Toncoin price has risen by 9% in the past 24 hours to $7.04 as of 3:42 AM EST. Meanwhile, the coin surged to a new all-time high of $7.63, surpassing Dogecoin (DOGE) to become the eighth-largest cryptocurrency by market cap. The coin now has a market cap of $24.7 billion, while DOGE has risen by 5% in the past 24 hours to a market cap of $23.8 billion.
Toncoin’s price has experienced a significant upswing since March, emerging from a consolidation phase of around $2.00. On April 8, TON experienced a stunning upswing, reaching a new all-time high of $7.63.
Despite the recent flash crash in the cryptocurrency market that caused TON to retrace to the $5.2 support level, the bulls used this support to pull the price back inside a bullish triangle, aiming to break out of its upper boundary. As TON is trading well above the 50-day and 200-day moving averages, this confirms the potential for further upside for the coin.
Moreover, the Relative Strength Index (RSI) is trending up and crossing the 50 midline level and approaching the 70 overbought zone, indicating increasing buying pressure. If the bullish momentum persists, the RSI may rise further to the overbought zone, indicating strong buying activity.
Toncoin Price Prediction
Toncoin’s bullish momentum remains strong with the price moving up to the triangle upper area, with bulls targeting new highs above $8.00.
The rising RSI and golden cross at $2.13 supported the bullish sentiment, encouraging optimistic investors to venture into the coin, pushing the price further up.
However, if the bears take control of the price, the bulls are likely to find support at $5.14, which coincides with the 200-day simple moving average.
In the meantime, since Toncoin’s market cap exceeds that of Dogecoin, you might want to buy $DOGEVERSE, a Dogecoin derivative that analysts say could surge 1,000x after its launch.
Dogeverse presale exceeds $4.7 million in one week - the next 1000x opportunity?
Dogeverse (DOGEVERSE) is expected to be the first DOGE meme token to run on a multi-chain framework. The network covers six major chains: Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.
The project aims to create an interconnected ecosystem for dog lovers that provides community engagement, rewards, and creative expression.
This exciting approach has attracted a lot of attention from the community, with over $4.7 million already flowing into the ICO within a week.
Holders can stake tokens and earn passive income. Currently, the platform offers an annualized yield (APY) of 219%, and 7.5 billion $DOGEVERSE tokens have been staked.
Cryptonews, a cryptocurrency YouTube channel, listed $DOGEVERSE as a project that could surge 1,000 times after its launch.
If you are interested, you can participate in the presale at $0.000295 per token. If interested, buy it as soon as possible, because the later price increase will come in a little more than a day, and if the scene sells out faster, it will be earlier.
To participate in the presale, you can purchase $DOGEVERSE using ETH, USDT or bank card here.
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