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Bitcoin and Toncoin Social Sentiment Jumps, Bull Run Ahead?

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2 months ago

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After a massive run with memecoins over the past few weeks, the crypto community is returning back to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Toncoin (TON) and other Layer-1 protocols. According to data insight from Santiment, Layer-1 networks have collectively seeing 44.2% of social discussions on specific coins. This shift, the analytics firm imply might mean a potential return to the bull era.

Bitcoin, Toncoin and L1 Protocols Back In Limelight

According to Santiment on X, memecoins like Dogecoin, Shiba Inu and PEPE are currently being discussed less in the market. The platform attributed this shift to the recent volatility that pushed the dominance of speculative altcoin price behind.

The data giant acknowledged that Bitcoin and L1s like Ethereum and Toncoin are the foundational infrastructure in the industry. It noted that the increased focus on these assets by traders often signals market maturity. It hinted that an L1 focus is a sign investors are prioritizing security, innovation and real world adoption.

Per the Santiment insight, memecoin frenzies generally come before the market falls. Historically, it noted that speculative excesses often lead to sharp reversal when the hype has faded. 

However, it pointed out that this shift implies a more balanced market will emerge once the excessive leverage bets are wiped off.

Is Bitcoin, Toncoin and L1s Ready for Rally?

According to the Santiment projection, a shift away from memecoin is proof that the market might be tilting toward sustainable trends. It confirmed that the gambling mindset associated with memecoins is paving the way for better fundamentals.

This forecast aligns with speculations from analysts that the altcoin selling will stop soon, paving the way for rapid rebound. As of writing, BTC price was changing hands for $97,380.20, up 1.81% in 24 hours. The sentiment has also trickled down to Ethereum, Toncoin, and Cardano. These altcoins are up 1.44%, 0.56% and 3.30% to $2,668, $3.806 and $0.7172 respectively.

While it remains unclear whether the bull run is finally return, Santiment is optimistic the market is in a healthy cool-down period.

Altcoins With ETF In Spotlight

Altcoins like Solana, XRP, and Litecoin are in the spotlight owing to the growing push for spot ETFs to track their prices. As reported earlier by CoinGape, Grayscale has filed for Cardano ETF with the US SEC.

The growing number of crypto ETF applications has signaled that a massive adoption era is on enroute. With Bloomberg Senior ETF Analyst projecting high approval odds for Litecoin, Dogecoin, and Solana ETF, the market appears ready for a rebound.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Altcoin

Why Is Pi Network Coin Price Up 5% Despite Altcoins Market Correction?

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1 hour ago

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March 28, 2025

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The broader altcoins market has entered a sharp correction today, but Pi Network price is looking the other way with 5% gains in the last 24 hours and moving past $0.85. This comes as a fresh relief rally after Pi Coin faced a steep 20% drop over the past week. Moreover, it seems that investors are looking beyond PI token unlocks along with slowing down exchange deposits.

Why Is Pi Network Coin Price Up Today?

As stated, the Pi Coin deposits to exchanges have dropped significantly, hinting at a potential shift in market activity. Over the past 24 hours, only 1 million PI tokens were deposited across exchanges, against the tens of millions of deposits in the previous week, PiScan data showed.

The most significant transaction during this period was a transfer between exchanges, with tokens moving from Bitget to Gate.io. This drop in deposits can lead to upward price pressure for the Pi Network Coin. As shown in the image below, the total PI balance on centralized exchanges is upwards of 352 million, with OKX exchange alone having 160 million in PI balance and Bitget exchange having over 81 million in PI balance.

Source: Moon Jeff

Over the past month, the Pi Coin price has crashed all the way from the peak of $3 to now $0.82, eroding more than 75% of investors’ wealth. However, market analysts are still hopeful of its recovery to $3 if three main factors align.

  1. Mainnet Progress: The launch of a fully open Pi Mainnet could significantly boost demand for PI tokens.
  2. Exchange Listings: Expanded listings across major exchanges would enhance accessibility and liquidity. After much discussion in social media and despite high expectations, crypto exchange Binance has excluded Pi Network from its listing plan.
  3. Ecosystem Growth: The development of real-world use cases and strategic partnerships could further drive adoption and utility.

Eyeing Complete Decentralization

Pi Network could be eyeing complete decentralization while embracing crypto and Web3. This has been the latest buzz in the town, keeping investors curious.

It appears to be hinting at a significant partnership that could reshape the crypto or financial landscape. The cryptic message above has sparked speculation about a collaboration between Pi and Web3 (symbolized by the triangle), potentially signaling a step toward a fully decentralized future.

As of press time, the Pi Coin price is trading at $0.831 with a market cap of $5.62 billion. With the current bounce back, the altcoin has broken out of the trendline formation over the past 14 days. If the PI price stays above $0.8340, it could stage a quick recovery to $1.

Source: TradingView

Altcoins Market Correction

The altcoins market has entered a steep correction today with top players like Ethereum (ETH), XRP, and Solana (SOL), correcting over 5% each. Crypto analyst Ali Martinez highlights a surge in stablecoin reserves across all exchanges, rising from $32.1 billion to $32.8 billion within the past 24 hours.

Altcoin marketAltcoin market
Source: Ali Martinez, X

This sharp increase suggests heightened profit-taking activity in the cryptocurrency market.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Adds Support For MUBARAK, CZ’s Dog, & These Crypto, Here’s All

Published

5 hours ago

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March 28, 2025

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The latest announcement from crypto exchange giant Binance has left investors speculating about the future prices of 4 tokens. On Friday, March 28, the exchange revealed enhanced trade offerings for MUBARAK, CZ’S Dog (BROCCOLI), Tutorial (TUT), and Banana For Scale (BANANAS31) tokens. Primarily, the CEX is adding these coins to the ‘Earn, Buy Crypto, Convert & Margin’ trading platforms.

In response, crypto market traders and investors also speculate over looming price gains due to enhanced market exposure brought by a top CEX.

Binance Bolsters Support For MUBARAK, CZ’s Dog, TUT, & BANANAS31

As per an official release, Binance is integrating the abovementioned tokens to the ‘Simple Earn, Buy Crypto, Convert, Margin, and Auto-Invest’ trading platforms. The enhanced trade offerings pave the way for more investor interaction with these assets, thereby welcoming funds.

Notably, MUBARAK, BROCCOLI, TUT, and BANANAS31 flexible products were listed on the CEX as of March 28 at 02:00 UTC. Users can now avail of the subscription facility for these assets on the platform. Auto-Invest services for the same are to commence on March 29 at 10:00 UTC.

Also, the exchange’s enormous user base can buy these tokens via VISA, MasterCard, Google Pay, Apple Pay, and Revolut. Users can also trade it using account balances on the ‘Buy Crypto’ division.

Overall, these enhanced offerings magnetize investors from across the globe with emerging market opportunities, thus offering a money influx into the coins. Historically, such offerings on top crypto exchanges have proved bullish for crypto assets in the long term.

Other Offerings For These Coins On Binance

Binance also revealed that starting March 28 at 05:00 UTC, users can trade these assets on the ‘Convert’ division. This means users can trade the coins against BTC, USDT, and other assets available on the platform at zero fees.

Simultaneously, MUBARAK, TUT, and BANANAS31 will be added as new borrowable assets on Cross and Isolated Margin. Users can enjoy this trading facility starting March 28 at 04:30 UTC. Altogether, the stockpile of enhanced offerings ushers in a positive market sentiment for these tokens.

How Are The Tokens Performing?

CZ’s Dog price witnessed a remarkable 20% uptick intraday, reaching $0.06157. The crypto’s 24-hour low and high were $0.04978 and $0.08665, respectively. TUT price was up by a staggering 136%, reaching $0.03949. The coin bottomed and peaked at $0.01586 and $0.0587 intraday. Notably, the two tokens mentioned above witnessed remarkable gains in the wake of their spot listings and enhanced trade offerings on Binance.

However, BANANAS31 price crashed nearly 18% despite its listing. The token even hit a low of $0.005326. Additionally, MUBARAK price slumped almost 36% to $0.09671, defying market optimism. Its intraday low and high were $0.09159 and $0.158, respectively. While two of the coins mirror a bull run amid enhanced market support, two trade in the red zone.

What’s More?

CoinGape earlier reported that Binance completed its inaugural Vote To List program for these tokens. As a result, new trade offerings were unveiled today.

However, it’s worth mentioning that a few traders have sparked a speculative buzz with their MUBARAK coin transfers amid new listings. Soon after the announcement, three addresses deposited 22.15 million tokens to the leading exchange, per ‘ai_9684xtpa’ on X. If sold, two addresses could see over 100 times the profit, adding a layer of intrigue to the crypto’s price movements and insider trading speculations.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Dogecoin Cup And Handle Pattern Signals Recovery To $0.4, Here’s How

Published

9 hours ago

on

March 28, 2025

By


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

An analyst on TradingView presented a technical outlook that contrasts with prevailing market sentiment, suggesting that Dogecoin is still forming the cup phase of a cup and handle pattern rather than completing the handle as many believe. 

This alternative perspective frames the recent price movements not as a retest following a breakout, but as part of a much longer consolidation phase that began after Dogecoin’s 2021 peak. Nonetheless, the consensus is the same, and this setup suggests that the Dogecoin price is about to recover towards $0.4.

Cup Formation Since 2021 Still In Progress

According to the analyst, the cup and handle pattern visible on Dogecoin’s chart has been developing for nearly four years, with price rounding off a wide base that stretches back to its previous all-time high. This interpretation diverges from the majority view, which argues that Dogecoin completed the cup structure, broke out of the neckline resistance late last year, and is now in the handle phase before another leg upward. 

Instead, the current analysis argues that Dogecoin remains in the latter stages of the cup phase, with no handle formation yet confirmed, and that accumulation is still unfolding. Price holding above key exponential moving averages supports the idea that buyers are gradually building positions during this drawn-out bottoming process.

Dogecoin
Source: Chart on Tradingview

The resistance zone around $0.48 is seen differently in this analysis as only part of the cup formation. From this perspective, the breakout has not occurred, and any move toward $0.4 would be part of a continued upward grind into the neckline. This puts the focus not on handle formation or retest of breakout point, but on the development of a complete cup structure that could eventually set the stage for a classic handle and breakout rally.

Accumulation In Cup Phase To Push Dogecoin To New Highs

Many analysts have written off Dogecoin’s recent pullback as part of a handle retest following a breakout, but this technical setup implies that the price is still climbing toward a breakout point that is yet to be reached. Based on this outlook, a move toward $0.4 could serve as part of the final uptrend in the cup structure, after which a handle might finally take shape. 

If the pattern plays out as described, Dogecoin could see short-term gains before pausing for consolidation at higher levels between $0.4 and $0.5. The real breakout above the neckline resistance is above these levels, before a subsequent handle formation. 

Nonetheless, the most notable price level to watch for a true confirmation of the bullish continuation is $0.48. At the time of writing, Dogecoin is trading at $0.1967. The past 24 hours have been characterized by a brief break above $0.2, which is currently the most significant short-term price resistance to overcome.

Dogecoin
DOGE trading at $0.19 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

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