$1
Billion Stablecoin
on TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton Readies Toncoin
Price for Possible $8 Return
Toncoin (TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton) and The Open Network• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн are back in the spotlight, this
time for positive reasons unrelated to an outage or price correction.
On Sunday, September 15, the value of the USDT stablecoin issued on TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton
surpassed $1 billion for the first time. While Toncoin’s price has yet to
respond to this development, the increased liquidity could serve as a catalyst
for the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта to reach new highs. This analysis explores how the
surge in liquidity might boost TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton s market performance.
Toncoin Attracts More Liquidity
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According to Token Terminal, the USDT issued by Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether on TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton was under $800
million on August 31. The surge to $1.03 billion as of now signals growing
interest in Toncoin.
BeInCrypto s findings suggest that this influx of capital into the
ecosystem could provide a boost to the Telegram-native cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
Increased stablecoin volume could lead to higher user engagement on TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton, and
as user activity rises, demand for Toncoin could follow , potentially driving
its price up.
This milestone might even give the altcoin a chance to push back toward its
all-time high of $8.24.
Read more: 10 Best Altcoin Exchanges In 2024
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USDT Issued on TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton. Source: Token Terminal
Currently, Toncoin is priced at $5.55, down 32% from its June peak. However,
on-chain data from Santiment shows a notable rise in the Mean Dollar Invested
Age (MDIA), a time-weighted metric that tracks the average age of each dollar
invested in a coin.
A declining MDIA often signals that dormant addresses are becoming active and
moving large amounts, typically supporting a short-term price upswing.
However, the recent surge in MDIA indicates investments are becoming more
stagnant, which could hinder Toncoin s short-term price growth. Despite
this, Toncoin has a strong chance of seeing a significant rally in the
mid-term. Toncoin Mean Dollar Invested Age. Source: Santiment
TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton Price Prediction: Time to Retest June Peaks
On the daily chart, BeInCrypto noted that Toncoin has strong support at $5.20,
which helped push the token s price above the 20-day Exponential Moving
Average (EMA). The EMA measures trend direction, and when the price rises
above it, it signals a bullish trend. Historically, this setup played a key
role in Toncoin’s run above $8 in June.
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Currently, Toncoin faces resistance at $6 , a key supply zone. However, if
demand continues to grow, TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton could surpass this level, potentially rallying
to $8.32 by the fourth quarter of this year.
Read more: 6 Best Toncoin (TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton) Wallets in 2024 Toncoin Daily Analysis.
Source: TradingView
On the contrary, a reversal might occur if TON• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ton fails to breach $6. In that
scenario, the price might tumble to $5.09.
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informational purposes only and should not be considered financial or
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