{"id":460448,"date":"2023-11-28T10:05:55","date_gmt":"2023-11-28T10:05:55","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=460448"},"modified":"2023-11-28T10:08:31","modified_gmt":"2023-11-28T10:08:31","slug":"next-cryptocurrency-to-explode-tuesday-28-november-bitcoin-etf-token-celestia-gorilla","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-tuesday-28-november-bitcoin-etf-token-celestia-gorilla","title":{"rendered":"Next Cryptocurrency to Explode Tuesday, 28 November – Bitcoin ETF Token, Celestia, Gorilla"},"content":{"rendered":"

The global cryptocurrency market experienced a marginal decline in its overall market cap, settling at $1.4 trillion, marking a decrease of 0.86% within the last 24 hours<\/a>. However, the next cryptocurrency to explode is one of many obstructed. There are many hidden gems in crypto that traders engage under the hood to find the next cryptocurrency to explode.<\/p>\n

Despite this slight decrease in market capitalization, trading activity surged significantly. Over the same period, the total crypto market volume soared to $50.26 billion, representing a substantial increase of 10.48%. The decentralized finance sector contributed $4.97 billion to this burgeoning market activity, accounting for 9.89% of the total 24-hour crypto market volume.<\/p>\n

Remarkably, stablecoins emerged as a dominant force in the crypto sphere, registering a total volume of $46.66 billion. This volume constitutes a striking 92.84% share of the overall crypto market 24-hour trading volume, underlining the robust presence and utility of stablecoins in the ecosystem.<\/p>\n

Bitcoin, the foremost cryptocurrency, saw its dominance climb to 51.77%, reflecting a notable increase of 0.27% over the day. The crypto market’s dynamic market cap and trading volume fluctuations illustrate the resilience and evolving trends within this rapidly expanding financial landscape.<\/p>\n

\"crypto<\/p>\n

Asian markets<\/a> edged higher on Tuesday, maintaining momentum, while the dollar hovered close to its three-month lows. Investors remained confident in the Federal Reserve’s stance on concluding its rate-hike cycle and eagerly awaited a crucial inflation report slated for later this week.<\/p>\n

The MSCI’s comprehensive index of Asia-Pacific shares, excluding Japan (.MIAPJ0000PUS), rose by 0.29%, poised to mark nearly a 7% surge in November. This performance stands as the index’s most robust monthly gain since January.<\/p>\n

However, European stock markets anticipated a subdued start, as indicated by a 0.11% decline in Eurostoxx 50 futures, a 0.18% dip in German DAX futures, and a 0.09% fall in FTSE futures. Meanwhile, U.S. stock futures indicated minimal change.<\/p>\n

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

This week’s spotlight rests on the Federal Reserve’s preferred inflation gauge scheduled for Thursday, along with Eurozone consumer inflation data. These reports are eagerly awaited for a clearer understanding of the trajectory of prices and potential monetary policy shifts.<\/p>\n

Currently, markets are pricing in a 95% probability that the U.S. central bank will maintain interest rates next month. Moreover, CME’s FedWatch tool indicates a growing inclination toward a possible rate cut around mid-2024.<\/p>\n

1. Celestia (TIA)<\/b><\/h3>\n

Celestia’s TIA token recently exhibited a remarkable surge, marking a staggering 143% gain over seven days. However, within the last 48 hours, it experienced a slight retracement of 6%.<\/p>\n

Currently, TIA is trading at $5.61, hovering close to the twenty-three point six percent Fibonacci support, positioned at $5.52. This level is nestled between its highs of $6.54 and lows of $2.25. A breach of this support could trigger a price downturn towards the $5.00 mark, in line with the 38.2% Fibonacci line. Investors may consider selling around these price points to safeguard profits from the surge in TIA’s value.<\/p>\n

Even a seemingly modest 50-token airdrop could hold significant future value from $200 to $300 in a bearish trend. This emphasizes the enduring potential of acquiring TIA through existing incentives before broader adoption potentially limits its availability.<\/p>\n

\"TIA<\/p>\n

Celestia has introduced its inaugural token airdrop, the Genesis Drop, offering the public an early opportunity to acquire its TIA cryptocurrency. Participants taking the incentivized testnet can access 7.4% of the total token supply. Impressively, a notable 12.6% is allocated for forthcoming incentives, hinting at the possibility of additional airdrops.<\/p>\n

As initially outlined in Celestia’s blog announcement, the primary airdrop is accessible to approximately 7,500 developers and over 576,000 on-chain addresses across Ethereum rollups, Cosmos Hub, and Osmosis. Eligible developers and addresses can register their details on the Celestia blockchain’s genesis point at genesis.celestia.org. Tokens obtained through the Genesis Drop will be easily accessible from Celestia’s first block in the in-software wallet.<\/p>\n

2. Gorilla (GORILLA)<\/b><\/h3>\n

Gorilla (GORILLA), a prominent cryptocurrency, has seen a significant surge in value today, hitting a price of $0.00371274. The token’s 24-hour trading volume stands impressively at $4.70 million, marking an 18.73% increase within the day and a remarkable 82.63% increase over the past week. With a circulating supply of 770 million GORILLA tokens, the current market cap is evaluated at $2.84 million.<\/p>\n

The all-time high for Gorilla (GORILLA) is $0.00378857, recorded on Nov 27, 2023, approximately 10 hours ago. The current price hovers at a close 0.96% below this peak. Conversely, the all-time low for Gorilla (GORILLA) was documented at $0.00024970 on Nov 16, 2023, around 12 days ago. This indicates a substantial 1,402.64% surge from the lowest price point to the current value.<\/p>\n

\"GORILLA<\/p>\n

In the past seven days, Gorilla (GORILLA) has outperformed both the global cryptocurrency market, which witnessed a 3.00% increase, and similar Ethereum Ecosystem cryptocurrencies, boasting a 12.70% uptick, by showcasing an impressive 82.60% surge in its price.<\/p>\n

Today, the sentiment surrounding Gorilla (GORILLA) appears overwhelmingly positive within the community. Most users, accounting for more than 97%, express bullish sentiments regarding the token, reflecting a strong positive outlook for its future trajectory.<\/p>\n

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🔥 We are trending on @CoinMarketCap<\/a>! 🔥 <\/p>\n

Rubbing shoulders with the big players already 😎<\/p>\n

King of the Jungle and King of Crypto 🦍 👑 #memecoin<\/a> #crypto<\/a> #Cryptocurency<\/a> #topgainer<\/a> #doge<\/a> #shiba<\/a> #floki<\/a> #dork<\/a> #GROK<\/a> #nft<\/a> #BAYC<\/a> pic.twitter.com\/fmGKn76DGB<\/a><\/p>\n

— gorillatokenio (@gorillatokenio) November 28, 2023<\/a><\/p><\/blockquote>\n