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October, Known as 'Uptober” in Crypto Circles, Brings Three Key Developments

Susan Sarandon
Susan SarandonOriginal
2024-10-04 04:12:111033browse

Toncoin (TON) struggles to break past the $5.96 resistance level and may continue fluctuating between $5.37 and $5.96 without a decisive support shift.

October, Known as 'Uptober” in Crypto Circles, Brings Three Key Developments

October in the crypto world is set to be an exciting month, with three key developments poised to impact the market.

Toncoin (TON) has been encountering resistance at the $5.96 level. If this resistance holds, the cryptocurrency could continue fluctuating within the range of $5.37 to $5.96 without any decisive support shift. However, there might still be a chance for an upward push.

Meanwhile, Celestia (TIA) is preparing to release 175.56 million tokens on October 30. This massive release, valued at approximately $1 billion, will increase TIA’s circulating supply by about 82%.

On the other hand, BlockDAG is making a bold attempt to break into the top 10 cryptos with its $79.5 million presale and an enticing 50% bonus on BDAG coin purchases, available until October 14. With an impressive 1820% gain since its launch, BlockDAG's rapid growth and potential 20,000x ROI have drawn global attention, making it the crypto to watch this month.

Toncoin Price Prediction: Will It Hit the $6.36 Mark?

Toncoin recently struggled to break the $6.00 barrier, falling just short at $5.96. Despite this setback, it’s still within reach of an upward push. However, the current market signals show a dip in bullish momentum, as indicated by the shrinking green bars in the MACD.

There’s still a chance for a rally if TON can turn the $5.96 resistance into a solid support level. Should this happen, a climb to $6.36 becomes a real possibility. On the flip side, failure to break past $5.96 could result in cryptocurrency trading within the range of $5.37 to $5.96 for a while, indicating a period of stagnation. The next few days will be crucial in determining TON’s short-term direction.

Celestia’s Token Unlock: A Game-Changing 175.56M Tokens Set for Release

On October 30, Celestia is set to release a massive 175.56 million TIA tokens, valued at approximately $1 billion. This substantial unlock will increase the token’s circulating supply by about 82%, significantly affecting the market dynamics. These tokens are earmarked for early backers and core contributors who played key roles in the project’s initial stages.

Impact of BlockDAG’s 50% Bonus: Batch 23 Almost Sold Out!

BlockDAG's revenue has recently surged past the $79.5 million mark, and the presale isn't even halfway complete. This rapid growth has been fueled significantly by the project's current 50% bonus offer, celebrating the success of their testnet launch. With this bonus, every purchase of BDAG coins comes with an additional 50%, regardless of the amount, drawing massive attention from the crypto community.

This special offer is set to conclude on October 14, the same day BlockDAG plans to unveil its revamped platform and website. The platform is buzzing with activity, seeing thousands of new holders daily and significant purchases from larger buyers. Currently priced at just $0.0192, BDAG has already delivered an astounding 1820% return to its early holders, making it one of the year’s standout performers.

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