{"id":445956,"date":"2023-10-07T05:04:22","date_gmt":"2023-10-07T05:04:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=445956"},"modified":"2023-10-07T05:04:22","modified_gmt":"2023-10-07T05:04:22","slug":"next-cryptocurrency-to-explode-friday-6-october-meme-kombat-toncoin-maker","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-friday-6-october-meme-kombat-toncoin-maker","title":{"rendered":"Next Cryptocurrency to Explode Friday 6 October – Meme Kombat, Toncoin, Maker"},"content":{"rendered":"

In yet another flash of a bearish display, the crypto market capitalization dropped points on Friday. It shed off 0.56% of its <\/span>Thursday gains<\/span><\/a> in the last 24 hours to settle at $1.08 trillion at this time. Despite this minor decline, the digital asset market continues to exhibit robust trading activity with the potential of birthing the <\/span>next cryptocurrency to explode.<\/p>\n

The crypto market’s total trading volume surged to $25.51 billion in the last 24 hours. It marked a significant 4.87% increase. Decentralized finance accounted for $2.53 billion of the total 24-hour volume, marking 9.91% of the trade.<\/span><\/p>\n

Stablecoins have a total volume of $23.66 billion, constituting a substantial 92.73% of the entire 24-hour trading volume. This underlines the crucial role stablecoins play in facilitating cryptocurrency transactions and providing price stability.<\/span><\/p>\n

Bitcoin maintains its dominant position at a rate of 49.65%. However, this represents a minute decrease of 0.01% over the day.<\/span><\/p>\n

The sharp rise in US government <\/span>bond yields<\/span><\/a> has caused an interest rate increase globally. It is further introducing new concerns for economic policymakers who are fighting hard against inflation while trying not to trigger a significant crisis.<\/span><\/p>\n

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

Global financial leaders will convene in Morocco next week for the annual meetings of the IMF and World Bank. The policymakers may find themselves at odds regarding the precise factors behind the current global bond market turbulence. It now goes beyond mere speculation about how aggressively central banks intend to hike interest rates.<\/span><\/p>\n

While the root causes, whether they stem from mounting government deficits, China’s suddenly robust economy, or political gridlock in the US Congress, may be of interest, their implications for the world’s financial system take precedence. It seemed that the global financial system was on course for a “soft landing” after the post-pandemic surge in inflation.<\/span><\/p>\n

1. Toncoin (TON)<\/span><\/strong><\/h3>\n

Toncoin’s current price action shows that the TON token is on an upward trajectory following its bullish breakout. Note that the price has risen above key Exponential Moving Averages on the daily time frame. It should be noted further that trading volumes have risen in the last 24 hours to show increased activity on the network. The trading volume is up by 71.21% to $24,299,16 in the previous 24 hours.<\/span><\/p>\n

\"TON<\/p>\n

Should the current price level receive continued support from buyers, there is potential for a surge toward the $2.61 mark from its current $2.11. Conversely, the immediate support level for TON is situated around $1.60. In comparison to other major cryptocurrencies, TON’s price movement has exhibited more excellent stability.<\/span><\/p>\n

Buyers stand a reasonable chance of achieving the anticipated target if they can maintain the price above the 50 EMA, favoring bullish outcomes. At the ongoing rate, its status as the <\/span>next cryptocurrency to explode is indisputable.<\/span><\/p>\n

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Want to win $TON<\/a> and some other amazing prizes by Changelly and @tonkeeper<\/a>?<\/p>\n

Prizes:
– 1-year Telegram Premium subscriptions
– .ton domains
– $20 worth of $TON<\/a><\/p>\n

The giveaway starts tomorrow! Join our Telegram channel so you don't miss it ➡️ https:\/\/t.co\/zLUsYo18ID<\/a> pic.twitter.com\/DuyxnFcFgP<\/a><\/p>\n

— TON Community News (@Toncoin_Army) October 5, 2023<\/a><\/p><\/blockquote>\n