Altcoin News Official TheBitTimes.com

Cryptocurrency analyst and trader Ali Martinez is leaning cautiously bullish on an Ethereum-based altcoin. Martinez tells his 70,300 followers on the social media platform X that the native token of the Ethereum (ETH) scaling solution Polygon (POL) is forming a descending triangle pattern, on the weekly chart. A descending triangle pattern is typically considered a bearish signal. According to Martinez, POL could appreciate by 155% from the current level if the support area at around the $0.34 price holds up. Source: Ali Martinez/X POL is trading at $0.369 at time of writing. If Polygon’s $0.34 support level fails, Martinez says, “However, if it breaks, a correction down to $0.19 is possible.” Source: Ali Martinez/X Next up is Bitcoin (BTC). Martinez says that earlier in the year, the Tom DeMark (TD) Sequential indicator, a tool used in technical Analysis to identify potential trend reversals, turned bearish. According to the analyst, Bitcoin mu...

Telegram CEO Pavel Durov was arrested in France this Saturday, August 24. His arrest raised concerns about the messaging app’s future and related cryptocurrencies like the Toncoin (TON) from The Open Network. French authorities arrested Pavel Durov at the Bourget airport outside of Paris under allegations of facilitating criminal activities on Telegram. According to an SCMP report, Durov was under investigation due to a “lack of moderation” on the messaging app. He will face possible indictment today, which may affect Telegram and TON. Despite ongoing efforts to separate The Open Network brand from the messaging app, Toncoin surged mainly because of Telegram’s reputation, user base, and infrastructure. Therefore, growing uncertainties related to the future of the company could affect the market’s confidence in the cryptocurrency. Picks for you ...

Following the continued ascension of both cryptos, Ripple (XRP) and Toncoin (TON) have created a path to a $50 million market cap in 2024. Indeed, the assets have both emerged as key tokens this year for very different reasons. Therefore, they could be poised to shake up the crypto market in the coming months. Currently, the global crypto market has a value of $2.19 trillion. That is driven by Bitcoin and Ethereum, who keep on setting the standard with their ETF approval this year. However, XRP and TON could be set to bring a new crypto to intrigue a growing investment base. Also Read: Ripple: Bullish Indicators – Why XRP Could Break $0.93 Soon! XRP Eye’s Massive Surge As Legal Woes Near a Conclusion Entering the year, Ripple had immense potential. The company was set to reach a settlement in its years-long legal battle with the US Securities and Exchange Commission (SEC). Moreover, that regulatory clarity was set to be massively important for the asset’s price movement. Tha...