Toncoin (TON) price, the cryptocurrency associated with Telegram, has recently shown a promising upward trend. The asset has been trading near key support levels, showcasing stability and sparking speculations of potential further increases. Market speculators are keenly watching as Toncoin aims for a $10 milestone following the Hamster Kombat Airdrop event.
Toncoin Price Poised for Surge Amid Airdrop
Toncoin is gearing up for a significant test of its network’s capacity. A rigorous load test will commence at 10:00 UTC on September 26. This event aligns with the Hamster Kombat project, which plans to issue tokens. Notably, Hamster Kombat boasts over 100 million monthly users.
The TON official said that the TON blockchain will face a large-scale load test starting at 10:00 (UTC) on September 26. The Hamster Kombat will mint tokens on the blockchain and has more than 100 million monthly active users. Previously, the issuance of DOGS caused the TON…
— Wu Blockchain (@WuBlockchain) September 26, 2024
Previously, when the DOGS tokens were released, the TON blockchain suffered prolonged downtime. The current focus within the Telegram community on forthcoming airdrops could elevate Toncoin’s value. Another critical event, the Hamster Kombat airdrop, is scheduled for September 26.
Since the beginning of September, Toncoin’s price has increased. While this uptick has been modest compared to the broader crypto market, interest is heightening. The upcoming Hamster Kombat airdrop has sparked further enthusiasm among investors and users, pointing to a potentially active period for the blockchain.
The Toncoin price is showing positive movements, indicating an upward trend. At the time of writing, the TON price is trading at $5.82, up by 3.20% in the past day. Today’s market activity saw the price hitting a low of $5.57 and a high of $5.82. Currently, the price stands significantly lower than its all-time high of $8.24, recorded three months ago on June 15, 2024.
Most of the crypto market today shows a slight gain. The top altcoins are trading in a mixed pattern, with some posting modest increases while others face minor declines, reflecting a varied investor sentiment across different asset classes. The Bitcoin price is hovering above the $63,800 level, maintaining its resilience amidst market fluctuations.
Toncoin Poised for Potential Breakthrough
The daily technical indicators for the Toncoin price show a notable trend. The Chaikin Money Flow (CMF) indicator sits at 0.25, suggesting a robust inflow of money into the market, generally indicating buying pressure.
This positive sentiment is mirrored by the performance of the Awesome Oscillator (AO), which has transitioned from red to green bars, signaling increasing momentum in the market.
Toncoin may soon breach the $6 barrier if its bullish trend gains more traction. The market is witnessing a spike in investor interest, fueled by optimistic developments. A recent airdrop linked to Telegram has amplified this enthusiasm.
If this upward trajectory persists, Toncoin might aim for the $10 mark, representing a 71% increase. This potential rise indicates a promising future for the altcoin in a favorable market environment.
Frequently Asked Questions (FAQs)
Toncoin’s all-time high was $8.24, recorded three months ago.
From its current price, Toncoin would need to rise by approximately 71% to reach $10.
During the DOGS token release, the TON blockchain experienced prolonged downtime, indicating challenges in handling large-scale operations.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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