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TON developers support this memecoin: Price soars The memecoin Resistance Dog (REDO), the largest memecoin on the TON blockchain, has surged over 140 percent thanks to developer support. The largest memecoin on the TON blockchain, the memecoin Resistance Dog (REDO), has increased by over 140 percent with the support of developers. Things got chaotic with the arrest of Telegram founder and CEO Pavel Durov. Although there were initial sharp declines in memecoins in the TON ecosystem, this situation was reversed with the arrest process. The support of TON developers for the popular memecoin Resistance Dog (REDO) triggered a sharp increase in the parity. This rise in #REDO in a short time naturally increased the interest in the TON network. Crypto investors have already started to research which memecoin the new REDO will be. Core developers have indicated that they are embracing Resistance #Dog on platforms like the official Telegram channel and the X account. The move comes after Telegram founder and key figure in the Ton blockchain Pavel Durov was arrested in France over the weekend. âIn support of DigitalResistance, we are updating Toncoinâs logo and profile pictures on #TON community channels to the Resistance Dog symbol,â the team said in a statement on Monday. Following the announcement, the token surged by more than 140% on Monday, from $0.35 to over $0.85. The tokenâs current market value is $65 million, according to Dexscreener data. #Durov was taken into police custody in France on Saturday amid a cybercrime investigation into charges of providing services and tools, according to the Tribunal Judiciaire de Paris. There have been previous reports of Telegramâs inadequate cooperation with law enforcement over content moderation issues.
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đ˘ Binance has announced that it will support the #Flow network upgrade and Hard Fork.
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Bears couldn't bring them down: The highest-rising altcoins of the day! Altcoins that continued to rise despite the leading cryptocurrency Bitcoin (BTC) losing nearly 3 percent in value were surprising. Helium (HNT), which provides decentralized wireless infrastructure services by utilizing 5G access points, became the highest rising altcoin of the day. HNT rose 12 percent in the last 24 hours. Akash Network (AKT), a blockchain initiative in the Cosmos ecosystem, has increased by 11 percent in the last 24 hours. The popular cryptocurrency is the second highest-rising altcoin of the day. Decred (DCR), a blockchain project created by its founders by copying the Bitcoin code, was one of the names that left their mark on the day. DCR increased by over 9 percent in the last 24 hours. The Artificial Superintelligence Alliance (FET), a combination of AI coins Ocean Protocol, Fetch.ai and Singularity, rose 8.7% in the last 24 hours. The crypto project, which aims to create a super AI computer, took the top spot of the day. OriginTrail (TRAC), located on the Ethereum blockchain, increased by 7.5 percent in the last 24 hours. The project, which provides information services in many areas ranging from art to business certificate verification, left its mark on the day.
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Bitcoin Whale Awakes After 11.5 Years, Transfers 25,015 BTC, and Causes Concerns for BTC Price! In a surprise development, an unknown #Bitcoin whale, which remained dormant for 11.5 years, has resurfaced, causing intense movement in the crypto markets. The wallet, which previously held 25,015 BTC, transferred its entire balance to a new address, marking one of the most significant dormant asset movements in recent times. This reactivation not only highlights the long-term strategies of Bitcoin investors, but may also affect market sentiment due to the large amount of cryptocurrency it contains. The timely reactivation of this important #Bitcoin wallet raises critical questions about the dynamics in the market and the psychology of long-term holders. According to a report by Whale Alert, Bitcoin was purchased for $686 in 2013 and today represents a staggering value of approximately $1.59 million. This translates to an estimated return on investment of over 231,778%. Such incredible profit margins are naturally eye-catching, especially when you consider why an investor would choose to sell after such a long holding period. Speculations abound: Was this a strategic liquidation move for cash, or was it simply a transfer to a more secure wallet type, as the new âbc1â addresses have advantages over traditional â1â addresses? The immediate aftermath of this transfer has seen mixed reactions among crypto analysts, with potential impacts on Bitcoinâs price journey being closely monitored. Market watchers note that while profits have positive repercussions for individual investors, large sell-offs or transfers can often create fear and uncertainty in the market, leading to bearish trends. Bitcoin is currently trading at around $63,000, and traders are cautious when assessing future movements that could stem from such significant transactions.
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Will Ethereum Not See $3,000 in 2024? Analyst Warns! Analyst Benjamin Cowen, who said that it will be difficult for the Ethereum (ETH) price to rise above $3,000 in 2024, made a prediction by looking at past cycles. Cowen thinks that ETH could reach its bottom in December and that it will not be possible to reach new highs until 2025. Cryptocurrency strategist Benjamin Cowen states that it will be difficult for ETH to exceed $3,000 in 2024. Considering past price movements, Cowen says that ETH has been in decline since March and is unlikely to exceed $3,000 even if there is a rally. Cowen states that $ETH could bottom in December and that this situation is similar to the downtrends in 2016 and 2019. If history repeats itself in 2024, it will be difficult for ETH to reach new highs by 2025. This does not mean that we will not see $3,000, but it will be more difficult to reach that level. With Bitcoin falling after exceeding $65,000, #Ethereum has also fallen by over 1% in the last 24 hours. ETH is currently trading at $2,727. The last 7-day price indicator shows a 6% increase. Ethereumâs market volume has fallen to $328 billion, while its trading volume has also decreased by 10% to $10 billion. This could indicate that investor interest is waning. Will Ethereum not reach $3,000 in 2024? According to analyst Benjamin Cowen, #ETH is likely to bottom in December and not reach new highs until 2025. However, this is just a guess and markets are subject to change. Investors must make their decisions based on their own research.
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