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TON Price Expected – Up 32% This Week, But Is FightOut A Better Investment?

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The Open Network (TON) has been one of the leaders in the cryptocurrency world in the past week. The network token of popular instant messaging platform Telegram has gained traction after posting a two-month weekly rise of 32%.

TON’s meteoric rise was due to a number of strong fundamental events. Digital assets have grown by leaps and bounds, which indicates a remarkable growth in their ecosystem. Below, we review the fundamental strength behind the digital currency and if a new crypto project promises a better return in the coming weeks.

TON joins Atomic Wallet

Looking at the broader crypto market crash, Several projects saw their underlying strength weaken as investors became more cautious. However, TON did not slow down and continued to integrate its network. One such feature is its recent integration with the Atomic Wallet system.

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As announced in a recent tweet, the TON blockchain can now be accessed through a self-custody cryptocurrency wallet. This will allow users to interact directly with ERC-20 token on the atomic wallet space. The partnership is expected to officially start early next year, but the cryptocurrency market has reacted positively to the news.

This comes after a CoinMarketCap report indicating that more than 250,000 investors have already added the TON asset to their watchlist.

Biget TON lists

After completing its integration engine, TON crypto has made another major listing for the centralized crypto exchange. This time, it is one of the best global bitcoin exchanges, Bitget. As announced in a December 14 tweet, Bitget’s 10 million customers will be able to deposit TON and withdraw TON assets on December 21.

Another cryptocurrency trading platform expanded its TON trading options last week. According to the tweet, Gate.io clients can now trade TON/USDT perpetual futures contracts.

TON Technical Analysis

Developed by Telegram, TON is a layer-one blockchain network that aims to bring together billions of users. The platform offers ultra-fast transactions, low fees, and intuitive and environmentally friendly decentralized applications (dApps).

The TON encryption It recently resurfaced after being dumped by the Telegram team due to legal issues with the US Securities and Exchange Commission (SEC). Despite its volatile past, crypto assets have continued to perform in an even larger bear market.

At press time, TON is trading at $2.43, which indicates an uptrend of 1.79% in the last 24 hours. Although this may sound trivial, digital assets are traded higher than broader assets. crypto market. Its impressive trajectory is best shown in its seven-day performance, which is up 32% year to date.

Its one-month growth rate increased to 41.9%, with its year-to-date performance of 19.55%.

TON_1D_graph_coinmarketcap (1)

Technically, TON is above all of its moving averages (MAs), which range from 10 days to 100 days. The Relative Strength Index (RSI) is also in the under-bought area at 59.5. This means that there is a continued opportunity for an upward trend push.

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The Moving Average Convergence Divergence (MACD) is currently decreasing from a sell signal, which means that investors are returning to the market.

While TON showed strong technical and fundamental performance, a new crypto project is attracting the attention of many investors. Since it is currently in a pre-sale stage, value-driven investors can buy low for higher margin gains.

FightOut – The new M2E Fitness Web 3 app

according to Statista Per the report, the health fitness industry is currently worth $96 billion. However, the healthcare industry has been slowing down due to a lack of ground-breaking technology, and FightOut appears to be the answer, as it includes healthy and regular fitness frameworks to boost the space.

The blockchain project is a Move-to-Earn (M2E) sports game series that fuses real-world workouts with competition in the metaverse. The platform directly tracks the health of its users through a fitness app while giving them a community to connect with.

Although it is not the first M2E project-FightOut is unique. It is a short term M2E project. According to the development team, the pre-render is only set for one stage. In this way, only a limited number of investors can purchase the next STEPN product.

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So far, the FightOut Project He has already secured over $2 million in investments. This indicates the strong investor interest and the huge potential it offers.

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Blockchain

BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

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BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

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DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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