Next Cryptocurrency to Explode Tuesday 24 October - TG.Casino, Pepe, Injective

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The crypto market capitalization surged to $1.27 trillion, marking an impressive 8.62% increase in the last 24 hours. This remarkable growth reflects the ongoing interest and investment in the digital asset space. It also demonstrates the market’s ability to sustain the next cryptocurrency to explode.

In the same 24-hour timeframe, the crypto market’s total trading volume saw a substantial rise, reaching $80.41 billion. Notably, the decentralized finance sector contributes significantly, accounting for $6.06 billion, which amounts to 7.54% of the total 24-hour market volume.

Stablecoins continued to gain prominence, representing a substantial $71.99 billion in 24-hour trading volume. This figure makes up a whopping 89.52% of the total crypto market volume during this period.

Furthermore, Bitcoin’s dominance now stands at 53.12%, registering a notable 1.78% increase over the day. These numbers underscore Bitcoin’s enduring strength and significance in the crypto space.

Battling inflation, Turkey’s central bank is poised to implement another substantial interest rate hike of 500 basis points in response to high inflation, according to a recent Reuters survey of economists.

This strategic shift comes after a period of loose monetary policy. It coincides with the central bank’s change in direction following the May election, where it began a series of rate increases aimed at curbing inflation, which had reached a concerning 61.5% in September.

Next Cryptocurrency to Explode

Since June, the central bank has redirected its focus away from stimulating economic growth and turned its efforts toward combating inflation. This commitment to disinflation has led to a cumulative policy rate increase of 2,150 basis points. Simultaneously, other macroprudential measures, such as credit tightening to curb domestic demand, have been introduced in the broader effort to stabilize the country’s economic situation.

1. Pepe (PEPE)

The meme coin market is currently seeing a massive surge in interest, with Pepe Coin (PEPE) leading the charge, boasting an impressive 18% gain. In a race that outpaces more established memecoins like Dogecoin and Shiba Inu, PEPE appears poised for further growth, attracting the attention of retail investors once more. It is right on the verge of being the next cryptocurrency to explode.

At the moment, PEPE is trading at $0.0000009512, marking a remarkable 40.72% surge in the last seven days. This upswing followed PEPE’s break above its 20-day Exponential Moving Average (EMA) on the daily chart, a sign indicating a possible reversal in its trend.

Trading volumes have also surged by 166.05% within the past 24 hours, reaching $322.39 million, reflecting the growing interest in this trending memecoin.

The renewed fascination with the world’s third-largest memecoin, PEPE, is prompting investors to wonder about its driving forces. Several factors are contributing to the current surge in PEPE’s popularity. The recent dovish stance of the US Fed Chair, Jerome Powell, has reduced concerns about aggressive rate hikes, creating a more favorable environment for cryptocurrencies, particularly highly speculative ones like PEPE.

6.9T $PEPE Tokens worth ~$6,000,000 have been burned. https://t.co/aN5LRUFz8u

A new team of advisors have been brought on to guide Pepe forward. Uses for the remaining 3.79T tokens attributed to the original team CEX multi-sig wallet for strategic partnerships and marketing… pic.twitter.com/JN3ssvH0XL

— Pepe (@pepecoineth) October 24, 2023

As 2023 nears its end, risk-tolerant investors are eyeing PEPE as a potential outperformer in the broader market. Unlike newer meme coins, PEPE benefits from robust community support and high liquidity, providing a level of reliability for meme coin enthusiasts.

Furthermore, the recent price surges in leading cryptocurrencies such as Bitcoin and Ethereum are likely fueling optimism across the sector, which could benefit smaller tokens like PEPE. While PEPE’s short-term technical indicators may be mixed, its recent gains underscore a prevailing bullish sentiment among investors, at least for the time being.

2. Injective (INJ)

The Helix decentralized exchange has generated significant attention within the Injective ecosystem, contributing to a noticeable surge in trading volume over the past 24 hours. Both forces have generated enough power to make the INJ token the next cryptocurrency to explode.

In just one day, the Injective order book recorded an impressive trading volume exceeding $184.25 million. This surge in volume is part of a broader trend of healthy growth observed over the past week. The increasing on-chain volume is closely associated with the imminent deployment of multiple decentralized applications (dApps) on the Injective platform.

The sustained growth in Injective’s volume is a notable development over the past few weeks. Much of this can be attributed to the excitement and anticipation surrounding pre-launch futures, as well as the allure of staking rewards linked to the INJ token.

According to available data, Injective’s on-chain volume has been on an upward trajectory since mid-October, culminating in a new monthly high on October 19.

Ecosystem Spotlight: @HelixApp_ announced its latest product offering, Pre-Launch Futures, listing @CelestiaOrg $TIA as its first market.

Pre-launch futures allow anyone to access new token markets ahead of their release.https://t.co/vsjfNc0Fxb

— Injective 🥷 (@injective) October 23, 2023

This recent surge in volume aligns with Injective’s impressive market capitalization rally. Over a week, its market capitalization rose from a low of $606.3 million on October 11 to $938.75 million within the last 24 hours. Concurrently, Injective’s native coin, INJ, saw a remarkable 41.37% surge in value during the same period.

3. TG.Casino (TGC)

The launch of TG.Casino‘s flagship product holds immense significance. Having a fully functional revenue-generating product serves as compelling proof to potential token buyers that the team possesses the capability to execute and deliver.

The #NBA Regular Season is around the corner and set to start with the Nuggets taking on The Lakers and Golden State against The Suns.

Bet now on TGC 🏀 pic.twitter.com/odTqPmi4Ji

— TG Casino (@TGCasino_) October 24, 2023

With TG.Casino, there’s no need for extended waiting periods to see the fruition of product development. Even more enticing, you don’t have to invest solely based on trust, hoping that the team delivers on its promises. To get started, read our guide on how to buy the TG.Casino token.

The TGC token is seamlessly integrated into the gambling platform. This integration enables staking rewards to be readily reinvested in casino bets or used to acquire more tokens.

The team behind TG.Casino appears to have meticulously prepared for their venture. They offer a 25% cashback bonus on net losses incurred while betting with TGC, a thoughtful incentive to encourage token utilization for wagering. This refund on net losses is distributed on a weekly basis.

As stated on the official TG.Casino website, TGC presale investors are currently enjoying impressive yields, potentially reaching up to 362%. Such high yields for TGC presale investors are made possible because TG.Casino allocates a portion of its platform’s profits to its native token holders, with stakers reaping the most substantial rewards. You can check out our TG.Casino price prediction here.

The platform operates a buyback program, with 40% of the tokens being burned and the remaining 60% distributed among TGC token stakers. Seeing the potential success of this project, investors should secure some of this next cryptocurrency to explode for themselves.

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4. Rocket Pool (RPL)

Rocket Pool (RPL) is selling at $23.66, with a 24-hour trading volume of $15.32 million. This signifies an impressive 18.36% price surge in the past day and a substantial 21.26% increase over the last week. With a circulating supply of 20 million RPL tokens, Rocket Pool commands a market capitalization of $464.95 million.

The peak price ever paid for this cryptocurrency was $61.90, a record established on April 16, 2023, roughly six months ago. In comparison, the current price reflects a 61.99% decrease from this all-time high figure.

On the other hand, its all-time low was $0.008847 on August 28, 2018, nearly five years ago. Remarkably, the current price boasts a remarkable increase of 265,828.35% compared to this all-time low.

The token’s fully diluted valuation is currently $464.95 million. This figure represents the hypothetical market cap when the maximum number of 20 million RPL tokens is in circulation. It’s worth noting that the realization of FDV may take several years, depending on the emission schedule of RPL tokens.

Comparing Rocket Pool’s price performance to its peers, it has demonstrated remarkable strength with a 21.30% price increase in the past seven days. This outperformance extends beyond the global cryptocurrency market, which has witnessed a 16.50% increase, and even surpasses similar cryptocurrencies within the Polygon Ecosystem, which have remained static at 0.00%.

In terms of market sentiment, the community is notably bullish. More than 70% of users express positive sentiment and optimism about Rocket Pool (RPL) today.