Toncoin Gains As It Eyes $1.51
Toncoin has made a significant 7.2% gain in the past seven days, outperforming other leading cryptocurrencies. In the last 24 hours, TON has traded between $1.46 and $1.52, indicating a potential for further gains. With a market capitalization of $5.05 billion, TON currently ranks as the 14th largest cryptocurrency. The recent uptrend has also contributed to a 14% gain in the last month, boosting market capitalization from $4 billion to $5 billion.
TON Shows Signs Of Reversal
Despite the recent uptrend, TON is showing signs of a reversal. Traders looking to profit can consider selling at the current price of $1.52, as the price movement has formed a triple top pattern, suggesting a potential downtrend. Based on previous price movements, TON could drop to $1.38. Confirmation of the downtrend will rely on the reversal of the Relative Strength Index (RSI), which currently indicates buyer control at 66.
First Set Of Developers Access TON Space Wallet
The TON Space self-custody wallet, built on the Ton blockchain, has been released for the first group of developers. This wallet allows users to have complete control over their digital assets. The full release of TON Space is expected by the end of Q3 2023, which could positively impact TON’s price.
yPredict Presale Raises $3.6M As Next Price Increase Nears
yPredict, an “All-in-One” ecosystem for developers, analysts, and traders, has raised $3.62 million in its presale at the current price of $0.1. The price is set to increase to $0.11 after reaching $4,582,551.25. Early investors in the presale can potentially make significant returns, as the listing price is $0.12. yPredict offers real-time trading signals to enhance trading activities.
Hot Take:
Toncoin has shown impressive gains recently, outperforming other leading cryptocurrencies and attracting increased trading volumes. However, there are indications of a potential reversal, which traders should consider when making investment decisions. The release of the TON Space wallet and the successful presale of yPredict demonstrate the growing ecosystem around Toncoin, which could further impact its price in the future.
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