BINANCE TRIGGER TONCOIN (TON) CRAZY
On May 23, the monitoring system detected that Binance had added a new port for Toncoin (TON). CoinDance first reported this development, noting that this detection is preliminary and does not confirm a final listing.
Detected ports are identified by the symbol TON and the name Toncoin, which operate on the Toncoin network. The information was crawled on May 22, 2024, at 17:04:27 UTC. Meanwhile, an official announcement from Binance is pending, and the community is advised to remain patient for further updates.
While Binance Toncoin's listing remains unconfirmed, its market performance suggests positive prospects for the cryptocurrency. Toncoin changed hands at $6.30, reflecting a 5% intraday decline. Despite this decline, Toncoin posted gains exceeding 200% year-to-date, partly due to its integration with Telegram, a messaging app that has around 900 million users.
Looking ahead, Toncoin's Total Value Locked (TVL) has now surpassed a staggering $218 million, a testament to the network's widespread adoption. This strong growth has led market experts to predict a continued upward trend, potentially reaching $9 by 2025, injecting optimism into the cryptocurrency's future.
Additionally, Santiment data shows a 110% increase in TON active addresses over the past six months, indicating strong network activity. Telegram's recent Notcoin ($NOT ) listing could drive TON's visibility and adoption.
Toncoin faces resistance between $6.52 and $7.23, with $6.00 and $5.56 providing support. However, the Relative Strength Index (RSI) 56 indicates a possible upward movement. Therefore, projections suggest that if a bullish trend emerges, Toncoin could surpass $7.23, possibly reaching the $9 milestone.
