Next Cryptocurrency to Explode Friday 1 December - Bitcoin ETF Token, Star Atlas, Polkadot

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The global cryptocurrency market recovered from its last decline. Its market cap has reached $1.44 trillion, marking a 1.06% increase within the last 24 hours. Despite this overall positive trend, recent data highlights fluctuations in the market’s volume dynamics.

Within the past 24 hours, the total crypto market volume amounted to $44.91 billion, reflecting an 8.36% decrease. Notably, the decentralized finance sector contributed $5.14 billion to this volume, constituting approximately 11.45% of the total crypto market 24-hour volume. Meanwhile, the volume of stablecoins surged to $38.98 billion, representing a substantial 86.80% share of the total crypto market 24-hour volume.

Bitcoin maintained its dominance in the market at 51.81%, albeit experiencing a slight decrease of 0.26% over the day. This minor shift in dominance underscores the evolving dynamics within the crypto landscape. The next cryptocurrency to explode will be exploring them.

Asian shares began the last month of the year on a weak note despite a recent rally. The MSCI’s broadest index of Asia-Pacific shares outside Japan dropped by 0.4%, following a 7.3% surge the previous month. Japan’s Nikkei remained flat after an 8.5% rise in November, marking its best performance in three years.

European markets were expected to open higher due to speculations of prompt and aggressive interest rate cuts by the European Central Bank (ECB) following unexpectedly low inflation figures. EUROSTOXX 50 futures rose by 0.4%, and FTSE futures gained 0.6%.

Next Cryptocurrency to Explode

Oil prices declined by over 2% as OPEC+ output cuts fell short of expectations. Despite this, oil prices remained subdued despite Israel’s military resuming combat against Hamas in the Gaza Strip after a seven-day truce, raising concerns about renewed tensions in the Middle East. Brent crude futures slipped by 0.2% to $80.67 a barrel, while U.S. West Texas Intermediate futures remained nearly unchanged at $75.94/barrel.

Regional surveys indicated weak factory activity in Asia, with Japan experiencing its fastest contraction in factory activity in nine months. South Korea’s factory activity remained stagnant after 16 consecutive months of contraction.

1. Star Atlas (ATLAS)

The crypto market is buzzing with Star Atlas (ATLAS) on the first day of December. The token is showing remarkable performance today. As of the latest data, the price of ATLAS stands at $0.0071, with a 24-hour trading volume of $16.37 million. This surge reflects an outstanding 22.59% price increase in the last 24 hours and an extraordinary 107.51% increase over the past 7 days, capturing the attention of investors and enthusiasts alike.

Star Atlas, with a circulating supply of 14 billion ATLAS tokens, currently holds a market capitalization of $102.37 million. This record puts it as the foremost token to become the next cryptocurrency to explode.

When considering its historical milestones, ATLAS’s all-time high was $0.267549, recorded on Sep 04, 2021, nearly two years ago. The current price is approximately 97.35% lower than this peak value. Conversely, the all-time low for ATLAS was observed at $0.00135334 on Jul 12, 2023, just five months ago. The current price reflects an impressive increase of 424.38% from its historical low point.

In the context of its peers and the broader crypto market, Star Atlas (ATLAS) is displaying exceptional performance. Over the past 7 days, while the global cryptocurrency market witnessed a 1.20% increase, ATLAS surged by a remarkable 107.50%. Additionally, within the Solana Ecosystem cryptocurrencies, ATLAS outpaced its peers, showing a substantial 16.20% increase.

GM.

Don't forget to sharpen those piloting skills in the Dogfighting Arena! 💥 pic.twitter.com/HPoXJfOC8Q

— Star Atlas (@staratlas) November 30, 2023

The market sentiment surrounding Star Atlas is notably bullish, with over 91% of the community expressing positive sentiments towards ATLAS today. This enthusiasm from the community further cements the growing confidence and interest in the project’s potential.

As Star Atlas continues to draw attention with its significant price movements and positive sentiment among investors, the crypto community eagerly awaits further developments and potential future milestones for this dynamic cryptocurrency.

2. Bitcoin ETF Token (BTCEFT)

The recently introduced Bitcoin ETF Token (BTCETF) made its debut on November 6, 2023, banking on the potential approval of Bitcoin ETFs and positioning itself to appreciate if this significant event materializes. The token has garnered strong investor confidence, amassing over $2 million in the presale within just three weeks, offering a staking APY (Annual Percentage Yield) of 120%.

🇨🇭 Switzerland's @PandoAsset enters the US spot #Bitcoin #ETF race among a surge of applicants, including @BlackRock and @Fidelity, hinting at a potential shift in the #Crypto landscape. 💭#BitcoinETF also achieves a groundbreaking milestone, raising more than $2 Million! 🚀 pic.twitter.com/NyGzDQIMkf

— BTCETF_Token (@BTCETF_Token) November 30, 2023

Anticipation looms large around the approval of Bitcoin ETFs by the SEC, a development that could drastically impact the overall crypto trade volume and potentially drive up the values of both Bitcoin (BTC) and alternative cryptocurrencies (altcoins).

Outlined in the Bitcoin ETF Token Whitepaper are five pivotal milestones. The initial milestone hinges on achieving a trading volume for the native token exceeding $100 million. Upon reaching this benchmark, 5% of the total token supply will be burned, and the transaction tax will be reduced from 5% to 4%. With an ambitious plan to burn 25% of the total supply, this ecosystem is poised to become notably deflationary.

The second milestone is tethered to Bitcoin ETF approval, foretelling a considerable enhancement in the standing of Bitcoin ETF Token. A similar 5% supply burn will occur alongside a reduction in the burn tax from 4% to 3%. The third milestone awaits the commencement of live trading for the first Bitcoin ETF. This achievement will trigger another 5% reduction in the overall supply and decrease the burn tax from 3% to 2%. The fourth milestone correlates to the total Assets Under Management (AUM) of Bitcoin ETFs reaching $1 billion, while the fifth revolves around a $100K BTC price, signalling a tax reduction to 0%.

The ERC-20 presale’s foundation heavily relies on the potential approval of Bitcoin ETFs, a prospect expected in late 2023 or early 2024 (not a guaranteed event). In the event of this occurrence, it could potentially experience a tenfold price appreciation. This token stands out from numerous other campaigns due to its direct connection with real-world regulatory developments instead of mere speculative projections.

Visit Bitcoin ETF Token.

3. Polkadot (DOT)

DOT, the native cryptocurrency within the Polkadot ecosystem, is showing robust momentum, surging more than 6.25% in the past 24 hours and currently trading around $5.50. Having rebounded from its recent low of $3.50, DOT has witnessed an impressive surge of over 55%, with indications pointing towards buyers striving to breach the $6.00 level.

Technical analysis suggests that DOT has maintained its upward trajectory, residing comfortably in neutral territory, and anticipates aiming for the $7.00 benchmark in forthcoming sessions. Supported by trading above crucial moving averages, DOT exhibits notable strength in its price action, signalling a bullish sentiment that might pave the way for DOT to ascend into uncharted territory above $7.00, potentially leading to substantial gains in the near term.

As of the latest update, DOT is trading at $5.50, with its 24-hour trading volumes surging by 51% to $288 million. This surge in trading volumes aligns with investor interest, affirming a prevailing bullish sentiment. DOT’s current position near the previous resistance level of $5.73 emphasizes the ongoing investor activity.

The Relative Strength Index (RSI) has lingered in the overbought zone, displaying a positive divergence that hints at the potential for a move towards the blue sky territory around $7.00 shortly.

🔹 An update on the current Polkadot parachain auction
🔹 Polkadot referenda & treasury updates, the latest Kusama news, and more…

Check out today's #PolkadotDigest 👇 https://t.co/qaAjBNLGxJ

— Polkadot (@Polkadot) November 30, 2023

On the flip side, the Moving Average Convergence Divergence (MACD) indicator suggests a bearish crossover, accompanied by red bars on the histogram, implying a possibly volatile outlook in forthcoming sessions.

4. Quant (QNT)

Quant (QNT) has registered positive movement in the crypto market, standing at $101.01 today with a 24-hour trading volume of $17.97 million. Over the past 24 hours, QNT has observed a 2.82% price upturn and a 2.81% increase in the last 7 days. This performance, alongside its circulating supply of 15 million QNT, positions Quant at a market capitalization of $1.50 million.

The historical high for Quant stands at $427.42, recorded on Sep 11, 2021, approximately 2 years ago. Comparatively, the current price marks a 76.36% decrease from its all-time peak. Conversely, the all-time low for QNT was noted at $0.215773 on Aug 23, 2018, over 5 years ago. The current price reflects an extraordinary surge of 46,719.63% from its lowest point.

QNT’s recent price increase of 2.80% in the last 7 days surpasses the global cryptocurrency market’s 1.10% rise but falls short when compared to similar cryptocurrencies within the Ethereum Ecosystem, which have seen a 12.70% surge.

Watch our recent short film produced with @AllianceFintech, in which @gverdian and @techmjh share their thoughts on the future of money: #CBDCs and #ProgrammablePayments with #TokenisedDeposits.https://t.co/vJ12RYzN3X

— Quant (@quant_network) November 27, 2023

Currently, market sentiment around Quant remains bullish, with more than 81% of users expressing positive sentiments towards QNT. This upbeat outlook from the community reflects growing confidence and positive sentiment surrounding Quant’s future trajectory.

As Quant continues its upward trajectory, outperforming the broader market in recent days, investors and enthusiasts keep a close watch on its price movements and market dynamics, anticipating potential future developments that could further influence its performance to become the next cryptocurrency to explode.