{"id":456154,"date":"2023-11-10T11:17:00","date_gmt":"2023-11-10T11:17:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=456154"},"modified":"2023-11-10T11:17:00","modified_gmt":"2023-11-10T11:17:00","slug":"next-cryptocurrency-to-explode-friday-10-november-launchpad-xyz-ordi-rocket-pool","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-friday-10-november-launchpad-xyz-ordi-rocket-pool","title":{"rendered":"Next Cryptocurrency to Explode Friday 10 November – Launchpad XYZ, ORDI, Rocket Pool"},"content":{"rendered":"

The <\/span>last 24 hours<\/span><\/a> have been exciting in the crypto market. Its capitalization reached an impressive $1.4 trillion, marking a 2.23% increase over the past day. It impresses on investors that the <\/span>next cryptocurrency to explode will be massive.<\/span><\/p>\n

Over the same period, the total crypto market volume has surged to $95.11 billion, indicating a substantial 85.15% increase. Within the decentralized finance sector, the volume is currently at $9.01 billion, constituting 9.47% of the total crypto market 24-hour volume. Stablecoins maintain a strong presence, with a volume of $83.22 billion, representing 87.50% of the entire crypto market’s 24-hour volume.<\/span><\/p>\n

Bitcoin exhibits a dominance of 51.13%, reflecting a slight decrease of 0.98% over the day. Ethereum, on the other hand, gained more than 9%.<\/span><\/p>\n

\"coin360\"<\/p>\n

Asian <\/span>stocks<\/span><\/a> experienced a decline to their lowest point in a week, contributing to a somber market atmosphere on Friday. Concurrently, the Dollar maintained stability as heightened Treasury yields impacted sentiment, prompted by hawkish remarks from US Federal Reserve Chair Jerome Powell. Powell’s comments dispelled expectations of an imminent peak in interest rates, intensifying the prevailing cautious sentiment.<\/span><\/p>\n

As Europe prepares its trading day, futures indicate a notably lower open. Eurostoxx 50 futures demonstrated a 0.73% decrease, German DAX futures dropped by 0.66%, and FTSE futures were 0.78% lower.<\/span><\/p>\n

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

The somber market mood persists following statements from US Federal Reserve officials, including Powell, on Thursday. Powell emphasized the uncertainty about whether interest rates are sufficiently high to combat inflation effectively. He affirmed the Fed’s commitment to implementing monetary policies with adequate restrictiveness to gradually bring inflation down to the target of 2% over time.<\/span><\/p>\n

1. ORDI (ORDI)<\/b><\/h3>\n

The ORDI token saw a remarkable 35.06% price surge within 24 hours. It has steadily risen following its listing on the Binance crypto exchange under the “seed” tag, signifying its status as an emerging project. It instantly showed its capacity to be the <\/span>next cryptocurrency to explode.<\/span><\/p>\n

In an announcement on Tuesday, Binance emphasized the newness of the ORDI token, acknowledging its elevated risk profile and anticipating potential high price volatility. The exchange urged traders to exercise diligent risk management, conduct thorough research on ORDI’s fundamentals, and understand the project comprehensively before engaging in token trading.<\/span><\/p>\n

\"ORDI<\/p>\n

Binance introduced the “Seed Tag” to identify innovative projects that may exhibit increased volatility and risks compared to other listed tokens. ORDI was assigned the Seed Tag, signaling its classification as a project with higher inherent risk.<\/span><\/p>\n

Market data reveals that ORDI prices surged from the $7 range on Monday to $20.27 at the time of this report. It is accompanied by a substantial increase in trading volumes, reaching $752.46 million over 24 hours.<\/span><\/p>\n

The Ordinals protocol, introduced in April, enables users to embed data into the Bitcoin blockchain by incorporating references to digital art within small Bitcoin-based transactions. This innovation followed the introduction of the Bitcoin Request for Comment (BRC-20) token standard, facilitating the issuance of transferable tokens directly through the Bitcoin network. Subsequently, this led to the emergence of various digital artwork and meme tokens built on the Bitcoin blockchain in the weeks that followed.<\/span><\/p>\n

2. Rocket Pool (RPL)<\/b><\/h3>\n

Rocket Pool (RPL) also emerged as one of the top-performing tokens, experiencing a notable surge of over 20% within the last 24 hours. Its aid toward being the <\/span>next cryptocurrency to explode is based on its staking services.<\/span><\/p>\n

\"RPL<\/p>\n

Distinguished as a significant participant in the liquid staking sector, Rocket Pool significantly enables users to engage in decentralized staking. Liquid staking offers the advantage of withdrawing tokens even before the conclusion of the staking period, providing enhanced flexibility for asset holders.<\/span><\/p>\n

\n

🇹🇷 We've landed in Istanbul, come and say hi!
10th – 11th: @StakingRewards<\/a> summit
11th: Community meet-up 🛥️
13th – 14th: @ethStaker<\/a> gathering
14th: @eigenlayer<\/a> restaking summit
15th: @NethermindEth<\/a> summit pic.twitter.com\/uv5CSQXYfA<\/a><\/p>\n

— Rocket Pool (@Rocket_Pool) November 10, 2023<\/a><\/p><\/blockquote>\n