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$TOMA Token Dipped Nearly 100% Hours After Lunching: What Next?Hours after its much-anticipated launch on exchanges like Bitget, Gate.io, and MEXC, the PSECZ:TOMA coin experienced a dramatic dip of 99.6%, raising questions about its sustainability and the broader health of the Telegram-based Play-to-Earn (P2E) ecosystem. Despite the steep decline, opportunities for recovery and user engagement remain, especially through ongoing events like Bitget's Launchpool. Understanding the PSECZ:TOMA Token and Ecosystem About PSECZ:TOMA PSECZ:TOMA is the native token of Tomarket, an on-chain asset trading platform built within the Telegram ecosystem. It allows users to play games, earn tokens, and trade seamlessly. Backed by investments from Bitget Wallet and Foresight X, Tomarket aims to onboard Web2 users into Web3, boasting over 50 million users globally. Recent Developments Despite its ambitions, PSECZ:TOMA faced criticism from the community post-launch due to: - Token Allocation Concerns: Early adopters reported dissatisfaction with allocations, claiming that gas and membership fees far exceeded token value. - Total Supply Issues: The token's supply of 1 trillion raised eyebrows, with many seeing it as a potential cause of the price collapse. Opportunities Amid the Chaos One silver lining is Bitget’s Launchpool event, which allows users to lock BGB and PSECZ:TOMA to share a reward pool of 40,000,000 PSECZ:TOMA tokens. This initiative provides a chance for users to recover losses and potentially maximize returns. Market Performance and Technical Analysis PSECZ:TOMA is down 96.76%, trading at $0.00002201 on Gate.io under the TOMA/USDT pair. The absence of tracking on major aggregators like CoinMarketCap or CoinGecko exacerbates uncertainty around its valuation. Technical Outlook - Oversold Conditions: The token's massive drop suggests it is heavily oversold, potentially creating a buy zone for speculative traders. - Market Sentiment: Holder dissatisfaction has fueled negative sentiment, but the ongoing bloodbath across crypto markets—with Bitcoin down 6% to $94,000—also plays a role. Fundamental Outlook The Telegram-based P2E ecosystem, which PSECZ:TOMA represents, has seen declining traction. Recent projects have underperformed, casting doubt on the ecosystem’s viability. The Bigger Picture: Is the Telegram Ecosystem Fading? The PSECZ:TOMA debacle is not isolated. Many Telegram-based tokens have struggled post-launch, failing to deliver on promises. The once-thriving ecosystem now faces skepticism, with critics dubbing many projects as "premium dust." However, history shows that dramatic dips can precede sharp recoveries. If PSECZ:TOMA follows the trajectory of other tokens like HMaster Kombat, it may yet stage a comeback. What’s Next for PSECZ:TOMA ? The immediate future hinges on several factors: 1. Community Trust: Addressing allocation concerns and improving communication with holders will be crucial. 2. Utility Development: Enhancing the token’s use cases within the Tomarket ecosystem can help restore faith. 3. Market Conditions: Broader market recovery, particularly Bitcoin stabilization, will also influence PSECZ:TOMA ’s performance. Conclusion PSECZ:TOMA ’s launch has been tumultuous, marked by a near-total price collapse and widespread dissatisfaction. Yet, opportunities for recovery remain, especially through ongoing staking events and the potential for market stabilization. Whether PSECZ:TOMA can overcome its rocky start and reignite interest in the Telegram P2E ecosystem remains to be seen. For now, the crypto world watches closely, with hopes pinned on a potential rebound.
GATEIO:TOMAUSDTLong
by DEXWireNews
Notcoin Surge 32% in 2 days on unveiling rewards programNotcoin ( GETTEX:NOT ) has recently captured the attention of the crypto community with an impressive 32% surge in just two days. This rally was fueled by the announcement of its innovative Earn Program, aimed at driving user engagement and rewarding token holders. Let’s delve into the fundamental and technical aspects of GETTEX:NOT to understand its potential. Introducing the Earn Program Notcoin, a Tap-to-Earn Telegram game based on the TON blockchain, has unveiled a reward system designed with launch pool-style mechanics. This program enables users to earn passive income by holding tokens directly in their Telegram wallets without the need for staking or moving funds. Key highlights include: - Participation Incentives: Rewards are distributed to the top 100,000 holders in each pool, including pools for NOT and DOGS tokens. - Exclusive Pools: Additional reward pools are available for Gold, Platinum, and Early Notcoin Stakers, encouraging deeper engagement. - Seamless Integration: Token holders can request access to pools, and eligibility is automatically verified based on wallet balances. Community-Driven Ecosystem Since its launch in 2023, Notcoin has rapidly gained traction, boasting over 900 million users. Its native token, NOT, launched in May 2024, is now valued at $0.008 with a market cap exceeding $848 million. The project’s growth reflects its success in integrating blockchain technology with Telegram, providing a user-friendly gateway to the world of Web3. Utility Beyond Gaming While initially focused on its viral tap-to-earn game, Notcoin has evolved into a versatile cryptocurrency. It supports transactions on platforms like Telegram and serves as a platform for Web3 builders to present their products to the community. This multifaceted approach has strengthened its network and widened its appeal. Technical Analysis At the time of writing, GETTEX:NOT is trading at $0.008289, up 15.96% in the past 24 hours, with a 24-hour trading volume of $260.3 million. The token has shown resilience despite recent volatility, breaking out of a rising wedge pattern that previously triggered a sell-off. The recent surge is accompanied by a bullish engulfing candle on the charts, signaling potential for continued upward momentum. Currently at 45, the RSI indicates that GETTEX:NOT has ample room for further gains, rebounding from oversold conditions. Resistance and Support Levels - Support: Key support is found near $0.0075, which aligns with the base of the recent rally. - Resistance: Immediate resistance is observed at $0.0085. A break above this level could pave the way for a retest of the $0.0090 zone. Market Sentiment The general crypto market sentiment remains bullish, providing a favorable environment for GETTEX:NOT ’s recovery. The token’s recent innovations and its established user base on Telegram add to its bullish outlook. The Bigger Picture Notcoin’s growth underscores the increasing integration of blockchain technology with mainstream applications like Telegram. By bridging the gap between casual gamers and the world of Web3, GETTEX:NOT has positioned itself as a trailblazer in the cryptocurrency space. Its Earn Program not only incentivizes participation but also simplifies the process of earning passive income, making it an attractive option for both new and experienced crypto enthusiasts. As Notcoin continues to innovate and expand its ecosystem, the future looks bright for this community-driven cryptocurrency. With strong fundamentals and promising technical indicators, GETTEX:NOT has the potential to remain a significant player in the blockchain and gaming industries. Final Thoughts The recent surge in GETTEX:NOT ’s price highlights the market’s positive response to its new initiatives. For investors and traders, the token’s unique position within the TON blockchain and its expanding ecosystem offer compelling reasons to watch its progress closely. However, as with any investment, it’s essential to conduct thorough research and consider market conditions before making decisions.
Long
by DEXWireNews
Frankly, I don't feel like explaining, the chart says it all !!Finally, the wedge broke .The price can reach the shown targets. That's it. previous analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Breaking: Binance Delists Notcoin (NOT) — What Next? Binance Delists NOT/BNB Pair: A Blow to Notcoin's Momentum? In a surprising move, Binance announced the delisting of the NOT/BNB and RDNT/BTC pairs, raising questions about the future of Notcoin (NOT). The decision, effective from December 6, aims to maintain a "high-quality trading market" and protect user interests. This delisting has sparked concerns among investors about reduced visibility and liquidity, especially for the Telegram-based click-to-earn token, which had gained significant traction. Technical Breakdown As of writing, NOT is trading at $0.009433, down 0.32% and indicating bearish reversal signs. The Relative Strength Index (RSI) stands at 61, suggesting a possible cool-down from previous highs. Despite this, NOT has shown resilience, up 1.98% in the last 24 hours, defying typical delisting-induced sell-offs. Traders should remain cautious, watching for a potential break below key support levels that could trigger further declines. Broader Market vs. Project Potential Notcoin's roots in the viral Telegram game helped it amass a dedicated user base, blending gaming and crypto. Its tap-to-earn model introduced many users to Web3, fostering engagement and community interaction. Beyond gaming, NOT's integration into the Telegram ecosystem highlights its broader utility for transactions and promotional campaigns for Web3 projects. However, Binance's move could dampen this momentum. Reduced market visibility might slow adoption unless other exchanges or community initiatives pick up the slack. Meanwhile, Binance has expanded support for tokens like KAIA and AERO, reflecting a strategic pivot towards newer assets. Market Sentiment: Mixed Reactions and Future Prospects Despite the delisting news, NOT saw a 3% price uptick, indicating investor resilience or speculative buying. This reaction contrasts with typical bearish trends following exchange delistings, suggesting underlying optimism within the community. Meanwhile, increased trading activity for KAIA and AERO shows that delistings aren't universally detrimental if a strong community or utility backs the project. Conclusion The delisting could challenge Notcoin's immediate future, but its community-driven foundation and utility within the Telegram ecosystem remain strengths. Investors should monitor technical indicators closely while considering the broader market's bullish sentiment. If NOT holds key support levels, it could weather this storm and emerge stronger with strategic partnerships or listings on other platforms. Stay informed: Market dynamics are shifting, and staying updated is key. 🚀
by DEXWireNews
9
Nobody appreciates it !!!The toncoin has broken the wedge, which is a bearish sign in the short term. The price can correct down to the 0.618 Fibonacci level and then potentially shoot back up. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
6
$TON large-scale trafficTON ends the accumulation phase after negative events related to Telegram and Pavel Durov. The court ruling on the Telegram case will be issued soon, which will undoubtedly have a positive impact on TON's price. The TON ecosystem continues to thrive and receive more and more projects. Creating tappable coins like NOT and others untie the hands for manipulators, as it is a transparent system for raising funds for the project, as well as a simple consensus. In the most positive scenario, I would stick to the plan as on the chart with the formation of 5 elliot waves as well as a trend change after consolidating above the 50 EMA. A number of hedge funds and market makers have also made big deals here. Get ready! Horban Brothers!
Long
by horbanbrothers
Toncoin (TON)📊 Comprehensive Analysis of Toncoin (TON) 🔍 General Overview: Toncoin (TON) has established itself as one of the most reputable cryptocurrencies in the market since its listing. After a strong bullish trend and setting a new all-time high, the coin entered a mildly sloping descending channel. The price structure indicates a short-term correction phase; however, maintaining support levels and increased trading volumes signal a potential for continued upward momentum. 🕰 Technical Analysis & Current Status 🔸 Movement in the Macro Ascending Channel: Toncoin remains within a large ascending channel, and the current movement in the short-term descending channel is seen as a consolidation phase. 🔸 Breakout of the Midline in the Descending Channel: The price crossing above the midline of the descending channel signals a potential continuation to the upper boundary of the descending channel. 🔸 Key Resistance and Support Levels: The broken weekly resistance led to the formation of a new all-time high. Sustaining the price above the midline of the descending channel could lead to a move toward the upper boundary of this channel. 🔸 Reaction to the Upper Boundary of the Descending Channel: If the upper boundary of the descending channel is broken, the price may target the upper line of the macro ascending channel, potentially driving strong bullish momentum. 🎯 Price Targets (Goals) 🔹 Short-term Target: Reaching the 1.618 Fibonacci level in the green zone. 🔹 Mid-term Target: Moving toward the 2.618 Fibonacci level in the blue zone. 🔹 Long-term Target: Attaining higher levels if the RSI ascending channel is broken to the upside, confirming a continuation of the parabolic move. 📈 RSI Indicator Analysis 🔸 Ascending RSI Channel: RSI is moving within an ascending channel, and a reaction at its midline could act as an entry signal. 🔸 Overbought Zone: If RSI breaks into the overbought zone, the likelihood of reaching the RSI channel's upper boundary increases. This breakout could serve as a strong trigger for continued price growth. 💡 Conclusion and Key Recommendations 🔹 Summary: With its macro bullish structure and the breakout of key resistance levels, Toncoin is well-positioned for further upward movement. However: If the price fails to break the upper boundary of the descending channel, a correction toward lower support levels is possible. 🔹 Recommendations: Capital management and close monitoring of key levels are essential to minimize risks. Entry triggers include breaking the upper boundary of the descending channel and RSI confirmation above its midline in the ascending channel.
Long
by alizeynali69
Telegram's Pavel Durov Endorses MAJOR TokenIn an unexpected show of support, Telegram CEO Pavel Durov has endorsed the MAJOR token, committing to hold 1% of its total supply for the next decade. This bold move not only opines Durov's faith in MAJOR's ecosystem but also marks a significant moment for the token's market trajectory. Here, we delve into both the technical and fundamental analyses to explore what this endorsement means for investors and enthusiasts alike. Fundamental Strengths of MAJOR Seamless Integration with Telegram: MAJOR's strength lies in its deep integration with Telegram, a platform boasting over 700 million monthly active users. This integration allows MAJOR to leverage Telegram's vast user base for its mini-app ecosystem, providing a fertile ground for growth and adoption. Durov's endorsement is not just a vote of confidence but a testament to the potential he sees in this synergy. Innovative Ecosystem Expansion: - NFT Rentals: MAJOR plans to introduce username NFT rentals, a novel feature aimed at enhancing user engagement and creating a new revenue stream. - Gaming Hub: An upcoming gaming hub could tap into the growing trend of blockchain gaming, offering a new utility for the token. - Digital IDs: This feature aims at providing secure, blockchain-based identity solutions, potentially increasing the token's necessity within digital interactions. These features are designed not only to sustain but to potentially accelerate the growth of MAJOR's community and usage, which has already seen remarkable figures with 70 million users in just five months. Market Cap and Tokenomics: Although specific circulating and total supply details are currently unavailable, the token's planned distribution includes a strategic allocation for marketing, liquidity, development, and team retention, with a notable portion dedicated to Durov's holding. This structure aims at ensuring stability and long-term growth over speculative volatility. Technical Analysis As of writing, SET:MAJOR trades at $1.10, experiencing a 24.15% drop in the last 24 hours. Despite this dip, the token's futures on OKX are priced at $1.43, suggesting a market anticipation for a potential rebound. The 15-minute chart shows MAJOR forming a bullish symmetrical triangle, with a breakout expected around $1.20. Breaking above this level could signal a strong reversal, especially given the token's recent downturn. Volume and Interest: With a 24-hour trading volume of approximately $117 million, there's considerable interest in MAJOR, reflecting its market activity and liquidity, especially around its listing events. Implications of Durov's Endorsement Pavel Durov's commitment to hold SET:MAJOR for 10 years is a significant psychological booster for investors. It signals: - Long-term Vision: Durov's long-term holding strategy implies a belief in the project's sustainability and growth potential. - Community Trust: His involvement likely enhances trust and interest from the broader Telegram community, potentially leading to increased adoption. - Market Stability: By not selling, Durov could help stabilize the token's price, reducing the risk of significant sell-offs in the short to medium term. Conclusion MAJOR's listing on six major exchanges today, coupled with Pavel Durov's endorsement, positions it uniquely in the crypto market. The blend of its prospects through innovative features and a robust integration with Telegram, alongside a promising technical chart pattern, suggests that MAJOR could be on the cusp of a significant price movement. However, investors should remain cautious, considering the high volatility and the speculative nature of the cryptocurrency market. As always, the crypto space demands a balanced approach combining both fundamental understanding and technical vigilance. Disclaimer: Cryptocurrency investments are subject to high market risk. The analysis provided herein reflects current trends and insights but should not be construed as financial advice. Investors must conduct their own research and consider their risk tolerance before investing.
GATEIO:MAJORUSDTLong
by DEXWireNews
18
TradeCityPro | TON : From Correction to Potential New Highs👋 Welcome to TradeCityPro! In this analysis, I will review TON. This coin is associated with Telegram and has seen significant growth after the viral spread of DAPPs on this network, reaching a high of $8.288 and registering a new ATH. 📅 Weekly Timeframe: Volume Entering During Correction In the weekly timeframe, after hitting the $8.024 resistance, the market entered a correction phase. It has now retraced to the 0.382 Fibonacci level. After reaching the $4.743 support, new buying volume entered the market, pushing RSI above the 50 zone. 📊 If the buying volume continues to increase, bullish momentum will return to the market. With a breakout above $8.024, the price could experience substantial growth. The Fibonacci targets after this breakout are $13.966 and $18.719. However, these levels are not guaranteed targets or the final points of the rally. They are used to confirm trend changes. 📅 Daily Timeframe: Trendline Breakout and First Bullish Wave In the daily timeframe, we can see the details of the coin’s correction phase. As shown, a descending trendline formed during the correction. After breaking this trendline and surpassing the $5.499 trigger, the price surged and is now heading toward the $6.922 resistance. 🚀 If you entered after the trendline breakout, I recommend not rushing to sell unless the market shows a trend reversal. However, if you are holding a futures position, you’ve likely already made a good profit. It would be wise to secure some of your gains at this point. 🔽 For now, the next resistance in case of an uptrend is $6.922. If the RSI closes above the 70 zone and more buying volume enters the market, we could see another significant rally, similar to yesterday’s movement. 🛒 For spot entries, the $5.499 trigger has already been broken. Future entry levels include breakouts above $6.922 and $8.165. 📅 4-Hour Timeframe: Futures Triggers Let’s move to the 4-hour timeframe and identify futures triggers. In this timeframe, there is resistance at the $6.422 zone, which recently caused a major rejection. This indicates that the level is very significant and strong. 🔼 If the price tests this zone again, we can consider opening a long position if it breaks. The targets for this move would be $7.008 and $8.165. 📉 If the correction continues, the first support is at $5.619. Additionally, the RSI reaching the 50 level is also a critical point to watch. 👑 TON/BTC Analysis In the 4-hour timeframe, the TON/BTC pair currently has a bearish nature. It has recently crossed above the SMA99 and is now in a pullback phase. The $0.00006512 trigger would be a solid level if it coincides with the $6.422 zone. If this resistance is broken, the primary target will be $0.00007110. ✨ If the decline continues, the only supports are at $0.00005733 and $0.00005488. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
11
TON's Situation: What Shall we Expect ??Finally, the wedge broke .The price can reach the shown targets. That's it. previous analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
Be careful with TONCOIN !!!BINANCE:TONUSDT is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = $6 Stay tuned for more updates, thanks. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
BANANAUSDT.P Could the token unlock trigger a price downturn?Hello dear readers, It’s great to be here again, sharing ideas with you and learning together. Today, we're looking at **BANANA**, a Telegram bot where you can manually buy and snipe tokens on Ethereum. On **November 8th**, there will be a token unlock—could this event trigger a price drop? We’ll have to wait and see. For now, let’s analyse the chart for some technical insights. First, we see the **0.5 Fibonacci level** acting as support, with two reversed hammer candles—one from November 3rd and one from November 4th—holding at this level. This could be indicating a developing situation, though it’s still uncertain. Next, we’re monitoring the **50 and 100 MAs**, with price hovering between them, seemingly undecided on a direction. Volume is stable at the moment, neither increasing nor decreasing significantly. So, what can we extract from all this? Should we decide now, or wait for the daily close to confirm our analysis? Personally, I prefer to wait for the daily close before taking action. However, if you’re more of an intraday trader, feel free to ask me about smaller time frames. Stay tuned and trade safe!
by vagada
2
The Open Network (TON) & TelegramThe Open Network price today is $1.6 with a 24 hour trading volume of 10 million dollar. TON price is up 11% in the last 24 hours Toncoin is a decentralized layer1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network". The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. Toncoin utilizes the PoS consensus model for network scalability and reliability. Telegram users can now buy and sell short recognizable usernames for personal accounts, public groups and channels on fragment website and using TONcoin for doing payments If you got it at 1$ like me its time to take some profits 1.7 , 1.9 and 2.1 are next targets
Long
by moonypto
12
Could ArkiTech's Coin Price see $0.05 by the end of the Year?UNISWAP:ARKIWETH_8EE318.USD looks poised to make a key decision in price. With the recurring revenue set up and already making bank, the development team making waves in the space, and the consistent natural growth of all the product offerings the company is putting out, I expect that we should see five cents at least by the end of the year. I've also heard that there are some new exciting features coming soon to their suite of software offerings... :)
UNISWAP:ARKIWETH_8EE318.USDLong
by tankingtomawar
HAMSTER KOMBATHamster Kombat is an emerging trend in the crypto-gaming world, combining the excitement of clicker games with real-world earning potential. Here are some key points about its future trend and potential: Growth Potential: Launched in 2024, Hamster Kombat has quickly gained traction, attracting millions of players. The game’s native token, HMSTR, is expected to see significant growth, with predictions suggesting it could reach $0.35 by the end of 2024 and potentially $1.50 by 2030. Community and Engagement: The game has built a strong, active community where players can share strategies and earn rewards. This community-driven approach is crucial for its long-term success. Technological Advancements: Hamster Kombat leverages blockchain technology, specifically The Open Network (TON), to ensure secure and decentralized gameplay. This integration of blockchain enhances the game’s credibility and appeal. Market Sentiment: Despite some volatility, the overall market sentiment for Hamster Kombat remains positive. The game’s unique blend of social interaction, gaming, and financial rewards positions it well in the growing play-to-earn market. Future Developments: Continuous innovation, such as new gaming modes, staking features, and strategic partnerships, will be essential for maintaining user interest and driving further growth.
Long
by DynamicCapital-FX
11
DOGS -I can't believe I'm posting thisToday I had a realization that I have been underestimating minimapp apps especially Tap games on Telegram NOT,DOGS,CATS,Hamster Combat and others. I will tell my opinion one by one on the issue of TAP games, click and earn. - It's a nonsense, I will not do it, everyone will be cheated, nothing will be given. -I told you they gave very few tokens. -See, this shit's going down. I didn't even have a section of tap app tokens on my watchlist. But if you look at it this way. - Decentralized token distribution -All tokens in the market. -Big community. - Hate from people like me = no position dialing no pressure on orderbook Opportunity to make fomo and steady growth and further liquidation of shorts who will be looking at multi-billion dollar capitalization -No VC DOGS added to coin-m on binance is a bullish signal for me. I would say that DOGS is a bit more than a meme. Moves more strongly than super tech projects. I added a few percent to my portfolio, sounds risky = yes. Best regards EXCAVO
Long
by EXCAVO
14
$TON | WHAT'S NEXT FOR TONCOIN?Toncoin is one of the most popular cryptocurrencies supported by the Telegram community. It has a circulating supply about 2.5 Billions out of 5.1 Billion which is huge. In June 2022, TON traded around $0.735, surged to $2.8, and then settled back to approximately $0.99. In February 2024, TON was listed on Binance as a futures trading asset at around $2.8, before experiencing a significant spike to $8.3. It subsequently broke the $4.8 level twice, in April 2024 and again in 5 August 2024. A few days ago, Pavel Durov, the founder and CEO of Telegram, was arrested in France for failing to cooperate with investigations into cyber and financial crimes on the messaging app. This news caused Toncoin to plummet from $6.88 to $5, along with Notcoin and DOGS (a memecoin recently listed on Binance). What’s next for Toncoin? We have two scenarios. In the first, if Durov is released soon, the coin could experience a dramatic surge above $7, potentially reclaiming its spot in the top 10 on CoinMarketCap. In the second scenario, if Durov's release is delayed, major investors might begin selling off their holdings, causing the market cap to drop significantly. This could also lead to increased regulatory scrutiny for Toncoin and related tokens like Notcoin and DOGS. Getting listed on major crypto exchanges, including Binance, may become more challenging, especially as Binance aligns with EU and US regulations. Durov is released = Above $7 Durov's release is delayed = Cross down $4.8 then $3.8 *** This is not a financial advice, do you own research before investing!
by b4sk