Next Cryptocurrency to Explode Wednesday, 15 November - Wall Street Memes, Kaspa, PancakeSwap

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The crypto market capitalization once again experienced a slight decline. It now rests at $1.37 trillion. This represents a marginal decrease of 2.11% within the last 24 hours.

However, amidst this dip in market capitalization, the overall trading volume across the market showed resilience. It demonstrated a 2.17% increase over the last day. Notably, decentralized finance contributed $6.92 billion to the 24-hour crypto market volume, accounting for 10.91%. Additionally, stablecoins maintained a significant presence, with their trading volume reaching $56.23 billion, constituting a dominant 88.61% share of the crypto market’s 24-hour volume.

Bitcoin displayed a slight shift in its dominance. It currently stands at 50.74%, marking a decrease of 0.32% over the day. Despite the market slide, gains in trading volumes show traders’ resilience and the ease the next cryptocurrency to explode would find.

On the stock market scene, Asian markets surged to their highest levels in two months on Wednesday. Expectations of potential stimulus measures in China and indications of a halt to interest rate hikes in the United States buoyed them. Meanwhile, the Dollar grappled with substantial losses following a benign U.S. inflation report.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rallied by 2.3% during the mid-session break in Hong Kong, reaching its peak since mid-September and positioning itself for the most significant daily gain since January.

The Hang Seng (.HSI) soared nearly 3%, surpassing its 50-day moving average, while Japan’s Nikkei (.N225) recorded a surge of 2.3%.

Next Cryptocurrency To Explode

In bond markets across Australia and South Korea, notable upswings were witnessed, marking their most substantial gains since March. However, the upward momentum in Treasuries and U.S. and European equity futures waned as trade settled steadily.

On Tuesday, data revealed that U.S. headline consumer prices remained unchanged in October, contrary to the anticipated 0.1% rise. Furthermore, the Core CPI, at 0.2%, fell short of the projected 0.3%.

1. Wall Street Memes (WSM)

The current price of Wall Street Memes (WSM) is $0.02289, accompanied by a 24-hour trading volume totaling $36.05 million. This figure indicates a decline of 2.30% in the past 24 hours and a 5.10% increase over the last seven days. The circulating supply of 1.8 Billion WSM tokens places the valuation of Wall Street Memes at a market capitalization of $41.42 million.

Reflecting on its price history, the all-time high for Wall Street Memes (WSM) reached $0.07699 on Sep 30, 2023, nearly two months ago. The current price reflects a 70.32% decrease from this highest recorded price. Conversely, the all-time low for Wall Street Memes (WSM) was recorded at $0.0190 on Oct 18, 2023, approximately 27 days ago, with the current price representing a 20.53% increase from this lowest point.

The fully diluted valuation (FDV) of Wall Street Memes (WSM) is projected at $45.80 million, representing the maximum market capitalization, based on an assumed circulation of 2 Billion WSM tokens. However, realizing FDV might take several years, contingent upon the token emission schedule.

Nation Celebrates Inflation Drop by Planning Black Friday Spending Spree https://t.co/ISPFGJfxjH

— Wall Street Memes (@wallstmemes) November 14, 2023

In the realm of performance relative to peers, Wall Street Memes (WSM) exhibited a 5.20% surge in the last seven days, outperforming the global cryptocurrency market’s 1.30% increase but falling short compared to similar Ethereum Ecosystem cryptocurrencies, which are up by 12.70%.

The current market sentiment toward Wall Street Memes (WSM) indicates bullish behavior. Despite its slide in the last few days, WSM remains a top asset and the next cryptocurrency to explode.

2. PancakeSwap (CAKE)

While WSM slid, PancakeSwap (CAKE) gained, and its price stands at $2.62. It is coupled with a 24-hour trading volume of $391.78 million. This shows a significant surge of 22.93% in the past 24 hours and a 22.33% increase over the last seven days. Anchored by a circulating supply of 230 Million CAKE tokens, PancakeSwap currently holds a market capitalization of $603.52 million.

Exploring its price history, PancakeSwap (CAKE) reached its all-time high at $43.96 on Apr 30, 2021, over two years ago. The current price registers a stark 94.07% decrease from this peak value. On the other end, approximately three years ago, the all-time low for PancakeSwap (CAKE) was noted at $0.194441 on Nov 03, 2020, signifying a remarkable 1,241.19% increase from this lowest recorded point.

The fully diluted valuation of PancakeSwap (CAKE) is $1.02 billion. PancakeSwap has also demonstrated a 22.40% surge ahead of other assets in the last seven days, showing its outperformance against the global cryptocurrency market, which experienced a 1.30% uptick. Additionally, it’s surpassing similar Ethereum Ecosystem cryptocurrencies, which saw a rise of 12.70%.

🎰Game night tonight, are you in? pic.twitter.com/TOfNMdtJIB

— PancakeSwap v4🥞 (@PancakeSwap) November 15, 2023

The market is bullish toward PancakeSwap (CAKE), with over 89% of users exhibiting a positive outlook for the cryptocurrency today. This token will quickly gain the status of the next cryptocurrency to explode if this momentum is sustained.

3. Kaspa (KAS)

The price surge of the current Kaspa (KAS) token is one of the most impressive events in the market. Often overlooked, this token is a hidden gem many traders might have missed. Traders engaging in this token may have reaped substantial profits amidst the surge. While the token shows a slight dip in the daily charts, hints of bullish trends are noticeable.

However, it’s the weekly and monthly charts that exhibit remarkable surges. This relatively less-known token has witnessed an astonishing surge of over 60% in the weekly charts and an even more staggering increase of over 100% in the monthly charts. Naturally, this surge in price has notably impacted metrics such as the market capitalization, which is now edging close to the $2 billion mark.

📢#Kaspa Integration news!
@ViaWallet, a multi-crypto wallet, adds $KAS!https://t.co/z6WNGi5Jth #ViaWallet #Kaspa #DYOR pic.twitter.com/v1y5ZMzjTc

— Kaspa (@KaspaCurrency) November 13, 2023

The Kaspa (KAS) token stands out as a project striving to revolutionize blockchain operations by enhancing transaction speeds within blockchain networks. The project is showing promising progress, notably achieving a remarkable surge of over 100% within just a month. This upward trajectory suggests the project is moving positively towards becoming the next cryptocurrency to explode.

4. Lido DAO (LDO)

Lido DAO (LDO) is also a top gainer and the next cryptocurrency to explode today. It trades at $2.44 at the time of this report, boasting a 24-hour trading volume of $195.21 million. This reflects a 9.73% surge in the last 24 hours and a 25.55% increase over the past seven days. With an available supply of 890 million LDO tokens, Lido DAO commands a market capitalization of $2.17 billion.

The all-time high for Lido DAO (LDO) stands at $7.30, a figure reached on Aug 20, 2021, approximately two years ago, marking a 66.61% disparity from the current price. Conversely, the all-time low for Lido DAO was recorded at $0.406150 on Jun 18, 2022, over a year ago, showcasing a 500.30% rise from the current price.

The fully diluted valuation of this asset is projected at $2.43 billion, assuming a circulating supply of 1 billion LDO tokens. However, the realization of this valuation might span multiple years, contingent upon the emission schedule of LDO tokens.

Raffle time🎲

Come to the Lido booth at Staking Gathering at 5.45pm local time and follow the instructions below to participate in the raffle to win a LidoBox. pic.twitter.com/G5Pyhz3a3T

— Lido (@LidoFinance) November 14, 2023

Lido DAO’s price performance has been notably strong, demonstrating a 25.70% increase in the last seven days, outpacing the global cryptocurrency market’s 1.60% rise. Furthermore, Lido DAO has been performing exceptionally well compared to similar Polygon Ecosystem cryptocurrencies, which have experienced no change.

Regarding market sentiment, an overwhelming majority, exceeding 90% of users, feel bullish about Lido DAO (LDO) today, reflecting a positive outlook among the community members.