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
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- “Tornado Cash’s TORN Token: Riding the Rollercoaster of Sanction Roulette!”
- The Weeknd’s ‘Hurry Up Tomorrow’ Billboard 200 Projections
- EXCLUSIVE: Mrs star Sanya Malhotra recalls seeing Shah Rukh Khan for 1st time and it’s not on Jawan sets; ‘Mujhey ek mahina…’
- Australia implements sweeping ban on credit and crypto for online betting
- Roseanne Barr Has A Wild New TV Show About A Farmer Who’s ‘Saving’ America, And She’s Comparing It To The Sopranos
- David Taylor Takes You on a Tour of His Aluminum Explorations
- Invincible Season 4 Already in the Works, According to J.K. Simmons!
- Senator Lummis Takes the Crypto Reins: Hold Onto Your Wallets! 🚀
2024-04-15 10:28