Analysis Crypto by Thebittimes.Com

Following the continued ascension of both cryptos, Ripple (XRP) and Toncoin (TON) have created a path to a $50 billion market cap in 2024. Indeed, the assets have both emerged as key tokens this year for very different reasons. Therefore, they could be poised to shake up the crypto market in the coming months. Currently, the global crypto market has a value of $2.19 trillion. That is driven by Bitcoin and Ethereum, who keep on setting the standard with their ETF approval this year. However, XRP and TON could be set to bring a new crypto to intrigue a growing investment base. Also Read: Ripple: Bullish Indicators – Why XRP Could Break $0.93 Soon! XRP Eye’s Massive Surge As Legal Woes Near a Conclusion Entering the year, Ripple had immense potential. The company was set to reach a settlement in its years-long legal battle with the US Securities and Exchange Commission (SEC). Moreover, that regulatory clarity was set to be massively important for the asset’s price movement. Tha...

The Toncoin price soared 8% in the last 24 hours and 13% in a week to trade at $6.97 as of 02:29 a.m. EST on trading volume that skyrocketed 147% to $572 million. The pump made TON the top gainer in the past day among major cryptos by market capitalization. The crypto market overall tumbled 1% to a $2 trillion market capitalization. Toncoin Price Could Continue Surging The Toncoin price has been on a tear since August 5, as the $5 level acted as a cushion that the bulls capitalized on, according to data from GeckoTerminal . In the last ten days, the price of Toncoin movements formed a double bottom pattern as the bulls struggled to push TON above the $7 resistance. The Toncoin price bulls aim to capitalize on the double bottom pattern to push the price of Toncoin above the resistance zone. TON now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming an uptrend. Moreover, the Relative Strength Index (RSI) is trading up towards the overbought region,...