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Cryptocurrency News Articles

TON, XMR, and SOL Emerge as Promising Altcoins for 2025, Market Movements Put Them in the Spotlight

Dec 28, 2024 at 05:33 am

Market movements have recently put TON, XMR, and SOL in the spotlight as promising altcoins for 2025. According to ChangeNOW, transaction volumes for these cryptocurrencies have risen.

TON, XMR, and SOL Emerge as Promising Altcoins for 2025, Market Movements Put Them in the Spotlight

Promising Altcoins for 2025: TON, XMR, and SOL Transaction Volumes Surge

Recent market movements have highlighted Toncoin (TON), Monero (XMR), and Solana (SOL) as promising altcoins for 2025, according to ChangeNOW. Transaction volumes for these cryptocurrencies have surged on the service, which enables crypto exchanges without registration and is favored by savvy investors and whales.

The increase in transactions on ChangeNOW suggests that investors are accumulating these coins, indicating potential growth ahead. Here's a closer look at each cryptocurrency's market performance and technical signals:

Toncoin Flirts with Bullish Momentum Amid Price Fluctuations

Toncoin's price has been fluctuating recently, with lows of $4.61 and highs of $6.31. However, the cryptocurrency is showing signs of potential bullish momentum.

The 1-week price increase is 5.99%, hinting at growing buyer interest in the coin. The 10-day simple moving average is $5.82, which is slightly higher than the 100-day average of $5.66. This could indicate a possible upward trend in the making.

Toncoin’s next resistance level is at $7.24. If the cryptocurrency manages to break past this level, the next target could be $8.93—an increase of over 40% from current prices.

Technical indicators are also showing favorable signs. The Relative Strength Index is at 42.03, and the stochastic value is 22.76, indicating that Toncoin is nearing oversold territory, which often precedes price increases. Overall, the current technical setup points toward a market leaning in favor of the bulls.

Interested parties can buy or exchange TON on ChangeNOW, a custody-free platform that requires no registration.

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Monero's Market Gains Momentum Amid Positive Price Movement

Monero (XMR) has experienced significant growth over the past month, with prices increasing by over 23%. Currently trading between $160 and $227, the cryptocurrency shows potential for further gains.

XMR's next resistance level is at $263, with a second resistance at $329. If the cryptocurrency continues its upward trend, these levels could serve as potential targets.

Both the 10-day and 100-day simple moving averages are at around $192, indicating steady momentum in the coin's price movement.

Technical indicators such as the Relative Strength Index at 50 and Stochastic at 57 point to neutral market conditions. Despite a slight dip of 9% in the past week, the overall six-month increase of nearly 15% underscores Monero's upward trajectory.

Monero is available on platforms like ChangeNOW without registration or hidden fees.

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Solana's Price Dip Suggests Potential Upswing Amid Oversold Signals

Solana's (SOL) price has been ranging between $161 and $214 recently, showing a decrease of over 8% in the past week and nearly 19% over the past month. Despite this downturn, SOL's six-month change remains a positive 36%.

Technical indicators like the Relative Strength Index at around 32 and Stochastic near 10 suggest that SOL may be oversold. The nearest support level is at $141, and if the price holds above this, it could rebound toward resistance levels at $249 and potentially $302. This possible upward movement represents a significant percentage increase.

The current market setup appears favorable for Solana which is available for purchase on ChangeNOW without registration and hidden fees.

>>> ChangeNOW - Swap Crypto Simple, Fast, Free of Custody <<<

Conclusion

Each of these cryptocurrencies, TON, XMR, and SOL, presents unique opportunities for investors and traders. Those interested in these coins may find ChangeNOW to be an excellent platform for their transactions.

ChangeNOW allows users to exchange, buy, or sell these cryptocurrencies without hidden fees or the need for registration, enhancing security by not storing user funds. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW offers a convenient and secure way to manage cryptocurrency investments.

News source:cryptodaily.co.uk

Disclaimer:info@kdj.com

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Other articles published on Dec 29, 2024