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Global financial markets experienced a week of moderate gains, with Wall Street’s main indices posting positive performances. This occurred alongside a broader trend in international stocks, marking the most significant monthly rally since November 2020. However, trading remained subdued due to the US Thanksgiving holiday.
Additionally, oil futures were steady ahead of the upcoming OPEC+ meeting, where discussions could turn to production cuts in 2024. Gold futures rose as the dollar index weakened against a basket of coins on Friday.
<img decoding="async" class="aligncenter size-full wp-image-460028" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="crypto heatmap” width=”1707″ height=”830″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2023/11/Next-cryptocurrency-to-explode-on-Sunday-November-26-Trust-Wallet.png 1707w, https://insidebitcoins.com/wp-content/uploads/2023/11/Coin3601-300×146.png 300w, https://insidebitcoins.com/wp-content/uploads/2023/11/Coin3601-1024×498.png 1024w, https://insidebitcoins.com/wp-content/uploads/2023/11/Coin3601-768×373.png 768w, https://insidebitcoins.com/wp-content/uploads/2023/11/Coin3601-1536×747.png 1536w” data-lazy-sizes=”(max-width: 1707px) 100vw, 1707px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2023/11/Next-cryptocurrency-to-explode-on-Sunday-November-26-Trust-Wallet.png”/><img decoding="async" class="aligncenter size-full wp-image-460028" src="https://technicalterrence.com/wp-content/uploads/2023/11/Next-cryptocurrency-to-explode-on-Sunday-November-26-Trust-Wallet.png" alt="crypto heatmap” width=”1707″ height=”830″ srcset=”https://technicalterrence.com/wp-content/uploads/2023/11/Next-cryptocurrency-to-explode-on-Sunday-November-26-Trust-Wallet.png 1707w, https://insidebitcoins.com/wp-content/uploads/2023/11/Coin3601-300×146.png 300w, https://insidebitcoins.com/wp-content/uploads/2023/11/Coin3601-1024×498.png 1024w, https://insidebitcoins.com/wp-content/uploads/2023/11/Coin3601-768×373.png 768w, https://insidebitcoins.com/wp-content/uploads/2023/11/Coin3601-1536×747.png 1536w” sizes=”(max-width: 1707px) 100vw, 1707px”/>
In Europe, the STOXX 600 index posted a 0.4% rise on Friday, marking its second consecutive weekly gain. Investors watched German data closely for the country’s economic outlook, causing Germany’s DAX index to close down 0.2%.
Turning to geopolitical developments, a four-day ceasefire between Israel and Hamas began on Friday. In particular, militants freed a group of hostages, marking the first steps toward a possible easing of tensions in the nearly seven-week conflict.
The next cryptocurrency to explode
Financial markets showed modest gains in several indices amid cautious optimism and deliberations over economic indicators, interest rates and geopolitical developments. These fluctuations align with typical financial market volatility, contributing to a nuanced understanding of current dynamics.
1. Trusted Wallet Token (TWT)
TWT is positioned as the next cryptocurrency to explode, having witnessed 15 green days in the last 30. Trust Wallet Token (TWT) is currently trading at $1.194547, with a 24-hour trading volume of 40.82 million. Dollars. Its market capitalization is $497.71 million, with a market dominance of 0.03%. Over the past day, the token saw a 3.76% price increase.
Furthermore, the highest recorded price of the token was $2.73 on November 14, 2022, while the lowest was $0.002771 on June 9, 2020. Since the last all-time high, the lowest price recorded was $0.713506 and the highest touched $1.825630. Currently, sentiment analysis indicates a bullish trajectory, while the Fear & Greed index registers 73, indicating a level of greed in market sentiment.
With a circulating supply of 416.65 million TWT out of a maximum supply of 1 billion TWT, Trust Wallet Token is currently ranked #2 in the Tron Network sector by market cap. Furthermore, technical analysis suggests that the 200-day simple moving average will rise in the coming month, reaching $1.050877 on December 26, 2023. Additionally, the short-term 50-day SMA is projected to reach $1.050877 on December 26, 2023. 235,917 dollars on the same date.
Improve your #TrustWalletExtension browser security, with @HashDit #WEB3 extension!
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— Trusted Wallet (@TrustWallet) November 24, 2023
The Relative Strength Index (RSI) stands at 49.68, indicating a neutral position in the market, neither oversold nor overbought. Meanwhile, the 30-day forecast anticipates TWT to trade at $1.260749 on December 3, 2023, indicating a gain of 4.78%.
Highlights include consistent trading above its 200-day SMA, seeing 15 days of positive trading over the last 30. Additionally, it displays a moderate level of liquidity based on its market capitalization and is actively listed on Binance.
2. Oasis Network (ROSE)
Oasis Network, valued at $0.081881, has shown a substantial price increase of 77% over the past year. As such, it surpasses 73% of the top 100 growing crypto assets, making it the next cryptocurrency to explode. Technical analysis shows that the project is trading above its 200-day simple moving average. Furthermore, in the last 30 days, the network experienced positive gains on 18 occasions, representing 60% of the observed period.
Currently positioned near its cycle high, Oasis Network enjoys high liquidity due to its market capitalization and is actively traded on Binance. This has contributed to its accessibility and presence in the market. Furthermore, financial metrics indicate a market capitalization of $535.69 million and a 24-hour trading volume of $123.62 million, suggesting moderate market activity. With 6.54 billion ROSE tokens circulating out of 10.00 billion ROSE, the annual supply inflation rate is 14.26%.
Historically, Oasis Network reached its maximum price of $0.592943 on January 15, 2022. On the contrary, its lowest point was $0.032259 on November 26, 2020. Meanwhile, the current price is approaching its maximum cycle rate of $0.085614, with a projected range for next week estimated between $0.081541 and $0.084188.
Grateful for all our friends at Web3, privacy pioneers, and the Oasis community at large.
wagmi 🩵 pic.twitter.com/iqCnDZHGHi
– Oasis Network (@OasisProtocol) November 23, 2023
According to predictions, a potential increase of 3.25% will reach $0.084188 on December 4, 2023, if the upper target price is reached. Furthermore, a wider trading range of $0.070830 to $0.089821 is anticipated, which could result in an increase of 9.36% if the upper target is reached. Oasis Network, which is ranked 15th in the proof-of-stake coin sector, maintains a notable presence within these categories.
Furthermore, a bullish sentiment prevails regarding ROSE, which is reflected in a Fear & Greed Index score of 73. As such, the current outlook for Oasis Network appears optimistic. In summary, Oasis Network presents promising performance metrics, favorable technical trends, and a prominent market position within the cryptocurrency space.
3. Osmosis (OSMO)
Osmosis (OSMO) is currently exhibiting several notable indicators in its trading performance and market dynamics. According to the latest data, the coin is trading above its 200-day simple moving average, indicating a possible bullish trend. OSMO has demonstrated resilience over the last 30 days with 18 green days, representing a 60% positive trading pattern.
In terms of liquidity, Osmosis has high liquidity based on its market capitalization, which guarantees solid commercial activity. Notably, it is available for trading on Binance, a popular exchange platform.
Currently, the price of Osmosis stands at $0.667879, with a 24-hour trading volume of $13.68 million and a market capitalization of $188.65 million. Meanwhile, it maintains a market dominance of 0.01%, representing modest market activity. In the last 24 hours, OSMO price has seen an increase of 3.29%.
Curious about @CelestiaOrgThe modular ecosystem of?
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Powered by @Hyperlane_xyzPipette serves as Osmosis’ bridging solution to connect Celestia to the modular ecosystem. pic.twitter.com/GclPxmGNMs
— Osmosis² (@osmosiszone) November 21, 2023
Current sentiment analysis indicates a bullish outlook for Osmosis. Furthermore, the Fear & Greed index registers at 73, indicating a state of “greed” within market sentiment. Looking at its symbolic metrics, the circulating supply of Osmosis currently stands at 282.46 million OSMO out of a maximum supply of 1 billion OSMO.
4. bitcoin ETF Token (BTCETF)
bitcoin ETF Token (BTCETF) introduces an investment avenue for those interested in speculating on the potential impact on the market following the approval of a btc spot ETF. BTCETF is designed with unique tokenomics to reduce supply, potentially increasing scarcity and its value over time.
Describing #BitcoinETF: not just an anticipation of the bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin #ETF increase, but a utility #Symbolic!
A quarter of the offer is allocated to incentives, promoting the strength of the network.
Stay tuned for details on the platform for complete transparency! pic.twitter.com/loXeh8JyMQ
– BTCETF_Token (@BTCETF_Token) November 26, 2023
A key feature is a burning mechanism intended to burn up to 25% of the total supply as important ETF approval milestones are reached. Additionally, it implements a 5% transaction tax, which gradually decreases by 1% at each milestone, offering incentives to long-term holders.
Another aspect is its staking protocol, which allows BTCETF token holders to earn APY of up to 179%. Despite being in its pre-sale phase, the project has generated substantial interest from the beginning, raising more than $1.7 million.
During the pre-sale phase, investors can purchase BTCETF tokens at $0.0056 each, but this price is subject to increase shortly. The project aims to list on multiple exchanges after the pre-sale, attracting early supporters who view an initial investment at the initial price as potentially strategic should momentum persist.
While bitcoin remains the largest cryptocurrency globally, bitcoin ETF Token presents a speculative opportunity for investors looking to capitalize on the long-awaited approval of a spot BTCETF.
Visit bitcoin ETF Token.
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