Next Cryptocurrency to Explode Wednesday 20 September - Launchpad XYZ, Flare, XDC Network

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The global crypto market capitalization is up by 0.71% to $1.07 trillion on Wednesday. This increase comes amid a series of fluctuations that have captured the attention of crypto enthusiasts and investors worldwide. Nevertheless, the bull run is building gradually, as shown up till Tuesday.

Despite the surge in market capitalization, the total crypto market volume over the last 24 hours has seen a 7.09% decrease. It is standing at $27.82 billion. Interestingly, decentralized finance accounts for a total volume of $2.25 billion, equivalent to 8.08% of the entire crypto market’s 24-hour volume.

Stablecoins trading volume reached $25.51 billion, representing a whopping 91.71% of the total crypto market’s 24-hour trading volume.

While Bitcoin dominance rose to 49.18%, reflecting a modest increase of 0.12% over the day.

Asian stock markets faced challenges on Wednesday as 10-year US Treasury yields reached their highest levels in 16 years, propelled by the relentless surge in oil prices. This surge in energy costs has ignited concerns about inflation and prompted expectations that the Federal Reserve may signal an extended period of elevated interest rates.

Next Cryptocurrency to Explode

The consequences of elevated energy expenses were underscored by recent data from Canada, revealing a more substantial-than-anticipated surge in inflation. This revelation not only boosted the value of the Canadian dollar but also triggered a wave of selling in the US Treasury market.

1. Launchpad XYZ (LPX)

Launchpad XYZ (LPX) is a comprehensive Web3 trading dashboard crafted to empower traders, regardless of their experience level. Its primary objective revolves around equipping traders with essential tools to facilitate well-informed trading decisions. This innovative platform offers an array of detailed information concerning utility tokens, providing vital metrics such as liquidity, analyst insights, customized indicators, and potential arbitrage opportunities.

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We’ve already raised more than $1.7 million in our $LPX #Presale 🚀

Hurry & secure your BONUS today 👇https://t.co/VP1YsOx6jB #LaunchpadXYZ #Crypto #Web3 #100x pic.twitter.com/R9mYwm86QG

— Launchpad.xyz (@launchpadlpx) September 18, 2023

What sets Launchpad XYZ apart is its ability to streamline the trading process by consolidating various disparate applications into a user-friendly interface reminiscent of the Web2 era. Leveraging the advantages of Web3, such as revenue-sharing models, fractionalization of tangible assets, and self-custody, it empowers traders with the necessary resources to confidently navigate the intricate cryptocurrency landscape.

A particularly noteworthy feature of Launchpad XYZ is its provision of real-time updates on potential Web 3.0 investments. This feature enables investors to stay at the forefront of discovering new projects and concepts even before they achieve widespread availability. Moreover, a select group of private investors has the opportunity to opt-in for exclusive alerts from the platform pertaining to cryptocurrency presales.

In addition to its informational capabilities, Launchpad XYZ is actively working towards establishing a decentralized exchange capable of facilitating the trading of various asset pairs, including specific perpetual contracts. This strategic move will provide traders with the flexibility to both leverage and engage in short sales. LPX token holders stand to gain from reduced trading fees when utilizing the Launchpad XYZ exchange, further enhancing the utility and value of LPX tokens.

During the ongoing presale period, LPX tokens are attractively priced at $0.0445 per token, with a subsequent listing price of $0.0565. Furthermore, early participants are entitled to an additional 17% bonus as part of this presale phase. Notably, the presale has already garnered substantial interest, with over $1.7 million in investment, showcasing the growing enthusiasm surrounding Launchpad XYZ and its innovative approach to cryptocurrency trading.

Visit Launchpad XYZ.

2. Flare (FLR)

Flare Network (FLR) stated last week that it obtained the necessary approval for its recent FIP.05 proposal. As detailed in the platform’s update on the X app, this proposal is poised for implementation on the mainnet through an upcoming hard fork.

Flare Network has swiftly emerged as one of the most versatile providers of Oracle and data services within the Web3 ecosystem. Despite its relatively recent launch, the network has diligently undergone a series of updates aimed at enhancing its foundational blockchain infrastructure. The approval of the FIP.05 proposal stands as a testament to the robust support from the community, with an impressive 92.02% of the total eligible votes in favor of the protocol’s adoption.

This latest milestone underscores Flare Network’s commitment to delivering cutting-edge solutions within the ever-evolving Web3 landscape, solidifying its position as a key player in the realm of decentralized data and Oracle services. As the mainnet prepares for the impending hard fork, anticipation continues to build within the crypto community regarding the network’s future developments and the broader impact it may have on the blockchain industry.

"What is decentralized finance if everything you're using to settle is essentially centralized?"

Join @HugoPhilion's conversation with @0xbannik as they discuss why highly decentralized oracles like the FTSO are so important.

Read the full recap: https://t.co/umesUioBQq pic.twitter.com/lwYGaLAcp0

— Flare ☀️ (@FlareNetworks) September 19, 2023

The FLR token is responding positively today with a 6.51% increase while selling at $0.0118 at the time of this report. The token has a 24-hour trading volume of $10.3 million.

3. XDC Network (XDC)

The XDC Network’s XDC has been listed among the ISO’s ISO-compliant tokens of 2023. Interest in the token surged as a result as it hit $0.05584 while up by 6.44% at the time of this report. The latest validation may push XDC to be the next cryptocurrency to explode.

The XDC token stands as the native digital asset of the XDC Network, serving as a versatile utility token with a wide range of functionalities. Primarily, XDC functions as a means to facilitate transactions, unlock various services within the platform, and enable active participation in network governance.

Inspirational talk from @XinfinUSA about the State of #Blockchain and his outlook for the #XDCNetwork in 2023 and beyond!#XDC #WeAreXDC #Innovation @XinFin_Official pic.twitter.com/9scvdgPKdC

— onXDC🚀 (@onXDCNetwork) September 12, 2023

What sets XDC apart is its unwavering commitment to real-world use cases, with a particular emphasis on revolutionizing trade finance and supply chain management. Unlike many cryptocurrencies that remain in the realm of speculation, XDC is a blockchain solution designed with a laser focus on practical and tangible applications.

4. KuCoin Token (KCS)

KuCoin Token (KCS), the native cryptocurrency of the KuCoin exchange, is also experiencing a notable price. It is buoyed by its user-friendly interface and an array of comprehensive trading features. KCS token holders stand to reap the rewards of revenue-sharing opportunities within the KuCoin platform.

In recent developments on the KuCoin front, the platform proudly unveiled its pivotal role as the Title Sponsor of TOKEN2049 Singapore. This prestigious event draws participants from the global cryptocurrency community. This year’s event is set to be the largest to date, with an expected attendance of over 10,000 enthusiasts and industry leaders.

As the interest and demand for KuCoin Token continue to mount, analysts are predicting an upward trajectory for its price. Indeed, market analysts are forecasting that the KuCoin token price could soar to an impressive $7.26 by December 2023. This bullish outlook underscores the growing confidence in KuCoin’s platform and the positive sentiment surrounding its native token, further cementing its position within the ever-evolving cryptocurrency landscape. It is currently up by 3.22% while selling at $4.49.