Ethereum, Ton, and Ripple Price Forecast in Asian Markets on July 31
Ethereum, despite a 1.5% drop on Tuesday, celebrated its ninth anniversary with market participants taking note. Glassnode, on the other hand, shared crucial insights from Ethereum’s Q2 that could prove valuable as the market evolves in Q3.
Meanwhile, TON saw a 1% increase on Tuesday following its integration into Trust Wallet. This integration allows users of the wallet to access a wide array of applications within the TON ecosystem.
In another development, Ripple traders are anticipating a resolution in the lawsuit initiated by the Securities & Exchange Commission (SEC). Fred Rispoli, a pro-crypto attorney, had previously forecasted the conclusion of the SEC vs. Ripple lawsuit by July 2024.
Optimism, an Ethereum scaling solution, has recorded significant success by generating approximately 14,300 Ether, equivalent to nearly $45 million in revenue. This revenue was generated from sequencer fees, which are fees accrued when transactions are executed on the chain.
Bitcoin witnessed a recovery to $67,000 on Friday after finding support around $63,500 the day before. However, despite the recovery, Bitcoin experienced a 1.50% decline over the week, partly due to ongoing transfers of Bitcoin by Mt. Gox to exchanges.
In conclusion, the crypto market continues to witness dynamic shifts and developments across various digital currencies, with each coin facing its unique set of opportunities and challenges. Investors and traders are closely monitoring these developments to make informed decisions in this ever-evolving landscape.
