{"id":423336,"date":"2023-07-26T12:35:01","date_gmt":"2023-07-26T12:35:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=423336"},"modified":"2023-07-26T20:12:14","modified_gmt":"2023-07-26T20:12:14","slug":"next-cryptocurrency-to-explode-wednesday-26-july-chimpzee-theta-network-compound","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-wednesday-26-july-chimpzee-theta-network-compound","title":{"rendered":"Next Cryptocurrency to Explode Wednesday 26 July – Chimpzee, Theta Network, Compound"},"content":{"rendered":"

All attention is now turned towards the US Federal Reserve as it is set to announce a rate policy decision on Wednesday. The market widely expects a 25 basis point rate increase from the Feds but it may be more. Most importantly, everyone will be listening keenly to the Feds Chairman, Jerome Powell’s speech. He is expected to give indications on whether there will be further rate hikes and when.<\/span><\/p>\n

The Federal Reserve is only the first among other central banks expected to make their interest rate decision known this week. The European Central Bank, the Bank of Japan, and the Bank of England are to follow suit promptly. The US Fed’s decision will equally set the tone for the other central banks.<\/span><\/p>\n

While the European Central Bank is expected to increase its rate by a minimal point, the Bank of Japan is expected to maintain its loose monetary policy.<\/span><\/p>\n

Meanwhile, shares slipped in Asia early on Wednesday as the market waits for the details of the Chinese stimulus package. The expected Federal Reserve’s decision also weighs on the market as traders tread cautiously. European investors are expected to show the same caution too.<\/span><\/p>\n

The crypto market cut some benefits from all these as it rose by 0.28%. Although a small gain, it is a break from the loss of the last 24 hours <\/span>as we reported<\/span><\/a>. The market’s appetite will either be sharpened or dulled by the Fed’s announcement. <\/span><\/p>\n

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

There are a lot more gainers on the CoinMarketCap gainers’ list than in the last 2 days as a rise occurs. The gain margin of some assets is also significantly high. The responsible factors are usually internal to individual assets based on their development.<\/span><\/p>\n

It is expected that traders are able to sustain the current uptick and push the market into comfortable territory. The momentum will also increase once the Federal Reserve’s decision has been announced.<\/span><\/p>\n

1. Chimpzee (CHMPZ)<\/b><\/h3>\n

It is now very important for everyone to key into the global wave of being eco-friendly and take up activities that support it. The call for sustainability and protection has grown across the world and generated much attention. Green cryptos have come up as a response to that call. It is a move to sync the development of blockchain technology with the call for ecological preservation.<\/span><\/p>\n