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Next Cryptocurrency to Explode Tuesday, 28 November – Bitcoin ETF Token, Celestia, Gorilla

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Ontology Gas ONG
Ontology Gas ONG

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The global cryptocurrency market experienced a marginal decline in its overall market cap, settling at $1.4 trillion, marking a decrease of 0.86% within the last 24 hours. However, the next cryptocurrency to explode is one of many obstructed. There are many hidden gems in crypto that traders engage under the hood to find the next cryptocurrency to explode.

Despite this slight decrease in market capitalization, trading activity surged significantly. Over the same period, the total crypto market volume soared to $50.26 billion, representing a substantial increase of 10.48%. The decentralized finance sector contributed $4.97 billion to this burgeoning market activity, accounting for 9.89% of the total 24-hour crypto market volume.

Remarkably, stablecoins emerged as a dominant force in the crypto sphere, registering a total volume of $46.66 billion. This volume constitutes a striking 92.84% share of the overall crypto market 24-hour trading volume, underlining the robust presence and utility of stablecoins in the ecosystem.

Bitcoin, the foremost cryptocurrency, saw its dominance climb to 51.77%, reflecting a notable increase of 0.27% over the day. The crypto market’s dynamic market cap and trading volume fluctuations illustrate the resilience and evolving trends within this rapidly expanding financial landscape.

crypto heat map

Asian markets edged higher on Tuesday, maintaining momentum, while the dollar hovered close to its three-month lows. Investors remained confident in the Federal Reserve’s stance on concluding its rate-hike cycle and eagerly awaited a crucial inflation report slated for later this week.

The MSCI’s comprehensive index of Asia-Pacific shares, excluding Japan (.MIAPJ0000PUS), rose by 0.29%, poised to mark nearly a 7% surge in November. This performance stands as the index’s most robust monthly gain since January.

However, European stock markets anticipated a subdued start, as indicated by a 0.11% decline in Eurostoxx 50 futures, a 0.18% dip in German DAX futures, and a 0.09% fall in FTSE futures. Meanwhile, U.S. stock futures indicated minimal change.

Next Cryptocurrency to Explode

This week’s spotlight rests on the Federal Reserve’s preferred inflation gauge scheduled for Thursday, along with Eurozone consumer inflation data. These reports are eagerly awaited for a clearer understanding of the trajectory of prices and potential monetary policy shifts.

Currently, markets are pricing in a 95% probability that the U.S. central bank will maintain interest rates next month. Moreover, CME’s FedWatch tool indicates a growing inclination toward a possible rate cut around mid-2024.

1. Celestia (TIA)

Celestia’s TIA token recently exhibited a remarkable surge, marking a staggering 143% gain over seven days. However, within the last 48 hours, it experienced a slight retracement of 6%.

Currently, TIA is trading at $5.61, hovering close to the twenty-three point six percent Fibonacci support, positioned at $5.52. This level is nestled between its highs of $6.54 and lows of $2.25. A breach of this support could trigger a price downturn towards the $5.00 mark, in line with the 38.2% Fibonacci line. Investors may consider selling around these price points to safeguard profits from the surge in TIA’s value.

Even a seemingly modest 50-token airdrop could hold significant future value from $200 to $300 in a bearish trend. This emphasizes the enduring potential of acquiring TIA through existing incentives before broader adoption potentially limits its availability.

TIA price chart

Celestia has introduced its inaugural token airdrop, the Genesis Drop, offering the public an early opportunity to acquire its TIA cryptocurrency. Participants taking the incentivized testnet can access 7.4% of the total token supply. Impressively, a notable 12.6% is allocated for forthcoming incentives, hinting at the possibility of additional airdrops.

As initially outlined in Celestia’s blog announcement, the primary airdrop is accessible to approximately 7,500 developers and over 576,000 on-chain addresses across Ethereum rollups, Cosmos Hub, and Osmosis. Eligible developers and addresses can register their details on the Celestia blockchain’s genesis point at Tokens obtained through the Genesis Drop will be easily accessible from Celestia’s first block in the in-software wallet.

2. Gorilla (GORILLA)

Gorilla (GORILLA), a prominent cryptocurrency, has seen a significant surge in value today, hitting a price of $0.00371274. The token’s 24-hour trading volume stands impressively at $4.70 million, marking an 18.73% increase within the day and a remarkable 82.63% increase over the past week. With a circulating supply of 770 million GORILLA tokens, the current market cap is evaluated at $2.84 million.

The all-time high for Gorilla (GORILLA) is $0.00378857, recorded on Nov 27, 2023, approximately 10 hours ago. The current price hovers at a close 0.96% below this peak. Conversely, the all-time low for Gorilla (GORILLA) was documented at $0.00024970 on Nov 16, 2023, around 12 days ago. This indicates a substantial 1,402.64% surge from the lowest price point to the current value.

GORILLA price chart

In the past seven days, Gorilla (GORILLA) has outperformed both the global cryptocurrency market, which witnessed a 3.00% increase, and similar Ethereum Ecosystem cryptocurrencies, boasting a 12.70% uptick, by showcasing an impressive 82.60% surge in its price.

Today, the sentiment surrounding Gorilla (GORILLA) appears overwhelmingly positive within the community. Most users, accounting for more than 97%, express bullish sentiments regarding the token, reflecting a strong positive outlook for its future trajectory.

Gorilla (GORILLA) continues to exhibit strong market performance, marked by its recent surge in value. It positions itself as a notable player within the cryptocurrency landscape, promising to be the next cryptocurrency to explode.

3. Ontology Gas (ONG)

Ontology Gas (ONG) has witnessed an impressive surge in value, reaching $0.480379 today with a remarkable 24-hour trading volume of $417.89 million. This surge signifies a substantial 31.76% increase within the past day and an impressive 38.45% surge over the last seven days. However, the current market cap of Ontology Gas cannot be ascertained today due to unreported circulating supply data for ONG tokens.

Ontology Gas (ONG) peaked at $4.39 on Sep 28, 2018, approximately five years ago. The current price remains notably lower, at 89.55% below the all-time high price. Conversely, the all-time low for Ontology Gas (ONG) was documented at $0.04242318 on Mar 13, 2020, over three years ago. This represents a substantial 980.66% surge from the lowest price point to the current value.

In the past seven days, Ontology Gas (ONG) has notably outperformed the global cryptocurrency market, which saw a 2.80% increase. Demonstrating a significant 31.30% surge in its price, Ontology Gas (ONG) continues to show strong performance compared to its peers.

ONG price chart

The sentiment among the community regarding Ontology Gas (ONG) is mainly positive today. More than 58% of users express bullish sentiments, reflecting a prevailing positive outlook for the future trajectory of the token.

Ontology Gas (ONG) continues to display substantial growth, marked by its recent surge in value, positioning itself as an active participant in the cryptocurrency market. The positive community sentiment further strengthens the optimistic outlook for Ontology Gas (ONG) in the near term.

4. Bitcoin ETF Token (BTCETF)

The Bitcoin ETF Token presents an opportunity for cryptocurrency investors to speculate on the potential outcomes of a spot Bitcoin ETF gaining approval. With the broad expectation in the crypto market for the approval of a Bitcoin ETF by the U.S. SEC., BTCETF is attracting investment and racing to be the next cryptocurrency to explode.

Employing a deflationary tokenomics model, the project plans to burn 25% of its total supply upon achieving significant milestones related to ETF approval. For instance, 5% of the tokens will be burned when the SEC announces an ETF approval date.

The Bitcoin ETF Token also reserves 25% of its supply for staking rewards, which presently offer a yield surpassing 130% APY.

With the imminent launch of the first-ever spot Bitcoin ETF in the U.S., the creators of BTCETF are banking on this staking protocol, coupled with deflationary tokenomics, to bolster demand for the token.

Currently, BTCETF is in its presale phase, trading at $0.0058 before listing on the open market. Notably, the ongoing presale has already raised over $1.8 million.

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