- Bitget and Foresight Invest $30 Million in TON
- RCO Finance Exhibits Bullishness Amid Increased Adoption
- Notcoin Drops 75% From All-Time High
Toncoin (TON) is gaining momentum, while Notcoin (NOT) is experiencing a significant price drop. Let's find out what is driving these changes.
Bitget and Foresight Invest $30 Million in TON
The Open Network (TON) has secured a substantial investment from top crypto exchange Bitget and leading investment company Foresight Ventures. This was announced in an X post on September 18. According to the exchange, Bitget and Foresight Ventures are investing $30 million into the TON ecosystem. The investment will be channeled towards improving GameFi and TapToEarn, games based on Telegram. Toncoin has received significant recognition due to its integration into Telegram, leading to the creation of games like Hamster Kombat and Notcoin. With over 900 million Telegram users, Toncoin is gaining significant exposure. Since the integration, TON has seen a 10-fold increase in DEX volume, Total Value Locked, and on-chain transactions. In the last 24 hours, Toncoin's price has increased by 2.27% to $5.64, near a new high of $6.00.
RCO Finance Exhibits Bullishness Amid Increased Adoption
RCO Finance is making strides in its ongoing presale, leading to gains in the price of its token RCOF. RCO Finance is an AI-powered platform that aims to transform crypto investing and trading processes through an AI-driven tool. This tool, known as a robo-advisor, will allow investors to trade more efficiently by going through the entire investing process, including research, analysis, execution, and monitoring of trades. In addition to the tool, RCO Finance offers access to over 120,000 digital assets for trading. Furthermore, SolidProof has conducted a comprehensive audit of the platform to minimize potential risks for users.
Notcoin Drops 75% From All-Time High
Notcoin has experienced a significant decline, losing 75% of its market value. Since its launch on The Open Network (TON) earlier this year, the token's price peaked at $0.029 in June 2024 but has since fallen to $0.0075. The main factors behind the decline include a mass sell-off by airdrop holders and the arrest of Telegram CEO Pavel Durov in August. Despite the decline, analysts remain optimistic about a potential recovery, noting that a successful uptrend could bring the price up to $0.011. Currently, Notcoin has gained 4.51% and is trading at $0.0077.
Thus, significant price fluctuations continue in the world of cryptocurrencies. Toncoin and RCO Finance display positive trends, while Notcoin faces serious challenges.
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