In the world of digital currencies, the decline of Bitcoin below $63,000 has sparked a downturn in the market, affecting other cryptocurrencies as well. With investors growing impatient after the halving, there is a growing expectation for a bullish market. Additionally, an analyst has made comments about a notable altcoin and another altcoin with high trading volume, highlighting significant trends during this period.
Promising Outlook for TON Coin
A well-known market analyst, going by the name Loma, has expressed a positive outlook on Toncoin (TON). Loma took to the popular social media platform X to share with thousands of users that he plans to purchase TON at around $5, emphasizing the potential of Toncoin’s native token, which is part of a layer-1 crypto project.
As of now, TON is experiencing a 5% decline but is still attracting buyers at $5.25. Its market capitalization has dropped to $18.2 billion, and its trading volume has decreased by 14% to $123 million.
BNB Coin Outlook
Loma also made a statement regarding BNB, the native token of the BNB Chain ecosystem, suggesting that it is likely to reach new all-time highs. The analyst mentioned several bullish factors, referring to BNB as a dark horse among major cryptocurrencies.
Currently, the price of BNB is at $591, representing a 2% decrease.
Disclaimer:
The information provided in this article should not be considered as investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own research.
