{"id":465099,"date":"2023-12-12T12:39:54","date_gmt":"2023-12-12T12:39:54","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=465099"},"modified":"2023-12-12T12:39:54","modified_gmt":"2023-12-12T12:39:54","slug":"next-cryptocurrency-to-explode-tuesday-12-december-launchpad-xyz-kucoin-token-injective","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-tuesday-12-december-launchpad-xyz-kucoin-token-injective","title":{"rendered":"Next Cryptocurrency to Explode Tuesday 12 December – Launchpad XYZ, KuCoin Token, Injective"},"content":{"rendered":"

Bitcoin<\/a> underwent some turmoil, experiencing a nearly 8% value decline. The asset, thus, hovered near the $42,000. According to Bloomberg’s compiled data, this decline effectively began Saturday through Monday and marked the most significant three-day drop since mid-August. The effect of this Bitcoin retreat was felt across the broader cryptocurrency markets, initiating a downturn.<\/p>\n

Analysts attributed this downturn to cautious speculators adjusting their positions while anticipating the Federal Reserve’s upcoming monetary policy meeting. This move comes amid speculations regarding aggressive bets on potential interest-rate cuts in 2024. However, the exact trigger for this pullback remained elusive for many, with most characterizing it as an anticipated consolidation phase following Bitcoin’s staggering 152% year-to-date surge.<\/p>\n

\"crypto<\/p>\n

Bitcoin’s resurgence this year, following a tumultuous 2022, has been fueled by increasing investor confidence regarding the imminent approval of the first US spot Bitcoin exchange-traded funds (ETFs). This development is anticipated to stimulate heightened demand for the digital currency.<\/p>\n

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

In the larger context, the global crypto market cap presently stands at $1.58 trillion, witnessing a marginal 0.28% decrease over the last day<\/a>. Meanwhile, the total crypto market volume over the past 24 hours surged to $82.99 billion, marking a significant 31.35% increase. Notably, decentralized finance accounts for $10.1 billion within this volume, constituting 12.17% of the total crypto market’s 24-hour volume. Additionally, stablecoins command a substantial volume, currently accounting for $76.5 billion, which equates to 92.18% of the entire crypto market’s 24-hour volume.<\/p>\n

1. KuCoin Token (KCS)<\/b><\/h3>\n

The KuCoin Token (KCS) is leading the crypto market gainers today after achieving that for a long time. The token surged impressively, escalating from a low of $10.01 to reach a one-year peak of $12.98. Within the last 24 hours, KCS’s market capitalization surged by 33.02% to hit $1.27 billion, and its trading volume spiked by 176.12% to $16.05 million.<\/p>\n

\"KCS<\/p>\n

This upswing in KCS’s value can be attributed to an optimistic market sentiment and heightened investor confidence. Investors can diversify into previous market leaders while speculating the next cryptocurrency to explode.<\/p>\n

As of the latest update, KCS traded at $12.98, marking a 29.87% increase from its daily low. Should the bullish trend surpass the $13.20 hurdle, the target level will be $14. Conversely, in a bearish scenario, the critical support level to monitor rests at $11.00.<\/p>\n

2. Launchpad XYZ (LPX)<\/b><\/h3>\n

Launchpad XYZ<\/a> is asserting its presence as the next cryptocurrency to explode in the dynamic landscape of cryptocurrency exchanges. The platform is presently amidst a presale phase for its LPX token, gathering significant attention and amassing $2.1 million in funding. Priced at $0.0445, the LPX token presents an enticing opportunity for early backers.<\/p>\n

A compelling aspect of the LPX presale is its bonus structure. Participants enjoy an additional 20% in LPX tokens, decreasing by 1% every seven days. Currently, offering a 6% bonus is a time-sensitive incentive for potential investors.<\/p>\n

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📊 Personalise your trading experience with #LaunchpadXYZ<\/a>'s customisable dashboards. <\/p>\n

Tailor your view for maximum efficiency. ⚡️#Trading<\/a> #BullMarket<\/a> #Crypto<\/a> pic.twitter.com\/p14obrp0gN<\/a><\/p>\n

— Launchpad.xyz (@launchpadlpx) December 11, 2023<\/a><\/p><\/blockquote>\n