{"id":411270,"date":"2023-06-23T14:33:48","date_gmt":"2023-06-23T14:33:48","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=411270"},"modified":"2023-06-23T14:33:48","modified_gmt":"2023-06-23T14:33:48","slug":"next-cryptocurrency-to-explode-friday-23-june-wall-street-memes-bitcoin-cash-chainlink","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-friday-23-june-wall-street-memes-bitcoin-cash-chainlink","title":{"rendered":"Next Cryptocurrency to Explode Friday 23 June – \u00a0 Wall Street Memes, Bitcoin Cash, Chainlink"},"content":{"rendered":"

The crypto market has lost some of its market capitalization today. The UK has also finally raised interest rates to 5%. This had an almost immediate effect on all aspects of the country’s economy after it was announced on Thursday. Oil prices slid as worries rose over demands.<\/span><\/p>\n

The US expectations of a rate rise this year are also leading to job cuts. The Wall Street Journal, on Thursday, quoted sources close to Ford. It said the company is planning to lay off some of its staff in the US in order to cut its costs.<\/span><\/p>\n

The recent rate hike in Turkey also sent the lira spiraling down. The Turkish currency fell by up to 2.8% to hit a record low on Friday. This extended the currency’s loss and reversed most effects of President Erdogan’s economic policies.<\/span><\/p>\n

In Japan too, consumer inflation rose higher than the Bank of Japan’s expectation. The inflation was driven by the increased cost of food and other household necessities. It indicates that there is been a drag on consumables due to the increasing cost of living.<\/span><\/p>\n

The distributed economic conditions across the globe touch every crypto investor. With the different levels of available funds, investors don’t have the same appetite for risky assets. Moreso, with the sharp increase in the price of daily need items such as food. It is, however, expected that economic zones with better financial conditions will hold up the market at this time.<\/span><\/p>\n

The Next Cryptocurrency To Explode<\/b><\/h2>\n

While some crypto assets have relapsed for now, some others are still firmly green. Most assets in the first 100 are rising and making a profit for their investors. The financial power required to them where they are is still available. It can only be hoped that things ease out before they are in dire need of a boost.<\/span><\/p>\n

1. Wall Street Memes (WSM)<\/b><\/h3>\n

Wall Street Memes<\/span><\/a> have become a real force to reckon with in the crypto ecosystem. The project has raised close to $10 million now that its presale is still going. Demand for the presale token has also risen almost like never before.<\/span><\/p>\n

Crypto market observers are of the opinion that Wall Street Memes’ native token, WSM, could be getting ready for an unprecedented level of growth later this year. This is built on the fact that the Wall Street Memes development team had delivered such achievements in times past. Think of the Wall Street Bulls NFT Collection.<\/span><\/p>\n

The NFT collection was completely sold out within 32 minutes after it was launched. It raised an unbelievable $2.5 million in that short period of time.<\/span><\/p>\n