{"id":462823,"date":"2023-12-04T15:12:37","date_gmt":"2023-12-04T15:12:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=462823"},"modified":"2023-12-04T15:12:37","modified_gmt":"2023-12-04T15:12:37","slug":"next-cryptocurrency-to-explode-monday-4-december-spongebob-gorilla-shiba-inu","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-monday-4-december-spongebob-gorilla-shiba-inu","title":{"rendered":"Next Cryptocurrency to Explode Monday, 4 December – SpongeBob, Gorilla, Shiba Inu"},"content":{"rendered":"

In a remarkable turn of events, the global cryptocurrency market has experienced a substantial upswing, witnessing a 4.29% surge in its market cap over the last 24 hours. Reports<\/a> reveal that the current market cap stands impressively at $1.55 trillion, marking a notable increase and signaling renewed investor interest and activity in the crypto sphere.<\/p>\n

The 24-hour trading volume within the crypto space has soared to $56.28 billion, showcasing a surge of 26.70% within this period. The decentralized finance sector accounts for $5.97 billion, representing 10.62% of the total crypto market’s 24-hour trading volume. Notably, stablecoins contribute significantly to this surge, with a staggering $50 billion, constituting a substantial 88.84% of the overall crypto market’s 24-hour trading volume.<\/p>\n

Bitcoin continues to assert its dominance at 52.64%, marking a 0.61% increase over the day. This further solidifies Bitcoin’s position as a significant influencer within the broader crypto landscape.<\/p>\n

\"crypto<\/p>\n

The market cap and trading volume surge underscores the growing resilience and momentum within the global crypto market. Analysts and enthusiasts closely monitor these developments, anticipating further market movements and potential shifts in the coming days.<\/p>\n

Asian markets<\/a> experienced a divergence on Monday as investors awaited a flurry of economic data during a pivotal week, coinciding with gold’s remarkable surge to surpass record highs above $2,100. This surge comes amidst growing speculations in the market regarding the likelihood of early and aggressive rate cuts by major central banks in the upcoming year.<\/p>\n

The upcoming U.S. November payroll report, slated for release on Friday, has become a focal point. Analysts underscore the necessity for the report to strike a delicate balance—displaying strength to support the notion of an economic soft landing while avoiding excessive robustness that might endanger the prospects of monetary easing. Median predictions suggest an estimated increase of 180,000 in payrolls, maintaining the unemployment rate at a steady 3.9%.<\/p>\n

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

However, there’s a prevailing sentiment among many analysts that risks lean toward an upside surprise. Goldman Sachs, for instance, forecasts a higher number, anticipating 238,000 in payrolls, which factors in a substantial return of workers from strikes, potentially leading to a lower jobless rate of 3.8%.<\/p>\n

1. SpongeBob (SPONGE)<\/b><\/h3>\n

Despite the general market advance, SpongeBob (SPONGE)<\/a> has displayed a blend of price fluctuations over the past 24 hours, with the current price at $0.00031827, reflecting a minor decrease of 1.05%. However, over the last 7 days, the token has surged impressively by 10.67%, sufficient to make it the next cryptocurrency to explode. Notably, market capitalization data for SpongeBob currently needs to be made available due to undisclosed circulating supply information.<\/p>\n

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All you need is $SPONGE<\/a> 🧽🔥🚀#Crypto<\/a> #Web3<\/a> #Altcoins<\/a> #100x<\/a> pic.twitter.com\/nXDNSHvfps<\/a><\/p>\n

— $SPONGE (@spongeoneth) December 1, 2023<\/a><\/p><\/blockquote>\n