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The crypto market cap is currently up 0.07% to $1.17 trillion: a low increase but a significant departure from the previous day. There are also more assets that are up at significantly higher rates than a few days ago. Can these be taken as signs that the crypto market is on an upswing? Or are they just effects of a new week? The next 24 hours should provide more clarity.
Stocks in Asia fell in the early hours of Monday on the back of China’s real estate crisis. The real estate situation highlights the need for urgent stimulus packages, although Beijing does not seem to be paying attention.
In the US, rising Treasury yields pushed the dollar against the Japanese yen. The dollar is currently at its highest point this year.
Geopolitics added weight to the struggling global economy on Sunday. The push followed fears after a Russian battleship reportedly fired warning shots at an alleged cargo ship in the Black Sea. The event turned a new page in the ongoing crisis in Eastern Europe as it could affect food and oil prices.
The US will release reports on industrial production and retail sales on Tuesday. Analysts say the reports should be more impressive. That will put further pressure on the Yuan.
The news from China showed that two firms had not yet received payment for their maturing investment products at Zhongrong International Trust Co. The news put more pressure on investors into additional real estate troubles.
The next cryptocurrency to explode
Investors who remain on the sidelines should be ready to re-enter the market. All indicators favor a bullish run; all that remains is the actual game. If there were, it would be great if the crypto market bounced back before the subsequent rate hike.
1. Wall Street Memes (WSM)
The groundbreaking Wall Street memes token presale is not running its course. It has raised over $23.7 million as of this report. It is without a doubt the next cryptocurrency to explode after it is launched.
As part of its way of encouraging presale participants and attracting more, it conducts an airdrop. The $50,000 airdrop will allow investors to win a share of five $10,000 worth of WSM tokens. Participants wishing to participate in the airdrop must follow specific steps, including following the WSM Twitter page. Other steps include visiting the project’s Instagram and website, joining Discord and Telegram, and providing a Proof-of-Purchase WSM token. There are currently 111 days left for participants to participate in the airdrop.
Anyone else or just me? pic.twitter.com/ED5ojBIeDI
— Wall Street memes (@wallstmemes) August 13, 2023
There are always people who wonder whether WSM is a good investment. The need for continuous reassurance is in the interest of this category of people. It also serves to remind the market of the fascinating history of the project. The goal, on a grand scale, is to revolutionize the financial space using blockchain and meme culture.
In addition, Wall Street Memes want to empower all investors because it disrupts traditional financing. In addition to using memes to create disruption, it also uses decentralized finance. Importantly, it puts control back in the hands of investors.
For its token management, WSM has allocated 5% of its total supply to marketing efforts. In doing so, it has expanded its media channels and engaged the services of influencers. 3% are also divorced to reward the community for their loyalty. 10% each is allocated to a centralized and decentralized exchange to provide liquidity when it officially starts trading.
In particular, the team behind this project has a clear step-by-step plan that is split into three phases. The roadmaps help ensure its long-term success.
The first stage is the base. It focuses this phase on building its smart contract and a strong community. It also focuses on launching extensive marketing and branding campaigns. The goal is to engage the community in good service and spread the word about the projects.
The second phase is the launch. It’s when WSM is officially launched. The team will continue to build and finalize the necessary partnerships. It will also list the token on exchanges as it runs more campaigns to bring WSM to the mainstream. In this crucial phase, it will work with meme creators, influencers and content platforms.
The final stage is community involvement. The team unlocks certain community benefits here. It is looking forward to having a billion dollar market cap and being listed on the top exchanges.
Visit Wall Street memes.
2. Zcash (ZEC)
Zcash is one of the notable crypto assets in the past 24 hours. It has maintained a relatively stable performance despite not making huge profits. The token saw a modest price increase of 1.74% during this period and is currently trading at $29.85. This modest uptick highlights the consistent nature of Zcash as it demonstrates resilience in avoiding bearish trends.
The token has shown consistent price performance over the past few months. Considering this token as an investment option can be valuable. This recommendation is based on analytical research and the predictions of cryptocurrency experts, indicating a potential for a significant price increase.
It is worth noting that Zcash’s trading volume also posted significant gains, with a 76.06% increase in market activity within the same 24-hour time frame, amounting to $53.5 million. Despite the past decline, there is no immediate cause for concern as Zcash remains above the $29.11 support level, suggesting the possibility of a possible rally.
ZEC token holders eagerly await a resurgence in value. Investors tend to flock to assets like Zcash. It offers privacy tools not found in most other crypto projects. With the recent call for more privacy in transactions, investors would instead use a platform that offers that option.
3. Mina (MINA)
The Mina protocol is a minimalist blockchain carefully designed to reduce the computing requirements needed to run decentralized applications with remarkable efficiency. Mina is the world’s lightest blockchain, a unique feature made possible by its ability to maintain a consistent size even as its usage increases. Remarkably, it achieves this balance while maintaining a robust stance on security and decentralization. The project underwent a rebranding transformation. It has moved from the Coda protocol to Mina, a change made in October 2020.
In recent months, the MINA coin, like most of the market, has experienced significant volatility. The situation prompted some investors to explore alternative options for better investment opportunities.
However, the asset has managed to post a 3.29% increase in its price value over the past 24 hours. It is currently trading at $0.4825. However, if we look at the performance over the past 30 days, it becomes clear that the price value of the coin has dropped by 2.50%.
Moreover, about two months ago on June 10, 2023, Mina hit an all-time low when the token traded at $0.37.
The latest rise is a glimmer of hope that something major is happening. A little push further, and it could turn into a bull run. Bulls need to maintain momentum to regain control of the market.
4. Conflux (CFX)
The Conflux Network is a prominent public Layer-1 blockchain designed to enable decentralized applications. It also boosts e-commerce and pushes Web3 infrastructure development. The primary mission is to outperform existing protocols by providing better security, scalability, and decentralization.
One of the strengths of the Conflux network is its ability to carry out the fast, efficient and cost-effective transfer of valuable assets. It simplifies the transfer of assets by ensuring a seamless process with no network congestion and minimal transaction costs. The foundation of the platform rests on the innovative Tree-Graph consensus mechanism, which ingeniously combines the strengths of Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. This approach forms a solid basis for its business operations.
Conflux doesn’t stray far from the norm in terms of its smart contract capabilities. It uses Turing-complete intelligent contracts written in Solidity, the same language used on Ethereum. It features compatibility with the Ethereum Virtual Machine (EVM), enhancing interoperability with the wider blockchain ecosystem.
The driving force behind Conflux’s rapid growth is its own token, CFX. This token fulfills a versatile role within the platform, offering users financial incentives to participate and actively participate. CFX is a means of paying transaction fees, plays a vital role in network management, and is distributed as compensation for miners who contribute to network security through staking mechanisms. This comprehensive token utility contributes significantly to the platform’s overall ecosystem and appeal to users and miners alike.
On July 2, an important collaboration was established between World Mobile and Conflux. This collaboration aims to foster a more connected, inclusive and decentralized global environment. The Conflux-World Mobile partnership will improve interoperability and introduce EarthNode capabilities.
Experts believe that the strategic alliance with Conflux will substantially support World Mobile’s expansion plans, particularly in key Asian and African markets. This collaboration offers great potential for both companies.
It is one of the main reasons why the CFX token has risen significantly and received a lot of attention.
read more.
Wall Street Memes – Next Big Crypto
- Early Access Presale now live
- Established community of stock and crypto traders
- Featured on BeInCrypto, Bitcoinist, Yahoo Finance
- Rated as the best crypto to buy right now in the Meme Coin sector
- Team behind OpenSea NFT Collection – Wall St Bulls
- Tweets answered by Elon Musk
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