{"id":428202,"date":"2023-08-09T14:44:06","date_gmt":"2023-08-09T14:44:06","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=428202"},"modified":"2023-08-09T14:44:06","modified_gmt":"2023-08-09T14:44:06","slug":"next-cryptocurrency-to-explode-wednesday-9-august-wall-street-memes-shiba-inu-pepe","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-wednesday-9-august-wall-street-memes-shiba-inu-pepe","title":{"rendered":"Next Cryptocurrency to Explode Wednesday, 9 August – Wall Street Memes, Shiba Inu, Pepe"},"content":{"rendered":"

The crypto market is doing a lot better on Wednesday as its capitalization is up by 1.84% higher than Tuesday. <\/span>Our last next cryptocurrency to explode post<\/span><\/a> showed that the crypto market had a lot to deal with as it struggled to rise. The market, however, began the recent uptick later on Tuesday.<\/span><\/p>\n

Good news from Wednesday’s European and American stock markets would add to investors’ excitement. The Italian government announced a new tax regime on bank profits. The move was welcome in all spheres of the European market as it relieved the banks. This is a major factor behind the stock market rebound in the economic zone.<\/span><\/p>\n

Across the pond, stock futures are also giving signs of a rebound ahead of the inflation report. The US expects the inflation reading on Thursday to stay how the economy fared in July. The same is expected in China. With export down last month, investors hope that China’s inflation report will offer some relief.<\/span><\/p>\n

While the market braces up, they are also trying to gather as much as possible before the reports. India’s Prime Minister, Narendra Moody, has indicated that banks are not out of the woods yet. This came as the PM downgraded ten institutions on Tuesday on the grounds of high funding and low returns. This move sent the share prices of mid-sized banks to plummet almost immediately.<\/span><\/p>\n

The Next Cryptocurrency To Explode<\/span><\/strong><\/h2>\n

Seeing what the trends are about, it may be safe to say that the crypto market is taking the right steps in the right direction. If the inflation reading sharpens investors’ appetite for risky assets, the market will receive new inflows.<\/span><\/p>\n

The high trading volume within the market for the last couple of days was due to the rapid movement of existing funds. That is expected to change soon. If that does not happen, then the market may slide further into the bearish zone.<\/span><\/p>\n

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

One of the market-leading presales, <\/span>Wall Street Memes<\/span><\/a>, is blazing harder with its presale. It has now raised over $22.5 million. The rate at which it gathers attention and rakes in funding stabilizes its feet as the <\/span>next cryptocurrency to explode.<\/p>\n

As old timers may know, Wall Street Memes was born from the GameStop and Wall Street Bets crises. This project combines internet culture, meme humor, and financial activities. The central goal of this project is to lighten the effects and situations of traditional finance. At the same time, it gives users exposure to the crypto market. They can invest and catch fun at the same time. <\/span><\/p>\n

The platform’s native token, WSM, stands as the embodiment of the entire movement. The token allows users to engage in bets as Wall Street traders do. Interested persons have to join the community and buy the WSM token to become part of the movement. <\/span><\/p>\n

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Buy high, sell low. pic.twitter.com\/OwFLpZ9jXv<\/a><\/p>\n

— Wall Street Memes (@wallstmemes) August 7, 2023<\/a><\/p><\/blockquote>\n