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An exciting initiative has recently emerged in the world of artificial intelligence (AI) and blockchain: the Artificial Superintelligence Alliance (ASA). So, what is the Artificial Superintelligence Alliance, and what is FET (Futures and Technologies), which forms the basis of this structure? In short, the ASA is an alliance formed by the joining forces of prominent projects in AI and blockchain, such as Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN). The ASA was officially announced in 2024 with the merger of these three projects. This combined structure aims to accelerate decentralized AI development and establish an interoperable, open "superintelligence" (ASI) infrastructure. The FET token continues to be used as the alliance's common cryptocurrency. Following this merger, FET also became known as ASI coin.Each project within the ASA makes a unique contribution to the vision of decentralized AI. For example, if we ask what Fetch.ai is, we can say that it's a platform that brings together autonomous software agents and blockchain. It stands out with its advanced agent infrastructure and blockchain integration. If you ask what SingularityNET is, we encounter a project with a deep-rooted history in AI research, offering a decentralized marketplace for artificial intelligence algorithms and services. The answer to the question of what Ocean Protocol is is: it's a blockchain infrastructure that works on sharing and monetizing data, making the big data necessary for AI applications securely accessible. These three distinct areas of expertise have come together under one roof thanks to the ASI FET merger. Fetch.ai's merger with SingularityNET and its partnership with Ocean Protocol bring together AI agents, machine learning models, and big data sources within a single ecosystem. Thus, ASA brings together all the building blocks needed to achieve the goal of decentralized superintelligence. Now, let's take a closer look at how this structure emerged, its history, and why the FET token is so important. The Definition and Origins of FETThe Artificial Superintelligence Alliance (ASA) stands out as an alliance that brings together artificial intelligence and blockchain projects. At the center of this structure is the FET token, the cryptocurrency of the Fetch.ai project. In 2024, the teams from Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) joined forces to launch the ASA. When this alliance was announced, it was announced that the tokens of all three projects would be combined into a single, universal AI token. While FET continues to be used as the common token, this token is also being called the "Artificial Superintelligence (ASI) token" in the new era. So, if you ask, "What is ASI coin?", we can say that it is the common token of ASA and the new identity of Fetch.ai's FET token. The aim of this new structure is to accelerate decentralized AI development and establish an open superintelligence infrastructure where different AI projects can work together. Today, developments in artificial intelligence are advancing at an incredible pace. This wave of innovation has accelerated even further, particularly with the emergence of large language models (LLMs). The idea of Artificial General Intelligence (AGI) is no longer a dream for many; the next stage, artificial superintelligence (ASI), is starting to be seriously discussed. ASI refers to the development of AI systems far beyond human capabilities, reaching the collective wisdom of humans. This is precisely where the ASA alliance comes in, as they believe ASI should not be concentrated in the hands of certain companies but should develop in a structure that is open and equitable for everyone. The Fetch.ai, SingularityNET, and Ocean Protocol teams are also united around this idea. ASA, a partnership of three projects, aims to establish an independent, community-based AI ecosystem to counter the monopoly of tech giants.The three projects that make up ASA were already pioneers and well-established in their respective fields. The idea behind the merger was to combine the strengths of each to create a much more comprehensive and functional platform. For example, Fetch.ai's blockchain-based autonomous agent technology meets SingularityNET's advanced AI algorithms and R&D experience. On the Ocean Protocol side, secure data sharing and tokenization infrastructure become essential components of this mix. Thus, ASA provides a strong foundation covering every step of AI development. Another important point is that the communities and developer networks of each project are now united under a single roof. As FET, AGIX, and OCEAN token holders come together in the ASA ecosystem, hundreds of thousands of users and developers have begun contributing to this initiative. Such a broad and active participant base provides ASA with significant speed and resilience on its journey to decentralized superintelligence. FET's History: Key MilestonesAlthough the Fetch.ai (FET) project doesn't have a very long history, it has achieved remarkable success in both the crypto world and artificial intelligence. Now, let's take a look at some of the key milestones in FET's journey to date:2017: The Fetch.ai project was founded in Cambridge, England, under the leadership of Humayun Sheikh. The founding team included AI experts such as Toby Simpson and Thomas Hain. During this period, the first foundations for the blockchain-based autonomous agent idea were laid.2019: The FET token was launched in a public sale on Binance Launchpad. This sale, which completed in just 22 seconds, raised $6 million. That same year, the project completed network testing and established its blockchain infrastructure.2020–2023: During this period, the team launched the platform's mainnet in January 2020. Afterward, they focused on real-world applications. Pilot projects were developed in the areas of AI agents, data exchange, and automation. Autonomous agents were tested in smart city systems, decentralized economy applications, and IoT integrations. Collaborations were established with major companies such as Bosch and Festo. New use cases combining decentralized finance (DeFi) and artificial intelligence were also explored. During this period, the team kept the ecosystem vibrant by continuously improving the platform and attending conferences and growing the developer community.2024 (first half): Fetch.ai, SingularityNET, and Ocean Protocol took a major step toward merging. In March, these three projects announced their merger under the name Artificial Superintelligence Alliance (ASA). The FET, AGIX, and OCEAN communities came together for a broader vision and a broader impact. The primary goal was to scale and accelerate AI development. On March 28, 2024, the platform reached an all-time high of $3.45. June 2024: The trilateral merger was officially completed, and the ASA alliance was officially established. In a statement made on June 13th, it was announced that the three networks would now operate as a single ecosystem. The token merger was also implemented during this process. The FET token was converted at a ratio of 1 FET = 1 ASI, and the distribution of ASI tokens to AGIX and OCEAN holders began at fixed rates. Conversion rates were announced as follows: AGIX holders would receive 0.433350 $ASI for every 1 AGIX, and OCEAN holders would receive 0.433226 $ASI for every 1 OCEAN. Thus, FET became the common and universal token of ASA. This merger was one of the first examples of decentralization at this scale in both the crypto world and artificial intelligence. The resulting structure attracted attention with a total supply of 2.63 billion tokens and a combined market capitalization of approximately $7.5 billion. 2025: FET price is trading around $0.60, some 80% below its 2024 record. Why is FET Valuable?For a crypto project to truly stand out, it must stand out not only with its technology but also with the tangible benefits it offers. The FET coin (or its new name, the ASI token) is one such project that stands out with both its technical structure and the robust ecosystem it forms part of. So, what makes FET so special? Let's take a look at its key features and advantages:AI-specific infrastructureThe Fetch.ai network offers a blockchain infrastructure specifically designed for artificial intelligence applications. Its architecture supports much faster and more complex transactions than traditional blockchains. Thanks to this structure, scenarios such as running machine learning models or dozens of autonomous agents simultaneously exchanging data can be easily managed. In other words, the flexibility and scalability required for AI-focused projects lie at the heart of this network.Autonomous agents and data sharingOne of Fetch.ai's most striking features is its support for software components called autonomous economic agents (AEAs). These agents can perform specific tasks on behalf of users; For example, finding the best energy tariff, analyzing bus schedules, or planning a hotel reservation. These transactions are executed on the blockchain using smart contracts and AI algorithms, ensuring transparency and security. Furthermore, with the ASA partnership, Ocean Protocol's data sharing infrastructure has been integrated into the project. This allows large data sets to be shared securely while preserving ownership rights. This entire structure makes data exchange both intermediary-free and reliable. Autonomous agent architecture of FET. Strong Community and Ecosystem ImpactBesides the technology behind FET, one of its most significant strengths is its community and ecosystem. Thanks to its integration with major projects like SingularityNET and Ocean Protocol, a vast user and developer network has emerged. This community, comprising hundreds of thousands of people, fosters the emergence of new ideas and accelerates the growth of projects. This combination creates not only technical synergy but also cultural and intellectual unity. Thanks to the active participation of the community, governance processes operate democratically, meaning the community has a voice in project decisions.FET Token UsesThere are many possible answers to the question of what the FET token is used for. Firstly, FET is used as the primary payment instrument of the ASA ecosystem. This token is used to pay for transactions made on the network. FET is also spent to access AI services, such as running an autonomous agent or generating model output. FET tokens can also be staked. In other words, users contribute to the security of the network by locking their tokens in the network and earn rewards in return. Because the Fetch.ai network is based on a Proof-of-Stake model, staking is critical to the project's operation. Finally, the FET token is used in governance decisions within the ASA ecosystem. Token holders can have a say in project development by voting. It is also actively used in everyday use cases such as in-app purchases and data marketplace transactions.ASI Vision: Decentralized SuperintelligencePerhaps Fetch.ai's most ambitious aspect is its aim not only to provide solutions to today's problems but also to shape the future. The project's long-term vision is to create a decentralized superintelligence (ASI) infrastructure. Toward this goal, Fetch.ai, SingularityNET, and Ocean Protocol have aligned not only technologically but also philosophically. They aim to build an open-source, community-driven, and accessible superintelligence, countering the AI development under the control of large tech companies. While this goal is indeed a grand and time-consuming journey, the ASA has embarked on this journey with a solid foundation. If the alliance achieves this goal, it will create a groundbreaking structure not only in the field of artificial intelligence but also in the crypto world. In such a scenario, the FET (or ASI, as it is now known) token could become both a store of value and a powerful tool on a global scale. Source: DataWallet Who is the Founder of FET?Who is FET? This question is frequently asked by those curious about who is behind the Fetch.ai project. Fetch.ai's founder and CEO is Humayun Sheikh. Even before starting the project, he was known as an entrepreneur with significant experience in the field of artificial intelligence. Being one of the early investors in Google's AI-focused company, DeepMind, demonstrates his vision and courage in this field. In 2017, he launched Fetch.ai in Cambridge, alongside AI and software experts such as Toby Simpson and Thomas Hain. Under Sheikh's leadership, the team developed innovative ideas combining AI and blockchain and quickly attracted attention.Humayun Sheikh also played a significant role in the establishment of the ASA alliance. Working closely with Dr. Ben Goertzel, founder of SingularityNET, they shaped the merger process of the three projects. Ben Goertzel, a globally recognized figure in the field of artificial general intelligence (AGI) and CEO of SingularityNET, was a leading figure in the formation of ASA. On the Ocean Protocol front, founder Trent McConaghy formed the third pillar of this core team. Following the merger, Humayun Sheikh became the ASA Alliance Council Chair, while Ben Goertzel assumed the CEO position.Before the merger, the three projects operated independently with their own teams and communities. They had separate roadmaps and priorities. After the merger, these structures maintained their core identities and were brought together around a common goal. While each project still exists under the ASA umbrella with its own legal structure, strategic decisions are now made jointly. Thanks to the harmonious collaboration of leading figures like Sheikh, Goertzel, and McConaghy, this partnership is developing strong synergy. This structure ensures balanced decision-making processes and more efficient use of resources.In short, Humayun Sheikh not only founded Fetch.ai; He also played a key role in the creation of a visionary alliance like ASA. With both his technological know-how and strategic vision, he was one of the figures who paved the way for the project.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about the Artificial Superintelligence Alliance:What is the Artificial Superintelligence Alliance?: The Artificial Superintelligence Alliance (ASA) is a decentralized artificial intelligence alliance formed in 2024 by the Fetch.ai, SingularityNET, and Ocean Protocol projects. The alliance's goal is to develop an open and interoperable "superintelligence" infrastructure by combining artificial intelligence and blockchain technologies. Thanks to ASA, the technological capabilities of these three projects have been combined into a single ecosystem, and the FET token has begun to be used as a common currency.What does the FET token do?: The FET token is the central cryptocurrency of the ASA ecosystem and serves multiple functions. It is primarily used as a payment tool for transactions on the network; in other words, transaction fees for activities such as smart contract transactions or data exchange are paid in FET. Furthermore, the FET token can be staked, contributing to network security, and stakers earn rewards. FET is also a versatile token used to access AI services within the ASA ecosystem (e.g., running autonomous agents) and participate in governance votes.Have FET merged with AGIX and OCEAN?: Yes, Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) joined forces in 2024 to form the Artificial Superintelligence Alliance. This merger brought the technologies and communities of the three projects together under a single umbrella. The tokens were combined under the name ASI (Artificial Superintelligence). While the FET token remained the base token of this new structure, AGIX and OCEAN holders had the opportunity to switch to ASI (FET) tokens at predetermined rates.Is FET decentralized?: Yes, the Fetch.ai network and the ASA alliance operate in a decentralized manner. Fetch.ai is a distributed blockchain network operated by nodes using a Proof-of-Stake consensus mechanism. Network security and transaction verification are not dependent on a central authority; participants worldwide participate in the network by running nodes and staking FET. Furthermore, within the ASA, management and development decisions are made decentralized among the community and foundations rather than a single company, creating a governance model consistent with the principle of decentralization.How can I stake FET tokens?: To stake your FET tokens, you first need a wallet or platform that supports FET. Fetch.ai's own wallet or the staking services of major exchanges can be used for this purpose. Simply delegate your FET to one of the network's validators. You can start staking in a few clicks by downloading the official Fetch.ai wallet, selecting a validator, and then staking. While you're staking, your tokens remain non-transferable, but you'll earn new FET (ASI) rewards at a certain rate. Keep in mind that staking returns and conditions may vary depending on the platform you use; therefore, it's recommended to review the current guidelines before making any transactions.How do AI and blockchain integrate in this project?: In the ASA alliance, AI and blockchain are integrated in a complementary way. Blockchain provides a distributed infrastructure and trust layer, enabling AI agents and algorithms to operate in a transparent and trustworthy environment. For example, Fetch.ai's autonomous agents can interact and execute transactions on the blockchain through smart contracts. SingularityNET's AI algorithms can be served and invoked through this distributed network, and thanks to the Ocean Protocol, they can securely access the big data they need through a blockchain-based marketplace. In short, while AI systems demonstrate their intelligence, blockchain provides the underlying foundation for recording, securing, and incentivizing these transactions through a token economy. Thus, AI and blockchain technologies are intertwined under the ASA umbrella, making next-generation applications possible.Is FET coin's future bright?: Considering the ASA alliance and general AI trends, many are optimistic about the future of FET coin. Because the project's vision is not just to develop a short-term product but to build a decentralized superintelligence in the long term, it will have a significant impact if successful. Of course, crypto markets carry risks, and it's not right to make definitive judgments; however, considering Fetch.ai's strong partnerships, expanding ecosystem, and growing popularity in the AI field, we can say that the FET (ASI) token will continue to make a name for itself in the coming years. Investors and technology enthusiasts are closely following the project's development and hope that FET achieves the goals on its roadmap. Follow our JR Crypto Guide series for more information on AI-based blockchain projects and the vision of decentralized superintelligence.
Former US President Donald Trump is preparing to take action against allegations that various sectors, particularly crypto companies, are being excluded from the financial system. According to The Wall Street Journal, Trump is about to sign a comprehensive executive order targeting banks' attempts to block individuals and institutions from accessing financial services for political reasons. The executive order is also expected to examine the "debanking" practices targeting crypto companies.Trump's draft executive order not only investigates whether banks discriminate based on political affiliation but also proposes fines and disciplinary procedures if violations are detected. It will also investigate whether financial institutions violate the Equal Credit Opportunity Act, antitrust laws, and consumer protection regulations. It is rumored that the executive order could be signed this week."Choke Point 2.0" DebatesIt has been frequently stated that the crypto sector has been under intense regulatory pressure, especially during the Biden administration. This process has become known within the industry as "Operation Choke Point 2.0." This operation, first implemented during the Obama administration, aimed to exclude sectors deemed high-risk from the financial system. However, over time, this practice evolved into the exclusion of individuals and institutions deemed politically unsuitable. Especially after 2022, crypto companies and conservative groups argue that they are direct targets of this policy. Trump's executive order aims to end discriminatory policies against crypto companies and conservatives. The executive order will also review the Small Business Administration's lending partnerships, and some cases will be referred to the Department of Justice.Crypto industry voices riseTrump is known to have increasingly adopted a crypto-friendly stance during the campaign. Prominent figures in the crypto industry (such as Coinbase CEO Brian Armstrong, Gemini founders Tyler and Cameron Winklevoss, and Custodia CEO Caitlin Long) have publicly shared their past debanking experiences.Donald Trump's son, Eric Trump, has also stated that he has been subjected to this pressure. World Liberty Financial, one of the crypto projects he manages, and Bitcoin mining firm America Bitcoin stated that they were unable to receive service from banks. "Because my father was in politics, banks excluded us from the system. At that moment, I realized crypto was an alternative way to escape this system," he said, summing up his experience.Banks have begun taking precautionsWith the expectation that the Trump administration will approach crypto more favorably, some banks have begun reviewing their policies. In recent months, banks have even been known to meet with Republican attorneys general to prove they are not politically discriminated against. Trump-appointed regulators (the Fed, the OCC, and the FDIC) have also announced that abstract reasons like "reputational risk" will no longer be considered in customer relationships.
The U.S. Securities and Exchange Commission (SEC) has published new staff guidance regarding accounting rules for stablecoins. According to Bloomberg, this guidance suggests that stablecoins, specifically pegged to the US dollar, can be classified as "cash equivalents" under certain circumstances. This signals a critical development for both institutional investors and companies concerned about regulatory uncertainty in the cryptocurrency sector.What does the definition of "Cash Equivalent" mean?The new SEC guidance states that stablecoins, which are pegged 1:1 and have a secured repayment mechanism, can be considered cash or cash-like assets in traditional accounting systems. This provides direct legal clarity, particularly for reserve-backed stablecoins like USD Coin (USDC). These assets, previously subject to debate regarding their status as securities, are now classified as "not intended for investment" and "not intended for speculation." The SEC's statement states the following:“Generally, four main criteria are required for a stablecoin to be considered a security: (1) the sale proceeds are directed to a reserve fund and are not intended for investment purposes; (2) the distribution method does not encourage speculative trading; (3) a reasonable purchaser would not view the stablecoin as an investment vehicle; and (4) the reserve fund is sufficient to cover redemption upon request.”Project Crypto and a New Era in RegulationThis guidance, enacted under the leadership of SEC Chairman Paul Atkins, is part of the recently announced “Project Crypto” initiative. This project represents a modernization process aimed at migrating America’s financial markets to blockchain. Atkins argues that the SEC should adopt a more flexible and innovative approach to crypto assets. In this context, this new approach to not treating stablecoins as securities has been welcomed across the industry.USDC and Market ImplicationsThe new regulation most significantly impacts stablecoins like USDC, known for their transparency and regulatory compliance. USDC, issued by Circle, currently has a market capitalization of approximately $64.3 billion. Its 24-hour trading volume is $11.98 billion. The price change over the past seven days, with a 0.03% decrease, signals stability, while a 0.01% increase was observed over the 24-hour period.This stable outlook suggests that stablecoins may have the potential for greater institutional adoption following the SEC's guidance. The new classification could make it easier for banks and publicly traded companies, in particular, to incorporate stablecoins into their balance sheets. It could also pave the way for companies that have been hesitant to enter the stablecoin market due to their securities status.Although official statements from Circle and similar major companies have not yet been released, market participants view this move by the SEC as a positive signal. The SEC's latest move could mark a significant turning point in the cryptocurrency market's integration with the traditional financial system. The US regulatory framework, previously criticized as strict and vague, appears to be softening with this latest development. If this approach continues, it may not be surprising if the US assumes leadership in the global stablecoin market.
OP Technical AnalysisWhen we analyze the OP chart, we clearly see that the short-term falling wedge formation has broken above. This breakout signals that the price could gradually surge upwards towards the formation’s target. The technical target of this falling wedge formation is approximately $2.77, yet the price needs to exceed some strong resistance areas before it reaches this target level.The first key resistance level ahead is the range between the levels at $0.84 - $0.91, but the coin is currently trading around $0.75. If OP can break above this resistance range with huge volume, then we have other resistance levels up at $1.12, followed by $1.39 - $1.50.We must add that the range between the levels at $1.39 - $1.50 is technically so important that it intersects not only horizontal resistance but also the long-term falling trendline. If the price cannot break above this range, the price action could be limited; however, $1.89 and $2.77 could be targeted again if OP breaks above this range with great momentum. OP Current View Summary:• The short-term falling wedge formation has broken upward.• The formation's technical target is the $2.77 region.• Immediate resistance: $0.84 – $0.91• Next resistance levels: $1.12 → $1.39 – $1.50• Closes above $1.50 indicate a breakout of both the sideways and long-term downtrend.• Potential medium-term targets: $1.89 → $2.77• The $0.66 level is the first area to follow as support in case of pullbacks.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
The U.S. Commodity Futures Trading Commission (CFTC) is preparing to make a historic change to cryptocurrency regulations. According to the new initiative announced by CFTC interim Chair Caroline Pham, exchanges currently authorized to offer futures contracts will be allowed to offer spot cryptocurrency transactions with leverage.What does the new regulation mean?The model the CFTC is working on envisions exchanges with Designated Contract Market (DCM) status transitioning beyond limited derivatives to direct spot cryptocurrency transactions. Spot transactions allow users to buy and sell assets instantly, while leveraged trading allows investors to take larger positions. This framework will offer both institutional and retail investors more trading options within a regulated and supervised framework. Furthermore, because it is planned to utilize existing legal infrastructure, it can be implemented quickly without waiting for new legislation from Congress. Coordination with the SEC: A move parallel to "Project Crypto"This development, as we reported last week, follows the "Project Crypto" initiative announced by U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins. This initiative aims to clarify the rules for classifying blockchain-based assets as securities.The CFTC, on its part, wants to create a space suitable for regulating cryptocurrencies as commodities. This signals the emergence of a two-agency digital asset regulatory system in the U.S. Thus, under a collaborative structure between the SEC and CFTC, investors will be able to trade on a more robust basis, both in terms of security and flexibility.Comment period begins: August 18 deadlineCaroline Pham said in a statement, "Starting today, we invite all stakeholders to provide feedback on how leveraged spot crypto asset contracts could be listed on a DCM." This consultation process, launched on the CFTC's official website, will remain open until August 18, 2025. Comments submitted will be shared publicly and actively evaluated in shaping regulations. This process allows various actors in the crypto ecosystem (exchanges, investors, developers, and legal experts) to contribute to the process.In futures trading, investors enter into contracts to buy and sell assets on a specific date. However, in spot markets, assets are bought and sold instantly. Including spot markets in the scope of regulation could allow institutional investors, in particular, to become more active.Leveraged spot trading offers the opportunity to increase potential profits but also carries risks. Therefore, the CFTC emphasizes that the regulations aim to both ensure investor protection and maintain market stability.What does it mean for the crypto market?If this plan is implemented, it could usher in a new era for the US crypto market. Currently, many major investors are cautious about the crypto market due to regulatory uncertainty. However, this move will allow cryptocurrencies to be traded in broader, more regulated markets.
New information released as of August 4th reveals the growing interest of major players in traditional markets in the crypto world. Major assets like TON, Ethereum, Solana, and Bitcoin have already entered the radar of institutional investors. Here are five companies that have announced crypto reserve strategies or made major purchases in the last 24 hours, along with their details:A first for TON on the stock market: Verb Technology acquisitionNASDAQ-listed Verb Technology Co. (VERB) announced that it has signed an exclusive agreement with Kingsway Capital for approximately $558 million. This investment aims to establish the first publicly traded TON strategy firm. Sources familiar with the matter indicate that Kingsway Capital's interest in TON is not new; in fact, founder Manuel Stotz began purchasing TON two years ago. According to a report published by Bloomberg on July 24th, the TON Foundation and Kingsway Capital are also preparing for a new $400 million fundraising process for the Toncoin treasury. Artelo Biosciences Adds Solana to Its ReservesAnother noteworthy development came from the pharmaceutical sector. Nasdaq-listed Artelo Biosciences (ARTL) announced its digital asset reserve strategy centered on Solana (SOL). The company closed a $9.475 million private funding round. This investment made Artelo the first publicly traded pharmaceutical company to include SOL on its balance sheet, making it a cryptocurrency. As part of the funding, shares or options were issued at a price of $10.45, and two three-year options were also available at $10.20 and $50.Ether Reserve Purchases 10,605 ETHEther Reserve LLC, a partnership between The Ether Machine and Dynamix Corporation (DYNX), is continuing its Ethereum accumulation plan. The company purchased an additional 10,605 ETH at an average cost of $3,781. This brings the total amount of ETH accumulated since the beginning of August alone to 345,362. The purchase was financed with $97 million in cash reserves from a previous private funding round. Following the 15,000 ETH purchase last week to celebrate Ethereum's 10th anniversary, this move is seen as a continuation of this long-term strategy.GameSquare's ETH Proceeds-Based Share Repurchase PlanGameSquare, which has attracted attention with its Ethereum revenues, has approved a new share repurchase plan. The company allocated a $10 million fund, equivalent to 2,717 ETH, for the repurchase. This move brings GameSquare's total ETH reserves to 15,630. The company stands out for integrating ETH earnings directly into its balance sheet management strategy.Strategy purchased another 21,021 BTC for $2.46 billion.On the Bitcoin front, the real bombshell came from Strategy. In just one week, the company spent $2.46 billion to purchase 21,021 BTC at an average cost of $117,256. This purchase was made possible by funds previously raised through a 28 million-unit preferred stock offering called "STRC." The company, which raised $2.521 billion through the IPO, continues to demonstrate its commitment to crypto.
According to the latest data from CoinShares, there were net outflows of $223 million from digital asset investment products last week. This development marks the end of a 15-week streak of uninterrupted inflows. While funds experienced a strong inflow of $883 million at the beginning of the week, outflows in the second half of the week turned the overall picture negative.According to experts, this wave of outflows is driven by the hawkish messages from the US Federal Reserve (Fed) and higher-than-expected economic data. CoinShares Research Director James Butterfill stated that the outflow, which exceeded $1 billion on Friday alone, stemmed from a "general risk-off" atmosphere. Butterfill noted that a total of $12.2 billion in inflows over the last 30 days constituted half of the inflows since the beginning of the year, and that the recent outflows could be interpreted as profit-taking.Sharp decline in Bitcoin fundsLast week, $404 million in outflows from Bitcoin-based investment products occurred. This constituted the majority of the total outflows. US-based spot Bitcoin ETFs, in particular, played a leading role in this decline. Data shows that these ETFs saw $642.9 million in outflows on a weekly basis. Nevertheless, a total of $20 billion has flowed into Bitcoin funds since the beginning of the year, demonstrating high investor interest.Positive sentiment continues for Ethereum and some other altcoinsEthereum investment products, meanwhile, extended their positive streak to a 15th week. Last week, these products saw a total net inflow of $133.9 million. This consistent demand for Ethereum marks the longest uninterrupted inflow period since mid-2021.Notable data also emerged on the altcoin front. XRP products closed the week with net inflows of $31.3 million, Solana $8.8 million, Cardano $1.3 million, and Sui $0.8 million. The largest outflows by fund provider came from the following institutions:ARK 21Shares/USA: $442 millionFidelity Wise Origin Bitcoin Fund: $354 millionGrayscale Investments: $243 millionBitwise Funds: $106 millionIn contrast, iShares ETFs led the way, closing the week with $749 million in inflows. However, monthly data shows this fund had a net loss of only $3 million. The US Leads the Way by CountryRegional data, however, reveals that outflows largely originated from the US. US-based funds saw a total outflow of $383 million last week, followed by Germany with $35.5 million and Sweden with $33.3 million.Additionally, significant inflows were noted in some regions:Hong Kong: $170.4 million inflowSwitzerland: $52.4 million inflowCanada: $12.4 million inflowAccording to CoinShares data, total assets under management (AUM) in digital asset investment products reached $215.2 billion. While the majority of these assets are concentrated in US-based funds, iShares ETFs had the largest AUM at $94.8 billion.
In the crypto world, there are projects that sometimes quietly emerge but then suddenly make a powerful return. Toncoin fits this description perfectly. Behind it lies the shadow of a giant platform like Telegram, a journey reshaped by community support, and a technically ambitious infrastructure. Toncoin is a digital asset we've been hearing a lot about in the crypto world lately. So, what is Toncoin? Simply put, Toncoin is the native cryptocurrency of The Open Network (TON) blockchain. Initially developed by Telegram, this project emerged with the promise of high speed and scalability. In fact, due to the project's origins, Toncoin is sometimes referred to as "Telegram coin." In this guide-like article, we will cover all the details of Toncoin, from its origins to its technical specifications, its use cases, and its future prospects.Toncoin Definition and OriginsToncoin was developed as the native cryptocurrency of The Open Network (TON) blockchain. Launched in 2018 by Telegram founders Pavel and Nikolai Durov, the TON project was initially known as the "Telegram Open Network" and was announced alongside its own cryptocurrency, Gram. The goal was to build a high-speed and scalable Layer-1 blockchain that would support Telegram's hundreds of millions of users. Indeed, thanks to its technical architecture, TON was designed to theoretically serve millions of users. For example, the network structure consists of a masterchain and numerous subchains (workchains) operating beneath it; each subchain can be sharded to create new subchains as needed. This allows TON to achieve unlimited horizontal scalability. TON network architecture. Source: TON Blog In short, the TON blockchain was a revolutionary project, particularly for its time, aiming to fully implement the "sharding blockchain" concept.However, the project faced rocky roads from its very beginnings. Announced in 2018 and generating considerable excitement, the Telegram blockchain project TON faced a block from the US Securities and Exchange Commission (SEC) in 2019. The SEC filed a lawsuit against the project, claiming that the Gram token sale constituted an unregistered security sale. As a result, the Telegram team was forced to withdraw from the project in 2020 after a lengthy legal battle. Telegram released all of its TON-related code as open source, officially ending the Gram coin project.At this point, independent developers and the community entered the scene. Open-source developers, eager to pick up where Telegram left off, adopted the TON codebase and revived the project. The TON Foundation (a non-profit foundation), established in 2021, began supporting the network's development and named its token Toncoin. So, while the name Gram was lost to history, a new community project with the same technological vision came to life under the name Toncoin. Pavel Durov even expressed his support for this new TON project, driven by the community, in a statement in December 2021, calling it "a continuation of our vision."Toncoin's application areas are also quite broad. What are Toncoin's benefits? First, Toncoin aims to be an ideal tool for micropayments, offering both fast transaction confirmation and low fees. Furthermore, NFT trading, decentralized finance (DeFi) applications, and other Web3 services have begun operating on the Toncoin network. For example, once the smart contract infrastructure becomes active on the TON blockchain, NFTs, such as digital collectibles and in-game assets, can be created and traded. Similarly, DeFi protocols such as blockchain-based lending and decentralized exchanges are also developing on TON. Ultimately, Toncoin aims to enable fast, cheap, and user-friendly transactions, enabling the use of crypto in everyday life.Toncoin's History: Key MilestonesLooking at Toncoin's history, several critical milestones stand out. Below, we've summarized the key developments, including Toncoin's launch date, in chronological order:2018: The Telegram team announced the Telegram Open Network (TON) and its native token, Gram. Approximately $1.7 billion was raised in private sales for the project. This was one of the largest fundraisings in the crypto world to date, and Gram, also known as the "Pavel Durov coin," generated significant buzz.2020: Following a lawsuit filed by the US SEC, Telegram halted the TON project. Due to the SEC's block, the Gram token distribution was canceled, and Telegram withdrew from the project, returning $1.2 billion to investors. As of June 2020, Telegram's official TON journey ended.2021: Following Telegram's withdrawal, the open-source community took over the project. Led by developers such as Anatoliy Makosov and Kirill Emelyanenko, the TON Foundation was established, and the network was revitalized. With this newfound momentum, the token was named Toncoin. By the end of the year, the Toncoin network had gained strength with the support of Pavel Durov.2022: Important technical features and products were launched on the TON blockchain. The network began fully implementing staking with a Proof-of-Stake consensus mechanism. Developers created NFT marketplaces and collections on TON, and the first smart contracts became operational. In July 2022, TON DNS was announced, and human-readable domain names with the .ton extension were auctioned. Later that year, TON Storage, a decentralized file storage solution, was launched.2024: The Telegram and TON ecosystems reconnected, and integration steps were taken. The Toncoin wallet and Web3 features began to be integrated within the Telegram app. Telegram's mini apps platform, in particular, has evolved into a platform for running blockchain-based applications called TON Mini Apps. By the end of 2023, Telegram adopted the TON blockchain as its official Web3 infrastructure, and this integration was rolled out to the masses throughout 2024. As a result, TON-based mini apps became widespread within Telegram and reached millions of users. Indeed, by July 2024, mini apps on Telegram had reached 500 million monthly users. "Mini apps" on Telegram 2025: In April 2025, the TON Foundation appointed former MoonPay CFO/COO Maximilian Crown as its new CEO. In July 2025, the TON Foundation announced its goal of raising $400 million in investment to create a crypto treasury company with the globally recognized Kingsway Capital Partner. Network performance also improved in the first half of 2025, with the number of active addresses increasing by 5%. Meanwhile, STON.fi emerged as the largest dApp on the TON network, receiving a $9.5 million investment led by Ribbit Capital and CoinFund. First Digital USD (FDUSD) stablecoin was integrated into the TON network as its native stablecoin. Ethena’s USD e-Boost campaign launched the opportunity to earn up to 20% APY on tsUSDe tokens across four DeFi platforms. Also in July 2025, Telegram added native TON Wallet support in the US; Users can now access their own wallet within Telegram, conduct transactions, and stake transactions.Why is Toncoin Valuable?There are several key technical features and advantages that underlie the popularity of the Toncoin project. First and foremost, the TON blockchain boasts impressive performance in terms of speed and scalability. During a public test conducted in 2023, the TON network broke a world record among existing blockchains by processing approximately 104,715 transactions per second. Furthermore, this test demonstrated that the network has not yet reached its full capacity; with sufficient nodes, it is stated that it could theoretically reach millions of TPS. This extraordinary speed and capacity are among the key factors that make Toncoin valuable. We have listed Toncoin's key advantages below:High transaction speedThe TON network's architecture is designed to process hundreds of thousands of transactions per second. Thanks to dynamic sharding, when the network load increases, new chains are activated to process transactions in parallel. Indeed, in practical tests, TPS exceeding 100,000 have been achieved. This speed makes TON extremely suitable for financial transactions and micropayments. Table comparing transaction speeds of TON and other major blockchains. Source: TON Blog Scalability with ShardingSharding technology allows TON to scale horizontally. Instead of a single blockchain, the network is divided into multiple interconnected subchains. As load increases, new shardchains are automatically created to distribute the load. When load decreases, the shards merge again. This allows for flexible performance scaling and prevents network congestion. Rich Web3 InfrastructureThe Toncoin ecosystem isn't just about cryptocurrency transfers; it also offers comprehensive Web3 solutions. For example, TON DNS is a domain name system that makes blockchain addresses human-readable (e.g., user.address.ton). TON Storage operates as a decentralized cloud storage service, allowing files to be stored on a distributed network. TON Proxy provides a Tor-like privacy layer that aims to anonymize internet traffic.Telegram IntegrationAnother aspect that makes Toncoin unique is its access to the user base of a massive platform like Telegram. As of September 2023, TON was officially positioned as Telegram's Web3 infrastructure. This means the Toncoin wallet is embedded within the Telegram app, allowing crypto transfers without leaving the chat screen. Telegram currently has over 900 million active users, and TON is the only blockchain network capable of reaching this audience. For example, it's possible to tip with Toncoin while chatting on Telegram, pay for channel subscriptions, or earn money by playing games. Thanks to this integration, Toncoin has gained a tremendous advantage in integrating crypto into daily life.Low transaction fees and a user-friendly experienceTransaction fees on the TON blockchain are extremely low, and fees remain predictable regardless of network congestion. An average block time of around 5-6 seconds means near-instant confirmation. Users can use simple names (thanks to TON DNS) instead of complex wallet addresses, and a natural experience within the Telegram interface also lowers the barrier to use. In short, TON aims to make Web3 as easy as Web2, fostering widespread crypto adoption. Particularly driven by Telegram's influence, there's considerable optimism within the community about the future of TON coin.For those unfamiliar with concepts like TON DNS and TON Storage, let's briefly explain. TON DNS is a system that translates long, complex crypto addresses into readable short names, similar to internet domain names (for example, domain names like alice.ton correspond to wallet addresses). What is TON Storage? It's a decentralized file storage network running on the TON blockchain, allowing you to securely store your files in a distributed manner. Similarly, TON Proxy can be thought of as a proxy/anonymity layer that hides users' IP addresses, providing more private and secure internet access. Each of these components is a key component that enhances the value of the Toncoin ecosystem. The most important components of the TON ecosystem Who is the Founder of Toncoin?So, who owns Toncoin? The answer to this question should be considered by considering the project's two distinct periods. The founders of the TON network and its initial token model are Pavel Durov and his brother Nikolai Durov, who are also founders of the popular messaging platform Telegram. They were the ones who conceptualized the TON project and announced the Gram token plan in 2018. Nikolai Durov is also known as the author of TON's technical whitepapers; in short, we can call it TON's original architect. Therefore, the Durov brothers' vision lies at the heart of Toncoin (hence the term "Pavel Durov coin" in the industry).However, after the SEC block in 2020, the Durov brothers withdrew from the project entirely, and Telegram halted all TON-related work. From this point on, the community, rather than any specific individual, became the primary figure as Toncoin's founder. The open-source code left by Telegram was entrusted to independent developers. The team continuing the project after 2020 consists of open-source developers and volunteers from the TON community from around the world. To support this volunteer effort with an institutional structure, the Switzerland-based TON Foundation was established in 2021. The TON Foundation continues to operate actively today as an umbrella organization that coordinates and finances the network's development activities.Currently, the Toncoin network is operated in a decentralized manner by global validators. This means that neither Telegram nor the TON Foundation control the network alone; decisions are made by the community and the validators. Even when Telegram founder Pavel Durov was briefly detained in 2024, the TON blockchain continued to operate without any interruption.Pavel Durov's involvement with the TON blockchain can be explained by the following points:2018 → Telegram announced the TON (Telegram Open Network) project and the Gram token.2019 → The US Securities and Exchange Commission (SEC) filed a lawsuit against Telegram.2020 → Telegram withdrew from the project; the Gram token was canceled. Pavel Durov announced that they had returned investors their funds and ended the project.2021 → Independent developers revived TON and launched it under the name Toncoin.December 2021 → Pavel Durov announced his support for the new TON project, maintained by the community.2023 → Telegram resumed its collaboration with the TON Foundation. Toncoin began to be integrated into Telegram's Web3 infrastructure.2024 → TON Wallet was integrated into the Telegram app, and mini-apps began to be built on TON.2025 → Staking, transfers, and Web3 transactions became widespread and available to users on Telegram.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about Toncoin:What is Toncoin and why is it important?: Toncoin is the native cryptocurrency of The Open Network (TON) blockchain. This coin's importance stems from its ability to integrate with a major platform like Telegram and its potential to bring blockchain technology to millions of users. In other words, Toncoin is notable for its advanced technical features (speed, scalability, and low fees) while also being seen as a significant project that will accelerate crypto adoption by finding a practical application in daily life through Telegram.How did Toncoin come about?: Toncoin's origins stem from the TON (Telegram Open Network) project announced by Telegram in 2018. Designed by Pavel and Nikolai Durov, this project was initially planned to launch with a token called Gram, but was halted by an SEC block in 2020. After Telegram's withdrawal, independent developers took over the code and relaunched the network under the name Toncoin in 2021. In short, Toncoin was born from the community's continuation of the vision initiated and left by Telegram.What is the relationship between Toncoin and Telegram?: There is an organic connection between Toncoin and Telegram. First of all, the Toncoin project is rooted in Telegram's vision, as it was initiated by the founders of Telegram. Today, Telegram has integrated Toncoin and the TON network into its ecosystem. For example, you can use the Toncoin wallet (TON Wallet) within the Telegram app, send Toncoin without leaving chats, or run TON-based mini-apps. In short, Telegram adopted TON as its blockchain infrastructure, and Toncoin has become a cryptocurrency that reaches millions of users through Telegram. This integration creates a win-win situation for both parties: Telegram users gain easy access to crypto services, while Toncoin gains a large user base.Is Toncoin centralized or decentralized?: The Toncoin network is decentralized. While initially developed by Telegram, the network is now controlled by thousands of validators and community management spread across the globe. Toncoin's consensus mechanism, Proof-of-Stake, ensures the participation of many independent validators to secure the network. Telegram does not directly manage the network; in fact, it continues to operate the TON blockchain independently of Telegram. For example, even when Telegram founder Pavel Durov faced a brief legal dispute in 2024, the TON network continued to operate without interruption. This demonstrates that the network is not dependent on a single person or central authority; rather, it has a distributed structure.How does Toncoin differ from networks like Ethereum?: There are several key differences between Toncoin (TON) and Ethereum. First, TON is sharding-based by design, providing higher transaction capacity and speed. Ethereum, on the other hand (despite updates), still largely addresses its scaling issues with second-layer (Layer-2) solutions and can only manage a limited number of transactions on a single chain. The second key difference lies in user experience and integration. Toncoin's integration with Telegram allows users to use crypto without the hassle of specialized wallets, browser extensions, or long addresses. Ethereum-based applications, on the other hand, typically require external wallets like MetaMask, complex interfaces, and gas fee calculations. Furthermore, compared to transaction fees, gas fees on TON are much lower and designed to remain stable. In summary, while Ethereum is the leader among first-generation smart contract platforms, TON differentiates itself by offering a faster, cheaper, and more user-friendly alternative, offering a more mass-market solution. It's also worth noting that Ethereum has a more established ecosystem and a large developer community—though TON also has a rapidly growing ecosystem.How to develop an application on the TON network: Developing an application on the TON network involves several different paths for developers. First, you can develop decentralized applications (dApps) directly on the TON blockchain by writing smart contracts. TON offers specialized languages like FunC and Fift for smart contracts that run on its own virtual machine (TVM); higher-level languages like Tact are also available to simplify the developer experience. The second option is to use the Telegram Mini App platform. Telegram mini apps are lightweight applications that can interact with the TON blockchain. For example, after developing a Telegram bot or mini app, you can connect it to TON wallets using the TON Connect protocol. This allows you to write applications within Telegram that allow users to trade Toncoin, buy and sell NFTs, or perform other Web3 transactions. The TON Foundation provides comprehensive documentation, SDKs, and open-source sample projects to get you started. In short, you can contribute to the TON ecosystem by developing a smart contract or writing a Telegram mini app. The necessary tools and community support are readily available, even for beginners, on the TON developer portal. For more content on Toncoin and Web3 projects integrated with the Telegram ecosystem, follow our JR Kripto Guide series.
SUI Technical AnalysisSUI can be analyzed according to two different scenarios. Analysis would be more convenient if it was analyzed from a short-term and wide-angle perspective. SUI is trading within an ascending channel from a wide angle, currently around the mid-border of the channel. It is also in a short-term accumulation process.It is clear on the chart that there occurs a sharp price rise following the trend breakout in short-term patterns. SUI has broken upwards after the accumulation period at around $2.69. Then the price surged to the level at $4.29, which has worked as a strong resistance level in the past. The next price target could be the zone around $4.98 - $5.11 if SUI can rise up to the level $4.29 and a breakout occurs afterwards. The price needs to hold above $3.59 if this rise is to continue, as this level serves as the previous resistance and as the current key support. We should be following the levels $3.32 and $2.94 as support in case of a pullback scenario. Price action between the levels at $3.59 and $4.29 could create an accumulation process in the short term. The direction of the breakout of this level could signal SUI's new trend. Wide Angle Rising Channel Structure Summary:• The price is trading close to the mid-range within a wide ascending channel pattern.• The short-term downtrend has been broken, and the $2.69 area has become strong support.• The $4.29 level is acting as strong resistance.• If stability above $3.59 is achieved, $4.98 - $5.11 can be targeted.• In case of pullbacks, support levels of $3.32 → $2.94 → $2.69 → $2.36 should be followed.• The $3.59 - $4.29 range can be considered an accumulation zone.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
ZK Current OutlookThe ZK chart clearly displays that the short-term falling wedge formation has broken upwards. The target of this formation, approximately around the $0.065 - $0.074 range, also coincides with the long-term falling trend line and horizontal resistance; that is, the price is about to complete the target of the formation and is approaching the multiple resistance zone.The coin is currently trading around $0.0510, and obviously the range between the levels $0.054 - $0.065 is forming a major resistance corridor. Thanks to the formation, the price could move up to this resistance level. However, it is too early to predict a strong breakout unless we see a price closing above the level at $0.065, since the price has been rejected here many times in the past. What’s more, this level coincides with the upper border of the descending channel and serves as a strong sell area.We should be following whether the price will hold above the level at $0.048 or not. Remember that this level is significant both as the previous resistance level and as a potential retest zone following the recent breakout. We can still expect the upward momentum to continue if the price finds support here. On the other hand, we should be following the support levels at around $0.046 and $0.041 below.The medium-term bullish scenario will be activated if the price closes above the level at $0.065 and the descending trend line gets broken. According to this scenario, the price could target the levels at $0.091, $0.13, and $0.19 respectively. Falling Trend Structure Summary:• The short-term falling wedge formation has broken upwards.• The target of the formation is the $0.065–$0.074 range.• This area also coincides with the long-term falling trend line and horizontal resistance.• Holding above $0.048 is critical for upward movement to continue• Resistance levels up: $0.054 → $0.065 → $0.074 → $0.091• Support levels below: $0.048 → $0.046 → $0.041• Mid-term targets in case of a breakout: $0.13 → $0.19These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
ZRO Technical AnalysisWhen we analyze ZRO, we see that the coin is trading within a broad horizontal channel pattern, which represents both an accumulation process and a potential for a new formation. The price is currently trading at around $1.73, very close to the lower border of the channel.The first resistance level to follow is $2.08 in the short term, which serves as both horizontal resistance and mid-border of the channel. The coin needs to break above the level at $3.35 for confirmation of the upward breakout. Unless this threshold is exceeded, we cannot say that the channel is broken upward; therefore, the level at $3.35 stands as a major resistance.We will consider the channel formation technically broken with price closings above the level $3.35, and then the target would be the level at approximately $7.00 – as long as the channel length.We should be following the levels at $1.65 - $1.46 and $1.33 as support levels respectively in case of a pullback. Remember that these levels are key levels within the channel. Summary:• Price: $1.73, close to the channel lower band• First resistance level: $2.08• Main breakout level: $3.35• Formation target on closes above $3.35: approximately $7.00• Intermediate resistance levels: $4.06 → $4.34 → $5.37• Support levels: $1.65 → $1.46 → $1.33These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
XLM/USDT Technical AnalysisWhen we analyze the XLM chart, we can clearly see that the long-standing descending channel pattern has broken upward. The price of the coin has surged to the level at $0.4785 with a strong upward momentum following the breakout we saw in early July. It is sad to see that the price has begun to pull back to the upper border of the channel due to the profit-taking recently. XLM Current Appearance It is seen that the price is currently trading around $0.3648; however, the range around the levels at $0.3774 – $0.3909 started to act as resistance as the price could not hold above this zone. We have the first short-term support level at $0.3416 in case of a fall scenario. Below this level, the price could test $0.3093–$0.2980 if the fall continues. We see that this price zone coincides with both the horizontal support zone and the previous breakout zone, which technically stands as a strong defensive line.It is possible that the price will recover back to the range around the levels at $0.39–$0.42 if buyers re-enter the market here. We need to see the price close above $0.4267 for the uptrend to continue.In terms of the formation, following the breakout of the channel, a new structure seems to be forming. Thus, it is important that we follow whether XLM will enter a trend again or a symmetrical structure.Based on the formation, a new structure tends to form after a channel breakout. Therefore, it's important to carefully monitor whether the price will re-enter a trend or a symmetrical structure.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
XRP Technical AnalysisWe can clearly see the ascending channel pattern on XRP chart. The coin has moved around the upper half of the channel with a great uptrend since the month of June; however, due to the sell pressure recently, the uptrend has weakened, triggering an in-channel correction.XRP is currently trading around the level at $2.77, and we have the support range between the levels at $2.38 - $2.44 in case this sell pressure persists. This range is not only a support but represents a strong demand zone around the lower border of the channel. We technically expect that buyers will re-enter the market around this demand zone.In the event that XRP turns upwards, we will be following the levels at $2.93 and then the range at $3.13 - $3.42 as a resistance. Remember that these levels are crucial as they both worked as strong rejection area and also served as the support following the breakout.On the other hand, if XRP breaks below the support at $2.38, we may see a drop to the lower border of the channel, after which we should be following the next support levels at $2.18 and $1.90 respectively. Wide Rising Channel Structure Summary:Price: $2.77 (going through a correction within the ascending channel)Support zone: $2.38 – $2.44 (strong demand zone)Upward resistances: $2.93 → $3.13 → $3.42Downward risk: $2.18 → $1.90These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
LTC Short-Term Technical AnalysisWhen analyzing the LTC chart, we see that there is a falling wedge pattern forming in the short term. As we all know from experience, such patterns generally end up breaking above. LTC is currently trading at around $105, stuck near the upper border of the formation.If we see a clear breakout above the upper border of the falling wedge formation, the technical formation target is moved upwards by the height of the wedge, which, in this case, makes the range $118.77–$120.00 a possible target. Resistance levels to follow:• $109.38• $110.73• $114.14• $118.77–$120.00 (formation target)In case the price breaks downwards, support levels to follow are:• $102.09• $97.09• $91.31 (key support level)These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
ENA Technical AnalysisENA has recently seen strong upward momentum, swiftly surging from $0.32 to $0.54 in a short period. This rapid price rise suggests that investors should be careful as it is approaching the horizontal resistance zone of $0.66–$0.71, which also intersects with the long-term downtrend.In other words, the technical target of the uptrend and the intersection of the long-term trend are located at almost the same level—a situation which suggests that, at this strong resistance area, investors could realize profits and the market’s direction could be reshaped.Technical Outlook:Current price: $0.5453First intermediate resistance in short term: $0.60–$0.62Main resistance: $0.66–$0.71(the zone intersecting with downtrend line)If broken above, the next target: $0.90Support levels in case of a pullback:$0.48 → $0.43 → $0.40 Current Appearance At this level, volatility and profit-taking are highly possible; however, if this momentum continues, the short-term target could be the price range of $0.66–$0.71.This resistance area also stands for the breakout point of the downtrend. If this level is broken upwards, the rise can be expected to accelerate further. In such a scenario, prices above $0.90 might become technically possible in the medium term.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
