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Ripple Moves 100,000,000 XRP, Sends 19,700,000 to Bitso

Lele Jima
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Ripple Moves 100,000,000 XRP, Sends 19,700,000 to Bitso

An address belonging to blockchain payment firm Ripple shuffles 100 million XRP, transferring 19.7 million tokens to crypto exchange Bitso.

Leading crypto tracking service Whale Alert indexed the transaction in a tweet yesterday, emphasizing that the 100 million XRP was worth $57.92 million at the time of the transfer.

Transaction Details 

Data from Bithomp shows that the sending wallet, rP4…xv3, moved the 100 million XRP to the wallet rhW…2hk, with both addresses tagged as unknown by the XRP Ledger explorer.

Notably, the sending wallet has been active throughout this week, moving huge chunks of XRP to different addresses. One notable transaction occurred on September 17, when the address transferred 50 million XRP to the same recipient address. 

At the time of writing, the sending wallet boasts a balance of 50.181 million XRP. Although Whale Alert labeled the sending address as unknown, data suggests that the address has an affiliation to Ripple. 

Dump Incoming? 

In the meantime, the large whale activity has triggered fresh concerns among XRP enthusiasts, with some users speculating that the recipient wallet could dump the tokens soon. 

These concerns are gradually becoming a reality as data from Bithomp confirms that the owner behind the wallet has started making big moves. A few minutes after receiving the 100 million XRP, the address moved 19.957 million XRP to another Ripple wallet. 

Interestingly, shortly after receiving these tokens, the Ripple wallet moved the 19.957 million XRP tokens to two different exchanges. Notably, Ripple first transferred 19.7 million XRP to the Bitso exchange, then moved 257,000 tokens to Bitstamp six minutes later

XRP Whale Transactions

Meanwhile, The Crypto Basic has reported several XRP-related whale transactions since the beginning of this month. In particular, on September 5, we reported that an unknown whale deposited 95 million XRP to Binance. Another whale transferred 105 million XRP to an unlabeled address two days later. 

In the meantime, XRP is currently trading at $0.5858, representing a surge of 9.09% in the weekly charts. The seventh-biggest cryptocurrency has also staged a slight rally of 1.98% in the past 24 hours. 

Here’s What the Fed’s 0.5% Rate Cut Could Mean for Bitcoin

Sam Wisdom Raphael
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Here’s What the Fed’s 0.5% Rate Cut Could Mean for Bitcoin

Market observers watch out for the potential impact of the recent Federal Reserve 50 bps rate cut on Bitcoin and the broader crypto market.

The Federal Reserve recently reduced interest rates by 50 basis points (bps), bringing the target range down to 4.75%–5%. This aggressive move, marking the first cut in four years, has triggered discussion on the potential impact on financial markets, particularly cryptocurrencies like Bitcoin. 

Traditionally, rate cuts create favorable conditions for riskier assets, but the current macroeconomic environment is a bit more complex, making it unclear how exactly this will influence the crypto space.

The Historical Relationship Between Rate Cuts and Bitcoin

Bitcoin has a history of thriving during periods of lower interest rates, as confirmed by a recent disclosure from Lookonchain. 

For instance, between early 2020 and late 2021, when the Federal Reserve slashed rates to near zero to mitigate the effects of the COVID-19 pandemic, Bitcoin experienced one of its most impressive bull runs. 

During this time, the price of Bitcoin spiked from around $3,850 in March 2020 to its all-time high of $69,000 by November 2021. This surge was driven by easy access to capital, heightened risk appetite, and a weakened U.S. dollar, which tends to make Bitcoin more attractive to investors.

Lower interest rates typically reduce the appeal of traditional safe-haven assets like bonds, which offer lower yields. In contrast, Bitcoin and other cryptocurrencies gain more interest from investors seeking higher returns in a low-rate environment. 

A Different Market in 2024

However, the economic condition in 2024 differs from 2020-2021. While the rate cut may stimulate some renewed interest in Bitcoin, the broader context is far different than in previous years. 

In contrast to the stimulus-heavy environment of the pandemic, the Federal Reserve has spent much of 2022 and 2023 hiking rates to combat inflation, and inflationary pressures remain a concern. 

During the rate-hiking cycle that began in early 2022, Bitcoin’s price fell from its 2021 peak, struggling to maintain momentum as higher borrowing costs and rising inflation reduced liquidity in the market. 

As interest rates rose, investors pulled away from speculative assets like Bitcoin and opted for safer, interest-bearing investments.

Now that the Federal Reserve has pivoted back to rate cuts, there is cautious optimism about the potential for Bitcoin to rally once again. However, some analysts have advised caution amid the bullish sentiments.

One key difference is that interest rates, even after the cut, remain well above the near-zero levels seen during the pandemic. Furthermore, the crypto market has matured since 2020, with more institutional investors who are likely to adopt a more conservative approach.

Possible Concerns of a Recession

In addition, the latest rate cut is more aggressive than the popularly projected 25 bps rate. Notably, in 2001 and 2007, when the Federal Reserve cut interest rates by at least 0.5%, the S&P 500 collapsed as risk assets dropped, unemployment rate spiked and the economy entered a recession.

In the short term, the rate cut could provide some relief to Bitcoin and the broader crypto market. A weaker U.S. dollar and lower interest rates generally boost investor appetite for alternative assets. Interestingly, BTC has gained 2.75% in the past 24 hours, briefly retesting the $62K level.

However, expectations of a dramatic bull market, like the one seen in 2020-2021, should be tempered. Notably, should investors become anxious of an incoming recession due to the higher rate cut, they could derisk their positions, leading to a crash in risk assets. 

Here’s How Much Holding Only 5M, 10M, or 30M Shiba Inu Would be Worth If SHIB Hits $1 as Predicted by Top Exchange

Lele Jima
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Here’s How Much Holding Only 5M, 10M, or 30M Shiba Inu Would be Worth If SHIB Hits $1 as Predicted by Top Exchange

People holding 5 million, 10 million, or 30 million Shiba Inu today could see their financial status change if SHIB hits $1 as this top exchange project.  

Despite the relief rally across the market, Shiba Inu has continued to trade around the $0.000013 territory. Currently, Shiba Inu changes hands at $0.00001373, representing a slight increase of 1.47% in the past 24 hours. At the moment, Shiba Inu is down 69.48% from its yearly peak price of $0.000045, attained on March 5. 

CoinW Hints at Shiba Inu’s Potential Surge to $1 

However, many investors believe in Shiba Inu’s prospects amid the numerous bullish projections around its price action. Notably, leading crypto exchange CoinW made one of the most daring predictions.  

As reported earlier, CoinW hinted that Shiba Inu could surge to $1. The exchange made the projection through a poll, requiring its community to predict which would happen first among a series of bold predictions. They include Shiba Inu surging to $1, Bitcoin hitting $100,000, and XRP to $1, among others. 

Apparently, the Shiba Inu forecast stood out as the most audacious, as it required SHIB to surge 7,283,221% from the current price. 

Return for Holding 5M, 10M, or 30M Shiba Inu When SHIB Hits $1

Given the magnitude of CoinW’s prediction, we evaluated how much a portfolio of 5 million, 10 million, or 30 million SHIB would be worth if Shiba Inu hits $1 as projected. Notably, investors who do not own SHIB can scoop the tokens at discounted prices. 

At the current price of $0.00001373, 5 million Shiba Inu tokens cost a paltry $68.65. If Shiba Inu hits CoinW’s projected price of $1, these 5 million tokens would be worth $5 million, marking an ROI of 7,283,221%. 

Additionally, investors can purchase 10 million Shiba Inu tokens at $137.3 at the current price. Should Shiba Inu reach CoinW’s projected price of $1, this 10 million SHIB portfolio is expected to hit $10 million.

Lastly, purchasing 30 million Shiba Inu tokens today would require a capital of $411.9. Although these 30 million tokens would cost $411.9 today, their value would surge to $30 million if SHIB hits $1.

While this outlook looks promising, it is crucial to note that nothing is certain in the crypto market. In the meantime, the market has continued to be at the mercy of external factors like global politics and macroeconomic events, leading to huge drawdowns since March. Hence, this article should be digested for informational purposes rather than financial advice. 

Possible Timeline for SHIB’s Surge to $1 

Meanwhile, according to our research, not many prediction platforms have issued a timeline for Shiba Inu’s surge to $1. However, Telegaon believes the $1 prediction is a realistic target and that Shiba Inu could hit the milestone by 2050. 

Specifically, Telegaon expects Shiba Inu to hit a maximum target of $1.06 by the year 2050, almost three decades from now whether Shiba Inu could surge 7,283,221% to $1 by 2050 remains to be seen. 

Nonetheless, it is imperative to note that Shiba Inu has achieved significant rallies in the past, especially in the 2020/2021 market cycle, when its price rose by over 157,000,000% to an all-time high of $0.00008845. Ever since, Shiba Inu has welcomed new and exciting utilities. 

These utilities come in the form of projects like Shiba Eternity and Agent Shiboshi (games), Shibarium (L2 blockchain), ShibaSwap (decentralized exchange), SHIB: The Metaverse (metaverse), Shib Marketplace (NFT trading platform), Shib DAO (decentralized governance), and ShibTorch (automated burn portal), among others. 

Here’s XRP Price if Total Crypto Market Cap Hits $12 Trillion

Sam Wisdom Raphael
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Here’s XRP Price if Total Crypto Market Cap Hits $12 Trillion

XRP price could push toward its all-time high if it maintains its dominance at a global crypto market cap of $12 trillion.

The global crypto market capitalization has grown since the launch of the premier crypto asset Bitcoin. This impressive growth is due to two factors: the launch of new assets bringing additional capital to the market, and the increase in the prices of existing ones as a result of new capital flowing into them.

The Global Crypto Market Cap

Market data confirms that the global crypto market cap collapsed to a low of $2.12 billion in February 2015. However, as at January 2018, the market had grown to $761 billion. Following years of upswings and declines, the global crypto market cap now stands at $2.098 trillion.

Meanwhile, XRP’s market cap, which continued to grow alongside the rest of the crypto market from 2014 to 2018, suddenly dipped due to price challenges. XRP’s market cap rose to $128.48 billion in January 2018, bringing XRP’s market dominance near 18%. 

Nonetheless, as the crypto market grows, while XRP underperforms, XRP’s market dominance now sits at 1.57% amid a market cap of $33 billion. However, it appears XRP has continued to pick up the pace now that it is rid of its regulatory challenges. 

XRP Price if Crypto Market Cap Hits $12T

If XRP maintains this market dominance, its price could reach unprecedented levels when the global crypto market grows bigger. But, in such a scenario, how far XRP price could go would depend on the growth extent of the broader market. Industry commentators have set varying targets.

For instance, the Ripple CEO Brad Garlinghouse projected that the global crypto market could hit $5 trillion by the end of the year. Interestingly, Cardano Bull Dan Gambardello recently asserted that the market could grow to the $12 trillion mark by 2026.

If XRP maintains its market dominance when the crypto market reaches $12 trillion, XRP’s market cap would stand at $188.4 billion. This represents a 488.75% increase from the current valuation of $32 billion. 

Notably, XRP boasts a circulating supply of 56.38 billion tokens. Given its inflation rate of 200 million tokens each month, this circulating supply would rise to 59.38 billion by 2026. With a $188.4 billion market cap and a circulating supply of 59.38 billion, XRP price would rise to a mere $3.17, a few cents below its all-time high of $3.31.

While some proponents might argue that this price looks underwhelming for XRP by 2026, predictions from crypto exchange platform Changelly are less bullish. Interestingly, Changelly analysts expect XRP to cross the $3 mark in 2028, two years after 2026.

XRP Price Prediction Changelly
XRP Price Prediction | Changelly

With XRP price currently trading for $0.5861, it would need to rally by 428% to reach the $3.1 target. Multiple analysts believe it could achieve this feat within a shorter timeframe. For instance, crypto YouTuber Levi Rietveld recently predicted XRP price to reach $40 in months. 

Ethereum Bull Takes a Massive $49M Hit from Longing ETH/BTC

Albert Brown
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Ethereum Bull Takes a Massive $49M Hit from Longing ETH/BTC

Ethereum investor James Fickel, known for his long-standing bullish sentiment on ETH, has suffered considerable losses from the long ETH/BTC trading pair.

Recent transactions show that Fickel exchanged 11,584 ETH for 450 Wrapped Bitcoin (WBTC) valued at $27 million at a price of 0.03881. This follows a string of trades that have resulted in significant losses. His portfolio is currently under pressure due to a decline in the ETH/BTC rate.

Fickel’s losses have recently mounted, exceeding 21,000 ETH or $49 million from his long position on the ETH/BTC pair. In addition, he still holds a $78.8 million debt in WBTC on Aave, adding further strain to his portfolio.

Previous Transactions and Borrowing on Aave

Fickel’s trading strategy involved borrowing large sums of WBTC to exchange for ETH. Between January 10 and July 1, he borrowed 3,061 WBTC, valued at $172 million, from the Aave platform.

He exchanged the borrowed WBTC for 56,445 ETH at a rate of 0.05424, attempting to capitalize on favorable market conditions. However, the continued decline in Ethereum’s performance relative to Bitcoin has caused substantial losses in his trading positions.

In August, Fickel continued his strategy by using 12 million USDC to buy 211 WBTC and exchanging 16,000 worth of ETH for 671 WBTC, priced at $39.9 million, at a buying rate of 0.042. These trades were primarily executed to repay his existing debt on Aave.

Analysis shows that aside from his losses, he is nursing a debt of around 2,196 WBTC or $132 million on Aave.

Portfolio Overview and Market Impact

As of this press, Fickel’s portfolio is valued at approximately $248.9 million, reflecting a short-term dip of 0.44%. His assets are almost entirely based in Ethereum, with a significant portion allocated to Aave V3.

Despite holding assets across various DeFi platforms like LIDO, Curve, and Harvest, his portfolio remains heavily influenced by the ETH/BTC trading pair.

On Monday, the ETH/BTC rate had fallen below 0.04, reaching its lowest point since April 2021. This marks a continued downtrend that began in September 2022. Observers attribute the decline in the ETH/BTC pair to a combination of technical and fundamental factors.

Future Outlook for Altcoins

Industry analysts have noted that Ethereum’s performance could have broader implications for the altcoin market. As Ethereum struggles against Bitcoin, some experts, like Benjamin Cowen, suggest that altcoins may follow a similar downward trajectory. 

Historical patterns show that altcoins often move in tandem with Ethereum. As the ETH/BTC is at a bottom price, with further declines projected, it could signal potential corrections in the broader altcoin market.

CryptoQuant Indexes 6 Straight Days of Bitcoin Whale Accumulation from Custody Wallets

Sam Wisdom Raphael
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CryptoQuant Indexes 6 Straight Days of Bitcoin Whale Accumulation from Custody Wallets

CryptoQuant highlights six consecutive days of sustained Bitcoin accumulation by whale addresses, especially custody wallets.

This bullish accumulation trend comes amid the ongoing market uncertainty that has seen Bitcoin constantly battling the $60K region. Notably, over the past three weeks, Bitcoin has oscillated between a high of $61,331 and a low of $52,546 as the bears and bulls battle for dominance.

Bitcoin Whale Accumulation Spikes

Interestingly, during this period of uncertainty, more convicted whale players have continued to accumulate more tokens. According to a recent disclosure from CryptoQuant chief Ki Young Ju, a CryptoQuant alert bot has sent out six accumulation alerts pertaining to whale addresses over the past six days.

He further confirmed that most of the addresses involved in this buying spree are custody wallets. The CryptoQuant CEO asserted that the Bitcoin bullish sentiment has not particularly changed, given the current accumulation trend. He stressed that the market is still within a bull phase despite the ongoing consolidation.

Notably, on-chain data corroborates the disclosure from Ki Young Ju. Data shows that the Bitcoin Permanent Holder Demand has spiked rapidly over the past week, with multiple alerts of accumulation triggered by this metric within this period. This trend represents the largest historical cluster recorded in the market.

Interestingly, the Permanent Holder Demand shows a surge in addresses accumulating Bitcoin amid the sustained rally from January of this year to March, reaching a high of 56.5K. However, as Bitcoin collapsed from the all-time high above $73K in mid-March, this figure continued to drop.

As of May 6, there were only 970 accumulating addresses. Nonetheless, a recovery emerged as market sentiments improved despite the turbulence. The surge has only picked up in recent times amid bullish Bitcoin price predictions, reaching a high of 28.57K addresses today.

Bitcoin Needs to Breach $61K

The spike in whale accumulation is typically a precursor of a price rally, as historical data confirms. This has triggered Ki Young Ju’s sentiments that the market is still in a bull phase. With Bitcoin now trading for $59,523, its Relative Strength Index (RSI) holds steady at 52, suggesting potential for further upside momentum. 

At the current position, Bitcoin’s immediate resistance stands at the $61K region. A confident break above this level could allow the bulls push toward the next resistance at $66,498. However, on the downside, BTC needs to hold above $58,037 to hedge against any further drops during a market correction.

Revolut to Expand Crypto Offering With Stablecoin Venture

Mark Brennan
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Revolut to Expand Crypto Offering With Stablecoin Venture

Financial technology giant Revolut has become the latest traditional bank to venture into stablecoin issuance.

Revolut is nurturing plans to expand its cryptocurrency offering by exploring stablecoins, four people familiar with the development informed Coindesk. The fintech giant becomes the latest in its line of business to venture into stablecoin issuance after Ripple, BitGo, and PayPal.

Notably, the persons familiar with the plan noted that the stablecoin venture is still in its infant stages. They said it would take a while for the enterprise to come to fruition.

Revolut Wary of Regulators

A hurdle Revolut would cross before the launch would be regulatory approval. The persons familiar with the issue noted that the neobank is taking its time before leaping into the sector to ensure full regulatory compliance.

Revolut intends to ensure that its venture is compliant with guidelines governing the sector before launch. This is to avert future clampdowns from regulators and ensure that its stablecoin is a safe haven for investors.

Speaking in an email, a Revolut spokesperson stated that offering crypto services was at the core of the firm’s effort to enhance the banking system. The representative indicated that Revolut aims to become the “safest and most accessible” provider of crypto-related services.

Notably, Revolut’s venture came more than a year after PayPal launched its PYUSD stablecoin. The PayPalUSD is issued by Paxos and is capped at $732 million.

The stablecoin market is largely dominated by Tether’s USDT, which is capped at $119 billion. The issuer controls almost 70% of the entire stablecoin cap, with Circle’s USDC holding 20% of the remaining market size.

Revolut’s Crypto Ventures

The UK-based payment giant has increasingly shown susceptibility to the cryptocurrency industry. In May, the leading fintech announced the launch of Revolut X, a crypto trading platform for over 100 assets, including Bitcoin, Ethereum, and XRP.

The trading platform charged users a zero maker fee and a 0.09% taker fee, which is a very competitive transaction fee among its rivalries. Notably, Revolut has a valuation of $45 billion.

In August, Ledger integrated Revolut into Ledger Live, allowing users to buy cryptocurrency through Revolut’s on-ramp service, Revolut Ramp. The partnership added Revolut as a buy provider for Ledger users in 27 European Economic Area (EEA) countries.

Cardano Founder Taps Gemini Exchange to List ADA

Abdulkarim Abdulwahab
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Cardano Founder Taps Gemini Exchange to List ADA

Cardano founder Charles Hoskinson has called on prominent U.S. exchange Gemini to list the ADA token.

Hoskinson made this call, albeit in a lighthearted manner, during his appearance at the ongoing Token2049 conference in Singapore. This annual conference brings together leaders and decision-makers of the crypto industry to deliberate on forward-thinking ideas.

At the event, Hoskinson stopped by Gemini’s dedicated booth, using the opportunity to remind the exchange that they have yet to list the ADA token. “When ADA?” read a placard Hoskinson held prominently at Gemini’s booth.

Gemini Yet to List ADA

Cardano (ADA) is a $11.84 billion-valued crypto asset, ranking as the 11th-largest crypto project in the market. Until last month, ADA was among the top ten most valuable cryptocurrencies. It is also one of the most heavily traded assets, with an army of over 3.5 million holders.

Recently, the Cardano blockchain underwent its most significant technical upgrade to date, which was widely supported by top exchanges like Binance.

However, despite ADA’s prominence, Gemini has yet to support the token. Currently, the exchange only offers real-time market data and some historical background on Cardano.

While community members have repeatedly called for Gemini to list ADA, the exchange clearly states it does not yet support the asset on its website.

Gemini Yet to list ada
Gemini Yet to List ADA

Now that Hoskinson has joined the movement, it remains to be seen whether Gemini will finally heed the call and list ADA.

Notably, Gemini is not the only major exchange that has yet to enable trading for ADA. Robinhood, for instance, also offers market data for ADA but does not support buying and selling. Nonetheless, these platforms support assets much less prominent than ADA.

The specific reasons preventing them from supporting ADA remain unclear. While regulation might seem to be a factor, it becomes paradoxical when observing that tokens like Solana (SOL) and Filecoin (FIL)—which the SEC has categorized as securities alongside Cardano—are traded on Gemini, whereas ADA is not.

Trader Turns $800 into $400K with Solana Memecoin Moo Deng

Albert Brown
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Trader Turns $800 into $400K with Solana Memecoin Moo Deng

A crypto trader saw massive returns after investing in Moo Deng (MOODENG), a meme coin inspired by a baby hippo.

A trader experienced an extraordinary return on investment after leveraging the growing interest around Moo Deng (MOODENG), a meme coin named after a baby pygmy hippo. The crypto trader saw their $800 investment transform into $400,000 within just seven days. 

Initial Moo Deng Investment

The investment was made on September 10, when the trader traded the MOODENG/SOL pair on Raydium, a decentralized exchange (DEX) built on the Solana blockchain. The trader initially swapped 6 SOL, worth around $774 per the current price, for MOODENG tokens. 

The rapid appreciation of the investment, as reported by blockchain analysis platform Arkham, occurred over a short span, culminating in a $400,000 value by September 17. 

From Meme to Market Surge

Notably, MOODENG derives its name from a baby pygmy hippo at Thailand’s Khao Kheow Open Zoo. The hippo’s rise to internet fame has driven the coin’s popularity, as the creature became an online sensation through viral memes. 

The coin’s creators have capitalized on this trend, following in the footsteps of other successful meme coins launched on Solana. Notably, Solana has seen a surge in meme coin projects, with tokens like dogwifhat (WIF) gaining significant attention. Several investors have leveraged this growing trend to secure similar gains from other meme coins such as SILLY.

MOODENG’s Current Market Activity

At this writing, the MOODENG/SOL DEX pair trades at approximately $0.01657 on Raydium. Over the past 24 hours, the price of the MOODENG/SOL pair has risen by 77.51%, with a peak price of $0.02417 and a low of $0.01441. 

This period saw a trading volume of $10.78 million, with 27,261 buy transactions and 15,865 sell transactions recorded. Additionally, the volume of buy orders reached $5.42 million, slightly surpassing the $5.36 million in sell orders.

TON Price Rally Ahead? Key Levels As USDT Issuance On TON Chain Hits $1B

Mark Brennan
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TON Price Rally Ahead? Key Levels As USDT Issuance On TON Chain Hits $1B

TON, a fast-rising cryptocurrency powered by blockchains, has caught everyone’s attention after its USDT issuance on the blockchain TON crossed the $1B mark. This milestone has created excitement about a potential price rally for TON.

This article will discuss the implications of these events for the TON crypto market and the opportunities for holders to buy TONCOIN. Whether you’re a newbie or a seasoned crypto enthusiast, we’ll break down what’s next for TON and how it may perform.

Minotaurus ($MTAUR): A High-Potential Addition for TON Portfolios

A growing number of holders are looking to buy TON crypto, driven by the strong performance of the network. We’ll break down its appeal further down the line. Before we turn to the more volatile, non-presale options, we’d like to look at other emerging prospects that might match or exceed the potential of TON. One such project is Minotaurus ($MTAUR), a fresh presale. Entering the casual gaming space, valued at $14.78 billion and expanding annually by 9% (Statista), this project seems set for a huge value explosion.

Currently, it offers $MTAUR tokens for $0.00005953 per coin. The price is set to reach $0.00020 post-listing, hence today’s buyers might save around 70%. Based on the current pricing, you might get ~236% after the listing. Within the ecosystem, the $MTAUR token has actual worth. Players may swap it for in-game currency to receive benefits such as goods, boosters, and power-ups, thereby gaining an advantage. Additionally in place to encourage $MTAUR holders further are vesting and referral incentives.

MTAUR USDT Stage 8
MTAUR USDT Stage 8

Crypto Market Watch: TON Coin Price Rally as TON Chain USDT Issuance Tops $1B

As the blockchain expands, the price of TON Coin has become a focal point for holders. At the moment, TON is available at $5.53, with a 24-hour high of $5.59 and a low of $5.42. The TON Coin crypto market shows promising trends, with the recent USDT issuance milestone adding momentum to the potential rally.

Toncoin Chart 18th September 2024
Toncoin Chart 18th September 2024

In addition to the value movement, the number of active addresses on TON’s blockchain has seen substantial growth. As of September 7, 2024, TON recorded a peak of 3.9 million active addresses and 2.24 million new addresses, a significant milestone that further highlights the network’s increasing popularity. This surge in activity has led to more transactions, with TON daily transactions reaching an all-time high of 11.27 million on the same day, demonstrating the growing demand for TON in the crypto market.

TON Crypto Market
TON Crypto Market

There is increasing confidence, with market activity reflecting strong interest in TON blockchain price movements. As demand grows, the outlook for TON Coin becomes more positive, in line with projections for several other high-promise coins. For example – Cardano (ADA) and Ripple (XRP).

TON Cryptocurrency on the Rise: Key Price Levels for TON Coin Amid Market Rally

The altcoin continues to outperform expectations, with its price sitting comfortably above $5.50. If TON surpasses the $5.80 resistance level, we may see a significant price rally. Data shows that TON has experienced a 24-hour price change of 0.57%, reinforcing confidence that a rally could push TON’s price even higher.

Toncoin Tether 18th September 2024
Toncoin Tether 18th September 2024

As the number of active addresses keeps growing—it recently reached 64.49 million—and more transactions are happening on the network, TON is really making a name for itself as a big player in the cryptocurrency space. Experts are advising investors to keep a close eye on TON Coin as it approaches critical levels.

Will TON Coin Surge? Crypto Analysts Predict Price Rally as USDT Issuance Exceeds $1B

With crypto TON price currently trending upward, many crypto analysts are optimistic about the coin’s future. As TON blockchain activity grows and more liquidity enters the ecosystem, holders are anticipating a TON price rally. Some experts believe that the coin may even surpass $6 in the near future, particularly as TON gets more visibility in the cryptocurrency market.

Toncoin Tether OKX
Toncoin Tether OKX

For those looking to buy crypto TON, now may be an opportune moment, as the price looks set for continued growth. The rally could be driven by increased USDT circulation and ongoing network developments. With predictions of further price surges, now is the time to consider TON before the market fully responds to these developments.

Conclusion:

The recent $1B USDT issuance on TON’s blockchain has undoubtedly set the stage for a potential price rally. As more liquidity flows into the TON ecosystem,the rally may just be the beginning. For those interested in buying TON, the current price levels provide a promising entry point. The same is truth about Minotaurus ($MTAUR), the presale that is set to thrive in the booming casual gaming niche.

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