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CATEGORY: toncoin price


Jun 12, 2024 05:50

Toncoin (TON) Flips Ethereum In Daily Active Users, Fueling $10 Price Target Predictions

Toncoin (TON), the native token of The Open Network, experienced a 12% price drop from its recent all-time high of $7.76 over the past week, following the overall market correction led by Bitcoin (BTC).  However, despite the temporary setback, the optimistic sentiment surrounding TON and its network has led crypto analysts to speculate on a [...]

The post Toncoin (TON) Flips Ethereum In Daily Active Users, Fueling $10 Price Target Predictions appeared first on Crypto Breaking News.

May 03, 2024 05:50

TON Price Soars 9% On Pantera Capitals Investment, Capitalizing On Telegram User Potential

Venture capital firm Pantera Capital has invested significantly in The Open Network blockchain. The news, announced on Thursday, resulted in a 9% surge in the networks native token, Toncoin (TON), pushing its value above the $5 mark. Pantera Capital Bullish On TON And Telegram Integration In a statement, Pantera Capital expressed enthusiasm about their latest [...]

The post TON Price Soars 9% On Pantera Capitals Investment, Capitalizing On Telegram User Potential appeared first on Crypto Breaking News.

May 14, 2025 02:30

Toncoin Consolidates After Rally: Will It Break $3.54 or Drop Below $3.10?

Toncoin (TON) is showing early signs of consolidation after a notable rally in early May. The cryptocurrency recently touched a high of $3.54 but has since retraced, now trading at around $3.29 as of May 13, 2025. Technical indicators suggest a pause in bullish momentum, raising questions about TONs next move. Toncoin Holds Above Support […]

Apr 05, 2025 12:05

Toncoin Takes A Hit With 12% Correction After Failing To Break $4.34, More Pain?

Toncoin rally has hit a roadblock, with the price slipping 12% after failing to breach the key $4.34 resistance level. The strong upward momentum that previously fueled TONs gains lost steam as sellers aggressively defended this price zone, triggering a wave of profit-taking and increased bearish pressure.  With momentum cooling off, market participants are now watching key support levels to see if bulls can regain control. A decisive hold above crucial zones could set the stage for another breakout attempt, while continued weakness might expose Toncoin to further downside. 12% Correction: Understanding The Price Drop Toncoins recent 12% correction following its failure to break through the $4.34 resistance level has raised concerns among traders and investors. To understand this price drop, its essential to examine the factors at play. A correction of this magnitude typically reflects a shift in market sentiment, often driven by profit-taking, a rejection at key resistance levels, or an overall weakening of bullish momentum. Related Reading: Toncoin (TON) Investors Sitting On 54% Profit Despite Price Plunge After a failed breakout attempt at $4.34, the market faced a pullback, where the price retreated as sellers gained control. This is a natural response in the market when an asset struggles to sustain momentum after reaching a significant barrier. The 12% drop suggests that some traders may have begun to lock in profits after the recent rally, while others opted to exit positions as the price failed to move higher.  Additionally, broader market conditions and technical indicators have likely contributed to Toncoins recent 12% correction. In tandem with this, the Moving Average Convergence Divergence (MACD) indicator has shifted into a bearish crossover. The MACD’s bearish signal, coupled with the fading market sentiment, suggests that bullish pressure is weakening, which likely fueled the selling activity. Such a correction is not unusual in volatile markets like cryptocurrency and is often viewed as a natural market reset. However, it signals a loss of immediate bullish momentum, with the price now testing the $2.36 support level. This level should be closely monitored as it will determine whether Toncoin can stabilize or if a further downside is likely. Whats Next For Toncoin? Potential Scenarios Post-Correction After Toncoins 12% correction, the key question is what lies ahead for the cryptocurrency. The price has faced a strong rejection at the $4.34 resistance level, and now, as it approaches critical support levels, several scenarios could unfold. Related Reading: Key Metrics Indicate Toncoin Accumulation Continues Despite Price Struggle If Toncoin holds its ground before or at the $2.36 support level, it could signal a potential rebound, with the price stabilizing and setting up for another push toward the $4.34 resistance.  On the other hand, if the $2.36 support fails to hold, Toncoin could face a further downside, resulting in the creation of new lows. In this scenario, the market sentiment would need to shift, and Toncoin would have to demonstrate resilience to regain upward momentum. Featured image from Adobe Stock, chart from Tradingview.com

Apr 20, 2024 12:05

Toncoin Price Jumps 17% As Tether Widens Payment Choices On Telegrams TON Network

Tether, the company behind the largest stablecoin in the market, USDT, has made a significant expansion move that has propelled the Toncoin price, the native token of The Open Network (TON), by 17% in the past 24 hours.  Tether Expands Reach To 15 Blockchains On Friday, Tether announced the launch of its USDT dollar-pegged token and Tether Gold (XAUT), a gold-backed digital token, on The Open Network. This development marks a significant move for Tether, expanding its presence to 15 blockchains.  The integration of TON with Telegram, which boasts over 900 million global users, is expected to provide a seamless and borderless experience for peer-to-peer (P2P) payments within Telegram’s user base. With the introduction of USDT and XAUT on TON, Tether aims to facilitate the easy transfer of value between users in the TON ecosystem and other blockchain networks while increasing the transfer speed and reducing costs.  Related Reading: Analyst Forecast: Litecoin Poised For $250-$300, But Can It Hold? Paolo Ardoino, CEO at Tether, expressed excitement about the launch, emphasizing their support for The Open Network’s vision of an open and decentralized internet. Ardoino stated: Were excited to bring USD and XAU to The Open Network because we support its vision of an open and decentralized internet and a borderless financial system. The launch of USD and XAU on TON will allow seamless value transfer, increasing activity and liquidity while offering users a financial experience that can match those found in the traditional financial system. This furthers our mission of powering open financial infrastructure across the blockchain space. 11 Million TON Tokens To Drive Adoption Of USDT, XAUT Meanwhile, The Open Network claims to “revolutionize” global peer-to-peer payments, allowing Telegram users to send money instantly without needing a blockchain address or downloading a new app.  Notably, USDT on TON will be complemented by fully integrated on-ramps supporting most fiat currencies globally. Additionally, integrated global off-ramps will facilitate users’ withdrawal of supported fiat currencies directly to their bank accounts or cards. The TON Foundation has allocated 11 million TON tokens as incentives to drive adoption. Five million TON will be utilized to boost rewards in USDT/TON liquidity pools across TON decentralized exchanges (DEXes) like StonFi and Dedust.  Another 5 million TON will be distributed to users who deposit USDT to the Earn campaign of Telegram’s wallet. Furthermore, withdrawals to TON from supporting exchanges such as OKEx, Bybit, and KuCoin will be free for all users until the end of June 2024. Related Reading: Bitcoin Halving Could Catalyzed $100,000 Price Surge: Bitwise CEO Ultimately, the introduction of USDT and XAUT on TON, coupled with the incentives provided, is expected to accelerate the adoption of TON and establish it as a “faster, easier and more cost-effective” cross-border payment system compared to traditional financial services, according to The Open Network’s announcement.   Toncoin Price Rallies Following the disclosure of the partnership, the Toncoin price surged, reaching a high of $8.02 on Friday. This marked the end of a sharp decline over the past week since the token achieved its all-time high (ATH) of $8.79 on April 11. After reaching the new ATH, the Toncoin price dropped to a low of $5.42 on Saturday, April 13. However, with the recent partnership announcement, the Toncoin price has regained its bullish momentum and is currently trading at $6.59.  It aims to surpass the price resistance level of $7.70, which will pave the way for reaching and surpassing the $8 mark. This would provide a favorable trajectory for the Toncoin price to conquer and exceed its current ATH. Featured image from Shutterstock, chart from TradingView.com

Apr 11, 2025 12:05

Toncoin Eyes Notable Uptrend After Breaking Above This Key Chart Pattern

Toncoin (TON) is starting to make waves again, showing signs of renewed strength after successfully breaking out of a long-standing descending channel on the daily chart. This breakout marks a pivotal moment for the token, potentially signaling the end of the recent downtrend and hinting at the early stages of a fresh uptrend. As the crypto market shows signs of renewed vigor, Toncoin appears to be positioning itself as one of the standout performers of this emerging cycle. Whether this breakout marks the beginning of a sustained uptrend or faces temporary headwinds will depend on both technical follow-through and broader market sentiment. A Potential Uptrend In The Making According to Profit Demon in a recent post on X, Toncoin is demonstrating significant strength by staying above the descending channel on its daily chart. This technical formation is crucial as it signals a shift in market dynamics after a period of weakness and decline. Related Reading: Toncoin Takes A Hit With 12% Correction After Failing To Break $4.34, More Pain? Profit Demon noted that TON had previously faced a sharp correction. However, the latest price action indicates a recovery, with Toncoin finding solid support at a key level. This level now serves as a critical foundation, offering the potential for a new upward move. He further emphasized that if the bullish momentum continues to grow, TON could target several key resistance levels. With the current market sentiment favoring a recovery, Toncoins price may rise toward the $4.10 level. A successful breakout above this mark would solidify the bullish trend, propelling it to the $4.90 and $5.60 marks. Can Toncoin Sustain Current Trends and Trigger A Rally? For TON to sustain its rally, the Relative Strength Index (RSI) plays a key role. The RSI should stay within the optimal range of 40 to 70, avoiding overbought conditions above 70. If the RSI remains above 50 and outside overbought territory, Toncoin will have room for further appreciation. A breakout above key resistance levels while keeping the RSI in this range would strengthen the bullish case. Related Reading: Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound The Moving Average Convergence Divergence (MACD) is another critical indicator to monitor. Currently, the MACD has shown signs of bullish divergence, suggesting that momentum is shifting in favor of the bulls. For the rally to continue, the MACD line should remain above the signal line, confirming that buying pressure outweighs selling pressure.  Lastly, volume analysis is essential in confirming the strength of the price movement. A rally supported by increasing volume signals that the trend is backed by real demand and a temporary spike. To sustain an upward movement, trading volume must rise as TON breaks through resistance levels. Higher volume indicates genuine interest from traders, which strengthens the trend, while lower volume may suggest a lack of conviction, limiting the rally’s longevity. Featured image from Medium, chart from Tradingview.com

Mar 05, 2024 05:55

Telegram CEO Responds To Concerns, Offers Solution To Restrict Companys TON Stake To 10%

The popular messaging platform Telegram has revealed its plans to sell its surplus holdings of The Open Network (TON) tokens at below-market prices. This move comes after concerns were raised about the potential centralization of TON supply due to ad payments being exclusively accepted in TON tokens.  Telegram Addresses Concentration Concerns As NewsBTC reported on [...]

The post Telegram CEO Responds To Concerns, Offers Solution To Restrict Companys TON Stake To 10% appeared first on Crypto Breaking News.

Mar 27, 2025 02:30

Toncoin (TON) Price Consolidation Sets the Stage for an Explosive Move

The cryptocurrency market is experiencing a strong bullish phase, with several altcoins surging in value. However, Toncoin (TON) has remained relatively stable, showing resilience despite the excitement in the broader market. This phase of consolidation has sparked speculation that TON could be gearing up for a major breakout. At the time of writing, Toncoin is […]

Mar 14, 2024 12:05

Toncoin (TON) Hits New Yearly Peaks, Surging 60% On Buzz Surrounding Potential Telegram IPO

Toncoin (TON) has experienced a notable uptrend in recent weeks, driven by significant news and announcements surrounding the popular social media platform Telegram, the latest being a potential initial public offering (IPO).  Telegram User Base Surpasses 900 Million According to his latest appearance, aside from his constant announcements through his channel on the social media platform, Pavel Durov, the CEO of Telegram, shared that the messaging app has amassed over 900 million users, up from 500 million in 2021, and is steadily approaching profitability.  Related Reading: Bitcoin Whales Are Cashing Out Amid Push To New All-Time High In an interview with the Financial Times, Durov revealed that Telegram’s introduction of advertising and premium subscription services two years ago has enabled the company to generate “hundreds of millions of dollars” in revenues. With yearly expenses at less than 70 cents per monthly user, Telegram’s financial growth is gaining momentum. Telegram is implementing various strategies as part of its ongoing efforts to generate revenue. As reported by NewsBTC, the company is planning to introduce revenue sharing with channel creators, offering them a 50% share of the marketing budget.  Additionally, Telegram is launching business accounts and a “social discovery” feature, which will reportedly facilitate user interaction and help connect individuals nearby. These initiatives aim to diversify Telegram’s revenue streams and provide additional value to its user base. Potential Valuation Exceeds $30 Billion Telegram has reportedly garnered significant interest from potential investors, with offers exceeding $30 billion in valuation. However, during the interview with the Financial Times, Durov emphasized that the company’s priority is to remain independent, and an IPO would serve as a means to democratize access to Telegram’s value. Durov stated: The main reason why we started to monetize is because we wanted to remain independent. Generally speaking, we see value in [an IPO] as a means to democratize access to Telegrams value. While Durov did not provide a specific timeline or venue for the potential IPO, two people familiar with the matter told the Financial Times that Telegram may pursue a US listing once profitability is achieved and market conditions are favorable.  Notably, the messaging app platform has already raised approximately $2 billion in debt financing through bond offerings, providing flexibility for future financial decisions. In the event of an IPO, Telegram is considering selling an allocation of stock to loyal users, similar to Reddit’s recent announcement. This approach aims to involve the community and foster a sense of ownership.  Furthermore, Telegram is exploring the possibility of a smaller equity raise to fuel its artificial intelligence (AI) ambitions, including introducing an AI-powered chatbot. The company also plans to enhance its moderation processes and deploy AI-related mechanisms to address potential issues, particularly during global elections. TON Climbs The Ranks With Telegram’s endorsement and integration of TON into the app’s user interface and introducing a new ad revenue-sharing system, Toncoin has surged 97% in the past month, marking new yearly highs for the token.  Related Reading: Number Of Ethereum Short-Term Holders Increasing Is A Bull Rally Next? In addition, Telegram’s potential initial public offering has further bolstered Toncoin’s upward trajectory, with a 20% spike in the past 24 hours, resulting in a current trading price of $4.40. On top of that, TON has climbed into the top 13 largest cryptocurrencies on the market with a capitalization of $15 billion, surpassing other major coins such as Polkadot (DOT), Polygon (MATIC) and Chainlink (LINK).  Featured image from Shutterstock, chart from TradingView.com

Feb 11, 2023 06:30

TON Forms A Symmetric Triangle As Bulls And Bears Plan 46% Target

Toncoin (TON) has suffered extreme volatility beginning mid-December as stiff efforts by bulls and bears kept the token price in check, consolidating between $2.51 and [...]

Dec 02, 2022 06:30

TonCoin Price Prediction: TON Primed For A 27% Rally

Toincoin price has been displaying strength over the last month rising above key support levels. At the time of writing, TON price is up 20% [...]

Nov 18, 2022 08:25

Toncoin (TON) Continues To Shine With 13% Gains

Telegram’s own blockchain, TON, continues to enjoy impressive gains despite current market volatility. The open-source protocol has been one of the few ecosystems to stay afloat following the FTX saga. Specifically, TON posted a 3.28% gain intraday with a week-on-week rise of over 13%.  TON also gained ground against the top two cryptocurrencies, Bitcoin and Ethereum. The token was seen holding up gains of 2.22% against BTC and 3.09% above ETH. Its intraday price movement is still bullish, despite dropping below its floor mid-day. Related Reading: Litecoin Shows Bullish Signs As Price Eyes $70; Will Bulls Push To This Region? Very few tokens have successfully kept substantial gains as the FTX case unfolds. However, TON has confidently left traders smiling all week and isn’t looking to stop anytime soon. The main catalyst behind TON’s rise is still Telegram’s new username auction feature. Furthermore, a leading blockchain market maker has pledged a huge amount to support the TON ecosystem. A Telegram User Paid $500,000 For The ‘Dogecoin’ Username The Telegram username auction has seen enormous trading volume despite just launching this week. Many users have struggled to get the best usernames, with some costing higher than others. However, one username has caught the attention of many members of the crypto community. As per data retrieved on November 17th, an unknown user purchased the username of the meme coin ‘Dogecoin’ for 350,000TON. This price is roughly $546,000 when converted. The username is one of the most expensive sold on the blockchain’s Fragment NFT marketplace. Specifically, it’s the 8th most expensive Telegram profile username sold on the blockchain. Its price is higher than those of @alfa, @cash, @amazon, @adidas, @gold, @armani, @dior, and even @elon. Topping the list is @auto, which a user bought for  900,000 TON. This is worth approximately $1.43 million. TON Getting $10 Million In Support From Market Maker Popular market maker DWF Labs has entered a new partnership with the TON blockchain. This new deal will see the open-source protocol getting support in the form of investments, token and market development, and exchange listing. The Durov brothers, who founded Telegram Messenger, first conceptualized The Open Network in 2018. Later, they gave it to the open TON Community, who have been sustaining and expanding it ever since. TON was created with user-friendliness and scalability in mind for quick and inexpensive transactions.  DWF Labs’ investment will consist of 50 seed investments planned over the next 12 months and $10 million to support the ecosystem. All of these are intended to hasten the expansion of TON and its initiatives.  Related Reading: Ep07- Moneyland – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast DWF Labs’ involvement is anticipated to boost TON’s volume across supporting platforms. This will further help to expand the number of ecosystem users. The blockchain’s trading volume is also expected to see a significant boost. As of writing, the token’s 24-hour volume was at $11,956,672, a 26.92% increase. The market maker plans to expand the trading volume further by creating an OTC market. This will enable buyers and sellers to conduct large transactions with ease.  Featured image from Pixabay and chart from TradingView.com

Feb 29, 2024 12:05

TON Skyrockets 25% As Telegram Unveils New Revenue Sharing Feature, Crossing $3 Mark

In a notable development for the cryptocurrency world, Telegram, the popular social media platform, has introduced an ad revenue-sharing system for channel owners on its native blockchain TON. This move has resulted in a significant 25% price spike for TON, surpassing the $3,016 mark. Previously known as Gram, TON is the native cryptocurrency of The Open Network (TON), a decentralized Layer 1 (L1) protocol. With the introduction of this new feature, Telegram aims to create a mutually beneficial ecosystem where channel owners can be financially rewarded for their efforts. Telegram Introduces TON For Channel Monetization According to Pavel Durov, CEO of Telegram, channel owners on the platform will be able to receive financial compensation starting next month. This announcement has generated considerable excitement among content creators eagerly awaiting an opportunity to monetize their channels. With a significant one trillion monthly views generated by broadcast channels on Telegram, the potential for revenue generation is immense, Durov believes. However, only 10% of these views are monetized using Telegram Ads, a privacy-focused promotion tool. Related Reading: BREAKING: Bitcoin Price Smashes Above $60,000: Are New ATHs Ahead? Telegram’s ad platform will be available to advertisers in nearly one hundred new countries in March. This expansion will allow channel owners in these countries to receive 50% of the revenue generated from ads displayed on their channels, incentivizing content creators and driving the growth of Telegram’s ad ecosystem. Telegram CEO Durov further noted:  To ensure ad payments and withdrawals are fast and secure, we will exclusively use the TON blockchain. Similar to our approach with Telegram usernames on Fragment, we will sell ads and share revenue with channel owners in Toncoin. This will create a virtuous circle, in which content creators will be able to either cash out their Toncoins or reinvest them in promoting and upgrading their channels As announced, all transactions, including payments and withdrawals, will be settled on the TON blockchain, built by the same company that created Telegram, which reported 800 million monthly users as of July 2023. TON Bullish Momentum Points Towards Potential New ATH When the announcement was made in the early hours of Wednesday morning, TON experienced a significant spike, sending its price as high as $3.172. This level had not been seen since November 2023, when the token hit its all-time high (ATH) of $3.215. The current bullish sentiment surrounding TON, coupled with the potential for wider adoption and use, suggests the possibility of a new ATH shortly. This is further supported by the overall market entering an aggressive bullish phase. Related Reading: Ethereum Price Primed To Hit $3.5K After Bitcoin Rallies Past $60K Despite the volatility exhibited by TON, as seen on the weekly TON/USD chart, there are no significant resistance levels ahead. Therefore, the outcome of a potential new ATH depends on the ability to sustain the current bullish trend. Featured image from Shutterstock, chart from TradingView.com

Dec 30, 2024 06:05

Toncoin Price Recovery Continues Is The Dwindling Staking TVL Ratio Bullish?

The Toncoin price recovery has been one of the few bright spots in the cryptocurrency market over the past week. The climate of the broad market has been sluggish in the festive period, with the two largest assets Bitcoin and Ethereum struggling to make a mark. With the Toncoin price now approaching the $6 mark, [...]

The post Toncoin Price Recovery Continues Is The Dwindling Staking TVL Ratio Bullish? appeared first on Crypto Breaking News.

Dec 01, 2024 12:05

Toncoin Price Explodes With 17% Rally Can TON Sustain The Momentum?

Toncoin price performance has been one of the brightest spots in the cryptocurrency market in a week that has been rather slow for the large-cap assets. While Bitcoin has struggled to achieve its dream of a $100,000 valuation, tokens like Toncoin (TON), Stellar (XLM), and XRP have continued to soar with double-digit returns. Specifically, TON seems to be finally coming to life after a somewhat sluggish start to the month of November. However, the question that would probably be lingering on several investors’ minds is how long can the Toncoin price sustain this bullish momentum? Is TON Price Going To Continue Upward Trend? In a Quicktake post on CryptoQuant, an analyst with the pseudonym Darkfost shared an exciting analysis for the price of Toncoin over the next few weeks. According to the pundit, on-chain signals are currently bullish for the altcoins price. Related Reading: XRP Price Prediction: Analyst Says History Is Repeating Itself, Heres How The relevant metric here is the 90-day percent return, which measures the percentage change in the price of an asset over the last 90 days. It typically tracks the performance of the cryptocurrency within that period while providing insight into its short-term trend and momentum. According to data from CryptoQuant, the TON 90-day percent return recently turned positive following the upward movement of the Toncoin price. From a historical standpoint, when this metric flips to positive, the price action that follows is usually with significant momentum. Ultimately, this shift in the 90-day percent return suggests that investors confidence is increasing and are more willing to hold their assets. This is usually in anticipation of higher prices, as investors are expecting the bullish trend to continue. According to the Quicktake analyst, another on-chain signal that supports the bullish prognosis is the percentage change in open interest. Data from CryptoQuant shows that the on-chain metric has also flipped to positive, suggesting a continuation of the current bullish trend. Toncoin Price At A Glance As of this writing, the price of Toncoin stands at around $6.526, reflecting no significant change in the past day. The altcoin is still up by almost 18% on the weekly timeframe, according to CoinGecko data. This recent bullish run pushed the price of TON back above $6.5 for the first time since late August. Following the token’s fall to around $4.5 in September, the price has been moving mostly sideways before climbing the latest high this month. Related Reading: Dogecoin TD Sell Signal Goes Off, But Heres Why Parabolic Bull Run Can Still Continue Featured image from iStock, chart from TradingView

Oct 28, 2024 12:05

Toncoin Sharpe Ratio Is Falling: What It Means And Is It Time To Buy?

Toncoin, which is one of the best-performing cryptocurrencies in 2024, has also been affected in recent months by the widespread bearish climate of the market. The price of the altcoin seems to be recovering nicely after suffering an abrupt decline on Friday, October 26.  As of this writing, the value of Toncoin stands around $4.92, reflecting an almost 3% upswing in the past day. However, this single-day action has had minimal impact on the tokens performance on the weekly timeframe. According to data from CoinGecko, the TON price is down by nearly 7% in the past week. What Does The Declining Sharpe Ratio Mean? In a recent Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Darkfost explained the relevance of the Sharpe Ratio metric to cryptocurrency price. According to the crypto pundit, the Sharpe Ratio for Toncoin has been in decline in recent weeks, signaling a period of decreased risk. Related Reading: Dogecoin Price Flashes Bullish Pennant On Daily Heikin Ashi Chart, What This Means The relevant metric here is the Sharpe Ratio, which assesses the risk-adjusted returns of an investment. This indicator basically measures how much profit an investment offers per unit of risk (considering risk is quantified by volatility). Typically, a rising Sharpe Ratio signals a higher risk-adjusted performance. On the other hand, when this metric is in a downward trend, it implies that the coin is in a lower-risk zone and profits are becoming less significant.  According to Darkfost, it appears that both volatility and risk are decreasing for Toncoin, as its Sharpe Ratio continues to fall. With the altcoin showing reduced sensitivity to price fluctuations, it offers a more favorable risk-return balance and a less risky market for investors. A less volatile market condition may be ideal for Toncoin investors to accumulate tokens with less exposure to abrupt price movements. The Quicktake analyst, however, warned investors to approach the market with caution as the lower-risk zone may not be completely safe.  Darkfost specifically advised investors to still watch out for Bitcoins price movements, as the market tends to respond to swings from the premier cryptocurrency. Toncoin To Overtake Ethereum In This Metric Before 2025 In a separate Quicktake post, an analyst has projected Toncoin to overtake Ethereum in terms of adoption before the end of 2024. According to Maartunn, the number of TON holders, which currently stands at 112 million, is expected to surpass ETH holders by December 20, 2024. This projection is based on Toncoins recent growth spurt, which has seen the network gain an average of 500,000 new holders daily over the past month. According to the Quicktake analyst, the number of TON holders could exceed that of Ethereum (currently 137 million) if this trend continues. Related Reading: Would Bitcoin Reclaim $70,000 Soon? Key Data Suggests New Investors Hold the Key However, Maartunn noted that this prediction doesn’t account for the potential of a slowdown in TONs growth rate and the continuous growth of ETH holders. The analyst acknowledged that while these two factors are only variables, they may still influence the projected dates. Featured image from Unsplash, chart from TradingView

Heres The Top 3 Coins That Are Making A Huge Difference To Your Wealth

Author: Vaigha Varghese
Estonia
Jan 21, 2025 02:30

Heres The Top 3 Coins That Are Making A Huge Difference To Your Wealth

While the leading crypto Bitcoin (BTC), surpassed the $100K psychological barrier, its market dominance has fallen, retreating from its November high of $61.53%. This means the altcoins are ready to steal the show. With institutional interest, favorable market trends, and an unprecedented influx of retail players, some altcoins are positioned to record new highs, ultimately […]

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