Excitement Builds as BlockDAG Prepares to Rebrand; Presale Reaches $97M While TON Struggles & Injective Registers Progress
Mao is the Editor for Partnerships and Sponsored Content at Cryptonews. With five years in the crypto industry, she collaborates with partners to bring the latest updates and insights to our readers.
The crypto market is seeing a lot of action, with each project navigating its challenges and opportunities. Popular crypto TON is facing a tough time as its transaction volume drops, with cheaper and faster networks taking the lead. Meanwhile, Injective (INJ) dipped to $20, but luckily whale investors stepped in to help.
On the flip side, BlockDAG’s presale is speeding toward the $100 million mark, and the launch of a rebranded website and platform is just around the corner. With huge demand and strong trader backing, BlockDAG is quickly becoming a breakout crypto in the market.
The TON blockchain has seen a big drop in transactions lately, going from handling 50% of Layer-1 activity in September 2024 to just 30% by early October. At one point TON processed around 212.5 million transactions monthly, but it’s now being outpaced by faster and cheaper networks.
Things took a turn for the worse when Telegram’s CEO, Pavel Durov, was arrested, leading to a 25% drop in the value of Toncoin. This caused a wave of sell-offs and lower activity on the network. On top of that, TON’s price is struggling at $5.23, and technical indicators suggest it could fall even further if it loses more support.
INJ had a great run in September despite market volatility, surging over 40% to hit $23. However, a price correction in October brought it back down, cutting the rally short. The challenge now is getting past that $23 mark again.
Whale investors stepped in recently, helping the price bounce back to $20, which gave INJ a 7% boost. Moreover, the
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