Next Cryptocurrency to Explode Monday 11 December - Meme Kombat, BitTorrent (New), Avalanche

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Once entrenched in a chilling crypto winter, Bitcoin continues to show signs of becoming more investor-friendly, surging from $43,000 to $46,000. This surge is a 159% jump from its position last December. According to the Dow Jones Market Data Group, this hints at the inception of a potentially transformative cycle.

Many important factors have bolstered this remarkable ascent. Forecasts compiled by the CME’s FedWatch Tool suggest a prospective rate cut by the Federal Reserve in March 2024. Such a move is anticipated to be conducive to the crypto market, igniting renewed interest and confidence.

Further encouraging the recent development, BlackRock and Fidelity have applied for Bitcoin exchange-traded funds (ETFs) pending approval with the Securities and Exchange Commission. The speculation swirling around these applications potentially winning support indicates a pivotal shift, as it would mark the debut of the first Bitcoin ETF. Larry Fink, the BlackRock CEO overseeing $9 trillion in assets, hinted at the possibility of such an approval during an appearance on “The Claman Countdown” in October, sparking heightened anticipation within the financial sphere.

Rising to the 24th spot this month, Bitcoin’s resurgence correlates with burgeoning interest from retail investors injecting fresh capital into the market, potentially signaling further advancements.

Next Cryptocurrency To Explode

However, the global crypto market cap is currently at $1.58 trillion, reflecting a 3.95% decrease in the last 24 hours. However, the total crypto market volume over the same period has surged impressively to $64.08 billion, marking a robust 7.35% increase. The decentralized finance sector volume has reached $8.81 billion, constituting 13.75% of the total crypto market’s 24-hour volume. Simultaneously, stablecoins saw substantial activity, accounting for $55.95 billion, a striking 87.30% of the entire crypto market’s 24-hour volume.

Regulatory anticipation, institutional interest, and retail participation continue to sculpt a defining chapter in Bitcoin’s narrative, hinting at a potentially transformative trajectory on the broader cryptocurrency landscape. The king coin actively shapes perspectives about the next cryptocurrency to explode.

1. BitTorrent (New) (BTT)

The last 24 hours have seen the next cryptocurrency to explode, the new BitTorrent (BTT), surging by over 21%. The BTT token has also raised its market cap above $1 billion.

This notable BTT value spike comes on the hills of the platform’s latest airdrop to its token holders. It inevitably draws more investors and long-term token holders to the network. BTT operates as the native token for BitTorrent, a decentralized file-sharing platform entrenched within Justin Sun’s Tron blockchain.

At present, BitTorrent commands a market cap of $1.25 billion. Emerging as the foremost gainer today, BTT has surged by nearly 22%, breaching its 14-month high, according to data sourced from Coinmarketcap within the crypto market domain.

🥳Congratulations on hitting 200 MILLION accounts!

👇Join @trondao 1000 USDD giveaway before Thursday! https://t.co/NsIDCSE0BM

— BitTorrent (@BitTorrent) December 11, 2023

Cryptocurrency analysts have also attributed this surge in BTT’s value to a recent momentous achievement by Tron, which surpassed a monumental milestone of 200 million users. This development was disseminated by Justin Sun via a tweet on the Twitter platform, potentially contributing to the newfound vigor in BTT’s performance.

2. Helium (HNT)

The Helium network and its native token, HNT, have also seen remarkable surges over various time frames, boasting a 151.10% gain over the past 30 days. This upward trajectory persisted with gains of 58.56% in the last seven days. In the previous 24 hours alone, HNT surged to a peak of $5.05, marking a remarkable 14.40% spike.

The recent surge in HNT’s value can be attributed to an announcement by the Helium network early in December. The network unveiled a groundbreaking offering: unlimited data, voice, and text services for a monthly fee of $20, now available to users across the United States through their freshly launched mobile service.

As per recent reports, Helium Mobile, a subsidiary of Nova Labs, introduced this nationwide mobile service without binding contracts, aiming to offer consumers an affordable and unrestrained mobile experience. This strategic move arrives when major carriers have imposed data limits, heightened contract obligations, and elevated prices, rendering Helium’s offering particularly enticing to users seeking more adaptable and cost-efficient alternatives.

https://twitter.com/helium/status/1734041282270704077?s=20

Another factor responsible for HNT’s surge is its ongoing airdrop. Like BTT, Helium is also rewarding its holders and attracting new investors. It is running neck-to-neck as the next cryptocurrency to explode with BTT today.

3. Meme Kombat (MK)

The relatively new crypto project, Meme Kombat, has been met with robust demand, boasting features such as staking, play-to-earn mechanics, and a GambleFi element. In its presale phase, MK has already amassed over $2.8 million in funding within two months.

It's Monday…

New week, new challenges in Kombat⚔️ pic.twitter.com/3ORBMVPoqX

— Meme Kombat (@Meme_Kombat) December 11, 2023

The Meme Kombat initiative aims to unveil a virtual battle arena staging a showdown among various meme coins—a spectacle dubbed the “war of memecoins.” This play-to-earn platform will showcase ten characters, each personifying a popular meme coin like Doge, Shiba, Pepe, Floki, and more. Employing AI-driven dynamic visualization and random sequencing, these characters will engage in thrilling battles, the outcomes of which remain unpredictable.

Participants can wager on their favored meme coin across diverse gaming modes such as player vs. player, player vs. game, and direct betting. MK investors can also stake their tokens and accrue staking rewards, boasting an annual yield (APY) surpassing 300%.

Moreover, analysts have lauded the project’s dedication to transparency, notably highlighting the revelation of all key team members behind the token. This move significantly diminishes the risk of scams and rug pulls, instilling confidence within the community.

Visit Meme Kombat.

4. Avalanche (AVAX)

Avalanche has maintained remarkable momentum this week, leaping from $22 last Sunday to an impressive $33.39 today. The increased activity has garnered substantial trading volume, a pivotal indicator suggesting the likelihood of the ongoing upward trend persisting, sealing AVAX’s place as the next cryptocurrency to explode.

This surge has notably propelled AVAX beyond its initial lower high point, established during the accumulation phase of the bear market back in August 2022. Numerous factors underpin Avalanche’s robust performance, all interconnected with the significant strides witnessed within its ecosystem.

The platform focuses on two of the most promising narratives in the crypto sphere: real-world assets (RWAs) and gaming. The burgeoning narrative surrounding blockchain-based gaming holds immense sway over Avalanche’s price trajectory. Projections anticipate the global gaming market to rise to a valuation of $1.4 trillion by 2030, with Avalanche positioned as the leading blockchain dedicated to this sector.

Avalanche’s subnet architecture allows games to craft tailored, highly scalable, and interoperable blockchains. This allure has enticed numerous top-tier gaming studios to establish a presence on this blockchain.

This year was great, but @GamingOnAvax is about to level up in 2024 🫡 pic.twitter.com/26I88bb0pH

— Avalanche 🔺 (@avax) December 5, 2023

Ultimately, Avalanche’s recent surge can be ascribed to its distinct and focused message: adoption by prominent enterprises and institutions within some of the most promising categories in the crypto realm.

However, with a market cap exceeding $12.8 billion and already boasting over 150% surge this month, Avalanche might need more support in its immediate upward trajectory.