The crypto market has increased market capitalization today over the last 24 hours. It jumped by 1.71% over the record of our last next cryptocurrency to explode post and now stands at $1.04 trillion.
The crypto market had a total trade volume of $34.23 billion in the last 24 hours. This is, however, a 5.55% drop from what it had in the previous 24 hours. The decentralized finance sector had a trading volume of $2.41 billion which is 7.04% of the crypto market’s trade volume in the 24-hour period. Stablecoins recorded $34.98 billion worth of trade volume and it amounts to 92.96% of the market’s volume.
Bitcoin dominance managed a 0.28% jump over the previous 24 hours. The lead coin’s market dominance is now 47.74%.
On the broader economic scale, the US economy is displaying more signs of strength. Consumers have more spending capacity as interest rates were pegged by the Federal Reserve. Meanwhile, the International Monetary Fund (IMF) has said the Eurozone needs the European Central Bank, (ECB) to raise interest rates. The IMF also stated that the apex bank needs to implement tighter fiscal policies to curb inflation.
While the crypto market is benefiting from loose funds on one hand, it is also held back by austerity on another front. It is a delicate balance that requires skilled investors to properly plan and navigate the market carefully.
The Next Cryptocurrency To Explode
The current financial market dynamics are intriguing enough to capture and sustain investors’ attention. Crypto assets are thrown up every now and then such that it requires dexterity to position oneself for gain. The next cryptocurrency to explode helps investors make informed decisions and stay ahead of the curve.
The latest trends and market trajectory give insight into what is ahead and how investors should stake. Let’s examine a few assets.
1. AiDoge (AI)
AiDoge rose as one of the many wonders of the crypto market that never seizes. It’s a memecoin that borrowed inspiration from the likes of Dogecoin. However, it comes with a twist and blend of artificial intelligence (AI). It also has a unique proposition when it comes to the memecoin space.
One of the facts about the next big cryptocurrency to explode is that it mixes humor with fast-paced technology. It is not merely riding on the wave of the meme community, which is the fun part. It also uses the power of artificial intelligence to solve actual human needs in the memecoin ecosystem. This makes it attractive to both lovers of the meme culture and technology enthusiasts. It has, therefore, created a perfect synthesis between both worlds.
Another important aspect of AiDoge is its special use cases. This stems directly from its artificial intelligence connections. Although most apps it will work with are still in their infancy, there are many AI solutions that might be built with the platform’s technology.
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There is no strong crypto platform without a large community behind it. Another reason behind the uniqueness of AiDoge is its rapidly growing community. The community is eager to see the platform and its native token unfold. They are also behind the rapid success of its presale.
AiDoge has a native cryptocurrency AI, that can be held or traded much like most other cryptocurrencies. The value proposition built around AiDoge is such that guarantees that investments made in its token yield robust returns.
Its presale sold out before the scheduled date as the platform raised more than $14 million. Now AI will be listed on exchanges on the 19th of June. Investors are getting ready to accumulate the new token early enough before serious price action set in. The token will also be listed at $0.0000336.
Investors who missed the presale opportunity will have a chance again for the next cryptocurrency to explode.
2. dYdX (DYDX)
The week of the US Securities and Exchange Commission’s onslaught against Binance and Coinbase actually saw dYdX doing well relatively. The exchange’s value spiked and the native token DYDX also rose within the following 24 hours. At that time, the token rose to $2.26, displaying the potential of the next cryptocurrency to explode.
DYDX price has swung around since that time till now. But the asset is currently trading up by 8.20% and selling at $1.56. The controversy instigated by the SEC made investors lose some interest in centralized exchanges and they moved to decentralized ones like dYdX.
Meanwhile, the dYdX community has voted overwhelmingly to support a new proposal to support the network’s subDAO V2. The proposal passed by 99.95% of the total vote cast.
The exchange Operational Trust was supported and represented by voting by Wintermute Governance.
The proposal entails that the first term of the subDAO will terminate on the 19th of June. The community plans to approve $6.6 million to get the V2 up and running within 18 months. The fund will make up for the operating cost and compensation for contributors.
DYDX still holds more promise in the future as the crypto market continues to fight back against the tide. Decentralized exchanges are also having a good time with investors giving a new level of attention now.
Investors looking for an eToro coin to invest in should consider DYDX at this time. The next big cryptocurrency to explode is properly positioned to explode further in the coming days.
3. Immutable X (IMX)
The IMX token currently sells at $0.6055 as it is up by 5.06% today. The token is now up after a brief trip downward. This came yet after the SEC-induced market downturn.
The token had a relative strength index of 44.01. It appeared that the IMX token was getting oversold at some point but it didn’t get to that level eventually. But there followed a buying spree and the asset gained upward again.
IMX first encountered an immediate point of resistance at the 20-day exponential moving average. This was followed very closely by the 50-day exponential moving average too. The inference was that any bullish run from that point might encounter resistance. It had the potential of slowing down the upward movement and pushing the price downward again.
The token’s steady rise has not given room for this to happen and the statics prediction may be changing. Investors are gradually pushing the price up to avoid any situation of a backslide. It is a good time for other investors to join this monumental push that will stabilize IMX’s price and make it stand firm as the next cryptocurrency to explode.
Investors ready to join the IMX train, or those who simply want to buy more should visit eToro.
4. KuCoin Token (KCS)
KuCoin is one of the top gainers in the crypto market today and over the last 24 hours. It is currently up by 14.53% while it displays strong tendencies of the next big cryptocurrency to explode. While the market is recovering slowly, KuCoin is taking it quite to another level.
The platform’s native crypto token, KCS, is the market’s 4th cryptocurrency by trading volume. The token now sells for $7.20 as of the time of this report. This is a cumulative rise of 6.20% on the weekly index.
KCS has a 97 million circulating supply and a market capitalization of over $695 million according to CoinMarketCap.
Investors might want to latch on to this wind as fast as possible so the benefit will not elude them. Interested investors should visit eToro to buy into the next cryptocurrency to explode while they still can.
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