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Next Cryptocurrency to Explode Wednesday 13 September – Launchpad XYZ, VeChain, Toncoin

VeChain VET
VeChain VET

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The global crypto market capitalization rose by 0.09% to $1.03 trillion in the last 24 hours. It’s just a notch higher than Tuesday’s report. This uptick demonstrates the market’s ability to weather short-term fluctuations and underscores the growing prominence of digital assets on the global financial stage.

Over the same 24-hour period, the market’s trading volume dipped by 10.27% to $32.28 billion. Decentralized finance continues to assert its presence within this ecosystem, contributing $1.92 billion, equivalent to 5.94% of the market’s 24-hour trading volume. Notably, stablecoins have maintained their stronghold, accounting for a whopping $30.39 billion or 94.15% of the total trading volume within the crypto market.

As market dynamics evolved, Bitcoin saw a slight uptick in its dominance, currently resting at 49.01%, representing a 0.05% increase for the day. This reaffirms Bitcoin’s position as a pivotal player in the crypto sphere, even as newer and more diverse digital assets enter the market.

According to recent statements from Federal Reserve officials, the forthcoming rate-setting meeting will likely result in another rate hike pause. This sentiment is widely shared among economists participating in a Reuters poll, with 94 out of 97 respondents favoring the “no change” option.

Next Cryptocurrency to Explode

Nevertheless, the data may only align partially with this prevailing perspective. Initial estimates present a nuanced picture: annual core inflation is anticipated to decrease from 4.7% to 4.3%, suggesting a potential easing of price pressures. In contrast, headline inflation is expected to climb from 3.2% to 3.6%, adding an element of complexity to the inflation outlook.

1. Launchpad XYZ (LPX)

Launchpad XYZ has positioned itself as the ultimate destination for everything related to crypto investing and Web3 education. This ambitious platform comes with an array of offerings. They range from beginner-friendly trading courses to a marketplace for NFTs and decentralized exchanges.

With a presale that has already secured over $1.68 million in funding, Launchpad XYZ is on course to unveil its platform during the third quarter of 2023. Describing itself as a comprehensive Web3 ecosystem, the platform aims to provide valuable resources catering to users of all experience levels.

Launchpad XYZ will offer educational courses and training materials covering cryptocurrency, blockchain technology, and trading strategies for newcomers to the crypto space. The LearnWithLaunchpad program is designed to transform novices into proficient cryptocurrency traders.

For more seasoned users, Launchpad XYZ has a network of experts. The platform will furnish advanced analytics, trading signals, and a daily “Trading Edge” newsletter promising market-leading insights.

Central to the Launchpad XYZ ecosystem is the LPX token, its native cryptocurrency. Users will require LPX for platform access and to unlock premium features. Holding LPX tokens will also bring rewards such as staking yields, whitelist access, and discounts, incentivizing long-term holding and potentially mitigating selling pressure when the token is eventually listed on major exchanges.

With an ambitious roadmap and a successful presale, crypto enthusiasts and influencers are already speculating on the price potential of LPX. Launchpad XYZ has set its sights on becoming the ultimate hub for all things crypto and Web3, and if the team can execute its ambitious plans, LPX may well emerge as one of the standout tokens in 2023. The crypto community eagerly anticipates the launch of Launchpad XYZ.

Visit Launchpad XYZ.

2. VeChain (VET)

Coinbase recently announced that VeChain (VET) and VeThor (VTHO) will be tradable on the exchange starting Wednesday. Notably, deposit and withdrawal operations for these tokens have already been activated. 

VET price chart

This move follows a trend among exchanges facing declining revenues due to low trading volume as they seek to list projects that can generate increased interest and activity on their platforms. However, Coinbase, a publicly traded company, finds itself in a less favorable competitive position, especially considering the scrutiny it faces from the US Securities and Exchange Commission.

While Coinbase asserts that its token listings adhere to SEC regulations, it’s important to note that the regulatory body took legal action against the exchange in June, alleging that it provided unregistered securities trading services. 

Despite these challenges, the news of VeChain’s listing spurred an immediate uptick in VET’s price, climbing from $0.015 to $0.016 as it gained 7.95% at the time of this report. The altcoin maintained this positive momentum throughout Tuesday, topping the gainers’ list on CoinMarketCap.

3. Toncoin (TON)

Toncoin (TON) has recently drawn the attention of traders and investors as it retraced to the 20-day Exponential Moving Average (EMA) at an enticing price of $1.84. This intriguing development has ignited discussions within the crypto community regarding the potential for a low-risk entry opportunity. It is currently up by 9.11%, and the market wonders where it will turn next as it becomes the next cryptocurrency to explode.

There are three possible cases to consider. Firstly, Toncoin could execute a successful bounce-back from the 20-day EMA at $1.84. This would be a positive signal for traders and investors, suggesting that the cryptocurrency’s upward momentum remains intact. Such a rebound could signify a shift in market sentiment, attracting renewed interest from participants who recognize the value of Toncoin.

If the rebound proves robust, the uptrend may continue, propelling the price beyond recent highs. Those who took advantage of the low-risk entry opportunity at the 20-day EMA likely find their decision rewarding.

Secondly, Toncoin may not experience an immediate and substantial rebound from the 20-day EMA. In this scenario, the cryptocurrency could enter a consolidation and lateral movement phase, a common occurrence in crypto markets after periods of rapid growth.

TON price chart

During consolidation, price fluctuations are limited, and Toncoin might trade within a relatively narrow range. Traders need to exercise patience and await a more precise market direction. Importantly, this situation does not necessarily negate the possibility of a future uptrend; it simply suggests that the market is taking a breather before advancing.

Lastly, Toncoin may not find sufficient support at the 20-day EMA, leading to further price declines. In this scenario, caution is advised, and investors should closely monitor Toncoin’s performance.

A sustained drop below the 20-day EMA could signal a more significant trend reversal or a shift in market sentiment. Traders and investors should have predefined risk management strategies to safeguard their capital in the event of such developments.

In conclusion, Toncoin’s retracement to the 20-day EMA at $1.69 has piqued the interest of traders and investors due to its potential as a low-risk entry point. The historical significance of the 20-day EMA as a support level during uptrends makes it a crucial indicator to monitor in the cryptocurrency market.

The outcome will depend on Toncoin’s behavior in the coming days and weeks. A strong rebound would underscore the cryptocurrency’s resilience and potential for further gains, while consolidation or further price decline would present distinct challenges and opportunities for market participants.

4. Bitcoin SV (BSV)

BSV is a cryptocurrency known for its swiftness and reliability in facilitating online financial transactions and supporting various blockchain applications for businesses. Notably, it boasts the advantage of unrestricted block sizes, enabling the execution of advanced functions such as tokenization, smart contracts, and computational capabilities. In essence, the BSV token remains the cryptocurrency closest in alignment with the original design principles of Bitcoin.

BSV price chart

Over the past 24 hours, Bitcoin SV (BSV) has experienced a 3.92% increase in market value while witnessing a 21.51% surge in trading volume. These figures, reported by CoinMarketCap, indicate that BSV’s market capitalization currently stands at $592 million, with a trading volume of $21.5 million. In total, there are 19,266,077 BSV tokens in circulation.

The latest information indicates that BSV will likely continue with its uptick. Traders should position themselves accordingly.

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