Tag Archives: The Open Network

Bitcoin

TON-Based Memecoin Becomes Largest Gainer With 30% Jump

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Regardless of adversarial market circumstances, canine (DOGS) noticed a big value bounce within the final 24 hours. The token, launched on The Open Community (TON), noticed a 34% surge amid the market volatility and the blockchain’s latest outage. Its efficiency propelled the value to a market cap above $800 million, fueling a bullish sentiment amongst traders.

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TON-Based mostly Memecoin Takes The Market By Storm

DOGS is a TON-based memecoin centered round a canine mascot, “Spotty,” created by Telegram’s founder, Pavel Durov. The venture lately introduced a large airdrop and itemizing on main crypto exchanges, together with Binance, OKX, and Bybit.

The DOGS airdrop would supply eligible customers 440 billion tokens out of the 550 billion token provide. 81.5% of DOG tokens have been allotted to the neighborhood, with 73% reserved for “Telegram Ogs, who earned DOGS within the app.”

The remaining 4.5% would reward merchants, sticker creators, and future neighborhood members. Moreover, 10% of the provision was allotted for the venture’s staff and future growth, whereas 8.5% was reserved for liquidity on CEXs and DEXs, and listing-related occasions.

After the itemizing on August 26, a number of crypto exchanges confronted technical issues as a consequence of an “unprecedented surge in consumer exercise.” The excessive on-chain exercise quickly disrupted the exchanges’ operations.

The exercise improve additionally affected the Telegram Pockets. As introduced on the Pockets’s Telegram channel, the launch “created fairly a buzz,” quickly unavailable the platform’s alternate function.

The DOGS Group channel mentioned the launch was “melting TON infrastructure.” The airdrop was additionally linked to TON’s overload on August 27. The neighborhood reported that the blockchain disrupted block manufacturing for roughly seven hours.

The TON Basis defined that the community overload was associated to DOG’s large variety of transactions. The community registered over 20 million transactions within the earlier two days. This resulted in “rubbish assortment overloading most of the validators for sufficient time for them to lose consensus.”

DOGS Turns into The Largest Gainer In 24 Hours

The TON community points have been accompanied by a market retrace on Tuesday, which brought about the trade to dip by over 7%. The crash brought about Bitcoin (BTC) to lose its assist above the $60,000 mark and dive straight to the $58,000 vary.

Whereas most cryptocurrencies adopted the drop, DOGS remained unfazed by the adversarial market circumstances. Altcoin Sherpa highlighted that the token “didn’t transfer amidst all of the volatility.”

Amid the turmoil, the brand new memecoin sensation hovered between the $0.00115-$0.001125 value vary. The token noticed a optimistic value motion following the community’s restoration.

DOGS noticed a exceptional 33.6% value bounce within the early hours of Wednesday, going from the $0.00125 mark to the $0.00167 value vary. After this efficiency, the memecoin turned the most important gainer among the many high 100 cryptocurrencies within the final 24 hours.

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Moreover, it soared to a market capitalization above $843 million, making it the 92nd largest token by this metric. Since then, the cryptocurrency has retraced to a market cap of $800 million and a buying and selling value of $0.00159.

DOGS’ efficiency within the two-day chart. Supply: DOGSUSDT on TradingView

Featured Picture from X.com, Chart from TradingView.com

Bitcoin

TON Price Remains Resilient Above $6.7, Can It Hold Ahead Of Crypto Winter?

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My title is Godspower Owie, and I used to be born and introduced up in Edo State, Nigeria. I grew up with my three siblings who’ve all the time been my idols and mentors, serving to me to develop and perceive the lifestyle.

My dad and mom are actually the spine of my story. They’ve all the time supported me in good and unhealthy occasions and by no means for as soon as left my facet each time I really feel misplaced on this world. Actually, having such wonderful dad and mom makes you are feeling secure and safe, and I received’t commerce them for anything on this world.

I used to be uncovered to the cryptocurrency world 3 years in the past and received so fascinated with realizing a lot about it. It began when a pal of mine invested in a crypto asset, which he yielded huge positive factors from his investments.

After I confronted him about cryptocurrency he defined his journey to date within the subject. It was spectacular attending to find out about his consistency and dedication within the area regardless of the dangers concerned, and these are the main the reason why I received so fascinated with cryptocurrency.

Belief me, I’ve had my share of expertise with the ups and downs out there however I by no means for as soon as misplaced the fervour to develop within the subject. It’s because I consider progress results in excellence and that’s my purpose within the subject. And at present, I’m an worker of Bitcoinnist and NewsBTC information shops.

My Bosses and colleagues are the very best sorts of individuals I’ve ever labored with, in and out of doors the crypto panorama. I intend to provide my all working alongside my wonderful colleagues for the expansion of those corporations.

Typically I prefer to image myself as an explorer, it is because I like visiting new locations, I like studying new issues (helpful issues to be exact), I like assembly new individuals – individuals who make an influence in my life irrespective of how little it’s.

One of many issues I like and revel in doing essentially the most is soccer. It’s going to stay my favourite outside exercise, most likely as a result of I am so good at it. I’m additionally superb at singing, dancing, appearing, trend and others.

I cherish my time, work, household, and family members. I imply, these are most likely a very powerful issues in anybody’s life. I do not chase illusions, I chase desires.

I do know there may be nonetheless so much about myself that I would like to determine as I attempt to change into profitable in life. I’m sure I’ll get there as a result of I do know I’m not a quitter, and I’ll give my all until the very finish to see myself on the high.

I aspire to be a boss sometime, having individuals work below me simply as I’ve labored below nice individuals. That is one in every of my greatest desires professionally, and one I don’t take flippantly. Everybody is aware of the highway forward is just not as straightforward because it appears to be like, however with God Almighty, my household, and shared ardour buddies, there is no such thing as a stopping me.

Bitcoin

TON Price Soars 9% On Pantera Capital’s Investment, Capitalizing On Telegram User Potential

Enterprise capital agency Pantera Capital has invested considerably in The Open Community blockchain. The information, introduced on Thursday, resulted in a 9% surge within the community’s native token, Toncoin (TON), pushing its worth above the $5 mark.

Pantera Capital Bullish On TON And Telegram Integration

In a assertion, Pantera Capital expressed enthusiasm about their newest funding in TON. The Layer 1 community, initially conceived by Telegram and continued by the open-source neighborhood, can doubtlessly introduce cryptocurrency to the lots because of its intensive utilization throughout the Telegram community. 

Telegram, utilized by over 900 million month-to-month lively customers, is thought for private and group communication, neighborhood constructing, content material sharing, and extra. Pantera Capital believes that by leveraging Telegram’s huge consumer base and consumer expertise, mixed with TON’s rising ecosystem, the community might turn out to be one of many largest within the cryptocurrency house. Pantera’s announcement additional reads:

We at Pantera Capital are thrilled to announce our newest funding in TON, a Layer 1 community initially designed by Telegram and continued by the open-source neighborhood.  We consider TON has the capability to introduce crypto to the lots as a result of it’s used extensively throughout the Telegram community. 

The combination of TON with Telegram aligns with the platform’s imaginative and prescient of offering a “seamless” and “borderless” expertise for peer-to-peer (P2P) funds inside its consumer base. 

Tether’s Integration With The Open Community

As beforehand reported by NewsBTC, Tether, the corporate behind the most important stablecoin available in the market, USDT, not too long ago introduced the launch of its USDT dollar-pegged token and Tether Gold (XAUT) on The Open Community. 

This integration additional will increase the potential for P2P funds inside Telegram’s intensive consumer base, a prospect that Pantera Capital goals to capitalize on.

Along with the funding in TON, Pantera Capital is actively pursuing the launch of a brand new fund, Pantera Fund V, to lift over $1 billion. This fund goals to offer buyers with various funding choices throughout the blockchain asset spectrum, encompassing startup fairness, early-stage tokens, and liquid tokens.

The brand new fund has established a minimal funding threshold of $1 million for certified buyers, and the primary shut is scheduled for April 1, 2025. 

Insiders aware of the matter have indicated that Pantera Fund V is anticipated to succeed in the same measurement as its predecessor, which efficiently amassed roughly $1.25 billion in capital two years in the past.

TON
The every day chart exhibits TON’s value trending upwards. Supply: TONUSD on TradingView.com

Following the disclosure of Pantera Capital’s funding in The Open Community, the value of TON skilled a notable 9% surge on Thursday, reaching a present buying and selling value of $5.09. This improve comes after a major value decline, with TON dropping as little as $4.6 after reaching its all-time excessive (ATH) of $7.65 in mid-April.

Featured picture from Shutterstock, chart from TradingView.com 

Disclaimer: The article is supplied for academic functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your individual analysis earlier than making any funding choices. Use data supplied on this web site fully at your individual threat.