Next Cryptocurrency to Explode Monday 25 September - Wall Street Memes, Aptos, Pepe

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The global crypto market capitalization dropped by 1.03% in the last 24 hours. The market is sinking deeper, based on previous reports. The latest data shows that the total market capitalization is $1.04 trillion.

But despite the dip, the total crypto market volume surged to $21.04 billion in the last 24 hours. The rise is an impressive 41.18%. The decentralized finance sector contributed substantially, accounting for $1.96 billion or 9.29% of the total 24-hour trading volume.

Meanwhile, stablecoins reached a combined $19.05 billion, representing a substantial 90.54% share of the total crypto market’s 24-hour trading volume. Any asset in both categories has a great chance of being the next cryptocurrency to explode, depending on the market’s sentiment.

Conversely, Bitcoin has a market dominance of 48.94%, experiencing a slight decrease of 0.21% over the day.

On the stock market scene, Asian stock declined early Monday, majorly because of China’s performance. This decline followed last week’s reinforcement by central banks, signaling a long period of high rates. Furthermore, investors were preparing for inflation reports from the United States and Europe.

Market observers closely monitor indicators to assess whether China’s economy is on a path to recovery. The upcoming week-long national holiday, commencing on Friday, is set to serve as a crucial test for consumer spending trends.

Next Cryptocurrency to Explode

The Japanese Yen was nervous as it hovered close to the pivotal level of 150 to the US Dollar. This unease stemmed from concerns about potential intervention, especially in light of the Bank of Japan’s decision to maintain its accommodative monetary policy.

1. Aptos (APT)

Upbit, a South Korean-based crypto exchange, has resumed Aptos (APT) deposits and withdraws after addressing a fraudulent APT token issue. It involved mistakenly identifying fake APT tokens as legitimate.

Upbit temporarily suspended Aptos token services on Sunday due to an unusual deposit attempt. This led to a thorough examination of their wallet system.

The problem was traced back to a recently created fake APT token known as “ClaimAPTGift.com,” which infiltrated approximately 400,000 Aptos wallets since its inception on September 21. This fake token was likely part of a typical token airdrop scam, where users receive tokens containing links that direct them to phishing websites.

However, Upbit could not promptly verify the source code of these fake tokens, so they recognized them as genuine Aptos tokens. Consequently, several Korean users reported receiving APT tokens without initiating any transactions, according to Definalist’s report.

The situation allowed those who sold the counterfeit APT tokens to profit from the heist. Upbit’s customer center has reportedly initiated the process of seeking refunds from users who sold these fake tokens.

The issue has since been resolved, and as of 11:00 pm local time on Sunday, Upbit confirmed the resumption of Aptos deposits and withdrawals after completing a wallet inspection.

Curious about DeFi’s global impact? At the Aptos Summer AMA, @moshaikhs, co-founder & CEO of @AptosLabs, shared his thoughts on the evolution of finance and Aptos' future with Microsoft.

Listen to the whole conversation here: https://t.co/RVgEo7on8h pic.twitter.com/sHYZTtymA1

— Aptos (@Aptos) September 22, 2023

In a recent statement, Upbit said, “The action against the abnormal deposit attempt has been completed, and there is no problem with your Aptos transaction.” However, the exchange cautioned that there may be delays in processing deposits and withdrawals, potentially leading to temporary price fluctuations in APT tokens compared to other crypto exchanges.

The APT token is trading at $5.45 on CoinMarketCap at the time of this report. The asset stands the chance of being the next cryptocurrency to explode despite being in the news for the wrong reason.

2. Wall Street Memes (WSM)

The Wall Street Memes (WSM) presale has entered its final day, having raised more than $25 million since it began in late May. Presale investors quickly recognized the project’s potential, largely because of its large community, numbering at least one million social media users.

At what point do we all agree this is a shit system pic.twitter.com/kfvOwtgX0V

— Wall Street Memes (@wallstmemes) September 24, 2023

Because of these factors, Wall Street Memes is one of the most successful presales this year. The project’s team recently announced that it will be listed on several tier-one exchanges on September 27, sparking optimism about a substantial price increase.

The news of upcoming exchange listings has generated excitement about Wall Street Memes’ significant growth potential. Already regarded as one of the most promising meme coins, thanks in part to its large community and even acknowledgment from Elon Musk on Twitter, the project’s credibility has been solidified through these tier-one exchange listings.

While the specific top 10 global exchanges where WSM will be listed remain undisclosed, rumors are circulating that Binance and Coinbase could be among those considering it. It’s widely recognized that being listed on either of these industry giants has historically propelled meme coin prices to new heights. A prime example of this phenomenon is Shiba Inu, which reached an all-time high (ATH) in 2021 after being listed on Binance.

As the next crypto bull run appears imminent, a tier-one exchange listing for Wall Street Memes can deliver even greater benefits than previous memecoins have experienced. The potential achievement makes Wall Street Memes the next cryptocurrency to explode.

Visit Wall Street Memes.

3. Pepe (PEPE)

Pepe Coin (PEPE) traded in the shadows for weeks. The frog-themed memecoin is becoming the next cryptocurrency to explode by surging as much as 15% in the last 3 days. The latest push drove its price to $0.0000006933, according to CoinMarketCap. This abrupt reversal in price action has contributed to an overall increase in the token’s value in one week.

Compared with Shiba Inu (SHIB), PEPE has been relatively quiet recently. The memecoin had displayed minimal activity within its ecosystem, and it seemed that whales, who once loved PEPE as their go-to investment asset, were now steering clear.

PEPE is a token that has existed for less than a year, and its early days were marked by the euphoria that made many early investors millionaires. However, maintaining this bullish momentum has proven challenging, as no significant developments have accompanied the project.

However, the PEPE community experienced a resurgence overnight, with a substantial trading volume of $169.72 million, indicating a growth rate of 516%.

Earlier this month, PEPE suffered an exploit that compromised most social media profiles, including X and Telegram. For a token whose hype had already been questioned, this attack further diminished its appeal to investors.

🐸 $PEPE Official Links 🐸

website: https://t.co/YOvEFOoGSB

uniswap: https://t.co/3YuD6iLmhV…

cmc: https://t.co/3Y4zKVWRWC…

contract: 0x6982508145454ce325ddbe47a25d4ec3d2311933

to buy: @binance, @kucoincom, @okx, @bybit_official, @HuobiGlobal, @coinbasewallet, @cryptocom… pic.twitter.com/a5LUVWBCbv

— Pepe (@pepecoineth) September 9, 2023

Although the current growth rate can be seen as the first significant movement since the exploit, it cannot yet be considered a full-fledged return to its previous highs. PEPE is still in a phase of recovery.

The question of whether PEPE can achieve long-term success has sparked intense speculation. Drawing from the Shiba Inu model, investors believe that the protocol will need to pursue additional utility to ensure steady growth shortly.

4. Axie Infinity (AXS)

Axie Infinity (AXS) unveiled a series of upcoming updates set to be implemented with the launch of “Origins Season 6” in a few weeks. It is expected that the coming updates will have a significant impact on the token’s price. Importantly, the updates should aid the AXS coin to become the next cryptocurrency to explode.

The expected updates are focused on enhancing the overall gameplay experience. They will also include fresh card mechanics, adjustments to card balance, runes, charms, and improvements in the game’s pace.

The new card mechanics are anticipated to introduce fresh strategies and intricacies, while the rebalancing efforts aim to foster greater competitiveness within the game. Additionally, the modifications in pacing are intended to make the game more enjoyable for players of varying skill levels.

At the present moment, the governance token of the game, AXS, is trading at $4.60. Axie Infinity has seen a gradual decline in interest throughout the year, leading to an almost 25% decrease in the token’s value since the beginning of the year.

Start your week off strong Lunacians ✨ pic.twitter.com/aFR3gn5CUM

— Axie Infinity (@AxieInfinity) September 25, 2023

Nevertheless, despite this decline in price, both players and investors within the gaming ecosystem have continued to amass this altcoin, as indicated by its Mean Coin Age metric. An increase in the Mean Coin Age suggests widespread accumulation across the network and reduced movement of the coin between addresses. Data from the provider indicates that AXS’s Mean Coin Age has surged by 51% over the past year.