Next Cryptocurrency to Explode Wednesday 5 July - Thug Life, Filecoin, Trust Wallet Token

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The day after the US July 4th celebration does not look too right for the Chinese economy as hopes for a quick recovery fade. The tech fight between the US and China deepens but experts are saying the ban on chipmaking exports is just the beginning of the tussle.

Meanwhile, British firms are beginning to divert their investment to Europe as a way of fighting off the effect of Brexit. Businesses are continuously looking for ways to deal with the many bureaucracies that obstruct the ease of doing business.

These directly extend into the crypto market which has fallen by 0.53% since our last next cryptocurrency to explode post. This may have been the result of expecting that the stock market will rise sharply after the July 4th break. On an individual scale, however, assets in the crypto market did their best to stay strong and relevant enough to stay relatively green. For example, Bitcoin increased its market dominance by 0.05% over the last 24 hours.

The macroeconomy putting a measure of pressure on the crypto market is still on some rampage. Apart from China and the US which are at the front of global finance, Turkey’s inflation also slide by 3.9% in June. Kenya and South Africa equally recorded low economic outputs for June.

The Next Cryptocurrency To Explode

As more direction gets into the global economic system, first from the US Federal Reserve, it is expected that investors will decide on their investment destinations. The increased momentum the crypto market saw yesterday may return when investors are done with their adventure into other investment options. Until then, the market will be held up by naturally strong crypto assets. The next cryptocurrency to explode should have the capacity to withstand relatively harsh market conditions as we have seen for some weeks.

1. Thug Life (THUG)

Memecoins keeps having the market on the edge since they began at the beginning of the year. Traders and investors have put a huge amount of funds in many of such memecoin projects with the hope of gaining massively from them. The hope for such returns was derived from what was obtained from the success of similar projects like Pepe Coin and Cpoium.

Despite the myriad of memecoins, the market’s search for the next big memecoins never stops. All eyes have now turned to the next cryptocurrency to explode, Thug Life (THUG). No doubt, there have been concerns about the coin’s utility to be something like AiDoge and not just some community-hyped project.

Amidst this, Thug Life plans to take the place of Dogecoin such that it skyrockets to the amazement of everyone. The project seeks to go beyond a place for memes but rather to empower the token holders. It also seeks to convert its losses into wins.

The Thug Life project acknowledges that there is frustration when traders and investors miss certain opportunities. It then looks forward to giving hope to traders by rewarding them with gains in the future.

https://twitter.com/thug_life_token/status/1676315533543714819?s=20

Thug Life plans to build an active community of its users much like Dogecoin has done. It also wants to benefit from the reality that crypto projects benefit from the size of their communities irrespective of the utility of their tokens. With that in place, the project will be able to attract the attention of investors within the crypto space.

Thug Life’s presale is currently ongoing at a cost of $0.0007 and it has now raised more than $400,000. The entire project has 4.2 billion THUG tokens in supply out of which 70% is up for sale at the ongoing presale.

The Thug Life presale has a simple hard cap of $2 million, after which the token will get listed on crypto exchanges. The low hard cap simply means that it does not plan for the presale to grad on for so long. The project also wants to start giving out huge gains to all excited THUG holders as it begins to make a profit.

Banking on the trajectory of this presale and how fast it is going, investors have a good chance at huge returns on this project. The memecoin culture guarantees that a huge community will also be built around it.

Visit Thug Life.

2. Zcash (ZEC)

Zcash is the next cryptocurrency to explode as it is one of the gainers today despite the market’s imbalance. The platform and its native token, ZEC, do well at standing firm through most market downtimes because of what it offers. Zcash offers a privacy token that helps preserve the anonymity of transactions and those behind them if the initiators wish.

The ZEC token is now on the verge of doing better with the latest announcement from Binance. The crypto exchange recently said that it will now allow its users in Italy and other countries around it to trade privacy tokens like ZEC, Monero, and Dash. Binance announced earlier in the year that it was going to delist those tokens so it could comply with regulations.

Regulators argue that privacy tokens enhance and are often associated with criminal activities and illegal funding. But users appreciate them and the additional security and privacy they provide to their transactions. Users of privacy tokens such as ZEC realize the necessity of privacy over their financial transactions at times like this.

Despite the harsh regulatory ecosystem against privacy tokens, they have only gained more popularity. That is why Zcash is the leading privacy token provider in the world. It also provides a means to financial freedom away from the CBDC idea promoted by various governments across the globe.

Zcash is trying to consolidate its gains from last week and it beckons investors to join the rapidly expanding community.

3. Filecoin (FIL)

CoinMarketCap has shown reports for days indicating that Filecoin is the next cryptocurrency to explode. The token has been among the top gainers in the market even in the midst of several hits. It was one of the top gainers early on Wednesday, gaining by 2.04%. It sometimes falls slightly behind an asset like The Graph’s GRT.

As of the time of this report though, Filecoin’s FIL is fighting hard against market tides that are testing its strength. It is up by 4.54% in 7 days with a market capitalization of more than $2 billion and a 24-hour trading volume of $243 million.

While Bitcoin is almost trading sideways, altcoins are making impressive moves. Filecoin, for example, has better chances of return high returns during this period. But according to analysts, Bitcoin’s fortune may change at any time.

Twitter limited the number of tweets users can view over the weekend. The company’s owner, Elon Musk, cited system manipulation and data scraping as the reason for the decision. This has brought more attention to the question of decentralized data storage platforms like Filecoin. This was one of the catalysts of the FIL token’s price action since then.

4. Trust Wallet Token (TWT)

One of the cryptocurrencies the market is buzzing with is Trust Wallet Token TWT. The asset has surged remarkably and it has caught the attention of investors in the market. The next cryptocurrency to explode further gained attention for its contribution to the ecosystem it belongs, as well as the potential it has for future growth.

There are certain reasons why analysts believe that TWT will see significant growth this new quarter. The first is its integration with Trust Wallet. The wallet is mobile storage for cryptocurrencies. As the number of users keeps increasing, the utility and demand for the TWT token will also rise. The integration creates positive feedback for the network and the token too.

The second reason for TWT’s potential growth is its association with the Binance crypto exchange. Being recognized by Binance will promote its visibility and credibility. This will in turn help the token draw more investors and create further utility for it.

Finally, Trust Wallet Token is building a strong community where it hopes to strengthen social engagement. The platform encourages community engagement through voting, staking, and participation in governance. The support from this community will contribute in no small measure to the token’s rally as time goes on.

Investors in the next big cryptocurrency to explode are then set up for unprecedented returns when the token gets back to the top of the market.