{"id":624719,"date":"2024-06-18T02:00:12","date_gmt":"2024-06-18T02:00:12","guid":{"rendered":"https:\/\/wncen.com\/?p=624719"},"modified":"2024-06-17T15:59:45","modified_gmt":"2024-06-17T15:59:45","slug":"toncoin-ton-hits-new-ath-is-10-the-next-stop","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/toncoin-ton-hits-new-ath-is-10-the-next-stop\/","title":{"rendered":"Toncoin (TON) Hits New ATH, Is $10 The Next Stop?"},"content":{"rendered":"

Toncoin (TON), the native token of The Open Network, has had one of the best performances this cycle. The token has hit a new all-time high (ATH) twice this Friday and flipped Ethereum\u2019s active users this week. Market watchers believe this breakout and recent performance could set the stage for a rally toward the $10 mark.<\/p>\n

Related Reading: Memecoin Fight: DADDY Surpasses MOTHER Despite Insider Trading Activity Allegations<\/a><\/div>\n

Toncoin Sets New $8 All-Time High<\/h2>\n

Crypto analyst Ali Martinez recently said Toncoin was on the verge of a major breakout. The analyst highlighted<\/a> the ascending triangle pattern on TON\u2019s chart and suggested the token was gearing up for a 40% breakout above the $10 price range.<\/p>\n

On Thursday night, the token successfully tested the $7.7 resistance level, surpassing its all-time high of $7.76. TON continued its uptrend in the following hours, briefly breaking above the $8 resistance level.<\/p>\n

After setting its new ATH, Toncoin retraced below the $8 mark. TON hovered between the $7.8 and $7.9 price range before restarting its rise to a second milestone in 24 hours.<\/p>\n

On Friday, the Telegram-integrated token soared<\/a> 5% to its new ATH of $8.15. This surge represents a 9% increase from the day before. Moreover, TON displays a 7.7% and 17.6% increase in the weekly and monthly timeframes.<\/p>\n

The crypto community praised Toncoin\u2019s performance, highlighting TON\u2019s green numbers amid the market slowdown. GeckoTerminal shared the list of the top 10 cryptocurrencies by market capitalization. Among the assets, TON is currently the only token with a positive performance in the \u201clast 7 days carnage.\u201d<\/p>\n

\"Toncoin,
Top 10 cryptocurrencies performance in the past week. Source: CoinGecko<\/a><\/figcaption><\/figure>\n

Is TON The New SOL?<\/h2>\n

Crypto analysts took notice of TON\u2019s recent performance, with many believing that a double-digit target for the summer is possible. The bullish sentiment toward TON has made several analysts, including Martinez and Daan Crypto, set their next target for the token above the $10 price range.<\/p>\n

Altcoin Sherpa said<\/a> the token remains one of the \u201cstrongest charts in crypto.\u201d The analyst had previously stated that TON\u2019s breakout was \u201cjust a matter of time.\u201d<\/p>\n

Similarly, some community members think Toncoin could be the new Solana (SOL). To some, the token\u2019s performance resembles SOL\u2019s in the previous cycle. Crypto trader ImNotTheWolf believes<\/a> \u201cTON will become the new SOL, in terms of gains potential.\u201d<\/p>\n

Another market watcher highlighted the token\u2019s strength amid the market. WiseAnalyse suggested TON is \u201cthe only strong chart out there\u201d because of its real-life use and adoption. As reported<\/a> by NewsBTC, Toncoin recently surpassed Ethereum (ETH) in daily active addresses. This feat was attributed to its integration with Telegram and its 900 million user base.<\/p>\n

\n
Related Reading: Solana Set To Soar? Analyst Predicts Over 50% Surge For SOL If This Key Support Holds<\/a><\/div>\n<\/div>\n

Unchained weighed in on the matter, stating<\/a> that The Open Network blockchain might be next Solana by \u201cvirtue of challenging historical smart contract leader, Ethereum.\u201d The report highlights TON\u2019s performance and the community’s optimism despite its gap with Solana:<\/p>\n

\n

While lagging behind Solana, TON\u2019s daily active addresses have exceeded Ethereum\u2019s figures every day except for one thus far in June. Some believe TON could close the distance in market cap with Solana.<\/p>\n<\/blockquote>\n

\"TONUSDT,
TON hits new ATH in the three-day chart. Source: TONUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Toncoin (TON), the native token of The Open Network, has had one of the best performances this cycle. The token has hit a new all-time high (ATH) twice this Friday and flipped Ethereum\u2019s active users this week. Market watchers believe this breakout and recent performance could set the stage for a rally toward the $10 mark. Related Reading: Memecoin Fight: DADDY Surpasses MOTHER Despite Insider Trading Activity Allegations Toncoin Sets New $8 All-Time High Crypto analyst Ali Martinez recently said Toncoin was on the verge of a major breakout. The analyst highlighted the ascending triangle pattern on TON\u2019s chart and suggested the token was gearing up for a 40% breakout above the $10 price range. On Thursday night, the token successfully tested the $7.7 resistance level, surpassing its all-time high of $7.76. TON continued its uptrend in the following hours, briefly breaking above the $8 resistance level. After setting its new ATH, Toncoin retraced below the $8 mark. TON hovered between the $7.8 and $7.9 price range before restarting its rise to a second milestone in 24 hours. On Friday, the Telegram-integrated token soared 5% to its new ATH of $8.15. This surge represents a 9% increase from the day before. Moreover, TON displays a 7.7% and 17.6% increase in the weekly and monthly timeframes. The crypto community praised Toncoin\u2019s performance, highlighting TON\u2019s green numbers amid the market slowdown. GeckoTerminal shared the list of the top 10 cryptocurrencies by market capitalization. Among the assets, TON is currently the only token with a positive performance in the \u201clast 7 days carnage.\u201d Is TON The New SOL? Crypto analysts took notice of TON\u2019s recent performance, with many believing that a double-digit target for the summer is possible. The bullish sentiment toward TON has made several analysts, including Martinez and Daan Crypto, set their next target for the token above the $10 price range. Altcoin Sherpa said the token remains one of the \u201cstrongest charts in crypto.\u201d The analyst had previously stated that TON\u2019s breakout was \u201cjust a matter of time.\u201d Similarly, some community members think Toncoin could be the new Solana (SOL). To some, the token\u2019s performance resembles SOL\u2019s in the previous cycle. Crypto trader ImNotTheWolf believes \u201cTON will become the new SOL, in terms of gains potential.\u201d Another market watcher highlighted the token\u2019s strength amid the market. WiseAnalyse suggested TON is \u201cthe only strong chart out there\u201d because of its real-life use and adoption. As reported by NewsBTC, Toncoin recently surpassed Ethereum (ETH) in daily active addresses. This feat was attributed to its integration with Telegram and its 900 million user base. Related Reading: Solana Set To Soar? Analyst Predicts Over 50% Surge For SOL If This Key Support Holds Unchained weighed in on the matter, stating that The Open Network blockchain might be next Solana by \u201cvirtue of challenging historical smart contract leader, Ethereum.\u201d The report highlights TON\u2019s performance and the community’s optimism despite its gap with Solana: While lagging behind Solana, TON\u2019s daily active addresses have exceeded Ethereum\u2019s figures every day except for one thus far in June. Some believe TON could close the distance in market cap with Solana. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":576603,"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":[26263,1946,86351,83626,4085,89448,12143,87378,87713,88282],"class_list":["post-624719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-analyst","tag-ethereum","tag-ethereum-active-addresses","tag-solana","tag-telegram","tag-the-open-network","tag-ton","tag-ton-price","tag-toncoin","tag-tonusdt"],"acf":[],"yoast_head":"\nToncoin (TON) Hits New ATH, Is $10 The Next Stop?<\/title>\n<meta name=\"description\" content=\"Toncoin (TON) hit a new all-time high on Friday after successfully breaking out and analysts forecast TON\u2019s next stop at $10.\" \/>\n<meta name=\"robots\" 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In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.","url":"https:\/\/wncen.com\/author\/rubmargarcia\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Toncoin (TON) Hits New ATH, Is $10 The Next Stop?","url":"http:\/\/wncen.com\/news\/toncoin-ton-hits-new-ath-is-10-the-next-stop\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/toncoin-ton-hits-new-ath-is-10-the-next-stop\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/denise-chan-i-EZGbJOMKQ-unsplash.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/denise-chan-i-EZGbJOMKQ-unsplash.jpeg?fit=1920%2C1440"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Rubmar Garcia"}],"creator":["Rubmar Garcia"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto analyst","ethereum","ethereum active addresses","solana","telegram","the open network","ton","ton price","toncoin","tonusdt"],"dateCreated":"2024-06-18T02:00:12Z","datePublished":"2024-06-18T02:00:12Z","dateModified":"2024-06-18T02:00:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Toncoin (TON) Hits New ATH, Is $10 The Next Stop?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/toncoin-ton-hits-new-ath-is-10-the-next-stop\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/toncoin-ton-hits-new-ath-is-10-the-next-stop\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/denise-chan-i-EZGbJOMKQ-unsplash.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/denise-chan-i-EZGbJOMKQ-unsplash.jpeg?fit=1920%2C1440\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Rubmar Garcia\"}],\"creator\":[\"Rubmar Garcia\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto analyst\",\"ethereum\",\"ethereum active addresses\",\"solana\",\"telegram\",\"the open network\",\"ton\",\"ton price\",\"toncoin\",\"tonusdt\"],\"dateCreated\":\"2024-06-18T02:00:12Z\",\"datePublished\":\"2024-06-18T02:00:12Z\",\"dateModified\":\"2024-06-18T02:00:12Z\"}<\/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\/2024\/02\/denise-chan-i-EZGbJOMKQ-unsplash.jpeg?fit=1920%2C1440","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/624719","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\/614"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=624719"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/624719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/576603"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=624719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=624719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=624719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}