Next Cryptocurrency to Explode Friday 27 October - yPredict, Gala, Bitget Token

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The crypto market capitalization has experienced a slight dip, falling by 1.66% over the past 24 hours to reach $1.25 trillion. The crypto market’s trading volume also decreased during the same period by 7.06% to $46.96 billion.

Decentralized finance plays a significant role in the crypto space, with a 24-hour trading volume of $4.5 billion, constituting 9.58% of the total crypto market volume. Stablecoins, on the other hand, recorded a substantial 88.76% of the entire 24-hour crypto market volume, with a total volume of $41.68 billion.

Bitcoin’s market dominance stands at 53.03%, showing a slight decrease of 0.19% over the day.

Asian shares followed the positive trend of Wall Street futures on Friday, with Amazon’s earnings report providing a welcomed boost. Meanwhile, the bond market sustained its rally amid indications of easing US inflation.

Investors closely monitored US data scheduled for later in the session, which might reveal a 0.3% monthly growth in core inflation for September. The data could push the annual inflation rate lower to 3.7% from the 3.9% recorded a month ago.

Next Cryptocurrency to Explode

In European markets, the European Central Bank maintained interest rates at their expected levels, briefly causing the Euro to dip to a two-week low. The US Dollar, on the other hand, continued to trade above the critical 150 Yen threshold, with traders remaining vigilant for any potential intervention signals ahead of the upcoming Bank of Japan policy meeting scheduled for Tuesday.

1. FLOKI (FLOKI)

The Floki blockchain said it is expanding its ecosystem by introducing a tokenization platform and a new token. Floki is set to unveil its new TokenFi innovative platform and its associated token, which will serve as the backbone of this new endeavor today.

TokenFi represents Floki’s strategic move to harness the power of blockchain-based tokenization within the financial sector. The project is built on research that suggests the tokenization industry could grow to a staggering valuation of over $16 trillion by 2030.

With this in mind, TokenFi aims to create substantial value for its community. The news of the upcoming token’s release had a positive impact on FLOKI’s price, causing it to surge by more than 25% on Friday.

Significantly, Floki clarifies that the new TokenFi platform and its token will coexist alongside the FLOKI token. Users will have the opportunity to participate in a new staking program after the project launches today. It will allow them to stake FLOKI and earn TOKEN rewards. Floki also plans to distribute 56% of TokenFi’s TOKEN supply through the staking program over the next four years.

Furthermore, Floki shares critical details about the new token. It says there will be a maximum supply of 10 billion coins evenly distributed on the Ethereum and BNB Chain networks. Additionally, Floki plans to provide initial liquidity for the asset on Uniswap and Pancakeswap, resulting in an initial circulating market capitalization of $50,000 and a fully diluted value of $500,000.

FLOKI LAUNCHES TOKENFI (with "TOKEN" ticker) TO CAPITALIZE ON THE TRILLION-DOLLAR TOKENIZATION INDUSTRY

Floki has launched a crypto and asset tokenization platform named @TokenFi to capitalize on the trillion-dollar tokenization industry.

The tokenization industry is projected… pic.twitter.com/lCPo1fUDGp

— FLOKI (@RealFlokiInu) October 26, 2023

To ensure a smooth launch, Floki will implement a 20% tax on buyers and sellers within the first hour of the new token’s release. Furthermore, no individual will be allowed to purchase more than 1% of the token’s supply (100 million tokens) at launch.

While Floki is scheduled to release a new website for the TokenFi platform today, the project is already in an advanced stage of development, with many core products live on the testnet and slated for launch before the end of the year’s final quarter. The latest move is envisaged to take both FLOKI and the new TOKEN to new heights as they become the next cryptocurrencies to explode.

2. Gala (GALA)

The GALA token displayed incredible strength from Thursday to the early hours of Friday. It evidently gained from the bullish wave that swept through the market.

Gala began to have some troubles on September 4 this year when a legal battle unfolded between its co-founders. Both founders accused each other of engaging in illegal mismanagement of the GALA crypto assets, valued at over $130 million.

The repercussions of this lawsuit have had a detrimental impact on the price of the assets. The cryptocurrency saw a notable decline, falling from $0.01647 to $0.01421, representing a substantial drop of 13.72% in the value of the GALA coin. Additionally, the trading volume of GALA also experienced a considerable decrease, plummeting from $119.74 million to $42.49 million, marking a substantial 64.52% reduction.

Giving you some #Halloween heads up $GALA fam🎃

Got a costume from the Galaverse this year? Make sure you @ us.

Cosplay season is the best. 😁

— Gala Games (@GoGalaGames) October 26, 2023

The persistent downturn in Gala’s ecosystem led to a sense of pessimism among investors regarding the coin’s future. The latest gain, however, signals that the investors may be having renewed confidence and are investing more in GALA.

Whatever the case, GALA may also be the next cryptocurrency to explode as it rises with the general market.

3. yPredict (YPRED)

yPredict goes beyond being a mere cryptocurrency project; it is essentially an AI-powered analytics solutions provider. As demonstrated by its product rollout program, yPredict has entered the AI landscape with an impressive array of offerings.

The WriteMingle Beta Testing Program is currently in full swing after the platform launched the Backlink Estimator. This tool harnesses the power of AI to craft more effective backlink strategies for web content creators.

At the heart of the yPredict ecosystem lies the YPRED token, which forms part of a comprehensive plan to develop cutting-edge tools for diverse industries. When the presale ends, the yPredict Analytics platform will be launched, offering investors further reasons for excitement.

Intriguingly, there are comparable projects to yPredict in the market, but they offer limited utility while commanding market capitalizations ranging from $50 million to $100 million. The Artificial Intelligence crypto sector is valued at $2.3 billion, according to CoinGecko. Notably, there are many coins with significantly higher values than yPredict’s $6.5 million market capitalization that have yet to deliver minimum viable products.

Token holders can anticipate rewards stemming from a staking pool, continuously funded by channeling 10% of subscription revenues into it. The team envisions an annual percentage yield (APY) that could potentially reach as high as 45% every quarter, far exceeding the industry average of 5-10% APY.

There are further advantages to holding YPRED tokens. Access to the various platforms within the yPredict ecosystem will be available at discounted rates. This encompasses services such as data repositories, prediction platforms, analytical tools, the data marketplace, and state-of-the-art trading terminals, all offered at reduced prices.

🌟 Calling all inquisitive minds and trading aficionados! 🚀🔮 Prepare to embark on an illuminating journey into the realm of predictive analytics and trading with the upcoming Ask Me Anything (AMA) event hosted by the visionary team at https://t.co/O3DpDau9AR. 📝📊

Unleash your… pic.twitter.com/hmkhNoRTsQ

— yPredict.ai (@yPredict_ai) October 24, 2023

At the core of this ecosystem are the foundational models developed for yPredict Analytics, created by elite AI developers. These meticulously trained predictive models boast the ability to forecast the prices of prominent cryptocurrencies like Bitcoin, Ethereum, and Shiba Inu with remarkable precision. Access to yPredict Analytics requires a minimum YPRED token holding of $500.

Raj Sharma, the CEO of yPredict, commented on the WriteMingle beta rollout. In his words, he said, “We are thrilled to get WriteMingle into the hands of beta testers. Our goal with WriteMingle is to allow people to focus on big picture content strategy and creation while letting AI handle the time-consuming busywork like proofreading and SEO optimization.”

Visit yPredict.

4. Bitget Token (BGB)

Bitget’s native token, BGB, has seen a significant increase since the network announced that it listed NerdBot. NerdBot is an all-in-one crypto analytic tool that plans to simplify trading and aid research.

BGB has risen by more than 2% in the last 24 hours as it sells at $0.46. Investors and traders are not rushing toward the newly launched NerdBot alone, but their activities could shoot BGB up such that it becomes the next cryptocurrency to explode.

NerdBot was developed by The Data Nerd, a prominent on-chain research and analytics organization. It is revolutionizing the landscape of token analysis and trading. This innovative platform, with its user-friendly interface and extensive range of features, empowers traders of all skill levels to navigate the complex cryptocurrency market with confidence.

Something's coming… #Bitcoin pic.twitter.com/OawxmjFFZk

— Bitget (@bitgetglobal) October 26, 2023

The growing community of NerdBot users now totals 33,544, underscoring the platform’s wide-reaching popularity. Additionally, the platform’s ability to handle 50,000 daily transactions is further testament to its increasing appeal among traders.