Bitcoin price recovery to $62.5K could trigger breakout in TON, AVAX, KAS and XMR
Bitcoin's recent weakness has pulled several altcoins lower, but TON, AVAX, KAS and XMR look set to move higher.
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Bitcoin's recent weakness has pulled several altcoins lower, but TON, AVAX, KAS and XMR look set to move higher.
The cryptocurrencies Ethereum (ETH), Solana (SOL), Binance (BNB), XRP, and Toncoin (TON) showcased notable increases in open interest this June. Their growing interest suggests they might offer promising returns next month.
Altcoins see another week of rocky trading, while traders are viewing Bitcoin price dips as a buying opportunity, as seen from the fresh inflows into the spot Bitcoin ETFs.
The crypto market has grown immensely for some time now and continues to, resulting in the emergence of new altcoins every day. Filtering the ones in which you should invest your efforts and money has thus become a difficult task.
The short-term trends for the cryptocurrency markets look shaky, although the potential for relief remains. Bitcoin (BTC) is struggling to move past the $62,200 and $62,400 levels.
Ripple is fast approaching the oversold zone on its price chart, which could help it with the correction it needs.
Looking at the top crypto rankings, there are few altcoins in the green over the past week. However, Toncoin ($TON), Kaspa ($KAS), and Injective Protocol ($INJ) are among the few top-rated altcoins that have been gaining over the last seven days.
Toncoin price reached $7.72 on June 25, up 14% in the last 7-days, rising USDT deposits on the TON network could trigger more gains in the days ahead.
Bitcoin is likely to extend its stay inside the range as traders buy the dips under $60,000.
Toncoin Price Analysis. TON, the native cryptocurrency of the Toncoin Network, has exhibited a trend contrary to the broader market.
Ethereum , the second most popular cryptocurrency after Bitcoin, continues to draw significant attention. Known for its versatile blockchain platform, Ethereum supports a wide range of decentralized applications and smart contracts.
According to IntoTheBlock data, Toncoin (TON) has triggered an astonishing 306% increase in large holder transaction volume, which denotes whale activity.
Tether's USDT supply is growing at its fastest rate on the Telegram-linked The Open Network (TON) blockchain. According to Tether's transparency page, the stablecoin issuer has issued $580 million worth of USDT tokens on the blockchain, and its net circulation sits at $519 million as of press time.
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Tether's USDT stablecoin has undoubtedly taken off on the Open Network (TON), having seen a recent surge in activity. Beyond USDT's success, the TON blockchain itself is experiencing explosive growth.
The Bitcoin (BTC) price had rebounded above the $62,000 mark. However, traders are unsure if the cryptocurrency's downturn is over.
The Telegram-linked blockchain network has recently soared in popularity alongside in-app mini-games and native cryptocurrency.
Toncoin is probably the biggest dark horse the cryptocurrency market has ever seen. The asset has shown enormous growth since the beginning of the year and still maintains an unbreakable uptrend despite Bitcoin's drop below $58,000.
Despite recent downturns in the cryptocurrency market, several digital assets show strong potential for significant growth in the coming months. As the global cryptocurrency market cap stands at $2.4 trillion with a 2.9% increase in the last 24 hours, certain cryptocurrencies present promising investment opportunities.
TON and Solana are firmly established among the top coins and tokens. Each has a thriving audience and well-known bot activity.
The Bitcoin (BTC) price fell as low as $58,474 on Monday as it shuttled between its support and resistance levels. BTC has been gradually falling towards its support level after failing to break past resistance.
Bitcoin price descends to $60,000, but will traders buy the dip in BTC and altcoins?
Toncoin leapfrogs Dogecoin for the CMC eighth spot as $300B vanishes from the total crypto market cap.
Telegram crypto is defying the Q2 market dip, with Toncoin (TON) leading the charge. This surge has prompted many investors to ask, “is Toncoin the next Solana?”