{"id":419682,"date":"2023-07-17T11:55:43","date_gmt":"2023-07-17T11:55:43","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=419682"},"modified":"2023-07-17T11:55:43","modified_gmt":"2023-07-17T11:55:43","slug":"next-cryptocurrency-to-explode-monday-17-july-wall-street-memes-1inch-network-algorand","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-monday-17-july-wall-street-memes-1inch-network-algorand","title":{"rendered":"Next Cryptocurrency to Explode Monday 17 July – Wall Street Memes, 1inch Network, Algorand"},"content":{"rendered":"

The Asian economy is largely slow for most parts of the continent as the widely expected Chinese stimulus package did not manifest. Stock markets there are also struggling for the same reason. It is currently not clear what the week has in store for them.<\/span><\/p>\n

The Chinese effect also spread to Australia. The country expects unemployment rates to increase this week. This is also because of the slow pace of the global economy.<\/span><\/p>\n

Whereas, US stocks are still rallying. <\/span>Goldman Sachs predicts<\/span><\/a> that the market is expected to remain fat and flat for the rest of the year. The main concern for investors at this point is whether the US economy will not enter a recession. It has been the main concern since the Federal Reserve took up interest rate hikes as its primary tool for fighting inflation.<\/span><\/p>\n

Investors’ appetite for the crypto market seems to have risen exponentially over the weekend. The market rose by 0.27% on Monday morning according to CoinMarketCap. This rise despite the slow movement of the macroeconomy suggests that investors want a safer alternative that guarantees short and medium-term returns.<\/span><\/p>\n

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

The crypto market is on the rise again while global stocks are mixed. Investors in certain areas of the globe are on the sideline to watch how the week pans out. Other traders and investors, on the other hand, have staked their positions in crypto.<\/span><\/p>\n

The <\/span>next cryptocurrency to explode explores the current market trajectory and where investors may want to look. <\/span><\/p>\n

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

An evident <\/span>next cryptocurrency to explode is <\/span>Wall Street Memes<\/span><\/a>. The project’s presale is going at a rather alarming rate while generating more excitement. In an unprecedented move, Wall Street Memes have raised more than $15 million for its presale. Investors are accumulating the asset such that it will end up being the hottest coin launch of the year.<\/span><\/p>\n

This project has also built a strong community of followers numbering more than a million. Rising from a movement that sort of rebelled against Wall Street, it is becoming one of the most profitable investment communities on the internet.<\/span><\/p>\n