Next Cryptocurrency to Explode Thursday 29 June - Chimpzee, Zcash, Synthetix

Join Our Telegram channel to stay up to date on breaking news coverage

The crypto market is a bit down. Indicators point to the Muslim celebration as a factor that sent the market to sleep. This is more believable seeing that the market’s trading volume over the last 24 hours dropped by 12.04%. The total worth is $31.51 billion.

The Chairman of the US Federal Reserve, Jerome Powell has said he will not rule out the possibility of two consecutive rate hikes at this point. Powell’s statement sent the financial market into further shock as shares slid. For internal reasons, shares in Asia are having it quite worse. The Japanese Yen and Chinese Yuan have sunk to an 8-month low as the region also battles inflation.

The global financial system is eagerly waiting for the way forward out of the grip of inflation. Traders and investors across all financial markets seem to have a lower appetite for risky assets and may want to stay on the sidelines till they have a clear way forward.

Cryptocurrencies may, however, pick up again once activities resume fully after the holidays. More investors may finally decide that it is time to seek a safe haven in the crypto market amid the ongoing chaos.

The Next Cryptocurrency To Explode

Irrespective of what goes on in the crypto and money markets, there are investors who are constantly involved in shoring up the crypto market. Certain assets, based on upgrades and other innovations going on with them, also contribute to putting some green lines on the charts. Even in dark periods, we constantly find high-performing crypto assets.

We will take a pick at some and examine them. Investors and traders expending funds at this time can use such guidance. Our next cryptocurrency to explode choices include presale coins and some long-standing market favorites.

1. Chimpzee (CHMPZ)

New crypto projects have lately been niching down to focus on environmentally friendly ideas. Chimpzee is latching on to the power of cryptocurrency and decentralized finance to bring people together to earn and do good. The project has shown that it has a lot of potential as it sets out to incentivize people for contributing to saving animals and the environment. Apart from being an environmentally friendly crypto project, it is also a lot of fun to engage with and it delivers earnings to investors.

The major idea behind Chimpzee is for the platform users to be able to earn some passive income while they actively contribute to wildlife preservation and climate change campaigns. The team behind the project says that those two are part of the pressing challenges facing the planet and that every contribution matter. To that effect, 10% of the CHMPZ token supply, as well as some part of the profit will be given to organizations that are dedicated to such causes.

Furthermore, Chimpzee will launch a community outreach and ambassador program. The goal is to draw more people to the cause it has embarked on. The team says this will be essential to the Chimpzee ecosystem as those will be another means of getting financial aid for the program. This will encourage individuals and groups of people to contribute to creating awareness and raising funds for conservation activities.

🌍Welcome to #Chimpzee!🐵

🙌🌳The Chimpzee initiative strives to save animals and the environment!🐾🌿

📢 Join our #Presale today and help us in saving endangered species and fighting deforestation!🌍🛡️https://t.co/Geog3EVuMC #CryptoCommunity #EcoCrypto #GreenCrypto pic.twitter.com/edNbM5KkOl

— Official Chimpzee Project (@RealChimpzee) June 29, 2023

Crypto platforms need useful features to draw users so the cause can be supported. Chimpzee, therefore, features play-to-earn games, shop-to-earn, and also trade-to-earn. The ecosystem will become a compelling one for users to use because of these features and more. Above all, it also has an NFT marketplace.

The Chimpzee shop, according to the team, is not just a shop to buy items. It is a big commercial place where all kinds of goods and various commodities can be bought. The NFT marketplace, on the other hand, is where to buy and sell everything NFTs. Users will also earn a percentage of fees paid by traders as passive income.

The platform’s game, Zero Tolerance, has a special touch. It enables users to earn the platform’s native token, CHMPZ, when they hit some achievements. The game’s name was inspired by the idea that there should be no tolerance for activities that abuse the environment.

Chimpzee promises to be a project that will rally people across various divides for a common cause of saving the planet. The project has now raised more than $600,000 while selling at $0.00067. It is also in the 6th stage of its presale, so investors who are yet to invest in the asset have an ongoing opportunity to do so.

Visit Chimpzee.

2. Zcash (ZEC)

Zcash is a leader when it comes to privacy in the cryptocurrency space. It has a unique set of privacy tools that enable its platform to serve the interest of crypto users who really wish to be served with anonymity.

The platform’s native token, ZEC, is currently up by 4.19% while selling at $30.55. A real window of opportunity is wide-opened for traders and investors to rake in lots of profits. The next cryptocurrency to explode is positioning to keep rising for the foreseeable future.

Zcash was launched in 2016 and it has been a strong contender and player in the crypto privacy wing. It first started as a hard fork of the Bitcoin platform called Zerocoin, it equally uses the proof-of-work mechanism. What separates Zcash from other privacy coin providers is its optional privacy. It is a feature that lets users choose if they want their transactions to be either shielded or transparent.

Transparent transactions are like every regular crypto transaction that is fully visible on the blockchain. Shielded transactions, on the other hand, conceal the details of both the sender and the recipient of a transaction. This offers transactions an opportunity to be encrypted. This feature is facilitated by zk-snark.

Zcash’s optional privacy makes it the darling of users who wish to control when they want their transactions concealed or not. The platform also offers users a lower transaction fee.

Choosing a privacy-focused crypto asset needs the user to be very meticulous about the kind of protection it offers. Transaction fees and speed, as well as the flexibility of the security, are to be considered and this sets Zcash above many others.

Now that the value is rising, this is the right time for investors and traders who value privacy tokens to buy some ZEC.

3. Synthetix (SNX)

Synthetic’s SNX is the next cryptocurrency to explode today. It is doing significantly well in the market while up by 9.41% and selling at $2.25. It is an impressive feat for a cryptocurrency to achieve at this time, especially with the antecedents of the token.

The Synthetix network is working on a decentralized protocol that will provide liquidity to other protocols. Any other protocol will be able to take advantage of the provisions provided by this platform at any time. Synthetix offers low transaction fees and it has deep liquidity that serves as a backup for a lot of protocols built on Ethereum and Optimism.

User-focused protocols based in Synthetix’s ecosystem like Lyra, Kwenta, 1inch, Polynomial, and others all tap into the liquidity that Synthetix provides to power their various protocols.

While built on Ethereum and Optimism mainnet, Synthetix is collateralized by ETH, LUSD, and SNX, its own native token. This enables the issuance of synthetic assets. These synthetic assets are used to provide and track returns made on the underlying assets. This will not require users to own those assets directly.

Synthetix has other offers and upgrades coming up that will be announced in the coming weeks. These will give more traction to the platform and cause its token to have wider utility. Investing in the next big cryptocurrency to explode will prepare investors for huge returns as developments unfold.