Rally

Toncoin

<ul> 
 <li><strong>Since the start of H2 this year, TON’s social dominance has increased by 320%.</strong></li> 
 <li><strong>TON has risen 19% in the previous 7 days and a whopping 48.9% in the last 30 days.</strong></li> 
</ul> 
<p>Toncoin has risen to prominence with the recent price surge taking the price all the way to $1.95. Telegram, a prominent messaging platform within the cryptocurrency industry, has no official affiliation with the project anymore, although it is nevertheless intimately related to the cryptocurrency. The dramatic growth of <a href="https://thenewscrypto.com/toncoin-ton-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Toncoin</a> (TON) in the cryptocurrency market has also shone a focus on Telegram-bot tokens.</p> 
<p>Telegram has a longstanding reputation among crypto aficionados as an early adopter of blockchain technology. Originally conceived as the “Telegram Open Network” (<a href="https://thenewscrypto.com/toncoin-ton-tops-the-gainers-charts-with-a-20-surge/" target="_blank" rel="noopener noreferrer nofollow">TON</a>) project, Toncoin was eventually renamed as “The Open Network” in 2020 due to legal challenges.</p> 
<p>On-chain statistics and Santiment’s TON Social Dominance chart both show a sharp uptick in interest from investors in June 2023. Since the start of H2 this year, TON’s social dominance has increased by 320%.</p> 
<h3 class="wp-block-heading" id="h-pullback-likely">Pullback Likely</h3> 
<p>The increased interest has been a major factor in driving up the price of TON, which is now trading at $1.78 as per data from CMC. In particular, TON has risen 19% in the previous 7 days and a whopping 48.9% in the last 30 days.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" width="661" height="356" src="https://thenewscrypto.com/wp-content/uploads/2023/09/TON_7D_graph_coinmarketcap.png" alt="" class="wp-image-81745" srcset="https://thenewscrypto.com/wp-content/uploads/2023/09/TON_7D_graph_coinmarketcap.png 661w, https://thenewscrypto.com/wp-content/uploads/2023/09/TON_7D_graph_coinmarketcap-300x162.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/09/TON_7D_graph_coinmarketcap-150x81.png 150w" sizes="(max-width: 661px) 100vw, 661px"> 
  <figcaption class="wp-element-caption">
    Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Its low point was $0.96 on June 12, and it recently tested the $1.95 level, which is an increase of over 100%. Nonetheless, a pullback might happen in the next days due to the presence of key resistance around the $1.97 mark.</p> 
<p>If the price manages to break the $1.76 level then it might decline further all the way to $1.50 support level. On the other hand, if the price manages to break above the $1.97 resistance level then a fresh rally is expected.</p>

Toncoin (TON) Price Witnesses Massive Surge; Rally to Continue?

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