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The global cryptocurrency market saw a marginal decline in its overall market capitalization, settling at $1.4 trillion, down 0.86% in the last 24 hours. However, the next cryptocurrency to explode is one of many clogged. There are many hidden gems in cryptocurrencies that traders use to find the next cryptocurrency to explode.
Despite this slight decrease in market capitalization, trading activity increased significantly. During the same period, the total crypto market volume skyrocketed to $50.26 billion, representing a substantial increase of 10.48%. The decentralized finance sector contributed $4.97 billion to this booming market activity, representing 9.89% of the total 24-hour crypto market volume.
Surprisingly, stablecoins emerged as a dominant force in the cryptosphere, recording a total volume of $46.66 billion. This volume constitutes a staggering 92.84% share of the overall 24-hour trading volume of the crypto market, underscoring the strong presence and utility of stablecoins in the ecosystem.
bitcoin, the leading cryptocurrency, saw its dominance rise to 51.77%, reflecting a notable 0.27% increase on the day. The dynamic market capitalization and trading volume fluctuations of the cryptocurrency market illustrate the resilience and evolving trends within this rapidly expanding financial landscape.
<img decoding="async" class="aligncenter size-full wp-image-460455" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="crypto heatmap” width=”1280″ height=”687″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2023/11/The-next-cryptocurrency-will-explode-on-Tuesday-November-28-Bitcoin.png 1280w, https://insidebitcoins.com/wp-content/uploads/2023/11/28-c360-300×161.png 300w, https://insidebitcoins.com/wp-content/uploads/2023/11/28-c360-1024×550.png 1024w, https://insidebitcoins.com/wp-content/uploads/2023/11/28-c360-768×412.png 768w” data-lazy-sizes=”(max-width: 1280px) 100vw, 1280px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2023/11/The-next-cryptocurrency-will-explode-on-Tuesday-November-28-Bitcoin.png”/><img decoding="async" class="aligncenter size-full wp-image-460455" src="https://technicalterrence.com/wp-content/uploads/2023/11/The-next-cryptocurrency-will-explode-on-Tuesday-November-28-Bitcoin.png" alt="crypto heatmap” width=”1280″ height=”687″ srcset=”https://technicalterrence.com/wp-content/uploads/2023/11/The-next-cryptocurrency-will-explode-on-Tuesday-November-28-Bitcoin.png 1280w, https://insidebitcoins.com/wp-content/uploads/2023/11/28-c360-300×161.png 300w, https://insidebitcoins.com/wp-content/uploads/2023/11/28-c360-1024×550.png 1024w, https://insidebitcoins.com/wp-content/uploads/2023/11/28-c360-768×412.png 768w” sizes=”(max-width: 1280px) 100vw, 1280px”/>
Asian markets rose on Tuesday, maintaining momentum, while the dollar remained near its three-month lows. Investors remained confident in the Federal Reserve’s stance on concluding its rate-hiking cycle and were eagerly awaiting a crucial inflation report due later this week.
MSCI’s comprehensive index of Asia-Pacific shares excluding Japan (.MIAPJ0000PUS) rose 0.29%, poised to mark a nearly 7% rise in November. This performance represents the index’s strongest monthly gain since January.
However, European stock markets anticipated a muted start, as indicated by a 0.11% drop in Eurostoxx 50 futures, a 0.18% drop in German DAX futures and a 0.09% drop in in FTSE futures. Meanwhile, US stock futures indicated minimal changes.
The next cryptocurrency to explode
This week’s focus is on the Federal Reserve’s preferred inflation gauge scheduled for Thursday, along with eurozone consumer inflation data. These reports are eagerly awaited to better understand the price path and possible changes in monetary policy.
Markets are currently pricing in a 95% chance that the US central bank will hold interest rates next month. Furthermore, CME’s FedWatch tool indicates a growing tilt towards a possible rate cut towards mid-2024.
1. Celestia (TIA)
Celestia’s TIA token recently showed a notable surge, marking a staggering 143% gain in seven days. However, in the last 48 hours it experienced a slight decline of 6%.
Currently, TIA is trading at $5.61, close to the Fibonacci support of twenty-three point six percent at $5.52. This level is between its highs of $6.54 and lows of $2.25. A break of this support could trigger a price decline towards the $5.00 mark, in line with the 38.2% Fibonacci line. Investors may consider selling around these prices to safeguard profits from the rise in TIA value.
Even a seemingly modest airdrop of 50 tokens could have a significant future value of $200 to $300 in a downtrend. This emphasizes the lasting potential of acquiring TIA through existing incentives before broader adoption potentially limits its availability.
Celestia has unveiled its inaugural token airdrop, Genesis Drop, offering the public an early opportunity to acquire its TIA cryptocurrency. Participants who take the incentivized testnet can access 7.4% of the total token supply. Surprisingly, a notable 12.6% is allocated to upcoming incentives, suggesting the possibility of additional airdrops.
As initially described in the Celestia blog announcement, the main airdrop is accessible to approximately 7,500 developers and over 576,000 on-chain addresses across ethereum, Cosmos Hub, and Osmosis rollups. Eligible developers and addresses can register their data at the genesis point of the Celestia blockchain at genesis.celestia.org. Tokens earned through Genesis Drop will be easily accessible from the first Celestia block in the software wallet.
2. Gorilla (GORILLA)
Gorilla (GORILLA), a major cryptocurrency, has seen a significant increase in value today, reaching a price of $0.00371274. The token’s 24-hour trading volume impressively stands at $4.70 million, up 18.73% on the day and a notable 82.63% increase over the past week. With a circulating supply of 770 million GORILLA tokens, the current market capitalization is valued at $2.84 million.
The all-time high for Gorilla (GORILLA) is $0.00378857, recorded on November 27, 2023, about 10 hours ago. The current price is around 0.96% below this peak. In contrast, the all-time low for Gorilla (GORILLA) was documented at $0.00024970 on November 16, 2023, about 12 days ago. This indicates a substantial increase of 1,402.64% from the lowest price to the current value.
Over the past seven days, Gorilla (GORILLA) has outperformed both the global cryptocurrency market, which saw an increase of 3.00%, and similar cryptocurrencies in the ethereum ecosystem, with an increase of 12.70%, by showing an impressive 82.60% increase in its price.
Today, the sentiment surrounding Gorilla (GORILLA) seems overwhelmingly positive within the community. The majority of users, representing over 97%, express bullish sentiments towards the token, reflecting a very positive outlook for its future trajectory.
We are in trend @CoinMarketCap!
I already rub shoulders with the greats
King of the Jungle and King of the crypto #memecoin crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto #Cryptocurrency #topgainer #doge #shiba #floki #moron #GROK nft?src=hash&ref_src=twsrc%5Etfw”>#nft #BAYC pic.twitter.com/fmGKn76DGB
— gorillatokenio (@gorillatokenio) November 28, 2023
Gorilla (GORILLA) continues to show strong market performance, marked by its recent rise in value. He positions himself as a notable player within the cryptocurrency landscape and promises to be the next cryptocurrency to explode.
3. Ontological gas (ONG)
Ontology Gas (ONG) has witnessed an impressive rise in its value, reaching $0.480379 today with a notable 24-hour trading volume of $417.89 million. This increase means a substantial increase of 31.76% in the last day and an impressive increase of 38.45% in the last seven days. However, the current market capitalization of Ontology Gas cannot be determined today due to unreported circulating supply data of ONG tokens.
Ontology Gas (ONG) peaked at $4.39 on September 28, 2018, approximately five years ago. The current price is still noticeably lower, 89.55% below the all-time high price. In contrast, Ontology Gas (ONG)’s all-time low was recorded at $0.04242318 on March 13, 2020, more than three years ago. This represents a substantial increase of 980.66% from the lowest price to the current value.
Over the past seven days, Ontology Gas (ONG) has notably outperformed the global cryptocurrency market, which saw an increase of 2.80%. With a significant 31.30% increase in its price, Ontology Gas (ONG) continues to show strong performance compared to its peers.
Sentiment among the community regarding Ontology Gas (ONG) is mainly positive today. More than 58% of users express bullish sentiments, reflecting a predominant positive outlook for the token’s future trajectory.
Ontology Gas (ONG) continues to show substantial growth, marked by its recent increase in value, positioning itself as an active participant in the cryptocurrency market. The positive community sentiment further strengthens the optimistic outlook for Ontology Gas (ONG) in the near term.
4. bitcoin ETF Token (BTCETF)
The bitcoin ETF token presents an opportunity for cryptocurrency investors to speculate on the possible outcomes of the approval of a spot bitcoin ETF. With widespread anticipation in the cryptocurrency market for the approval of a bitcoin ETF by the US SEC, BTCETF is attracting investments and competing to be the next cryptocurrency to explode.
He #BTCETF #Symbolic represents more than just a typical #DigitalCurrency; is a forward-thinking initiative that is shaping the future of bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF.
Taking advantage ethereum?src=hash&ref_src=twsrc%5Etfw”>#ethereum, #BitcoinETF anticipates and embraces this next evolution, presenting exclusive benefits to its user base. pic.twitter.com/inReCyJ3Ax
– BTCETF_Token (@BTCETF_Token) November 28, 2023
Employing a deflationary tokenomic model, the project plans to burn 25% of its total supply upon achieving important milestones related to ETF approval. For example, 5% of the tokens will be burned when the SEC announces the ETF approval date.
The bitcoin ETF token also reserves 25% of its supply for staking rewards, which currently offer a yield of over 130% APY.
With the imminent launch of the first bitcoin spot ETF in the US, the creators of BTCETF are banking on this staking protocol, along with deflationary tokenomics, to drive demand for the token.
Currently, BTCETF is in its pre-sale phase, trading at $0.0058 before listing on the open market. Notably, the ongoing pre-sale has already raised over $1.8 million.
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