Bitcoin

Toncoin

April

<ul> 
 <li>Toncoin has surged by 198% since the beginning of the year.</li> 
 <li>If the trend continues, TON could possibly surpass $8 this month.</li> 
</ul> 
Toncoin (TON) has emerged as a standout performer in the cryptocurrency market, defying bearish trends to surge by an impressive 198% since the start of the year, reaching new highs around $7.2.&nbsp; 
Despite a bearish trend since April 11, TON’s price surged by 9.7% in the last 24 hours, rising from $6.54 to $7.3, possibly indicating a trend reversal. This increase comes after HashKey, a prominent exchange in Hong Kong, formed a <a href="https://thenewscrypto.com/toncoin-ton-listed-on-hashkey-exchange-for-professional-traders/" target="_blank" rel="noreferrer noopener">strategic alliance</a> to enhance the TON Ecosystem’s capacity and operational efficiency. Furthermore, Toncoin is now available in the TON ecosystem. 
Following that, the TON network has experienced a notable increase in daily active users, jumping from 150K to 169K in recent weeks. Yet, despite this surge in activity, network revenue has seen a significant decline during the same period. 
<h3 class="wp-block-heading" id="h-toncoin-will-continue-to-surge">Toncoin will continue to Surge?</h3> 
At the time of writing, TON traded at $6.90 with a market cap of $23 billion. Additionally, the daily trading volume of Toncoin surged over 41% in the last 24 hours, indicating a significant increase in trading activity. 
If the bullish trend continues, TON might reach the <a href="https://thenewscrypto.com/toncoin-ton-price-prediction/" target="_blank" rel="noreferrer noopener">key resistance</a> level of $7.5. Crossing this level could lead to higher resistance at $7.8 and $8, potentially triggering additional gains in TON. 
However, the Relative Strength Index (RSI) indicates that TON may be overbought, hinting at a possible correction in the future. If this occurs, TON could decline to $5.92, followed by further decreases toward $5.21 and $4.65. This could result in additional losses down to $4.04. 
Moreover, market analysts suggest that TON’s performance could be influenced by Bitcoin’s strength, with the potential for TON to surpass $9 this month if Bitcoin shows resilience.&nbsp;

Toncoin (TON) Emerges as Top Performer Amid Crypto Market Volatility

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