The Broader Crypto Market Struggles as XRP and Ethereum Pull Back
The crypto market is facing challenges as major cryptocurrencies like XRP and Ethereum experience a decline in momentum. Bitcoin, on the other hand, remains range-bound below $38,000. However, amidst this downtrend, an emerging altcoin called TG.Casino (TGC) is defying the odds and gaining ground in its ongoing presale event.
XRP Struggles to Gain Momentum
XRP is currently hovering just above the $0.60 level after experiencing an 18% drop in the past two weeks. The coin has formed a downward channel on the 4-hour chart and failed to break resistance at $0.63. XRP has been declining alongside the broader crypto market weakness, with daily trading volume decreasing to $1.4 billion.
Ethereum Price Slips Despite Positive Metrics
Ethereum has also pulled back, dropping below $2,050. Despite positive on-chain metrics and performing well in the non-fungible token (NFT) space, ETH’s price has declined amid broader market struggles. Ethereum dapps had a total value locked (TVL) of $48.67 billion over the past 30 days, representing a 14% increase from the previous month.
TG.Casino Nears $3 Million in Presale Milestone
While XRP and Ethereum struggle, TG.Casino, a decentralized gambling platform built on Telegram, has gained significant interest during its presale phase. The project has raised over $2.9 million in just two months as retail investors support its potential. TG.Casino offers various casino games without KYC checks and is powered by the native TGC token. TGC holders receive 25% cashback on losses and can earn staking rewards up to 194% APY. The platform also implements a buyback-and-burn mechanism to potentially increase the token’s value over time.
Hot Take: TG.Casino Rises as Major Cryptocurrencies Struggle
As major cryptocurrencies like XRP and Ethereum face challenges and struggle to maintain momentum, TG.Casino is defying the odds and gaining traction. With its ongoing presale event and unique features like decentralized gambling, cashback rewards, and staking opportunities, TG.Casino presents an alternative option for crypto enthusiasts. While the broader market may be experiencing weakness, TG.Casino’s rising popularity showcases the potential for innovation and growth within the crypto industry.
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