Toncoin Faces Resistance at $1.70, Ethereum Reduces Fees Significantly
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 3d ago- Toncoin Short-Term Activity: Toncoin (TON) has shown renewed short-term activity, yet the $1.70 area has acted as a local resistance zone over the past month, indicating potential consolidation as selling pressure appears during multiple attempts to break higher.
- Ethereum Fee Reduction: Ethereum has significantly reduced average gas fees through protocol improvements and Layer-2 adoption, recording approximately 2.6 million transactions on January 17 while maintaining a price near $3,320, reinforcing its status as a mature blockchain rather than a short-term momentum asset.
- ZKP Privacy Computation: ZKP, a privacy-focused Layer-1 blockchain, allocated over $100 million to infrastructure development before its presale phase, utilizing a 450-day Initial Coin Auction model to ensure consistent token distribution across auction windows.
- Infrastructure-Driven Network Outlook: Current market conditions highlight varying stages of development across networks, with Toncoin responding to sentiment, Ethereum reflecting operational maturity, and ZKP representing an infrastructure-focused model centered on privacy and verifiable execution, which may play a crucial role in data protection and computational integrity moving forward.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
