Lưu trữ cho từ khóa: Toncoin

DeFi

DOGS get listed on Bitget’s PoolX platform, short traders expect downfall

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DOGS, the recently launched TON-based meme coin, has secured a listing on another popular crypto exchange while short traders continue to bet on its price fall.

According to a press release on Aug. 27, DOGS has been listed on Bitget’s PoolX platform following a successful pre-market phase that began on July 12.

The pre-market period generated significant trading activity and interest within the TON community, allowing early Bitget users to engage with DOGS before its wider release.

During this phase, Bitget also conducted a gas-free airdrop campaign, enabling users to claim DOGS tokens without incurring transaction fees. By connecting their accounts through the DOGS Telegram mini-app, participants could easily gain access to their tokens.

With DOGS now available on PoolX, users can stake USDT to enter a giveaway pool of 5 million DOGS, running until 9 AM UTC on Sept. 2.

PoolX on Bitget is a platform feature that lets users stake cryptocurrencies or participate in liquidity mining to earn rewards. By staking assets in PoolX, users can gain additional tokens or interest, offering a way to earn passive income without active trading. 

The DOGS token began trading on major centralized exchanges, including Binance, Bybit, OKX, Bitget, and Gate, on Aug. 26 at 12 pm UTC. Within the first 10 hours, the Telegram-native meme coin reached a market cap of $624 million, with a trading volume of $1.74 billion.

Following the launch of DOGS, Telegram Wallet and these crypto exchanges experienced temporary disruptions as millions of users flocked to trade the DOGS token.

The meme coin has since declined by 27% and continues to drop, according to hourly charts on CoinGecko. The memecoin was trading at $0.0012, with its daily trading volume at $1.67 billion.

According to Coinglass data, the total open interest for DOGS has seen a massive surge to $90.38 million, reflecting a massive increase in trader interest in the memecoin. This suggests that a large influx of new money is driving the price rally.

Additionally, market intelligence data reveals that the total funding rates aggregated by DOGS are at 0.0094%, indicating traders’ bullish sentiment on the continued rise in DOGS’s price.

However, an increase in open interest while the price falls typically reflects a bearish outlook, with traders expecting further declines in the cryptocurrency’s price.

At the time of writing, the token was also trending on Google and social media platforms like X and Telegram.

Meanwhile, analysts’ opinions are divided regarding the future of DOGS. Some express concern that distributing the token through airdrops could lead to immediate selling pressure, casting doubt on its long-term value.

Conversely, others believe in the potential of DOGS, citing strong community support and the broader trend of meme coins. They suggest that despite potential volatility, the token could maintain or even increase its value if the community remains active and supportive.

The launch of the Dogs token coincided with the arrest of Telegram founder and CEO Pavel Durov, who created the mascot “Spotty,” now synonymous with the DOGS token.

This development has galvanized the crypto community, leading to the emergence of the #FREEDUROV campaign, which has quickly gained traction across social media platforms. Some market observer suggest that a favorable outcome in Durov’s legal situation could potentially lead to bullish momentum for DOGS.

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Theo Crypto News

Bitcoin

Tron, Toncoin daily active addresses surge amid price fall

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The number of Tron and Toncoin daily active addresses saw an impressive rise on Monday, Aug. 26, leading the charts by a huge margin.

According to data provided by IntoTheBlock, the number of Tron (TRX) daily active addresses increased by 13% yesterday, leading the chart with 2.56 million unique active wallets. Data shows that the total number of non-zero TRX addresses is sitting at an all-time high of 110.78 million.

Toncoin (TON) secured the second spot after the number of daily active addresses increased by 79%, reaching a new ATH of 2.23 million, per data from ITB. The total number of non-zero TON addresses reached 43.82 million.

Tron and Toncoin are currently leading the chart by a big margin as Bitcoin (BTC) is sitting at the third spot with roughly 675,000 daily active addresses. This is mainly due to the increased usage of these networks while BTC stands as a store of value.

Despite the rise in the Tron and Toncoin active addresses, data from ITB shows that both tokens are seeing bearish on-chain signals. 

TRX declined by 2.8% over the past 24 hours and is trading at $0.16 at the time of writing. The asset’s market cap is sitting at the $14 billion mark with a daily trading volume of $800 million.

TRX price – Aug. 27 | Source: crypto.news

TON registered a 4.6% fall over the past day and is changing hands at $5.38 at the reporting time. The asset’s market cap is hovering at $13.6 billion, making it the 10th-largest cryptocurrency.

TON price – Aug. 27 | Source: crypto.news

Per ITB data, 99% of TRX holders are currently in profit while over 80% of TON holders are at a loss. 

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Phân tích

Whales accumulated 13m TON while the price was falling

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The detention of Pavel Durov, the founder and CEO of Telegram, increased the Toncoin selling pressure while large whales continued their accumulation.

According to data provided by IntoTheBlock, 92% of the Toncoin (TON) supply is held by whales and investors holding over 0.1% of the asset’s 5.1 billion total supply. The remaining 8% of TON tokens are currently sitting in retail addresses, holding less than 0.1% of the total supply.

TON whale accumulation – Aug. 26 | Source: IntoTheBlock

Data shows that large TON holders accumulated 13.14 million tokens as the asset’s price plunged below the $6 mark — hitting a local bottom of $5.32 — on Aug. 25. 

The Toncoin price plunged 20% after Durov was arrested in France where he might face up to 20 years in prison. TON’s market cap suddenly decreased by $3.8 billion, making it fall from the eighth to 11th spot among leading cryptocurrencies.

However, TON soon started to recover some of its losses as the crypto community started showing support for the Telegram founder. 

Toncoin is up by 2% in the past 24 hours and is trading at $5.62 at the time of writing. The asset’s market capitalization surpassed the $14 billion mark with a daily trading volume of $1.2 billion.

TON price and RSI – Aug. 26 | Source: crypto.news

Notably, TON briefly touched an intraday high of $5.93 earlier today but couldn’t hold longer due to increased selling pressure.

Data shows that Toncoin is slightly oversold at this price point with a Relative Strength Index of 44. High price fluctuations could be normal for TON as fear surrounds the asset.

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Theo Crypto News

Phân tích

Crypto community rallies behind Telegram founder Pavel Durov on heels of arrest

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Movers and shakers within the cryptocurrency community took to social media Sunday to express support for billionaire Pavel Durov after French authorities arrested the Telegram founder at an airport near Paris.

According to French authorities, there was a warrant for Durov’s arrest due to the entrepreneur’s failure to adequately moderate criminal activity on Telegram. 

The price of Toncoin (TON) plummeted after news of the arrest broke. TON, a digital asset associated with the Telegram social media platform, fell to a low of $5.25 — its lowest point since Aug. 8 — and 27% below the highest point this year.

Notcoin (NOT), a token for a popular tap-to-earn mini-app on Telegram, dropped to $0.0090, down by over 25% from its highest level last week.

Notably, Hamster Kombat pre-market futures, fell to $0.19, down from last week’s high of $0.2553. 

Authorities have yet to make the finer details of Durov’s arrest public. However, according to the Financial Times, there is an ongoing investigation into whether Telegram and its members wield the platform for illicit activities like money laundering, terrorism, and child exploitation.

Earlier this month, Telegram was scrutinized for allowing users to openly share far-right and neo-Nazi views to the point where groups used the app to organize riots in the UK.

The app is also accused of failing to cooperate with investigators over drug trafficking, child pornography and fraud. Telegram denies having insufficient moderation, according to BBC.

Crypto entrepreneurs and billionaires respond

French President Emmanuel Macron has been cracking down on social media companies and aggressively enforcing content moderation. 

For example, Rumble — a U.S. and Canadian YouTube competitor — was forced to suspend its operations in the country for refusing to block pro-Russian news sources.

In an X post, Chris Pavlovski, Rumble’s CEO said:

Other social media companies have also been under pressure to moderate content.

X, formerly known as Twitter, recently shut down its Brazilian operations after a Supreme Court judge threatened locking up its employees.

X owner Elon Musk has also come under fire from Thierry Breton, an EU commissioner, for failing to moderate content on X. 

Musk also takes issue with the word “moderate,” which he equates to censorship.

Musk, the richest person in the world with an approximate net worth of $222 billion, also took the opportunity to blast other social media companies, including Meta Platforms and its CEO, Mark Zuckerberg. See below.

While Zuckerberg has never been arrested, the Facebook founder was sued for allegedly not protecting children from sexual abuse and human trafficking.

A judge has since dropped Zuckerberg from the lawsuit.

Telegram, which has over 900 million active users, has become popular because of its minimal approach t content moderation. In an interview with Tucker Carlson, Durov noted that he moved from Russia to Dubai after authorities threatened to take over the platform.

He also revealed that he was regularly followed by Federal Bureau of Investigations whenever he visited the U.S.

Durov’s arrest also drew the ire of entrepreneur Kim Schmitz, aka Kim Dotcom.

Schmitz, who founded BitCache, criticized Macron and touted support for Durov with the hashtag “FreePavel.”

In another statement, billionaire David Sacks, the co-founder of Craft, and a former PayPal Chief Operating Officer, posted unfounded claims that the U.S. was using France to circumvent the First Amendment, which guarantees free speech.

There is no link between the U.S. and Purov’s arrest as of press time. 

Michael van de Poppe, a popular crypto analyst, with over 723,000 followers, sent a post calling for his release. 

Meanwhile, Vitalik Buterin, Ethereum’s (ETH) co-founder, warned that Durov’s arrest looked very bad for the future of software and communication freedom in Europe.

Writing on the TON’s price action, DaanCrypto, another analyst with almost 400,000 followers, warned that the coin could have a short squeeze if Durov is released.

He pointed to the big Binance Coin (BNB) dip after Binance and Changpeng Zhao pleaded guilty to money laundering allegations. 

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Công nghệ

Animoca Brands’ gaming platform GAMEE secures funding from Pantera Capital

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GAMEE, the mobile gaming platform behind the WatBird game, has received an investment from Pantera Capital to expand its presence on The Open Network.

Animoca Brands‘ gaming subsidiary, GAMEE, has received an investment from Pantera Capital, a California-based venture capital firm, to extend its reach across multiple blockchain networks, according to an Aug. 21 press release.

While the funding size was not disclosed, the investment is understood to help GAMEE expand its presence on The Open Network (TON) via WatBird, a Telegram-based app. Animoca notes that the investment from Pantera follows a recent investment GAMEE received from TON Ventures, a venture capital firm focused on backing TON-based startups.

Commenting on the funding, GAMEE co-founder Bozena Rezab said the investment represents a “significant vote of confidence in our vision to seamlessly integrate web3 mechanics into the gaming experiences we’ve cultivated for our community of 90 million gamers.”

“This support will help us accelerate our mission to strengthen the community’s engagement with the TON ecosystem.”

Bozena Rezab

For Pantera Capital, this investment marks another move to double down on its strategic investment in TON. In May, the firm announced its “largest investment ever” in the network, underscoring its belief in TON’s potential ate of the bankrupt FTX exchange. At the time, Pantera said it had decided to invest in TON as the platform to “introduce crypto to the masses because it is used extensively within the Telegram network.”

Although Pantera did not disclose the amount of its investment in GAMEE, it follows a $250 million purchase of Solana (SOL) from the estate of the bankrupt FTX exchange, highlighting the firm’s ongoing commitment to expanding its influence in the blockchain space.

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Theo Crypto News

Phân tích

Toncoin, Notcoin, Celestia rises as July US inflation drops

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Annual consumer prices retreated in August, raising hopes that the Federal Reserve will start cutting interest rates in its September meeting.

Cryptocurrencies and U.S. stocks continued rising on Wednesday, Aug. 14 after the release of July’s inflation report. THORChain (RUNE) was the top gainer of the day as it jumped by 12%. It was followed by Toncoin (TON), Notcoin (NOT), and Celestia (TIA), which rose by over 10%.

Toncoin’s token climbed to $7.27, its highest point since July 20 and 51% above its lowest point this month. Similarly, Notcoin, the popular tap-to-earn token, rose to $0.0128, while Celestia increased to $6.60. Other major coins like Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) were also in the green. 

US inflation slowed in July

According to the Bureau of Labor Statistics, the headline Consumer Price Index (CPI) slowed to 2.9%, while the core CPI dropped from 3.3% in June to 3.2% in July. However, both figures rose slightly by 0.2% on a month-on-month basis.

The U.S. CPI data came a day after the statistics agency published weaker-than-expected producer price index numbers, leading to a strong rebound in American equities. The Dow Jones and the Nasdaq 100 indices rose by over 400 points, while the U.S. dollar index slipped.

These numbers imply that the Federal Reserve will likely start cutting rates in its September meeting. In a Bloomberg interview, David Rubenstein, the billionaire founder of Carlyle, predicted that the Fed would cut by 0.25% instead of 0.50%, citing the U.S. election period.

Cryptocurrencies like Celestia, Notcoin, and Toncoin could receive a boost from rate cuts since they tend to push investors toward riskier assets. This dynamic helps explain why most coins rallied during the Covid pandemic.

TON $40 million venture fund

Toncoin and Notcoin also rallied after the TON Blockchain, backed by Telegram, launched a new $40 million fund to support networks in the ecosystem.

The developers hope these funds will attract new developers and those migrating from other blockchains like Ethereum and Solana. This ecosystem fund comes at a time when the Toncoin ecosystem is booming, supported by games and tap-to-earn platforms like Hamster Kombat and TapSwap.

TON Blockchain also has nearly $600 million locked in its DeFi ecosystem, with STON.fi, DeDust, and Tonstakers being the biggest players on the platform.

Ecosystem funds are common in the blockchain industry. In June, the Manta Foundation launched its $50 million fund. Other chains with similar funds include Base, Avalanche, and Sui.

Celestia’s rally was mainly driven by investors buying the dip, as there was no specific news about the network.

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Theo Crypto News

Phân tích

Catizen token price rises in pre-market ahead of airdrop

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The Catizen token price rose in a low-volume environment after being listed in the pre-market section of Bitget.

The Catizen (CATI) price rose to a high of $0.77, significantly higher than the listing level of $0.30. Since launching, its total volume has stood at over $170,000. 

Catizen token price is rising

Bitget’s pre-market listing is an innovative product that lets users buy tokens before they are launched officially through an airdrop.

Catizen has become one of the biggest players in the Telegram gaming industry, with over 26 million active users worldwide. It has 1.7 million daily active users and has handled over 20 million on-chain transactions. 

It is a mini-app that combines concepts of gaming, artificial intelligence, and the metaverse. Users interact with it in Telegram, a fast-growing social media platform with over 900 million users globally. 

By leveraging Telegram’s application, Catizen is easier to use than traditional gaming platforms like Axie Infinity (AXS), Decentraland (MANA), and Gala Games (GALA). It also does not require downloading or long user registrations. 

Catizen’s users accumulate the CATI token by playing the game and performing simple tasks like following its social media accounts, checking in daily, and inviting friends.

The mini-app has grown so fast that, according to its founder, it has already made $16 million from in-app purchases. On its platform, users can purchase a set of stars to increase their chances of winning. Because of this growth, Catizen received an investment from Binance Labs. 

Telegram gaming apps are booming

Catizen is one of the many Telegram apps that are seeing significant traction among users. The other popular games in the ecosystem are Gamee, which has 9.5 million users, followed by Cat Gold Miner (6.3 million), The Pixels (5.2 million), BIRD (2.2 million), and Truecoin (1.6 million).

Telegram also houses over 70 tap-to-earn platforms, such as Hamster Kombat, TapSwap, Notcoin, PixelTap by PixelVerse, and Blum. In less than two months, Hamster Kombat has added over 240 million users, while its YouTube channel has gained over 34 million subscribers.

Notcoin (NOT) and PixelVerse are the first two platforms to launch their airdrops. Notcoin’s market cap is over $1.5 billion, while Pixelverse (PIXFI) is valued at $175 million.

Notcoin price chart | Source: TradingView

Therefore, using these metrics, and since Catizen has over 24 million users and is making money, there is a chance that it will hit a market cap of over $1 billion. Besides, play-to-earn cryptocurrencies like Decentraland, Sandbox, and Axie Infinity are valued at over $700 million despite their slowed user growth. 

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Công nghệ

TON ecosystem reaches new milestones as Toncoin price falters

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TON ecosystem’s TVL hits 0m, despite Toncoin’s price dip to , sparking future optimism.

On June 17, 2024, the TON ecosystem achieved a significant milestone by reaching a 0 million in total value locked (TVL).This growth helped the blockchain register a 130% growth in just under a month. The crypto community is of the opinion that the network’s growth and current appeal is largely driven by the success of its mini apps.

However, despite this noteworthy development, Toncoin’s price nosedived on Tuesday. It fell by almost 10%, bottoming at . This happens to be its lowest level since June 12. As a result, Toncoin has slipped by more than 15% from its highest point.  

Nevertheless, Toncoin enthusiasts believe that the setback is temporary and anticipate that positive movements are in store for the ecosystem and the coin. 

Analysts are also of the opinion that the growing TVL and the upcoming launch of TapSwap, the popular Telegram tap-to-earn platform could catapult Toncoin to new heights. 

TapSwap is a Tap-2-Earn Telegram mini app with over 26 million social media followers. The developers of TapSwap stated that they had chose Toncoin for its speed and low transaction costs.

Another interesting project that has launched on the TON blockchain is Simple-Ton, a new project that aims for an explosive run on the ecosystem. Simple-Ton Coin, inspired by the beloved SpongeBob universe, leverages the Jetton Smart Contract to bring an engaging experience to its community.

In their commitment to transparency and security, the Simple-Ton team has used two methods to ensure the integrity of Simple-Ton Coin. The first is Renounced Ownership. The contract ownership has been fully renounced, which means no single entity can control or alter the contract. 

Second, the team has burned the liquidity pool to eliminate the risk of rug pulls and provide the community with a secure trading environment.

Simple-Ton’s current appeal and growth is comparable to another top memecoin on the TON blockchain – Resistance Dog (REDO). With a market cap of 9.76m and 24-trading volume of .74m, REDO has grown dramatically over the past week, securing its place in the portfolios of both newcomers and veteran investors.  

With its current approach and robust security measures, Simple-Ton is moving in a similar direction, aiming for substantial growth. However, it remains to be seen what the future holds for this project.

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Phân tích

Here’s why Toncoin price is outperforming rivals

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Toncoin (TON) price has emerged as the best-performing layer-1 token this year. It has soared by over 220%, outperforming other big tokens like Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Cardano (ADA). The first three have jumped by 55%, 80%, 40%, respectively while ADA has slumped by 30%.

In a note, blockchain analyst maartunn explained two reasons why TON has outperformed most layer-1 tokens. First, he noted that the TON transfer volume had gone through the roof, ranging between billion and billion. 

In comparison, Bitcoin’s daily transfer volume stands at about billion. This means that TON has already achieved about 10% of the biggest cryptocurrency in the industry. 

There are other popular metrics to prove this theory. For example, the total value locked (TVL) in Ton’s ecosystem has jumped to over 3 million, making it the 12th biggest chain in the industry. 

The volume of stablecoins in the ecosystem has soared to over 0 million. Most of these stables are in Ton’s ecosystem networks like DeDust, STON.fi, Tonstakers and Stakee. 

TON holders have soared

Second, the expert noted that the number of TON holders has jumped to over 34.5 million, a figure that is higher than 2.9 million a year ago. That is a 10x increase in just one year and the trend could continue in the coming months.

A potential driver for the upcoming surge in TON holders is the upcoming launch of TapSwap. TapSwap, a popular tap-to-earn platform on Telegram, selected Toncoin as its blockchain of choice. That launch will bring over 50 million users to TON’s ecosystem.

Therefore, Toncoin price has surged because of its booming ecosystem and the fact that the number of holders has gone parabolic. 

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Theo Crypto News