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The week-long winning streak of the US stock exchange seems to have been broken as stocks fall. This is a result of investors weighing the effects of more rake hikes as promised by Jerome Powell. This is more evident in the case of the Nasdaq and S&P 500 which have their stocks sinking. Nasdaq fell by 1.01% while S&P 500 fell by 0.76%. The Dow Jones Industrial Average, on another hand, fell by 0.64%.
The crypto market, which is our focus, has its market capitalization up by 1.60%. It is an indication that investors may be putting in more funds in crypto than stocks. Uncertainties regarding the effects of more rate hikes are influencing the decision of many investors.
The ongoing crypto market rally is expected to last longer this time. More investors just have to grow a better appetite for assets outside legacy investments like stocks and commodities. The direct pull that will help achieve this is the visible result existing investors gain from their current investments.
The Next Cryptocurrency To Explode
This weekend is expected to be a highly fruitful one for the crypto community before stocks swing back into action and attempt to recover their losses. Crypto investors may want to dip their fingers into as many projects as possible as they search for the next cryptocurrency to explode.
Various categories of assets are up and ready to be taken especially with the ongoing rally. They are also well-positioned to generate impressive returns for investors.
1. Launchpad XYZ (LPX)
Launchpad XYZ’s presale has now raised more than $1 million. It is generating lots of energy in the market and investors are seeing more opportunities in it by the day.
The token is positioned as the next cryptocurrency to explode while it offers users promising returns via data and other tools that it offers. It promises to offer a customized list of the best crypto presales going on at any time. It can be a lot gainful when investors are connected to profitable projects in their early days. Staking LPX also gives the opportunity to early earnings on presale tokens.
The platform has also come up with a “Launchpad Quotient.” It is an innovative ranking system powered by artificial intelligence. It examines 400 live data points that bring projects down to one value. It also denotes the reward opportunities accompanying Web3 assets – either an NFT or crypto.
At #LaunchpadXYZ, we’re driven by more than just profits.
With a decade of experience in #Web3, we’re leveraging our expertise to make the space accessible to all!
Join us to find the next 100x tokens together 🚀
👉https://t.co/CrJA4RkGRf#Blockchain #Crypto #Alts pic.twitter.com/LCLvgXypLA— Launchpad.xyz (@launchpadlpx) June 23, 2023
Apart from that, it also promises to provide an analysis of several coins, identify available opportunities, provide trading insights from professionals, and give customized indicators to assets.
All these come from a platform driven by artificial intelligence that provides actionable trading perspectives. It also provides an income model via trading system fees, referral fees, as well as signal fees.
Furthermore, Launchpad XYZ has an internal decentralized exchange. Users will be able to trade several asset pairs. Other versions of the exchange will enable users to trade perpetual contracts for some pairs. Users who stake LPX will also be able to benefit from lesser fees.
Seeing the traction Launchpad XYZ has gained since the beginning of its presale, other investors should have no doubt in their decision-making process. Invest in the presale of the next big cryptocurrency to explode now.
Visit Launchpad XYZ.
2. Ethereum Classic (ETC)
Ethereum Classic is obviously the next cryptocurrency to explode. The asset has seen lots of significant growth over the past few weeks. Its growth last week alone came to 23%. The impressive growth has been magnetic for investors who are now trooping back.
Institutional investors have been flooding the crypto market again. Many of them filed for Bitcoin spot ETFs. This influx came along with it a new lease of life that entered the financial system. Ethereum Classic now sells for $19.09 as the token has gained 12.14% over the last 24 hours.
Now, the growth trajectory around Ethereum Classic has evolved into what will be a long-term gain. Cumulatively, it has gained 6.19% in the last 30 days. Another impressive piece of data about the coin is its 180-day record. It has grown by 16.54% in that time, while it is up by 20.38% on a year-to-date basis.
As a matter of fact, Ethereum Classic has been one of the best-performing crypto assets in the last year. The token is bullish since its 50-day SMA of $17.64 is under its present price trajectory. But the 200-day SMA at 19.84 is a close match-up. This means that a continuous uptrend might make it break above the long-term resistance zone.
Ethereum Classic is one of the biggest names in the crypto ecosystem. It has also built a firm reputation over the years that investors want to associate with. The renewed bullish momentum sets it up for more returns to investors of all categories. You should invest in the next big cryptocurrency to explode for secured returns.
3. Axie Infinity (AXS)
Axie Infinity is leveraging the latest events in the crypto market and the general sentiment. Axie Infinity’s AXS is now selling at $6.00 while up by 8.38% in the course of the last 24 hours. The token has now risen by over 21% over the last 7 days.
One of the factors that fueled the token’s price rally is the launch of it AxieTH. This is a game world competition that is tagged to be one of the biggest competitions of the year. Axie Infinity entered the cryptocurrency ecosystem as the first actual example of a P2E blockchain gaming protocol built on Web3. AxieTH is helping to increase public interest in the Axie Infinity brand and it has brought some positive undertone for AXS.
AXS is now healing from the effects of the crypto winter. Although it is far from its all-time high, the asset is now looking like it is out of the woods. Investors are looking ahead with optimism at what returns the token will bring.
For many protocols to maintain their relevance, they need a drastic awakening that will boost investors’ enthusiasm. This has to come despite the frustration against innovations as spearheaded by regulators. Axie Infinity is doing everything it can so it can rebuild since the Ronin Bridge was reopened.
The gaming platform has picked up itself and AxieTH is part of its journey to recovery. Investors should also join this path now that the roadmap has been drawn and the route is defined.
4. Zcash (ZEC)
Zcash is displaying a lot of bullishness at this time as expected. It has had a 6.67% price surge in the last 24 hours and currently sells at $29.29. It is certainly a long way from its all-time high of $3,191.93.
In contrast with other assets like Monero and Dash, Zcash has more stability with more potential of being the next cryptocurrency to explode. Its bullish sentiment puts it right under the nose of investors who are looking for a means to diversify their investment portfolio.
Only a few other crypto assets have the calm and bullishness of Zcash. Investors who wish to get high-level returns from a non-lousy coin in the days to come to have Zcash as a potent option.
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