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Toncoin trading has exploded recently. The cryptocurrency, linked to the TON blockchain, saw its volume jump 148% in one day. This surge sent the TON price above $5, sparking investor interest. Also Read: Putin’s Bitcoin Boom: $3 Billion Gain Last Year, Now Eyeing Market Dominance Toncoin’s Meteoric Rise: What Investors Need to Know Source – Bitcoinist Unprecedented Trading Frenzy Toncoin volume spiked across exchanges. Let’s look at the data: Source: CoinGlass This chart shows the TON OI-Weighted Funding Rate and volume across major exchanges. Binance leads with $278.77M in volume, followed by Bybit at $111.17M. Price Recovery and Market Sentiment The TON price has shown a strong recovery: Source: CoinMarketCap As we can see, after dropping to around $4.60 in early September, Toncoin rebounded. It broke through the $5 mark and reached peaks above $5.20, indicating renewed bullish sentiment. Also Read: Will Trump vs Harris Debate Affect Bitcoin’s September Price Pace? ...

The Shiba Inu (SHIB) network has been taking a huge hit. The second largest meme coin was seen dropping the cryptocurrency ladder. SHIB has been tussling with Avalanche (AVAX) for the 12th spot. The asset is the 13th largest cryptocurrency with a market cap of $7.86 billion. AVAX is right above with its market value at $8.16 billion. At press time, SHIB was trading at $0.00001327 with a 4.16% drop over the past 24 hours. Factors Influencing Shiba Inu’s Price Movement Source Bullish Predictions for Shiba Inu The next few days will be highly bullish for the cryptocurrency. Data from Changelly reveals that SHIB is expected to rise to a high of $0.00002191 on Aug. 15. The meme coin will surge nearly 60% from its current price range to get to this level. Even though this seems far-fetched, Shiba Inu has recorded an uptick of this magnitude multiple times. As a result, it wouldn’t come as a significant shock if SHIB shoots up by this margin. Also Read: Analyst Predicts 100,000% Growth for Sh...