{"id":459491,"date":"2023-11-24T08:46:33","date_gmt":"2023-11-24T08:46:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=459491"},"modified":"2023-11-24T08:46:33","modified_gmt":"2023-11-24T08:46:33","slug":"next-cryptocurrency-to-explode-friday-24-november-bitcoin-etf-token-neo-mantle","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-friday-24-november-bitcoin-etf-token-neo-mantle","title":{"rendered":"Next Cryptocurrency to Explode Friday, 24 November – Bitcoin ETF Token, Neo, Mantle"},"content":{"rendered":"

The global cryptocurrency market is now valued at $1.42 trillion. It had a slight increase of 0.23% within the past 24 hours<\/a>. However, despite this uptick in market cap, the total trading volume has significantly decreased. It totaled $38.64 billion over the same period, reflecting a notable decline of 30.21%.<\/p>\n

The decentralized finance sector’s current volume is $4.23 billion, constituting approximately 10.94% of the overall crypto market’s 24-hour trading volume. In contrast, stablecoins continue to dominate the trading arena, commanding a volume of $33.82 billion, representing 87.53% of the total crypto market volume within the last 24 hours.<\/p>\n

Bitcoin currently holds a dominance rate of 51.47%, witnessing a marginal decrease of 0.02% throughout the day. The market’s next cryptocurrency to explode expects to find only resistance on its path.<\/p>\n

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Losses in China<\/a> weighed down Asian shares on Friday as Wall Street remained closed for the Thanksgiving holiday, leading to a lack of market direction. Meanwhile, the dollar remained subdued, and Treasury yields experienced a slight increase.<\/p>\n

The prevailing holiday mood is expected to extend into Europe, with EUROSTOXX 50 futures showing minimal movement. Similarly, both S&P 500 futures and Nasdaq futures indicated little change.<\/p>\n

While MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dropped by 0.6%, it still stands on track for a weekly gain of 0.8%. November has seen a 7% rise in this index, with investors increasingly convinced that U.S. interest rates have peaked, sparking discussions about the timing and pace of potential rate cuts.<\/p>\n

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

Japan’s markets (.N225) resumed trading after a holiday, witnessing a 0.7% climb in the Nikkei (.225), pushing towards a 33-year high attained earlier in the week.<\/p>\n

Chinese blue-chip stocks (.CSI300) declined by 0.7%, and Hong Kong’s Hang Seng index (.HSI) plummeted by 1.4%, reversing the significant gains from the previous day. Hong Kong-listed Chinese developers (.HSMPI) faced a 2% decline after a 6.4% surge on Thursday following additional support measures announced by Beijing to bolster the struggling real estate sector.<\/p>\n

1. Gas (GAS)<\/b><\/h3>\n

Gas (GAS) is the next cryptocurrency to explode today, leading the gainers’ chart on CoinMarketCap. It has seen a remarkable surge in price, hitting $9.45 today, accompanied by a staggering 24-hour trading volume of $511.06 million. This surge represents a significant 22.89% price increase within the last 24 hours and an 11.98% increase over the past seven days. With a circulating supply of 65 million GAS tokens, the cryptocurrency boasts a market cap valued at $602.83 million.<\/p>\n

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The highest recorded price for Gas (GAS) stands at $91.94, achieved on Jan 15, 2018—almost six years ago. The current price reflects a considerable 89.82% difference from the all-time high. Conversely, the lowest recorded price for Gas (GAS) was $0.621309 on Mar 13, 2020—over three years ago. The current price represents a remarkable 1,406.47% increase from the all-time low.<\/p>\n

\"GAS<\/p>\n

In the last seven days, Gas (GAS) has demonstrated a robust price increase of 9.70%, outperforming the broader global cryptocurrency market, which has seen a 2.70% increase. Consequently, the market sentiment for this token is bullish, with more than 82% of users expressing positive sentiments about the cryptocurrency’s performance today.<\/p>\n

Gas (GAS) continues to attract attention with its recent price surge, showcasing a substantial uptick in trading volume and market performance, positioning itself relatively well compared to its peers in the crypto market.<\/p>\n

2. Bitcoin ETF Token (BTCETF)<\/b><\/h3>\n

Bitcoin ETF Token (BTCETF)<\/a> introduces an opportunity for cryptocurrency investors to speculate on the potential market impact following the approval of a spot BTC ETF. Its native token, BTCETF, implements unique tokenomics to diminish supply and potentially enhance scarcity, thus boosting its value over time.<\/p>\n

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#Bitcoin<\/a>'s journey unfolds amidst record inactivity and regulatory talks. #BlackRock<\/a>'s engagement sparks ETF hopes. 📈 What's your take on the resilience of #BTC<\/a> and the #ETF<\/a> prospects?<\/p>\n

Share your thoughts! 💡#BitcoinETF<\/a> #RegulationTalk<\/a> #Crypto<\/a><\/p>\n

— BTCETF_Token (@BTCETF_Token) November 23, 2023<\/a><\/p><\/blockquote>\n