Next Cryptocurrency to Explode Thursday 19 October - TG.Casino, UNUS SED LEO, Mina

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The crypto market capitalization has experienced a little setback. As of the latest data, the market’s capitalization now stands at $1.08 trillion, marking a 1.26% decrease over the last 24 hours.

In terms of trading activity, the market volume in the past day reached $39.1 billion, showing a substantial 14.41% decrease from the previous day. However, the decentralized finance sector maintained its presence, accounting for $2.24 billion in trading volume, which constitutes 5.72% of the total crypto market 24-hour volume. On the other hand, stablecoins continued to dominate the scene, contributing a staggering $36.76 billion to the entire crypto market’s 24-hour volume, representing 94.02% of the trading activity.

Bitcoin’s dominance has shifted slightly. Currently, it maintains a 51.18% share of the market, reflecting a minor decrease of 0.03% in the last 24 hours. The next cryptocurrency to explode may be having a difficult time, but it will surge nevertheless.

Asian stock markets faced gloomy early on Thursday, marked by rising concerns over Middle East conflicts and an intensified bond sell-off that sent Treasury yields soaring to levels not seen in 16 years. Investors anxiously awaited a forthcoming address from Federal Reserve Chair Jerome Powell.

With risk aversion on the rise, investors sought refuge in safer assets, causing gold prices to hover near their two-month highs and keeping the dollar resilient. The MSCI’s broadest index of Asia-Pacific shares, excluding Japan (.MIAPJ0000PUS), took a significant dip, declining by 1.42%.

Next Cryptocurrency to Explode

The relentless selling of US Treasuries extended into Asian trading hours, with 10-year Treasury yields reaching fresh 16-year highs. This surge in yields was prompted by investors coming to terms with the Federal Reserve’s communication, which hinted at the possibility of interest rates remaining elevated for an extended period. Bond prices fell as yields rose.

1. TG.Casino (TGC)

TG.Casino (TGC) is a groundbreaking decentralized casino seamlessly integrated into Telegram. This innovative platform offers users immediate access to a wide array of entertainment, including hundreds of slots, table games, live dealer experiences, and an extensive sportsbook.

The driving force behind TG.Casino is its native TGC token, which facilitates anonymous cryptocurrency deposits and withdrawals, eliminating the need for time-consuming Know Your Customer (KYC) processes.

The TGC token has a total supply of 100 million, thoughtfully distributed with 40% allocated to the presale, 20% earmarked for exchange liquidity, and another 20% reserved for staking rewards.

Guess the spooky TGC game from the emojis 🧟#TGCasino $TGC pic.twitter.com/s7jPtF0Q6H

— TG Casino (@TGCasino_) October 19, 2023

Staking is a fundamental feature of TG.Casino, enabling users to earn daily payouts through an innovative token buyback mechanism. As outlined in the TG.Casino whitepaper: a portion of the casino’s daily profits will be utilized to repurchase and distribute TGC tokens to stakers, while another portion will be permanently removed from circulation through token burns. This tokenomics model is strategically designed to encourage token holding through recurring rewards, simultaneously reducing the circulating supply and potentially enhancing scarcity and value.

While Telegram and cryptocurrency are growing, TG.Casino is ideally positioned to cater to a vast and expanding audience. This potential has already translated into remarkable presale demand with TG.Casino successfully raising over $1.2 million in just under a month.

Prospective investors have the opportunity to acquire TGC tokens at a discounted rate of $0.125 during the ongoing presale in anticipation of the eventual exchange listing.

With the project’s social media presence on platforms like Twitter rapidly gaining momentum and amassing over 6,000 followers, it is evident that TG.Casino is making significant strides, positioning TGC as the next cryptocurrency to explode.

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2. UNUS SED LEO (LEO)

UNUS SED LEO Token (LEO) sells at $3.79, accompanied by a 24-hour trading volume of $354,868. This marks a notable 2.26% price increase in the last 24 hours, and over the past week, LEO has seen a 2.40% uptick in value. With 930 million LEO tokens in circulation, the market capitalization for LEO Token is currently assessed at a substantial $3.53 billion.

If we look back to LEO Token’s all-time high, it reached an impressive $8.14 on February 8, 2022, over a year ago. In comparison, the present price reflects a 53.30% decrease from this historical peak.

Conversely, the all-time low for LEO Token was $0.7999, documented on December 24, 2019, nearly four years ago. Today, the price has surged by a significant 374.94% from this lowest point.

Considering the fully diluted valuation (FDV) of LEO Token, it amounts to $3.74 billion. This figure provides a statistical representation of the maximum market capitalization based on the assumption that the full allotment of 990 million LEO tokens is currently in circulation. It’s essential to note that the realization of this FDV may span multiple years, depending on the emission schedule of LEO tokens.

In terms of performance compared to peers, LEO Token has seen a 2.50% price increase in the last seven days, which is slightly below the global cryptocurrency market’s overall growth of 3.70%. Furthermore, it lags behind similar Ethereum Ecosystem cryptocurrencies, which have surged by 12.70%.

As for market sentiment, today’s community outlook appears bullish, with more than 50% of users expressing a positive sentiment towards LEO Token. The gradual steps it’s taking to regain its strength ensure it will stay in the green zone for long among the next cryptocurrencies to explode.

3. Mina (MINA)

Today, Mina Protocol (MINA) exchanges hands at $0.3764, with a 24-hour trading volume of $10.74 million. This signifies a notable 1.81% increase in price over the last 24 hours, and in the past week, MINA has seen a commendable 4.79% growth in value. With a circulating supply of 990 million MINA tokens, the market capitalization for the Mina Protocol is currently valued at $371.43 million.

Mina Protocol’s all-time high reached $9.09 on June 1, 2021, a little over two years ago. In comparison, the current price reflects a 95.86% decrease from this historical peak.

Conversely, the all-time low for Mina Protocol was recorded at $0.3513 just last week, on October 11, 2023. Presently, the price has witnessed a notable 7.08% surge from this lowest point.

Taking into account the fully diluted valuation (FDV) of the Mina Protocol, it is valued at $408.55 million. This figure represents a statistical representation of the maximum market capitalization, assuming a total of 1.1 billion MINA tokens are in circulation today.

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Over the next weeks, the community will stress test the network to have a high level of confidence for Mina’s upcoming major upgrade.

Read the blog to learn… pic.twitter.com/7CgA4opYOw

— Mina Protocol (httpz) 🪶 (@MinaProtocol) October 17, 2023

In terms of performance relative to its peers, Mina Protocol has experienced a 4.80% price increase in the last seven days, surpassing the overall growth of the global cryptocurrency market, which stands at 3.60%. Moreover, it outpaces similar FTX Holdings cryptocurrencies, which have grown by 3.30%.

Regarding market sentiment, the community appears bullish, with over 85% of users expressing a positive sentiment towards Mina Protocol (MINA) today. As the numbers increase, MINA will move from the next cryptocurrency to explode to the top of the market chart.

4. Mantle (MNT)

Mantle (MNT) is valued at $0.3245, with a robust 24-hour trading volume of $26.74 million. In the past day, MNT has demonstrated a commendable 3.61% price increase, although it experienced a 6.95% price decline over the last week. With a circulating supply of 3.1 billion MNT tokens, the market cap for Mantle currently stands at $1 billion.

Reflecting on Mantle’s all-time high, it reached $0.6 on July 20, 2023, a mere three months ago. Comparatively, the current price represents a 45.91% decrease from this historical peak.

Conversely, the all-time low for Mantle was recorded at $0.3080 just one day ago, on October 18, 2023. Presently, the price has surged by a notable 5.40% from this recent low.

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📖 Read more: https://t.co/iTGNgqWNcW pic.twitter.com/PBYlq5a4PR

— Mantle (@0xMantle) October 18, 2023

Turning our attention to the fully diluted valuation (FDV) of Mantle, it is estimated at $2.02 billion. This valuation provides a statistical representation of the maximum market capitalization, assuming the entire supply of 6.2 billion MNT tokens is in circulation today. The realization of this FDV may span multiple years, depending on the emission schedule of MNT tokens.

In the realm of market sentiment, the community appears bullish, with over 81% of users expressing a positive outlook on Mantle (MNT) today. Despite its 7-day slide, MNT still leads as the next cryptocurrency to explode.

Next Cryptocurrency To Explode 2023

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