Next Cryptocurrency to Explode Tuesday 10 October - Meme Kombat, Tezos, XDC Network

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The global crypto market capitalization sank further as geopolitical factors shook the global economy. The market capitalization went down by 1.86% to $1.07 trillion in the last 24 hours. Despite this dip, the cryptocurrency market remains highly active, with the prospects of the next cryptocurrency to explode being very imminent.

The total crypto market saw a trading volume surge of 64.27%, reaching $29 billion. Decentralized finance contributed $2.58 billion to this volume, representing 8.90% of the total crypto market 24-hour volume. Meanwhile, stablecoins secured a total volume of $26.5 billion, making up a substantial 91.37% of the entire crypto market’s 24-hour trading volume.

Bitcoin’s dominance increased to 50.28%, up by 0.34% over the day. Despite the general capitalization slide, activities were more impressive than those of the previous day.

Wall Street and the Asian markets were driven by positive momentum and optimistic sentiment on Tuesday. Bond prices also rose, thanks to dovish comments from Federal Reserve officials. Meanwhile, oil prices retreated slightly following a surge on Monday as investors remained attentive to the ongoing conflict in the Middle East.

MSCI’s index tracking Asia Pacific stocks, excluding Japan, rose by 1.2% as of 0135 GMT.

Japan’s Nikkei average rose by 2.4%, and Australia’s S&P/ASX 200 extended its winning streak, rising by 1.2% for the fourth consecutive session.

Next Cryptocurrency to Explode

Key Federal Reserve figures suggested on Monday that the increasing yields on Treasury bonds might deter the Fed from implementing further interest rate hikes, leading to a rally in bond prices.

Despite the overall positive sentiment, market players were closely monitoring the military clashes between Israel and the Palestinian Islamist group Hamas, especially after Hamas launched a surprise attack on Saturday that resulted in the deaths of hundreds of Israelis.

1. Tezos (XTZ)

Tezos (XTZ) saw a significant price increase on Tuesday morning, reaching its highest level since August 29th. The cryptocurrency saw a remarkable increase of over 12% from its lowest point earlier in the week, positioning it among the top-performing digital assets in the market. After quite a long time, XTZ is really becoming the next cryptocurrency to explode while wading through the market’s chaos.

Tezos is a blockchain project known for facilitating peer-to-peer transactions and the execution of smart contracts. It has made a notable impact in the non-fungible token (NFT) sector, powering platforms for well-known entities such as Manchester United and McLaren.

The exact reason behind Tezos’ Tuesday morning price surge remains uncertain. However, one plausible explanation could be the outstanding performances of the teams it supports.

Tezos has established significant partnerships with Manchester United, McLaren, and Red Bull Racing. They all had outstanding victories over the weekend.

Despite these high-profile alliances, Tezos has encountered various challenges. Notably, its market share in the NFT space remains relatively tiny, handling just $23,000 worth of NFTs in the past 24 hours. Additionally, Tezos needs a substantial presence in the decentralized finance sector, with a total value locked (TVL) of just $68.7 million, making it smaller than newer protocols like Base, Arbitrum, and Mixin.

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Examining the 4-hour chart, it is evident that XTZ’s price experienced a notable resurgence on Tuesday morning, surpassing the crucial resistance level at $0.71, which was the highest point reached on October 2nd. Furthermore, Tezos’ price moved above both the 25-period and 50-period moving averages, with an accompanying uptick in trading volume.

However, the recent gains may be limited as there does not appear to be a significant catalyst driving the surge. Consequently, the price will likely rise to test the key resistance at $0.75 before undergoing a corrective pullback.

A potential technical factor to consider is the formation of an inverted head and shoulders pattern, which suggests the possibility of further upside in the near term.

2. XDC Network (XDC)

XDC Network, established in January 2017, has experienced significant price fluctuations throughout its history. Initially, the XDC price started at a mere $0.0035. In April 2018, it reached its highest point, hitting $0.0280 per XDC token. However, this upward trend was short-lived, as it subsequently dropped to $0.0240.

By November 2018, XDC’s price had surged to $0.011, but it soon corrected down to its support level of around $0.00067 in December 2018. This marked the beginning of a bearish trend that persisted into early 2020.

From March 2020 onward, XDC crypto staged a significant recovery, reaching an all-time high of $0.1939 in August 2021. Following this peak, it experienced a moderate correction, with the price falling to approximately $0.024 in mid-2022. Since then, the XDC Network token has traded within a range of $0.020 to $0.046.

In the early part of 2023, XDC’s price has maintained a relatively stable momentum. Nevertheless, it possesses the potential for a resurgence and a retest of its previous all-time high in the coming years. Experts in the cryptocurrency space have various perspectives on XDC price predictions.

Currently, XDC is trading at approximately $0.049, boasting a market capitalization of $682.96 million and a 24-hour trading volume of $6.72 million. The circulating supply of XDC stands at 13.84 billion tokens.

Technical analysis suggests that the XDC price in 2023 may range from a minimum of $0.061 to a maximum of $0.067, with an average price of around $0.76.

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— XDC Network News (@XDCNetwork_News) October 9, 2023

Looking ahead to 2024, XDC Network’s projected price range is estimated to fluctuate between $0.069 and $0.074, with an average price of approximately $0.72, based on our XDC price prediction.

For 2025, the same technical analysis suggests that XDC crypto’s price may vary between a minimum of $0.082 and a maximum of $0.099, with an average price of roughly $0.88. These predictions provide insights into the potential future performance of XDC in the cryptocurrency market. They also show reasons why it is constantly trending and the next cryptocurrency to explode.

3. Meme Kombat (MK)

The Meme Kombat (MK) project combines the viral world of memes with decentralized finance and gaming.

Positioning itself as the next cryptocurrency to explode, Meme Kombat distinguishes itself with a compelling range of features, including enticing staking rewards, a robust tokenomics structure, and the integration of a Play-to-Earn (P2E) gambling system.

The P2E mechanism allows participants to place bets on epic battles featuring beloved meme characters such as Pepe the Frog and DOGE. Meme Kombat offers a variety of game modes, catering to both player-versus-player (PvP) and player-versus-environment (PvE) enthusiasts, ensuring a diverse and engaging gaming experience.

Through these thrilling battles, players have the opportunity to earn valuable rewards, distributed in MK tokens, the native cryptocurrency of Meme Kombat.

Additionally, MK token holders can maximize their returns by staking their tokens, with the potential for impressive annual yields of up to 112%.

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— Meme Kombat (@Meme_Kombat) October 10, 2023

Meme Kombat’s well-designed tokenomics lays a strong foundation for growth, with 30% of the total supply allocated for staking and battle rewards. The project’s commitment to community involvement is evident, as it reserves a substantial 50% of the token supply for presale investors, ensuring a significant community influence right from the project’s inception.

Meme Kombat’s presale is currently in progress and has already secured over $400,000 in presale funds. During the presale period, MK tokens are attractively priced at just $1.667, and upon purchase, they are automatically staked to commence the rewarding journey.

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4. PAX Gold (PAXG)

As of now, the price of PAX Gold (PAXG) stands at $1,868.04, accompanied by a 24-hour trading volume of $10.65 million. This reflects a 0.09% price rise in the past 24 hours and a 1.89% increase over the last seven days. With a circulating supply of 250 thousand PAXG tokens, the total market capitalization of PAX Gold is currently valued at $464.83 million.

The daily trading volume of PAX Gold at $10.65 million reflects a 23.00% decrease compared to the volume one day ago. This indicates a recent decline in market activity.

The all-time high price for the asset was recorded at $2,241.37 on May 17, 2021, which is more than two years ago. In comparison, the current price is approximately 16.73% lower than the all-time high.

On the other hand, its all-time low was documented at $1,399.64 on November 18, 2019, nearly four years ago. Presently, the price is approximately 33.35% higher than this all-time low.

In terms of market sentiment, the community is bullish, with more than 66% of users expressing a positive outlook for PAX Gold (PAXG) today. They will do all within their power to maintain PAXG as the next cryptocurrency to explode.