As Bitcoin’s block reward halving approaches, a major change is expected in the cryptocurrency market. This event, occurring every four years, reduces the new Bitcoin supply and theoretically raises the price. Altcoins are also affected by this situation, leading to increased volatility in the market. Price fluctuations in particular in Dogecoin, TON Coin, and other major altcoins are noteworthy.
The Situation and Expectations of Dogecoin
Dogecoin is trying to hold onto significant support levels. If the market remains stable and Bitcoin does not experience a major decline, Dogecoin’s price could rise to $0.17. However, in possible declines, the $0.14 and $0.12 levels could be tested. In the case of excessive selling, the price could drop to $0.1.
TON Coin and Its Potential
The support provided by Telegram allows TON Coin to facilitate stablecoin transfers among users, increasing the coin’s value potential. The support from USDT and the recovery coming from the ascending channel formation create a positive outlook for TON Coin.
Useful Information
Bitcoin halving generally has a positive impact on the market and can increase prices.
Altcoins like Dogecoin and TON Coin can experience rapid price changes based on general market trends.
Support from major platforms like Telegram for cryptocurrency projects can increase the usage and value of the coin.
The cryptocurrency market is often prone to new scenarios with important developments such as halving events. Investors should closely monitor market movements during these periods and be prepared for sudden changes. Experts recommend conducting a comprehensive market analysis and planning risk management before making any investments.
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