. It emerged as a result of the stiff competition that took place in 2017 during the bull run.

According to Bitcoin Cash proponents, it is major a P2P means of exchange. Bitcoin proponents, on the other hand, see it primarily as a store of value. This dichotomy led to the creation of the fork.

A lot of times, price action around Bitcoin influences how the crypto market behaves. When there is a BTC price jump, its derivatives like BCH are usually expected to jump too. That is the effect seen with BCH right now. Its gain percentage and price have been on the high side since Bitcoin rebounded and it fell into the green. The increased trading volume is an indication that investors are buying BCH again so they could benefit from the current rally.

Hence, BCH, a lot of times depends on the growth of BTC. As a result of that, investors are confident that even if there is a bear market, the impact will not be so much on BCH. This level of safety attracts investors and traders to BCH and makes them want to buy more.

Investors who would like to benefit from the building momentum around Bitcoin Cash should latch on to the token now. Its returns are as good and promising as Bitcoin’s because of their association.

3. Polkadot (DOT)

The next cryptocurrency to explode now is Polkadot’s DOT. The crypto asset has gained a lot of popularity in the crypto industry over the years. Created by a co-founder of Ethereum, Gavin Wood, it has a different goal. The platform’s promise is to let various blockchains work together without any stress.

Now that there is a lot of interest in Polkadot, many investors are wondering what its future might hold.

Crypto experts are anticipating that DOT’ average price would rise to $5 in a few weeks. This was based on the asset’s price movements from the beginning of the year. The minimum price expected for the asset to sell is $4.73. It currently sells at $4.92.

Polkadot was set up to fix the scalability and interoperability problems facing the blockchain ecosystem. It has so much potential with experts believing it is the next big cryptocurrency to explode. It has drawn lots of attention because of its technological innovations and the team of developers behind it. DOT’s price has been on a steady rise because of these.

4. Chainlink (LINK)

Analysts are pushing the thought that Chainlink’s LINK has sufficient potential to outperform most altcoins. They say the token has a chance of becoming a top gain in a few months and becoming the next cryptocurrency to explode.

As of the time of this report, LINK trades at $5.86 and up by 3.81% in the last 24 hours. LINK was one of the several altcoins that benefitted from the 2020/21 adoption of decentralized finance. Decentralized Finance protocols saw a considerable increase at that time.

The dominant market atmosphere is that LINK will rally further and rise toward the direction it was at the beginning of the year. The asset’s price fell from $9.50 and that has formed a resistant point for the LINK token this year. While the price was down, analysts believed that bulls strove hard to defend the $5.50 level.

Although the token has not broken above the resistance point yet, investors are doing an amazing job at holding it still. If the momentum continues, then LINK invests are out to have a good time when the next big cryptocurrency to explode fully recovers.

5. VeChain (VET)

VeChain has risen by a cumulative 35% over the last 2 weeks. It is currently up by 11.81% while selling at $0.0185. The asset has had an extremely bully price action while it is about to create a bullish engulfing candle. The current bullish run will negate most of the losses the asset has seen long before this period.

Investors now have more encouragement to invest in the VET token as it is at the doorstep of a bullish run. The next cryptocurrency to explode is a literal reality in the case of VET, don’t miss it.