Toncoin (TON) Hits Record $7.64 and Rises 8.28% in 24 Hours
Toncoin achieved a new all-time high of $7.64, marking an 8.28% increase in 24 hours. This surge is attributed to a golden-cross formation on the technical chart, indicating a potential long-term bullish trend. The market capitalization of TON now stands at $18.5 billion with a circulating supply of 5 billion tokens (The Crypto Times).
Integration with Cobo Custody Solutions
Toncoin has integrated with Cobo Custody Solutions to enhance the security and flexibility of its ecosystem. This partnership aims to attract more institutional users to the TON network by providing reliable custody solutions, thus expanding its service offerings and boosting user trust (Crypto News Flash).
Price Prediction: Aiming for $10
Analysts suggest that Toncoin could target the $10 mark if it surpasses the current resistance level of $7.66. Key developments such as the launch of Adsgram, a traffic monetization tool on Telegram, are expected to drive demand for Toncoin, benefiting its ecosystem and price in the long term (CoinGape).
Approval in Kazakhstan and Subsequent Price Drop
Despite gaining approval for trading in Kazakhstan, Toncoin experienced a significant drop of over 7%. This indicates that market reactions can be volatile and are influenced by various factors beyond regulatory approvals (crypto.news).
Resilience Amid Market Volatility
Amidst a turbulent crypto market, Toncoin has shown resilience, maintaining stability compared to other altcoins. This performance is noteworthy given the overall bearish market sentiment, positioning TON as a reliable option for investors during volatile periods (The Crypto Times).
Enhanced Security and Ecosystem Growth
The integration with Cobo and continuous ecosystem growth have strengthened Toncoin’s position in the market. The TON blockchain is now competing with top-tier blockchains like BSC, Solana, and Ethereum, attracting DeFi developers and increasing its total value locked (Crypto News Flash).
TapSwap and User Engagement
TapSwap, a major player in the Toncoin ecosystem, has significantly contributed to its growth by increasing user activity through upcoming airdrops and the tokenization of fiat. This initiative is expected to drive further engagement and adoption of Toncoin (The Crypto Times).
Crypto Altcoin TON (Toncoin)
These updates highlight the dynamic developments and strategic initiatives surrounding Toncoin, reflecting its potential for growth and resilience in the cryptocurrency market.
 – News for the Last 30 Days){kind=link}
 – News for the Last 30 Days){kind=link}