Next Cryptocurrency to Explode Thursday 26 October – Launchpad XYZ, Pepe, The Graph

The crypto market capitalization has surged to $1.27 trillion, marking a 1.57% increase in the last 24 hours. Over the same period, the market’s trading volume amounted to $50.54 billion, showing a 27.09% decrease. However, the market capitalization suggests that traders are kin on the following cryptocurrency to explode as fast as possible.

Activities on decentralized finance accounted for $4.59 billion in trading volume, constituting 9.09% of the overall crypto market’s 24-hour volume. The more significant part came from stablecoins, which are dominant forces in the crypto market. They raised $45.47 billion of the total 24-hour volume, representing a commanding 89.96% share.

Bitcoin has witnessed an increase in its dominance, reaching 53.22%, marking a 0.16% rise over the day. This uptick may indicate renewed interest and confidence in the world’s leading cryptocurrency. 

Asian stock markets experienced a significant downturn as they reached their lowest levels in 11 months on Wednesday. Simultaneously, US futures registered a drop, and the Dollar strengthened as Treasury yields rapidly ascended toward their previous peaks, intensifying worries about prolonged high US interest rates.

One of the catalysts behind the apprehension in the bond market was a resurgence in US home sales. Additionally, mixed corporate earnings results have contributed to the unease. Notably, Alphabet (GOOGL.O) shares suffered their most significant decline since March 2020, plummeting by 9.5% overnight. This downturn came as investors expressed disappointment over stagnant growth in the company’s cloud division.

Next Cryptocurrency to Explode

The benchmark 10-year Treasury yield, a crucial determinant for assessing risk sentiment in financial markets, surged by 11 basis points (bps) during the overnight trading session and was quoted at 4.96% by Thursday. These developments underscore the heightened concerns surrounding interest rates and their potential impact on various asset classes.

1. Launchpad XYZ (LPX)

If you’re on the lookout for the next cryptocurrency to explode, don’t miss the ongoing Launchpad XYZ presale. Their alpha call group has delivered returns of up to 7,000%, making it a compelling choice for traders. Unlike the pump-and-dump schemes often seen in the crypto presale space, Launchpad XYZ is incentivizing platform adoption.

To encourage participation, Launchpad XYZ introduced a 20% bonus for both existing and new presale participants. But it reduced by 1% every seven days, and now down to 11%. Furthermore, the team introduced exclusive NFT-based premium access passes, with five tiers available depending on the number of tokens purchased.

Trade smarter with #LaunchpadXYZ’s blazing-fast trading terminal

Experience #Web3 like never before ⚡️#Crypto #Trade #Web3 #Presale pic.twitter.com/LPJIe96FaN

— Launchpad.xyz (@launchpadlpx) October 25, 2023

At the time of writing, the presale has already raised nearly $1.938 million. The LPX token is priced at $0.0445 throughout the presale.

For those curious about what the entire product will offer, the alpha call group on Telegram is freely accessible during the presale. This open group showcases the power of the 100 metrics and data points used to create their setups and calls, providing valuable real-time demonstrations.

The alpha group’s track record is impressive, with 23 trades delivering over 100% returns, eight yielding over 1,000%, and the best-performing call recently achieving a staggering 7,000% return.

In addition to alpha calls, the group offers general trading advice, including when to close positions, take profits, and timely information on trending coins.

To further encourage platform adoption, users will receive access to VIP alpha groups through airdropped NFTs, which must be retained to maintain access. There are tiers to accommodate all user types, from essential to pro traders.

Even if you’re not a pro trader, you can gain access by contributing $25,000 to obtain the ‘Elon’ pass for pro traders. Alternatively, if you’re dipping your toes in, a $200 presale contribution grants you the Shiba NFT pass, ideal for newcomers.

While Launchpad XYZ provides comprehensive tools for traders, its vision extends beyond catering solely to crypto investors. It aims to become an all-in-one Web3 platform, simplifying the complex world of Web3 and making it accessible to all.

With an ambitious roadmap that includes plans for a gaming hub, a decentralized exchange, a Token Directory, and a Metaverse Library, Launchpad XYZ aspires to be the go-to portal for accessing a wide array of Web3 products.

Ultimately, Launchpad XYZ seeks to bridge the gap between Web2 and Web3, facilitating crypto mass adoption for individuals and brands and reaching hundreds of millions of people worldwide.

Visit Launchpad XYZ.

2. Pepe (PEPE)

The memecoin sector is experiencing its share of the broader market rally, with PEPE emerging as one of the primary beneficiaries of this upswing. The token has successfully reclaimed its lost value and is currently trading at $0.0000012, marking an increase of more than 30% in the last 24 hours.

While some may argue that PEPE’s price surge is artificially inflated due to a decline in its trading volume growth rate, it’s essential to consider that this metric, as measured by CoinMarketCap, has increased in tandem with the coin’s volume since the commencement of this significant rally.

PEPE’s journey within the digital currency realm has been marked by challenges, including security breaches and substantial whale selloffs, which have threatened the token’s growth potential over time. Before this recent resurgence, PEPE had experienced a significant drop in its price, positioning it as one of the meme coins with the most substantial losses.

142,069 $PEPE pic.twitter.com/B0tp66Oq4u

— Pepe (@pepecoineth) October 25, 2023

At present, PEPE has made an impressive recovery, achieving over 91% growth in the past week. This latest resurgence indicates that PEPE is on a trajectory to build upon the substantial rally it initiated at the beginning of the year. With the latest uptick, PEPE has now set a new all-time high. The ongoing bullishness has caused the asset to explode once again, not just being the next cryptocurrency to explode. 

3. The Graph (GRT)

Today, The Graph (GRT) is priced at $0.09951, with a 24-hour trading volume of $119.46 million. This reflects an impressive 9.45% price surge in the last 24 hours and a noteworthy 26.08% increase in the past week. The circulating supply of The Graph stands at 9.3 billion GRT, giving it a market capitalization of $93280 million.

The highest price ever paid for The Graph (GRT) was a significant $2.84, a milestone reached on February 12, 2021, over two years ago. In comparison, the current price is 96.49% lower than this historical peak.

On the flip side, the lowest price recorded for The Graph (GRT) was $0.052051, and this occurred on November 22, 2022, about 11 months ago. Today’s price represents a substantial 91.42% increase from this lowest point.

The Graph consistently has high engagement at hackathons all over the world because devs recognize the value of low cost, easy to use, performant & decentralized data infrastructure.

Here’s a recent example:

The Graph was one of the top 5 most implemented techs at @ETHRome ⚡️ https://t.co/jXllbZj2Ot

— The Graph (@graphprotocol) October 24, 2023

Comparing The Graph’s price performance to its peers, it’s evident that it has outperformed the global cryptocurrency market in the last seven days with a 26.10% increase, while the overall market has seen a 15.80% rise. Furthermore, in comparison to similar cryptocurrencies within the Polygon Ecosystem, The Graph has also outshone them, as they have seen no change in their prices.

The community’s outlook on The Graph (GRT) is bullish, with over 81% of users expressing optimism about its current performance.

4. GMX (GMX)

An executive from the digital assets investment company Pantera Capital is forecasting that GMX and another altcoin associated with a decentralized exchange (DEX) will soon emerge as formidable contenders, eroding Uniswap’s (UNI) dominance. GMX is expected to become the next cryptocurrency to explode by a wide margin, according to that analysis.

Cosmo Jiang, a portfolio manager, articulated in a thread on Twitter that decentralized perpetual trading platforms GMX and another one are set to surpass Uniswap by virtue of their more transparent mechanisms for accruing token value.

Stay up to date with this week‘s news from all around the $GMX ecosystem: https://t.co/oYnNuePyhV

— GMX 🫐 (@GMX_IO) October 21, 2023

GMX is currently up by 7.83% in the last 24 hours as it sells at $43.90. Traders appear to be more bullish about the prospects of the GMX token than what Jiang stated. This is the best time to invest in the asset before it rises beyond reach.

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