Next Cryptocurrency to Explode Thursday 13 July - Mr. Hankey, Bitcoin Cash, Zcash

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Inflation in the US was revealed to have slowed down for the month of June after the Federal Reserve release the inflation report on Wednesday. The dollar is nursing the losses it incurred on the expectation of the inflation reading but Asian stocks rallied early on Thursday. Investors in Asia also ignored the data from China which showed that imports and exports contracted worse than they expected.

In other places like South Africa, the central bank says it will keep the rates at a steady level of 8.25%. Whereas, the Chinese are trying to find a backdoor out of the chip-induced imbroglio as “chiplets” begin to emerge in the market.

The crypto market, on its part, dropped by 0.81% in the last 24 hours from our last next cryptocurrency to explode report. Bitcoin also lost 0.31% of its market dominance in the same timeframe. But certain crypto assets are gaining strength amidst the ongoing inconsistencies as they draw more investment in their direction. How far they will hold out largely depends on investors’ appetite and hold hard they can drive a bull run.

Investors and the global market at large will be watching out for the Fed’s move in July. The next policy decision is likely to drive investors’ sentiment in any of the extreme directions.

The Next Cryptocurrency To Explode

CoinMarketCap shows a good number of crypto assets on the gainers’ list today. It is a pointer that investors and traders have a fair disposition to the crypto market. The trading volume in the last 24 hours is up by 13.93% but the market capitalization is down due to spending capacity. Luckily, there is no time enough for market players to stay on the sideline.

1. Mr Hankey (HANKEY)

New crypto projects grace the market almost every day but some are more promising than others. Mr. Hankey (HANKEY) is one of the latest. It is a memecoin and is also considered to be a shitcoin token that was inspired by South Park’s Christmas poo, Mr. Hankey.

The presale of this new project is scheduled to begin on Thursday 13th of July at 14:00 UTC. The presale will happen and will be read live on the project’s website.

The crypto project was described on its Twitter handle as a project that is “not just about embarrassing our “poop” identity. It’s rather about a community ready to roll up its sleeves and get into the crypto septic tank.”

It also said that stars are born on a daily basis in the vast crypto universe and Mr. Hankey is one of them. The token is described as “not so shiny, a bit smell,” but they are proud of it! People are welcome to the cheeky side of crypto where the term “dirty money” has a completely different meaning.

**PRESALE LAUNCH THURSDAY**

13th of July

1800 GMT (11 am PST, 2pm EST, 8pm CET)

You wont want to miss this 💩

Join us on Telegram for more updates coming soon pic.twitter.com/BOxBYAUnI4

— Mr Hankey (@MrHankeythecoin) July 11, 2023

The project has a rapidly-growing community domiciled on its Telegram group. It is expected that the presale will sell out rather quickly as it has a hard cap of just $500,000. Aside from that, Mr. Hankey’s website reveals that there are rewards waiting for holders of the HANKEY token. The exact means of distribution are not known yet.

The website states that Mr. Hankey is the result of cryptos stopping to pretend they are the next Bitcoin but embracing their inner turd. It said that the project ditched all the glam, dropped the glitter, and plunged itself into the loo where reality is.

It goes ahead to assure visitors that they will get rewarded for holding HANKEY tokens higher than what they may have gotten from other tokens. It also boasts of the platform’s unique “stink-nomics” that make sure everyone gets rewarded with every transaction they carry out.

According to Mr. Hankey’s tokenomics plans, only 40% of its 1 billion units of HANKEY tokens are up for sale at the presale. Another 40% has been designated for liquidity, 10% set aside for marketing, 5% for the team, and 5% sent to centralized exchanges.

While marketing for the token intensifies and its presale begins, interested traders and investors should get their bags ready to dig into this new opportunity.

Visit Mr. Hankey.

2. Bitcoin Cash (BCH)

As stated earlier, some crypto assets are rising at a rather fast rate, almost as though they are not part of the market. Bitcoin Cash is one of those tokens and it is always in the position of the next cryptocurrency to explode. Between Wednesday and Thursday, it has risen cumulatively by as much as 5%.

The hourly charts also corroborate the great strides that Bitcoin Cash is making. It is trading at $285.96, in the middle of the $272.7 support and $295 resistance. It is the middle of the local channel that was recently formed too. What is going on now is primarily sideways trading around $280 since most of the ATR are passed.

A continuous movement in the upward direction will be possible if bulls seize the opportunity to push the price to around $300. What is going on with the hourly chart is almost the same as the daily chart and bulls have to step up to keep things steady.

If that happens, it is possible to see the resistance break and BCH’s price sprint to $340. Experts say it may be too early to make strong price predictions since the candle is far from closing. But if the bar manages to close above $304, then a rapid growth to $350 may be possible before the end of July. BCH is currently selling at $285.96 as of the time of this report.

3. Zcash (ZEC)

Zcash is currently up by 2.93% and selling at $30.29 to show that it is the next cryptocurrency to explode. It has a 24-hour trading volume of $21.2 million and a market capitalization of $494.5 million.

Among all privacy tokens, Zcash (ZEC) has gained the most traction since Bitcoin seemed to begin to lose track of that. Other platforms like Monero and Dash are also doing the best they can to catch up but Zcash is always ahead.

Apart from the blanket feature that conceals all transactions, Zcash has an added feature that lets users choose which information to conceal or reveal. They can also decide on which transaction they want to conceal things.

This added advantage makes Zcash the preferred choice of most crypto users who desire to keep their transactions away from preying eyes on the blockchain. Investors who also desire the thrill of privacy tokens have an opportunity to invest in the most renowned one.

4. BitDAO (BIT)

BitDAO has been tagged by Analytics Insight as one of the few cryptocurrencies that will 50X this year. There are a number of factors that influenced that thought and are driving BitDAO’s price in the market. These are the reasons why it is the next cryptocurrency to explode.

BitDAO has become something of a household name within the crypto space since it was championed as the platform that has the second-largest treasury. With over $4 billion in total value locked, it is the largest decentralized finance project.

One of the reasons for its driven price movement is that a proposal has been passed for the rebranding of its protocol. The rebrand entails that the platform will be renamed to Mantle while its native token, BIT, with be renamed to MNT.

While at that, the rebranding phase will see the platform launching new products. The development team behind BitDAO said the rebranding is a means to have the project compete favorably and become an important one to Ethereum.

There are also talks of a mainnet for the rebranded Mantle network. This will further increase the potential that BIT/MNT will have in the market.

Seeing that a new dispensation is about, to begin with BitDAO, the buying pressure on its native token has increased. It is a wake-up call for other investors who would like to benefit from the incredible gains that will be launched when the rebrand is completed.

Already, Mantle is launching a bridge for BIT holders to be able to convert their holdings into MNT. the channel will be open from the 17th of July and it will be available for six months.