The post Avalanche Sets Sights On Pushing Toncoin Out Of Crypto Top 10 appeared on BitcoinEthereumNews.com.

SPONSORED POST* Avalanche (AVAX) is aiming to knock Toncoin (TON) from the crypto top ten as the cryptocurrency sets high aspirations in the blockchain technology space. However, analysts are growing more positive about Rollblock (RBLK) and predict it will beat Avalanche and Toncoin. This anticipated shift demonstrates the potential for new crypto projects along with a substantial market realignment as new players emerge and grab investors’ attention. Could Avalanche (AVAX) Hit $30 Before The End Of The Year? Avalanche (AVAX) is trading between $26 and $30 with a $25.49 support level. Avalanche lost nearly 4% this week and over 3% last month. Technical indicators RSI 35.80 and ] Stochastic 14.52 indicates Avalanche is oversold and might rebound soon. If Avalanche gains traction, it might test the resistance level at $31.64 or over 17% above current prices. But if the bearish patterns continue, the price might drop to the next support level at $22.41 by about 17%. Traders are watching these levels for a breakout or further decline. Toncoin (TON) Remains Committed To Creating A Whole Ecosystem Toncoin (TON) is the indigenous cryptocurrency of the Open Network, a decentralized, open-source Layer-1 blockchain created by Ton Foundation along with other organizations. Created by Telegram as the Telegram Open Network, it featured the ‘Gram’ token but was halted in 2020 on a court order of the SEC. It was later revived by The community as The Open Network. Toncoin follows a Proof-of-Stake (PoS) consensus approach to enhance community stability and dependability. Toncoin’s primary goal is to provide fast and secure payment services with low transaction fees. Additionally, Toncoin aims to develop a comprehensive ecosystem that includes decentralized storage, services, DNS, anonymous networking, and efficient payment processing. With a focus on scalability and diverse functionalities, Toncoin plays a significant role in the evolving landscape…

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Filed under: News - @ October 27, 2024 10:12 pm