Next Cryptocurrency to Explode Monday, 4 December - SpongeBob, Gorilla, Shiba Inu

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In a remarkable turn of events, the global cryptocurrency market has experienced a substantial upswing, witnessing a 4.29% surge in its market cap over the last 24 hours. Reports reveal that the current market cap stands impressively at $1.55 trillion, marking a notable increase and signaling renewed investor interest and activity in the crypto sphere.

The 24-hour trading volume within the crypto space has soared to $56.28 billion, showcasing a surge of 26.70% within this period. The decentralized finance sector accounts for $5.97 billion, representing 10.62% of the total crypto market’s 24-hour trading volume. Notably, stablecoins contribute significantly to this surge, with a staggering $50 billion, constituting a substantial 88.84% of the overall crypto market’s 24-hour trading volume.

Bitcoin continues to assert its dominance at 52.64%, marking a 0.61% increase over the day. This further solidifies Bitcoin’s position as a significant influencer within the broader crypto landscape.

The market cap and trading volume surge underscores the growing resilience and momentum within the global crypto market. Analysts and enthusiasts closely monitor these developments, anticipating further market movements and potential shifts in the coming days.

Asian markets experienced a divergence on Monday as investors awaited a flurry of economic data during a pivotal week, coinciding with gold’s remarkable surge to surpass record highs above $2,100. This surge comes amidst growing speculations in the market regarding the likelihood of early and aggressive rate cuts by major central banks in the upcoming year.

The upcoming U.S. November payroll report, slated for release on Friday, has become a focal point. Analysts underscore the necessity for the report to strike a delicate balance—displaying strength to support the notion of an economic soft landing while avoiding excessive robustness that might endanger the prospects of monetary easing. Median predictions suggest an estimated increase of 180,000 in payrolls, maintaining the unemployment rate at a steady 3.9%.

Next Cryptocurrency to Explode

However, there’s a prevailing sentiment among many analysts that risks lean toward an upside surprise. Goldman Sachs, for instance, forecasts a higher number, anticipating 238,000 in payrolls, which factors in a substantial return of workers from strikes, potentially leading to a lower jobless rate of 3.8%.

1. SpongeBob (SPONGE)

Despite the general market advance, SpongeBob (SPONGE) has displayed a blend of price fluctuations over the past 24 hours, with the current price at $0.00031827, reflecting a minor decrease of 1.05%. However, over the last 7 days, the token has surged impressively by 10.67%, sufficient to make it the next cryptocurrency to explode. Notably, market capitalization data for SpongeBob currently needs to be made available due to undisclosed circulating supply information.

All you need is $SPONGE 🧽🔥🚀#Crypto #Web3 #Altcoins #100x pic.twitter.com/nXDNSHvfps

— $SPONGE (@spongeoneth) December 1, 2023

The all-time high for SpongeBob stands at $0.00092768, a record attained on May 10, 2023, approximately 7 months ago. The current price marks a considerable 65.91% decrease from this peak. Conversely, the all-time low for the token was observed at $0.00008794 on Oct 14, 2023, roughly 2 months back. The token’s price registers a 259.60% increase from this lowest recorded value.

Regarding performance relative to its peers, SpongeBob has shown a notable 10.70% surge in the past 7 days, surpassing the overall growth of the global cryptocurrency market of 10.30%. However, when compared against similar cryptocurrencies within the Ethereum ecosystem, SpongeBob has slightly underperformed, as these counterparts have seen a 12.70% rise during the same period.

The sentiment within the SpongeBob community appears overwhelmingly bullish today, with more than 80% of users expressing positive sentiments toward SpongeBob (SPONGE).

The fluctuating price movements, coupled with the bullish sentiment among the community, showcase a dynamic scenario for SpongeBob in the cryptocurrency market. As the token continues to navigate price swings, investors and enthusiasts remain observant of its performance against peers and the broader market trends.

Visit SpongeBob.

2. Shiba Inu (SHIB)

Shiba Inu (SHIB) is showing a steady rise in its price today as it sells at $0.00000918 presently, marking a 7.73% increase in the last 24 hours and a commendable 10.19% rise in the past 7 days. With a circulating supply of 590 trillion SHIB tokens, the market capitalization for Shiba Inu stands at $5.40 billion.

Reflecting on historical data, the all-time high for Shiba Inu stands at $0.00008616, achieved on Oct 28, 2021, approximately 2 years ago. The current price reflects a significant 89.36% decrease from this pinnacle. In contrast, the all-time low for Shiba Inu recorded a meagre $0.000000000056366 on Nov 28, 2020, around 3 years ago. The current price marks an astounding surge, at an unprecedented 16,258,380.56% increase from this lowest recorded value.

When assessing its performance against peers, Shiba Inu exhibited a 10.10% surge in the past 7 days, outpacing the overall growth of the global cryptocurrency market of 10.10%. However, compared to analogous cryptocurrencies within the Ethereum ecosystem, Shiba Inu lags slightly, as these counterparts have observed a 12.70% rise during the same period.

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📖 Dive into the excitement: https://t.co/9xYQzFbhU3 pic.twitter.com/UEwL5SD0qR

— Shib (@Shibtoken) November 27, 2023

Amidst this price movement, the community sentiment towards Shiba Inu remains notably bullish, with more than 81% of users expressing positive sentiments about the token today.

Shiba Inu’s incremental price surge, impressive market capitalization, and bullish community sentiment signify a compelling narrative within the cryptocurrency space. As the token continues its trajectory, market observers and enthusiasts remain keen on how it navigates amidst the evolving market trends and its performance set to make it the next cryptocurrency to explode.

3. Terra Classic (LUNC)

LUNC, the ecosystem token of the original Terra Chain, now rebranded as Terra Classic, also saw a remarkable surge of more than 73% in the last 24 hours, contributing to its consistent gains throughout the week.

The Terra Classic tokens, specifically USTC (formerly the UST stablecoin), and LUNC, commenced the week on a robust note. USTC saw an astonishing surge of up to 300% earlier in the week, prompted by Binance’s announcement of launching USTC perpetual contracts.

The burgeoning interest in the Terra Classic ecosystem has notably propelled LUNC, which recorded an impressive 131.44% surge over the past seven days. Since November 22, LUNC has exhibited a steady upward trend, maintaining its current momentum.

LUNC has encountered notable days marked by substantial price surges throughout this period. For instance, on December 1, LUNC soared to $0.000146, reflecting its dynamic market behavior.

As of the latest update, LUNC has surged by 73.48% within the last 24 hours, reaching $0.0002692. This sudden upturn in value coincides with Binance’s announcement of burning approximately 4 billion LUNC tokens in its 16th batch of token burns. This development has contributed to the recent surge in LUNC’s value, showcasing the influence of ecosystem-related events on its market performance and attempt to remain the next cryptocurrency to explode.

4. Gorilla (GORILLA)

The Gorilla (GORILLA) is equally seeing a rise, however, a metric one. It registered a staggering price of $0.01406 at the time of this report, showcasing an exceptional surge of 55.76% within the last 24 hours and an astounding 408.19% surge over the past 7 days. With a circulating supply of 770 million GORILLA tokens, Gorilla boasts a formidable market cap of $11.11 million.

Diving into historical data, the all-time high for Gorilla stands tall at $0.02440725, marked just 4 days ago on Nov 30, 2023. The prevailing price reflects a comparatively modest 46.41% decrease from this recent record high. In contrast, the all-time low for Gorilla was recorded at a mere $0.00024970 on Nov 16, 2023, approximately 18 days ago. Remarkably, the current price reflects an extraordinary surge of 5,137.87%, showcasing the substantial growth Gorilla has undergone from its lowest recorded value.

In terms of performance against peers, Gorilla has outshone both the global cryptocurrency market, which has seen a 10.00% rise, and similar Ethereum Ecosystem cryptocurrencies, which have observed a 12.70% increase, with an exceptional surge of 408.20% over the past 7 days.

https://twitter.com/gorillatokenio/status/1731514600498032704?s=20

The sentiment within the Gorilla community remains fervently bullish today, with over 79% of users expressing positive sentiments towards Gorilla (GORILLA). It has become a prominent asset, taking the spot of the next cryptocurrency to explode.

Gorilla’s remarkable price surge, impressive market capitalization, and bullish community sentiment underline its extraordinary performance within the cryptocurrency realm. As Gorilla continues its upward trajectory, market enthusiasts closely monitor its growth trajectory and potential impact on the broader market landscape.