Thursday, 7 November 2024
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Toncoin, ZKsync in focus as Bitbot aims at top exchange listing

Pantera Capital invests in TON, eyes support for crypto adoption via Telegram

  • Toncoin and ZKsync are in focus after TON rallied to an all-time high, while ZK is listed on top crypto exchanges.
  • Bitbot recently concluded its presale and is set for token claiming and trading debut.

Toncoin (TON) shot to an all-time high last week, trading to levels that had all addresses in profit. Meanwhile, new trading token ZKsync (ZK) has launched on some of the largest crypto exchanges, despite criticism over its airdrop distribution.

As the two crypto projects attract attention, a lot of the focus is also on Bitbot (BITBOT) – the Telegram trading bot that recently completed a successful presale.

Toncoin and ZKsync in focus

Most cryptocurrencies traded lower last week and failed to post any major moves over the weekend as Bitcoin hovered below $67k.

The struggles for the top coin as spot Bitcoin ETFs recorded another day of outflows with over $200 meant pressure cascaded to altcoins. Also hitting sentiment was the macroeconomic landscape, particularly the Federal Reserve’s interest rates decision after its FOMC meeting last week.

Toncoin (TON)

Toncoin defied the broader crypto market outlook with a parabolic surge to an all-time high of $8.25 on June 15. TON has pared some of the gains and currently trades around $7.86, just in the green in the past 24 hours and about 12% up this past week.

As far as top tokens go, Toncoin looks likely to strengthen above $7.00 and could soon target another breakout move. However, bears taking over might derail this outlook.

ZKsync (ZK)

Meanwhile, ZKsync (ZK) is now trading on some of the world’s largest crypto exchanges, including Binance, announced trading support.

ZKsync is an Ethereum Layer 2 scaling solution that recently unveiled its token ZK via an airdrop.

The project, which leverages EVM-compatible zero-knowledge (ZK)-SNARK roll-up technology is currently a hot topic in the crypto space, largely due to how the team conducted its airdrop.

Despite this, ZKsync is a solid project likely to dominate amid further adoption.

Bitbot token edges closer to trading debut

Bitbot aims to dominate the Telegram bot market, which has so far seen over $23 billion in volume. This outlook has analysts extremely bullish on the native token amid a likely explosion in new users.

The project raised over $4.3 million in its presale, with massive interest in the project down to the pioneering…

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