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  • Toncoin signals bullish momentum as Bitcoin Dogs gears for its debut on three exchanges

    Toncoin signals bullish momentum as Bitcoin Dogs gears for its debut on three exchanges

    Toncoin signals bullish momentum as Bitcoin Dogs gears for its debut on three exchanges
    • BARR pattern breakout signals a potential 40% rise to $9.50 for Toncoin (TON).
    • Binance listing and Injective integration boost Toncoin’s price and liquidity.
    • Bitcoin Dogs’ 0DOG token will debut on Gate.io, MEXC Official, and Unisat Wallet.

    As August progresses, Toncoin (TON) and Bitcoin Dogs, two prominent players in the cryptocurrency space are capturing the spotlight. Toncoin is showcasing impressive bullish momentum, while Bitcoin Dogs is preparing for a significant market debut.

    With the crypto market witnessing fluctuating trends, these developments offer intriguing insights into the evolving landscape of digital assets. This article delves into the bullish signals for Toncoin and the highly anticipated launch of Bitcoin Dogs on major exchanges.

    Toncoin bullish momentum and technical analysis

    Toncoin (TON) has exhibited strong bullish signals, positioning itself as one of the top-performing cryptocurrencies.

    As of August 19, 2024, Toncoin is trading at $6.82, reflecting a notable rise of 8.36% over the past week, despite a broader market decline. This surge is attributed to several key factors, including technical patterns, fundamental developments, and on-chain data.

    One of the most compelling technical indicators for Toncoin is its breakout from a Bump-and-Run Reversal (BARR) pattern. This pattern, often a precursor to significant upward movement, suggests a potential price increase of around 40%, targeting the $9.50 mark.

    The BARR setup begins with a lead-in phase, followed by a sharp downturn (bump), and culminates in a recovery and eventual breakout (run). Recent price behaviour aligns with this setup, reinforcing the bullish outlook.

    The breakout, which occurred around August 18, 2024, was marked by a sustained rise above the previous declining trendline, coupled with increased trading volume. This technical shift is further supported by Toncoin trading above its 50-day and 200-day exponential moving averages (EMAs), both of which are showing upward slopes.

    Additionally, the Relative Strength Index (RSI) remains above the neutral 50 level, indicating continued buying pressure despite short-term overbought conditions.

    Fundamental factors have also played a crucial role in Toncoin’s recent price surge. Notably, the listing of Toncoin on Binance on August 15, 2024, has significantly improved its liquidity and market accessibility.

    Furthermore, the integration of Toncoin with the decentralized finance protocol Injective on August 14, 2024, has enabled TON-based assets to be utilized within Injective’s ecosystem, enhancing its utility and adoption.

    On-chain data further supports the bullish sentiment surrounding Toncoin. Analysis shows a redistribution of tokens from large holders (whales) to smaller investors. As of August 19, 2024, the percentage of Toncoin held by addresses with 100,000 to 1,000,000 coins has declined, while the share held by addresses with 10,000 to 100,000 coins has increased.

    This shift indicates growing buying interest among mid-sized investors, often a precursor to bullish price action.

    Bitcoin Dogs’ major market debut on August 21

    In a parallel development, Bitcoin Dogs is set to make a significant market debut on August 21, 2024. The project, which raised over $13.496 million in its presale, will list its 0DOG token on three major exchanges: Gate.io, MEXC Official, and Unisat Wallet.

    This milestone marks the transition from its presale phase to active trading and is expected to generate substantial interest and trading activity.

    Bitcoin Dogs is notable for being the first-ever ICO on the Bitcoin blockchain, combining blockchain technology with canine-themed digital assets. The project features a metaverse called the Dogaverse, where users can engage in various activities, including gameplay and NFT trading centred around a canine theme.

    The presale of Bitcoin Dogs was a resounding success, and the upcoming exchange listings represent a pivotal moment for the project. The strategic choice of exchanges reflects Bitcoin Dogs’ commitment to expanding its market reach and providing ample liquidity for its tokens.

    The token claim process will also commence on August 21, allowing presale participants to access their tokens.

    Looking ahead, Bitcoin Dogs has outlined an ambitious roadmap, including a game beta, token staking, and multi-chain support. The project’s innovative blend of blockchain technology and canine culture positions it as a unique player in the crypto space, with further developments planned for late 2024 and early 2025.

    Conclusion

    As Toncoin signals bullish momentum with promising technical and fundamental indicators, and Bitcoin Dogs (0DOG) gears up for its major exchange debut, these developments underscore the dynamic nature of the cryptocurrency market.

    Investors and enthusiasts alike are keenly watching these developments, which could shape the future trajectory of these digital assets.

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  • Bitcoin miner GRIID makes NASDAQ debut after SPAC merger

    Bitcoin miner GRIID makes NASDAQ debut after SPAC merger

    • GRIID begins trading on NASDAQ post-SPAC merger, enhancing market presence.
    • NASDAQ debut follows a successful merger with Adit EdTech Acquisition Corp.
    • GRIID’s listing underscores the growing integration of cryptocurrency firms into traditional markets.

    GRIID, a US-based Bitcoin mining company, has officially commenced trading on the NASDAQ Global Market, heralding a new chapter in its journey. Known for its vertically integrated mining facilities leveraging sustainable energy, GRIID’s foray into the NASDAQ marks a notable milestone in the cryptocurrency sector’s intersection with traditional financial markets.

    The move signifies a pivotal moment for GRIID, emphasizing its strategic expansion and commitment to delivering value to shareholders.

    GRIID’s SPAC merger

    GRIID’s NASDAQ listing comes on the heels of a successful merger with Adit EdTech Acquisition Corp, a special purpose acquisition company (SPAC). This strategic move underscores GRIID’s dedication to fortifying its market position and enhancing shareholder value. With the completion of the merger on January 2nd, GRIID swiftly transitioned to public trading, showcasing its agility in capitalizing on market opportunities.

    As GRIID joins the ranks of publicly traded Bitcoin miners on NASDAQ, including industry giants like Coinbase Global and Marathon Digital, the cryptocurrency ecosystem continues to integrate into mainstream finance. GRIID’s presence on NASDAQ not only bolsters its visibility and liquidity but also underscores the growing investor interest in cryptocurrency-related ventures.

    GRIID’s NASDAQ debut marks a significant milestone for the company and the broader cryptocurrency industry. With its innovative approach to Bitcoin mining and strategic market moves, GRIID is poised to make waves in the financial landscape, further bridging the gap between traditional finance and the burgeoning world of digital assets.

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  • Shiba Inu (SHIB) and Cardano (ADA) Staring at Bottomless Pit After Snowfall Protocol (SNW) Debut? – CryptoMode

    Shiba Inu (SHIB) and Cardano (ADA) Staring at Bottomless Pit After Snowfall Protocol (SNW) Debut? – CryptoMode

    The crypto market is rife with speculations. That’s true. However, coincidences are a rare thing. Every rumor and every development triggers frantic buying and selling of assets. So, when one token loses and the other gains, there’s a good chance that the behaviors are closely related. Such conjectures get validated with more evidence of tangled behavior. Consider the case of Snowfall Protocol (SNW), Shiba Inu (SHIB), and Cardano (ADA). Snowfall Protocol (SNW) has consistently claimed new highs with each passing week since its launch. And coinciding with this launch, Shiba Inu (SHIB) and Cardano (ADA) appear to be seeking a bottomless pit.

    >>BUY TOKENS<<

    Shiba Inu’s Unstoppable Slump

    On a micro level, things are going great for Shiba Inu. Shiba Inu’s card game, Shiba Eternity hit a new milestone in customer rating as it reached 5 stars from its previous 4.9 stars. Additionally, Shiba Inu will soon be accepted by Google Cloud as payment for its cloud services. None of these developments have managed to turn what increasingly looks like a nosedive in Shiba Inu’s price. Why?

    Also Read: BlueZilla Launches LUNCHBOX – Decentralized Prediction Platform for $LUNC Burning

    The answer to this question can be found in a newcomer to the De-Fi industry, Snowfall Protocol (SNW). Snowfall Protocol (SNW) is a cross-chain bridge that connects several cryptos, NFT platforms, NFT marketplaces, and other blockchains. Unlike other cross-chain bridges in the market, Snowfall Protocol (SNW) is connecting new cryptos and NFT platforms to its bridge at an accelerated pace. This does not bode well for Shiba Inu, which is a meme coin, and a copycat of Dogecoin, another meme coin. Users and developers can quickly drop Shiba Inu in favor of dozens of other copycats that offer precisely the same features as Shiba Inu and more – faster transactions, lower fees, more security, and so on.

    Snowfall Protocol’s (SNW) arrival has triggered a migration of users from Shiba Inu, and no good news appears to stop it.

    Cardano’s (ADA) Burgeoning Weakness

    Cardano (ADA) has attracted thousands of developers to its platform in recent weeks. However, the claims by Cardano’s founders regarding its adoption remain questionable. A few months ago, Cardano had a total value locked (TVL) of a mere $63, which is abysmal for a $12 billion market cap cryptocurrency. That proves that most of Cardano’s users are small-time retail investors. Cardano has received no love from institutions and developers.

    Unlike larger coins like Ethereum, Cardano does not have a sizeable thriving ecosystem of developers. On the other hand, it does not offer hard-to-replace utility to any niche groups on Metaverse. So, Cardano is neither here nor there. Against this background came Snowfall Protocol (SNW). Snowfall Protocol (SNW) makes it possible for users to buy NFTs on Cardano and use them on Decentraland or Sandbox, or any of the numbers NFT-supporting platforms really.

    WithSnowfall Protocol (SNW), users can buy cryptos or NFTs on one platform and hold or use them on another. So, why should developers or users stick to any one platform? NFT developers can benefit greatly from moving to a platform that costs them the least in transaction fees and development. Or, they can move to platforms where their users actually use their NFTs – any of the game-Fi platforms.

    Snowfall Protocol (SNW) is challenging the dominance of cryptos like Cardano by making even the latter’s smallest competitors their biggest challenges.

    Website: https://snowfallprotocol.io

    Telegram: https://t.me/snowfallcoin

    Presale: https://presale.snowfallprotocol.io

    Twitter: https://twitter.com/snowfallcoin

    Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

    CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio.
    Contact us if you have any questions: [email protected]
    None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments.



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