🚀 Toncoin (TON): Soaring to $3.50 — what’s behind the rise?
📈 TON Price: $3.36 USD
📊 Market Capitalization: $8.15 billion
🔁 24h Trading Volume: $288.5 million
🪙 Current Circulating Supply: 2.47 billion TON
🔝 All-Time High: $8.24 (June 2024)
🔍 Reasons for TON's Growth
1. Integration with Ethereum DeFi through TAC
The launch of the TAC mainnet has opened a bridge between TON and the Ethereum ecosystem, allowing dApp developers to utilize the capabilities of both blockchains.
2. Reduction in the cost of the "golden visa" in the UAE
The proposal for obtaining a visa for $100,000 in staked TON attracted the attention of major investors, although it was later denied by the UAE authorities.
📉 Technical Analysis
Current RSI: 64 — in the moderately overbought zone
Support: $3.00
Resistance: $3.50
Forecast: A short-term pullback to $3.00 is possible before a potential rise to $3.80.
🧠 Conclusion
Toncoin is demonstrating strong growth due to strategic partnerships and expanded functionality. However, investors should be cautious due to potential corrections. The current moment may be suitable for short-term investments considering the risks.