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Since hitting a high of $6.1, Toncoin [TON] has struggled to maintain an upward momentum. Over the past weeks, TON has declined to a low of $5.0. Despite the price dip, the altcoin’s adoption and user base have continued to surge. According to CryptoQuant analyst Joe Wedson, TON’s new adoption is on the rise. As such, more users continue to join the network. According to him, TON’s network is experiencing a rise in the number of new addresses making their first transactions. This increase indicates that the TON ecosystem is growing and attracting new daily users. This surge reflects the popularity and accessibility of the blockchain. When the new user adoption rate rises, it shows that more people are interacting with the network, creating growth opportunities within the blockchain. With the network gaining momentum, it offers a good buying opportunity as the blockchain signals growth potential. Consequently, TON could see significant gains. While Toncoin’s new user adoption has experienced a significant rise, the altcoin’s prices have been declining. However, the current market conditions signal a potential reversal to the upside. For starters, a rising positive sentiment among stakeholders, especially analysts, was seen. As such, according to Burak Kesmeci, TON needs only 10% gains to strengthen the bullish momentum that’s currently building. Additionally, Toncoin’s large holders (whales) have turned bullish and are increasing capital inflow into the altcoin. The large holders’ netflow has spiked from 6.47k to 87.93k, showing massive capital inflow from whales. This indicates that whales are buying TON. With more purchases than outflows, it signals bullish sentiment among whales as they attempt to buy the dip. Finally, Toncoin’s MVRV Ratio has declined over the past week to a low of 3.34. Historically, TON’s MVRV signals a trend reversal to the upside when it drops below 3.5. Similarly, TON’s MVRV signals a market top when it reaches 4.9. Therefore, at the current rates, the market is healthy and could see some gains in the uptrend. Simply put, the growth in Toncoin’s new adoption rate is a good sign for the blockchain. Often, when new users enter the market, it creates a higher buying pressure which facilitates price recovery.$TON

The space has gotten something essential wrong imho All the focus on decentralization has effectively cut off smaller participants while only being accessible to large holders. Running a validator requires the following to be staked: • @ethereum = 32 ETH (about $106k) • @SuiNetwork = 30m SUI (about $143m) • @NEARProtocol = 25.5k NEAR (about $129k) • @avax = 2k AVAX (about $74k) The above are some POS examples. For Bitcoin, the operating costs for hardware and electricity make it out of reach for the average Joe. You still have hobbyists participating, but they mostly do it just for fun. We need to make participating in the network more accessible and not restrictive. imho, the more validators, the better the network's resistance to censorship and decentralization. I'm not sure what smarter people like @VitalikButerin think about this, but a change might be necessary if we want permissionless public blockchains with broader participation from solo stakers. Just a random thought on a Thursday

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) over the sale of XRP has been a hot topic in the cryptocurrency world. With the recent change in leadership at the SEC, many are speculating on how the new administration will approach the appeal of the lawsuit. The SEC's lawsuit against Ripple Labs alleges that the company conducted an unregistered securities offering when it sold XRP, the digital asset used in its payment network. Ripple, however, has vehemently denied these claims and argues that XRP should not be classified as a security. The case took a surprising turn earlier this year when the SEC filed a motion for a dismissal of its own case against Ripple Labs. This move raised questions about the future of the legal battle and whether it would continue under the new SEC leadership. Gary Gensler, the new SEC chairman appointed by President Joe Biden, has a background in cryptocurrency and blockchain technology. Gensler has previously taught courses on blockchain and digital currencies at the Massachusetts Institute of Technology (MIT) and has shown a deep understanding of the industry. Many in the cryptocurrency community are hopeful that Gensler's appointment could lead to a more favorable approach to the regulation of digital assets. Some believe that the new leadership may be more open to working with industry players like Ripple to establish clear guidelines for the classification of cryptocurrencies. However, it is still unclear how Gensler and the new SEC leadership will ultimately approach the appeal of the XRP lawsuit. The outcome of this case could have significant implications for the broader cryptocurrency market and the future regulation of digital assets in the United States. As the legal battle between Ripple Labs and the SEC continues to unfold, both industry players and regulators will be closely watching to see how the new leadership at the SEC navigates this complex and high-stakes case. The resolution of the XRP lawsuit could set a precedent for future regulatory actions in the cryptocurrency space and shape the future of digital asset offerings in the United States.

Dear Bitget Insights Users, We have noticed that some users have been frequently posting duplicate content in the community. Such behavior not only disrupts the community's communication experience but also seriously violates the community rules. To prevent violations from impacting the community's safety and environment, we will implement the following measures: 1. Bans for Severe Violations Accounts with serious violations will be banned from participating in community activities, including posting, liking, commenting, and sharing. 2. Warnings for Minor Violations Users with less severe violations will receive warnings. Continued violations may result in account bans in the future. If you have any questions about these measures or wish to communicate further, please feel free to contact us via private message on the official Bitget Insights X account (https://x.com/BitgetInsights). We will actively respond and assist in resolving your concerns. Thank you again for your understanding and support! Bitget Insights Team Below is the public list of users who violated rules in this issue 👇🏻 Banned Nicknames: BGU****AL ham****is Jac****ez BGU****1B Mik****ce Ele****ia jac****ry MR-****on Jam****to Sho****oo tra****ng Ros****er Har****ia BGU****4U BGU****WV Nad****ot Haf****at Cro****st sum****di BGU****1G cry****ng Leo****ry BGU****V7 kin****01 Rob****th Ify****pt Cry****10 BGU****1L Joe****gh BGU****as BGU****XG Mir****an I_****an DON****EX BGU****L8 Cry****nt BGU****R1 BGU****XP Gle****11 老****盘 BGU****L6 BGU****AF Ka****en BGU****SJ BGU****F3 cry****st Dav****on BGU****6B BGU****KW Cry****es BGU****L0 Ish****fa Kha****eb BGU****JC BGU****3Z جیک****ک۔ BIT****OW Cry****ha can****ce Cry****h2 🤖N****m☠ BGU****G7 jas****oy Mr_****er BGU****KL BGU****XK wal****42 RL_****ns DL****rt 🌸a****🌸 sa****an Zai****ts kin****64 Ann****ne Any****er cry****st Ali****el BGU****HB BGU****KY BGU****BB FAU****YU Sha****st Uma****02 San****23 ba****💫 Ro****eo Jac****de BGU****R1 Cry****ia Nim****💞 Jim****my Bit****ng Mee****ii Jam****op Cry****ia Ceo****er Dav****as Mr_****ca kin****te Ka****or zai****ah E_M****ER Mee****02 Aro****oi Ars****63 BGU****MV Mar****us GEN****QP muh****�⚡ Mh****en kil****as BGU****KM 扎*布 BGU****10 BGU****D0 Nob****❤️ Li****_$ BGU****VG マテ****ーン BGU****QE Tw****ch BGU****0R

Magic Eden General Counsel Joe Doll said that cryptocurrency czar David Sacks only has 2 years to push pro-crypto policies before the 2026 US midterm elections. The majority in the House of Representatives is very thin and is likely to be reversed.