🚀 Toncoin Surges 342% in 2024, Analysts Eye $20 Target

After its revival, Toncoin, the decentralized storage services blockchain project, has seen impressive growth in 2024. From a low of $1.87 at the beginning of the year, the TON network’s native crypto, TON, rallied to an all-time high (ATH) of $8.28, marking a 342% gain.

TON’s rally stands out as one of the most significant cryptocurrency rallies this year and propelled the crypto token among the top 10 ranked cryptocurrencies by market capitalization, according to data from CoinmarketCap.

Currently sitting at $7.19 after weathering the recent crypto market collapse relatively unscathed, the crypto community is increasingly bullish on TON. Many analysts project the altcoin could hit the $20 mark before the end of 2024.

In an earlier post on Coin Edition, it was highlighted how the TON Foundation took over and rebranded the project, renaming it from “Telegram Open Network” to “The Open Network” following the departure of the Telegram founder.

Notably, TON’s recent rise has been fueled by significant bullish momentum, as the crypto token experienced minimal pullbacks despite the crypto market’s ups and downs in 2024. TON’s most significant pullback came after the April rally, when the revived altcoin dropped from $7.67 to $4.60 in three weeks.

This 40% pullback in April found resistance at the 0.5 Fibonacci retracement level, triggering a bullish run that pushed the price to the current $8.28 ATH.

TON traded for $7.20 at the time of writing, with a market capitalization of $18.08 billion. Many network contributors currently support TON, with the Switzerland-based TON Foundation at the helm. Toncoin allows instant payment alongside decentralized storage and a domain name system (DNS).

#TON #TonCoin

👀 Toncoin (TON) Price Aims for New ATH as Conviction Returns  

Toncoin’s (TON) price is looking at gains again as the positive cues make a comeback, particularly that of the investors.

The increasing confidence among TON holders is a sign that the altcoin could chart a new ATH this month.

🔸 Toncoin Investors Are Bullish

Toncoin’s price fell from its all-time high of $8.28, resulting in a drop below the uptrend line it was above. This, however, did not impact the TON holders much, who remain bullish in their actions.

One of the biggest pieces of evidence of conviction came from the shift of supply from the hands of short-term investors into that of mid-term holders. The former hold their assets for less than a month, while the latter do so for more than a month and less than a year. As 4% of TON’s supply made its way into the latter’s wallets, it became clear that the investors wanted sustainable profits.

However, investors hoped for it and also worked towards making it happen. The active addresses are currently averaging at the same level as when TON marked its recent ATH. This means that the conviction to repeat the events is still high.

As the network’s participation grows, the transaction volume will also remain high, improving the overall liquidity in the market. This is always a good sign for any crypto asset. Thus, the altcoin has a very good shot at a rally.

🔸 TON Price Prediction: New Highs Await

Toncoin’s price, trading at $7.30, is attempting to climb back above the uptrend line that has been under it since May. In doing so, TON would be able to breach and flip $7.53 into a support floor.

This would be helpful to Toncoin since it aims to rally forth and breach $8.28 to form a new all-time high. The last ATH was back in June, nearly at this time, and a repeat of the same would lead to considerable profits for its investors.

#TON #TonCoin

When #Binance list #TON - #TonCoin ?

Новая Криптовалюта Ton Coin: Что Нужно Знать

Ton Coin - это новая криптовалюта, которая скоро будет запущена на бирже Binance.

Вот несколько ключевых фактов о ней:

1. Ton Coin основана на блокчейн-платформе TON, разработанной создателями Telegram.
Она нацелена на обеспечение масштабируемость, высокой скорости транзакций и низких комиссий.

2. После запуска Ton Coin можно будет купить, продать или обменять на другие криптовалюты на Binance.

Вот как можно заработать на Ton Coin:

1. Трейдинг - покупка и продажа монет на биржах в моменты роста/падения курса.

2. Холдинг - долгосрочное удержание Ton Coin в ожидании роста ее стоимости.

3. Стейкинг - получение вознаграждений за удержание монет в кошельке.

Следите за новостями о запуске Ton Coin и изучайте ее особенности, чтобы воспользоваться потенциальными возможностями заработка.

Не забудь подписаться чтобы не пропускать много другого интересного контента

#TonCoin #Холдинг #Стейкинг #Трейдинг

🚀 This Altcoin Continues to Soar While the Entire Market Falls – What’s its Secret?

In a recent statement, Flow, an analyst at cryptocurrency platform SwissBorg, examined the reasons for the recent increase in the altcoin value of Toncoin (TON), despite the decline in most of the market.

Flow began by noting a few important observations. Total Value Locked (TVL) on the Ton Blockchain continues to reach all-time highs (ATHs) and the number of daily active addresses continues to break new records as well. When token transaction volume and number of holders are examined, a strong upward trend is evident.

Flow noted that technically, TON is in a long-term uptrend and has just emerged from a bullish consolidation. Additionally, according to the analyst, TON is showing significant relative strength against BTC.

Flow shared some thoughts on TON's performance. “TON has overcome many technological and regulatory hurdles to be here today,” the analyst said, adding: “The chain and ecosystem are starting to attract real interest from users, developers, and institutional investors.”

Flow stated that TON has its own advantages in being able to transform 900 million Telegram users into the ecosystem. “This alone warrants taking TON seriously,” the analyst added.

However, according to the analyst, although there are some promising applications in the ecosystem, these applications are still developing. Flow also emphasized the importance of Tether integration.

#TON #TonCoin

As Toncoin's Price Draws Nearer to Record High — This Week, Could TON Reach $8?

A fantastic example of the volatility that characterizes the cryptocurrency market is Toncoin (TON), which has a history of very volatile price swings. Even for experienced investors, the frequent and large price fluctuations may be disorienting.

But new tendencies indicate that TON may be venturing into uncharted terrain, a time of unsettling steadiness. The surprising quiet has experts talking about a possible outburst of volatility in the near future.

According to statistics supplied by data analytics company CryptoQuant, TON is trading close to its all-time high right now. But this spike has been accompanied by a startling reduction in volatility, unlike past surges that were marked by heart-stopping price leaps.

Coingecko statistics reveals that TON has increased 4.7% over the last seven days, but it has down 2.4% in the last 24 hours, with a current price of $7.83. This number indicates that TON is on the verge of setting a new record high of $8, with just a few pennies remaining.

A chart reflecting this shows a constant increase in price with relatively calm "blue bars," which are likely to indicate levels of volatility. This remarkable tranquility is seen by CryptoQuant experts as a precursor to an impending storm. They indicate a trend in Toncoin's history wherein periods of relatively stable prices have been followed by very volatile ones.

Analysts expect TON's volatility to spike soon based on the cryptocurrency's past volatility and CryptoQuant's study of the present low-volatility period. Additional projections indicate that by August 2nd, 2024, the price of Toncoin might have increased by as much as 227%.

Investors face a pivotal decision point at the present stage of Toncoin. The token's rather stable price action may be seen as a consolidation phase, when buyers and sellers alike are preparing for a big price swing.

#TON #TonCoin #IntroToCopytrading