As Bitcoin’s block reward halving approaches, a major change is expected in the cryptocurrency market. This event, occurring every four years, reduces the new Bitcoin supply, theoretically increasing the price. Altcoins are also affected by this situation, leading to increased volatility in the market. Particularly, price fluctuations in Dogecoin, TON Coin, and other important altcoins are noteworthy.
Dogecoin’s Status and Expectations
Dogecoin is trying to hold on at significant support levels. If the market remains stable and Bitcoin does not experience a major decline, the price of Dogecoin could rise to $0.17. However, in the case of potential declines, price levels of $0.14 and $0.12 may be tested. In the case of heavy selling, the price could fall to $0.10.
TON Coin and Its Potential
With support from Telegram, TON Coin has the potential to increase its value by facilitating stablecoin transfers among users. Recovery from support of USDT and an ascending channel formation create a positive outlook for TON Coin.
Useful Information
Bitcoin halving generally has a positive impact on the market and can lead to price increases.
Altcoins like Dogecoin and TON Coin can experience rapid price changes depending on the overall market trends.
Support from major platforms like Telegram for cryptocurrency projects can increase the usage and value of a coin.
The cryptocurrency market is often prone to new scenarios with important developments like halving events. Investors should closely monitor market movements during these periods to be prepared for sudden changes. Experts recommend conducting comprehensive market analysis and planning risk management before making any investments.
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