Cardano, Solana, & AVAX Prices Slide But Could TGC Token Rise This Week?

The post Cardano, Solana, & AVAX Prices Slide But Could TGC Token Rise This Week? appeared first on Coinpedia Fintech News

On Monday, major altcoins, including Cardano, Solana, and Avalanche, experienced price declines thanks to a cautious sentiment in the crypto market.

The overall crypto market cap has fallen by 1.88% in the past 24 hours, as Bitcoin and Ethereum also experienced significant price drops.

However, the new crypto project TG.Casino is being touted for a potential rise this week – and continues to see interest through the presale for its native TGC token.

ADA, SOL, & AVAX Prices Fall as Market Uncertainty Increases

The broader market sell-off on Monday has dragged down the prices of ADA, SOL, and AVAX.

ADA saw a 5% price drop over the past 24 hours, falling from $0.596 to $0.566 at the time of writing.

This downturn is part of a larger slide, with the token’s value dropping over 18% since last Thursday.

SOL is faring just as badly, dropping 4.5% in the past day to hit $69.66 – erasing most of the gains made in the latter part of last week.

Meanwhile, AVAX also got caught up in the bearishness, shedding almost 8% of its value to trade at $39.90.

Despite recent network upgrades and developments, market uncertainty continues to batter these major layer-1 blockchain tokens.  

However, all three tokens are still up massively in 2023, indicating that their fundamental strengths likely remain intact.

Bitcoin Weakness & Upcoming Economic Data Dampen Investor Sentiment

The broader risk-off sentiment weighing on major altcoins seems tied to weakness in Bitcoin itself.

Bitcoin briefly fell below $41,000 on Monday, which has dragged down most other cryptos with it.

This downturn in BTC might be due to several factors, including the absence of the expected “Santa rally,” which has dampened investor sentiment.

Additionally, high network fees are causing user frustration and shaking investor confidence.

Looking ahead, traders remain nervous about Bitcoin’s yearly close, which could impact momentum going into 2024.

Key economic data like November’s PCE inflation index and US Q3 GDP figures are also due this week.

These will likely increase volatility as the market gauges the Fed’s potential rate cut path in the year ahead.

Overall, this mix of technical and fundamental headwinds continues to hamper Bitcoin and the broader crypto sector.

As a result, Cardano, Solana, and Avalanche may face further challenges in the short term as they navigate these uncertain market conditions.

TG.Casino’s Native TGC Token Thrives Thanks to Early Presale Success & Whale Buys

While major altcoins struggle, one crypto asset catching attention is TG.Casino’s native TGC token.

TG.Casino offers a crypto gambling platform on Telegram with provably fair games, operating without the need for KYC checks.

TGC powers this ecosystem and has seen enormous interest during its ongoing presale event.

Over $4.3 million in presale funding has already been raised, with the platform having seen a whopping $45 million in wagers since launching.

Investors are clamouring to buy TGC thanks to its deflationary tokenomics, which include regular buybacks using a portion of TG.Casino’s profits.

Additionally, by staking their TGC tokens, holders can earn annual yields of 149%, with more than 26.3 million tokens already staked.

TG.Casino has even received a full gambling license from Gaming Curacao and boasts a comprehensive audit from blockchain security firm Coinsult.

Recent whale purchases have brought further attention to TG.Casino – one investor bought $31,000 worth of tokens on December 7, while another snagged $56,000 of TGC the next day.

As the presale heads toward its final stage, TG.Casino seems poised to capitalize on the growth of the GambleFi niche.

Those interested in the presale can buy TGC tokens for just $0.19 using ETH or USDT.