According to CoinMarketCap’s data, Toncoin (The Open Network’s native cryptocurrency) experienced a significant increase of 18%, reaching a new peak price of $7.22 during market instability.
Toncoin’s value significantly increased, causing it to rank as the eighth largest cryptocurrency and go past Dogecoin with a market capitalization over $24 billion. This surge in value can be attributed to Toncoin’s recent collaboration with HasKey.
Experts are keeping a keen eye on Toncoin as its value has jumped by nearly 40% over the past week and an astounding 125% during the last month, representing a significant gain of around 175% since March. The trading activity for this coin has significantly increased, with an average of over three times the normal volume daily.
Based on technical analysis, Toncoin’s price is trending upward in a channel, suggesting optimistic market feelings. Buyers have shown significant interest during recent price drops, propelling the coin closer to a potential surge towards $10. If the $7.50 resistance level is breached, this upward momentum could become even more pronounced.
The surge of Toncoin can be attributed to Telegram’s announced initial public offering (IPO) and the introduction of Toncoin ads. This new feature allows advertisers to have more control over where their ads appear and how much they spend on their ad campaigns.
Read More
- BICO PREDICTION. BICO cryptocurrency
- Abhijeet Bhattacharya’s son expresses displeasure over Dua Lipa and Shah Rukh Khan’s Levitating X Woh Ladki Jo mashup for not giving him credit; ‘Why has it always been about actors…’
- MVRDV Designs Solar-Powered “Sports Club in a Shipping Container” For Refugees
- FORT PREDICTION. FORT cryptocurrency
- RSR PREDICTION. RSR cryptocurrency
- EXCLUSIVE: Decoding the importance of suspense around cameos in cinematic universe films
- The True Story of The Troubles in Hulu’s ‘Say Nothing,’ Explained
- Best Magic Items in the ‘Harry Potter’ Movies
- Remedy Announces Huge Change For Control Sequel As Alan Wake Sells 1.8 Million Units
- Netflix’s Action Thriller Hit ‘Rebel Ridge’ Included on Coveted Best of 2024 List
2024-04-15 10:28