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The general crypto market is experiencing a huge turnaround as it records gains. The market registered a gain of over 4% in the last 24 hours, bringing its market cap to $1.55 trillion. This will give more leverage to the top-trending cryptocurrencies to express themselves further.
A pre-holiday euphoria engulfs world markets, painting a festive picture for investors, albeit with looming uncertainties, notably for those supporting the Dollar. Central banks’ growing assurance of impending interest rate slashes in the coming year has dominated market sentiments.
Anticipation looms over the forthcoming critical U.S. jobs report, expected to scrutinize the prevailing exuberance, while Australia’s central bank potentially reinforces the belief that rates have peaked.
November has seen a premature surge of festive fervor in global markets, marking the best monthly performance for stocks in three years. Simultaneously, global investment-grade bonds have experienced unprecedented returns of almost 4%, setting a record-breaking month surpassing figures dating back to 1997 (.MERGBMI).
However, this early ‘Santa rally’ now faces a looming threat from the possible intervention of a central bank ‘Grinch.’ Markets, pricing in rate cuts as early as the first half of 2024, anticipate a cautious stance from influential players like the U.S. Federal Reserve and the European Central Bank. Both entities express concerns about market exuberance potentially loosening financial conditions, hinting at a probable pushback.
Top Trending Crypto Coins on DEXTools
The problem of whether equities and bonds can continue their upward trajectory in tandem for the upcoming year raises skepticism. Buoyed by optimistic expectations of lower borrowing costs and steady growth, stocks face a delicate balancing act. On the other hand, government bonds, typically shining during economic downturns, have surged amidst indications that previous rate hikes are beginning to inflict economic strain.
Amidst this nuanced landscape, the clash between bullish market expectations and cautious central bank interventions paints an uncertain backdrop for investors as they navigate the complexities and potential divergences between different asset classes in the forthcoming year.
1. GEC (GEC)
The new cryptocurrency, Geometric Energy Corporation (GEC) is currently valued at $1.36, marking a 12.58% price surge within the last 24 hours. However, specific data regarding GEC tokens’ circulating supply and market cap remains undisclosed. Rising above the $1 mark in such a short time shows how much investors trust GEC. It is a trust level that places the token as a top-trending cryptocurrency.
Examining historical price data, the all-time high for Geometric Energy Corporation stands at $2.20, a figure achieved just 2 days ago on December 02, 2023. The present price represents a notable 37.34% decrease from this recent peak. Conversely, the all-time low for GEC was $0.622951 on December 01, 2023, just 2 days prior. Interestingly, the current price reflects a substantial 121.18% surge from this lowest recorded value.
Analyzing its performance against peer cryptocurrencies, Geometric Energy Corporation has observed a stagnant 0.00% increase over the past 7 days. This performance falls short compared to the broader global cryptocurrency market, which has seen a 10.50% rise, and similar Ethereum Ecosystem cryptocurrencies, which have surged by 12.70% during the same period.
— Geometric Energy Corporation (GEC) (@GeometricEnergy) December 3, 2023
Community sentiment surrounding Geometric Energy Corporation presents a bullish outlook, with more than 68% of users expressing positive sentiments toward GEC today.
The fluctuating price trends and the undisclosed circulating supply of GEC tokens have contributed to uncertainty surrounding its market performance. As the cryptocurrency navigates through these volatile price movements, market observers remain watchful of its trajectory and potential implications within the broader market context.
2. StoicDAO (ZETA)
The current price of stoicDAO (ZETA) is $0.00574909, exhibiting a substantial 20.93% surge within the last 24 hours. However, like GEC, specific data regarding ZETA tokens’ circulating supply and market cap are also undisclosed. However, ZETA has secured engagement from investors and is on its way to becoming a top-trending cryptocurrency.
Exploring historical price data, the all-time high for stoicDAO occurred approximately 20 hours ago on December 03, 2023, reaching $0.00601164. The current price reflects a modest 7.07% decrease from this recent peak. Conversely, the all-time low for ZETA was recorded at $0.00327241 on December 02, 2023, merely a day prior. The present price indicates a noteworthy 70.71% surge from this lowest recorded value.
Analyzing its performance against peer cryptocurrencies, stoicDAO (ZETA) has witnessed a stagnant 0.00% increase over the past 7 days. This performance lags behind the broader global cryptocurrency market, which has experienced a 10.50% rise, and similar Ethereum Ecosystem cryptocurrencies, which surged by 12.70% during the same period.
https://twitter.com/stoic_dao/status/1731308403098796103?s=20
Despite the varying price movements, the sentiment within the stoicDAO community remains predominantly bullish, with more than 62% of users expressing positive sentiments towards ZETA today.
The price fluctuations and undisclosed circulating supply of ZETA tokens contribute to the complex dynamics surrounding stoicDAO’s market performance. As the cryptocurrency navigates through these price swings, market observers closely monitor its trajectory and potential implications within the broader cryptocurrency landscape.
3. Creso (CRE)
Creso (CRE) is currently valued at $0.00062417, marking a 6.30% price increase in the last 24 hours and an impressive surge of 145.27% over the past 7 days. However, specific data regarding CRE tokens’ circulating supply and market cap remains undisclosed.
Assessing historical price data, the all-time high for Creso stands at $0.00064041, achieved approximately 3 hours ago on December 04, 2023. The current price reflects a slight 1.48% decrease from this recent peak. Conversely, the all-time low for CRE was recorded at $0.00015506 on November 15, 2023, around 19 days ago. The present price indicates a significant 306.87% surge from this lowest recorded value.
Regarding performance against peer cryptocurrencies, Creso (CRE) has demonstrated remarkable growth with a 147.70% surge over the past 7 days. This performance surpasses the broader global cryptocurrency market, which has seen a 10.20% increase, and similar Ethereum Ecosystem cryptocurrencies, which observed a 12.70% rise during the same period.
Collaborating for a Luminous Future, Decentralized and Strong! 🦾 https://t.co/wVtWuAZfub
— creso (@cresowallet) November 28, 2023
The substantial price movements and an undisclosed circulating supply of CRE tokens underscore the evolving dynamics surrounding Creso’s market performance. As the cryptocurrency navigates through these significant fluctuations, market observers remain attentive to its trajectory and potential implications within the broader cryptocurrency landscape.
What Might Be The Next Top Trending Crypto?
Wall Street Memes (WSM) registers a current price of $0.02432066, marking a 9.64% price surge within the last 24 hours, and a commendable 9.39% increase over the past 7 days. With a circulating supply of 1.8 billion WSM tokens, the market cap valuation for Wall Street Memes stands at $44 million.
Reviewing its historical price movements, the all-time high for Wall Street Memes occurred around 2 months ago on September 30, 2023, reaching $0.076991. In comparison, the present price indicates a considerable 68.41% decrease from this peak. Conversely, the all-time low for WSM was recorded at $0.01879579 on November 21, 2023, just 12 days prior. The current price demonstrates a 29.42% surge from this lowest recorded value.
Thanks Jim Cramer 😑 pic.twitter.com/q8SYAHU6sO
— Wall Street Memes (@wallstmemes) December 3, 2023
When comparing its performance against peer cryptocurrencies, Wall Street Memes (WSM) has demonstrated a 9.40% increase over the past 7 days. However, this growth falls slightly below the broader global cryptocurrency market’s rise of 10.10%, as well as similar Ethereum Ecosystem cryptocurrencies, which surged by 12.70% during the same period.
The prevailing sentiment within the Wall Street Memes community remains largely bullish, with more than 89% of users expressing positive sentiments toward WSM today.
Amidst these price dynamics and market performance compared to its peers, the community’s optimism underscores a positive outlook for Wall Street Memes as it navigates through the cryptocurrency landscape. Investors and enthusiasts continue to monitor its trajectory amid evolving market trends.
Visit Wall Street Memes.
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