{"id":551720,"date":"2023-09-18T08:50:47","date_gmt":"2023-09-18T08:50:47","guid":{"rendered":"https:\/\/wncen.com\/?p=551720"},"modified":"2023-09-18T08:23:30","modified_gmt":"2023-09-18T08:23:30","slug":"toncoin-shatters-bearish-predictions-with-40-rally-whats-the-story","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/toncoin-shatters-bearish-predictions-with-40-rally-whats-the-story\/","title":{"rendered":"Toncoin Shatters Bearish Predictions With 40% Rally &#8211; What&#8217;s The Story?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Toncoin (TON), in a surprising turn of events amidst a bearish market, has witnessed an extraordinary surge in its price value over the last seven days. Market indicators and metrics have overwhelmingly favored TON, painting a bullish picture for the cryptocurrency.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This unexpected rally was ignited by the breaking news of a partnership involving the renowned messaging app Telegram, further solidifying TON&#8217;s position as a preferred blockchain for Web3 infrastructure.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/cardano-can-bulls-hit-0-3-milestone\/\" target=\"_blank\" rel=\"noopener \">Cardano Analysis: How Much Energy Do ADA Bulls Have To Hit $0.3 Milestone?<\/a><\/div>\n<h2><strong>Endorsement Of Toncoin Fuels Bullish Momentum<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The catalyst behind TON&#8217;s remarkable surge was the official endorsement of the TON network by Telegram. This strategic partnership has positioned TON as the go-to blockchain solution for Telegram&#8217;s Web3 infrastructure. <\/span><\/p>\n<p><span style=\"font-weight: 400\">What&#8217;s particularly exciting is the seamless integration of Telegram&#8217;s user interface with the TON network, promising a synergy that could reshape the landscape of decentralized applications (DApps) and decentralized finance (DeFi).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Toncoin&#8217;s price action immediately reflected the positive sentiment following the Telegram partnership announcement. In a market where leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) had been struggling, TON stood out with a remarkable seven-day surge of 38.9%, showcasing its resilience and growth potential.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/elbtipsf\/\" width=\"2475\" height=\"1179\"><\/p>\n<pre style=\"text-align: center\">TON market cap at $8.1 billion on the daily chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">As of the latest data from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/toncoin\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, TON is currently valued at $2.34, demonstrating a robust performance even amidst a brief 2.6% decline over the past 24 hours. Coinglass reported a notable increase in TON&#8217;s open interest during this price uptick, suggesting that the bullish momentum may persist in the days to come.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Price analysis<\/span><span style=\"font-weight: 400\"> reports an uptick in TON&#8217;s open interest, signaling that the current bullish trend might persist in the coming days. Additionally, the cryptocurrency&#8217;s daily active addresses have surged significantly, suggesting increased user engagement and network activity. <\/span><\/p>\n<p><span style=\"font-weight: 400\">LunarCrush&#8217;s data adds another layer of optimism to the mix, as it highlights a substantial increase in TON&#8217;s trading volume \u2013 a classic bull signal.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-551733\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-61.png?resize=1024%2C342\" alt=\"\" width=\"1024\" height=\"342\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-61.png?w=1560 1560w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-61.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-61.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-61.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-61.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-61.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-61.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>&nbsp;<\/p>\n<pre style=\"text-align: center\">TON daily addresses climb. Source: LunarCrush<\/pre>\n<h2><strong>Navigating High Volatile Zone<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">As investors and traders keep a close eye on <\/span><a href=\"https:\/\/finbold.com\/xrp-and-btc-secure-non-security-status-in-us-investors-pile-into-ton-fil-roe\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Toncoin&#8217;s meteoric rise<\/span><\/a><span style=\"font-weight: 400\">, the Bollinger Bands indicate that TON&#8217;s price is firmly situated within a highly volatile zone. This volatility adds an element of excitement and potential opportunity for those looking to ride the wave of continued northbound price movement.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/algorand-algo-may-have-a-chance-at-a-bullish-streak-heres-how\/\" target=\"_blank\" rel=\"noopener \">Algorand (ALGO) May Have A Chance At A Bullish Streak \u2013 Here\u2019s How<\/a><\/div>\n<p><span style=\"font-weight: 400\">Toncoin&#8217;s recent surge stands as a testament to the power of strategic partnerships and the growing influence of Web3. With Telegram&#8217;s official endorsement, TON has not only garnered increased attention but also gained credibility as a blockchain infrastructure provider.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors and enthusiasts alike will undoubtedly be watching closely to see if this bullish momentum is here to stay.<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from Pinterest<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toncoin (TON), in a surprising turn of events amidst a bearish market, has witnessed an extraordinary surge in its price value over the last seven days. Market indicators and metrics have overwhelmingly favored TON, painting a bullish picture for the cryptocurrency.\u00a0 This unexpected rally was ignited by the breaking news of a partnership involving the renowned messaging app Telegram, further solidifying TON&#8217;s position as a preferred blockchain for Web3 infrastructure. Related Reading: Cardano Analysis: How Much Energy Do ADA Bulls Have To Hit $0.3 Milestone? Endorsement Of Toncoin Fuels Bullish Momentum The catalyst behind TON&#8217;s remarkable surge was the official endorsement of the TON network by Telegram. This strategic partnership has positioned TON as the go-to blockchain solution for Telegram&#8217;s Web3 infrastructure. What&#8217;s particularly exciting is the seamless integration of Telegram&#8217;s user interface with the TON network, promising a synergy that could reshape the landscape of decentralized applications (DApps) and decentralized finance (DeFi). Toncoin&#8217;s price action immediately reflected the positive sentiment following the Telegram partnership announcement. In a market where leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) had been struggling, TON stood out with a remarkable seven-day surge of 38.9%, showcasing its resilience and growth potential. TON market cap at $8.1 billion on the daily chart: TradingView.com As of the latest data from CoinGecko, TON is currently valued at $2.34, demonstrating a robust performance even amidst a brief 2.6% decline over the past 24 hours. Coinglass reported a notable increase in TON&#8217;s open interest during this price uptick, suggesting that the bullish momentum may persist in the days to come. Price analysis reports an uptick in TON&#8217;s open interest, signaling that the current bullish trend might persist in the coming days. Additionally, the cryptocurrency&#8217;s daily active addresses have surged significantly, suggesting increased user engagement and network activity. LunarCrush&#8217;s data adds another layer of optimism to the mix, as it highlights a substantial increase in TON&#8217;s trading volume \u2013 a classic bull signal. &nbsp; TON daily addresses climb. Source: LunarCrush Navigating High Volatile Zone As investors and traders keep a close eye on Toncoin&#8217;s meteoric rise, the Bollinger Bands indicate that TON&#8217;s price is firmly situated within a highly volatile zone. This volatility adds an element of excitement and potential opportunity for those looking to ride the wave of continued northbound price movement. Related Reading: Algorand (ALGO) May Have A Chance At A Bullish Streak \u2013 Here\u2019s How Toncoin&#8217;s recent surge stands as a testament to the power of strategic partnerships and the growing influence of Web3. With Telegram&#8217;s official endorsement, TON has not only garnered increased attention but also gained credibility as a blockchain infrastructure provider.\u00a0 Investors and enthusiasts alike will undoubtedly be watching closely to see if this bullish momentum is here to stay. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Pinterest<\/p>\n","protected":false},"author":557,"featured_media":551736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1144,8686,4735,87378,87713],"class_list":["post-551720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-btcusd","tag-ethusd","tag-price-action","tag-ton-price","tag-toncoin"],"acf":[],"yoast_head":"\n<title>Toncoin Shatters Bearish Predictions With 40% Rally<\/title>\n<meta name=\"description\" content=\"Toncoin (TON), in a surprising turn of events amidst a bearish market, has witnessed an extraordinary surge in its price value over the last seven days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/toncoin-shatters-bearish-predictions-with-40-rally-whats-the-story\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Toncoin Shatters Bearish Predictions With 40% Rally\" \/>\n<meta property=\"og:description\" content=\"Toncoin (TON), in a surprising turn of events amidst a bearish market, has witnessed an extraordinary surge in its price value over the last seven days.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/toncoin-shatters-bearish-predictions-with-40-rally-whats-the-story\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-18T08:50:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-18T08:23:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-62.png?fit=538%2C352\" \/>\n\t<meta property=\"og:image:width\" content=\"538\" \/>\n\t<meta property=\"og:image:height\" content=\"352\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/toncoin-shatters-bearish-predictions-with-40-rally-whats-the-story\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/toncoin-shatters-bearish-predictions-with-40-rally-whats-the-story\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Toncoin Shatters Bearish Predictions With 40% Rally &#8211; 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Toncoin Shatters Bearish Predictions With 40% Rally &#8211; What&#8217;s The Story?","url":"http:\/\/wncen.com\/news\/toncoin-shatters-bearish-predictions-with-40-rally-whats-the-story\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/toncoin-shatters-bearish-predictions-with-40-rally-whats-the-story\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-62.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-62.png?fit=538%2C352"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","btcusd","ethusd","price action","ton price","toncoin"],"dateCreated":"2023-09-18T08:50:47Z","datePublished":"2023-09-18T08:50:47Z","dateModified":"2023-09-18T08:50:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Toncoin Shatters Bearish Predictions With 40% Rally &#8211; What&#8217;s The Story?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/toncoin-shatters-bearish-predictions-with-40-rally-whats-the-story\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/toncoin-shatters-bearish-predictions-with-40-rally-whats-the-story\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/a-62.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/a-62.png?fit=538%2C352\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"btcusd\",\"ethusd\",\"price action\",\"ton price\",\"toncoin\"],\"dateCreated\":\"2023-09-18T08:50:47Z\",\"datePublished\":\"2023-09-18T08:50:47Z\",\"dateModified\":\"2023-09-18T08:50:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-62.png?fit=538%2C352","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/551720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=551720"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/551720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/551736"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=551720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=551720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=551720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}