🚀 $TON Price Action Update 🚀 We're witnessing a bullish | MrKashifCss on Binance Square

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🚀  $TON Price Action Update 🚀
We're witnessing a bullish trend for $TON, currently trading above $5.84. Key resistance levels to watch are at $6.50, $6.85, and $7.24. 
As momentum builds, TON traders should keep an eye on these levels for potential breakout opportunities. Stay tuned for further updates and insights! 
#Crypto #TON  #Trading 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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New record: Bitcoin surpasses $1.6 trillion market cap With Bitcoin’s all-time high of $81,000, its market cap has surpassed $1.6 trillion, fueling crypto’s ongoing bull market. Supported by a new all-time high (ATH) market price of $81,000, the total market capitalization of Bitcoin crossed $1.6 trillion for the first time since its launch in 2009. On Nov. 11, Bitcoin BTC tickers down $81,506 reached a market capitalization of $1.62 trillion amid the ongoing bull market, concurrently bringing up the global crypto market cap to its former glory of $2.71 trillion, according to data from Cointelegraph Markets Pro and CoinMarketCap. Bitcoin’s current circulating supply — the total number of tokens released to the market — stands at 19.78M BTC. If Bitcoin were at its maximum supply of 21 million BTC, the BTC market capitalization would have recorded a fully diluted value (FDV) of $1.7 trillion. Some factors contributing to Bitcoin’s sustained growth are rising interest from institutional investors, the pro-crypto stance of newly elected United States President Donald Trump and overall positive investor sentiment. Most recently, Bitcoin reached the $1 trillion market capitalization in February 2024, when BTC’s price surged above $51,000. However, the asset struggled to retain the milestone due to the impact of Bitcoin halving.

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ENS token rises 10% as ENS Labs announces ‘Namechain’ Ethereum L2 The new Ethereum layer 2, Namechain, will make it easier to register names, update records and manage decentralized websites. The Ethereum Name Service (ENS) token shot up more than 10% as ENS Labs announced details of its new Ethereum layer 2 solution “Namechain.” Namechain is a purpose-built Ethereum layer 2 solution aimed at scaling blockchain identity by making it easier to register names at reduced costs via rollups, ENS Labs executives explained in a presentation at the “frENSday” conference in Bangkok on Nov. 11. Namechain will work in tandem with “ENSv2” — the protocol that enabled ENS to expand to Ethereum layer 2s. “With ENSv2 and Namechain it will be significantly easier to register names, update records, manage decentralized websites and more,” said Greg Skril, ENS Labs Developer Relations LeadENS is a blockchain solution to the internet’s top-level domains like “.com” and “.org” in the Domain Name System — which is far easier to read than numerical IP addresses. One of the most notable adopters of ENS is Ethereum co-founder Vitalik Buterin, whose Ethereum address can be searched in an Ethereum block explorer by typing in “Vitalik.eth.” The ENS tickers down $19.36 token spiked 10.8% from $19.46 to $21.56 in a 30-minute window shortly after the announcement was made, according to CoinGecko. However, it was relatively short-lived, with ENS now below its pre-announcement price at $19.22. Jeff Lau, a developer at ENS Labs, noted that ENS’s name domain “.eth” will remain “anchored” on the Ethereum mainnet, and ENS will be supported on other Ethereum layer 2s. Lau said constructing an easy-to-use UX was one of the main reasons ENS Labs opted to build its own Ethereum layer 2 instead of integrating its solution on another chain.

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The Next Potential Direction for SHIB The cryptocurrency sector witnessed a substantial pullback in the past 24 hours, with its global market capitalization plummeting by over $100 billion. Bitcoin (BTC), which traded above $72,500 on October 31, is now worth approximately $69,000, whereas Ethereum (ETH) dipped below $2.5K. The popular meme coin Shiba Inu (SHIB) is also among the biggest losers. Its price fell by 7% on a daily scale, while its market cap tumbled back to $10 billion. The current situation in the meme coin realm is not looking great, with Dogecoin (DOGE), dogwifhat (WIF), and many others crashing by double digits. This negative trend might result in further downward pressure on SHIB’s price in the short term. 90% Rally Incoming? One industry participant focusing on SHIB’s future movements is the X user Clifton Fx. The analyst noted the emergence of a “bullish flag formation” on the asset’s three-day price chart, speculating that the valuation could skyrocket by nearly 90% if it reclaims $0.00001884.

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Ripple Poised for Growth as SEC Appeal Deadline Looms, Swell Conference Anticipated Ripple, the blockchain payments company, is preparing for a potential appeal by the US Securities and Exchange Commission (SEC) in their long-running legal battle, while simultaneously building momentum with its upcoming October Swell conference and potential new product launches. The deadline for the SEC to file an appeal in the lawsuit, which accused Ripple of selling unregistered securities with XRP, is October 6th or 7th. The lawsuit, concluding last month with a partial victory for Ripple, has entered its final phase. While a judge ruled against the SEC’s claim that XRP itself is a security, the SEC was awarded a $125 million penalty against Ripple for certain institutional sales. Both sides have agreed to stay the penalty payment, fueling speculation that the legal battle may continue. Market analysts are closely watching the SEC’s appeal decision and its potential impact on XRP’s price. Currently trading around $0.58, XRP has shown resilience despite market volatility. Analysts suggest a potential 25% rally in the near term, with some predicting a longer-term surge to $1 or even $2, contingent on favorable market conditions and the outcome of the SEC appeal. Regardless of the outcome, Ripple appears determined to forge ahead with its vision for a tokenized future, leveraging the XRP Ledger and its growing ecosystem. #Ripple💰 #XRPGoal

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📉 $HMSTR Token Update: Over 50% Drop Since Launch 📉 Since its launch, $HMSTR has experienced a significant decline, losing more than 50% of its value. This sharp drop reflects growing concerns within the community regarding transparency and project management. Trust is essential in the crypto space, and the recent developments have raised questions about the project's direction. Investors are urged to stay informed and assess the situation carefully. Let’s hope for a path to regain community trust and stability. Keep your eyes on future updates. #Crypto $HMSTR #Binance #MarketUpdate

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