Upcoming Cryptocurrency Surge on Friday 15 September: yPredict, Axie Infinity, and Bitcoin Cash

Upcoming Cryptocurrency Surge on Friday 15 September: yPredict, Axie Infinity, and Bitcoin Cash

The worldwide cryptocurrency market’s capitalization has seen a 1.17% increase, reaching $1.06 trillion in the previous day. Regardless of this growth, the total volume of trading in the market has experienced a short-term dip, sliding to $26.68 billion, reflecting an 8.56% decrease. Nonetheless, the decentralized finance sector remains strong, contributing $1.8 Billion to the 24-hour volume. Stablecoins continue to dominate the market with a volume of $24.57 billion, accounting for 92.07% of the total market volume.

Bitcoin’s dominance in the cryptocurrency market continues  to assert itself, with its market share as of now at 49.09%, marking a modest increase of 0.09% for the day. This outlines Bitcoin’s enduring significance and influence within the broader digital currency market.

Asian stocks surged on Friday, fueled by positive Chinese economic data and the belief that major central banks were nearing the end of their tightening measures.

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Now let’s take a look at two digital currencies that are making waves in the market:

1. yPredict (YPRED)
yPredict is an AI-driven Web 3.0 ecological system that has raised over $3.8 Million in funding through its presale. The project offers a suite of A.I. analytics tools for cryptocurrency and SEO analysis and intends to make 80% of its total token supply available in the presale. Token holders will enjoy staking rewards, discounts on yPredict’s A.I. tools, and free access to its cryptocurrency price forecast system.

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2. Axie Infinity (AXS)
The native digital currency of Axie Infinity Game, AXS, experienced a rapid surge of over 20% within minutes. The price increase was likely driven by excessive short selling rather than fundamental factors. The surge led to a substantial increase in trading volumes as traders rushed into the market.

Along with these digital currencies, Bitcoin (BTC) Cash (BCH) likewise saw an impressive 13% surge, surpassing the $200 mark. The rise was fueled by solid support at the $186 level and the concurrent rise of Bitcoin.

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Overall, the cryptocurrency market continues  to show indications of growth and probable, with numerous digital currencies making whole lot of moves. It’s critical to stay notified and keep an eye on these developments to make notified investment decisions.

Hot Take: The Cryptocurrency Market Shows Resilience and Probable for Growth
The worldwide cryptocurrency market has experienced a 1.17% increase in capitalization, reaching $1.06 trillion. Regardless of a short-term dip in volume of trading, the decentralized finance sector remains strong, contributing $1.8 billion. Bitcoin (BTC) continues  to dominate the market with a 49.09% share, highlighting its enduring significance. Two digital currencies making waves are yPredict (YPRED), offering A.I. analytics tools, and Axie Infinity (AXS), experiencing a rapid surge driven by short selling. Bitcoin (BTC) Cash (BCH) likewise saw a 13% surge, surpassing $200. These developments showcase the resilience and probable for growth in the cryptocurrency market. Stay notified and monitor these opportunities for notified investment decisions.

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Author – Contributor at | Website

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.

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