The cryptocurrency market has been going through a period of decline and neutrality since March, but there seems to be an increasing positive sentiment. Some cryptocurrencies are trending due to their predominantly negative outlooks. It’s important to note that community sentiments in cryptocurrencies are subject to change and trending projects don’t always reflect their underlying fundamentals. However, social indicators and public opinion can potentially impact the short-term price movement of a cryptocurrency. Santiment has provided data pointing to two cryptocurrencies that investors should consider this week.
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Notcoin (NOT) and Toncoin (TON) Comments
TON Price Outlook
Notcoin (NOT) and Toncoin (TON) Comments
Santiment’s social index, particularly after users reported withdrawal issues with Binance and TON wallets, indicates a downward trend for Notcoin. The AI summary provided by Santiment reveals the following results: Access COINTURK FINANCE to get the latest financial and business news.
On the other hand, the NOT side shows a bullish outlook regarding successful cash withdrawals, trading opportunities, and cryptocurrency exchange listings.
Speaking of Notcoin’s fundamentals, it was created as a reward token for a Telegram game that aims to attract users to The Open Network (TON). The initial negativity surrounding NOT stemmed from the general perception of Toncoin, the native token of the TON blockchain to which the game is linked.
TON Price Outlook
Toncoin has been gaining attention with its impressive performance since the beginning of 2024. After a 228% increase over the past year, it is currently trading at $6.58. The structure of TON aims to establish solid long-term foundations by effectively incorporating investors and developers into its ecosystem.
On the other hand, some technical indicators on the TON side also suggest that the token may maintain its current prices or even rise despite prevailing sentiments. TON continues to trade above its 30-day exponential moving average (30-EMA), while the Relative Strength Index (RSI) indicates a strong structure.
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Disclaimer: The information provided in this article is not investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks, and should conduct their own research.