Next Cryptocurrency to Explode Monday 5 June - Ecoterra, XRP, Kava

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The global cryptocurrency market early on Monday morning lost 1.04% of its market capitalization over the last 24 hours. Since the next cryptocurrency to explode post, the market capitalization is now down to $.14 trillion.

The crypto volume traded within the last 24 hours, however, jumped by 36.32% to record $26.62 billion. Decentralized finance traded $2.33 billion worth of deals. This amounts to 8.74% of the entire crypto deals within the last day. Stablecoins, on the other hand, recorded $24.61 billion in trade volume which amounts to 92.43% of the whole crypto market trade volume in the last 24 hours. The market’s Bitcoin dominance has also dropped by 0.04% and it dominates the market by 45.85%.

The higher crypto trade volume might be due to the unpredictability of the interest rate hikes from central banks. The European Central Bank might keep up with the current cycle of its rate hikes till July according to Morgan Stanley. Investors in the US and across the globe will watch out for the Federal Reserve’s meeting for the policy direction that will influence their sentiment.

Stringent monetary policy positions from major central banks in the coming days will sharpen investors’ appetite for digital alternatives. As investors scramble for ways to hedge their funds against pending inflation, the crypto market will soar again and steady in the green zone.

The Next Cryptocurrency To Explode

While the crypto market seems to be sitting at equilibrium today, there are strong assets that are doing exceptionally well. They form the basis of our next cryptocurrency to explode today. Most of them are well-known to experienced investors. Whatever the case, all categories of investors will need an extra eye to help them bring all possibilities together. We aim to help inventors make informed choices at this time and in the days to come.

1. DeeLance (DLANCE)

It might be difficult to spot crypto price hikes for a long time when they are in the open market. It is usually better to get into the action with certain tokens before their ICO. Crypto presales have proven to be the best way to engage projects before they go public. That is where the next cryptocurrency to explode comes in. There are a number of tokens having their presale now but DeeLance has stood out since it began.

Hey DeeLancers! 👨‍💻

Only 14 days left until presale stage 4 closes! 🔥

With $DLANCE, you can access discounts on gig deals, buy land or lease an office in the #Metaverse! ✨🚀

Join $DLANCE Presale today before the price increases! ⬇️https://t.co/XHnTqVzMLN #Presale #Crypto pic.twitter.com/fc5mkjywrE

— DeeLance (@deelance_com) June 4, 2023

The Web3 project is currently in the 4th stage of its presale and it has 13 days to the end. It has raised more than $1.2 million so far while selling at $00.43, DeeLance hopes to revolutionalize the entire gig economy and ecosystem. Its means of using the blockchain to connect freelancers with employers is an innovation that will transform the nature of work. This is why the project is gaining a lot of traction and has raised such funds quickly.

DeeLance also says it will build a metaverse for freelancers and employers to engage in. Powered by NFTs, the platform hopes to provide a transparent and decentralized place to easily find freelance work. This will take freelancers away from the prying eyes of existing intermediaries. The project also provides for the tokenization of freelance work, therefore, securing copyright concerns. Investors such as Bitgert have given considerable attention to the project to show how serious it is about revolutionalizing the freelancing market.

The presale opportunity is where several investors get to find projects they would hold on to for a long time. The DeeLance presale has proven the investment it has raised right. The presale has stood out among others, investors are encouraged to get in now so they can secure their future returns before the price rises.

Visit DeeLance.

2. The Sandbox (SAND)

SAND is the next big cryptocurrency to explode. It managed to defy the market’s turmoil that swept Bitcoin and most altcoins today. Ethereum, for example, fell under $1,900 as the current trend began. The Sandbox has, however, been a notable cryptocurrency gainer within the last 24 hours. The asset has gone up by 5.75% and currently trades at $0.61. Still, on the high side, SAND’s market capitalization is over $1.1 billion while it has a trading volume of more than $227 million.

The virtual gaming world creates a getaway where players can actively contribute to building a digital universe. Players get into The Sandbox universe to acquire land and begin to build various structures of their choice. They can equally acquire other resources which will make their existence in the Metaverse more productive.

Infrastructure built by individual players can be shared with other players. More resources can be earned by that means. The gaming platform is made up of three core products that give a comprehensive UGC experience. The products come together to benefit players when they let those players have copyright ownership of their content through smart contracts and blockchain.

The three core products of The Sandbox gaming experience are the VoxEdit, Marketplace, and Game Maker.

The VoxEdit is a 3D NFT creation and voxel model that lets users create 3D objects like animals, humans, foliage, tools, and anything else. It is possible to manipulate voxels through VoxEdit in order to create beautiful objects. Once those objects have been built, they can be exported into The Sandbox marketplace from VoxEdit. From there, they can become NFT ASSETS.

Steampunk VoxEdit Contest! 🚂🔧🎩 Release your inner tinkerer and fabricate awe-inspiring contraptions, personas, and gizmos that whisk onlookers away to a world of marvel

New category added: 🛠️ Equipment!

25,000 $SAND prize pool. Ends June 30.https://t.co/5H7PYrmWwe

— VoxEdit (@VoxEdit) June 5, 2023

In The Sandbox marketplace, users have access to upload and sell any NFT they create. Once the items are made into ASSETS, the creator can make an initial offer. Potential buyers will be able to see and buy them there. Finally, the Game Maker allows users to build 3D games, it’s a no-code platform and means to get the game-building task done within a few minutes.

Now that The Sandbox is making serious headway in the crypto market is the best time for investors to jump on its ship. eToro is the best place to look for the next cryptocurrency to explode.

3. Ecoterra (ECOTERRA)

While the cryptocurrency market is undergoing its rapid growth stage, investors keep getting the opportunity to invest in fantastic projects. But it always requires both experienced and smart eyes to know which projects to invest in. ECOTERRA, our next cryptocurrency to explode is on the ground to address this challenge.

Ecoterra is in the 8th stage of its presale and it has raised over $4.7 million thus far. The platform is working to address the global problem of waste management while deploying the power of cryptocurrencies. The platform has gone ahead to incorporate giants like Carlsberg and Coca-Cola into its reward mechanism for recyclers.

🚀 Stage 8 of our #Presale is now LIVE 🎉

We’ve raised $4.7 MILLION and counting 🙌💰

Let’s keep the momentum going and positively impact our planet together!

Join us in this sustainable #Crypto revolution ⬇️https://t.co/1fYkPOsPYG pic.twitter.com/Z9jQsFqN0Q

— ecoterra (@ecoterraio) June 5, 2023

Participants of the platform’s recycling campaign can scan their recycled bottles. This will encourage environmentally-friendly habits. This approach shows the power Web3 is going to have, especially when there is a partnership with corporate entities.

The ongoing presale shows that Ecoterra has strong support in the market for its sustainability goals. As it plans to get listed on various crypto exchanges after the presale, the projects will open an opportunity for investors to make huge gains as it makes a positive impact. This is the time to buy the next cryptocurrency to explode on the presale website.

Visit Ecoterra.

4. Decentraland (MANA)

Decentraland is the next big cryptocurrency to explode for a number of reasons. To start with, it is currently trading at a 5% high on the day at $0.52 per token. Its market capitalization at the time of this report is over $973 million while it has had a trading volume of $153,000 in the last 24 hours.

Yet, Decentraland is getting ready to do more exploits in the metaverse space. Decentraland announced on its website that it is bringing Pride to its metaverse for the third year. This, the platform says, is done in collaboration with Vegas City and Polygonal Mind community studios.

This year’s Metaverse Pride, as it is called, will take place from the 27th to the 29th of June. it is geared toward celebrating inclusivity and diversity in the metaverse. The 3-day program will feature games, live music, immersive experiences, virtual art illustrations, and content specifically created for the LGBTQ+ community and those who associate with them.

This year’s festival arena in the metaverse takes the look of an oasis in the desert. Visitors to the arena will have their passages marked by rainbow colors. The venue will equally change as a lot more people join the event. This will represent the importance of lending support to other people. The Pride Parade will equally be done and it will be a main attraction of the event. It will feature beautiful floats creed by brands and other creators. Interested creators are called to enter the float by the 8th of June.

#MetaversePride23 Wearables Contest 🎉

Get your creative juices flowing!

📅 June 1 – 19
✅ Judging Criteria: Pride/Diversity/Inclusivity Theme, Fun or Wow Factor, Uniqueness
🏅 Prizes for 1st-5th Place

All submission details: https://t.co/79R7PWiYmj pic.twitter.com/UguWNFUvJK

— Decentraland (@decentraland) June 2, 2023

The Pride event will show Decentraland’s quest for and interest in inclusivity. It should be a wake-up to investors to support such a platform before and after the Pride event. The event will further place Decentraland in the presence of the world while providing wider utility and popularity for its token, MANA. Interested investors are encouraged to visit eToro for ways to invest in Decentraland’s MANA as the next cryptocurrency to explode.

5. Wall Street Memes (WSM)

The Wall Street Memes token is taking the crypto market by storm since its presale began. Currently, in its 7th stage, it has raised more than $4 million. There is no stronger indicator that WSM is the next cryptocurrency to explode. With the reception the market gave to this token, it has quickly become a force to be reckoned with. Its value has also jumped above the initial value of its coin offering.

The Wall Street Memes project began to get more attention when it raised $100,000 within a few minutes after the presale started. It has successfully raised more than $4 million so far.

Wall Street Memes is driven by a team that has built a reputation in the NFT space. The team plans that the WSM token will surpass its predecessors such as SHIB and DOGE. The project is equally a beneficiary of a strong community. This large following and wide reach is working well to position Wall Street Memes properly in the public space.

There are 2 days left to the end of the 7th stage of the presale and investors might want to push harder. The Wall Street Memes is the next big cryptocurrency to explode as made obvious from its presale phase. Now is the best time for investors who haven’t bought some WSM to do so.

Visit Wall Street Memes

6. XRP (XRP)

The next big cryptocurrency to explode is XRP. Currently trading at $0.53, it is up by 0.43% for the day. Its market capitalization has risen to over $27 billion while its volume traded in the last 24 hours is over $1.4 million.

Lawyer, Jeremy Hogan, has said he believes a decision on XRP’s case against the US SEC might be delivered against the background of the new case. The case is before the US Supreme Court, that of Slack vs. Pirani.

Hogan, via Twitter, said he thinks the new case before the Supreme Court is an analogous one to that of XRP. He said it would be the same thing in a case where XRP is also an investment contract.

He said further that XRP is not magically maintaining its status outside the initial contract. Hogan, after that tweet, was asked by a Twitter user how exactly the case was synonymous with that of Ripple vs. SEC. He responded to the user by saying that they have the same logic. He also called it a “2 of 3 cases.”

Whereas, another user asked if Hogan meant that every secondary market sale can’t be considered as security. Hogan clarified that he would not go that far. He insisted that it is a case that shares similar facts with the Ripple case and it would suggest that they would have the results.

The lawyer also said that he expects Ripple to make reference to the new case in its brief. On another ground, Judge Torres could refer to the case if she addresses the secondary market sales issue.

There are ongoing discussions about XRP and secondary market sales. Some think XRP will be relisted on crypto exchanges if the matter of whether XRP is a security is discussed and concluded.

The near conclusion of this legal battle in Ripple’s favor has been drawing investors close. It is the best time for any investor who hasn’t invested yet to get in now. eToro is the place to find the next cryptocurrency to explode.

7. dYdX (DYDX)

dYdX’s token DYDX jumped higher on Monday as the US SEC alleged that the Binance crypto exchange sells unregistered tokens – BUSD and BNB. It was almost effortlessly put in the position of the next cryptocurrency to explode.

As of the time of this report, DYDX currently sells at $2.24 after rising by 5.12% on the day. The SEC said it sued Binance for the alleged violation of federal laws.

DYDX is a governance token and it lets its holders have access to the decision-making process of the dYdX network. The platform has made over $939 million worth of trade in the last 24 hours while it had 281,500+ trades.

The ability to take advantage of a situation involving the US SEC and another crypto exchange puts dYdX in a position where it can take on any situation. Investors would want to invest in such a project that can make good of situations and advance its course. Looking at eToro is a great place for investors to start looking when they want to invest in the next cryptocurrency to explode.

8. Kava (KAVA)

The KAVA token is currently trading up at 2.78% to sell at $1.03. Its market capitalization is now at $570 million while its trade volume for the day is $96 million.

Kava is a decentralized finance platform that lets users borrow and lend many cryptocurrencies without involving financial institutions or any other intermediaries. Kava is one of the most popular projects in the decentralized finance sector. Unlike many similar DeFi platforms and protocols, Kava is not based on top of Ethereum’s network.

Rather, Kava utilizes Cosmos as an underlying platform. The Cosmos platform supports the lending protocol. The development team decided to make use of Cosmos because this blockchain relies on interoperability and customization, then it adds more functions to Kava. Ethereum, on the other hand, experiences problems with scaling decentralized applications, as well as hosted protocols when its network is congested.

Kava’s system uses the Cosmos protocol to mint another stablecoin, USDX. This token has its value pegged to the US dollar. Any time a user deposits any supported cryptocurrency as collateral, USDX gets created. Other users can then obtain loans in USDX. Users who pay in cryptocurrencies to support the system get rewarded with KAVA on a weekly basis for their support.

Kava is integrated with other platforms and protocols via blockchains hosted on Cosmos. These are known as “zones”, and it is how any user can add various tokens to the Kava network so they could lend or borrow.

KAVA will be a good buy for investors at this moment because of its connection with other networks and assets. That is a good sign of the next cryptocurrency to explode.