TON USDT is on a rising wedge and may drop to $4.578 price levels if the slant resistance doesn’t hold - Ethereum (ETH) as its co-founder Joseph Lubin said SEC remains neutral as the U.S 2024 Elections approach sighting the ETH ETF approvals. - E-commerce market to reach $7.9 trillion by 2027, as Clandeno (CLD) uses decentralized technology to set the pace.
Global political developments weigh heavily on the cryptocurrency markets, significantly impacting the prices of Ethereum (ETH) and Toncoin (TON). Yet, Clandeno (CLD) is soaring in demand on its Initial Coin Offering due to its revolutionary technology. With so much attention on this crypto startup based on its value proposition, its potential for explosive growth is becoming increasingly apparent.
Latest TON/USDT Price Prediction
Image Source: TON USDT 1-Day Price Chart | Tradingview
Toncoin (TON), a promising cryptocurrency with roots in the Telegram Open Network, just like every other cryptocurrency is also the effect of the adverse global political climate. Regulatory scrutiny and political uncertainties are casting a shadow over the market performance of Toncoin (TON).
Toincoin (TON) price seems to be in a rising wedge pattern due to its significant uptrend since its launch. Currently, sitting at a price of $7.190 TON might break downward if the trendline resistance doesn’t hold. A downward breakout will lead to the TON price level of $4.578, turning into a bearish trend.
Ethereum (ETH) Faces Political Uncertainty
Political uncertainties have affected the second largest cryptocurrency by market cap, Ethereum (ETH) as its co-founder Joseph Lubin believes that initial applications for spot Ether exchange-traded funds (ETFs) in the U.S. are nearly certain to be approved by the Securities and Exchange Commission (SEC), but their public launch may take longer due to political uncertainties.
He further explains that the SEC is under intense pressure to remain neutral as the U.S. presidential elections approach, expressing concerns about the potential for Ether ETF approval to influence the SEC's regulatory stance.
Furthermore, it’s important to note Consensys' legal battle with the SEC over its attempts to reclassify Ether as a security and the regulator's broad scrutiny of the Ethereum (ETH) ecosystem.
These ongoing political developments have prevented the growth of the Ethereum (ETH) ecosystem growth which has given crypto investors a cold feet in buying Ethereum (ETH) at this point.
Clandeno (CLD) Set to Explode with Revolutionary Tech
The global e-commerce market is expected to reach $7.9 trillion by 2027, marking a significant growth trajectory. But dominated by centralized giants that charge high fees, and restrict users from certain regions. Clandeno (CLD) is challenging this status quo with a decentralized alternative. Imagine a marketplace built on openness, security, and user empowerment. With Clandeno (CLD), users can buy and sell without the hurdles of KYC requirements.
The Clandeno (CLD) presale presents a unique opportunity to get in on the ground floor of this transformation. Investors, including those from Ethereum (ETH) and Toncoin (TON), recognize the potential of Clandeno (CLD) and its bright future, securing their positions in the presale.
To find out more about the Clandeno presale, visit their website here.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
