{"id":431396,"date":"2023-08-19T16:22:20","date_gmt":"2023-08-19T16:22:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=431396"},"modified":"2023-08-19T16:22:20","modified_gmt":"2023-08-19T16:22:20","slug":"next-cryptocurrency-to-explode-saturday-19-august-sonik-coin-hedera-injective","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-saturday-19-august-sonik-coin-hedera-injective","title":{"rendered":"Next Cryptocurrency to Explode Saturday, 19 August – Sonik Coin, Hedera, Injective"},"content":{"rendered":"

The crypto market is currently in the middle of a continued bear trend. The market capitalisation is down by 0.82%. It is a relative difference from the number on our next cryptocurrency to explode post. Bears have a measure of control as the Fear and Greed Index is at 34, indicating lots of fear.<\/span><\/p>\n

Global share also had its share of the downturn. The market fell to a two-month low, whereas the bond yields of the US government stayed consistent at the 16-year high. Investors are already betting that interest rates will remain high for the foreseeable future. The Chinese economic crisis also dampens investors’ optimism.<\/span><\/p>\n

The US Dollar is set to enter its fifth week of gain. It is the most prolonged period that the currency has seen in the last fifteen months. The long gain period is underpinned by the idea that interest rates will remain high or even go higher.<\/span><\/p>\n

Investors also focused on the Chinese liquidity crunch as it spread through the country’s shadow banking space. One of China’s most significant asset management firms, Zhongzhi, told investors that it has to restructure its debts.<\/span><\/p>\n

The most extensive Asia-Pacific share index fell by 0.9% to get close to a nine-month low. The total loss for the index is now more than 3%. It becomes its third consecutive week of decline.<\/span><\/p>\n

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

The crypto market is strongly affected by events and data in the stock market and macroeconomy. It has lowered Bitcoin to a two-month low, losing 0.44% of its market dominance.<\/span><\/p>\n

1. Sonik Coin (SONIK)<\/span><\/strong><\/h3>\n

The new <\/span>Sonik Coin<\/span><\/a> is an Ethereum-based ERC-20 token inspired by SEGA’s famous Sonic the Hedgehog franchise. When it entered the memecoin space, Sonik Coin arrived with a unique blend of humour and charm. It aims to carve a niche for itself in this multifaceted crypto market.<\/span><\/p>\n

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fast as fuk!
🦔💨https:\/\/t.co\/s1fTdXDQCK<\/a> pic.twitter.com\/H7JBIw32S2<\/a><\/p>\n

— SONIK COIN (@Sonikcoin) August 17, 2023<\/a><\/p><\/blockquote>\n