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The cryptocurrency market capitalization is 1.33 trillion dollars, showing an increase of 0.62% compared to the last 24 hours. During the same period, the total trading volume in the crypto space increased to $46.76 billion, representing an impressive 16.67% increase. It bodes well for the entire market and the next cryptocurrency to explode see such a constant increase.
Decentralized finance plays an important role, with a total trading volume of $4.88 billion, making up 10.43% of the total 24-hour volume of the crypto market. Stablecoins remain strong, accounting for $42.16 billion in trading volume, representing a substantial 90.17% of the crypto market’s total 24-hour volume.
bitcoin dominance currently stands at 51.76%, reflecting an increase of 0.28% on the day.
Note that investors are now cautiously re-entering Israel’s financial markets after the start of its war with Hamas. They recognize the descent into one of the most serious security crises in decades.
The next cryptocurrency to explode
The recent decline in the value of the dollar has been beneficial. On Tuesday, the Israeli shekel showed an impressive recovery, regaining the 5% it had lost following the tragic events of last month.
In addition, the country’s stock and bond prices have been regaining their balance. However, key risk-related market indicators such as credit default swaps (CDS) continue to raise concerns.
1. Trusted Wallet Token (TWT)
While Trust Wallet had a notable performance in 2022, its performance in the first half of 2023 presented a different story. However, the token saw a resurgence after a single listing on Binance following a rebranding effort.
It is essential to note that price forecasts, especially for volatile assets like cryptocurrencies, can often turn out to be inaccurate. Additionally, it is worth noting that many long-term cryptocurrency price predictions are algorithmically generated, meaning they can change over time.
Yesterday there was a short-term prediction from CoinCodex that anticipated the Trust Wallet price to reach $1.58 by November 11, with further growth to $1.67 by December 6. CoinCodex technical analysis appeared bullish, with 27 indicators signaling positive trends and only four indicating bearish trends.
Interested in building your $btc bags? Here’s a super easy to follow visual guide on exactly how you can do it, with #TrustWallet.
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Keep readinghttps://t.co/RIf9ASfeYI pic.twitter.com/1aNFz1oJRO
— Trusted Wallet (@TrustWallet) November 7, 2023
However, things are accelerating as the token is up over 10% in the last 24 hours. The TWT token was sold at $1.71 at the time of this report, surpassing the previous prediction. Such an impressive move means that TWT is indeed the next cryptocurrency to explode. If the bulls maintain their pressure, the token will explode further.
2. Toncoin (TON)
Toncoin (TON) is currently priced at $2.63 and has a 24-hour trading volume of $72.16 million. This means a price increase of 7.76% in the last 24 hours and a notable price increase of 20.36% in the last seven days. With a circulating supply of 4 billion TON tokens, Toncoin has a market capitalization of $10.46 billion.
For historical context, Toncoin (TON)’s all-time high was reached at $5.29 on November 12, 2021, almost two years ago. In comparison, the current price represents a 50.53% decline from the all-time high.
In contrast, the all-time low for Toncoin (TON) was recorded at $0.519364 on September 21, 2021, approximately two years ago. The current price reflects a substantial 403.91% increase from the all-time low.
Over the past seven days, Toncoin (TON) has seen a notable 20.40% price rise, outperforming the broader global cryptocurrency market which has seen a 2.60% rise. Furthermore, it also outperforms similar Layer 1 (L1) cryptocurrencies, where the increase is 3.50%.
$TONNES Coin has risen more than 7.6% in just 24 hours, reaching $2.44, following the latest Telegram update that introduces the possibility of holding giveaways.
– TON Coin (@toncoin) November 6, 2023
In terms of market sentiment, the community demonstrates a bullish outlook, with over 70% of users expressing positive feelings about TON as the next cryptocurrency to explode.
3. bitcoin Minetrix (BTCMTX)
The world of bitcoin mining is in a constant state of evolution as miners strive to manage costs and improve profitability. However, the challenges of rising electricity expenses, noise pollution, and significant mining hardware maintenance costs have left most miners operating at a loss.
Highlighting the security measures of #BitcoinMinetrix compared to conventional cloud mining:
#BTCMTX: Decentralized and user-controlled tradable assets.
Traditional cloud mining: requires cash deposits.#CryptoComparison #CloudMining pic.twitter.com/E6RqPQOV1P
—Bitcoinminetrix (@bitcoinminetrix) November 7, 2023
In response to these challenges, bitcoin Minetrix has introduced an innovative cloud mining solution to address these problems. It provides secure and decentralized cloud mining solutions based on the Stake-to-Mine concept.
BTCMTX, the native token of bitcoin Minetrix, is currently in its pre-sale phase, and has already raised over $3.62 million towards its pre-sale goal of $4.4 million. Each BTCMTX token is priced at $0.0115, with only four days left before the subsequent price increase.
Users can easily acquire these tokens using eth, USDT or bank cards after connecting a secure wallet to the platform. Participating in the pre-sale of BTCMTX has the potential to reap early rewards for investors, given the possibility of a price increase upon listing on cryptocurrency exchanges.
Looking at tokenomics, the BTCMTX token supply is capped at 4 billion tokens. Of this supply, 42.5% is allocated to liquidity for bitcoin mining operations on the platform, while 35% is dedicated to marketing efforts and growth of BTCMTX. Furthermore, 10% is reserved for community rewards and 12.5% will serve as rewards for BTCMTX stakers until the cloud mining platform is launched.
In a recent post on Twitter by the developers of bitcoin Minetrix, cloud mining is emphasized as the solution for efficient bitcoin mining operations. They highlighted the advantages of a simple starting point for beginners and the elimination of hardware-related costs, noise, space limitations and overheating problems.
Visit bitcoin Minetrix.
4. Polygon (MATIC)
In an interesting development within the Polygon (MATIC) ecosystem, it has introduced the implementation of POL on the ethereum mainnet. POL will serve as Polygon’s new token, replacing the existing MATIC token. This transition is a crucial component of the project’s ongoing “2.0” transformation, initially announced in July. As of this update, the token contract has been successfully deployed on the ethereum network.
The introduction of the POL token was initially revealed by Polygon (MATIC) in July, and is set to take on the role of the ecosystem’s main token, supplanting MATIC. This move aligns with Polygon’s updated roadmap, signaling the imminent arrival of a new iteration of Polygon and its associated token. Additionally, this new token is expected to play a pivotal role in Polygon’s overall upgrade, with its contract now officially integrated into the ethereum blockchain.
For test generation, MidenVM uses the RPO hash function. Although traditional hash functions like BLAKE3 are very fast, they are not optimal for use within zero-knowledge proof systems. For efficient recursive test generation, you need a ZK-compatible hash function.
But why use…? pic.twitter.com/gEG3k1oSap
– Polygon (@0xPolygon) November 3, 2023
Despite its planned replacement, MATIC has risen fairly steadily since the announcement. It has gained more than 4% in the last 24 hours to sell at $0.76 at the time of this report. This can be a step forward to establish POL as the next cryptocurrency to explode.
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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