🔻 $TON Retaking support test again! What’s next?🤔
Is the decline a motivation for a new launch?🚀 Or a fall into the abyss 💥
📉 TON is currently trading at $3.23 with a daily decrease of -2.43%, amidst trading volume of $207.5M over 24 hours, and a market cap of $8.1B placing it at #21 globally.
⚡ Toncoin is the native currency of The Open Network (TON), a super-fast Layer1, backed by "infinite sharding" technology and deep integration with the Telegram app.
🚀 The project launched in 2018 led by the founders of Telegram, but faced regulatory hurdles that forced Telegram to abandon it. Since then, the developer community has taken the lead on TON, turning it into an open-source project with enormous potential.
📰 Latest developments: Nasdaq-listed company Verb pumped $713M into Toncoin, announcing a massive treasury strategy aimed at owning 5% of the total supply. Despite this, trading volume has decreased, and technical indicators have declined, raising questions about TON's ability to withstand market pressure.
⚖️ After all this, will institutional investment bring TON back to the top? Or will the excessive reliance on Telegram keep it at the mercy of users' moods? Some see TON as a revolutionary project, while others view it as just a "deferred promise". 🤷 What do you think?
📣 Share your opinion in the comments, and don’t miss any upcoming updates – the next could be shocking!👊
