Next Cryptocurrency to Explode Thursday 28 September - TG.Casino, Bitcoin Cash, Terra Classic

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The crypto market capitalization fairs better on Thursday than it did on Wednesday. It is currently up by 0.24% to $1.05 trillion over the last 24 hours. The market has kept its valuation up despite recent market fluctuations. It is a significant sign that the next cryptocurrency to explode is only around the corner.

The market’s trading volume surged by 47.60%, reaching $28.78 billion in 24 hours. The decentralized finance sector contributed significantly to the daily trading volume. It accounts for $2.72 billion, about 9.45% of the market’s 24-hour trading volume.

Stablecoins have a trading volume of $27.1 billion. This figure represents 94.17% of the crypto market’s 24-hour trading volume. This part of the market constantly pushes one of its own to become the next cryptocurrency to explode.

Bitcoin’s market dominance increased by 0.02%. It commands a 48.94% share of the total cryptocurrency market. The dominance level underscores Bitcoin’s enduring influence and market position.

Meanwhile, oil prices rose to their highest levels in a year in the early hours of Thursday. At the same time, global stock markets faced their most prolonged losing streak in two years. The loss is driven by growing concerns about consistently rising interest rates. Investors’ anxieties move them in the direction of the US Dollar and other assets for refuge.

Another aspect of the concerns that gripped the market was the significant decline in crude oil inventories in Cushing, Oklahoma. There are indications that demand is surpassing production levels at this crucial time.

Next Cryptocurrency to Explode

US crude price increased by 3.6% overnight, adding a 1% gain on Thursday to reach $95 per barrel. This is the first time it has reached such levels since August 2022. Meanwhile, Brent futures reached a one-year peak at $97.69.

The anticipation of rising energy expenses and stubborn inflation further pressured longer-term bonds. Benchmark 10-year Treasury yields have increased by more than 50 basis points this month, reaching a 16-year high at 4.642%.

1. Bitcoin Cash (BCH)

Bitcoin Cash (BCH) saw a substantial price increase in the last 24 hours. Its market value rose by more than 9% while its trading volume spiked more than 176%, according to Coinmarketcap. This surge at this time places BCH in the limelight again and guarantees it as the next cryptocurrency to explode.

Currently, its market capitalization stands at $4.57 billion, while the trading volume has reached $462.28 million. The circulating supply is 19,515,881 BCH tokens. This positive trend extends into the month and the past six months, with BCH displaying a 22.60% increase this month. Furthermore, the year-to-date return for BCH reflects a significant 136.09% incline.

Notably, reports from Santiment’s Whale Wallet Balances indicate that as long-term holders of Bitcoin Cash increase their positions, confidence among whale investors appears to be growing. According to the report, crypto whales holding balances ranging from 100,000 to 10 million BCH token all possessed 3.74 million BCH on September 18. However, the data chart reveals that this figure has risen to 3.86 million BCH as of September 26.

This was the state of play at the time of the quoted tweet (Jun 27 2023).

Whether the market is realising it quickly or slowly, the BCH community's work is relentless.https://t.co/F7JC0RXNm9 pic.twitter.com/lrf9wS5B4T

— The Bitcoin Cash Podcast (@TheBCHPodcast) September 27, 2023

This substantial increase suggests that Bitcoin Cash whales have acquired an additional 120,000 BCH, bringing their balances to levels last observed in July 2023. The current value of the 120,000 BCH recently acquired by Bitcoin Cash Whales stands at approximately $25.6 million, considering the current price of $213 per BCH.

Historical patterns indicate that the buying activity of this whale cluster, due to their substantial holdings, has frequently significantly impacted BCH prices. Consequently, if these long-term holders continue to hold their positions, BCH price holders may anticipate further gains in the coming weeks.

2. TG.Casino (TGC)

The TG.Casino platform is a Telegram-based casino that employs TGC as its native token for every gaming transaction. This new platform combines the traditional casino business strategy with cryptocurrency. It, thus, presents an array of exciting possibilities and opportunities.

Massive Multipliers pic.twitter.com/1l5Ni26lhS

— TG Casino (@TGCasino_) September 27, 2023

While trying to generate profit for players and investors, TG.Casino uses established casino methodologies such as the house edge. What sets the platform apart is how it redistributes these earnings to its token holders through staking, effectively transforming them into stakeholders within the casino. This innovative approach facilitates remarkably high Annual Percentage Yields of up to 2,126%, with an impressive 60% of all profits flowing back to token holders. The remaining 40% is systematically burned to fight inflationary pressures.

TG.Casino is currently having its presale, offering its tokens at a highly affordable rate. The pioneering business model has garnered significant attention from traders, players, and investors. It will grow significantly once its presence is felt on various cryptocurrency exchanges. Anticipations are high for TG.Casino’s future trajectory.

As shown on its website, those participating in the presale can look forward to exclusive incentives. Notably, those who invest more than $5,000 in TGC will earn the esteemed title of “high rollers,” entitling them to an exclusive NFT and additional rewards post-launch.

It’s worth noting that over 20% of the tokens have been snapped up in just a few days, suggesting that the TG.Casino presale will become the next cryptocurrency to explode. Consequently, many investors may miss out and have to secure TG Casino tokens on exchanges after the presale, potentially driving its price.

Furthermore, the platform’s enticing staking rewards will generate substantial demand following its exchange launch.

Given these factors, TGC is predicted to reach $0.6 by the end of this year. If this forecast holds, it will represent a remarkable 380% increase from its current price.

Visit TG.Casino.

3. Terra Classic (LUNC)

The Terra Classic (LUNC) ecosystem also made significant waves over the past week. This coin’s impressive performance leads to bullish sentiments among traders as they break through multiple resistance levels in rapid succession. The sentiment has led to a resurgence in buying interest. However, amid the soaring success of Terra Classic, some short-term traders actively seek opportunities to cash in and secure their gains.

Announcing the launch of Terra Classic Foundation (TCF) – a non-profit organisation registered in Estonia with a mission to help rebuild the Terra Classic protocol into the most inclusive and censorship resistant network in the world. 🎉

We are looking for ways to help Terra…

— Terra Classic Foundation (@TCF_Terra) September 27, 2023

Within the Terra Classic community, discussions are underway regarding a soft fork proposal to establish a minimum validator commission and implement various technical enhancements. This proposal comes from an earlier initiative to raise the minimum deposit threshold to 5 million LUNC to discourage spam. The need for the soft fork arose after an inadvertent setting of the validator commission to 0% during a previous upgrade.

Ziegler suggested a soft fork instead of a governance proposal. A blockchain engineer, Vinh, introduced the v2.2.2 soft fork proposal, which contains the 5% commission adjustment and other upgrades. Voting on this proposal is scheduled to conclude on October 3, 2023, and currently stands at a unanimous 1.64% “Yes” vote share. The LUNC community temporarily stopped all Terra Classic USD (USTC) minting activities earlier. These developments have generated renewed buying interest in LUNC prices, resulting in notable price surges.

On-chain data shows an increase in short liquidation for LUNC, exceeding $20,000 today. LUNC’s Open Interest has also surged by $1 million, indicating a growing trading activity. However, with the long-short ratio declining to 0.67, a bearish correction is possible.

4. Chainlink (LINK)

The Chainlink Cross-Chain Interoperability Protocol (CCIP) has gone live on Base. Folks Finance Chainlink CCIP into the Base testnet. The move is to help enhance its cross-chain lending capabilities. This strategic move by Folks Finance is joined by several other prominent cryptocurrency projects, including the NFT collection known as Polychain Monsters.

Chainlink’s official press release on Wednesday highlights the momentum that surrounds the deployment of CCIP on Base. Base is a layer 2 protocol incubated by Coinbase. Base, underpinned by Ethereum, has garnered substantial popularity within the online cryptocurrency community.

In response to these developments, the LINK token witnessed an impressive increase of over 7%.

Johann Eid, Chief Business Officer at Chainlink Labs, emphasized the positive impact of Base’s scalability and technological innovation as a layer 2 solution, coupled with the expanding suite of Chainlink services. He noted that these attributes are highly beneficial for developers aspiring to pioneer the next generation of cross-chain applications and services.

Jesse Pollak, the creator of Base, expressed his enthusiasm regarding the integration of Chainlink CCIP. This integration follows closely on the heels of the introduction of Chainlink price feeds on Base a month ago. These price feeds have equipped Base developers with access to industry-standard Chainlink Data Feeds and various other Web3 services.

#Chainlink CCIP is now live on @BuildOnBase mainnet!

Discover how CCIP is empowering apps built on Base to scale faster and connect to Web3's rapidly expanding multi-chain ecosystem 🧵👇https://t.co/AbiGprCx1J

— Chainlink (@chainlink) September 27, 2023

CCIP leverages the power of Chainlink’s decentralized price oracle networks, renowned for safeguarding tens of billions of dollars and facilitating over $8 trillion in on-chain transaction value. CCIP offers a robust security framework and a risk management network bolstered by Chainlink’s robust Oracle infrastructure.