Next Cryptocurrency to Explode Monday 30 October – Launchpad XYZ, Decentraland, Gala

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The crypto market capitalization surged to a staggering $1.27 trillion, marking a 0.93% increase in the last 24 hours. This upswing piqued the interest of many investors and enthusiasts alike. It gives them more appetite for risky assets while they hustle for the next cryptocurrency to explode.

Over the same period, the total trading volume in the crypto market reached $27.53 billion, signifying a substantial 14.63% boost. Decentralized finance plays a notable role in this, contributing $2.73 billion, which represents 9.90% of the overall 24-hour crypto market volume. Stablecoins also maintain their stronghold, commanding a volume of $24.08 billion, equivalent to 87.47% of the total 24-hour crypto market trading volume.

Bitcoin maintains its dominance at 52.98%, though it witnessed a marginal 0.02% decline over the day. The Greed & Fear Index stands at a record 72, indicating Greed.

According to a Reuters poll of over 200 economists, high inflation is expected to continue plaguing the world economy in the next year. The survey reveals that three-quarters of these economists are concerned that the primary risk lies in inflation surpassing their initial forecasts. This implies that interest rates are likely to remain elevated for an extended period.

Next Cryptocurrency To Explode

While a few central banks had initially planned to commence interest rate cuts by mid-2024, an increasing number of economists surveyed are revising their expectations. This shift suggests that the more probable timing for interest rate reductions could be in the latter half of the upcoming year.

1. Gala (GALA)

In a striking turn of events, Gala Games (GALA) has witnessed a significant relief rally, with GALA’s price surging by over 44% in the last seven days. This comes despite the ongoing legal disputes involving the company’s top executives.

GALA price chart

A legal battle is going on between CEO Eric Schiermeyer and Co-Founder Wright Thurston, stemming from allegations of misappropriated GALA supply.

However, in the midst of a broader resurgence in the altcoin markets, GALA has managed to bounce back with an impressive 44% gain in the past week, reclaiming recent losses. Such a display of recovery is nothing short of the potential for the next cryptocurrency to explode.

One of the major contributing factors to Gala’s recent rise is the unveiling of “Legacy,” a web3 business simulator and city management game created by Peter Molyneux, renowned for the Fable series. Legacy is now available on Gala Games for PC and Mac, operating on the GalaChain blockchain.

One of the unique features of Legacy is its integration with the GalaChain blockchain, allowing players to store and transfer in-game items to and from the Ethereum (ETH) blockchain for trading on secondary NFT markets such as OpenSea, Rarible, and Magic Eden.

In Legacy, players have the opportunity to conceive and develop towns on NFT lands, and they can also engage in the buying and selling of in-game items, including workers and factories, on the markets using GALA, the native token of the GalaChain network.

2. Launchpad XYZ (LPX)

Throughout this year, the intersection of Artificial Intelligence (AI) and cryptocurrencies is no longer a mere topic of discussion among tech enthusiasts; it has solidified into a distinct market category. Substantial investments from major tech giants like Microsoft have ignited a surge of interest in AI-integrated cryptocurrencies. This dynamic synergy is capturing the attention of a wider audience, extending beyond the tech-savvy, as people from various backgrounds seek to comprehend this novel intersection.

AI and cryptocurrencies, both disruptors in their own right, are now converging to redefine the industry. This convergence has resulted in a notable increase in the market capitalization of AI-based cryptocurrencies, signifying a transformation in the conventional cryptocurrency market.

One notable player in this space is Launchpad XYZ, an AI crypto startup that has been making waves with its forthcoming platform designed to streamline web3 applications. Notably, their LPX token has already garnered an impressive $1.94 million during its presale. The question on everyone’s minds is: What sets this startup apart from the existing array of crypto platforms?

During the ongoing presale of its LPX token, Launchpad XYZ initiated an attractive 20% initial bonus, which is set to decrease by 1% each week, currently standing at 11%. The LPX token serves as the gateway to a range of platform features, promising a unique contribution to the AI-crypto landscape. With the rate of its accumulation and the offers it brings to the table, LPX will be the next cryptocurrency to explode as soon as it launches on various crypto exchanges.

Visit Launchpad XYZ.

3. Decentraland (MANA)

The Decentraland team recently introduced a compelling new feature known as “Monthly Event Themes.” This innovative addition aims to establish a structured and organized framework for the Decentraland (MANA) community and its affiliated brands.

MANA price chart

This announcement created quite a stir within the cryptocurrency community, capturing the attention of industry experts and sparking an initial optimistic outlook for Decentraland’s price. Following the unveiling of this exciting feature, the MANA token saw a notable surge in value, rising from $0.277 on October 18 to $0.38 at the time of this report. The asset has secured a gain of 21.79% in the past seven days and 22.18% in the last thirty days.

Furthermore, Decentraland (MANA) has affirmed its dedication to forging new partnerships that will enhance its metaverse. Consequently, experts are foreseeing the potential for MANA to reach $0.500 by the conclusion of November. After suffering from the bearish market, Decentraland is doing all within its power to make sure its MANA token is the next cryptocurrency to explode now.

However, industry specialists are maintaining a vigilant watch on the broader market conditions. They caution that should the bearish trend persist, Decentraland’s (MANA) price could dip to $0.150 within the same timeframe.

4. BitTorrent(New) (BTT)

BitTorrent, currently the 82nd cryptocurrency in the market, has charted a price journey filled with unexpected twists and turns. This once high-flying cryptocurrency reached an all-time high of $0.000003054 on January 18, 2022, but today, it sells at $0.0000004496, reflecting an 87.02% decline from its peak. But within that, it has gained over 11% in the last 24 hours, and it is still advancing as the week opens.

BTT price chart

Presently, BitTorrent’s price sails around $0.000000446, with a circulating supply of 951,421,714,286,000 BTT and a total supply of 990 trillion BTT. The market capitalization of BitTorrent (New) stands at $449.90 million, with a 24-hour trading volume of $9,131,959 at the time of writing.

A ray of optimism shines on the horizon for BTT, especially when considering expert technical analysis. This cryptocurrency is a product of recent innovations in decentralized blockchain technology. Its all-time high price of $0.000003054, recorded on January 18, 2022, remains a beacon of hope. In contrast, its all-time low of $0.0000004568 was marked on June 20, 2023, signifying the unpredictable nature of the market.

Forecasts for BTT in the year 2023 are cautiously optimistic. The coin is expected to see price fluctuations within a range of $0.000000351 to $0.00000085. This variation could amount to over 140%, with an estimated average price of $0.000000602. Whether this digital asset can regain its former glory or carve a new path, only time will reveal.

Based on further prediction, the coin will likely trade within a range of $0.000000723 to $0.00000104. The lower end of this spectrum, at $0.000000723, represents the minimum projected price, while the upper limit, $0.00000104, signifies the maximum expected price. Furthermore, there is a prevailing assumption that the average price for BitTorrent (BTT) may settle around $0.000000881.

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