The crypto market is performing well as its capitalization has reached $1.37 trillion, marking a notable 2.96% increase over the past 24 hours. Investors are having their best time while seeking the next cryptocurrency to explode.
The total trading volume across the entire crypto market for the last 24 hours is $51.36 billion, demonstrating a significant 9.87% uptick. DeFi accounts for $5.37 billion in trading volume, corresponding to 10.45% of the total crypto market 24-hour volume. Stablecoins, with a volume of $45.53 billion, represent 88.65% of the entire crypto market’s 24-hour volume. Bitcoin has seen its dominance rise to 52.10%, reflecting a 0.35% increase over the day.
Asian stock markets surged on Thursday while the dollar strengthened, even as global investors continued to offload troubled mainland Chinese property assets.
Next Cryptocurrency To Explode
MSCI’s most extensive index of Asia-Pacific shares, excluding Japan, advanced by 0.1%, adding to its 4.3% monthly gain. The 10-year Treasury notes benchmark yield reached 4.4902%, down from its previous U.S. close of 4.508% on Wednesday.
Meanwhile, the two-year yield, which typically rises with expectations of higher Fed fund rates, touched 4.9277%, slightly below the U.S. close of 4.936%.
1. Meme Kombat (MK)
Meme Kombat has already gained significant popularity, evident from the strong participation in its presale. With its innovative approach in the gaming and Bitcoin industries, this trend is expected to continue.
We’re going places fighters!
— Meme Kombat (@Meme_Kombat) November 9, 2023
The MK token is currently priced at $0.183 during the presale, and Meme Kombat has successfully raised over $1.3 million as it moves to be the next cryptocurrency to explode. Token purchases can be made using USDT and ETH, but there’s only one day left in the current presale stage.
The staking feature offers an impressive 112% Annual Percentage Yield (APY), providing a substantial opportunity for earnings. Tokens acquired during the Meme Kombat presale can be staked immediately, eliminating the need to wait for the fight functionality to launch.
Half of the allocation will be distributed in the Meme Kombat presale, with 30% designated for staking and combat prizes and the remaining 10% divided equally between DEX liquidity and community incentives. This underscores the project’s commitment to benefiting the community.
High demand is anticipated for MK and the Meme Kombat platform, especially when it is listed after the presale. Being able to say, “I invested during the presale,” will likely be a point of pride when that significant moment arrives.
Visit Meme Kombat.
2. Pepe (PEPE)
Pepe, a cryptocurrency rooted in internet meme culture, is steadily gaining momentum. Data from Lookonchain reveals that an anonymous wallet recently invested $1.11 million to acquire nearly 1 billion PEPE tokens.
In response to this significant move, PEPE’s prices surged from $0.00000104 on November 3 to $0.00000116 on November 6. Additionally, the fact that Microsoft AI has recognized PEPE has generated increased optimism. Crypto analysts project that PEPE could reach $0.00000149 by the end of Q4 in 2023.
— Pepe (@pepecoineth) November 9, 2023
This meme-inspired coin demonstrates the potential to transcend its cultural origins and influence the broader digital asset landscape. It has also done well in being the next cryptocurrency to explode.
3. Neo (NEO)
NEO (NEO) stands at $14.09 today, with a robust 24-hour trading volume of $163.93 million. Over the past day, NEO has seen an impressive price surge of 14.91%, with a remarkable 36.37% increase in the last seven days. The total circulating supply of NEO is 71 million, translating to a market capitalization of $993.71 million.
In retrospect, NEO’s all-time high price reached $198.38, marked on January 15, 2018, as a reference point. The current price is approximately 92.89% lower than this historic peak. On the other end of the spectrum, the all-time low for NEO was recorded at $0.078349 on October 21, 2016, almost seven years ago, representing an astonishing 17,900.99% increase from that point.
Delving into the fully diluted valuation (FDV) of NEO, it is estimated at $1.40 billion, portraying the hypothetical maximum market capitalization, assuming that the entire supply of 100 million NEO tokens was in circulation. The realization of this FDV might span over several years, contingent on the specific emission schedule of NEO tokens.
— Neo Smart Economy (@Neo_Blockchain) November 9, 2023
In terms of price performance, NEO has displayed remarkable strength. Over the last seven days, it has recorded a noteworthy price increase of 36.70%, surpassing the growth of the global cryptocurrency market, which is up by 7.10%. NEO also outperforms its peers in the Smart Contract Platform category, which has witnessed a 7.00% increase.
As for market sentiment, the community sentiment towards NEO appears overwhelmingly bullish, with more than 84% of users expressing positive sentiment about NEO today.
4. Sui (SUI)
Sui, a layer-1 blockchain established by former Facebook developers and launching its mainnet in May 2023, is designed to deliver swift transactions, cost-effective fees, and scalable storage solutions ideal for decentralized applications (dApps) and gaming.
In a strategic alliance with SxT, Sui gains convenient access to off-chain data through SxT’s data warehouse. This partnership designates SxT as the primary data repository for the Sui ecosystem. Furthermore, Sui developers can harness SxT’s suite of zero-knowledge proof-based tools to craft secure, data-centric dApps and games.
SxT’s tools empower Sui developers to create smart contracts with enhanced security, verifiability, and data-driven functionalities by simplifying data access and integration. This collaboration opens up new possibilities for in-depth analysis of in-game events and on-chain activities, boosting analytical insights.
The integration of SxT’s capabilities into the Sui network marks a significant milestone, contributing to SUI’s renewed interest and price surge. This development positions Sui to attract empowered developers keen on building innovative and secure decentralized applications.
SUI, the native utility token of the Sui network, serves various functions within the ecosystem, including covering gas fees, transaction execution, security staking, and contributing to governance. The token has a maximum supply of 10 billion, with approximately 528 million circulating.
🎉 In only 6 months since Mainnet launch, Sui now has more than $100,000,000 in Total Value Locked (TVL)!
↑ And in the last 4 months, TVL has grown more than 700%.
💥 Sui is now in the top 3 of non-EVM chains by trading volume. pic.twitter.com/MBQNsyQBXY
— Sui (@SuiNetwork) November 8, 2023
The Sui Foundation retains control of 50% of the token supply for ecosystem development, while early contributors hold 20%. The remaining 30% has been sold or reserved for community initiatives. The combination of a limited circulating supply and Sui’s growth potential contributes to the ongoing price rally of SUI.
This development has led to impressive gains within the Sui network, with a gain of over 11% in the last 24 hours. If the sentiment around SUI is sustained, then it could rise to become the next cryptocurrency to explode.
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