The cryptocurrency market continues to be a place where established players make strategic moves and altcoin projects experience unexpected fluctuations. Here are the critical developments in the field of Bitcoin and altcoins…
TON announcement from Telegram: Altcoin jumped
Messaging giant Telegram has taken a bold step towards integrating cryptocurrency into its platform. They introduced TON-based advertising, which allows users to purchase ads using Toncoin, the native currency of the TON Blockchain. This move leverages TON’s benefits, including low transaction fees and fast speeds, making it an attractive option for cost-effective advertising campaigns.
Moreover, Telegram rewards channel owners generously. 50% of the revenue from ads displayed on the channels goes directly to the channel owner. This encourages content creation and fosters a vibrant ecosystem within Telegram. At this point, the price of TON experienced an increase.
BCH is on the rise with the expectation of halving
While all eyes are on the upcoming Bitcoin halving, Bitcoin Cash (BCH) has been attracting attention with its recent increase. BCH, the product of a hard fork in the Bitcoin blockchain, skyrocketed to a three-year high of $699.45. Similar to Bitcoin, BCH undergoes a halving event every four years, reducing block rewards and potentially affecting scarcity and price. As the halving event approaches, investors are rushing in anticipation of a price increase.
DOGE experienced an unforgettable comeback: Altcoin price skyrocketed
Dogecoin (DOGE), the granddaddy of meme coins, is making a remarkable comeback. DOGE gained over 25% in the past week and is now trading at $0.2156, with a market cap exceeding $30 billion. On-chain data reveals a significant increase in activity from major DOGE holders, indicating renewed interest from major investors. Additionally, some analysts believe that DOGE’s current trajectory reflects the growth pattern observed between 2018 and 2021, potentially signaling the beginning of a parabolic bull run.
OpenAI announcement critical for Worldcoin
In other news, OpenAI, the research group behind the powerful ChatGPT language model, is expanding into Asia. The first Asian office will be established in Tokyo, Japan. This development is critical for Worldcoin (WLD), which is affiliated with OpenAI founder Sam Altman.
Conflux excitement in China’s Blockchain project
According to Chinese journalist Wu Blockchain, the Chinese government has launched a large-scale Blockchain project titled “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.” This project will be managed by Conflux Network, a leading Blockchain platform. The primary goal of this project is to create a public Blockchain infrastructure platform that facilitates cross-border cooperation under the Belt and Road Initiative. This initiative increased the price of CFX by 10 percent. However, it is worth noting that the cryptocurrency experienced a sudden decline.
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