{"id":433143,"date":"2023-08-25T11:36:41","date_gmt":"2023-08-25T11:36:41","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=433143"},"modified":"2023-08-25T11:36:41","modified_gmt":"2023-08-25T11:36:41","slug":"next-cryptocurrency-to-explode-friday-25-august-wall-street-memes-bone-shibaswap-monero","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-friday-25-august-wall-street-memes-bone-shibaswap-monero","title":{"rendered":"Next Cryptocurrency to Explode Friday, 25 August – Wall Street Memes, Bone ShibaSwap, Monero"},"content":{"rendered":"

After a short-lived <\/span>high on Thursday<\/span><\/a>, the crypto market returns to the lower swing. The market capitalization is currently down by 1.74%. The last 24-hour trading volume is also done by 14.49%. The ongoing inconsistency is reminiscent of every bear market. It is not known when the current trend will hit a permanent reversal.<\/span><\/p>\n

The crypto market’s downtrend is closely connected with unpredictable trends on the global financial scene. In Europe, policymakers at the bloc’s central bank are concerned about the zone’s poor economic growth. There is ongoing discussion on whether there will be a pause to the central bank’s rake hike.<\/span><\/p>\n

The European Central Bank raised interest rates at all its last nine policy meetings. The moves were necessary in an attempt to bring down the outrageous inflation. The latest rate hike was on the 27th of July. The bank is having a debate about whether it will raise rates in September or not. <\/span><\/p>\n

Stocks in Asia sold off while the US Dollar rose to an 11-week high early on Friday. The Dollar gained against all its major competitors, and investors prepared for a hawkish move from the US Federal Reserve.<\/span><\/p>\n

Treasury yields in the US have stabilized under the 14-year high. Crude oil is also under a month low but may be getting close to a second week of decline—the strength of the Dollar occasions the expected crude oil low and worries about China.<\/span><\/p>\n

Next Cryptocurrency to Explode<\/span><\/strong><\/h2>\n

Crypto investors will watch the financial and stock markets closely for signs of economic ease. The coming week may bring respite as the Jackson Hole conference looms.<\/span><\/p>\n

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

The current year has been marked by a flurry of activity in the crypto market’s presale projects. Among the multitude of promising ventures emerging, one in particular stands out. Unveiling the distinct attributes that set <\/span>WSM<\/span><\/a> apart will show the reasons behind its notable significance for the future and why it’s the <\/span>next cryptocurrency to explode.<\/span><\/p>\n