{"id":455400,"date":"2023-11-08T08:41:12","date_gmt":"2023-11-08T08:41:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=455400"},"modified":"2023-11-11T16:27:50","modified_gmt":"2023-11-11T16:27:50","slug":"next-cryptocurrency-to-explode-wednesday-8-november-bitcoin-minetrix-trust-wallet-token-toncoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-wednesday-8-november-bitcoin-minetrix-trust-wallet-token-toncoin","title":{"rendered":"Next Cryptocurrency to Explode Wednesday 8 November – Bitcoin Minetrix, Trust Wallet Token, Toncoin"},"content":{"rendered":"

The crypto market capitalization is $1.33 trillion, showing a 0.62% increase over the <\/span>past 24 hours<\/span><\/a>. Over the same period, the total trading volume in the crypto space has surged to $46.76 billion, marking an impressive 16.67% increase. It is a good omen for the entire market and the <\/span>next cryptocurrency to explode to see such a consistent rise.<\/span><\/p>\n

Decentralized finance plays a significant role, with a total trading volume of $4.88 billion, constituting 10.43% of the overall crypto market 24-hour volume. Stablecoins maintain a stronghold, representing $42.16 billion in trading volume, which accounts for a substantial 90.17% of the total crypto market 24-hour volume.<\/span><\/p>\n

Bitcoin’s dominance currently stands at 51.76%, reflecting a 0.28% increase over the day. <\/span><\/p>\n

Note that investors are now cautiously reentering <\/span>Israel’s financial markets<\/span><\/a> after the beginning of its war with Hamas. They acknowledge the descent into one of the most severe security crises in decades.<\/span><\/p>\n

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

The recent decline in the dollar’s value has been beneficial. On Tuesday, the Israeli shekel displayed an impressive recovery, regaining the 5% it had lost in the aftermath of last month’s tragic events.<\/span><\/p>\n

Furthermore, the nation’s stocks and bond prices have steadily regained their footing. However, key market indicators related to risk, such as credit default swaps (CDS), continue to raise concerns.<\/span><\/p>\n

1. Trust Wallet Token (TWT)<\/b><\/h3>\n

While Trust Wallet had a remarkable run in 2022, its performance in the first half of 2023 presented a different story. However, the token experienced a resurgence after a unique Binance listing following a rebranding effort.<\/span><\/p>\n

\"TWT<\/p>\n

It’s essential to keep in mind that price forecasts, especially for volatile assets like cryptocurrencies, can often prove to be inaccurate. Additionally, it’s worth noting that many long-term crypto price predictions are generated using algorithms, which means they can change over time.<\/span><\/p>\n

There was a CoinCodex short-term prediction yesterday that anticipated Trust Wallet price to reach $1.58 by November 11, with further growth to $1.67 by December 6. CoinCodex’s technical analysis appeared bullish, with 27 indicators signalling positive trends and only four indicating bearish trends.<\/span><\/p>\n

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Interested in building your $BTC<\/a> bags? Here's a super easy-to-follow visual guide on exactly how you can do it, with #TrustWallet<\/a>.<\/p>\n

Plus, we've thrown in some useful info on #Bitcoin<\/a> in there too, to really build your #crypto<\/a> knowledge 🎓<\/p>\n

Read on👇https:\/\/t.co\/RIf9ASfeYI<\/a> pic.twitter.com\/1aNFz1oJRO<\/a><\/p>\n

— Trust Wallet (@TrustWallet) November 7, 2023<\/a><\/p><\/blockquote>\n