TON – 2023 Reports Over the past days, the total number of accounts and transactions on The Open Network (TON) increased to 2.88 million and 173 million, respectively. TON has become the 14th largest cryptocurrency by total market capitalization, according to CoinMarketCap. Similar to the previous quarter, TON's technology, ecosystem, and the network's economy improved.
The TON 2023.06 update introduced the new burn functionality. It was implemented by the community and validators, who voted to burn 50% of the network fees, including storage and transaction fees. This forward-thinking solution means that, although the current burned amounts are insignificant, as the network and transaction volume grows, there could be a noticeable reduction in the circulating Toncoin supply. Decreasing the supply typically stimulates demand. It is also worth mentioning the creation of the "Black Hole" mechanism, which destroys all Toncoin sent to it. This can be utilized for new deflationary mechanics in the future.
Thanks to the Liquidity Mining Rewards Campaign, the Total Value Locked (TVL) in the network has grown by 2200%, and over $20 million has passed through the token bridge launched last quarter. Undoubtedly, we will continue to stimulate the growth of the TON DeFi segment moving forward. Tonkeeper, the most popular TON wallet, has integrated staking and a decentralized cryptocurrency exchange into its interface. The decentralized exchanges on TON are also making progress – DeDust has received a significant 2.0 update, a new exchange called FLEX has been launched, and STON.fi has introduced a new Rust SDK, FunC library, and launched the STON token.
Tonusdt
TONUSDTTONUSDT was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 1.90 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
TON: Pullback in UptrendTrade setup : Price is in an Uptrend. It got rejected at $2.60 resistance zone, just as it did in early 2023. Pullback near $1.95 support area could be an attractive swing entry in Uptrend, with upside potential back to $2.60 (+30%).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $1.95, then $1.60. The nearest Resistance Zone is $2.60.
TONUSDTTONUSDT was trading in descending parallel channe and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 2.08 region.
Will the bulls take charge again continue for leg higher?
#TON good opportunity#TON shows bullish signs.
We can see perfect bounce from Monthly and Daily 50 ema support and bounce from support line (blue one)
We can expect to see the coin back at around 2,54$, where breaking through that level will open the way to 3 - 3.52$ price level
Very important to see consolidation above 2.5$
Of course, if we see bear reaction on lower tf at 2.54$, then in this case #TON can come back to support line. And only breaking above that line will lead the coin lower towards to 1.95$ etc (green lines below)
TONUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Target/reversal zone: 1.65 - 1.5
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
TON: Pullback in UptrendTrade setup : Price is in an Uptrend. It got rejected at $2.60 resistance zone, just as it did in early 2023. Pullback near $1.95 support area could be an attractive swing entry in Uptrend, with upside potential back to $2.60 (+30%) .
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $1.95, then $1.60. The nearest Resistance Zone is $2.60.
TONCOIN first correction, then growthHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
TON is now in a slight correction after the addition of futures, it was expected that they would raise euphoria with this event and then start shaving.
The only question is, where will the correction be? I think that perhaps in the future, as the market falls, we will drop below $2 for TON and after that we will again see some kind of powerful rebound against the entire market, the market maker will begin to plant somewhere around $3 again.
As you know, I already fixed the spot position on TON, I managed to make a small profit, which I’m actually happy about! At the moment, I’m just monitoring the asset and in the future I’m thinking about re-acquiring the asset again, but for now I need to wait for a price that’s favorable to me.
Guys, the graph is just a sketch, you can say I drew it for myself, and then make the decision yourself!
TON: Pullback in UptrendTrade setup : Price is in an Uptrend . It got rejected at $2.60 resistance zone, just as it did in early 2023. Pullback near $1.95 support area could be an attractive swing entry in Uptrend, with upside potential back to $2.60 (+30%).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $1.95, then $1.60. The nearest Resistance Zone is $2.60.
TONUSDT Elliott Waves Analysis (LONGTERM)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Targets: 2 - 3 - 3.5
after first target reached move ur stop to breakeven
Stop: ~0.8 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
TON. We tend to see what we want to seeI believe in the long term future of TON blockchain. It has a developing ecosystem, Nice UI and foremost - its HUGE USERBASE (Telegram).
Do you remember, how Reddit's NFT marketplace overcame OpenSea within few months after its launch? The secret was its userbase. MAU of Telegram is twice as big as Reddit. Imagine what will it bring to the table. Imagine Ethereum had 800m users at the start of its crypto invasion.
It is just a matter of time, when they will launch a full scale advertisement to drive the mass adoption of their wallet and the use of the blockchain by average user. And I do believe they will start this campaign right before the actual Bull cycle start. At the moment when everyone will become interested in crypto again, somewhere around the BTC halving period.
Meanwhile, back to the chart: we've formed the very similar ascending triangle structure within the ascending channel, as it was earlier, but smaller. Not sure if we will go through the roof right now, i'm thinking we'll go down to the triangle support for the last time in September and up to the highs of the channel from there.
We tend to see what we want to see, don't we? Let's check how it will play out this time!
TON Toncoin Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for TON Toncoin is $1.44.
Looking forward to read your opinion about it.
TON/USD 12hour UPDATE BY CRYPTO SANDERS !!hello, welcome to this TON/USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Toncoin (TON) was one of Thursday’s notable gainers, as the price rallied by as much as 4% in today’s session.
Following a low of 1.75 on Wednesday, TON/USD rose to a peak of 1.88, earlier in today’s session.
The move comes days after the token reached a high of 2.05, which was the highest point it has hit since May.
, the rise in price comes as the relative strength index (RSI) jumped to a floor of 60.00.
At the time of writing, the index is tracking at 63.35, with the next point of resistance around 66.00.
In the event it moves beyond this level, there is a good chance that the price will move back towards 2.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
TON/USD 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this TON/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Toncoin (TON) also moved higher to start the week, with the token hitting a fresh multi-month high.
TON/USD peaked at 1.93 on Labor Day, following a low of 1.85 during Sunday’s session.
toncoin climbed to its most vital point since May 8, when the price reached a high of 2.08.
The RSI on TON continues to reside over the 70.00 mark, meaning that price strength remains overbought.
This has not prevented bulls from continuing to send the token higher, with the 2.00 level as the perceived target for traders.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Toncoin & Telegram Toncoin price today is $2.5 with a 24hour trading volume of 40 million dollar. TON price is up 3% in the last 24 hours and 50% up in a month and some traders still believe crypto is ded and boring!
Telegram building a crypto exchange and non-custodial wallets right now and using TON blockchain to buy and sell telegram usernames on Fragment website which is pretty cool.
In worst days of market TON hit another all time high and the chart still looks strong. Toncoin listed on Bybit and you can stake it on OKX exchange for 200% APY.
TonBtc is in correction phase as you see. for scalpers 2.2 - 2.7$ is a good range for making some money
TON I expect a bounce to $1.44.Hey, everybody!
TON is currently at a strong support level, I expect the price to rebound as soon as the market situation stabilises. Expected target 0.236 Fibo ($1.44)
If the asset is sold down, we can expect a fall to 1.618 Fibo ($0.965).
This is not a financial recommendation, everything you do is at your own risk.
TON coinHello everyone! Today, I want to share an interesting piece of news about the TON coin. Recently, Pavel Durov, the founder of Telegram, announced the issuance of Telegram bonds. He shared this information on his official channel.
Furthermore, Durov stated that he also holds BTC and TON. This indicates his trust in these cryptocurrencies and may have a positive impact on their fate.
I have written about the TON coin and its prospects multiple times before. Personally, I hold TON coins for the long term, and if the price continues to rise, it will be pleasant.
In my analysis, I have identified an interesting zone where I plan to set a limit order in case of price decline.
TON Toncoin Potential Short Tern ReversalTON Toncoin currently demonstrates short-term upside potential, suggesting the possibility of a reversal and an upward price movement in the near term. The price action indicates a potential shift in market sentiment, with increasing buying interest that could drive the price higher.
Considering the short-term upside potential, a target of $1.55 could be set for TONCOIN. This target represents the projected level that could be reached if the reversal and upward momentum continue.
Looking forward to read your opinion about it!