Ethereum

Toncoin

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Foundation

Coin

<ul> 
 <li>The native cryptocurrency of the Telegram Open Network (TON) has surged to new all-time highs with a striking 25% increase in the last 24 hours, reaching $4.45.</li> 
 <li>Given the noticeable and consistent correlation between price fluctuations and trading volume in TON, optimism about future price movements is increasing.</li> 
 <li>Historically, support levels for TON Coin have been around $2.6 and $2.38. In the event of a potential sell-off, prices could drop to these levels.</li> 
</ul> 
<p><strong>The native cryptocurrency of the Telegram Open Network (TON), the TON token, is breaking records upon records; will there be further increases? Here’s the latest review!</strong></p> 
<h2 id="strong-toncoin-draws-attention-with-recent-surge-strong"><strong>Toncoin Draws Attention with Recent Surge</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-136511" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/03/Toncoin-TON.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="Toncoin (TON)" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/03/Toncoin-TON.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/03/Toncoin-TON.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/03/Toncoin-TON.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/03/Toncoin-TON.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/03/Toncoin-TON.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/03/Toncoin-TON.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/03/Toncoin-TON.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/03/Toncoin-TON.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/03/Toncoin-TON.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>Toncoin, the native cryptocurrency of the Telegram Open Network (TON), has seen a striking 25% increase in the last 24 hours, reaching new all-time highs of $4.45. Currently, Toncoin (TON) is trading at $4.31, up 16.31%, with a market capitalization of $15 billion. Interestingly, 24-hour trading volumes also increased by 30% to $354 million.</p> 
<p>Given the noticeable and consistent correlation between price fluctuations and trading volume in TON, optimism about future price movements is increasing. Additionally, a recent announcement mentions the potential distribution of 50% of revenues to Telegram channel owners.</p> 
<p>The announcement states: “Telegram will use Toncoin for distributing rewards on the TON Blockchain. Channel owners will start receiving 50% of all advertising revenue in their channels.”</p> 
<p>Toncoin’s expansion is particularly driven by vibrant initiatives within the TON blockchain ecosystem. Notably, ventures within The Open League are attracting attention. TON Raffles has shown impressive growth, with a 70% increase in user participation and a 60% increase in Total Value Locked (TVL). In response to their successes, the TON Foundation initiated a generous airdrop program, distributing 1 TON to each holder of TON Raffles tokens.</p> 
<p>Additionally, on-chain data provider Lookonchain noted that the 30% increase in TONcoin’s price coincided with a significant transaction observed on the blockchain. Lookonchain identified a significant purchase made by a whale investor; this investor bought 209,237 TONcoin tokens by spending 214 Ethereum (approximately equivalent to $858,000 USD). This transaction occurred at a price of $4.1 per TONcoin.</p> 
<p>The substantial investment made by the whale investor highlights the increasing interest and confidence in TONcoin, contributing to a significant increase in its market value.</p> 
<h2 id="strong-ton-price-movement-strong"><strong>TON Price Movement</strong></h2> 
<p>At the time of writing, 95% of TON Coin investors are seeing profits. This indicates that these investors are aiming for new highs unless there is significant profit-taking in the near future. Similar patterns were observed for the FLOKI Token, which remained at a 95% profit level before doubling in price.</p> 
<p>However, it’s worth considering the possibility of selling pressure. A 37% price increase requires attention. Four-hour chart analysis indicates a short-term bullish trend in price movement. Historically, support levels for TON Coin have been around $2.6 and $2.38. In the event of a potential sell-off, prices could drop to these levels. However, if the current momentum continues, a close above $4 could trigger a new uptrend, potentially reaching levels around $5.8.</p> 
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<p>The post <a rel="nofollow" href="https://en.coinotag.com/toncoin-surge-reaches-impressive-heights-whats-next-for-ton-token/">Toncoin Surge Reaches Impressive Heights: What’s Next for TON Token?</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>

Toncoin Surge Reaches Impressive Heights: What’s Next for TON Token?

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