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Telegram users can send gifts to friends, TON fails to pump
Published
3 hours agoon
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adminToncoin has failed to exhibit a positive surge in price despite Telegram’s recent announcement of new features.
Telegram has announced a gift feature alongside a few other new features on their app. However, Toncoin (TON) has failed to showcase a positive pump despite the new addition to social media messenger.
TON is trading at $5.22 at press time with a 2.7% drop in price over the last 24 hours. According to CoinGecko, the coin is also down by over 10% in the last seven days.
In most of the instances, a major announcement is usually followed by a price pump. However, despite the slight positive crypto market conditions, TON hasn’t reversed its negative course.
Telegram users can now send gifts to friends
The latest announcement by Telegram showcases a new feature where users can send gifts to their friends. The person who receives the gift can use it to display it on their profile pages or even turn them into stars.
Telegram CEO Pavel Durov also disclosed that some gifts are in limited supply. He also stated that they will also introduce a feature to convert these gifts to TON-based NFTs.
That’s not the only disclosure that Telegram made. They also unveiled a platform for businesses that can verify customer phone numbers.
In addition, Telegram has improved its reporting interface. The announcement highlighted that the app’s moderators take down millions of content that violate its terms of service.
Now, they have ramped up the system with more capabilities to include more details and categories of the violation.
iOS receives redesigned video chats
Telegram announced that they have completely rebuilt video chats on iOS devices to increase battery life and performance.
This also means that devices now stay dramatically cooler on long calls — even with multiple video feeds from dozens of participants.
Android users now receive support for livestreaming with RTMP. This feature was earlier available on iOS and desktop and has now expanded to Android.
Despite all the new features, TON is putting on a muted performance. TON was trading above $8 during mid-2024.
However, the price took a hit when Durov was arrested. However, the price is now recovering slowly.
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Crypto Strategist Sees Bitcoin Potentially Rallying to $68,000 – But There’s a Big Catch
Published
5 hours agoon
October 6, 2024By
adminA closely followed crypto strategist believes it is within the realm of possibility for Bitcoin (BTC) to witness an abrupt rally to $68,000.
Pseudonymous analyst Credible Crypto tells his 423,300 followers on the social media platform X that a relief rally is in sight for Bitcoin and the altcoin market.
But the trader warns that the rally will likely be short-lived and that Bitcoin will soon resume its bearish price action.
“As I’ve said I think some relief here shortly across the board would be ideal.
A couple of variations of low-time frame price action I can see playing out in the coming days.
Grand scheme of things: no change to my belief that this is just part of a larger correction to the downside.”
Based on the analyst’s chart, he appears to predict that Bitcoin could rise to as high as $68,000 before plunging to fresh lows below $48,000.
At time of writing, Bitcoin is trading for $61,919.
Looking at Ethereum (ETH), Credible says the top altcoin’s order book supports his call for a marketwide bounce. According to the analyst, spot investors are stacking buy orders, preventing the price of ETH from going lower, at least for now.
“Spot bid depth on ETH is especially juicy.
Increases the odds of some relief across the board soon in my opinion.”
At time of writing, Ethereum is worth $2,409.
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Craig Wright
HBO Is Joining Search for Bitcoin's Satoshi. Past Attempts Haven’t Turned Out Great.
Published
13 hours agoon
October 6, 2024By
adminBitcoin
Analyst PlanB Unveils Potential Trigger for Next Bitcoin ‘Pump,’ Says Whales Waiting for Outcome of One Event
Published
21 hours agoon
October 6, 2024By
adminPopular quant analyst PlanB says crypto whales are staying on the sidelines for now to await the results of a highly anticipated event.
In a video update, the pseudonymous analyst tells his 179,000 YouTube subscribers that he believes Bitcoin (BTC) is in a bull market despite its choppy price action over the last eight months.
PlanB says the catalyst for a fresh Bitcoin bull run is on the horizon as America gears up for its November presidential election.
“Bitcoin will find its trigger for the next pump. I have heard that many large buyers are just waiting for the US elections in November. And that makes sense because why run the risk if you can wait a couple of weeks and have total clarity and certainty.
And the risk obviously being a Democratic [Harris] win, which is bad for Bitcoin. So whales waiting for the US elections could very well be the reason for this eight-month sideways price movement.”
Last month, reports surfaced that Democratic Presidential candidate Kamala Harris vowed to support the crypto and artificial intelligence (AI) industries if she wins in the upcoming November election. Harris said crypto and AI will be part of her “opportunity economy” agenda.
But not everyone is convinced that Harris will abruptly change her party’s stance toward crypto after Democrats stifled the industry’s growth in the last four years through regulation by enforcement.
In August, Cardano (ADA) creator Charles Hoskinson warned that a Harris victory could be a death knell for the crypto industry in the US.
For now, PlanB says that Bitcoin has historically witnessed big upside bursts after prolonged periods of uncertainty.
“Bitcoin is 90% boring (yellow boxes).
All gain is in only 10% of the time (red arrows). Always after a halving. Coincidence? I don’t think so.”
At time of writing, Bitcoin is worth $61,975.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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