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The global cryptocurrency market is now valued at $1.42 trillion. It had a slight increase of 0.23% in the last 24 hours. However, despite this increase in market capitalization, the total trading volume has decreased significantly. It amounted to $38.64 billion during the same period, reflecting a notable drop of 30.21%.
The current volume of the decentralized finance sector is $4.23 billion, which constitutes approximately 10.94% of the 24-hour trading volume of the overall crypto market. On the contrary, stablecoins continue to dominate the trading arena, with a volume of $33.82 billion, representing 87.53% of the total crypto market volume in the last 24 hours.
bitcoin currently has a dominance rate of 51.47%, witnessing a marginal decline of 0.02% throughout the day. The next cryptocurrency on the market to explode is expected to only find resistance in its path.
Losses in Porcelain Asian stocks fell on Friday as Wall Street was closed for the Thanksgiving holiday, causing a lack of direction in the market. Meanwhile, the dollar remained weak and Treasury yields saw a slight rise.
The prevailing festive mood is expected to extend to Europe, where EUROSTOXX 50 futures will show minimal movement. Similarly, both S&P 500 futures and Nasdaq futures indicated little change.
While MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.6%, it is still on track for a 0.8% weekly gain. November saw a 7% rise in this index, and investors are increasingly convinced that US interest rates have peaked, sparking discussions about the timing and pace of potential rate cuts.
The next cryptocurrency to explode
Japan markets (.N225) resumed trading after a holiday, seeing the Nikkei (.225) rise 0.7%, approaching a 33-year high reached earlier in the week.
Blue-chip Chinese stocks (.CSI300) fell 0.7% and Hong Kong’s Hang Seng Index (.HSI) tumbled 1.4%, reversing significant gains from the previous day. Hong Kong-listed Chinese developers (.HSMPI) faced a 2% drop after a 6.4% rise on Thursday following additional support measures announced by Beijing to boost the struggling real estate sector.
1. Gas (GAS)
Gas (GAS) is the next cryptocurrency to explode today, leading the gainers chart on CoinMarketCap. It has seen a notable increase in price, reaching $9.45 today, accompanied by a staggering 24-hour trading volume of $511.06 million. This increase represents a significant price increase of 22.89% in the last 24 hours and an increase of 11.98% in the last seven days. With a circulating supply of 65 million GAS tokens, the cryptocurrency has a market capitalization valued at $602.83 million.
The highest price recorded for Gas (GAS) is $91.94, reached on January 15, 2018, almost six years ago. The current price reflects a considerable difference of 89.82% from the all-time high. In contrast, the lowest recorded price for gas (GAS) was $0.621309 on March 13, 2020, more than three years ago. The current price represents a notable increase of 1,406.47% from the all-time low.
Over the past seven days, Gas (GAS) has demonstrated a solid 9.70% price increase, outperforming the broader global cryptocurrency market which has seen a 2.70% increase. Consequently, market sentiment towards this token is bullish, with over 82% of users expressing positive feelings about the current performance of the cryptocurrency.
Gas (GAS) continues to attract attention with its recent price surge, showing a substantial increase in trading volume and market performance, positioning itself relatively well compared to its peers in the crypto market.
2. bitcoin ETF Token (BTCETF)
bitcoin ETF Token (BTCETF) presents an opportunity for cryptocurrency investors to speculate on the potential impact on the market following the approval of a btc spot ETF. Its native token, BTCETF, implements unique tokenomics to decrease supply and potentially improve scarcity, thus increasing its value over time.
bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoinThe journey unfolds amid record downtime and regulatory talks. #BlackRockThe commitment raises the hopes of the ETF. What is your opinion on the resilience of btc?src=hash&ref_src=twsrc%5Etfw”>#btc and the #ETF perspectives?
Share your thoughts! #BitcoinETF #RegulationTalk crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto
– BTCETF_Token (@BTCETF_Token) November 23, 2023
One notable feature is a burning mechanism that plans to burn up to 25% of the total supply as important ETF approval milestones are reached. Additionally, it incorporates a 5% transaction tax, which is progressively reduced by 1% at each milestone achievement, thus rewarding long-term holders.
Additionally, bitcoin ETF Token features a staking protocol for BTCETF, allowing token holders to earn APY of up to 179%. Despite being in its pre-sale phase, the project has already raised over $1.5 million, indicating substantial interest from the start.
Investors can purchase BTCETF tokens at $0.0056 each during the current pre-sale stage. However, this price will increase in a few hours from the time of writing this article. Anticipating listing on multiple exchanges after the pre-sale, early supporters see investing at the initial price as a potentially strategic move if momentum persists.
While bitcoin retains its status as the world’s leading cryptocurrency, bitcoin ETF Token presents an intriguing speculative opportunity for investors looking to capitalize on the long-awaited approval of a btc spot ETF. This is the opportunity taken to make BTCETF the next cryptocurrency to explode.
Visit bitcoin ETF Token.
3. Mantle (MNT)
Mantle (MNT) is another crypto asset that is gaining today. It is selling today for $0.506045, with a 24-hour trading volume of $119.79 million. This marks a notable price increase of 7.68% in the last 24 hours, but a small price drop of 2.93% in the last seven days. With a circulating supply of 3.1 billion MNT tokens, Mantle has a market capitalization valued at $1.57 billion.
The highest price on record for Mantle (MNT) peaked at $0.600075 on July 20, 2023, about four months ago. The current price represents a modest 15.50% difference from this all-time high. In contrast, about a month ago, the lowest price recorded for Mantle (MNT) was $0.307978 on October 18, 2023, marking a considerable rise of 64.65% from the all-time low.
Mantle (MNT) has seen a drop of 2.10% over the past seven days, indicating an underperformance of the global cryptocurrency market which has seen a rise of 2.70%. Furthermore, when it comes to similar cryptocurrencies within the ethereum ecosystem, Mantle is lagging behind its peers, showing an uptrend of 12.70%.
DeFi Discovered Ep. 4 coming to you next week, brought to you by Mantle Ecosystem Researchers @0xavarek and @defi_maestro!
November 29 at 2 pm UTC
We draw 20 $MNT to 5 users to send the best questions, details in the form: https://t.co/6D51uHi5aU pic.twitter.com/cAm7mxMV7F– Mantle (@0xMantle) November 23, 2023
Community sentiment around Mantle (MNT) is optimistic despite its comparative losses, with over 75% of users expressing positive sentiment about the cryptocurrency’s current performance. This is a major factor that makes it the next cryptocurrency to explode.
Mantle (MNT) continues to navigate various market movements, experiencing moderate price fluctuations while also showing a divergence in performance compared to both the global crypto market and its specific counterparts within the ethereum ecosystem. Despite recent fluctuations, the prevailing market sentiment towards Mantle remains predominantly optimistic.
4.Neo (NEO)
NEO (NEO) is currently priced at $11.10 and has a 24-hour trading volume of $76.16 million. This marks an increase of 3.85% in the last 24 hours, but reflects a slight drop of 4.60% in the last seven days. The cryptocurrency has a market capitalization of $781.66 million with a circulating supply of 71 million NEO tokens.
The lowest recorded price for NEO (NEO) is $0.078349, recorded on October 21, 2016, approximately seven years ago. The current price reflects a significant increase of 14,075.42% from the all-time low, showing the substantial growth seen over the years.
NEO (NEO) has a market capitalization of $781.66 million and is currently ranked 64 on CoinGecko. Market capitalization is determined by multiplying the token price by the circulating supply of NEO tokens, which is currently 71 million marketable tokens.
Over the past seven days, NEO (NEO) has seen a drop of 4.60%, indicating underperformance compared to the global cryptocurrency market which has seen a rise of 2.70%. Furthermore, when it comes to similar smart contract platform cryptocurrencies, NEO lags behind, showing a 3.30% increase among its peers.
Our most sincere thanks to our amazing #neo community! We wish you and your families a happy Thanksgiving holiday. #happythanksgiving2023 pic.twitter.com/tokLxD3Q7E
– Neo Smart Economy (@Neo_Blockchain) November 23, 2023
Community sentiment around NEO (NEO) remains optimistic, with over 54% of users expressing positive feelings about the cryptocurrency’s current performance and its ability to be the next cryptocurrency to explode.
Despite recent fluctuations and a week-long drop, NEO continues to attract attention within the crypto space. Its current price rise during the day suggests a possible change in momentum, while the community remains optimistic about NEO’s potential in the market.
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