Is Toncoin the Next Solana TON Price Approaches Record High as New Meme Coin Raises 5000000

Is Toncoin Poised to Be the Next Solana? TON Price Approaches Record High as New Meme Coin Secures $5,000,000


By Sam Cooling
Last updated:
June 24, 2024 13:14 EDT
|
2 min read


Despite the Q2 market dip, Telegram crypto is defying the odds, with Toncoin (TON) leading the charge. This surge has sparked discussions among investors, wondering if Toncoin could be the next Solana.
This article will analyze TON’s current price trends and explore whether an innovative new Solana meme coin called PlayDoge presents a more promising investment opportunity at this time.
Emerging as a crypto market favorite hodl for Q2, Toncoin is positioned for significant growth in the coming year due to its strong ties with the popular social messaging platform Telegram.
New users can easily join the TON ecosystem, as wallets can be opened with one click through Telegram, similar to Base Chain’s Coinbase smart wallet onboarding plans.


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DefiLlama
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TON Price Analysis: As TON Price Continues to Defy Q2 Dip – How Long Will Show of Strength Last?
Despite the current market price of $7.18 (a 24-hour change of -4.26%), TON continues to demonstrate strength. It remains poised in a bullish pendant flag structure, with a clear patterned trading channel indicating TON’s upward price trajectory in the weeks to come.
In the past week, TON has established a strong support level above $6.88, showcasing a remarkable defense by TON holders amidst a wider market downturn fueled by desperate miner selling.


The next bounce is expected to target the topside of the current upside trading change, with attention on topside resistance at $7.78.
Additionally, the ongoing consolidation above $6.88 has improved the bullish outlook in the short-term, with the RSI indicator showing a bullish divergence at 50.57.
While TON holders aim for a +15% move to $7.78, early investors in the $5M PlayDoge presale are set to potentially reap even bigger gains.
Early Bird Investors on Track for Big Wins in The $5M PlayDoge Presale (Don’t Miss Out!)
The Playdoge (PLAY) presale is making waves in the GameFi space as investors flock to what is rapidly becoming the fastest-growing crypto presale in the Q2 market.
Designed to tap into the ongoing nostalgia wave, PlayDoge can be considered the first real digital Tamagotchi for Web3. Themed with the beloved crypto mascot DOGE, this game allows players to adopt their own little 2D fren, participating in an ecosystem centered around play-2-earn tokenomics driven by the quest for NFT upgrades and items.
This concept has resonated with smart money investors, as the PLAY presale has raised over $5,000,000 in the past few weeks.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.