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๐Ÿš€๐ŸŽ‰ Buckle up, Bitcoiners! Toncoin is on a roll, hitting an all-time high of $6.50 on April 9, following a whopping 20% gain on the day. It's outperforming every other crypto asset in the top 50. ๐Ÿ’ช๐Ÿ”ฅ Toncoin's big move has enabled it to flip Cardano (ADA) and take the tenth spot with a market cap of $22.4 billion. Poor Cardano, still languishing more than 80% down from its 2021 peak, has been dumped out of the top ten despite a 4% daily gain to top $0.61. ๐Ÿ“‰๐Ÿ˜ข Toncoin's been on fire since March, with a 150% gain, according to CoinGecko. ๐Ÿธ๐Ÿ’ฐ The social messaging platform Telegram's move to ditch the Euro in favor of its native TON token for platform payments has added fuel to the fire. ๐Ÿ”ฅ๐Ÿ’ธ The Open Network's move into AI has also sparked today's price explosion. They've partnered with biometrics company HumanCode AI on a $5 million incentive program in TON for people to enroll in the firmโ€™s palm-scanning โ€œproof-of-personhoodโ€ system. ๐Ÿค–๐ŸŒ Meanwhile, Cardano has been lackluster and the subject to more FUD. ADA prices remain depressed and have failed to mirror the gains many of its peers have during this bull market. Ethereum, however, is doing well today, topping $3,700 for the first time in three weeks following an 8% surge. ๐Ÿ“ˆ๐Ÿ’น In conclusion, it's a thrilling time for Toncoin, and we can't wait to see where it goes next! ๐Ÿš€๐ŸŒ•

๐Ÿš€๐ŸŽ‰ Buckle up, Bitcoiners! Toncoin is on a roll, hitting an all-time high of $6.50 on April 9, following a whopping 20% gain on the day. It's outperforming every other crypto asset in the top 50. ๐Ÿ’ช๐Ÿ”ฅ

Toncoin's big move has enabled it to flip Cardano (ADA) and take the tenth spot with a market cap of $22.4 billion. Poor Cardano, still languishing more than 80% down from its 2021 peak, has been dumped out of the top ten despite a 4% daily gain to top $0.61. ๐Ÿ“‰๐Ÿ˜ข

Toncoin's been on fire since March, with a 150% gain, according to CoinGecko. ๐Ÿธ๐Ÿ’ฐ The social messaging platform Telegram's move to ditch the Euro in favor of its native TON token for platform payments has added fuel to the fire. ๐Ÿ”ฅ๐Ÿ’ธ

The Open Network's move into AI has also sparked today's price explosion. They've partnered with biometrics company HumanCode AI on a $5 million incentive program in TON for people to enroll in the firmโ€™s palm-scanning โ€œproof-of-personhoodโ€ system. ๐Ÿค–๐ŸŒ

Meanwhile, Cardano has been lackluster and the subject to more FUD. ADA prices remain depressed and have failed to mirror the gains many of its peers have during this bull market. Ethereum, however, is doing well today, topping $3,700 for the first time in three weeks following an 8% surge. ๐Ÿ“ˆ๐Ÿ’น

In conclusion, it's a thrilling time for Toncoin, and we can't wait to see where it goes next! ๐Ÿš€๐ŸŒ•

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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๐Ÿš€๐Ÿš€ Bitcoin has been on a rollercoaster ride, dipping over the past few days with bears prowling near the $70,000 mark. The result? A 4% drop over the past week, with BTC trading near $66,000. ๐Ÿ“‰ But hold on, there's a silver lining! ๐ŸŒˆ Wallets holding 10 or more BTCs have reached their highest level in two years. This suggests that without FTX's influence, the market might be reflecting demand more accurately. ๐Ÿ“Š๐Ÿ“ˆ According to Santiment, this period has seen a whopping 226% surge in bitcoin's price. As of June 16, 2024, wallets with 10+ BTC hold 16.16 million BTC, or 82% of the total bitcoin supply. ๐Ÿณ๐Ÿ’ฐ There's been speculation that former FTX chief, Sam Bankman-Fried, was suppressing crypto prices back in 2022. Since FTX's collapse in November 2022, there's been a clear correlation between the increased holdings of these wallets and BTC's overall market value. ๐Ÿง๐Ÿ’ก This could mean that while FTX was operational, forces may have been at play to distort the correlation between large-holder buying/selling behavior and market prices. But now, in the post-FTX era, that correlation seems to have reasserted itself, with whale wallet holdings more directly impacting and reflecting the broader market valuation. ๐Ÿ”„๐Ÿ” The plot thickens with former FTX's sister hedge fund CEO, Caroline Ellison, revealing mass bitcoin selling during the dramatic FTX trial last year. She claimed that the disgraced FTX founder had conspired with her to manipulate and keep the bitcoin price below $20,000 using customer funds. ๐Ÿ•ต๏ธโ€โ™€๏ธ๐Ÿ”ฆ This revelation led many to believe that bitcoin's failure to hit $100,000 during the 2021 bull market was due to this artificial sell pressure created by FTX execs. ๐ŸŽญ๐ŸŽช So, in the post-FTX era, it seems Bitcoin whale wallets are reclaiming their correlation with market value. Stay tuned for more updates! ๐ŸŽข๐Ÿš€
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๐ŸŽ‰Hey there, BTC enthusiasts!๐ŸŽ‰ Over the weekend, crypto markets remained pretty stable, with total capitalization hovering around $2.54 trillion. ๐Ÿ“Š With a holiday in the US this Wednesday, stock markets will be closed and crypto markets are likely to be quiet. ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŽ† But keep your eyes peeled for retail sales data and PMI reports that could hint at the direction of economic recovery. ๐Ÿง Upcoming key events include May's retail sales data on Tuesday, June's Philly Fed Manufacturing Index on Thursday, and S&P US Manufacturing/Services PMI data on Friday. ๐Ÿ“… Many analysts believe the Federal Reserve's policy outlook is leaning towards a more conservative stance. However, if economic reports confirm the outlook of disinflation and price pressures returning to normal, rate-cut expectations may be brought forward. This could be good news for high-risk assets such as altcoins. ๐Ÿ’ฐ๐Ÿš€ But don't hold your breath just yet! The U.S. central bank is now projecting just one rate cut this year, down from the three forecasted in March, so altseason may be a few months away. ๐Ÿ“‰ As for Bitcoin, it's trading below $66,000 after spending the weekend just over that level. Ethereum reached $3,645 during Asian trading but fell back to under $3,500. There was more red than green across the altcoins, with larger losses for Shiba Inu, Avalanche, Uniswap, and Near Protocol. ๐Ÿ˜ฌ So, will this week's economic data lift crypto markets from lethargy? Stay tuned to find out! ๐Ÿค”๐Ÿ”ฎ
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