Next Cryptocurrency to Explode Wednesday, 18 October - Launchpad XYZ, Toncoin, OKB

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The crypto market capitalization has reached $1.1 trillion, marking a 0.80% increase in the last 24 hours. As the market slowly crawls back up, the next cryptocurrencies to explode are taking their positions. Investors and other players are positioned ahead for explosive gains.

This time around, however, the total crypto market volume plummeted by 24.92% to $45.5 billion in the last 24 hours. Within the crypto space, the volume of decentralized finance stands at $2.41 billion, constituting 5.29% of the total crypto market 24-hour volume. The remaining bulk of trading activity, totaling $42.24 billion, is attributed to stablecoins, representing 92.83% of the overall crypto market 24-hour volume.

Bitcoin has seen its dominance rise to 51.24%, showing a 0.59% increase over the day.

Meanwhile, in Australia, the Governor of the Reserve Bank of Australia (RBA) addressed the state of the domestic economy on Wednesday. Michele Bullock, the RBA Governor, described the economy as “challenging.” The Australian economy is currently grappling with a slowdown in consumption even as inflation remains elevated. The central bank is navigating a delicate path to balance these economic forces.

Next Cryptocurrency to Explode

The RBA Governor pointed out that there were indications that inflation, particularly in services, was proving to be resilient and challenging to suppress. She emphasized the central bank’s vigilance concerning potential upward risks to inflation. Should inflation persist at higher levels than anticipated, the RBA would be compelled to implement a tighter monetary policy in response.

1. Toncoin (TON)

Toncoin is the leading gainer in today’s trading session, maintaining its position above the $2.00 mark. Having dropped to as low as $1.94 on Monday, the TON/USD pair made a strong recovery, surging to an intraday high of $2.12 earlier in today’s session.

This marks Toncoin’s highest point since the previous Thursday, reaching $2.02. It has rapidly displayed signs of the next cryptocurrency to explode with its recovery speed.

At the time of this report, the RSI stands at 49.24, just below the critical resistance level of 50.00. For Toncoin to surpass today’s high, it must overcome this RSI resistance barrier.

In another phase, Telegram made a noteworthy announcement by integrating a crypto wallet known as TON Space, signifying a pivotal move to bolster its presence in the cryptocurrency sector.

In an era where the crypto landscape continues to evolve, this development represents a substantial stride for the widely used messaging platform, boasting an impressive user base of 800 million monthly active users.

The self-custodial crypto wallet, crafted by the Open Network Foundation—a group initially linked to Telegram’s founders—was unveiled during the Token2049 crypto conference held in Singapore. This event drew over 10,000 attendees.

TON Space, the featured wallet, is poised to be accessible globally, although certain exceptions exist, notably in the United States. The US has taken a rigorous stance on the crypto industry, even employing geofences to limit user access to various cryptocurrency-related applications.

The TON Believers Fund has surpassed the mark of 1 billion locked Toncoins, with the total amount exceeding $2 billion. The freezing of coins will attract new users and investors, reducing the risk of a price drop. https://t.co/kipp5CW3hm

— TON Coin (@toncoin) October 16, 2023

The significance of this integration extends beyond financial implications. It signifies a resurgence of Telegram’s ambitions within the cryptocurrency realm, following a series of legal conflicts with the SEC that led to its separation from the blockchain foundation in 2020.

The renewed partnership between Telegram and the TON Foundation now concentrates on constructing Web3 infrastructure atop the trendy messaging platform. This initiative aims to address user onboarding challenges and facilitate a seamless transition to the realm of cryptocurrencies for the entire Telegram community.

Moreover, projects built on the TON blockchain will enjoy a significant advantage, with priority access to Telegram’s advertising platform, Telegram Ads. This is anticipated to substantially enhance visibility and draw a substantial new audience into the cryptocurrency domain.

2. OKB (OKB)

OKB (OKB) currently sells at $44.80 after a 24-hour trading volume of $27.53 million. This indicates a 2.13% price increase over the last day and a 4.33% price rise in the past week. With a circulating supply of 60 million OKB, the market cap of OKB is valued at $2.74 million.

Over the past week, OKB (OKB) has exhibited a 4.30% price increase, outperforming the global cryptocurrency market, which has seen a 4.10% uptick. However, it lags behind similar cryptocurrencies within the Ethereum Ecosystem, which have surged by 12.70%.

The sentiment within the community is notably bullish, with more than 70% of users expressing optimism about OKB (OKB) today. The power of the community around it sustains it as the next cryptocurrency to explode.

OKB (OKB) functions as a utility token on the OKEx exchange, serving purposes such as covering trading fees, unlocking advanced features, and participating in token sales. Its utility extends beyond the exchange, encompassing applications in DeFi projects and as collateral for loans. This versatility allows users to explore a wide range of partnerships and applications within the OKB ecosystem. Overall, OKB stands as an attractive choice for crypto enthusiasts and traders.

The adaptability and extensive integrations of OKB position it as an appealing option for those venturing into the world of decentralized finance. With a compelling value proposition, OKB is well-positioned for sustained growth and relevance in the ever-evolving blockchain landscape.

3. Launchpad XYZ (LPX)

Launchpad XYZ is on the verge of unveiling a platform tailored to demystify the intricate realm of Web 3.0 investments. The forthcoming dashboard will offer a wealth of analytics and insightful data pertaining to cryptocurrencies and NFTs, meticulously curated to cater to both novices and seasoned investors.

🎉 Milestone Alert! 🎉

$1.9 million raised and still climbing! Thank you for being part of our incredible journey 🚀

Curious about #Web3 and crypto? Join our community and discover the possibilities 💡

👉 https://t.co/ZUZaIKh5XC #LaunchpadXYZ #Crypto #Presale #Web3 pic.twitter.com/rnW2vf94sf

— Launchpad.xyz (@launchpadlpx) October 17, 2023

The exclusive LPX token, which is proprietary to Launchpad XYZ, unlocks a range of distinctive features and rewards when staked. As the platform gears up for the full-scale launch of LPX, its array of investment simplification tools aims to capture the attention of the broader crypto community. Here’s a glimpse of what it entails.

For astute crypto investors seeking to capitalize on Launchpad XYZ’s enticing 13% presale bonus for their LPX token, the countdown has officially commenced, with less than two days remaining.

With LPX presales already amassing over a substantial $1.9 million at the established token price of $0.0445, the opportunity to secure these bonus tokens is rapidly dwindling.

Visit Launchpad XYZ.

4. Stacks (STX)

Today, the price of Stacks (STX) has experienced a notable increase. Stacks is currently valued at $0.546305, with a 24-hour trading volume of $22.67 million. Over the past 24 hours, it has seen a 2.16% rise in price, and in the last week, it has surged by 11.16%. With a circulating supply of 1.4 billion STX tokens, the market cap for Stacks now stands at $775.14 million.

The highest recorded price for Stacks (STX) reached $3.39 on December 1, 2021, nearly two years ago. In comparison, the current price is approximately 83.87% lower than its all-time high.

The lowest price ever paid for Stacks (STX) was $0.04559639, documented on March 13, 2020, over three years ago. In contrast, the current price is significantly higher, marking a remarkable 1,099.15% increase over the all-time low.

The fully diluted valuation (FDV) of Stacks (STX) stands at $996,682,326. This value represents a statistical estimation of the maximum market cap, assuming that the entire supply of 1.8 billion STX tokens is in circulation today. It’s worth noting that the realization of FDV may take several years, depending on the emission schedule of STX tokens.

Big week for the Stacks community 💜

More info soon.

— stacks.btc (@Stacks) October 17, 2023

Over the past week, Stacks (STX) has displayed a remarkable 11.10% price increase, outpacing the global cryptocurrency market, which has risen by 4.20%. Additionally, Stacks has also outperformed similar Smart Contract Platform cryptocurrencies, which have experienced a 1.10% increase.

The sentiment within the community is predominantly bullish, with more than 70% of users expressing positive sentiment about Stacks (STX) today.