The post ETH Supply Pressure Rises, TON Price Forecast, BDAG Nears $100M appeared on BitcoinEthereumNews.com.

Market changes and trading moves are creating exciting times in the crypto market. Ethereum is facing supply problems as its prices have sharply fallen. Meanwhile, Toncoin’s price predictions remain strong. Even with market ups and downs, the increasing supply of stablecoins points to a positive future for Toncoin. In the presale arena, BlockDAG (BDAG) is almost at a major milestone of $100 million. Crypto experts suggest now might be the best time to buy BDAG coins, as prices are likely to rise soon. Expectations of up to a 20,000x return for early buyers highlight the excitement around BlockDAG. Ethereum Faces More Supply Pressure as Prices Drop On October 11, 2024, Ethereum’s supply was squeezed even more as prices fell to $2,401, dropping nearly 2% in a day. This downturn is part of a larger market slump. However, a potential large-scale sale by Chinese officials poses a specific threat to Ethereum’s market standing. Recently, 7,000 ETH were moved to trading platforms from a bigger stash that had been confiscated. This has caused the amount of Ethereum available on exchanges to hit a three-week high. This boost in Ethereum on exchanges could lead to more selling, potentially impacting its market behavior. Toncoin Prices Hold Steady Despite Market Fluctuations Even though it slipped below the $5.20 level, the outlook for Toncoin prices is still looking hopeful. Over the past week, Toncoin has held the $5 support line amid widespread market sales. However, the rising number of stablecoins on the Toncoin network signals some solid underlying strength. While Toncoin prices are currently at about $5.04, the community remains optimistic. This positive view is supported by a notable 17.76% boost in supply volume to $194.63 million. As the market finds its balance, Toncoin fans are hopeful for future improvements, especially as Telegram Mini Apps become…

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Filed under: News - @ October 17, 2024 11:19 pm