Global Crypto Market Capitalization Sinks Further Amid Geopolitical Factors
The global crypto market capitalization has experienced a decline of 1.86% in the last 24 hours, reaching $1.07 trillion. Despite this dip, the cryptocurrency market remains active, with potential for the next cryptocurrency to explode. The total trading volume in the crypto market has surged by 64.27%, amounting to $29 billion. Decentralized finance (DeFi) contributes $2.58 billion to this volume, while stablecoins account for $26.5 billion.
Bitcoin’s dominance has increased to 50.28%, indicating its strength in the market. Despite the overall decline in market capitalization, activities were more impressive than the previous day. Wall Street and Asian markets showed positive momentum and optimism, with bond prices rising due to dovish comments from Federal Reserve officials. Oil prices slightly retreated as investors monitored the ongoing conflict in the Middle East.
Tezos (XTZ) Emerges as a Potential Explosive Cryptocurrency
Tezos (XTZ) has witnessed a significant price increase, reaching its highest level since August 29th. It has experienced a surge of over 12% from its lowest point earlier in the week, positioning it as one of the top-performing digital assets. Tezos is known for facilitating peer-to-peer transactions and executing smart contracts. It has made an impact in the non-fungible token (NFT) sector, powering platforms for renowned entities like Manchester United and McLaren.
Despite its high-profile partnerships, Tezos faces challenges in terms of market share in the NFT space and presence in decentralized finance. Its recent price surge may be attributed to outstanding performances by teams it supports, such as Manchester United, McLaren, and Red Bull Racing.
XDC Network Shows Potential for Resurgence
XDC Network has experienced significant price fluctuations throughout its history but has shown stability recently. It has the potential to retest its previous all-time high and reach a price range of $0.069 to $0.074 in 2024, with an average price of around $0.72. In 2025, the price may vary between $0.082 and $0.099, with an average of approximately $0.88.
Meme Kombat Combines Memes, Gaming, and DeFi
Meme Kombat positions itself as the next cryptocurrency to explode by combining memes, decentralized finance, and gaming. It offers enticing staking rewards, a robust tokenomics structure, and a Play-to-Earn (P2E) gambling system featuring meme characters like Pepe the Frog and DOGE. Players can earn valuable rewards in MK tokens through battles and maximize their returns by staking their tokens.
PAX Gold (PAXG) Price Remains Stable
The price of PAX Gold (PAXG) has remained steady, indicating stability in the 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.
