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Today, in the last 24 hours, the market capitalization of the cryptocurrency market has increased. It jumped 1.71% from the all-time high of our last cryptocurrency that exploded , and is now worth $1.04 trillion.
The total trading volume in the cryptocurrency market in the past 24 hours reached $34.23 billion. However, this is 5.55% less than the previous 24 hours. The decentralized finance sector recorded a trading volume of $2.41 billion, or 7.04% of the 24-hour trading volume of the cryptocurrency market. The trading volume of stablecoins reached $34.98 billion, accounting for 92.96% of the market.
Bitcoin dominance has increased by 0.28% in the past 24 hours. The market dominance of the main currency is now at 47.74%.
On a broader economic scale, the US economy is showing more signs of strength. Consumers are more creditworthy because interest rates are set by the Federal Reserve. Meanwhile, the International Monetary Fund (IMF) said the eurozone needs the European Central Bank (ECB) to raise interest rates. The International Monetary Fund also said the central bank should pursue tighter fiscal policy to curb inflation.
While the cryptocurrency market is benefiting from the loss of money, it is also being held back by austerity. It's a delicate balance that requires savvy investors to plan and navigate the market carefully.
The current dynamics of the financial market are interesting enough to attract and maintain the attention of investors. Cryptocurrencies bounce from time to time, so some sleight of hand is required to make a profit. Another explosive cryptocurrency helps investors make informed decisions and stay ahead.
Recent trends and the trajectory of the market give an idea of what lies ahead and what investors should bet on. Let's look at some resources.
1. iDoge (AI)
AiDoge has become one of the unparalleled marvels of the cryptocurrency market. This memcoin is inspired by Dogecoin. However, it has a blend of artificial intelligence (AI). It also has a unique offering when it comes to the memcoin space.
One of the facts about the next big cryptocurrency to explode is that it combines humor with fast-paced technology. It's not just about riding the wave of the meme community, which is the fun part. The power of artificial intelligence is also used to meet real human needs in the memcoin ecosystem. This makes it appealing to meme culture fans and tech enthusiasts. Thus, he created the perfect synthesis between the two worlds.
Another important aspect of Aidoge is the specific use cases. This is directly related to its relationship with artificial intelligence. Although most of the software you will work with is still in its infancy, many AI solutions can be created using platform technology.
🚨 Only 3 days left to register and get started! 🚨
Electrified anticipation! ⚡️
Fasten your seatbelts, it's going to be an exciting ride! 🗓️🚀
https://t.co/Qa1nTqn1JZ#AIDogeArmy #Countdown #Presale pic.twitter.com/Z6zVLP3w3P
— Aidogecrypto (@aidogecrypto) June 16, 2023
There is no reliable crypto platform that does not have a large community behind it. Another reason that makes AiDoge unique is its rapidly growing community. The community wants to see the platform and its token. They are also behind the rapid success of pre-sales.
AiDoge has its own cryptocurrency artificial intelligence, which can be stored or traded like most other cryptocurrencies. The value proposition built around Aidoge is that investments made in the tokens will yield high returns.
The presale sold out ahead of schedule, with the platform raising over $14 million. The AI will now go public on June 19. Investors are preparing to hoard the new token quite early before any major price movement begins. The token will also cost $0.0000336.
Investors who miss the pre-sale will get another shot at the next cryptocurrency boom .
Visit Aidoge .
2.dYdX (DYDX)
During the week the SEC sanctioned Binance and Coinbase, dYdX performed relatively well. The exchange rate skyrocketed and the native DYDX token also rose over the next 24 hours. At that time, the coin rose to $2.26, which indicated the potential for an upcoming cryptocurrency boom .
DYDX price fluctuated between then and now. But the asset is currently trading up 8.20% and selling at $1.56. The controversy created by the SEC caused investors to turn away from centralized exchanges and turn to decentralized exchanges such as dYdX.
Meanwhile, the dYdX community overwhelmingly supported the new subDAO V2 network support proposal. The proposal received 99.95% of all votes.
Wintermute management supported the implementation of the Voting Operational Trust Exchange.
The proposal stipulates that the first term of the sub-DAO expires on June 19. The community plans to commit $6.6 million to get V2 up and running within 18 months. The fund will pay operating costs and depositor compensation.
DYDX remains promising for the future as the crypto market continues to shake things up. Even decentralized exchanges take investor attention to a new level.
Investors looking for an eToro coin to invest in should consider DYDX now. The next big cryptocurrency to explode is well positioned to explode even more in the coming days.
3. Immutable X (IMX)
The IMX token is currently trading at $0.6055 and is up 5.06% today. After a short fall, the token is now on top. This happened after the stock market crash caused by the SEC.
The token had an RSI of 44.01. It turns out that the IMX token was oversold at one point, but ultimately never reached that level. But a buying frenzy ensued and assets rebounded.
The IMX first encountered an immediate resistance point on the 20-day EMA. This was followed by the 50-day exponential moving average. The bottom line is that any growth from now on may encounter resistance. This can slow the upward movement and cause the price to fall again.
The stable growth of the token does not allow this and the stable prediction may change. Investors gradually push the price higher to avoid a pullback. Now is the time for other investors to join in this massive push that will stabilize the price of IMX and forcefully make it 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 most profitable cryptocurrency markets today and in the last 24 hours. It is currently up 14.53% as it shows a strong trend towards the next big cryptocurrency rally . As the market slowly recovers, KuCoin is stepping up.
The platform's cryptocurrency, KCS, is the fourth most traded cryptocurrency in the market. At the time of writing, the token is currently trading at $7.20. This is a cumulative weekly increase of 6.20%.
KCS has 97 million supplies in circulation and a market cap of over $695 million, according to CoinMarketCap.
Investors may want to ride out these headwinds as soon as possible so profits don't slip away. Interested investors should visit eToro to buy the next cryptocurrency until it explodes while they can.
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