{"id":464177,"date":"2023-12-08T10:39:13","date_gmt":"2023-12-08T10:39:13","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=464177"},"modified":"2023-12-08T10:39:13","modified_gmt":"2023-12-08T10:39:13","slug":"next-cryptocurrency-to-explode-friday-8-december-tg-casino-jito-optimism","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-friday-8-december-tg-casino-jito-optimism","title":{"rendered":"Next Cryptocurrency to Explode Friday 8 December – TG.Casino, JITO, Optimism"},"content":{"rendered":"

Again, the global cryptocurrency market made more gains on Friday after Thursday’s impressive gains. The market’s capitalization has consequently risen to $1.62 trillion. The latest gains mark a 0.85% increase in value over the past 24 hours<\/a>. However, this growth contrasts with a notable decline in the overall trading activity within the crypto sphere.<\/p>\n

It turns out that the crypto market’s trading volume amounted to $74.31 billion, reflecting an increase of 8.07% from Wednesday’s trade. Notably, the decentralized finance sector contributed $7.98 billion to this volume. This sector of the market, thus, secured 10.74% of the entire crypto market’s daily trading activity. Stablecoins, on the other hand, maintained a dominant position, accounting for $65.8 billion in trading volume, constituting a substantial 88.55% share of the total market activity over the same period.<\/p>\n

The market’s resilience in capitalization, despite the reduced trading volume, suggests a consolidation of assets and a potential shift towards more stable crypto assets like stablecoins amid market uncertainties. Experts anticipate continued monitoring of Bitcoin’s dominance and the evolving dynamics of trading volumes across various crypto sectors in the coming days.<\/p>\n

\"Crypto<\/p>\n

Meanwhile, industry executives have revealed that talks between the U.S. securities regulator and asset managers vying to launch Bitcoin exchange-traded funds (ETFs) have progressed to intricate technical discussions, indicating potential approval from the agency in the pipeline.<\/p>\n

Thirteen prominent firms, including Grayscale Investments, BlackRock, Invesco, and ARK Investments, have submitted applications to the Securities and Exchange Commission (SEC) seeking approval for ETFs that would mirror the price movements of bitcoin.<\/p>\n

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

Introducing a spot Bitcoin ETF<\/a> would signify a monumental moment for the industry, granting cautious investors access to the world’s largest cryptocurrency through the tightly regulated stock market. Anticipation for such a product is high, with initial demand projected to reach as much as $3 billion within the first few days of its launch.<\/p>\n

1. JITO (JTO)<\/b><\/h3>\n

After an eventful week for Bitcoin, traders shifted their focus to the obvious next cryptocurrency to explode. JTO is the new governance token from Jito, a Solana-based staking project. It is currently experiencing a staggering 85.46% surge upon its Thursday launch.<\/p>\n

Introduced at 11 am ET, Jito’s JTO token witnessed rapid uptake, with around 30% of the airdrop claimed within just 45 minutes. Notably, none of the top 14 addresses claiming the token, ranked by size, had initiated any sales during this period.<\/p>\n

\"JTO<\/p>\n

In a departure from the norm, eligible recipients have an extended 18-month window to collect their assets, a notably prolonged claim period compared to the typical 30 to 90-day windows for airdropped tokens.<\/p>\n

At the time of this report, JTO boasted a market capitalization of approximately $337,98 million. It was at the top of the gainers’ list on CoinMarketCap on Friday.<\/p>\n

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So you claimed your $JTO<\/a>, but now what?<\/p>\n

We built a DeFi Guide that can help you figure it out!https:\/\/t.co\/Gx5pYgjl9o<\/a> pic.twitter.com\/IUB52O9ML7<\/a><\/p>\n

— Jito (@jito_sol) December 7, 2023<\/a><\/p><\/blockquote>\n