Libre, a tokenization firm, is launching the Telegram Bond Fund (TBF) on the TON blockchain. The fund will tokenize $500 million worth of Telegram’s debt, offering accredited investors access to high-quality yield products. Backed by Telegram’s $2.4 billion in outstanding bonds, these tokenized assets can also be used as collateral for on-chain borrowing and project development on the TON network. It’s a major move bringing institutional finance directly into the crypto world.
Ripple’s XRP has defied the broader crypto market’s muted performance over the past week, surging nearly 15% in the past seven days.
The token’s price has climbed to a 17-day high of $3.35 at press time, with a combination of on-chain and technical indicators suggesting the rally may have more fuel left in the tank.
XRP Social Metrics Heat Up, Hinting at Short-Term Price Growth
Market sentiment toward XRP has shifted sharply bullish, as reflected in its rising weighted sentiment score, which measures traders’ overall outlook. At press time, this metric stands at a two-week high of 1.17.
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An asset’s weighted sentiment measures its overall positive or negative bias, considering both the volume of social media mentions and the feelings expressed in those mentions.
When it is negative, it is a bearish signal, as investors are increasingly skeptical about the token’s near-term outlook. This prompts them to trade less, exacerbating the downward pressure on price.
Conversely, as with XRP, when an asset’s weighted sentiment is positive, it highlights growing market confidence and a willingness among traders to buy into rallies. If this sentiment-driven momentum persists, it can amplify XRP’s price gains in the short term.
Furthermore, santiment data shows XRP’s social dominance has climbed to a 19-day high of 7.95%, meaning the altcoin continues to capture a larger share of all crypto-related social discussions.
Social dominance measures how much of the total online conversation within the cryptocurrency sector focuses on a particular asset. When this metric spikes, as it has for XRP, it signals heightened retail interest and engagement.
This visibility could draw more speculative capital in the short term, driving more gains for the token.
XRP Gears for Breakout as Buy-Side Pressure Hits Peak
On the daily chart, XRP’s Aroon Up Line supports this bullish outlook. This is 100% at press time, indicating that the token’s rally is strong and backed by significant buy-side pressure.
The Aroon indicator measures the strength and timing of a trend by tracking the time since the asset reached its most recent high (Aroon Up) or low (Aroon Down).
When an asset’s Aroon Up line is at or close to 100%, its price has hit a new high recently and is targeting more gains. This is true of XRP, which currently trades at a two-week high. It means the market has strong bullish momentum and hints at a potential sustained rally.
If this continues, the token’s price could break above $3.39 and reclaim its cycle peak of $3.66.
The memecoins have begun to rise as Bitcoin displays massive stability after the recent upswing. The bears failed to drag the levels lower, which suggests the markets could have probably risen despite the bearish influence. As a result, prices of dogwifhat (WIF), FLOKI & Bonk have managed to attract massive gains. Here’s why a memecoin mania appears to be imminent before a potential AltSeason.
dogwifhat (WIF) Price Aims for 80% Recovery
The weekly chart of WIF price suggests the memecoin has begun with a recovery after undergoing a correction
The price dropped below the neckline of the double-top pattern after facing a rejection, a couple of times from the ATH
The RSI has triggered a bullish divergence, which suggests the price is in between a strong recovery
However, the weekly Gaussian channel has turned bearish which raises concerns over the next price action
Therefore, the WIF price is required to secure $0.8 before the weekend which may invalidate bearish trajectory and a potential push towards $1
FLOKI Price Could Reach $0.0001
The FLOKI price has risen above the bearish captivity as the recent rise has helped the token to break the bearish pattern
After breaking above the resistance of the descending parallel channel, the FLOKI price maintained a strong upswing and rose above the pivotal range at $0.00006858
As the volume rises, the CMF also surged above 0 with a steep increase to 0.12, indicating a massive rise in the money flow
However, the token is yet to validate a breakout that could happen once the price closes and begins the fresh day’s trade above $0.00007
Once done, the FLOKI price is believed to squash a zero from its’ value and reach the pivotal range at around $0.00011.
Bonk Price at a Decisive Phase-May Trigger a 25% Rise
The BONK price has reached the neckline of the double bottom pattern and is experiencing a notable pullback
The RSI has maintained an incremental approach, which suggests the rising strength of the bulls
On the other hand, the Ichimoku cloud has just turned bullish as the price has risen above the cloud, and hence the cloud could act as a strong support
Hence, if the BONK price sustains within the range, a breakout could push the price towards the resistance just below $0.00002, which is weak, resulting in a pullback
Therefore, the BONK price is believed to maintain a consolidated ascending trend and rise above the resistance to enter the range between $0.000025 and $0.000026
The post WIF, BONK & FLOKI Prices Attract Massive Gains—Has the Memecoin Mania Begun? appeared first on Coinpedia Fintech News
The memecoins have begun to rise as Bitcoin displays massive stability after the recent upswing. The bears failed to drag the levels lower, which suggests the markets could have probably risen despite the bearish influence. As a result, prices of dogwifhat (WIF), FLOKI & Bonk have managed to attract massive gains. Here’s why a memecoin …
