{"id":466452,"date":"2023-12-18T15:29:15","date_gmt":"2023-12-18T15:29:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=466452"},"modified":"2023-12-18T15:29:15","modified_gmt":"2023-12-18T15:29:15","slug":"next-cryptocurrency-to-explode-monday-18-december-tg-casino-helium-stacks","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-monday-18-december-tg-casino-helium-stacks","title":{"rendered":"Next Cryptocurrency to Explode Monday 18 December – TG.Casino, Helium, Stacks"},"content":{"rendered":"

In the last 24 hours, the global cryptocurrency market has experienced a slight dip. The market cap currently rests at $1.55 trillion, marking a 1.99% decrease over the last 24 hours<\/a>. However, trading activity surged significantly, with the total market volume reaching $51.07 billion, signifying a notable 12.54% increase within the same period.<\/p>\n

In decentralized finance, the volume has reached $6.8 billion, constituting 13.32% of the 24-hour crypto market volume. Remarkably, stablecoins continue to hold substantial dominance, accounting for $45.67 billion, making up 89.43% of the total crypto market’s 24-hour volume.<\/p>\n

Bitcoin’s dominance in the crypto market is currently measured at 51.74%, reflecting a marginal increase of 0.10% compared to the previous day. Nevertheless, premium assets retain their positions as the next cryptocurrencies to explode.<\/p>\n

\"crypto<\/p>\n

Meanwhile, FTX Trading Ltd., the crypto firm embroiled in a bankruptcy case due to fraudulent activities, has unveiled a new proposal to return significant sums to customers and creditors. However, the plan raises critical unanswered queries, leaving room for potential disputes in the final phase of the bankruptcy case.<\/p>\n

The proposed reorganization plan needs more clarity on crucial aspects, such as the potential revival of FTX’s defunct crypto exchange, the methodology for evaluating the value of specific digital tokens, and the anticipated repayment ratios for creditors. The proposal’s release initiates a pivotal stage that may see stakeholders engaging in discussions and negotiations over the unresolved aspects of the plan.<\/p>\n

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

The fate of FTX Trading Ltd<\/a>. and the resolution of its bankruptcy case remain contingent upon the resolution of these crucial questions, which could significantly impact the compensation and future operations of the embattled crypto firm.<\/p>\n

1. Helium (HNT)<\/b><\/h3>\n

Helium (HNT) has exhibited a remarkable surge, standing out amidst the struggles of major cryptocurrencies like Bitcoin and Ethereum. HNT soared to $7, marking a three-day upward trend and a staggering 400% surge from its October lows, elevating its market cap to over $976 million.<\/p>\n

The rally extends beyond HNT; Helium’s ecosystem coins have substantially increased. Helium Mobile (MOBILE) surged by over 58%, reaching a market cap of $189 million, while Helium IOT (IOT) soared by 27%, valued at $46 million.<\/p>\n

Several driving forces contribute to Helium’s impressive performance. The first is the ecosystem synergy. The current surge mirrors Solana’s ecosystem tokens’ performance, with SOL and Bonk witnessing remarkable gains and buoying platforms like Raydium, Orca, and Solend.<\/p>\n

\"HNT<\/p>\n

Analysts also foresee a bright future for Decentralized Public Infrastructure (DePin) platforms in 2024, with Helium as a major player boasting over 100,000 paying customers.<\/p>\n

Helium’s rally aligns with an “everything rally” following the recent Fed decision. U.S. equities near all-time highs and record-breaking gold prices fuel a sense of FOMO among crypto investors.<\/p>\n

Technical analysis suggests a robust rally for HNT, with indicators such as moving averages, the Relative Strength Index (RSI) in overbought territory, and the Average Directional Index (ADX) surpassing 60, signaling strong bullish momentum. Anticipation mounts for a potential push towards the $10 resistance level in the coming weeks.<\/p>\n

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📱The Helium Wallet v2.5.0 Update (Android & iOS)<\/p>\n

The Helium Wallet v2.5.0 release adds several new features for the Helium community:<\/p>\n

▶ Allow users to self-onboard Hotspots when Makers do not have enough Data Credits
▶ Better handling of token conversion for location… pic.twitter.com\/QWL29G3POp<\/a><\/p>\n

— Helium🎈 (@helium) December 15, 2023<\/a><\/p><\/blockquote>\n