Toncoin

STON.fi

Notcoin

<p>Toncoin has experienced a 3% increase in the past 24 hours, with its price now hovering around $5.20. The recent price action reflects growing interest in the altcoin, particularly as whales are back in the game, accumulating significant amounts of TON following the market&#39;s recent stabilization. This surge is complemented by the entry of new projects like <a href="https://icogemhunters.com/hamster-kombat-could-this-meme-game-ignite-cryptos-next-bull-run/" rel="noopener noreferrer nofollow">Hamster Kombat</a> and Blum, which are generating renewed excitement within the Toncoin ecosystem and beyond.</p><h3 id="whale-activity-signals-confidence-in-toncoin">Whale Activity Signals Confidence in Toncoin</h3><p>According to <a href="https://icogemhunters.com/telegram-ceo-pavel-durovs-arrest-sparks-industry-wide-support/" rel="noopener noreferrer nofollow">Santiment’s</a> data, whale activity around Toncoin has surged, with addresses holding between 10,000 and 1,000,000 TON increasing by 3% in the past week. These large investors now control over 53% of the circulating supply, suggesting a significant accumulation strategy. This buying spree began after Toncoin’s price dipped following the arrest of Telegram <a href="https://icogemhunters.com/telegram-ceo-pavel-durovs-arrest-sparks-industry-wide-support/" rel="noopener noreferrer nofollow">CEO Pavel Durov</a> in August, which caused a sharp sell-off. As the market stabilized, whales took advantage of lower prices, positioning themselves for potential profits as the price rebounds.</p><p>Alongside the rise in whale activity, there has been a notable 5% drop in the number of TON tokens held on exchanges since September 4. This indicates that many holders are moving their assets to private wallets, signaling a long-term strategy and potentially reducing selling pressure on the open market. As demand grows, the lower supply on exchanges could drive Toncoin’s price higher in the near term.</p><h3 id="new-projects-boost-market-sentiment">New Projects Boost Market Sentiment</h3><p>The upcoming launch of <a href="https://x.com/hamster_kombat/status/1830967470456479856" rel="noopener noreferrer nofollow">Hamster Kombat</a> on September 26 and the success of projects like Blum are further boosting the overall sentiment around Toncoin. These projects are part of a broader push to bring more users into the Web3 space, which could increase demand for TON tokens as more people participate in the ecosystem. Tap-to-Earn games like Hamster Kombat are attracting millions of new users, further solidifying Toncoin’s position within the rapidly expanding Web3 gaming sector.</p><p>With growing interest from both institutional and retail investors, the introduction of new applications and games on the Toncoin blockchain could drive the token’s utility, increasing its value over time. As these projects gain traction, Toncoin’s appeal as a major player in the blockchain space is becoming more evident.</p><h3 id="price-outlook-for-toncoin-a-bullish-trend-ahead">Price Outlook for Toncoin: A Bullish Trend Ahead?</h3><p>Technical indicators are showing promising signs for Toncoin’s future price movements. The MACD (moving average convergence/divergence) indicator on the daily chart suggests a potential bullish crossover, indicating rising demand. If this momentum continues, analysts predict that Toncoin could test the $5.32 support level. A successful breakthrough could push the price towards $5.95 in the short term, setting the stage for further gains.</p><p>In addition, some analysts believe that if Toncoin maintains its current trajectory, it could reach $8 or higher in the next few months, especially as whale accumulation continues and the token becomes increasingly integrated into new Web3 projects.</p><h3 id="toncoin-s-future-looks-promising">Toncoin’s Future Looks Promising</h3><p>As Toncoin rebounds from its recent lows, the combination of increased whale activity, a reduction in exchange-held tokens, and the launch of promising new projects like Hamster Kombat and Blum are driving optimism in the market. With strong technical indicators and a growing ecosystem, Toncoin could be on track for continued upward movement, with analysts setting price targets between $6 and $8 in the coming months. For investors, the current price of $5.20 may just be the beginning of a larger upward trend.</p><p></p><p><em><strong>Disclaimer:</strong> This article is intended for informational purposes only and should not be construed as legal, tax, investment, financial, or any other form of advice.</em></p><p></p><p><em>Source: </em><a href="https://icogemhunters.com/oncoin-price-surge-will-whales-and-new-projects-push-ton-to-8/" rel="noopener noreferrer nofollow">ICO Gem Hunters</a></p>

Toncoin Price Surge: Will Whales and New Projects Push TON to $8?

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