Evan

Sponge

Toncoin

SPONGE

Coin

<p>The Toncoin price has soared 28% in the past 24 hours to trade for $4.366 as of 04:22 EST time as trading volume jumped 17%.</p>
<p>It comes amid news of a potential Initial Public Offering (IPO) for Telegram, formerly called Telegram Open Network. TON, short for The Open Network and a decentralized blockchain developed by Telegram, is the currency for Telegram’s services.</p>
<p>Telegram CEO Pavel Durov revealed the potential IPO listing for the social app, according to a report by the Financial Times. Telegram has reached 900 million users and is approaching profitability, the report said.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Telegram has reportedly hit 900 Million users and nears profitability as the company considers going public through an IPO – Financial Times</p>
 <p>— Evan (@StockMKTNewz) <a href="https://twitter.com/StockMKTNewz/status/1767166551331951085?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 11, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>TON is the ticker for the Toncoin blockchain and is used to influence how the network develops. Given The Open Network is a decentralized autonomous organization (DAO), users who hold TON can cast votes on any proposed changes to the blockchain or ecosystem.</p>
<p>Reports also indicate that a whale spent 214 ETH, worth approximately $852,000 at the time, to buy 209,237 TON tokens at approximately $4.07 each. With this, the large holder is currently earning an estimated total profit of $2.48 million from 6 of 9 traded tokens, constituting a win rate of 66.6%.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">The <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TON</a> price surged ~26% (24H) amid a potential IPO of <a href="https://twitter.com/hashtag/Telegram?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Telegram</a>.</p>
 <p>Whale 0x1ee has spent 214 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($852K) to buy 209,237 <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TON</a> at ~$4.07 in the past 25 hours.</p>
 <p>Note that the whale is currently earning an est. total profit of $2.48M from 6 of 9 traded tokens (win rate: 66.6%).… <a href="https://t.co/c7Eps1dEsX" rel="noopener noreferrer nofollow">pic.twitter.com/c7Eps1dEsX</a></p>
 <p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1767782825925693725?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 13, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="toncoin-price-outlook-amid-speculation-of-a-telegram-ipo">Toncoin Price Outlook Amid Speculation Of A Telegram IPO</h2>
<p>The Toncoin price has recorded a new all-time high of $4.527 on <a href="https://insidebitcoins.com/visit/okx" target="_blank" rel="noopener noreferrer nofollow">OKX Exchange</a> against the Tether (USDT) stablecoin. It has cleared the April 2022 high of $3.280 and sits atop the 78.6% Fibonacci retracement level of $3.728.</p>
<p>The odds continue to favor the upside, and with that, the Toncoin price could reach the $5.000 psychological level.</p>
<p>Multiple technical indicators support the case for the bulls, starting with the green histogram bars of the Awesome Oscillator (AO). The large volumes of the AO and their position in positive territory shows the bulls have a strong presence in the TON market.</p>
<p>Moreover, the volume indicator is also showing large green bars, pointing to a primary trend that is gaining strength. The rising momentum shown by the climbing Relative Strength Index (RSI) reinforces this.</p>
<p>Enhanced buying pressure could see the Toncoin price extend higher to record a new all-time high.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/03/TONUSDT_2024-03-13_11-11-01.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-488510 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/03/TONUSDT_2024-03-13_11-11-01.png" alt="Toncoin" width="1273" height="544" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/TONUSDT_2024-03-13_11-11-01.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/03/TONUSDT_2024-03-13_11-11-01-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/TONUSDT_2024-03-13_11-11-01-1024x438.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/TONUSDT_2024-03-13_11-11-01-768x328.png 768w" sizes="(max-width: 1273px) 100vw, 1273px"></a></p>
<p><a href="https://www.tradingview.com/x/iNEgJPtI/" target="_blank" rel="noopener noreferrer nofollow">TradingView: TON/USDT 1-day chart</a></p>
<p>On the other hand, if the bears have their way, the Toncoin price could pullback, writing off all the ground covered in the past week. For the bullish thesis to be invalidated, however, the TON price must descend below the 50% placeholder at $2.642, and close below it on the weekly timeframe.</p>
<p>However, even as the Toncoin price soars, investor attention is being drawn to <a href="https://insidebitcoins.com/visit/sponge" target="_blank" rel="noopener noreferrer nofollow">Sponge V2</a>, an upgraded GameFi meme coin that has soared 59% in the last month.</p>
<p><iframe title="Sponge V2 The Next Big Memecoin After DOGE BONK PEPE?! Tutorial How To Buy on Presale Before Launch!" width="640" height="360" src="https://www.youtube.com/embed/AHNZ-7fGcGY?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<h2 id="strong-promising-alternative-to-toncoin-strong"><strong>Promising Alternative To Toncoin</strong></h2>
<p>Sponge V2 takes the spotlight after the network announced the termination of Sponge V1 and migrated new meme coin SPONGE V2 to Polygon. The migration followed a malicious attack on its liquidity pool.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚨 Important information 🚨</p>
 <p>Our V1 Snapshot will be taken on the 5th of February at 11pm UTC, <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V1 will then immediately be discontinued.</p>
 <p>Follow this thread to migrate your Decentralised and Centralised tokens to V2 before it's too late! 👇</p>
 <p>🧵 1/4 <a href="https://t.co/qPSTIX6dNT" rel="noopener noreferrer nofollow">pic.twitter.com/qPSTIX6dNT</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1753416648026124661?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 2, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>On Polygon, holders enjoy a more security, greater efficiency (faster), and cheaper transactions.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Important reminder! ⏰</p>
 <p>Exchanges have been asked to suspend trading of <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V1 on the 5th of February at 11 PM UTC.</p>
 <p>We strongly advise all holders to withdraw their tokens from centralised exchanges and stake through the <a href="https://twitter.com/hashtag/Sponge?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Sponge</a> website as soon as possible.<a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MemeCoin</a> <a href="https://twitter.com/hashtag/Alts?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Alts</a> <a href="https://t.co/1L8bwZcJfu" rel="noopener noreferrer nofollow">pic.twitter.com/1L8bwZcJfu</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1753463452436234290?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 2, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The team is also launching a fully decentralized Play-to-Earn (P2E) game with significantly lower transaction fees. This is because MATIC transaction costs range from 0.1 and 0.5 MATIC ($0.077-$0.38), relative to Ethereum’s $2.5 to $20 range. The migration is a tune-up to significant on-chain savings.</p>
<p>The&nbsp;<a href="https://insidebitcoins.com/news/sponge-v2-staking-sparks-investor-frenzy-with-remarkable-apy-surge" target="_blank" rel="noopener noreferrer nofollow">staking function</a>&nbsp;is gaining ground, with stakers enjoying up to 176% in Annual Percentage Yields (APY) on Ethereum and 458% on Polygon. So far, over 9.192 billion SPONGE tokens have been staked.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/03/Sponge-stake-2.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-488512 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/03/Sponge-stake-2.png" alt="Sponge V2" width="1342" height="389" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/Sponge-stake-2.png 1342w, https://insidebitcoins.com/wp-content/uploads/2024/03/Sponge-stake-2-300x87.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/Sponge-stake-2-1024x297.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/Sponge-stake-2-768x223.png 768w" sizes="(max-width: 1342px) 100vw, 1342px"></a></p>
<p>Buy and stake&nbsp;<a href="https://insidebitcoins.com/visit/sponge" target="_blank" rel="noopener noreferrer nofollow">$SPONGE</a> today and it could set up your crypto portfolio for spectacular returns, with analysts ranking it among their <a href="https://www.linkedin.com/pulse/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle" target="_blank" rel="noopener noreferrer nofollow">best choices for promising meme coins</a>.</p>
<p><a href="https://insidebitcoins.com/visit/sponge" target="_blank" rel="noopener noreferrer nofollow">Visit and buy Sponge V2 here</a>.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/how-to-buy-sponge-v2-on-presale-alessandro-de-crypto-video-review" rel="noopener noreferrer nofollow">How to Buy Sponge V2 On Presale – Alessandro De Crypto Video Review</a></li>
 <li><a href="https://insidebitcoins.com/news/100x-meme-coin-sponge-prepares-for-second-takeoff-with-launch-of-v2-is-spongev2-the-best-crypto-to-buy-now" rel="noopener noreferrer nofollow">100X Meme Coin Sponge Prepares For Second Takeoff With Launch of V2 – Is $SPONGEV2 The Best Crypto to Buy Now?</a></li>
 <li><a href="https://insidebitcoins.com/news/can-sponge-v2-experience-a-100x-surge-similar-to-sponge-v1-upon-its-launch-in-2024-conor-kenny-presale-review" rel="noopener noreferrer nofollow">Can Sponge V2 Experience a 100x Surge Similar to Sponge V1 Upon Its Launch in 2024? Conor Kenny Presale Review</a></li>
 <li><a href="https://insidebitcoins.com/news/sponge-crypto-price-surge-sparks-speculation-on-sponge-v2s-meme-coin-100x-potential" rel="noopener noreferrer nofollow">$SPONGE Crypto Price Surge Sparks Speculation on SPONGE V2’s Meme Coin 100x Potential</a></li>
</ul>
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
 <div class="inContentProviderSingle--wrapper">
  <div class="container">
   <div class="row mb-lg-3">
    <div class="col-12 col-md-8">
     <p class="inContentProviderSingle--title">New Crypto Mining Platform - Bitcoin Minetrix</p>
    </div>
    <div class="col-12 col-md-4">
     <div class="inContentProviderSingle--rating">
      <div class="rating--holder">
       <p class="rating--text">Rating</p>
       <div class="rating--star-container">
        <div class="rating--star" style="width: 100%;"></div>
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="row">
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"><img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
    <div class="col-12 col-md-8">
     <ul class="inContentProviderSingle--list">
      <li>Audited By Coinsult</li>
      <li>Decentralized, Secure Cloud Mining</li>
      <li>Earn Free Bitcoin Daily</li>
      <li>Native Token On Presale Now - BTCMTX</li>
      <li>Staking Rewards - Over 50% APY</li>
     </ul>
    </div> 
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"><img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
   </div>
   <div class="row">
    <div class="col-12 text-center">
     <div class="inContentProviderSingle--button"><a href="https://insidebitcoins.com/visit/bitcoinminetrix" title="Start Trading" rel="noopener noreferrer nofollow">Learn More</a>
     </div>
     <div class="inContentProviderSingle--disclaimerText">
     </div>
    </div>
   </div>
  </div>
 </div>
</div>

Toncoin Price Prediction: TON Surges 28% As Traders Turn To This Upgraded GameFi Meme Coin That’s Pumped 59% In A Month – Too Late To Buy?

Table of Contents

Inside Bitcoins

Other articles published on Mar 13, 2024

XRP and Litecoin fall after 18% hike, but is there a clear winner?

Target Hospitality (TH) Reports $126.2 Million Revenue in Q4, Surpasses EPS Expectations

Bitcoin’s Momentum Surges Past $73,000

How One Bitgert Trader’s $100 Investment Catapulted to $1.9M – Can You Replicate Their Triumph?

Cryptos under high surveillance: The EU adopts strict compliance measures.

Southeast Asia Blockchain Week Announces Inaugural Conference in Bangkok From April 22 (13 Mar)

Join our free newsletter for daily crypto updates!