Toncoin Surges 18% as Market Bounces; Traders Back New Token To Pump Next

The post Toncoin Surges 18% as Market Bounces; Traders Back New Token To Pump Next appeared first on Coinpedia Fintech News

The crypto market has recovered today after a brief selloff, but Telegram-based Toncoin has enjoyed outsized success, pumping 18%. 

Meanwhile, traders are backing the emerging presale 99Bitcoins token to outperform the market as it raises $500K in its opening days.

TON Price Jumps as Ecosystem Thrives

Toncoin’s position on the prominent Telegram app carves a unique narrative in the cryptocurrency market, intertwining its momentum with Telegram’s success.

The social media application’s founder, Pavel Durov, appeared in an interview with American journalist Tucker Carlson on Thursday. Pavel made several profound statements on Telegram’s future.

However, one exciting revelation came from Tucker Carlson, who announced he would create his own Telegram channel. This reflects the growing excitement surrounding the application and has sparked interest in Toncoin.

Toncoin integrates seamlessly into Telegram, empowering the platform’s 900 million users able to interact with blockchain dApps and tokens.

Adding to the excitement, the Toncoin team recently teased a new announcement and followed up with a tweet saying, “Crypto’s first real-world utility.”

Currently, Toncoin is trading at $6.94, up 18% today and 79% this month. It holds a $24 billion market cap and a $566 million 24-hour trading volume, up 39%.

TradingView analyst GroomAbraham anticipates an uptrend continuation for TON based on its current price.

He highlights a support zone at $5.7 and predicts Toncoin will push toward $7.6 in the coming days.

Meanwhile, Itsparham96 adopts a longer-term outlook, speculating TON may advance toward $15.

The analyst underscores Toncoin’s impressive recent performance and praises its increasing trading volume.

“The trading volume has surged significantly, indicating robust market activity without any apparent signs of weakness,” he wrote.

However, due to its recent strong performance, the analyst also says, “It’s crucial to exercise patience and avoid FOMO.”

He continued, “Wait for the market to either consolidate or undergo a corrective phase before considering entry based on your established strategy.”

But while Toncoin has already experienced significant price appreciation in recent months, analysts predict the new presale 99Bitcoins token could be next to explode after raising $500K.

Will 99Bitcoins Token Explode Next After Raising $500K?

Market participants seeking a new token with outsized potential will be pleased to learn about the 99Bitcoins token.

The new cryptocurrency was launched by the well-established 99Bitcoins media outlet which boasts a news site, a 700K subscriber YouTube channel, and a 2.8 million subscriber email list.

Its broad distribution network has ignited near-instant momentum for $99BTC, which will power its recently announced Learn-to-Earn platform.

As per its website, the Learn-to-Earn platform will “reward individuals for learning about cryptocurrency.”

The 99Bitcoins token will initially launch as an ERC-20 token but then migrate to Bitcon’s BRC20 token standard.

$99BTC boasts innate utility within the ecosystem, likely translating to immense demand.

Holders will benefit from interactive crypto learning, token rewards, trading signals, BRC20 education and tools, VIP community groups, staking, and the potential for price appreciation from the Bitcoin halving.

Jacob Bury speculated the 99Bitcoins token presale holds 10x potential, suggesting that presale investors could “flip $1K into $10K.”

Investors can buy 99Bitcoins token for $0.00101, but this will increase throughout the campaign.

The next uptick will occur in four days or when the total raise hits $1.1 million. As such, those looking to secure the most upside potential should not wait around.

Visit 99Bitcoins Presale