Crypto Gloom

Next cryptocurrencies set to explode on Sunday, November 26 – Trust Wallet Token, Bitcoin ETF Token, Osmosis

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By Crypto Gloom

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Global financial markets showed modest gains for the week, with major Wall Street indexes posting positive results. This coincided with a broader trend in international stocks, resulting in the biggest monthly gain since November 2020. However, trading remained slow due to the US Thanksgiving holiday.

Moreover, oil futures remained steady in anticipation of the OPEC+ meeting in 2024, where discussions are expected to focus on production cuts. Gold futures rose on Friday as the dollar index weakened against a basket of currencies.

Cryptocurrency HeatmapCryptocurrency Heatmap

In Europe, the STOXX 600 index rose 0.4% on Friday, marking its second straight week of gains. Investors closely watched German data for insights into the country’s economic outlook, with the German DAX index closing down 0.2%.

In a turn to geopolitical events, a four-day ceasefire between Israel and Hamas began on Friday. Notably, the militants released a group of hostages, taking the first step toward a potential de-escalation of tensions in the nearly seven-week conflict.

Next Cryptocurrency to Explode

Financial markets posted modest gains across various indices amid cautious optimism and deliberation on economic data, interest rates and geopolitical developments. These fluctuations are consistent with the general volatility of financial markets, contributing to a nuanced understanding of current dynamics.

1. Trust Wallet Token (TWT)

TWT has established itself as the next cryptocurrency to explode, recording 15 green days in the last 30 days. Trust Wallet Token (TWT) is currently trading at $1.194547, with a 24-hour trading volume of $40.82 million. The market capitalization is $497.71 million, accounting for 0.03% of market dominance. Over the past day, the token price has increased by 3.76%.

TWT price chartTWT price chart

Additionally, the highest recorded price of the token was $2.73 on November 14, 2022 and the lowest price was $0.002771 on June 9, 2020. Since the last all-time high, the lowest price recorded is $0.713506 and the highest price recorded is $1.825630. Current sentiment analysis indicates a bullish trajectory, while the Fear and Greed Index stands at 73, indicating a greed level in market sentiment.

With a circulating supply of 416.65 million TWT out of a maximum supply of 1 billion TWT, the Trust Wallet token currently ranks second on the Tron network by market capitalization. Additionally, technical analysis shows that the 200-day simple moving average is expected to rise in the coming months and reach $1.050877 by December 26, 2023. Additionally, the short-term 50-day SMA is expected to reach $1.235917 by the same date.

The relative strength index (RSI) is 49.68, indicating a neutral market position that is neither oversold nor overbought. Meanwhile, the 30-day forecast projects TWT to trade at $1.260749 by December 3, 2023, representing an increase of 4.78%.

Key highlights include sustained trading above the 200-day SMA, observing 15 positive trading days in the last 30 days. It also shows a reasonable level of liquidity based on market capitalization and is actively traded on Binance.

2. Oasis Network (ROSE)

Oasis Network, valued at $0.081881, has seen a significant price surge of 77% over the past year. As such, it is establishing itself as an explosive next-generation cryptocurrency, exceeding 73% of the top 100 growing cryptocurrency assets. Technical analysis shows that the project is trading above its 200-day simple moving average. Additionally, in the last 30 days, the network has recorded positive gains on 18 occasions, accounting for 60% of the observation period.

rose price chartrose price chart

Currently positioned near its cycle high, the Oasis Network enjoys high liquidity due to its market capitalization and is actively traded on Binance. This contributed to accessibility and market presence. Additionally, financial indicators show that the market capitalization is $535.69 million and the 24-hour trading volume is $123.62 million, indicating moderate market activity. With 65.4 billion ROSE tokens out of 10 billion ROSE in circulation, the annual supply inflation rate is 14.26%.

Historically, Oasis Network reached a high of $0.592943 on January 15, 2022. In contrast, the lowest point was $0.032259 on November 26, 2020. Meanwhile, the current price is closer to the cycle high of $0.085614. Next week’s price is expected to be between $0.081541 and $0.084188.

According to forecasts, if the upper price target is achieved, it will potentially increase by 3.25% by December 4, 2023, reaching $0.084188. A broader trading range of $0.070830 to $0.089821 is also expected, with a potential 9.36% increase if the upper target is met. Ranked 15th in the proof-of-stake coin category, Oasis Network maintains a notable presence within this category.

Additionally, bullish sentiment regarding ROSE is dominant, reflected in the Fear and Greed Index score of 73. Therefore, the current outlook for Oasis Network appears optimistic. In summary, Oasis Network shows promising performance metrics, favorable technological trends, and a prominent market position within the cryptocurrency space.

3. Osmosis (OSMO)

Osmosis (OSMO) is currently showing some notable indicators in terms of trading performance and market dynamics. Based on the latest data, the coin is trading above its 200-day simple moving average, signaling a potential bullish trend. OSMO has shown resilience, recording 18 green days in the past 30 days, resulting in a positive trading pattern of 60%.

OSMO price chartOSMO price chart

In terms of liquidity, Osmosis boasts high liquidity based on market capitalization, ensuring active trading activity. In particular, trading is possible on the popular exchange platform Binance.

The current price of Osmosis is $0.667879, with a 24-hour trading volume of $13.68 million and a market capitalization of $188.65 million. Meanwhile, it has a market power of 0.01%, indicating moderate market activity. In the last 24 hours, OSMO price is up 3.29%.

Current sentiment analysis indicates a bullish outlook for Osmosis. Additionally, the Fear and Greed Index registered at 73, indicating a “greed” state within market sentiment. Regarding token metrics, the current circulating supply of Osmosis is 282.46 million OSMO out of a maximum supply of 1 billion OSMO.

4. Bitcoin ​​ETF Token (BTCETF)

Bitcoin ETF Token (BTCETF) introduces an investment avenue for those interested in speculating on the potential market impact following the approval of a spot BTC ETF. BTCETF is designed with unique token economics to reduce supply, potentially increasing scarcity and value over time.

One of its key features is a burn mechanism designed to burn up to 25% of total supply as important ETF approval milestones are achieved. Additionally, a 5% transaction tax will be implemented and gradually reduced by 1% at each milestone to provide incentives for long-term holders.

Another aspect is the staking protocol that allows BTCETF token holders to earn up to 179% APY. Despite being in the pre-sale stage, the project received significant early interest and raised over $1.7 million in funding.

During the pre-sale phase, investors can acquire BTCETF tokens for $0.0056 each, but this price may increase soon. The project aims to attract early supporters by listing on multiple exchanges after the pre-sale, potentially considering an initial investment at a strategic starting price point if the momentum continues.

Although Bitcoin remains the most important cryptocurrency globally, the Bitcoin ETF token provides a speculative opportunity for investors looking to leverage the BTCETF spot acceptance.

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