๐ถ TON/USDT Spot Analysis ๐ถ
๐ 1D Timeframe | ๐ Price: $3.35 (+2.53%)
TON (The Open Network) is slowly recovering its price. Recent trend shows that it bounced back from below $2.70 and returned to the $3.35 level. If the current bullish momentum can be maintained, the first resistance could reach $4.77 and then $4.98.
๐ Whitepaper Highlights:
TON is a high-performance blockchain platform invented and developed by Telegram. Its main goal is to provide scalable, fast, and secure data and transaction processing.
๐น Proof-of-Stake consensus
๐น Multi-chain architecture
๐น On-chain sharding & dynamic routing
๐น Smart contract support with TON VM
๐ค Partnerships:
โ Telegram: One of the biggest strengths of the TON project is its deep integration with Telegram. Telegram has recently launched Wallet integration, which is pushing TON coin towards mass adoption.
โ Renowned companies like Animoca Brands, DWF Labs are investing and collaborating in the TON ecosystem.
๐ Strengths:
โ Access to Telegram's 900M+ users
โ Low transfer fees and fast transactions
โ Suitable for building DeFi, NFT and Gaming ecosystems
โ Token economics disciplined and low inflation rate
๐ Key Levels:
๐น Support: $3.00 โ $2.50
๐น Resistance: $4.77 / $4.98
๐น Major Resistance: $7.00+
๐ If this bullish trend can be maintained over time, then a bigger move can be expected in the coming months.
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