All articles tagged with #toncoin
The TON Foundation announced a program allowing users to stake $100K worth of Toncoin and pay a $35K fee for a fast-tracked UAE Golden Visa, leading to a 12% surge in Toncoin's price and increased market activity, though the initiative faces skepticism over its official backing and legitimacy.
Toncoin experienced a 12% surge within two hours following the UAE's announcement of offering 10-year Golden Visas to those staking $100k in TON, which has increased demand and could lead to an uptrend, although technical indicators show some bearish signals and resistance levels at $3.
Toncoin's price prediction remains bullish after retesting the $6.50 support level, despite a recent 1.01% decline. The cryptocurrency saw a 50% surge in November, but network activity has decreased, with new addresses down 16.33%. For a bullish continuation, Toncoin needs to break $7.2 and target $7.5, while a drop below $6.50 could lead to further declines. Increased network activity is crucial for regaining momentum, as current sentiment is slightly bearish with a consolidating market.
Toncoin (TON) has broken out of a bullish pennant pattern, trading at $5.52 with a 3.22% increase, and is now targeting a resistance level of $6.03. If it surpasses this, it could reach an ambitious target of $8.30, supported by strong technical indicators like the MACD crossover and rising Fibonacci levels. On-chain metrics also show growing investor confidence, with increased whale concentration and large transactions. The next few days are crucial for confirming this bullish trend.
Shiba Inu (SHIB) is experiencing a significant price recovery, drawing attention as it surpasses key resistance levels, suggesting potential for further gains amid an altcoin rally. Bitcoin (BTC) is also showing strength, nearing the $80,000 mark after breaking past $70,000, with strong volume supporting its upward trend. Meanwhile, Toncoin (TON) is poised for a bullish reversal, having broken above the 50-day EMA, indicating potential for further growth if it maintains current support levels.
A prominent crypto analyst predicts significant gains for XRP, while Toncoin and KangaMoon show promising growth in the altcoin market. XRP is expected to trade between $10-$20 levels soon, with technical indicators and bullish trends supporting this prediction. Toncoin's price surge and market cap increase indicate a potential rise to $7.55, while KangaMoon, with its P2E game and community rewards, aims to become a top altcoin and is forecasted to reach $1 once listed on a Tier-1 CEX in Q2 of 2024.
Despite a bearish cryptocurrency market in August, there are some altcoins that show potential for hitting new all-time highs in September. OKB has a bullish wave count and a symmetrical triangle formation, with a potential breakout leading to a new all-time high at $72.10. Ocean Protocol has been trading within a descending parallel channel and may break out, with a realistic target of $1. Bitcoin Cash has cleared a corrective pattern and could reach a high of nearly $400. Toncoin is attempting to break out from a descending resistance line, with a potential target of $2.60. However, if these altcoins fail to break out, there is a possibility of price decreases.