The post This Altcoin Is Already Generating 100s of Thousands of Dollars in Revenue; XRP Falls 10% on SEC Appeal, Toncoin News appeared on BitcoinEthereumNews.com.

We’re now in Uptober, generally the most bullish month for crypto, but one look at Bitcoin and top altcoins, and you might think all is bearish. Fear not. News isn’t so good for the XRP Army, with the XRP SEC appeal back in the courts, and this could potentially affect the price in the short term. In other parts of the altcoin market, Toncoin’s recent bearish price action defies its growing adoption, but is there much to worry about? The new altcoin, Rollblock, is now in stage 7 of its presale, and with it already earning revenue for all, it’s clear why investors are flocking to it. The XRP SEC appeal is another potential roadblock to the price With the XRP SEC appeal reigniting the court case, it triggers a potential factor in XRP’s near term price action. As the appeal against the previous court ruling progresses, uncertainty looms over the future of what was once one of the top altcoins. Investors are obviously concerned about the potential regulatory outcomes and the outcome of XRP’s status as a non-security. Until the court case is fully resolved, the XRP SEC appeal will likely mean some bearish momentum for XRP. Toncoin adoption growing rapidly but price remains bearish The TON price is down 30% from its June all-time high (ATH), but growing adoption suggests potential for a rebound in Toncoin. The integration of the TON Space crypto wallet on Telegram has introduced over 11 million monthly active addresses, which puts Toncoin up there with other leading blockchains for usage. This surge in engagement on Toncoin highlights the potential for mass adoption, and if it can attract other platforms like Telegram, there’s no reason why TON won’t see some positive price action. Rollblock has potential to be one of the top altcoins Rollblock…

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Filed under: News - @ October 6, 2024 6:06 pm