• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
toncoin

Toncoin (TON) Continues To Mark Higher Gains, Big Move Coming?

Alyz by Alyz
4 months ago
in Toncoin (TON)
Reading Time: 3 mins read
Advertisement

Toncoin has defied the entire crypto market sentiment as its value continues to trend higher. As per CoinMarketCap data, the native token of the TON blockchain has kept over 20% gain in the last seven days. The token has experienced extreme volatility in the last 24 hours, though. And it’s not just on the last day alone. 

Earlier this week, popular hardware wallet, SafePal announced support for the TON blockchain and its native currency, TON. According to the blog post on its official website, the hardware wallet provider will include Toncoin in its list of supported cryptocurrencies before 2022 ends. This means users can now safely store their cryptocurrency holdings using the SafePal device.

Related Reading: OKB Token Records Higher Gains Amidst Crypto Market Volatility

The TON community has also been bullish following the launch of Telegram’s username auction service. So far, users have shown great interest in buying names like ‘alfa,’ ‘dogecoin,’ and ‘amazon.’ The auction service was launched by the company earlier this month. It allows users to buy or sell unique TON-based usernames.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

SafePal To Support Toncoin By The End Of 2022, Token Rises Then Dumps

 SafePal announced plans to add support for the TON Blockchain’s native currency, Toncoin, by the end of 2022. The announcement was made on November 17th on its official Twitter page and website. According to the post, SafePal will be the first cold wallet to support the native token. It also mentioned that it’d provide offline storage for the token. In addition to this, SafePal said that it would enable users to send and receive Toncoins from any other wallet.

The integration was prompted by the recent interest in the TON Blockchain. As per the blog post, the integration will also be implemented on SafePal’s software wallet offering. However, they didn’t specify a date when the feature would be available. It only mentioned that it’d be rolled out before the end of Q4 2022.

After the November 17th announcement, Toncoin’s price started surging. It rose by almost 8%, from $1.69 to $1.82, before retracting for the day. However, the surge didn’t last well enough the following day as it saw a price drop. Luckily, the drop wasn’t severe, and the token still bounced back to continue its rally. 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
TONUSD
Toncoin’s price is currently trading at $1.42. | Source: TONUSD price chart from TradingView.com

Toncoin Analysis – Where The Token Is Headed

Despite fluctuating between highs and lows at press time, the TON token has continued to rise steadily since this week started. The overall crypto market sentiment has been bearish, but the TON token has bucked the trend. It’s currently trading at around $1.78, up by over 11% in the past 7 days. 

Related Reading: This Crypto Venture Capital Loses Almost $1B On FTX, When Will This FTX Fiasco End?

However, the token hasn’t faired too well in terms of the trading volume. In the last 24 hours, activities have slowed down by over 50%. While this isn’t alarming, it does indicate that traders might be slowing down on the Telegram username auctions. But this hasn’t stopped the token’s price from rising. In the coming days, it’s yet to be seen if the token will sustain its current momentum.

Featured image from Pixabay and chart from TradingView.com
Tags: cryptocurrencyTON analysisTon priceToncoin (TON)TONUSD
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Alyz

Alyz

Alyz is a passionate freelance writer and journalist.

Related Posts

TON

Toncoin (TON) Sees Positive Moves While Top Coins Land In Red

7 days ago
TON

Toncoin (TON) Continues Surging Higher: Would It Test $3?

2 weeks ago
Toncoin

Toncoin (TON) Sees Positive Movement As Top Coins Suffer Downtrend

2 weeks ago
Toncoin

Toncoin (TON) Leads Market Gains With Over 27% In A Week

3 months ago
TON

Toncoin (TON) Leads Top Gainers In Last 7 Days

4 months ago
TON

Toncoin (TON) Continues To Shine With 13% Week-On-Week Gains

4 months ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

5 Best New Cryptocurrencies March 2023

March 16, 2023

The Sandbox (SAND) Announces New Partnership, Orbeon Protocol (ORBN) Presale Price Surges And HEX (HEX) Shows Green

March 16, 2023

Cryptocurrencies Price Prediction: Solana (SOL), Aptos (APT) & TMS Network (TMSN)

March 16, 2023

Crypto Price Prediction: Shiba Inu (SHIB) And Aptos (APT) Investors Moving Funds to TMS Network (TMSN) As They See It As More Profitable

March 16, 2023

Metropoly Pushing Boundaries of Real Estate Investment Beyond Propy and LA Token

March 16, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.