Toncoin Soars Above $8 Amid Bearish Crypto Market, Poised For Further Breakout
Amidst a generally bearish crypto market trend, the value of Toncoin (TON) has surged past the $8 mark, reaching an all-time high of $8.12 and achieving a market cap exceeding $19.2 billion.
According to analyst Ali Martinez on X, Toncoin is preparing for a potential 40% breakout, targeting an impressive $11. However, the TD Sequential indicator suggests that TON might experience a brief dip to $7.2 to gather liquidity before continuing its upward trajectory.
#Toncoin is gearing up for a potential 40% breakout, aiming for $11! However, the TD Sequential indicator suggests $TON might briefly dip to $7.2 to gather liquidity before the upswing. pic.twitter.com/jMoZ1ugEga
— Ali (@ali_charts) June 13, 2024
Ton Blockchain Host New Milestone In Over $500 Million In TVLThe Ton Blockchain has recently reached a significant milestone, hitting $500 million in Total Value Locked (TVL). This marks a substantial increase from $22.9 million in March 2024 to more than half a billion today, representing an astonishing growth of over 2,000%.
The TVL on Ton Blockchain now rivals the GDP of a small country, reflecting the extensive use of TON across various applications.
BREAKING: $500M Total Value Locked (TVL)