Summer has historically been a weak time for cryptocurrencies; most major players manipulate prices and make traders anxious or leave the market for vacation.
The same thing is happening now: only whales, funds, and BlackRock are buying - almost completely flattening out the price drop at the moment.
The main bullish factor for the summer could be the Ethereum ETF, which could easily trigger strong upcoming growth.
Did you follow the US CPI news yesterday, 11/07/2024? If so, you would be very happy, as the data was very positive. Surely, the FED will lower interest rates, possibly as early as September, with a 0.25-0.5% rate cut for the first reduction. And if it drops by 0.5-0.75%, the market will undoubtedly pump very strongly.
You might not know that Telegram, with over 900 million users worldwide, mostly tech-savvy and financially-minded individuals, revealed its plan to IPO on the US stock exchange early in 2024. Telegram pays 50% of its revenue to channels with ads, its mini-apps are growing well, and its Tap to Earn game is unmatched by any other system. The massive attraction of users can be seen in the Hamster example, which has over 230 million users.
TON moving towards $10-$50 is only a matter of time. Hunt for the best TON memecoins with good communities, developers with substantial financial resources, and transparency.
Let’s stay informed, vigilant, and ready to seize the opportunities in this evolving market. Stay tuned and stay ahead!