Cardano

bullish

Rally

DeFi

Toncoin

<ul class="wp-block-list">
 <li>Toncoin has shown an additional price increase of 5.48% in the past day.&nbsp;</li>
 <li>The altcoin’s daily trading volume has dipped by 2.33% as per CMC data.</li>
</ul>
In the past day much to investors’ joy two prominent market experts advocated for Bitcoin’s bullish movements. Cardano founder, Charles Hoskinson, has predicted that Bitcoin DeFi would show huge dominance within a span of 3 years. Another prominent personality, the author of “Rich Dad Poor Dad”, Robert Kiyosaki made a statement warning people to “not be left behind” and buy Bitcoin before it hits $100K.&nbsp;
Meanwhile, the altcoin sector continues to exhibit bullish signs as AltSeason extends its influence over the market. One particular altcoin, TON, has remained bullish over the last 30 days. This bullish trend has resulted in the token surging 38.97% in November.&nbsp;
In the last 24 hours, Toncoin factored in an additional 5.48% price increase. This has caused the cryptocurrency to hit a 98-day high of $6.69. Moreover, the cryptocurrency’s daily chart depicts a steady price increase beginning at $6.4 and reaching current trading levels. At the time of writing, TON was trading at $6.85 as per CMC <a href="https://coinmarketcap.com/currencies/toncoin/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
Zooming out, over the past week, the altcoin surged 18.44% adding to the optimistic monthly performance. If TON sustains its bullish momentum, it might inch closer to its ATH at $8.24. Meanwhile, the TON ecosystem has made several advancements in the past few months.&nbsp;
<h3 class="wp-block-heading" id="h-will-toncoin-ton-stay-bullish-in-december-nbsp">Will Toncoin (TON) Stay Bullish in December?&nbsp;</h3>
With 2024’s Q3 approaching an end, it has led to anticipations about price actions. On inferring Ton’s previous price movements, it can be observed that it traces an ascending channel pattern. An ascending channel pattern suggests a bullish trend and further upward movements.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeX8yBjgPQWxv8ApG6cYPUgczm-iSZFAL4OVJ5XoKMLBmYzzJlu0ziBAzUhRcVt6QlRNGUaQACVSfClLRVtiuWtZ9yXgzmnZBk7FmMeLP4TDRHslPcbWAXN8MVRkBFPH7QhMT5TAA?key=iXHahCM7cm0xTCpFbz--i-I_" alt="">
 <figcaption class="wp-element-caption">TON/USDT Daily Price Chart (Source: <a href="https://www.tradingview.com/symbols/TONUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Additionally, the altcoin’s Moving Average Convergence Divergence (MACD) signal line ranges above the MACD line as per TradingView <a href="https://www.tradingview.com/symbols/TONUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">data</a>. This further highlights the positive momentum. TON’s RSI standing at 74.48 indicates an overbought market situation revealing the heightened interest among investors.&nbsp;
Furthermore, TON’s recent project, the TON Teleport BTC also recently <a href="https://thenewscrypto.com/ton-teleport-btc-whitepaper-goes-public-ahead-of-mainnet-launch/" target="_blank" rel="noopener noreferrer nofollow">released</a> its white paper to the community. Furthermore, the blockchain is also building its own <a href="https://thenewscrypto.com/hot-labs-secures-500k-ton-foundation-grant-to-build-ton-memecoin-platform/" target="_blank" rel="noopener noreferrer nofollow">memecoin platform</a> as per reports.&nbsp;
Highlighted Crypto News Today:&nbsp;
<a href="https://thenewscrypto.com/is-flare-flr-poised-for-more-gains-after-an-18-rally/" target="_blank" rel="noopener noreferrer nofollow">Is Flare (FLR) Poised for More Gains After an 18% Rally?</a>

Toncoin (TON) Sustains Bullish Rally with 38% Surge This Month

Table of Contents

TheNewsCrypto

Other articles published on Nov 30, 2024

Experts Predict Bitcoin’s Value Will Rise Following Recent Corrections

Ethereum EIP-7691 Update Targets Improved L2 Transaction Cost

Binance Senior Executive Speaks About Memecoins Following Recent Surge of Listings

Why Ignoring Meme Coins Is Keeping You From Becoming a Millionaire This Bull Run!

Qubetics Wallet Becomes The Best Crypto to Buy Now As It Gains Momentum While Avalanche and Litec...

Ethereum Price: Funding Rate Teases Bullish Momentum, What Next?

Join our free newsletter for daily crypto updates!