Next Cryptocurrency to Explode Tuesday 4 July - Wall Street Memes, Maker, Aave

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Global stocks have taken a pause from their ongoing rally as the US goes on Independence Day break. The tech battle between the US and China continues to shock the Asian market as China’s retaliatory steel ban backfired.

Whereas in Europe, widespread fears that the riots in France may spread to wider parts of Europe fuel investors’ fears. The riots have spread to Belgium and French Switzerland already. The effects of the riots can be seen in the stock markets.

The crypto market is, however, seeing generous investment in the course of the last 24 hours. The market’s capitalization has risen by 0.64% over what was reported in our next cryptocurrency to explode post. Investors’ appetite for crypto assets seems to be on the rise again these days. For one, the crypto market is less volatile. The last curve has been overcome and investors have more confidence that their funds are safer. On another, escalating political chaos in Europe and the protracted war in Ukraine are putting pressure on the Eurozone.

With the European Central Bank’s inability to change the tide of inflation, it is a natural cause for investors to turn to crypto. The promise of further interest rate rise in the US and Australia also has investors on the edge.

The Next Cryptocurrency To Explode

The crypto market may see a completely different trajectory and momentum in the coming days. This depends on the results of key economic events and releases that dictate the market’s focus. They include the Reserve Bank of Australia’s rate statement and German’s Bundesbank President, Joachim Nagel’s speech on Wednesday. Activities in the US will also drive the market further.

1. Wall Street Memes (WSM)

The Wall Street Memes presale has turned out to be one of the biggest ones the crypto market has ever seen. Right now, it has raised close to $12.5 million and it is growing very fast. It just launched in May.

The anchor that this presale has held onto and has made it gain so much so fast is the power of its association. The project is closely linked with the movement that was responsible for the rallies and short squeezes of AMC and GameStop in 2021.

According to the Wall Street Memes project design, there will be just 2 billion units of WSM tokens in supply. 50% of it has been put up to be sold in the ongoing presale. 30% are reserved to be shared among community members as a reward. These different categories of allocation will make sure that the community remains committed to the WSM token. They are incentivized to keep supporting the token and any price movement it would have in the future.

The project’s community is increasing daily going by the number of followers on all its social media platforms. The reality on the ground is that the community is already large and increasing. This will make it stand the test of time as the years go by. It will save the WSM token from falling off quickly like a few others after they rose rapidly.

The token currently sells at $0.031 at this presale phase but it will rise to $0.0337 when it gets to the final stage of the presale. There are 30 stages in total. Investors who are yet to join the train have an open opportunity to be part of the next big thing. This token has every attribute of the next cryptocurrency to explode.

Visit Wall Street Memes.

2. Maker (MKR)

Maker (MKR) is the next cryptocurrency to explode. The token has been doing outstandingly well for over a week now and there is no break in sight. It has now made its mark as a good investment choice and opportunity.

CoinMarketCap records that MKR has risen by more than 30% over the last 7 days. This has brought about wide optimism and much interest among the token’s investors and traders. It is currently unclear what the driving force behind MKR is but there is a strong will to buy it. There is also a lot of positive sentiment toward it.

The bullish momentum Maker is seeing is a lot beyond the market’s expectations. The gain also attracts more investors in its direction. The token began trading last week at $706.85. It dipped slightly and traded at $670.86 just 2 days before the end of last month. The asset then began to record profits before prices rose on the 30th of June. this resulted in the price rising by more than 20%.

MKR has seen 2 price increases since the beginning of July. the latest one is today. The asset rose by 8% early on Tuesday but it is currently up by 10.47% while selling at $1,026.09. This is the highest price level it is reaching since March.

MKR’s market capitalization is now over $1 billion and it has a trading volume of $125 million over the last 24 hours. The trading volume is up by 69.81% and it indicates very high market activities.

It looks like every investor is buying the next big cryptocurrency to explode. You should do so too just in case you haven’t.

3. Aave (AAVE)

Like Maker, Aave is also showing very impressive signs in the crypto market today. For a couple of days, in fact. It is confidently the next cryptocurrency to explode. The Aave network is one of the most popular decentralized finance platforms that there are. It has been a remarkable performance, considering the bearish slope that the market has recently been through.

Aave’s decentralized finance platform gives an opportunity for users to borrow and lend different types of cryptocurrencies. These transactions come with either fixed or variable interest rates depending on the deal at hand. This platform is the crypto sector’s second-largest decentralized finance platform with more than$7 billion in total value locked.

Its native token is AAVE. holders of this token can stake it in order to earn rewards in return and to also have access to participate in the protocol’s governance process.

Much like MKR, AAVE has seen a steady increase in its value since the 28th of June. although the token fell off major support of $200 for a brief moment. The asset’s recovery was driven by a high buying pressure of AAVE tokens as seen by the increasing number of transactions and active addresses.

There are a number of factors responsible for the rise and some of them include the recent launch of Aave Pro. Aave Pro is designed to provide more liquidity to the protocol and drive adoption. There was also an announcement that Aave is collaborating with Polygon to prove cheaper gas fees, as well as faster transactions to decentralized finance users.

Furthermore, Aave announced its liquidity mining program. This is a means of rewarding users with AAVE tokens whenever they provide liquidity to the protocol.

With these developments, the AAVE token will have wider utility, especially with its collaboration with Polygon. Investors have another sharp opportunity to put their money where their mouth is by investing in AAVE which is the next big cryptocurrency to explode.

4. Polygon (MATIC)

Polygon is pulling a surprise in the market currently despite a situation currently ongoing with it. The next cryptocurrency to explode is being delisted for US clients of Revolut, one of the biggest platforms in the financial space. Along with Polygon’s MATIC, Revolut is also delisting Solana’s SOL and Cardano’s ADA. The platform said it will delist the three assets by the 18th of September but MATIC started July firmly.

MATIC is up by as much as 25% over the last 2 weeks according to data on CoinMarketCap. Polygon remains one of the most liquid assets in the market. It has added 6.3% over the last 1 week with a market capitalization of $7 billion as of the time of this report.

Polygon, due to its high liquidity can be traded on other exchanges like KuCoin and Binance. Revolut said via an email that its users in the US will no longer be able to trade MATIC from September 18 due to shifting laws regarding cryptocurrencies. However, the asset can be traded on other platforms and by Revolut users at other locations outside the US.

MATIC remains the next big cryptocurrency to explode despite the setback with Revolut in the US. Investors should increase their stake in this beautiful asset.

5. Global Currency Reserve (GCR)

Global Currency Reserve, on Tuesday, got to the top of the top 100 cryptocurrencies by a huge surge through the last two months. It did so by a gain of 41.88%. But according to reports, just a few accounts hold this token. Despite this impressive gain, there is controversy on whether it should be the next cryptocurrency to explode or not.

CoinMarketCap reports show that GCR’s price has grown by as much as 1,075,939% since the middle of May. The token was launched in 2015, according to the report, and it had a little surge in 2018. Since then, it has dominantly been in the red zone.

GCR is currently the 97th asset by market capitalization which is not at $335 million. The asset also recorded an all-time high of $11.08 on the 3rd of July.

While the GCR token is currently attractive to investors who might want to buy a rising asset, they may also want to proceed with some caution.