Ethereum

Value

Toncoin

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/toncoin-gains-attention-with-significant-price-increase/" data-wpel-link="internal">Toncoin Gains Attention with Significant Price Increase</a><br></p>
<p style="text-align: justify">Toncoin is among the cryptocurrencies that have made a significant impact recently. This period even carried it into the top 10 cryptocurrencies by volume. After the price rose to $7.78, there was a slight pullback. As of the time of writing, the TON price stands at $7.57 after a 3.21% increase in the last 24 hours. TON’s market cap has surpassed $18.4 billion, while its trading volume is at $456 million after a 24% increase. So, what’s happening with TON?</p> 
<h2 style="text-align: justify" id="why-is-ton-price-rising">Why is TON Price Rising?</h2> 
<p style="text-align: justify">Despite the decline in Bitcoin, some altcoins are coming to the forefront. Toncoin is among these cryptocurrencies and has risen along with many altcoins following <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">the announcement</a> of the Consumer Price Index (CPI). Despite the Federal Reserve’s announcement of keeping <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rates</a> unchanged, there was no decline in TON’s price.</p> 
<p style="text-align: justify">Additionally, Toncoin surpassed <a href="https://en.coin-turk.com/ethereum-sees-surge-in-transactions-despite-nft-and-defi-declines/" data-wpel-link="internal">Ethereum</a> in daily active users, drawing significant attention. It is also worth noting that Telegram, with approximately 900 million active users, supports TON, leading to significant trading volume fluctuations and price increases.</p> 
<p style="text-align: justify">TON’s Total Value Locked (TVL) is at $1 billion, and the number of Toncoin wallets has risen from 1.28 million to 8 million. This indicates increased demand among those who trust and invest in the project.</p> 
<h2 style="text-align: justify" id="will-ton-price-continue-to-rise">Will TON Price Continue to Rise?</h2> 
<p style="text-align: justify">TON’s price has been rising for over 24 hours. Noted analyst Ali Martinez predicts that Toncoin’s price could increase by 40%, potentially reaching $11.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-362173" src="https://coin-turk.com/wp-content/uploads/2024/06/martinez-btc-coin-turk-com-1.png" alt="" width="710" height="593"></p> 
<p style="text-align: justify">Many market participants also believe in Andrew Kang’s words:</p> 
<blockquote> 
 <p>TON seems to be one of the biggest growth stories of this period.</p> 
</blockquote> 
<p style="text-align: justify">With all these developments, TON’s price is only 2.76% away from its ATH level of $7.78 and could surpass this level with a new upward price movement potentially initiated by BTC.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/toncoin-gains-attention-with-significant-price-increase/" data-wpel-link="internal">Toncoin Gains Attention with Significant Price Increase</a></h5>

Toncoin Gains Attention with Significant Price Increase

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