Toncoin

Foundation

Steve

<ul> 
 <li><strong>The price of TON has increased by almost 50% during the last 30 days.</strong></li> 
 <li><strong>If the price manages to break the recent high of $1.95 then further rally is expected.</strong></li> 
</ul> 
<p>The Open Network Foundation (TON Foundation) has announced its formal start as a Swiss non-profit organization. This is in order to aid in the development of The Open Network (<a href="https://thenewscrypto.com/toncoin-ton-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">TON</a>). The ability of the TON Foundation to effectively plan, strategize, and implement its purpose to promote the TON ecosystem is dependent on the country’s clear regulation in the long run.</p> 
<p>Steve Yun, President of TON Foundation stated:</p> 
<blockquote class="wp-block-quote"> 
 <p>“This marks the next chapter for the Toncoin community. At the service of our community, TON Foundation will pursue strong governance and transparency under the guidance of Swiss regulations.”</p> 
</blockquote> 
<p>Furthermore, to encourage developer acquisition, user involvement, and network expansion, the TON Foundation has launched its Swiss organization at the same time as a number of other forthcoming initiatives.</p> 
<h3 class="wp-block-heading" id="h-defying-market-trend">Defying Market Trend</h3> 
<p>After launching Tact on August 22nd, a new programming language for establishing smart contracts on the network, investor interest in Toncoin has increased, pushing the price up 3% in the previous 24 hours to US$1.876 and 8.51% in the last 7 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_1D_graph_coinmarketcap.png" alt="" class="wp-image-81904" srcset="https://thenewscrypto.com/wp-content/uploads/2023/09/TON_1D_graph_coinmarketcap.png 661w, https://thenewscrypto.com/wp-content/uploads/2023/09/TON_1D_graph_coinmarketcap-300x162.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/09/TON_1D_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>Moreover, the price of <a href="https://thenewscrypto.com/toncoin-ton-price-witnesses-massive-surge-rally-to-continue/" target="_blank" rel="noopener noreferrer nofollow">Toncoin</a> (TON) is maintaining its general upward trend despite a mostly consolidating cryptocurrency market. Also, the price of TON, for instance, has increased by almost to 50% during the last 30 days.</p> 
<p>At the time of writing the price of TON is $1.81 as per data from CMC. If the price manages to break the recent high of $1.95 then further rally is expected. However if the price manages to clearly break below $1.75 then a correction to $1.49 is on the cards.</p>

Toncoin (TON) Price Maintains Bullish Momentum Defying Market Trend

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