TON's short-term losses have shrunk, signaling improving sentiment. Is there more?
Crypto markets endured $75 billion losses in reacted to the $1.4 billion hack on ByBit, derivatives markets data shows traders are placing large bets on BGB, TON, and XMR for an early rebound. Top 20 Cryptocurrencies in Red Despite Bybit Hack Response After a week of steady gains, the cryptocurrency market plunged on Friday following
Toncoin (TON) has stood out in the cryptocurrency market, maintaining a resilient position despite recent weakness in broader altcoins. While many cryptocurrencies have experienced significant drops, TON has remained near its all-time high, showcasing strength and offering hope to investors.
TON's Sharpe Ratio and NRM indicate a low-risk accumulation zone, while an inverse head-and-shoulders pattern and rising long positions suggest a potential breakout and bullish momentum ahead.
The cryptocurrency market remains bullish today, according to CoinStats.
"TAO is part of my personal portfolio and I'm up on it," one popular analyst said.
Bittensor (TAO) has caught the attention of cryptocurrency enthusiasts and traders this week, experiencing a remarkable price surge of 33%. In just the past 24 hours alone, the altcoin has gained 15.61%, reflecting a strong upward momentum.
In the ongoing market recovery, TAO, the native token of Bittensor, appears bullish and is poised for a massive upside rally due to its strong price action. With two big green candles, TAO has recently broken out of a strong descending trendline that it has been facing since the beginning of December 2024.
Bittensor's (CRYPTO: TAO) recent surge comes as an announcement that Coinbase will soon support Bittensor generates buzz on social media. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Bittensor (CRYPTO: TAO) $454.58 $3.81 billion +9.5% +20.7% NEAR Protocol (CRYPTO: NEAR) $3.41 $4.04 billion +8.9% +2.9% Internet Computer (CRYPTO: ICP) $7.09 $3.4 billion +3.4% +0.6% Trader Notes: Industry expert Quinten Francois predicts TAO to reach $640 and not even a "rugpulling president can do anything about that.
TAO's breakout is driven by rising interest, positive technical indicators, and the Coinbase listing.
Thanks to the liquid staking protocol Tonstakers.
Despite the ongoing market turmoil, the Bittensor price has maintained its bullish outlook, indicating an increase in the buying sentiment. Moreover, this altcoin has gained the market spotlight with its impressive price rally of over 33% this week.
Toncoin (TON) has recently experienced a decline in its Total Value Locked (TVL), signaling reduced network activity. However, contrary to this decline, staking participation has surged, suggesting a potential shift in investor behavior that could lead to a more stable and growth-oriented future for the blockchain.
Despite a decline in TON's TVL, staking participation and rising active addresses suggest a shift toward stability and growth.
The Bittensor price has surged to an intraday high of $430.4 following Coinbase's announcement to list TAO cryptocurrency.
Coinbase's potential TAO listing could boost decentralized AI network growth and influence token market dynamics, pending liquidity conditions. The post Coinbase to list Bittensor's TAO token tomorrow appeared first on Crypto Briefing.
Coinbase announced the listing of Bittensor (TAO), causing a 17% jump in its token price. The asset's value has been fluctuating dramatically throughout the past month, but it appears to be back on a bullish course.
Bittensor price rose sharply on Feb. 19 after crypto exchange Coinbase announced the listing of the native token of the decentralized artificial intelligence network.
Toncoin price has crashed and entered a bear market after peaking at a record high of $8.27 in June 2024. Toncoin (TON) has dropped by 57% to $3.
The crypto market has sharply declined over the past 24 hours, with its total market capitalization dropping by $32 billion.
Toncoin (TON) has been under intense scrutiny lately, with its price action experiencing significant fluctuations. However, recent indicators suggest that TON may be approaching a turning point, with a potential price rebound on the horizon.
The Open Network has evolved into a thriving web3 ecosystem with $193M TVL and $1.28B in stablecoins. Factorial Finance prepares to launch USDT borrowing against TON on February 19.
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Bears are controlling the situation on the market today, according to CoinStats.
Bitcoin (BTC) registered a drop late on Monday, falling from $97,000 to $95,243 before rebounding and settling just above $96,000. The flagship cryptocurrency registered another slump during the current session, falling to a low of $95,189 before recovering and moving to its current level.
With reduced selling pressure and improved risk metrics, TON's market dynamics may soon shift towards recovery.
The TON Blockchain ecosystem continues its expansion thanks to the $5.75 million investment from TVM Ventures.
Toncoin (TON) has been experiencing some fascinating technical developments lately, most notably a significant drop in its volatility. With Bollinger Bands squeezing tightly on its 12-hour chart, this reduced fluctuation could signal an impending price move — but will it be in a positive direction?
After a steady decline, Toncoin (TON) has seen a slight price increase over the past day, rising by 1.7% to $3.85. This movement comes amidst ongoing discussions about its longer-term performance and accumulation trends.
The supply distribution chart showed that addresses with small holdings (100 TON or fewer) have increased in number since October.
On-chain data shows the Toncoin investors are holding a significant amount of unrealized profit even after the recent bearish action in the asset's price. Toncoin Is Still Trading A Notable Distance Above Its Realized Price In a new post on X, the on-chain analytics firm Glassnode has discussed about the latest trend in a few indicators related to Toncoin.
Toncoin (TON) has faced a prolonged downturn, struggling to regain upward momentum after a tough week. Although it recently recorded a slight daily gain, the asset remains trapped in bearish territory, trading below the $4 mark.
Litecoin (LTC), Jito (JTO), and Bittensor (TAO) added between 17% and 22% to their values in the past seven days, according to CoinGecko data. Bitcoin's resilience and the market-wide recovery in crypto has paved the way for gains in altcoins.
The Toncoin DeFi ecosystem will experience a major boost on February 21 after Telegram, with 1 billion active users, adopts TON as the official blockchain infrastructure.
TON Chain is growing a new trend of digital collectibles, almost catching up with the volumes of Bitcoin ordinals. Telegram gifts became popular in the past three months, with the potential to mint as NFT using Telegram Stars.
Crypto traders have increased risky acquisitions in Toncoin following resilient price corrections. Generally, large investors utilize a crash in prices during the dip to purchase tokens, leading to a redistribution between retail and institutional investors.
The price of Toncoin (TON) has been falling as it approaches the bottom of the chart. Price analysis by Coinidol.com.
Dog-themed cryptocurrency Shiba Inu (SHIB) has reclaimed a higher spot in the crypto rankings, surpassing Toncoin (TON) in market capitalization as its price shows early signs of a potential rebound.
Airdrops have become a popular marketing tool in the cryptocurrency space, but they often introduce price instability. Notcoin, which launched last May, is a prime example.
OKX Ventures invests in Blum, an innovative trading app on Telegram, enhancing the TON ecosystem. Blum achieves significant milestones with 90 million users and a robust presence on DEXs.
Toncoin (TON), which once saw significant hype leading to consistent new highs, has struggled to regain upward momentum. After a series of steady declines in the past week, the asset's price has now slipped below the $4 mark, leaving investors concerned about its near-term potential.
Bittensor (TAO) has seen impressive price action recently, breaking out of a key descending wedge pattern and surging by 10.56% in just 24 hours to trade at $428.93. This breakout has caught the attention of investors, as it signals a potential bullish trend for the altcoin.
Toncoin (TON) is currently trading at $3.80, which has raised discussions among investors and traders alike about whether this is an undervalued opportunity or merely a potential bull trap. With its price significantly down from recent highs, Toncoin is signaling a possible rebound.
Amid the ongoing market turmoil, the Toncoin price has continued to lose value this year. This indicates a strong bearish sentiment for the altcoin in the crypto space. Further, with consolidated price action, this altcoin has repeatedly failed to reclaim the $4 mark.
Bittensor (TAO) jumps 17% as Elon Musk makes a $97.4B OpenAI bid! AI cryptos rally—Will TAO break $437 resistance? Read the latest market analysis. The post Bittensor Price Skyrockets as Elon Makes a Move on OpenAI – Are AI Tokens About to Explode? appeared first on Cryptonews.
Bitcoin dipped below $95,000 early in today's trading as a key support level crumpled. The flagship cryptocurrency is struggling to reclaim $96,000 and is currently trading around $95,450.
TON's price has dropped to $3.80 amid decreased trading volume and network activity, even as the protocol prepares for exclusive integration with Telegram's blockchain mini-apps on February 21, 2025.
TAO's breakout, strong sentiment, and rising development activity could be key for its price action.