The crypto market continues to display volatility in September, with Toncoin (TON) falling 7% in the past 24 hours.
TON is now hovering around the $2.33 level and investors are now pondering whether this is just a minor pullback or a sign of a deeper correction.
Meanwhile, emerging crypto Bitcoin BSC (BTCBSC) continues to defy the bearish sentiment, raising $4 million in its ongoing presale event.
Toncoin has been one of the top gainers in the crypto market over the past month, rising 86% since August 19.
The coins performance has been made even more impressive, considering the broader crypto market has remained in a downtrend over this period.
While Bitcoin and Ethereum have struggled to make any significant headway, Toncoin has continuously posted higher highs and higher lows indicative of a strong uptrend.
However, over the past 24 hours, Toncoin has slid by 7%, retreating from Tuesdays high of $2.59.
Daily trading volume has also fallen 12% to $50.7 million, while the coins market cap will likely fall below $8 billion if the slide continues.
Digging deeper, data from Etherscan.io reveals that the number of unique TON holders has begun to plateau.
This could indicate that the massive growth Toncoin saw throughout August and early September might be starting to slow down.
The tapering off in new holders could be partly responsible for Toncoins recent price pullback.
Additionally, broader weakness across the crypto market is likely weighing on sentiment around TON, with the Crypto Fear & Greed Index hovering dangerously close to Fear territory.
From a technical perspective, TONs price has rejected a key resistance zone around $2.60, which was also tapped in January and February of this year.
If this resistance holds, it could mean that TON faces some short-term challenges before attempting another push.
Some investors even speculate that a consolidation phase could be on the horizon, which often occurs after a coin experiences a sharp price rise.
Toncoins value also appears to be affected by the Federal Reserves hawkish comments, which came after Fed Chair Jerome Powell opted to keep interest rates as they were on Wednesday.
Powell noted that the benchmark interest rate may be lifted once more this year to reach the 5.50%-5.75% range a move that could have a negative impact on the crypto market as a whole.
While Toncoin continues to face selling pressure, one emerging project is generating growing interest.
Bitcoin BSC (BTCBSC) has raised an impressive $4 million in its ongoing presale event, hitting its soft cap target in three weeks and setting its sights on the maximum $6 million hard cap.
BTCBSC aims to offer a second chance for investors to buy a Bitcoin-style asset at a low price, with the presale offering tokens for just $0.99 reminiscent of BTCs early days.
However, unlike Bitcoin, BTCBSC is based on the Binance Smart Chain and uses the BEP-20 standard, enabling it to offer staking rewards to token holders.
As outlined on Bitcoin BSCs staking dashboard, holders can earn yields of 130% per year by staking their BTCBSC, with rewards paid every 10 minutes.
Once Bitcoin BSCs presale ends, BTCBSC tokens will be listed on decentralized exchanges (DEXs), with 2% of the total token supply set aside to provide liquidity.
This liquidity will also be locked ensuring that early investors are protected from potential rug pulls or price manipulation.
Bitcoin BSCs team has even placed a great deal of focus on security and transparency, with the smart contract being strictly audited by Coinsult, one of the leading blockchain security firms in the industry.
As the presale heads toward its hard cap, the hype around BTCBSC continues to build hinting that it could be another breakout star, much like Toncoin.
Visit Bitcoin BSC Presale
Disclaimer: The above article is sponsored content; its written by a third party. CryptoPotato doesnt endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotatosfull disclaimer.
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.
The rest is here:
Toncoin Price Slides 7%, But Bitcoin BSC Continues to Defy Bearish ... - CryptoPotato
- Binances USDT exodus triggers suspicion: Will it increase FUD? - AMBCrypto English - November 26th, 2023 [November 26th, 2023]
- CoinGecko Expands Crypto API Offering with Zash Acquisition - CoinGecko Buzz - November 26th, 2023 [November 26th, 2023]
- Sergey Kondratenko: blockchain and decentralised finance (DeFi ... - Surinenglish.com - November 26th, 2023 [November 26th, 2023]
- Top 10 Cryptocurrencies to Watch in 2024 - Analytics Insight - November 26th, 2023 [November 26th, 2023]
- Bitdeal Unveils Cutting-Edge Multichain NFT Marketplace Development Solutions - WhaTech Technology and Markets News - November 26th, 2023 [November 26th, 2023]
- DeFi TVL down 30% YoY yet liquid staking and Tron based projects ... - CryptoSlate - October 12th, 2023 [October 12th, 2023]
- Crypto Trader Warns One Top-10 Blue-Chip Altcoin Not Looking ... - The Daily Hodl - October 12th, 2023 [October 12th, 2023]
- DeFi investors flee BNB Chain; What's happening? - Finbold - Finance in Bold - October 12th, 2023 [October 12th, 2023]
- The Best 5 BEP20 Wallet in 2023: All You Need to Know - Latest Cryptocurrency Prices & Articles - October 12th, 2023 [October 12th, 2023]
- Binance froze cryptocurrency accounts associated with Hamas amid ... - Tekedia - October 12th, 2023 [October 12th, 2023]
- Shiba Inu Price Prediction: Everlodge and Cosmos (ATOM) Lead Bullish Charge Amidst Crypto Turmoil - Yahoo Finance - October 12th, 2023 [October 12th, 2023]
- Trader Warns One Blue-Chip Altcoin Is Hanging On for Dear Life, Updates Outlook on Bitcoin and Ethereum - The Daily Hodl - September 23rd, 2023 [September 23rd, 2023]
- Blockchain testing considerations - ARC - September 23rd, 2023 [September 23rd, 2023]
- 2023 Crypto Battle: $BNB's Dominance, $XRP's Hype or $DOMI's ... - Analytics Insight - September 23rd, 2023 [September 23rd, 2023]
- How Has Binance and Other Companies Helped Donate to the ... - Finance Magnates - September 23rd, 2023 [September 23rd, 2023]
- What Cryptocurrency To Invest In 2022 - Robots.net - September 23rd, 2023 [September 23rd, 2023]
- What Is The Next Biggest Cryptocurrency - Robots.net - September 23rd, 2023 [September 23rd, 2023]
- Here's Why Toncoin Has Surged Over 40% to Become a Top 10 ... - CryptoPotato - September 19th, 2023 [September 19th, 2023]
- Binance Coin Price Is Hanging By A Thread Is BNB Going To $185? - Analytics Insight - September 19th, 2023 [September 19th, 2023]
- opBNB launches on mainnet: How did BNB react? - AMBCrypto News - September 19th, 2023 [September 19th, 2023]
- Ethereum Price Prediction as Grayscale Files For New Ether Futures ... - Cryptonews - September 19th, 2023 [September 19th, 2023]
- Bitcoin Price Continues to Grow & Surpasses $27K, as Stake-to ... - Finbold - Finance in Bold - September 19th, 2023 [September 19th, 2023]
- Seizing Opportunities in the Crypto Market Gambit enters the DEX ... - Digital Journal - September 19th, 2023 [September 19th, 2023]
- ChatGPT Has Given This Surprising Bitcoin Price Prediction for 2023 - Finbold - Finance in Bold - September 19th, 2023 [September 19th, 2023]
- Astar Announces Ethereum L2 but is Not Ditching Polkadot - BSC NEWS - September 19th, 2023 [September 19th, 2023]
- BNB VS BUSD Whats The Difference? - Tekedia - September 19th, 2023 [September 19th, 2023]
- This Altcoin Is More In Demand Than Ethereum Among High Net ... - Finbold - Finance in Bold - September 19th, 2023 [September 19th, 2023]
- 10 Memecoins You Should Invest in for September 2023 - Analytics Insight - September 19th, 2023 [September 19th, 2023]
- Heres why Bitcoin Cash has pumped 10% in a week, as Bitcoin BSC hits $3 million - FXStreet - September 19th, 2023 [September 19th, 2023]
- Pi Network Announces StreamVault as July Hackathon Winner - BSC NEWS - September 19th, 2023 [September 19th, 2023]
- This traders Bitcoin price prediction sees BTC hit a new ATH before 2024 halving, while BTC BSC token nears $3 million - FXStreet - September 19th, 2023 [September 19th, 2023]
- VeChain, Transforming Supply Chains with Smart Contracts - CryptoCoin.News - September 19th, 2023 [September 19th, 2023]
- Is Rollbit Coin Going to Zero? RLB Price Drops 10% Overnight as ... - Cryptonews - September 19th, 2023 [September 19th, 2023]
- Bitcoin Shows Stability As Experts Expect FED to Keep Rates ... - CryptoPotato - September 19th, 2023 [September 19th, 2023]
- North Korean Lazarus Group Reportedly Behind $54 Million CoinEx ... - BSC NEWS - September 19th, 2023 [September 19th, 2023]
- Japanese CAMPFIRE Ventures Into Web3 with Launch of Livefor - BSC NEWS - September 19th, 2023 [September 19th, 2023]
- SBF's Father Played a Crucial Role in FTX's Saga: Report - BSC NEWS - September 19th, 2023 [September 19th, 2023]
- OneCoin Co-Founder Karl Greenwood Sentenced to 20 Years in ... - BSC NEWS - September 19th, 2023 [September 19th, 2023]
- Introduction to TLifeCoin: Redefining Finance in a Digital Era - webindia123 - September 3rd, 2023 [September 3rd, 2023]
- CyberConnect Rejects Proposal CP-1 After CYBER Coin Dropped ... - Business Blockchain HQ - September 3rd, 2023 [September 3rd, 2023]
- Ethereum Gas Fees Explained Simply for Beginners - BTC Peers - September 3rd, 2023 [September 3rd, 2023]
- Best DeFi Trading Platforms: What Are the Top DeFi Platforms in ... - Captain Altcoin - September 3rd, 2023 [September 3rd, 2023]
- I asked ChatGPT about BNB as the fate of CZ-led Binance is in limbo - AMBCrypto News - September 3rd, 2023 [September 3rd, 2023]
- Fetch.ai (FET) Continues 2023 Momentum, up Almost 200% Year ... - Securities.io - September 3rd, 2023 [September 3rd, 2023]
- How Rotacash Finance is disrupting traditional ROSCA with AI & ... - CryptoTvplus - September 3rd, 2023 [September 3rd, 2023]
- Latest crypto news on Monero, Ripple and BNB - The Cryptonomist - September 3rd, 2023 [September 3rd, 2023]
- Top 10 European Blockchain Companies: Reshaping Industries ... - Cryptopolitan - September 3rd, 2023 [September 3rd, 2023]
- Binance extends support to BNB Smart Chain (BEP20) - CryptoNewsZ - August 30th, 2023 [August 30th, 2023]
- Binance Smart Chain Gears Up for Hertz Hard Fork: Temporary Pause on Token Transactions - The Currency Analytics - August 30th, 2023 [August 30th, 2023]
- Binance Smart Chain and BNB Doomed? Is Borroe the Polygon ... - Analytics Insight - August 30th, 2023 [August 30th, 2023]
- Ethereum, Binance and Bitgert: A Comparative Analysis of Crypto Giant | Mint - Mint - August 30th, 2023 [August 30th, 2023]
- Altcoin Opportunities: Binance Coin, Elonator, and Cardano in the ... - Tekedia - August 30th, 2023 [August 30th, 2023]
- Binance removes Bitcoin, Cardano, and Polkadot pairs from Liquid ... - Kalkine Media - August 30th, 2023 [August 30th, 2023]
- Stablecoin Market Grows Robustly and Defies Crypto Slump - Crypto Mode - August 30th, 2023 [August 30th, 2023]
- Comparing Binance, Ethereum, and Bitgert: Features, Performance, and Investor Opportunities | Mint - Mint - August 26th, 2023 [August 26th, 2023]
- Binance Smart Chains Native Token Sees Dip Amidst Loan Liquidation Buzz - The Currency Analytics - August 26th, 2023 [August 26th, 2023]
- BNB Token Stumbles to 1-Year Low Amid Mounting Scrutiny Over Binance - Yahoo Finance - August 26th, 2023 [August 26th, 2023]
- Exploring Cryptocurrency Investments: Blockchains, Popular ... - Medium - August 26th, 2023 [August 26th, 2023]
- Nakama Labs Tests ShimmerEVM Resilience In Recent Test - Crypto News Flash - August 26th, 2023 [August 26th, 2023]
- World Of Rewards: A Revolution in Crypto Investment - Digital Journal - August 26th, 2023 [August 26th, 2023]
- Crypto Insights: Shiba Inu, Pepe Coin, and Bitgert in The Spotlight | Mint - Mint - August 26th, 2023 [August 26th, 2023]
- DeFi is bleeding: Ethereum, Solana, and Cardano are losing TVL - Finbold - Finance in Bold - August 26th, 2023 [August 26th, 2023]
- How Bitcoin Spark is Poised to Outperform BNB in the Crypto Market - The Coin Republic - August 26th, 2023 [August 26th, 2023]
- 3 Best Cryptos To Buy During The Dip - BNB, HBAR, WSM - Inside Bitcoins - August 26th, 2023 [August 26th, 2023]
- How Can Smart Contracts Help Streamline Business Administrative ... - Cryptopolitan - August 26th, 2023 [August 26th, 2023]
- Cardano Price Prediction ADA Price Must Reclaim $0.29 - InvestingCube - August 26th, 2023 [August 26th, 2023]
- ShimmerEVM to Compete With BSC and Arbitrum in DeFi Space - Crypto News Flash - August 14th, 2023 [August 14th, 2023]
- How to Bridge to Tron - Watcher Guru - August 14th, 2023 [August 14th, 2023]
- Participate in Binance's opBNB Odyssey To Win $50K Airdrop - Crypto Times - August 14th, 2023 [August 14th, 2023]
- BNB Chain hard fork to improve security and compatibility with EVM ... - Cointelegraph - August 14th, 2023 [August 14th, 2023]
- How to find BEP-20 wallet address on Trust Wallet & Metamask ... - Cryptopolitan - August 14th, 2023 [August 14th, 2023]
- How To Get Free 10 BNB with PancakeSwap Full Tutorial 2023 - Medium - August 14th, 2023 [August 14th, 2023]
- Polygon and Meroku Partnership Ushers in New Era for DApps with ... - Crypto News Flash - August 14th, 2023 [August 14th, 2023]
- Top 6 Trending Cryptocurrencies For Trading This Week: HBAR ... - NullTX - August 14th, 2023 [August 14th, 2023]
- Curved Finance Receives $5 Million FromBinance - cryptonewsbytes.com - August 14th, 2023 [August 14th, 2023]
- Early activity on Coinbase's Base chain shows promising signs - Blockworks - August 14th, 2023 [August 14th, 2023]
- Elon Musk Lawsuit Affecting Dogecoin, As Hottest Memecoin of ... - Crypto News Flash - August 14th, 2023 [August 14th, 2023]
- Binance secures license in El Salvador, heres what it means for the exchange - AMBCrypto News - August 14th, 2023 [August 14th, 2023]
- Solana TVL Soars: Outperforms Ethereum, BSC, and Avalanche ... - Crypto News Flash - August 14th, 2023 [August 14th, 2023]
- The Role of Token Makers in Asset Tokenization - Techopedia - August 14th, 2023 [August 14th, 2023]