{"id":450804,"date":"2023-10-24T08:15:36","date_gmt":"2023-10-24T08:15:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=450804"},"modified":"2023-10-25T09:24:37","modified_gmt":"2023-10-25T09:24:37","slug":"next-cryptocurrency-to-explode-tuesday-24-october-tg-casino-pepe-injective","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-tuesday-24-october-tg-casino-pepe-injective","title":{"rendered":"Next Cryptocurrency to Explode Tuesday 24 October – TG.Casino, Pepe, Injective"},"content":{"rendered":"

The crypto market capitalization surged to $1.27 trillion, marking an impressive 8.62% increase in the<\/span> last 24 hours<\/span><\/a>. This remarkable growth reflects the ongoing interest and investment in the digital asset space. It also demonstrates the market’s ability to sustain the <\/span>next cryptocurrency to explode.<\/span><\/p>\n

In the same 24-hour timeframe, the crypto market’s total trading volume saw a substantial rise, reaching $80.41 billion. Notably, the decentralized finance sector contributes significantly, accounting for $6.06 billion, which amounts to 7.54% of the total 24-hour market volume.<\/span><\/p>\n

Stablecoins continued to gain prominence, representing a substantial $71.99 billion in 24-hour trading volume. This figure makes up a whopping 89.52% of the total crypto market volume during this period.<\/span><\/p>\n

Furthermore, Bitcoin’s dominance now stands at 53.12%, registering a notable 1.78% increase over the day. These numbers underscore Bitcoin’s enduring strength and significance in the crypto space.<\/span><\/p>\n

Battling inflation, Turkey’s central bank is poised to implement another substantial interest rate hike of 500 basis points in response to high inflation, according to a recent <\/span>Reuters survey<\/span><\/a> of economists.<\/span><\/p>\n

This strategic shift comes after a period of loose monetary policy. It coincides with the central bank’s change in direction following the May election, where it began a series of rate increases aimed at curbing inflation, which had reached a concerning 61.5% in September.<\/span><\/p>\n

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

Since June, the central bank has redirected its focus away from stimulating economic growth and turned its efforts toward combating inflation. This commitment to disinflation has led to a cumulative policy rate increase of 2,150 basis points. Simultaneously, other macroprudential measures, such as credit tightening to curb domestic demand, have been introduced in the broader effort to stabilize the country’s economic situation.<\/span><\/p>\n

1. Pepe (PEPE)<\/b><\/h3>\n

The meme coin market is currently seeing a massive surge in interest, with Pepe Coin (PEPE) leading the charge, boasting an impressive 18% gain. In a race that outpaces more established memecoins like Dogecoin and Shiba Inu, PEPE appears poised for further growth, attracting the attention of retail investors once more. It is right on the verge of being the <\/span>next cryptocurrency to explode.<\/span><\/p>\n

\"PEPE<\/p>\n

At the moment, PEPE is trading at $0.0000009512, marking a remarkable 40.72% surge in the last seven days. This upswing followed PEPE’s break above its 20-day Exponential Moving Average (EMA) on the daily chart, a sign indicating a possible reversal in its trend.<\/span><\/p>\n

Trading volumes have also surged by 166.05% within the past 24 hours, reaching $322.39 million, reflecting the growing interest in this trending memecoin.<\/span><\/p>\n

The renewed fascination with the world’s third-largest memecoin, PEPE, is prompting investors to wonder about its driving forces. Several factors are contributing to the current surge in PEPE’s popularity. The recent dovish stance of the US Fed Chair, Jerome Powell, has reduced concerns about aggressive rate hikes, creating a more favorable environment for cryptocurrencies, particularly highly speculative ones like PEPE.<\/span><\/p>\n

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6.9T $PEPE<\/a> Tokens worth ~$6,000,000 have been burned. https:\/\/t.co\/aN5LRUFz8u<\/a><\/p>\n

A new team of advisors have been brought on to guide Pepe forward. Uses for the remaining 3.79T tokens attributed to the original team CEX multi-sig wallet for strategic partnerships and marketing… pic.twitter.com\/JN3ssvH0XL<\/a><\/p>\n

— Pepe (@pepecoineth) October 24, 2023<\/a><\/p><\/blockquote>\n