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Can Toncoin Reach $10 This June?
Toncoin, one of the leading crypto tokens, has always charted a unique price trajectory for itself. According to CoinMarketcap, Ton Token recently upended Cardano to enter the top 10 of the cryptocurrency realm, knocking ADA out of the race to reach the coveted ninth position on the roster.
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Toncoin: what makes it unique
Source: Bitcoinist
Toncoin describes itself as a blockchain that is an open source entity, boasting the support of numerous contributors, including the Swiss NGO The Ton Foundation.
One of Toncoin’s most notable achievements in terms of price would be the token’s integration with Telegram, the instant messaging app on Android. Telegram recently expanded that partnership by including Toncoin in its revenue advertising offerexpanding Toncoin’s usefulness to a whole new level.
“To make this possible, we are introducing a new ad type, which users can purchase with Toncoins, a cryptocurrency powered by the TON Blockchain. We chose TON Blockchain because it has low fees, fast transaction speeds and holds a record for the number of transactions it can process per second.”
The token has often been publicly supported by Telegram CEO Pavel Durov, which has significantly contributed to helping Ton reach new price highs.
Ton Price Predictions: Is the $10 on Cards Worth Ton This June?
Second CoinCodex, Toncoin aims for a spectacular price rally in June. The token is currently trading at the $6 price level. According to CC, the token can easily surpass past critical price levels to trade at a new high in June.
The platform also expects the token to rise by 40% to reach the $9 price mark by June 5, 2024.
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“The Toncoin price prediction for the next 30 days is a projection based on positive and negative trends. Based on these, TON will change hands at $9.59 on June 5, 2024, gaining 48.29% in the process.
Likewise, by June 28, 2024, Toncoin is expected to rise 200% to trade at the $21 price level.
“According to our current Toncoin price prediction. TToncoin price is expected to increase by 226.84% and reach $21.13 by June 28, 2024. According to our technical indicators, the current sentiment is bullish. While the Fear & Greed index shows 72 (greed). Toncoin has recorded 16/30 (53%) green days with a price volatility of 9.61% over the last 30 days.