{"id":443354,"date":"2023-09-28T15:02:48","date_gmt":"2023-09-28T15:02:48","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=443354"},"modified":"2023-09-28T15:32:53","modified_gmt":"2023-09-28T15:32:53","slug":"next-cryptocurrency-to-explode-thursday-28-september-tg-casino-bitcoin-cash-terra-classic","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-thursday-28-september-tg-casino-bitcoin-cash-terra-classic","title":{"rendered":"Next Cryptocurrency to Explode Thursday 28 September – TG.Casino, Bitcoin Cash, Terra Classic"},"content":{"rendered":"

The crypto market capitalization fairs better on Thursday than it did on <\/span>Wednesday<\/span><\/a>. It is currently up by 0.24% to $1.05 trillion over the last 24 hours. The market has kept its valuation up despite recent market fluctuations. It is a significant sign that the <\/span>next cryptocurrency to explode is only around the corner.  <\/span><\/p>\n

The market’s trading volume surged by 47.60%, reaching $28.78 billion in 24 hours. The decentralized finance sector contributed significantly to the daily trading volume. It accounts for $2.72 billion, about 9.45% of the market’s 24-hour trading volume.<\/span><\/p>\n

Stablecoins have a trading volume of $27.1 billion. This figure represents 94.17% of the crypto market’s 24-hour trading volume. This part of the market constantly pushes one of its own to become the <\/span>next cryptocurrency to explode.<\/p>\n

Bitcoin’s market dominance increased by 0.02%. It commands a 48.94% share of the total cryptocurrency market. The dominance level underscores Bitcoin’s enduring influence and market position.<\/span><\/p>\n

Meanwhile, oil prices rose to their highest levels in a year in the early hours of Thursday. At the same time, global <\/span>stock markets<\/span><\/a> faced their most prolonged losing streak in two years. The loss is driven by growing concerns about consistently rising interest rates. Investors’ anxieties move them in the direction of the US Dollar and other assets for refuge.<\/span><\/p>\n

Another aspect of the concerns that gripped the market was the significant decline in crude oil inventories in Cushing, Oklahoma. There are indications that demand is surpassing production levels at this crucial time.<\/span><\/p>\n

Next Cryptocurrency to Explode<\/span><\/strong><\/h2>\n

US crude price increased by 3.6% overnight, adding a 1% gain on Thursday to reach $95 per barrel. This is the first time it has reached such levels since August 2022. Meanwhile, Brent futures reached a one-year peak at $97.69.<\/span><\/p>\n

The anticipation of rising energy expenses and stubborn inflation further pressured longer-term bonds. Benchmark 10-year Treasury yields have increased by more than 50 basis points this month, reaching a 16-year high at 4.642%.<\/span><\/p>\n

1. Bitcoin Cash (BCH)<\/span><\/strong><\/h3>\n

Bitcoin Cash (BCH) saw a substantial price increase in the last 24 hours. Its market value rose by more than 9% while its trading volume spiked more than 176%, according to Coinmarketcap. This surge at this time places BCH in the limelight again and guarantees it as the <\/span>next cryptocurrency to explode.<\/p>\n

\"BCH<\/p>\n

Currently, its market capitalization stands at $4.57 billion, while the trading volume has reached $462.28 million. The circulating supply is 19,515,881 BCH tokens. This positive trend extends into the month and the past six months, with BCH displaying a 22.60% increase this month. Furthermore, the year-to-date return for BCH reflects a significant 136.09% incline.<\/span><\/p>\n

Notably, reports from Santiment’s Whale Wallet Balances indicate that as long-term holders of Bitcoin Cash increase their positions, confidence among whale investors appears to be growing. According to the report, crypto whales holding balances ranging from 100,000 to 10 million BCH token all possessed 3.74 million BCH on September 18. However, the data chart reveals that this figure has risen to 3.86 million BCH as of September 26.<\/span><\/p>\n

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This was the state of play at the time of the quoted tweet (Jun 27 2023).<\/p>\n

Whether the market is realising it quickly or slowly, the BCH community's work is relentless.https:\/\/t.co\/F7JC0RXNm9<\/a> pic.twitter.com\/lrf9wS5B4T<\/a><\/p>\n

— The Bitcoin Cash Podcast (@TheBCHPodcast) September 27, 2023<\/a><\/p><\/blockquote>\n