Toncoin (TON) and Theta (THETA) have huge potential in crypto bull market

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During this ongoing cryptocurrency boom, it’s wise to invest in robust alternative coins like Toncoin (TON) and Theta (THETA). These coins have a solid foundation and are likely to continue holding value.

Back the right horses

When Bitcoin (BTC) prepares for its next significant rise, possibly reaching $100,000, it’s crucial for investors and traders to select the best altcoin options. The upcoming 40% increase in Bitcoin could translate to over 120% growth for the right altcoins.

Toncoin has potential 800 million user base

The Durov brothers, known for creating the world’s third most popular messaging app, Telegram, are behind Toncoin (TON). In 2018, one of the largest cryptocurrency private sales took place, raising an impressive $1.7 billion. Although Telegram faced regulatory issues and returned the funds to investors, a dedicated team continued the development of the Ton Network, now operating under the TON Foundation.

An essential point to consider is that Telegram continues to be connected to TON. They’ve incorporated the TON wallet into Telegram, granting access to this feature for Telegram’s vast user base of approximately 800 million people.

$TON in sharp uptrend

In the immediate 4-hour chart, $TON is showing a notable upward trend. With $TON currently in the process of determining its value, Fibonacci extensions suggest potential targets at $7.24, $8.20, and $8.80. It’s plausible that the price may surge beyond these levels during this ongoing cryptocurrency bull market.

Theta Network is a leading DePIN play

THETA’s Theta Network ranks among the top Decentralized Pure Play Investment Opportunities (DePINs) for the ongoing crypto market surge. Debuting its hybrid cloud computing platform on May 1, 2023, this groundbreaking video-centric decentralized cloud aims to challenge dominant CPU/GPU cloud network providers. With its innovative approach, Theta Network could emerge as a leading contender in the realm of decentralized cloud networks.

$THETA begins its journey back to $16

The weekly graph for $THETA reveals the extent to which the price needs to climb to hit the April 2021 high of almost $16. Notably, the uptrend commenced from $0.56 in October 2023 and peaked at $3.80 before contracting into a bullish pennant formation.

$THETA price breaks out

Based on the chart depicted above with a condensed timeline, the $THETA price has surged beyond the boundaries of the triangle pattern, signaling a confirmation of this breakout. A potential price objective, calculated by applying the height of the triangle to the breakout point, is around $4.35.

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2024-04-09 16:09