Toncoin is back in the game: $3+ and a target of $5?
Toncoin (TON) has stabilized around $3.15–3.30 after a sharp rise in June 2024 (ATH ~$8.23). The price is supported by the activity of the Telegram ecosystem, the launch of games (Notcoin, Hamster Kombat), and the appearance of USDT on TON.
A key driver has been the news about the launch of a $400 million institutional fund by the TON Foundation, which could propel it to the $5+ zone if TON breaks the resistance at $3.18.
⚠️ If the breakout does not happen — a pullback to $2.90 is possible.
📌 The essence: TON is one of the strongest altcoins in the last six months, and is currently in the focus of major players.
