Toncoin

<ul>
 <li>Toncoins’ daily active users have increased and the trading volume soared by 103.93%.</li>
 <li>The RSI stands above 60, noticing the bullish momentum.</li>
</ul>
Toncoin (TON), the native token of the TON blockchain developed by Telegram, is standing out in the altcoin market’s challenging landscape. Despite prevailing adverse conditions, Toncoin has risen by 8.60% in the past 24 hours, surging to $7.64. Analysts are optimistic, forecasting a potential rise to $10 in the near term.&nbsp;
Despite the market downturn, Toncoin boasts a market cap exceeding $18.5 billion, ranking ninth globally. Trading volume has soared by 103.93% to $487 million in the past 24 hours. Toncoin hit its all-time high at $7.78 on June 5, 2024, just 3.35% away from its current price, according to <a href="https://coinmarketcap.com/currencies/toncoin/#News" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>.&nbsp;
Meanwhile, TON’s network growth is fueled by <a href="https://thenewscrypto.com/toncoin-hits-new-peak-amid-telegram-launch-of-ton-linked-stars/" rel="noopener noreferrer nofollow">Teleg</a><a href="https://thenewscrypto.com/toncoin-hits-new-peak-amid-telegram-launch-of-ton-linked-stars/" target="_blank" rel="noopener noreferrer nofollow">ram’s</a> 900 million user base, which has driven its daily active addresses above Ethereum, as per <a href="https://x.com/Delphi_Digital/status/1800199716367397300" target="_blank" rel="noopener noreferrer nofollow">Delphi Digital</a>‘s post to X on June 10.&nbsp;
Moreover, Toncoin has skyrocketed by 600% from its 2023 lows, with active wallets now totaling 8 million due to growing user and developer adoption. Santiment reports a bullish trend in social dominance and the trading volume for TON over recent days. Additionally, the total value locked (TVL) on the Toncoin blockchain has reached approximately $1 billion.
<h3 class="wp-block-heading" id="h-will-the-bulls-aid-ton-to-hit-ath">Will the Bulls Aid TON to Hit ATH?</h3>
The Relative Strength Index (RSI) currently stands at 63.80, indicating an overbought condition. Looking ahead, if <a href="https://thenewscrypto.com/toncoin-ton-price-exhibits-massive-upswing-potential-as-bulls-gain-strength/" target="_blank" rel="noopener noreferrer nofollow">bullish</a> momentum holds above $7.64 and continues to strengthen, the first major resistance level could be at $7.87, followed by a key resistance around $12. Failure to break above these levels could potentially lead to a decline towards $4.60.
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Toncoin Price Surge Set to Reach New All-Time High

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