{"id":447440,"date":"2023-10-12T18:20:24","date_gmt":"2023-10-12T18:20:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=447440"},"modified":"2023-10-12T18:20:24","modified_gmt":"2023-10-12T18:20:24","slug":"next-cryptocurrency-to-explode-thursday-12-october-tg-casino-loom-network-frax-share","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-thursday-12-october-tg-casino-loom-network-frax-share","title":{"rendered":"Next Cryptocurrency to Explode Thursday 12 October – TG.Casino, Loom Network, Frax Share"},"content":{"rendered":"

The global crypto market capitalization took a further dip on Thursday. It lost 0.61% in the <\/span>last 24 hours<\/span><\/a>, while its value now stands at $1.05 trillion. The decline rate does not deter investors seeking the <\/span>next cryptocurrency to explode.<\/p>\n

In the past 24 hours, the market’s trading volume reached $25.36 billion to show a 1.01% decrease. Notably, the decentralized finance sector contributed $1.89 billion to this 24-hour volume, representing 7.46% of the market activity. Meanwhile, stablecoins contributed $23.91 billion in the same period. They accounted for 94.29% of the market’s trading activity.<\/span><\/p>\n

Bitcoin’s dominance currently stands at 49.86%, showing a decrease of 0.21% over the day.<\/span><\/p>\n

On the <\/span>stock market<\/span><\/a> scene, Asian markets saw gains on Thursday, driven by the belief that US interest rates have peaked following more dovish statements from Federal Reserve officials. Investors remained on edge, eagerly anticipating the release of the US consumer inflation report later in the day, which is expected to provide additional insights into future monetary policy decisions.<\/span><\/p>\n

In the previous session, Wall Street concluded with positive momentum following the release of Federal Reserve meeting minutes that revealed an increasing level of uncertainty regarding the trajectory of the US economy. Concerns over volatile economic data and tightening financial conditions posed potential threats to economic growth, prompting policymakers to extend the current rate pause that has been in effect for the past month.<\/span><\/p>\n

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

Federal Reserve Governor Christopher Waller emphasized on Wednesday that higher market interest rates could assist in curbing inflation. He suggested a “watch and see” approach to assess whether the central bank’s policy rate needs further adjustment.<\/span><\/p>\n

While the US Dollar remained near a two-week low, the Japanese Yen continued to face pressure, hovering at 149.09\/Dollar. It stands just shy of the critical 150 level, which could trigger intervention from Japanese authorities.<\/span><\/p>\n

1. Loom Network (LOOM)<\/span><\/strong><\/h3>\n

In the past seven days, the native token of the Loom Network, LOOM, has seen a remarkable price increase of 64.02%. In the last 24 hours alone, the price experienced a significant uptick of 11.49%. The price currently stands at $0.21, representing a substantial 72.63% decline from its all-time high of $0.84. Nevertheless, the recent advance will take it closer to the old mark as it becomes the <\/span>next cryptocurrency to explode.<\/p>\n

\"LOOM<\/p>\n

Loom Network boasts a circulating supply of 1,219,425,697.579 LOOM tokens and is recognized as a multichain interoperability platform. Its primary goal is to facilitate the seamless exchange of data and information across different blockchains. The platform is engineered for the scalability of high-performance decentralized applications, emphasizing a quick and user-friendly experience. <\/span><\/p>\n

One of its unique features is the ability for DApps to offer a user experience similar to traditional apps, eliminating the need for users to download cryptocurrency wallet software. Loom Network also provides integrations with prominent blockchains such as Ethereum, Bitcoin, Tron, and Binance Chain. This enables developers to build a DApp once and make it accessible to users on multiple platforms simultaneously. This approach equips developers with the scalability and usability required for the development of high-performance, user-centric DApps.<\/span><\/p>\n

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We've just published a new quick start tutorial for the zkLoom Testnet!<\/p>\n

Check it out and let us know what you think 🙂https:\/\/t.co\/0qsO6DOoBu<\/a><\/p>\n

Please drop by our dev chat on Telegram https:\/\/t.co\/0xFeMA13WE<\/a> if you have any feedback or get stuck ⁉️<\/p>\n

— Loom Network (@loomnetwork) September 5, 2023<\/a><\/p><\/blockquote>\n