Exploring Trends: What Crypto Will Be the Next to Explode?

• Serum (SRM) is a decentralized exchange software built on Solana, where traders can buy and sell cryptocurrencies.
• SRM experienced peaks and troughs in the first few months of 2022, but plummeted in May due to the de-pegging of the UST stablecoin and the collapse of LUNA.
• There is no way to know with certainty which crypto will explode next, but tokens capitalizing on current trends, such as decentralized finance, data storage, and digital payment solutions, could be worth considering.

The crypto market has been in a state of tumult in recent months, and this has been especially true for the token Serum (SRM). SRM is a decentralized exchange software built on Solana, where traders can buy and sell cryptocurrencies. This exchange was designed to rival those built using an automated market maker (AMM) such as Sushi, Uniswap and Bancor.

In 2021, the crypto market saw some explosive growth, with Solana increasing in value by more than 10,000%, and Meme token Shiba Inu shooting up more than 40,000,000%. Unfortunately, things have not gone as well in 2022. SRM has experienced peaks and troughs in the first few months of the year, but in May, the token saw a huge drop due to the de-pegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency. This further worsened in June, when the token was hit by the flash crash of the SRM/BTC pair.

It is almost impossible to know with certainty which crypto is next to explode. However, there are some tokens which are capitalizing on current trends, such as decentralized finance, data storage, and digital payment solutions. These tokens could be worth considering, as they could prove to be a safe haven in the midst of the tumultuous crypto market. For example, a token like Yearn Finance (YFI) has seen its value increase significantly, as investors are attracted to its ability to generate yield from a variety of different sources.

Ultimately, only time will tell which crypto will be the next to explode. However, by staying informed and keeping an eye on tokens capitalizing on current trends, investors may be able to increase their chances of success.