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Many dynamics are moving the global financial space, but the crypto market is now positively affected. According to reports, the US economy is now going through an earning recession and experts expect it to worsen. It is, however, said that the lo earnings are not likely to affect the stock market. As a matter of fact, it could drive stocks up just “if the estimates are low enough.”

In Asia, on the other hand, shares rose across the markets in anticipation of Wednesday’s Federal Reserve inflation report. Asian investors expect, for some reason, that the US Federal Reserve will announce an end to its interest rate hikes. They also hope that China will deliver economic stimulus packages that will lift the dragging economy.

In the British Isle, the Pound rose to a 15-month high against the US Dollar on Tuesday. The Pound gained 0.3% against the Dollar and 0.1% against the Euro. But there is continued pressure on the Bank of England to raise rates as wages in the country are up over their value this time last year.

The consequence of the broad economic positive atmosphere is that investors have an appetite for various types of assets, except the US Dollar. The crypto market has risen by over 1.9% in the last 24 hours. The data is a significant improvement from how the market opened the week as reported in our last next cryptocurrency to explode post.

The expected developments in the market such as the US inflation report coming on Wednesday and the Chinese stimulus package will also aid the crypto market. They are events likely to fuel investors’ appetite for the crypto market further.

The Next Cryptocurrency To Explode

As the financial market tries to break the burden of inflation, so does the crypto market try to sustain a bullish phase. Traders and investors naturally switch between both crypto and stock markets but global policies determine where the most weight falls per time. The next cryptocurrency to explode highlights the crypto market through a few assets.

1. DeeLance (DLANCE)

The DeeLance presale, currently in its 5th stage is doing well like a well-received crypto project will do. The project has now raised over $1.5 million while selling at $0.043 at this stage.

DeeLance has begun to reward its users and investors with an airdrop that began on Monday. Users are urged to take part in the airdrop and get rewarded with DLANCE tokens worth $7 after they complete certain tasks. DeeLance clarified via the same tweet it used to announce the airdrop that the reward will be paid into their wallets. Thereafter, another set of 1000 participants will be selected randomly to receive rewards.

Hey DeeLancers Our Airdrop is live!
Participate in our Airdrop and earn $7 in $DLANCE tokens for completing tasks 🔥
Airdrop: https://t.co/ukxdspIf0e
Airdrop rewards will be distributed to your wallet address After TGE & 1000 lucky random participants will be rewarded. pic.twitter.com/wc4cdwP9lB
— DeeLance (@deelance_com) July 10, 2023

DeeLance stays ready to advance the course that got its project started in the first place. The need to change the freelancing landscape and give freelancers and their employers an equal level of security and guarantee inspired the project. The platform also featured an NFT marketplace where freelancers can display their works and samples for prospective buyers to see. In the same marketplace, employers can set up their offices where they can hold interviews and meetings with freelancers and other people.

DeeLance will likely come up with other projects in the future that will bring more use cases to its platform. At the same time, it will increase the utility of its native token, DLANCE. This is the kind of innovative movement that helps the crypto market to remain relevant.

Likewise, being a Web3 project, DeeLance is one of the projects that reveal how Web3 will take over the future of work and other endeavors. Such projects have been attracting investors’ attention and drawing lots of funds recently.

Visit DeeLance.

2. Polygon (MATIC)

Polygon’s MATIC is displaying bullish tendencies as the next cryptocurrency to explode. The asset is currently up by 9.49% and selling at $0.74 as it keeps dominating the market as one of the lead tokens. It is particularly dominating the Ethereum Layer 2 space. Right now, its market capitalization is over $6.8 billion while it has a total value locked of over $970 million.

In spite of the numerous challenges facing the crypto market and Polygon Labs, the team continued to build and introduce new innovations. An example is the planned launch of Polygon 2.0 which is the network’s value layer. The launch is expected by the end of this month.

Polygon also maintains its bullishness among network integrations despite recent pressures from the US Securities and Exchange Commission.

For the analysis of its price movement, MATIC has been trending near the BNB coin on the weekly chart. The MATIC token recorded more than $540.9 million worth of trading volume in the last 24 hours. This is close to a hundred percent increase for the token. Due to this monumental increase, the MATIC token also rose by 9.49% in the last 24 hours.

Although it looks like MATIC’s price has been caught up within a rising channel when it fell by over 53% between March and June. some analysts may view this as a bearish signal that could cause the asset to slide further in the near term. A sustained buying pressure will, however, keep MATIC afloat. This is where traders and investors need to play a prominent part to make sure that the asset remains on the gainers’ list for a while longer.

Nevertheless, recent activities around the Polygon network exude confidence that MATIC is the next big cryptocurrency to explode.

3. Fantom (FTM)

The next cryptocurrency to explode is Fantom’s FTM. The asset made it on Tuesday morning to be one of the top gains on CoinMarketCap. Rising by 6.89%, the FTM token showed a work rate in the last 24 hours reminiscent of the advance of market leaders.

The platform was created to address the lacunas of the Ethereum network and to create a new type of blockchain. This blockchain would solve the problem known as the trilemma. It pertains to the three issues of security, scalability, and decentralization.

It is expected that 2023 will see FTM rising back to the level it was before January 2022. This will be a remarkable turnaround for the token. One of the factors expected to catalyze this development is the recently passed governance proposal that successfully brings gas mobilization to decentralized apps.

It will be of great benefit to developers who build on Fantom as it introduces a new source of revenue. They will be able to monetize the volume of transactions that they generate on their decentralized applications. The goal of this development is equally to attract quality developers to the network and guarantee a sustainable and healthy network.

With the strong community that it has, FTM could rise by up to 750% within a month as it did in November 2022. Fantom is attracting deep-pocketed investors like billionaire investor and founder, Stelian Balta. Other investors who would like to participate in building Fantom and get the rewards accruing to the network have a good opportunity to do so now.

4. BNB (BNB)

While the crypto market’s recovery may be considered to go slowly, BNB is one of the tokens intermittently leading the way and giving investors reasons to keep smiling. The native cryptocurrency of the Binance network shows strong of being the next cryptocurrency to explode as it currently sells at $247.16 according to CoinMarketCap.

BNB is an unusually high market flyer such that when it rises, it points to the fact that there is a positive sentiment surrounding the Binance network. Therefore, the latest rise in the asset’s price may be connected with the recent announcement of the Arkham Intelligence token listing.

Arkham Intelligence is quite different from other tokens supported by the Binance exchange. This is because Arkham Intelligence already gained its position in the market as an analytic platform that helps to reveal theft and scams in the crypto space.

Due to that, the announcement of the listing drew a lot of interest from whales and traders alike. Many users of the Binance network are, thus, accumulating BNB so they can participate in acquiring ARKM tokens when the time comes. Acquiring BNB for such purposes is in tandem with Binance’s launchpad campaign model.

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