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- This weekend, traders are keeping a close watch on Chainlink, Toncoin, and Zcash, three very different projects that each bring something unique to the table.
- Chainlink is on the verge of a crucial breakout, with both its price trend and ecosystem adoption converging as it nears $30.
The overall cryptocurrency market capitalization has climbed 3.78% to reach $4 trillion, with Bitcoin (BTC) accounting for $2.16 trillion of that value. CoinMarketCap data shows the Altcoin Index rising to 52/100, while the combined market cap of the top 100 cryptos reflects a collective 4% price increase.
As CNF explained, Markets are on edge for the Fed’s September update. A dovish signal could unleash billions in sidelined cash from money-market funds, with cooling inflation adding fuel to the fire. Clearer regulatory frameworks in the U.S. and Europe are also paving the way for stronger institutional involvement. For now, though, the spotlight this weekend is on three altcoins: Chainlink, Zcash, and Toncoin.
Chainlink (LINK)
Chainlink’s price action is heating up again as it makes another attempt to break through its long-term descending resistance line, which has capped growth since 2021.
In from $4.00, and still holding. LINK is testing its multi-year Lower High Trendline. Once this finally breaks, we will see a rally to a new all-time high. $73.00 is one target on my mind.
The projection of $73 as a potential target marks a bold call, representing a fresh all-time high for the decentralized oracle token.
Beyond price action, Chainlink continues to solidify its reputation in the industry. It recently became the first Oracle platform to achieve ISO 27001 and SOC 2 certifications, meeting international security and reliability standards.
Additionally, Chainlink revealed an update on its newly launched reserve, which has now grown to 150,770 LINK after a fresh addition of 41,105 LINK as the network steps in to power Aave’s first non-EVM launch by delivering reliable price feeds on Aptos.
Toncoin (TON)
Toncoin has recently drawn interest from big institutions. Verb Technology just made a $558 million purchase for its treasury, aiming to hold more than 5% of TON’s circulating supply, about 128 million tokens. The move is designed to strengthen the network’s security and decentralization, much like how large stakers help secure Ethereum’s Proof-of-Stake system.
This massive move has fueled bullish sentiment, with Toncoin now testing the $3.70–$4.20 resistance zone. If momentum holds, analysts are eyeing short-term targets at $4.68 and even $6.20. For now, Toncoin is trading around $3.38, up 0.99% in the past 24 hours, though still down about 2.56% over the past week.
Zcash (ZEC)
Zcash, one of the first privacy-focused cryptocurrencies, is starting to show fresh signs of life. With 16.17 million ZEC already in circulation out of a hard cap of 21 million, its built-in scarcity still plays a big role in its long-term appeal.
Although newer privacy coins have often stolen the spotlight, Zcash’s strong reputation and limited supply give it an edge as traders circle back to older altcoins looking for upside.
After crashing nearly 99% from its $372 peak in May 2021 and bottoming out at $15.78 in July 2024, ZEC is now trading at $43.55. If momentum holds, it could make a run toward the $47 resistance zone and re-establish some bullish strength.
