Recent events in the cryptocurrency market are drawing attention. Toncoin is showing growth signals. Ethereum is experiencing a sharp drop in exchange supply, indicating a potential bullish signal. However, the real spotlight is on the upcoming release of BlockDAG's third keynote.
Market Signals for Toncoin
Toncoin prices have been climbing from $2.35 to $3.60 in the past two weeks, driven by strong buying interest. If the price surpasses the $3.90 mark, analysts suggest further upside. The 20 and 50-day moving averages are providing support, strengthening the bullish outlook.
Ethereum Exchange Supply Drop
The drop in Ethereum's exchange supply to a 10-year low could signal a bullish trend for ETH, as investors are more inclined to hold or stake their ETH rather than sell it. However, Ethereum's price remains in a downward-sloping channel, which may complicate short-term price movements despite the positive supply trend.
BlockDAG Hype Builds
BlockDAG is gearing up for a major event with the launch of its third keynote presentation. The project's previous successful presentations have garnered significant attention and raised $207 million in presale. The current price of $0.0248 and the hype around the next keynote encourage investors to keep an eye on the project's developments.
Overall, Toncoin has the potential to grow if it breaks through the $3.90 resistance. Ethereum shows a positive trend despite technical challenges. The BlockDAG event can have a significant impact, offering new opportunities and increasing interest in the project.
