Today will remain a memorable day for cryptos, with spectacular increases seen in several of them. This, starting with TAO whose price soared to €666.63. Behind this star crypto of the day, other digital assets have also experienced prodigious leaps.
TAO, the undisputed star who challenges crypto records
It is undoubtedly the TAO which is attracting all attention in the crypto world on March 1, 2024. At the start of the year, no one would have imagined such a rise, blithely crossing the €650 mark. An exceptional bullish rally which now places this crypto among the most expensive tokens on the market.
However, nothing seemed to predict such success for the TAO. Unlike industry giants like Bitcoin, this crypto is not based on revolutionary technology or a vibrant ecosystem. But as is often the case in this market, speculation feeds on itself, ignoring the fundamental reality of the projects.
Less spectacular, FET still follows the trend
Far behind the phenomenal TAO, FET still achieved a very honorable performance on March 1st. Its progression to €1.62 at current price places it in second position among the best performing cryptos.
Unlike TAO, FET benefits from solid technology with an efficient blockchain network and concrete solutions deployed in companies. Its value is therefore based on more rational foundations, which could protect its progress from brutal reversals.
AGIX and AXL, more confidential progressions
The AGIX and AXL also benefited from the March 1 euphoria on cryptos, even if in more modest proportions. AGIX was still able to reach €0.8154. As for the AXL, it ends up just above €2.
Impressive rallies therefore for these two cryptos even if they remain discreet in the face of the explosion of the TAO. Unlike him, AGIX and AXL also rely on viable blockchain projects, with concrete applications which partly justify their value.
TON in measured progression for a major crypto
Finally, it is impossible not to mention the modest but real increase in TON on March 1st. The crypto gained a little more than 15% during the day to settle at €2.52. A measured development in view of the explosion of the TAO, but significant for this crypto considered one of the most structuring in the sector.
Driven by innovative technology and a large ecosystem of applications, TON is indeed perceived as one of the most promising projects in the world of crypto-assets. Its constant progression tends to confirm this status, far from the ups and downs of more confidential cryptocurrencies like the TAO.
This day will remain as a vivid illustration of the speculative madness that can grip the crypto market. Between the completely unreasonable rally of the TAO and the more rational progressions of established cryptos like the TON, it reminds us that not all crypto-assets follow the same logic.
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