Telegram’s Toncoin (TON) is on the rise despite a market crash, drawing attention to an emerging coin in the crypto space.
In the midst of a recent market decline, Telegram-based crypto projects are proving to be resilient in Q2. Toncoin (TON) is particularly noteworthy, with a 16.2% increase in value month-on-month.
This article will delve into the current price trends of TON and assess whether the innovative meme coin, PlayDoge, presents a more promising investment opportunity.
The recent price action of TON has sparked debate among retail traders regarding the short-term outlook for Toncoin. While some are cautious about a potential retracement and price correction, the strong buy pressure suggests that TON is benefiting greatly from its integration with Telegram, allowing new users to easily access Toncoin wallets directly through the app.
Furthermore, hopes are high for a potential listing on Binance CEX, which has been long-awaited by holders and seems likely given the token’s current market position.
The current market price of Toncoin stands at $7.77, with a 24-hour change of -2.06%. Despite a drop of -6.35%, TON has shown resilience after attempting a breakout move last Friday.
As the price consolidates between support at $7.16 and resistance at $7.78, the RSI indicator suggests that upside momentum is likely to continue, especially with the strong demand for Telegram crypto during the ‘Ton Summer’ period.
For those looking for bigger rewards in the coming weeks, the PlayDoge presale presents an exciting opportunity. This viral GameFi project, reminiscent of the 90s Tamagotchis, has raised over $4,622,074 at a pre-listing price of $0.00509. This early investment opportunity has garnered significant interest from retail investors seeking to capitalize on potential gains in the volatile crypto market.
As presales offer lucrative opportunities to shield capital from market volatility and unlock hidden gains, PlayDoge could be the next big opportunity for investors looking to get in early and maximize their returns in the evolving crypto landscape.