The global financial situation seems to be easing in some instances. But some fiat currencies like the Japanese Yen and Australian Dollar are increasing under pressure. Whereas, the Euro rose appreciably over the last 24 hours to give some respite to those affected by inflation.

Data from the US soothed some recession fears and it aided the Euro to rise. The succour did not travel throughout the financial market, however. Investors require a sure break for them to make decisive decisions on investments.

The crypto market has, hence, slipped into indecisiveness too. Investors are working hard to shore things up but they seem overpowered by events. The market’s capitalization dropped by 0.86% over the last 24 hours but trading volume increased by 5.45% at the same time. These show that a lot of activities went on but they didn’t meet up with the required strength.

It might turn out to be a long weekend for both financial and crypto markets due to the Muslim break. It is hoped that the current gains can be sustained till markets are back in full swing.

The Next Cryptocurrency To Explode

In as much as the crypto market appears to be in the grey area, lots of individual assets are clearly in the green. The next cryptocurrency to explode is a function of crypto assets’ ability to ride through the storm and have investors confident that it will not sink. 

The market is constantly carried by this category of assets at times like this. So cryptocurrencies are more constant market carriers than some others at the end of the day. What is important is that investors constantly have some assets to look up to and invest in while watching the general market.

1. DeeLance (DLANCE)

DeeLance’s presale is now closing in on $1.5 million. The presale is generating so much excitement among crypto enthusiasts and freelancers especially. DeeLance has also built a growing community of people who realize how much of a game-changer the platform is. This was recently shown when the DeeLance platform called for creatives in the community to enter a meme-creation competition. Tons of DeeLance memes have hit the internet since then as its lovers brought out their creative geniuses to advertise the company and opportunity in fun ways.

Still standing on its mandate to democratize the freelancing market, DeeLance is also pushing its metaverse that is built to enhance that purpose. The platform first of all streamlines the freelancing experience. It understands freelancers’ pain points and it tackles them frontally. The platform helps them streamline such things as securing their payment systems, and project management, as well as providing a means of transparent communication. With these settled, freelancers will be able to give attention to their main tasks. The platform’s UX also cuts down administrative workloads, promotes efficiency, and promotes quality work delivery.

🚀🎨 Calling all creative minds! 🎉✏️

We’re hosting a competition for the best #Meme design

Show us your creativity and win amazing rewards!

MUST

⭐ FOLLOW/LIKE/RT
⭐ Tag @deelance_com
⭐ Use hashtag #deelance $dlance #Ethereum

There will be 3 rewards for the top 3… pic.twitter.com/eKHuybNQWg

— DeeLance (@deelance_com) June 11, 2023

On the metaverse front, DeeLance has been able to redefine what collaboration means. It provides freelancers and their prospective employers with an immersive environment to meet each other through virtual reality. It also provides a networking opportunity and portfolio exhibition in the same space. Thus, creativity, connection, and other forms of deeper connection are fostered. Freelancers and those who require their services, therefore, have interactive and enabling experiences.

Investors who want to see the nature of work, and especially freelancing, change have an ongoing opportunity to be part of the future. Currently in its 5th stage, the presale may raise all the funds it needs before the scheduled end. Hurry now to seal your share of the next cryptocurrency to explode.

Visit DeeLance.

2. Stellar (XLM)

The next cryptocurrency to explode is Stellar’s XLM. Stellar started the day at the head of the gainers’ list with more than a 12% gain on CoinMarketCap. The token rode on the waves of the market trend because major firms recently applied for Bitcoin spot ETF. 

While closing on the 27th, Stellar’s XLM sold at $0.1033. By the morning of the 28th, the token’s price had moved another step higher to sell at $0.1059. That was a 70-day selling high.

Stellar recently entered a partnership with Tempo and Cowrie to launch some financial services in Nigeria, as announced by Stellar. Both Tempo and Cowrie built systems on Stellar’s network to address the challenges presented by traditional remittance. It has been, hitherto, costly, slow, and cumbersome.

There is now a bi-directional corridor of NGNT-EURT that has been created when Cowrie’s 1-to-1 NGNT token has been linked with Tempo’s EURT token. This move will give Nigerians access to remit to and from 50 countries. They can also ramp in the Nigerian Naira.

Stellar’s technology is delivering a real impact as it enables flexible, borderless, and fast transfers enhanced by blockchain technology.

The innate capabilities that Stellar developed attracted investors such that it got this overnight momentum. Its blockchain technology delivery sets it apart from others that are yet to scale its solution delivery.

3. Compound (COMP)

Compound (COMP) is intensifying the strength it shows toward recovery. The next cryptocurrency to explode has embarked on its own recovery journey so it can regain its position in the market.

Compound (COMP) is a decentralized protocol made for lending and it is built on Ethereum’s blockchain. The protocol was also affected along with other assets in the last market downturn. But recent updates have renewed the hope of investors who hold COMP. Thus, it has displayed a high level of resilience.

One of the factors responsible for COMP’s rapid rise is the steady interest in decentralized finance. Decentralized finance projects get lots of support because they promise to revolutionalize the financial system and create innovations. COMP benefits from this attention that the sector gains and it reaps the fruit of investor confidence.

Furthermore, the strong features of the Compound protocol contribute to its growth. It lets users lend cryptocurrencies while it provides an opportunity for investors to earn on their various assets and gain access to liquidity. The lending scheme is quite robust, in conjunction with its transparency and efficiency, it has become a formidable DeFi player.

Now that COMP is blazing hard, investors sitting on the sidelines may want to make a decision to buy the hottest coin in the market. The next big cryptocurrency to explode is the native token of a leading DeFi protocol. This guarantees that it will eventually stay ahead of the market chase.

4. VeChain (VET)

VeChain protocol has attained a new milestone as it is getting featured on HKVAC which is Hong Kong’s crypto index. Such is the attributed expected of the next cryptocurrency to explode. According to the information in the public domain, VET, which is the protocol’s native token will get listed with some other crypto assets on HKVAC. 

VeChain insider defined a crypto index like HKVAC as a basket of different cryptocurrencies that tag along with the performance of the underlying cryptocurrency. The strategy is used to have investors get exposure to different cryptocurrencies when they buy just one product.

Institutional investors were the only ones who could trade cryptocurrencies in Hong Kong before now. However, a new regulation is coming up and it may take effect in the second half of the year. It will enable everyone in the city-state to buy crypto if they wish.

The latest move from HKVAC is so significant to VET because it will give the platform and its token exposure to more investors’ funds. Along with the new momentum to make Hong Kong a crypto hub, VET adoption will be driven hard in the coming months. It will especially have a central use case as a smart payment system.

It should not be investors in Hong Kong alone who will benefit from the gathering profitability of the VeChain network. You too should.

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• Source: https://insidebitcoins.com/news/next-cryptocurrency-to-explode-wednesday-28-june-deelance-stellar-vechain