The crypto market has continued to grow even though bears have been dominant. An example of this is the TON network, which has now processed over 46 million transactions in just a week.
Also, Tron’s gas revenue increased by 46% last month. Meanwhile, Intel Markets has raised over $220k in funding. The presale project is now aiming to reach $1 million before the end of September.
Toncoin (TON) processed 46M transactions amid DOGS airdrop momentum
According to the latest data from IntoTheBlock, the TON blockchain completed more than 46 million transactions last week. This was during the DOGS airdrop, which caused two outages. The blockchain witnessed a massive increase in transaction volumes during this period.
This rise in network activity shows increased user interaction and adoption with the TON ecosystem. However, Toncoin crypto did not benefit from the increased activity. Data from CoinCheckup shows the cryptocurrency is showing losses on the weekly and monthly timeframes.
Also, its market cap is oscillating between $12 billion and $18 billion on the monthly timeframe. Analysts say the Toncoin crypto price must rise above the 200-Day SMA ($5.63) before it can restart its uptrend.
Tron (TRX) gas revenue surged 46% in august
The TRON network remains one of the largest decentralized blockchain networks that is showing positive movement despite the downtrend in the crypto market. According to data from Lookonchain, the network’s Gass revenue rose by 46% last month.
The total revenue generated by the blockchain from gas fees was about $61 million. This is much higher than what was achieved in July, as the platform generated $41 million in revenue. In other news, the Tron coin has witnessed some selling pressure recently.
This has affected its profits on the weekly price chart. Still, the cryptocurrency is still trading above the 50-Day SMA ($0.138395) and 200-Day SMA ($0.127315). Meanwhile, the market cap of Tron crypto is oscillating between a low of $10 billion and a high of $15 billion on the monthly timeframe.
Momentum builds as Intel Markets raises over $220k in a week
Intel Markets (INTL) is currently the most popular coin in the market today. It has crossed $220k in funding in less than one month. This project has been in the spotlight in the last week due to high interest from investors. Intel Markets’ next target is $1 million, which it could hit before the end of September.
At its cores, Intel allows users to invest in digital currencies on its multichain trading platform. The platform supports both Solana and Ethereum blockchain. Here, we look at the advantages of each of the two blockchains. Fast transaction speed, low cost, security, high transaction capacity, and capability of handling many transactions are attributes associated with the Solana network.
Ethereum blockchain will make it possible for investors to access smart contracts, decentralized finance applications, and high liquidity rates. However, Intel Markets is not only a multichain platform. It has a unique trading bot.
This bot has provided more than 1200 traders with profits and will be useful for Intel Markets users. There are also other features that Intel Markets has. They include 1000x leverage, copy trading, access to less popular trading markets, and many advanced trading features.
Can Intel Markets rival the performance of Tron and Toncoin token?
Although Intel Markets is a new underdog in the crypto space, analysts are bullish about its potential. They believe its price growth will be massive in the coming weeks. Besides, it is a bridge between two large industries, AI and crypto. Its native token, INTL, will benefit from this. Now priced at $0.009, analysts see INTL trading as high as $0.5 before this year ends.
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Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
