Post By: CryptosHeadlines.com

Bitcoin made a strong move today, trying to break past $36,000 after trading flat and briefly falling below $35,000 in recent days.

While prominent altcoins like Ethereum (ETH), Binance Coin (BNB), and Ripple (XRP) are currently in the red, others like Solana (SOL), Cardano (ADA), Toncoin (TON), Chainlink (LINK), and Polygon (MATIC) have recorded significant gains.
Bitcoin Encounters Resistance at $36,000
Bitcoin saw significant fluctuations during the past week. It dipped to around $34,000 on Friday but quickly rebounded. By the weekend, it was approaching the $35,000 mark.
The new week began with a drop back to $34,500, but today, Bitcoin made a notable surge, rising over $1,000 to nearly $36,000. However, it hasn’t yet crossed that threshold and is currently trading just above $35,000.
Bitcoin’s market capitalization remains at $690 billion, but its dominance in the cryptocurrency market has slightly decreased and is now under 52%.
SOL, MATIC, and TON Experience Surges
Mixed Performance in Larger-Cap Altcoin Landscape: Some See Minor Losses, while Solana (SOL), Chainlink (LINK), Toncoin (TON), and Polygon Surge. TON Jumps by 12%.
The larger-cap altcoin market is exhibiting a clear divide today. On one side, cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), XRP, Dogecoin (DOGE), Polkadot (DOT), and Litecoin (LTC) have posted modest losses, with declines of up to 2%. Binance Coin and Ripple, in particular, have each experienced a daily decrease of approximately 2%.
Conversely, the other camp includes Solana (SOL), Chainlink (LINK), Toncoin (TON), and Polygon, which have all witnessed significant gains. SOL, LINK, and MATIC have each surged by approximately 5%, while TON has exhibited remarkable growth with a 12% increase. Currently, TON is trading at $2.7.
Several other altcoins, including 1INCH, GALA, Flow, KAS, WOO, and more, are also registering notable gains. In the grander scheme of the cryptocurrency market, the total market capitalization has maintained its recent position, remaining comfortably above $1.3 trillion according to data from CoinMarketCap.
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Toncoin’s price has shot up by 35% to reach over $2.68, grabbing the interest of cryptocurrency investors.
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This increase is mainly because Telegram is getting ready to launch its advertising platform. This platform offers a great chance for channel owners to make money from their content.

Investors Excited for Telegram’s Ad Platform
Telegram, renowned for its messaging and social media platform, is gearing up to launch an advertising platform that will empower channel owners to generate revenue through advertisements. This development heralds a notable transformation for Telegram and has sparked enthusiasm within the cryptocurrency market.
Investors are expressing optimism regarding the prospects of heightened Toncoin adoption within Telegram’s ecosystem, fueled by the allure of advertising revenue and the platform’s growing user base. Channel owners are poised to reap the rewards of a revenue-sharing model, entitling them to receive 50% of ad revenue in Toncoin.
TON Expected to Reach $5 Soon?
The surge in Toncoin’s price reflects the excitement generated by Telegram’s announcement of its advertising platform. Trading volume for Toncoin has skyrocketed by 705%, reaching $345 million. On the daily price chart, bullish momentum is evident, with the Relative Strength Index (RSI) indicating an overbought situation at 78.

TON Price Chart , Source: TradingView

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Investors are closely monitoring Toncoin’s price movements as it continues to gain momentum. Some analysts predict a potential increase to $3.4 or even $4.8 if bullish trends persist. However, there is also the possibility of a correction if bearish sentiments prevail. In such a scenario, Toncoin could find support levels around $2.10 and $2.01.
Also Read:   Altcoin Potential: 20x to 200x Rally Ahead!

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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#TONCOIN #Altcoin #Cryptocurrency #CryptoNews #NFTs