The global cryptocurrency market is now valued at $1.42 trillion. It had a slight increase of 0.23% within the past 24 hours. However, despite this uptick in market cap, the total trading volume has significantly decreased. It totaled $38.64 billion over the same period, reflecting a notable decline of 30.21%.

The decentralized finance sector’s current volume is $4.23 billion, constituting approximately 10.94% of the overall crypto market’s 24-hour trading volume. In contrast, stablecoins continue to dominate the trading arena, commanding a volume of $33.82 billion, representing 87.53% of the total crypto market volume within the last 24 hours.

Bitcoin currently holds a dominance rate of 51.47%, witnessing a marginal decrease of 0.02% throughout the day. The market’s next cryptocurrency to explode expects to find only resistance on its path.

Losses in China weighed down Asian shares on Friday as Wall Street remained closed for the Thanksgiving holiday, leading to a lack of market direction. Meanwhile, the dollar remained subdued, and Treasury yields experienced a slight increase.

The prevailing holiday mood is expected to extend into Europe, with EUROSTOXX 50 futures showing minimal movement. Similarly, both S&P 500 futures and Nasdaq futures indicated little change.

While MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dropped by 0.6%, it still stands on track for a weekly gain of 0.8%. November has seen a 7% rise in this index, with investors increasingly convinced that U.S. interest rates have peaked, sparking discussions about the timing and pace of potential rate cuts.

Next Cryptocurrency To Explode

Japan’s markets (.N225) resumed trading after a holiday, witnessing a 0.7% climb in the Nikkei (.225), pushing towards a 33-year high attained earlier in the week.

Chinese blue-chip stocks (.CSI300) declined by 0.7%, and Hong Kong’s Hang Seng index (.HSI) plummeted by 1.4%, reversing the significant gains from the previous day. Hong Kong-listed Chinese developers (.HSMPI) faced a 2% decline after a 6.4% surge on Thursday following additional support measures announced by Beijing to bolster the struggling real estate sector.

1. Gas (GAS)

Gas (GAS) is the next cryptocurrency to explode today, leading the gainers’ chart on CoinMarketCap. It has seen a remarkable surge in price, hitting $9.45 today, accompanied by a staggering 24-hour trading volume of $511.06 million. This surge represents a significant 22.89% price increase within the last 24 hours and an 11.98% increase over the past seven days. With a circulating supply of 65 million GAS tokens, the cryptocurrency boasts a market cap valued at $602.83 million.

The highest recorded price for Gas (GAS) stands at $91.94, achieved on Jan 15, 2018—almost six years ago. The current price reflects a considerable 89.82% difference from the all-time high. Conversely, the lowest recorded price for Gas (GAS) was $0.621309 on Mar 13, 2020—over three years ago. The current price represents a remarkable 1,406.47% increase from the all-time low.

In the last seven days, Gas (GAS) has demonstrated a robust price increase of 9.70%, outperforming the broader global cryptocurrency market, which has seen a 2.70% increase. Consequently, the market sentiment for this token is bullish, with more than 82% of users expressing positive sentiments about the cryptocurrency’s performance today.

Gas (GAS) continues to attract attention with its recent price surge, showcasing a substantial uptick in trading volume and market performance, positioning itself relatively well compared to its peers in the crypto market.

2. Bitcoin ETF Token (BTCETF)

Bitcoin ETF Token (BTCETF) introduces an opportunity for cryptocurrency investors to speculate on the potential market impact following the approval of a spot BTC ETF. Its native token, BTCETF, implements unique tokenomics to diminish supply and potentially enhance scarcity, thus boosting its value over time.

#Bitcoin‘s journey unfolds amidst record inactivity and regulatory talks. #BlackRock‘s engagement sparks ETF hopes. 📈 What’s your take on the resilience of #BTC and the #ETF prospects?

Share your thoughts! 💡#BitcoinETF #RegulationTalk #Crypto

— BTCETF_Token (@BTCETF_Token) November 23, 2023

One notable feature is a burning mechanism that plans to burn up to 25% of the total supply as significant ETF approval milestones are achieved. Additionally, it incorporates a 5% transaction tax, progressively decreasing by 1% at each milestone attainment, thereby rewarding long-term holders.

Moreover, Bitcoin ETF Token features a staking protocol for BTCETF, enabling token holders to earn APYs of up to 179%. Despite being in its presale phase, the project has already raised over $1.5 million, indicating early substantial interest.

Investors can acquire BTCETF tokens at $0.0056 each during the current presale stage. However, this price will increase in a few hours from the time of this writing. Anticipating listing on multiple exchanges post-presale, early supporters consider investing at the initial price point a potentially strategic move if the momentum persists.

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While Bitcoin retains its status as the leading cryptocurrency globally, Bitcoin ETF Token presents an intriguing speculative opportunity for investors seeking to capitalize on the much-anticipated approval of a spot BTC ETF. This is the opportunity capitalized on to make BTCETF the next cryptocurrency to explode.

Visit Bitcoin ETF Token.

3. Mantle (MNT)

Mantle (MNT) is another crypto asset gaining today. It sells at $0.506045 today, with a 24-hour trading volume of $119.79 million. This marks a notable 7.68% price surge in the last 24 hours but a minor 2.93% price decline over the past seven days. With a circulating supply of 3.1 billion MNT tokens, Mantle holds a market cap valued at $1.57 billion.

The highest recorded price for Mantle (MNT) peaked at $0.600075 on Jul 20, 2023, approximately four months ago. The current price represents a modest 15.50% difference from this all-time high. Conversely, roughly one month ago, the lowest recorded price for Mantle (MNT) was $0.307978 on Oct 18, 2023, marking a considerable 64.65% increase from the all-time low.

Mantle (MNT) has seen a decline of 2.10% in the past seven days, signaling underperformance compared to the global cryptocurrency market, which has observed a 2.70% increase. Furthermore, concerning similar cryptocurrencies within the Ethereum Ecosystem, Mantle is trailing behind its peers, displaying a 12.70% upward trend.

🎯 DeFi Uncovered Ep. 4 is coming to you next week, hosted by Mantle ecosystem researchers @0xavarek and @defi_maestro!

🗓️ Nov. 29, 2PM UTC
💰 We’re giving away 20 $MNT to 5 users who submit the best questions, details in the form: https://t.co/6D51uHi5aU pic.twitter.com/cAm7mxMV7F

— Mantle (@0xMantle) November 23, 2023

The community sentiment surrounding Mantle (MNT) is bullish despite its comparative losses, with over 75% of users expressing positive sentiment about the cryptocurrency’s current performance. This is a leading factor setting it up as the next cryptocurrency to explode.

Mantle (MNT) continues to navigate varied market movements, experiencing moderate price fluctuations while displaying a divergence in performance compared to both the global crypto market and its specific counterparts within the Ethereum Ecosystem. Despite recent fluctuations, prevailing market sentiment towards Mantle remains predominantly optimistic.

4. Neo (NEO)

NEO (NEO) is currently priced at $11.10, boasting a 24-hour trading volume of $76.16 million. This marks a 3.85% upswing in the last 24 hours yet reflects a slight 4.60% decline over the past seven days. The cryptocurrency holds a market cap of $781.66 million with a circulating supply of 71 million NEO tokens.

The lowest recorded price for NEO (NEO) stands at $0.078349, noted on Oct 21, 2016, roughly seven years ago. The current price reflects a significant increase of 14,075.42% from the all-time low, showcasing the substantial growth witnessed over the years.

NEO (NEO) holds a market capitalization of $781.66 million and is presently ranked 64 on CoinGecko. Market cap is determined by multiplying the token price by the circulating supply of NEO tokens, which is currently at 71 million tradable tokens in the market.

Over the last seven days, NEO (NEO) has experienced a decline of 4.60%, indicating underperformance when compared to the global cryptocurrency market, which has seen a 2.70% increase. Furthermore, concerning similar Smart Contract Platform cryptocurrencies, NEO is trailing behind, displaying a 3.30% increase among its peers.

💚Our heartfelt gratitude to our incredible #Neo community! We wish you and your families a joyous Thanksgiving holiday. 🦃 #happythanksgiving2023 pic.twitter.com/tokLxD3Q7E

— Neo Smart Economy (@Neo_Blockchain) November 23, 2023

The community sentiment surrounding NEO (NEO) remains bullish, with more than 54% of users expressing positive feelings about the cryptocurrency’s current performance and its capacity to be the next cryptocurrency to explode.

Despite recent fluctuations and a week-long decline, NEO continues to draw attention within the crypto space. Its current price surge within the day suggests a possible shift in momentum, while the community remains optimistic about NEO’s potential in the market.

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• Source: https://insidebitcoins.com/news/next-cryptocurrency-to-explode-friday-24-november-bitcoin-etf-token-neo-mantle