Market Capitalisation Recovers, Reaching $1.43 Trillion
After two days of decline, the crypto market capitalisation has rebounded and gained 2.57% in the last 24 hours. The total market cap now stands at $1.43 trillion, and if this recovery continues, it will reach its previous levels.
Traders’ Impetus Fluctuates, DEXTools Reflect Market Sentiments
Traders’ motivation to invest heavily has been fluctuating for over a month. DEXTools is a platform that constantly reflects market sentiments more than most others.
Global Stock Indices Expected to Experience Moderate Increases
A Reuters poll of stock market experts indicates that most major global stock indices are expected to experience moderate increases throughout the upcoming year, ending 2024 below their all-time highs. However, a slight majority of experts foresee their respective markets reaching new peaks within the next six months.
Future Trajectory Depends on Interest Rates
The future trajectory of the market depends significantly on expectations regarding interest rates, particularly after central banks have implemented rate hikes in response to post-COVID inflationary pressures. Market analysts and traders speculate that the U.S. Federal Reserve may reduce interest rates by the middle of next year, but this remains uncertain and should align with official statements from central bank officials.
Top Trending Crypto Coins on DEXTools
Aegis Ai (AEGIS)
Aegis Ai is a decentralised financial payment network that is reshaping the conventional payment landscape using blockchain technology. It employs fiat-pegged stablecoins stabilised algorithmically by its reserve currency, AEGIS, facilitating programmable payments and fostering the development of an open financial infrastructure. With a circulating supply of 100 million AEGIS coins, Aegis Ai has transacted approximately $299 billion for over 2 million users since December 2020. The current price of Aegis is $0.0816, experiencing a surge of 137.23% in the last 24 hours.
LiquidLayer Token (LILA)
LiquidLayer is a burgeoning cryptocurrency that has surged significantly, currently priced at $0.710690. In the past 24 hours alone, LILA has witnessed a staggering 72.89% increase in its price, marking an impressive 188.34% surge over the past week. With a circulating supply of 6.5 Million LILA tokens, the market cap of LiquidLayer is valued at $4.47 million.
SuperFarm (SUPER)
The price forecast for SuperFarm projects a decrease of 7.29%, potentially reaching $0.166364 by November 28, 2023. Technical indicators indicate a bullish sentiment for SuperFarm, with positive price movements on most days in the past month. Historical data analysis reveals correlations between SuperFarm’s price and other cryptocurrencies such as Maker (MKR), Ethereum (ETH), Bitcoin (BTC), OKB (OKB), and Cardano (ADA).
What Might Be The Next Top Trending Crypto?
Meme Kombat X merges memes and gaming, offering staking rewards and unpredictable meme battles while earning passive income. The presale for Meme Kombat has attracted global investor interest with MK tokens priced at just $0.205.
Hot Take: Meme Kombat Poised to Become a Top-Trending Coin
Meme Kombat, backed by a thorough audit and led by experienced founder Matt Whiteman, is positioned to expand and become a top-trending coin in the post-presale open market.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.