The Resistance Cat

Toncoin

Resistance

Resistance Dog

Ton Inu

<p>While the crypto market is experiencing a general slowdown, some memecoins in The Open Network (TON) ecosystem are recording surprising gains over the past 24 hours, defying the bearish trend.</p>
<h2 id="h-an-unexpected-bullish-trend-on-ton-despite-the-overall-market-decline">An unexpected bullish trend on TON despite the overall market decline&nbsp;</h2>
<p>According to data from CoinGecko, a reference platform for tracking crypto prices, some memecoins in the <a href="https://www.cointribune.com/en/crypto-ton-is-dethroning-ethereum-in-terms-of-active-addresses/" target="_blank" rel="noopener noreferrer nofollow">TON ecosystem</a> have experienced a surprising surge over the past 24 hours. Resistance Dog (REDO) jumped by 32%, The Resistance Cat (RECA) by 49% while Ton Inu (TINU) rose by 9.5%.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>This <a href="https://en.coin-turk.com/memecoins-in-the-open-network-ecosystem-see-significant-gains/" target="_blank" rel="noopener noreferrer nofollow">bullish dynamic</a> contrasts with the prevailing bearish trend in the overall crypto market. Where the total market capitalization has only declined by 0.1% to 2.54 billion dollars, a relatively resilient performance, the two giants Bitcoin and Ethereum have each lost about 0.2%.</p>
<p>The GMCI Meme index from The Block, which tracks the main memecoins by market capitalization, even dropped by 2.88%. These statistics illustrate the unique, even counterintuitive trajectory of <a href="https://www.cointribune.com/en/mike-novogratz-memecoins-a-crypto-godsend/" target="_blank" rel="noopener noreferrer nofollow">memecoins</a> anchored in the TON ecosystem in the face of the current panic sweeping through the crypto market.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-ton-an-atypical-and-promising-crypto-ecosystem">TON, an atypical and promising crypto ecosystem&nbsp;</h2>
<p>Originating from the teams behind the popular messaging app Telegram, the TON platform integrates particularly innovative blockchain and crypto features. Although its native token <a href="https://www.cointribune.com/en/crypto-bullish-continuation-of-toncoin-in-sight-analysis-of-may-23-2024/" target="_blank" rel="noopener noreferrer nofollow">Toncoin</a> has decreased by 0.4% to 7.78 dollars, the memecoins anchored in its ecosystem seem to be standing out in this turbulent market context.</p>
<p>However, these recent fluctuations have not prevented Bitfinex analysts from sounding the alarm about the risks of a prolonged “crypto winter.” They particularly cite increasing regulatory pressures as the main threat looming over the entire crypto sector.</p>
<p>If confirmed, the unexpected bullish dynamic of TON memecoins could represent a rare reason for optimism in a <a href="https://www.cointribune.com/en/memecoin-mania-over-one-million-new-crypto-tokens-since-april/" target="_blank" rel="noopener noreferrer nofollow">market plagued by prevailing uncertainty</a>.</p>

Memecoins’ Spectacular Comeback Amid Crypto Downturn

Table of Contents

Cointribune EN

Other articles published on Jun 18, 2024

MoonBag Crypto Presale Success Sparks Investor Frenzy, Leaving Bonk and Pepe Coin in the Shadows

Cardano Community Awaits ‘Chang’ Hard Fork to Embrace Decentralized Governance

Drake Takes a $500,000 Hit: Bitcoin Bet on Mavericks Falls Flat in NBA Finals

DeFi: Convex Finance (CVX) Soars 100% – New Phenomenon!

Exploring zkSync & Their Latest Airdrop

Digital Asset Funds See $600M Outflow Amid Hawkish Fed Outlook

Join our free newsletter for daily crypto updates!