День: 31.08.2024

The results of a poll conducted before Robert F. Kennedy Jr. dropped out of the 2024 race suggested that Donald Trump had more support among crypto owners than Kamala Harris.

Crypto firms may want to register somewhere they can receive more prompt attention, law firm warns.

This research could have revolutionary implications for tech, especially in the areas of AI, VR, and blockchain.

 Layer 2s are a short-term success story, but the long-term picture appears less rosy.

Bitcoin’s price breakout could be delayed until October unless it manages to overcome the key $59,600 resistance.

The Toncoin price crashed hard for the second consecutive day after authorities arrested Pavel Durov, the founder, CEO, and majority owner of Telegram. He was arrested in France and will likely be held for a while.

Telegram founder arrested

Pavel, who was recently interviewed by Tucker Carlson, will likely be charged on multiple offences like fraud, money laundering, and complicity. He may also be charged with evading Russian sanctions since Telegram does a lot of business in the country. 

It is still too early to determine the outcome of the lawsuit and what to expect. However, in an X post, the TON Foundation maintained its support of Pavel. Elon Musk also chimed in, sending an X post with the hash tag #FreePavel. 

Today more than ever, we see the need for freedom of speech and decentralization – two causes championed by @durov and core tenets of the TON ethos.

We are confident that the TON and TG communities will emerge from this with greater strength. #FREEDUROV

– TON Ventures

— TON_Ventures (@TON_Ventures) August 25, 2024

Tucker Carlson also expressed his support for Pavel. In a long X post, he noted that Pavel left Russia when the government tried to censor Telegram. He also added that the arrest happened in a Western country and a NATO member.

Pavel Durov left Russia when the government tried to control his social media company, Telegram. But in the end, it wasn’t Putin who arrested him for allowing the public to exercise free speech. It was a western country, a Biden administration ally and enthusiastic NATO member,… https://t.co/F83E9GbNHC

— Tucker Carlson (@TuckerCarlson) August 24, 2024

News of his arrest pushed Toncoin significantly lower, reaching a low of $5.37, its lowest point since August 6 of this year. It has now dropped by over 35% from its highest point this year. 

As it dropped, the token also moved below the 50-day and 200-day Exponential Moving Averages (EMA), meaning that bears are in control.

Focus turns to Bitcoin Dogs

Now, with the TON token falling, analysts and traders are focusing on the Bitcoin Dogs price, which is starting to gain momentum among crypto traders.

The price has performed as most analysts were expecting. In most periods, cryptocurrencies drop sharply after starting to trade as many of the presale buyers start selling. This is the case for Bitcoin Dogs, which raised over $13.5 million in its token sale.

The token has numerous potential catalysts that will push its price higher in the coming weeks. First, it has become significantly cheap as it was trading at $0.02456, down from a high of $0.12 this week. This makes it more attractive to contrarian investors who believe that it will bounce back. 

Second, Bitcoin Dogs will likely benefit when interest rates start falling in September. Jerome Powell, the head of the Fed, has confirmed that rate cuts are coming soon. If this happens, analysts expect that the Fed will deliver three cuts this year and continue the trend in 2025.

Fed cuts are good for risky assets like crypto as we saw in 2020 when the bak was slashing rates because of the Covid-19 pandemic. At the time, many cryptocurrencies like Dogecoin and Shiba Inu went mainstream and Bitcoin reached its all-time high of $69,000. 

Third, Bitcoin Dogs developers have a lot in store, including more exchange listings and the growth of its ecosystem through new product launches. For example, they plan to more to key areas like NFTs and staking. 

Historically, we have seen many meme coins crash and then bounce back. For example, Pepe crashed hard in 2023 and has now bounced back by over 1,600% from its lowest point on record. Learn more about Bitcoin Dogs here.

The post TON price slips after Telegram CEO arrest: traders focus on Bitcoin Dogs appeared first on CoinJournal.

Cryptocurrency prices remained in a tight range on Monday, with Bitcoin continuing its consolidation around the key support at $60,000 and the market cap of all coins hovering at $2.06 trillion. The crypto fear and greed index was stuck at $46 while volume in exchanges has retreated. This article looks at three top coins like Bitcoin Dogs, Tron, and Akash Network.

Bitcoin Dogs price forecast

Bitcoin Dogs is a relatively new cryptocurrency that started trading earlier this month. In most cases, new cryptocurrencies tend to have some volatility as some of the pre-sale buyers exit their positions. They also drop as they move into a price-discovery phase. 

Bitcoin Dogs had one of the most successful token sales of the year as the developers launched over $13 million from investors. Its main call-to-action was that it was the biggest Initial Coin Offering (ICO) on the Bitcoin network.

ODOG token dropped sharply, reaching a low of $0.0060 on Thursday. Fortunately, two main things have happened, which could push the highly undervalued Bitcoin Dogs token higher. First, it has had two consecutive days of bullish volume, meaning that buyers are starting to come back in.

Second, Bitcoin Dogs has formed a small doji candlestick pattern, which is characterized by a small body and upper and lower shadows. In most cases, this is one of the most popular reversal signs in the market. This reversal sign is usually confirmed when the doji is followed by a big bullish candle, which is what happened on Thursday.

Therefore, while it is too early to tell, there is a likelihood that this is the beginning of a new bull run. If it happens, the token will likely rise to the key resistance point at $0.050, 151% above the current level. You can learn more about Bitcoin Dogs here.

Tron price analysis

Tron has been one of the best-performing cryptocurrencies this week as it soared to a record high of $0.1690. This rally happened because of its strong fundamentals and the recent launch of SunPump, the meme coin generator on Tron. 

Tron meme is about to explode soon. I saw a hater once predicted that Tron meme wouldn’t survive two weeks. Well, it’s been two weeks now. Then I saw him say：Nothing can stop Tron now. Is it still possible to join Tron in time?

— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 29, 2024

On the daily chart, Tron has remained constantly above all moving averages. It has also risen above the key resistance point at $0.15. Most notably, Tron flipped the important resistance point at $0.1448 into a support level. This was an important level since it was the upper side of the cup and handle pattern. 

Tron has both strong fundamentals and technicals, meaning that it will most likely stage a strong comeback, with the next point to watch being at $0.1690, its highest point this week. A break above that level will point to more upside.

Akash Network price prediction

Akash Network token retreated sharply on Thursday as artificial intelligence (AI) tokens fell after Nvidia’s earnings. It dropped for three consecutive days, moving below the key support at $3, the neckline of the slanting double-top chart pattern.

Akash Network has formed a death cross pattern as the 200-day and 50-day moving averages crossed each other. The token also moved below the key point at $2.60, its lowest point on July 5. 

Therefore, the outlook for the token is bearish, with the next point to watch being the psychological point at $2.0.

The post Crypto price predictions: Bitcoin Dogs, Tron, Akash Network appeared first on CoinJournal.

Toncoin reached a significant milestone with 1.1 million daily users, but its market experienced turbulence following the arrest of Telegram CEO Pavel Durov.

According to the prominent voice for effective altruism, Sam Bankman-Fried’s version of the philosophy was only one among many.

The X post draws immediate similarities to a previous post of FTX’s Sam-Bankman Fried, back when the Solana token was trading at just $3.