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Here’s How to Get Ahead of Toncoin Summer (Don’t Miss the Secret to Big Q2 Crypto Gains) –
Telegram cryptocurrencies are the big narrative for the second quarter, as cryptocurrency markets prepare for the so-called “Toncoin Summer”; in this article, dive into TON’s meteoric rise and find out if it’s really the best catch this summer.
Arthur Hayes and Raoul Pal asked for a “encrypted summer‘, but we witness a bloodbath. Bitcoin and Ethereum are in the red, but Toncoin (TON) is one of the few to defy the odds, hitting $8.01 on June 14.
If you invested in projects like Solana, your investment fell -16.47% over the past week to $141.94.
But Toncoin holders continue to rejoice in continued upward gains. So, let’s talk about why Toncoin could be the next top 5 cryptocurrency.
TON Price: Toncoin’s market performance is supernatural
Toncoin (TON) is on fire. Trading at $7.83, it was up 5.11% in a day, 3.94% in a week, and a whopping 15% for the month. With a market capitalization of $19 billion, TON now ranks ninth among cryptocurrency giants, according to CoinMarketCap.
Toncoin’s rise is fueled by his own vibrant user base. Artemis reports that Toncoin surpassed Ethereum in daily active unique addresses for ten of the last twelve days of June.
You also have to give credit to Telegram’s 900 million army for Toncoin’s surge. Transactions are booming, thanks to this user base.
Add Tether (USDT) and the new Not a coin game and Telegram Stars, and you have the recipe for rapid growth.
Technical analysis for TON price: the path to $10
(TONUSDT)
Short-term signals are bullish for Toncoin, but long-term indicators are bearish. With the price above the 20-day SMA but below the 200-day SMA, the outlook is mixed.
So, should you buy or wait?
If the support at $7.85 holds, you may want to keep your portfolio ready to invest in TON. 99Bitcoin analysts believe that a drop below will confirm the consolidation phase.
Getting above $8.00, however, could be the green light to keep this race going. Play it safe, 99Bitcoin analysts say. Wait for the $8.00 breakout or a clearer bottom.
Toncoin is great, but Wiener AI is having a historic pre-sale
As TON continues to make headlines, Wiener AI could be the next crypto project to make big waves. This token meme has caused a stir $5.6 million from its pre-saleleveraging artificial intelligence to give investors an edge in the cryptocurrency markets.
More and more Wiener every day – Our WienerAI family is growing rapidly! 🐾
More owners = more excitement for our launch!
Ready to join the group? 🌭🚀 pic.twitter.com/TPFpsjLGFX
— WienerAI (@WienerDogAI) June 13, 2024
With a staggering +1,800% APY in staking rewards, Wiener AI has quickly amassed a loyal following and is delivering eye-popping returns.
99Bitcoin Analysts Bet It Could Increase 100x by 2025
TO EXPLORE: VanEck Predicts Ethereum to Reach $22,000 by 2030 – Here’s Why
Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital