Why Toncoin and Dogwifhat Crushed Monday

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[{"selector":"#anim-fe630cfa-2a5b-4129-8d75-bc551b20444c","keyframes":{"transform":["translate3d(-116.00001%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-7dc7efd4-9d9f-49e0-abdb-5a3e4918393e","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] Market ripples Positive developments for various altcoins and a favorable investing environment for digital money drove those prices up.

[{"selector":"#anim-d809ee58-e4d4-4c8d-95c4-98894dd8d07d","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] A top altcoin developer's statements also helped. In a Sunday CNBC interview, Ripple CEO Brad Garlinghouse predicted that the crypto market will nearly treble by year's end. He expects it to reach $5 billion, a big jump from $2.8 billion.

Garlinghouse noted that the market has advanced this year due to the wild popularity of the recently listed spot Bitcoin (CRYPTO: BTC) exchange-traded funds and the upcoming halving of the major cryptocurrency.

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[{"selector":"#anim-c48bc007-dce3-48ff-be6c-ec7a24244f35","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-492166b6-8f53-41cd-879b-a932bb45c75e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Toncoin and Dogwifhat's significant rises boosted cryptocurrencies. It returned to the top cryptos by market cap at No. 7 after reaching a new high of $6. After Telegram, whose developers created Toncoin, enabled crypto payments for advertising and content creators earlier this month, investors are enthused about this token's future. Telegram's possible IPO is also driving demand.

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[{"selector":"#anim-e5cb93b2-073f-44bf-8700-f96c9b6e68a7","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Talk is cheap, but... We should never invest in anything based on insider statements. Still, Garlinghouse's sentiments reflect the crypto market's widespread optimism. Generally, cryptocurrencies are gaining momentum, and specific categories are trading differently. Investing in coins and tokens is exciting, and we shouldn't expect a drop soon.

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