The crypto market is generally tense. This is not true for all cryptos, however. TON, for example, has made a tremendous breakthrough, much to the delight of its users. Experts are optimistic about the prospects for the bitcoin market, in the short term at least.
In short
- TON, the native crypto of Toncoin, surprises with an increase of 31% and occupies 9th place on the market.
- Telegram’s support is said to be one of the key factors behind this exceptional performance of the asset.
- Bitcoin is showing signs of recovery, with a current valuation around $27,160 and up 3.52%.
Toncoin in the top 10 most dynamic cryptos on the market
If it were necessary to bet on the crypto that would stand out for its performance, few people would choose TON, the native crypto of Toncoin. Yet this asset is the winning horse of the crypto race of the past week.
Indeed, TON stood out with a valuation up around 31%. An epic performance since the asset ranks 9th among the most relevant cryptos on the market, ahead of renowned cryptos like Solana and Tron.
Obviously, the question arises as to what made such a performance possible. Analysts say Telegram’s support for the project likely played a crucial role in the asset’s surge.
“We are putting digital property rights in the hands of our entire user base. While giving TON projects the tools to reach our audience in the largest Web3/Web2 partnership that has ever existed,” declared John Hyman, Telegram’s investment director, a few days earlier.
Would the explosion in the valuation of an unsuspected crypto like TON be a sign of renewed dynamism for the entire crypto market? In any case, for Alex Konanykhin, CEO of Unicoin, trends are moving in this direction.
Bitcoin, on the verge of reaching $30,000, a 3e time this year?
The past week hasn’t just been good for TON. Several other leading cryptos have seen their valuations climb. This is the case of Solana and Tron, mentioned above. This is also the same for Polygon, Litecoin, Bitcoin Cash and Chainlink. Overall, the valuation of these assets has increased by more than 4% on average in recent days.
But in terms of ratio, bitcoin beats them all with its increase of 3.52% over the same period. While before this, the asset raised concerns for its constant collapse, it has recovered somewhat. It is currently trading around $27,160 and has gained 0.22% in the last hour.
Could this be the start of a new spectacular breakthrough which would bring the queen of cryptos to the valuation of $30,000 reached twice in recent months? Alex Konanykhin does not rule out the possibility of such an event occurring. This, sooner than one might imagine.
“I am optimistic about the chances [du bitcoin, Ndlr] to return to more than $30,000 by October, as many financial executives have now returned from their summer vacations and are exploring ways to take advantage of the current cryptocurrency rally,” did he declare.
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