Toncoin Tunes In: Will TON Tone Up to a $5 Benchmark?

On Sep 7, 2023

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Toncoin (TON) is trading at $1.83, with a trading volume of approximately $25.38 million in the last 24 hours. It has seen a 2% increase in trading activity, resulting in a price rise of over 4%.

Over the past week, TON’s price has experienced an 8% increase; in the last month, it has surged by more than 52%.

Toncoin (TON) maintained stability at $1.3852 from June 14 to August 20. This has raised questions about potential market factors or underlying developments among traders and investors. Stay tuned as we delve into TON’s prospects in the coming weeks.

Toncoin (TON) Statistics:

Today’s Price – $1.83
Market cap – $6.29 Billion
Circulating supply – 3,431,892,088 TON
Total supply – 5,047,558,528 TON
CoinMarketCap ranking – 11

Source: CoinMarketCap

Exploring TON’s Path: Identifying Resistance and Support Zones

Take a look at the daily chart for key insights. TON‘s price could encounter resistance at $2.0103, which might trigger an upward movement. However, if it fails to surpass this level, it could decline to the support zone around $1.7499.

Source: TradingView Daily Chart TON/USDT

Consider these important chart points: there could be resistance at $2.0103 and $2.4013, while the price may find support at $1.7499 and $1.4193.

If the price remains above the 30 and 50-day moving averages, it could continue rising, aiming for $2.0103 or higher in the coming days.

TON’s RSI is above 70, indicating a potential short-term price decrease in the next few trading sessions. However, the moving averages and RSI signals suggest the price may rise. Aim for an RSI-14 of 14 and a support level of $1.7499. The price may decline if the first support level breaks and the RSI-14 falls below 50. In the long term, the price could rise if TON maintains levels above the 30 and 50-day moving averages. To safeguard your investment from substantial losses, consider using stop-loss orders.

Promising Alternative to Toncoin (TON)

Introducing Bitcoin BSC ($BTCBSC), a new stake project that offers exciting rewards and a unique presale. The Bitcoin ecosystem inspired this initiative in April 2011, when Bitcoin was worth just $1 and only 6 million coins were circulating. It’s a great opportunity for early investors.

Bitcoin BSC: Speedy and Profitable Staking as a Smart Alternative

The BTCBSC token is built on the Binance Smart Chain, allowing users to easily stake their tokens and earn passive income.

Bitcoin, the original cryptocurrency, is the biggest but not the most versatile. It’s primarily used as a digital investment rather than for everyday transactions.

Bitcoin BSC is quite similar to regular Bitcoin but offers some significant advantages. Unlike Bitcoin, which uses a complex and expensive method for processing transactions, Bitcoin BSC uses a faster and more efficient proof-of-stake system. Additionally, being a BEP-20 token, it avoids the high fees associated with tokens on Ethereum.

With proof-of-stake, individuals holding Bitcoin BSC tokens can stake them to earn rewards.

If you visit the bitcoinbsc.io website, you’ll notice that the current stake pool rewards participants with 0.25 BTCBSC for each block. While this may yield a high annual return percentage, it’s likely to decrease somewhat as more participants get involved. Nevertheless, it’s expected to be more attractive than many other stake pools, typically offering between 5% and 10%.

A significant portion of the 21 million BTCBSC tokens will be allocated to the stake pool.

Both BTCBSC tokens and Bitcoin are designed to remain available for an extended period—up to 120 years. This long-term approach suggests the project’s potential success and encourages token holders to retain their holdings, which can help maintain their value.

BTCBSC Presale Off to a Strong Start

The Bitcoin BSC presale began on September 5th and quickly gained attention on the Web3 platform, raising approximately $110,000 within two days. Bitcoin BSC has 6.15 million tokens available, with the remainder to be released later.

Welcome to #BitcoinBSC!🪙
The green BEP-20 version of #Bitcoin on BNB Smart Chain, taking you back to Bitcoin’s 2011 roots!
Stake $BTCBSC and earn rewards.
Don’t miss it – join the #Presale today!🚀
https://t.co/oM0YP8IlbV pic.twitter.com/vJjLltzQQG
— Bitcoinbsc (@Bitcoinbsctoken) September 5, 2023

Bitcoin BSC started with 4 million tokens priced at $0.99 each during the presale. If the presale proves highly successful and sells out rapidly, an additional 2.125 million tokens are in reserve, potentially increasing the total to $6.125 million.

The presale accounts for 29% of all available tokens, while the remaining 69% will be gradually unlocked over 120 years by staking. BTCBSC has also allocated 420,000 tokens (2%) for use on decentralized exchanges.

Investors and traders can access more information in the project’s whitepaper or by joining the Telegram group. To purchase the BTCBSC tokens, you can use BNB, USDT, or ETH on the Bitcoin BSC website.

Wall Street Memes – Next Big Crypto