{"id":450068,"date":"2023-10-21T13:53:33","date_gmt":"2023-10-21T13:53:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=450068"},"modified":"2023-10-21T13:53:33","modified_gmt":"2023-10-21T13:53:33","slug":"next-cryptocurrency-to-explode-saturday-21-october-launchpad-xyz-mantle-multiversx","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-saturday-21-october-launchpad-xyz-mantle-multiversx","title":{"rendered":"Next Cryptocurrency to Explode Saturday 21 October – Launchpad XYZ, Mantle, MultiversX"},"content":{"rendered":"

The crypto market is experiencing a surge as the total market capitalization reaches an impressive $1.12 trillion, marking a substantial 1.25% increase over the <\/span>past 24 hours<\/span><\/a>.<\/span><\/p>\n

Furthermore, the market’s total trading volume in the last 24 hours has surged to $46.2 billion, representing a significant 5.57% daily increase. Decentralized finance continues to demonstrate its influence, with a total trading volume of $2.4 billion, constituting 5.20% of the entire 24-hour cryptocurrency market volume.<\/span><\/p>\n

A considerable portion of the 24-hour trading volume is attributed to stablecoins. It traded deals worth $43.19 billion, which accounts for an impressive 93.47% of the total cryptocurrency market trading volume.<\/span><\/p>\n

Bitcoin maintains its dominance with a market share of 51.59%, marking a noteworthy increase of 0.09% over the day.<\/span><\/p>\n

The week ended on <\/span>Wall Street<\/span><\/a> with a downward trajectory, influenced by a combination of mixed corporate earnings reports, apprehensions regarding potential interest rate hikes by the Federal Reserve, and mounting concerns about the Middle East conflict.<\/span><\/p>\n

On Thursday, the yield on 10-year US Treasury notes briefly crossed the significant 5% threshold, marking the first time it had achieved such heights since July 2007, touching 5.001%. Although the benchmark yield retraced from this peak, it recorded its most substantial weekly increase since April 2022, driven by robust economic indicators.<\/span><\/p>\n

Next Cryptocurrency to Explode<\/b><\/h2>\n

This week’s market performance was characterized by a tug-of-war between economic optimism and the mounting uncertainties stemming from the international arena. Mixed corporate earnings results and the specter of further Federal Reserve interest rate adjustments left investors cautious. Meanwhile, the situation in the Middle East contributed to overall market unease.<\/span><\/p>\n

1. Mantle (MNT)<\/b><\/h3>\n

Today, Mantle (MNT) stands at a price of $0.3793, reflecting a 12.47% surge in the past 24 hours and an impressive 15.20% increase over the last seven days. With a circulating supply of 3.1 billion MNT tokens, Mantle’s market capitalization is now valued at $1.17 billion. The latest development places MNT directly in line as the <\/span>next cryptocurrency to explode.<\/p>\n

\"MNT<\/p>\n

The coin’s all-time high was reached at $0.6001 on July 20, 2023, three months ago. Presently, the current price is approximately 36.83% lower than this historical peak. Conversely, its all-time low was recorded at $0.3080 on October 18, 2023, just three days ago. In comparison, the current price reflects a 23.08% increase from the all-time low.<\/span><\/p>\n

Regarding the fully diluted valuation (FDV) of Mantle (MNT), it stands at $2.35 billion. This figure represents a statistical projection of the maximum market capitalization, assuming that the maximum number of 6.2 billion MNT tokens are in circulation. However, the realization of FDV may take several years, contingent on the emission schedule of MNT tokens.<\/span><\/p>\n

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🔊 More than 34,000 users now own their very own Citizen. This weekend, make sure you dash through the maze and collect all the basic characters you have an eye on via @mintleapp<\/a><\/p>\n

Mint. Share. Explore. #OnMantle<\/a> pic.twitter.com\/XMibbUp4LF<\/a><\/p>\n

— Mantle (@0xMantle) October 20, 2023<\/a><\/p><\/blockquote>\n