Top Coin In June
If last month we discussed the "DOGS" era, this month let's look for interesting coins to discuss.
Before discussing further I want to disclaimer first, all of these posts are not an invitation to buy or sell, guys!
One of the phenomena that has recently occurred is the bullishness of $BNB on the chart by breaking out of the Triangle Pattern on the Daily Timeframe.
The bullishness of BNB after months of sideways could be a good catalyst for coins in the BNB ecosystem or what is usually referred to as Binance Smart Chain (BSC).
And Yes, I found one of the interesting coins in the Binance Smart Chain.
I will discuss it in depth on my telegram channel, namely Billionaire Trader.
You can visit it by clicking this link: https://t.me/BillionaireTrader99.
Come back here, the coin that Mimin will discuss is Toncoin or usually referred to as TON.
TON Coin This coin is related to The Open Network (TON), which is a blockchain platform originally developed by Telegram.
At first glance, TON aims to provide a Blockchain that is fast, secure, and can be implemented for various applications such as smart contracts, wallets, and other things.
The TON project was initially initiated by Telegram, then further developed by the open-source community after Telegram stopped official support due to regulatory problems with the SEC (Securities and Exchange Commission) in the United States at that time.
Even though cases like this look bad, technically and "ratings", this coin attracts a TON. If we look at CoinMarketCap, TON is actually in the top 10 Market Capitulization!!
TON is in 9th place along with big coins such as Solana, Doge, Cardano, ETH and Bitcoin.
Why is Market Cap important? Because market cap determines the liquidity in a coin so that in terms of movement, this coin can be stable and not too volatile like meme coins. Stable volatility can also provide calm for investors or traders in the coin.
After looking at the available technicals, let's also see how it moves on a technical chart. Although this Ton is in the 9th largest marketcap, but the chart should also be interesting, right?
Let's dissect what the TON chart looks like. Anyway, in my opinion, this coin is quite interesting for a bullish view. How come? So, let's discuss it together, OK?
Technical details of TON:
Structurally, TON forms an uptrend structure. So in general it is very interesting for a Buy or Long position
Then besides the Bullish structure, there is a Bullish Pattern, namely the Ascending Triangle. This Ascending Triangle is interesting because it is located at the final resistance, and even more interesting, if we project the reward increase from this ascending triangle pattern, then the increase can be projected to $10.
This is the reason why one of the interesting coins to watch this month is TON, considering its high market cap but technically it can be said to be a "fresh chart".
Let's see how the TON coin moves in the future.
The next coin that is interesting is the coin that used to be the favorite, namely The Ordinals: ORDI.
Maybe there are still many of us who don't know about Ordinals. These Ordinals are located in Bitcoin, which are usually referred to as Bitcoin Ordinals. This ordinal exists to further expand the use of bitcoin. The concept of Bitcoin Ordinal is to provide a unique and valuable collection using the blockchain that underlies Bitcoin. It should also be noted that this innovation occurred because of the rise of Cryptocurrency and the increasing popularity and acceptance of Cryptocurrency and Bitcoin in global society.
Still confused about how Ordinals works? Of course, it may be more difficult for lay people to understand clearly. However, if you want to simplify it, then Bitcoin Ordinal is like an NFT or Non Fungible Token. So every transaction or ownership of Bitcoin by investors will be recorded as NFT ownership or they will be given a "status" by giving NFTs to these holders.
The good thing about this NFT and what differentiates this NFT from the usual one is that this Ordinal NFT has unique and irreplaceable attributes so that nothing will be the same between NFTs from one holder and another. This NFT also retains market value and provides verification functions and ownership can be traced. If we put it again, it could be that you buy Bitcoin, then as a token of ownership you are given an ID card.
It's simpler like that, right, so it's easier for us to understand?
Then maybe many people will ask again, what is the difference with conventional NFTs like those on Solana, Ethereum?
The difference between NFT Ordinals and conventional NFTs on Ethereum and Solana is as follows:
Conventional NFTs are sold on NFT platforms such as OpenSea, Rarible, Nifty Gateway, and others. Then for NFT ordinals, they are present using the bitcoin blockchain platform so that transactions occur on the bitcoin blockchain platform.
Then if we talk about the platform, it will also be related to how developers and security can be integrated into the system. If it is on a platform, security can be said to be more solid, integrated and safe because it uses the same blockchain and ecosystem as the Bitcoin coin. Meanwhile, if it is a conventional NFT, you have to rely on the developer and security team behind the scenes.
Examples of collections of NFT Bitcoin Ordinals are CryptoPunks, Art Blocks, Bored Ape Yacht Club, and others.
After we briefly discuss the fundamentals and how Ordinals work, we will try to see how the price movements of Ordinals or $ORDI chart.
The following is a chart from $ORDI :
Specifically for ORDI, we will discuss several aspects with a bullish view here which I share!
ORDI's movement was quite interesting because it started bullish, then gradually went sideways, then had a downtrend.
HOWEVER, this movement from ORDI became interesting again after achieving a "mini-reversal". This mini reversal is also interesting because there is the potential to form a Falling Wedge in the Daily timeframe with rewards up to the $80 area.
How can it be interesting or not?
I think it's interesting, but let's discuss again how to support resistance from ORDI in the future.
I'm giving the following for free to all of you: Support Resistance for Long Term View from ORDI.
The long term view from ORDI is Bearish To Bullish in my opinion. As long as ORDI can maintain the $48 area, ORDI will lean more towards the Bullish area and can continue this movement to the $80 area.
According to Mimin, the "Grand Prize" from ORDI is $100. Where if this figure is reached, then there is the potential for ORDI to move further upwards, aka Bullish pol-pol and up to $100-up because it passes its Psychological Resistance.
Then if it continues to be corrected, then the area up to $20 is the last support so far at ORDI. For future actions related to trading or investment, please analyze each one further!
There is another interesting thing actually on Binance anywaysss….
This coin has a partnership with $RNDR which in the previous cycle rose massively. You can check on my telegram the explanation of the coin by clicking this link: https://t.me/BillionaireTrader99.
