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The cryptocurrency market capitalization has reached a major milestone, totaling $1.28 trillion. This represents an increase of 0.34% in the Last 24 hours. Some of the taxpayers are examined so that we can determine the next cryptocurrency to explode.
The market also achieved a trading volume of $40.44 billion, with a daily increase of 1.95%. Decentralized finance also continued its upward trajectory, with a trading volume of $4.14 billion. That represented 10.24% of the crypto market’s total 24-hour trading volume.
Stablecoins accounted for $35.63 billion of the total 24-hour trading volume, representing 88.10% of market activity. bitcoin currently dominates with 52.76%, which is up 0.10% on the day.
Asian Manufacturers faced increasing challenges as factory activity in China slowed in October. They further clouded recovery prospects for the region’s major exporters, already facing the twin pressures of weakening global demand and rising prices.
Purchasing Managers’ Indices (PMIs) from manufacturing giants such as China, Japan and South Korea revealed a contraction in activity. Meanwhile, Vietnam and Malaysia also faced the growing repercussions of China’s economic slowdown.
The next cryptocurrency to explode
According to a private sector survey released on Wednesday, China’s Caixin/S&P global manufacturing PMI for October fell to 49.5 from 50.6 in September, slipping below the crucial 50.0 point threshold separating growth of contraction.
1. Theta Network (THETA)
Theta Network is the top earner in the current market. As the next cryptocurrency to explode, is up 10.36% in the last 24 hours and is currently selling for $0.76. It earned a market capitalization of $758.71 million in the same period with a trading volume of $93.23 million.
Theta Network is an innovative blockchain-powered platform with a mission to transform the online video streaming and content streaming landscape. Its main objective is to raise the quality and efficiency of video transmission by taking advantage of a decentralized network of nodes. On this network, users can contribute their excess bandwidth, easing the burden on traditional content delivery networks.
We have partnered closely with @FEDML_AI to take ai and technological innovation to new heights.https://t.co/WxvmLNFJ2R
– Theta Network (@Theta_Network) October 27, 2023
At the heart of Theta Network are two crucial components: THETA, its native cryptocurrency, and TFUEL, its governance token. These elements incentivize users to actively participate in the ecosystem, rewarding them for sharing their resources and interacting with content. Through its pioneering blockchain technology, Theta Network aims to enrich the streaming experience, reduce operational costs for content providers, and establish a fairer, decentralized streaming environment that benefits both content creators and viewers.
2. XDC Network (XDC)
The XDC Network also made a significant move in the last 24 hours. It saw an impressive 4.75% increase in its price at the time of this report. The network’s XDC token is trading at $0.052 per token due to this rally. This surge is capturing the attention of cryptocurrency enthusiasts and investors eagerly seeking the next cryptocurrency to explode.
This upward movement not only reflects the price increase but also has implications for the market capitalization of XDC Network. The market capitalization has increased to $715.51 million in the last 24 hours. A growing market capitalization may indicate increased investor interest and confidence in the long-term viability of the project. It is an encouraging sign for XDC Network as it strives to carve out a place for itself in the blockchain space.
Excited to share all the photos and video clips from the inauguration. #XDC Conference at #austin Texas!
We all had an incredible experience
Pay attention!
#XDC #enXDCNetwork #SomosXDC #XDCLive2023 pic.twitter.com/MHGIMh2vec– onXDC (@onXDCNetwork) October 23, 2023
For those following XDC Network’s journey closely, the detailed price history and market capitalization data offer valuable insights. These metrics provide a comprehensive view of the project’s resilience and long-term prospects. As XDC Network continues to advance the blockchain industry, it remains on the radar of many in the crypto community, eager to see how it shapes the future of decentralized technologies.
3. ethereum Classic (ETC)
In the last 24 hours, ethereum Classic (ETC) has shown a price increase of 3.54%, reaching $17.44 at the time of this report. This positive trend began last week, when ETC recorded a 3.0% gain, moving from $16.81 to the $17 area. Notably, ethereum Classic’s all-time high remains at $167.09.
In the same period, ethereum Classic’s trading volume increased by 120.59%, while the circulating supply of the coin also increased by 0.82%. The current circulating supply now stands at 143.79 million ETC, which constitutes approximately 67.96% of its peak supply of 210.70 million ETC.
Response to Forbes article on ethereum Classic https://t.co/VjUWuCxYhf$ETC #ETC #EthereumClassic
— ethereum Classic (@eth_classic) October 31, 2023
According to available data, ethereum Classic occupies the 28th position in market capitalization, with a total of $2.50 billion. Investors and enthusiasts continue to monitor the performance of ETC as it maintains its presence in the crypto market, aiming to be the next cryptocurrency to explode.
4. bitcoin Minetrix (BTCMTX)
bitcoin Minetrix (BTCMTX) is making waves as its pre-sale surpasses the $2.9 million mark, reflecting the growing excitement surrounding the Stake-to-Mine ecosystem. Notably, the project’s smart contracts have undergone a thorough audit by Coinsult, bolstering investor confidence with an additional layer of security.
picking out #BitcoinMinetrix To mine without effort!
Through cloud mining, say goodbye to worries about reselling equipment.#BTCMTX handles updates, allowing users to focus on their $btc Travel without the hassle of outdated hardware. pic.twitter.com/eT3BGAq4Wu
—Bitcoinminetrix (@bitcoinminetrix) October 31, 2023
Rapidly climbing toward the $3 million mark, early adopters are praising bitcoin Minetrix as a disruptive force in cloud mining, especially in anticipation of the upcoming bitcoin block halving. Respected analysts like Jacob Bury are expressing optimistic sentiments about the Stake-to-Mine solution, contributing to the credibility of the project.
Additionally, the project’s Telegram community is witnessing continued expansion as more investors join in to delve deeper into the development team’s roadmap plans. The pre-sale shows no signs of slowing down after raising $2.8 million in just one month, underscoring the strong investor interest in BTCMTX.
Currently priced at $0.0113, BTCMTX will see a price increase in just one day. bitcoin Minetrix presents an innovative solution to democratize the mining industry. It offers a genuine alternative to the frequent mining scams that have plagued the sector in recent years as it competes to become the next cryptocurrency to explode.
Visit bitcoin Minetrix.
Read more
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 100% APY
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