Next Cryptocurrency to Explode Monday, 27 November - Meme Kombat, Axie Infinity, Maker

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The global cryptocurrency market has experienced another fluctuation in its key metrics, marking decreases and increases across various parameters. As of the latest data, the total market capitalization of cryptocurrencies stands at $1.42 trillion, reflecting a slight decline of 1.22% in the last 24 hours.

However, within the last 24 hours, the overall trading volume in the crypto sphere has surged significantly, reaching $43.62 billion, marking a substantial increase of 48.03%. Notably, the decentralized finance sector contributed $4.74 billion to this volume, representing approximately 10.86% of the total crypto market’s 24-hour trading volume.

An intriguing aspect of this surge lies in the dominance of stablecoins within the trading activity. Stablecoins, with a total volume of $39.64 billion, now constitute a significant majority of the market’s 24-hour trading volume, accounting for approximately 90.87%.

Regarding market dynamics, Bitcoin’s dominance currently stands at 51.44%, indicating a marginal increase of 0.07% throughout the day. The next cryptocurrency to explode is expected to rise gradually through the week.

Asian stocks experienced a decline on Monday in anticipation of critical inflation data set to emerge from the United States and Europe later in the week. Additionally, oil producers are scheduled for a meeting that could halt or extend the recent downward trend in oil prices. One notable mover in the market was gold, surging to $2,009 an ounce and briefly touching a six-month peak at $2,017.82.

Investors displayed cautious sentiment after the month’s end, given their substantial gains. Japan’s Nikkei (.N225) witnessed a slight dip of 0.3%, although it has surged by 8.6% thus far in November.

Next Cryptocurrency to Explode

The broader index of Asia-Pacific shares outside Japan, MSCI (.MIAPJ0000PUS), also experienced a 0.3% decline despite posting a monthly gain of 6.4%. Chinese blue chips (.CSI300) suffered a 1.1% loss, conspicuously detached from the global market enthusiasm, declining by 2% in November.

While China’s central banks announced plans to encourage financial institutions to support private companies, the specifics of this initiative remained sparse.

1. Axie Infinity (AXS)

The Axie Infinity (AXS) token sustained its upward trajectory on Monday, marking a notable recovery within its ecosystem, surging to a peak of $8.27 to become the next cryptocurrency to explode. This price point represents the token’s highest value since April of the ongoing year. Remarkably, at its zenith, AXS surged by an impressive 112% from its lowest point earlier this year.

Over the past seven days, the count of Unique Active Wallets (UAW) has surged by over 24%, reaching a figure surpassing 42.1k. During this period, network transactions have soared by more than 42%, totaling over 370.9k, while the overall volume surged by 65% to $15.94k.

Across the last 30 days, UAW surged by 31%, crossing 75k, while total transactions increased by 13% to 1.4 million, and the total volume spiked by 110% to exceed $50 million.

These metrics strongly indicate a revitalization of the ecosystem, concurrent with the rebound in cryptocurrency prices. Additionally, alongside the AXS token, the Smooth Love Potion (SLP) surged to $0.0025, marking a staggering 187% increase from its lowest point this year. The increasing user activity within Axie Infinity can be attributed to the augmented value of rewards during this crypto market surge.

The ongoing crypto bull run also buoys Axie Infinity’s token value surge. Bitcoin surged to $38,445 over the weekend, hitting its highest level since April 2022, having more than doubled from its low point last year.

Notably, AXS token holders face a significant challenge due to an ongoing unlocking event that has flooded the market with tokens. Over 15 million tokens, valued at over $109 million, were unlocked in October.

In just 4 days, Axie Classic weekly active users has hit 100 K ⚔️

• New game mode: Cursed Coliseum
• In-game tournament with a Mystic Axie prize
• More coming soon 🤫

Download it here: https://t.co/98lUueJmcS pic.twitter.com/YWtBrTUSYN

— Axie Infinity (@AxieInfinity) November 27, 2023

Analyzing the daily chart, the AXS token bottomed out at $3.96 earlier this year and has since been on a recovery trajectory. The token has breached several milestones along its ascent, flipping the pivotal resistance point at $5.68 (November 2022 low) into a support level.

On Monday, the Axie Infinity price surged past the resistance level of $6.90, marking the highest since July 14th. Furthermore, the coin has surpassed both the 50-day and 25-day moving averages, signaling a bullish trend. The Relative Strength Index (RSI) is approaching the overbought territory. Consequently, the outlook for the AXS token appears bullish, with an initial target set at $8.23.

2. Meme Kombat (MK)

The ongoing Meme Kombat presale provides an enticing opportunity for traders and gamers to acquire MK tokens at a considerable discount compared to the future launch price. The many advantages it offers keep investors glued and make MK the next cryptocurrency to explode.

Which one of the big cryptos would be able to beat all the #memecoins in Kombat? pic.twitter.com/yAXHhVyYH0

— Meme Kombat (@Meme_Kombat) November 27, 2023

Presently, MK tokens are up for grabs for $0.214 during the presale, marking a discount of 23% from the Stage 10 price of $0.279. This exclusive price is only accessible during the ongoing presale stage, urging traders to act swiftly to capitalize on this offer.

A key attraction of the Meme Kombat presale, prompting traders’ frenzied activity, is the ability to stake the purchased MK tokens. The project boasts a whopping 452% APY for staked MK tokens.

This substantial reward allows traders to augment their MK token holdings before the official launch. Traders have already staked $8.72 million worth of MK tokens, reaping $1.19 million in MK rewards.

The staking feature will persist post-launch, providing an alternative path for traders who opt out of engaging in battles to expand their MK holdings. With 30% of the total MK token supply allocated for staking and battle rewards, the project aims to sustain ongoing rewards for an extended period. Some analysts are even forecasting potential returns as high as 100x.

The presale imposes a hard cap of $10 million, indicating that Meme Kombat has already surpassed 20% of its target. Traders seeking to secure the lowest MK price should be on time, as the subsequent price increase is three days away, urging prompt action to seize this opportunity.

Visit Meme Kombat.

3. The Graph (GRT)

GRT, the native cryptocurrency of The Graph, a decentralized indexing protocol, surged on Monday amid the ongoing AI-driven crypto market rally. Demonstrating gains since Friday, The Graph’s price, represented by GRT, surged by 8.27% in the last 24 hours, reaching $0.152 and hitting intraday highs of $0.154. GRT has witnessed a 20% surge in value over the past seven days.

Notably, following their recent listing on the OKX crypto exchange, crypto AI tokens Fetch AI (FET) and SingularityNET (AGIX) experienced notable price increases. In response to this development, Fetch.ai saw its price surge by as much as 12% earlier today.

The heightened value of AI-related tokens is widely associated with the anticipation surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF).

The recent decision by OpenAI to dismiss and subsequently rehire Sam Altman has captivated the attention of investors and traders, contributing to the recent surge in AI tokens.

Sam Altman played a pivotal role in OpenAI’s journey to achieving an $80 billion valuation, and the unexpected turn of events has not only surprised the AI sector but also resonated within the cryptocurrency community.

Mark your calendar! The Graph's core dev teams are hosting a special AMA from Nov 28-30 on Reddit.

Here’s your chance to ask questions about The New Era of The Graph, the future of the protocol, & what the teams are prioritizing!

📅 Nov 28-30https://t.co/oNWAtyZwLG

— The Graph (@graphprotocol) November 26, 2023

Data from Kaiko indicates that AI-linked tokens have surpassed $2 billion in weekly trade volume for the first time since March. The surge in trading activity stems from multiple AI tokens engaging in developments and upgrades that attract investor interest.

In a significant development, The Graph unveiled a new roadmap at the start of November, marking one of its most substantial updates since securing a $50 million investment round in 2022. The roadmap outlines The Graph’s plans to incorporate AI-assisted querying with extensive language models, signaling a significant leap in the project’s capabilities.

4. Maker (MKR)

Maker (MKR) is currently valued at $1,480.33, showcasing a 0.55% price increase in the last 24 hours and a notable 8.03% surge in the past seven days. With a circulating supply of 920 thousand MKR tokens, Maker holds a market capitalization of $1.36 billion.

The highest price ever paid for Maker (MKR) stands at $6,292.31, recorded on May 03, 2021, more than two years ago. The price remains approximately 76.28% lower than this peak value. The lowest price observed for Maker (MKR) was $168.36, noted on Mar 16, 2020, spanning over three years. The current price is significantly higher by 786.34% compared to this historical low.

Maker (MKR) has showcased a strong price performance in the past seven days, surging by 8.10%. This surge outpaces the overall global cryptocurrency market, which has seen a 0.60% increase. Additionally, compared to similar cryptocurrencies within the Polygon Ecosystem, Maker has outperformed, as others in this category show a static performance at 0.00%.

What's genuinely important when creating a stablecoin?

Hint: It's not decentralization on its own. pic.twitter.com/n0u9Rg5vdx

— Maker (@MakerDAO) November 24, 2023

Today, the sentiment surrounding Maker (MKR) is notably bullish, with over 72% of users expressing a positive outlook for the cryptocurrency. This sentiment aligns with the consistent price growth witnessed over the recent period, making MKR the next cryptocurrency to explode.

Next Cryptocurrency To Explode 2023

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