Hamster

Anonymous

Rally

Toncoin

<ul class="list-ic vertical">
 <li><span>1</span> <a>Toncoin has received a massive investment from Pantera Capital.</a></li>
 <li><span>2</span> <a>SlowMist founder recently warned of vulnerabilities in the Telegram ecosystem, affecting TON.&nbsp;</a></li>
 <li><span>3</span> <a>Criticism of Hamster Kombat poses a bearish outlook for TON crypto, with potential regulatory challenges and decreased investor confidence.</a></li>
 <li><span>4</span> <a>Circulating supply is high, liquidity is low, with a drop in price and market cap.</a></li>
</ul>
<p>Despite the larger market lagging in terms of price action, good news came for <strong>Toncoin</strong>. Dan Morehead, the founder of Pantera Capital revealed that Pantera made its, “largest investment in its history in TON.”</p>
<h2 class="wp-block-heading" id="strong-ton-to-take-off-amid-support-from-pantera-strong"><strong>TON to Take off Amid Support From Pantera?</strong></h2>
<p>The recent announcement put TON in the spotlight but not much has happened in terms of price action. However, market experts expect the crypto to catch on to the bullish wave due to the announcement.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">Pantera recently made the largest investment in its history in <a href="https://twitter.com/hashtag/TON?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TON</a>.<br><br>TON is a Layer 1 network originally designed by Telegram and continued by the open source community. We believe TON has the capacity to introduce crypto to the masses because it is used extensively within the…</p>— Dan Morehead (@dan_pantera) <a href="https://twitter.com/dan_pantera/status/1805309342784307604?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 24, 2024</a>
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<p>However, despite the positive news, TON made headlines and got some bad publicity.</p>
<p>Similarly, if the <strong>game </strong>is under observation by a nation’s military, TON could face regulatory challenges that might impede its adoption or could even lead to a worsened situation like a ban, this would directly affect the demand for the tokens.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">After Notcoin, another Telegram game Hamster Kombat announced that its number of gamers has reached 200 million, and plans to launch tokens on TON in July. Due to its popularity in Iran, the Iranian military criticized it as a soft war by the enemy to divert people's attention…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1805835150561100054?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 26, 2024</a>
 </blockquote>
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<h3 class="wp-block-heading" id="strong-a-warning-that-came-from-slowmist-founder-strong"><strong>A Warning That Came From SlowMist Founder</strong></h3>
<p>The founder of SlowMist raised concerns about the Telegram ecosystem’s vulnerability to exploitation, particularly within the TON ecosystem, where phishing is rampant.&nbsp;</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="zh" dir="ltr">TON 生态的钓鱼开始多了，Telegram 生态过于自由的特点，许多钓鱼链接（或 bot 形式）通过消息群组方式传播，空投等诱骗方式来批量钓走用户 TON 钱包里的有关资产（包括 NFT，特别的如 Anonymous Telegram Numbers，类似手机号，许多人用于创建 Telegram 账号，这个被钓走，意味着对应的 Telegram…</p>— Cos(余弦) <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f636-200d-1f32b-fe0f.png" alt="😶‍🌫️" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@evilcos) <a href="https://twitter.com/evilcos/status/1805051980634857798?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 24, 2024</a>
 </blockquote>
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<p>However, the users with two-step verification enabled are less likely to fall victim to these scams.</p>
<h3 class="wp-block-heading" id="strong-ton-statistics-strong"><strong>TON Statistics</strong></h3>
<p><strong>Circulating </strong>supply exceeded 45%, with 2.457 million TONs in circulation out of a total of 5.108 million. However, liquidity was low at 1.47%, suggesting potential market instability. The price and market cap have seen a 1.84% drop today, with the price at $7.46 and the market cap at $18.349 Billion. The crypto ranked 8th on CoinMarketCap (CMC) at press time.</p>
<p><strong>CMC </strong>data suggests that whale activity has decreased since early 2024, with no signs of growth, while retail participation has increased.</p>
<h3 class="wp-block-heading" id="strong-ton-technical-analysis-strong"><strong>TON Technical Analysis!</strong></h3>
<p>Despite <strong>pessimistic </strong>news regarding TON and deteriorating major metrics, the technical charts exhibit bullish behavior. A higher-high swing price action was witnessed on the daily chart.</p>
<p>The long-term trend-<strong>based</strong> 50-day and 200-day EMAs are bullish, as the prices are trading on top of them, and the bands are acting as dynamic supports for them.</p> 
<p><a href="https://in.tradingview.com/chart/TONUSD/tb84ZBYH-50-day-and-200-day-EMAs-are-bullish/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>The other <strong>technical </strong>tools, including the MACD and RSI, highlight pessimism for the crypto asset. As MACD has formed a bearish cross, and RSI is below 14-SMA. Therefore, if the the price breaks the trendline below and surpasses the last swing low, it could turn bearish.</p>
<p>On the contrary, if TON surges from the upward trendline, it could go to a higher level once it crosses the $8.0 mark.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>Criticism of Hamster Kombat poses a bearish outlook for <a href="https://www.thecoinrepublic.com/2023/10/05/toncoin-crypto-will-ton-crypto-price-reach-the-3-mark-in-2023/" target="_blank" rel="noopener noreferrer nofollow">TON crypto</a>, with potential regulatory challenges and decreased investor confidence. Meanwhile, SlowMist founder warns of vulnerabilities in the Telegram ecosystem.</p>
<p>TON’s statistics show high circulating supply but low liquidity, with a drop in price and market cap. Despite negative factors, technical analysis remains bullish, with possible price surges if key levels are surpassed.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Will Toncoin (TON) Price Rally After BIG Investment from Pantera

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