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TONcoin Hits Record Transaction Volume Despite Market Volatility: Whales Remain Confident

The latest rise in transaction volume on the Toncoin (TON) network has created quite a stir in the cryptocurrency world, where it reached new heights and had people talking. Last week, the overall transaction volume hit a staggering 9.03 billion $TON, which was worth approximately $34.28 billion and going up. This was happening even as the price of TON was going up and down, and it's pretty clear that the "whales" who hold large amounts of $TON and $TUSD are very much involved with the TON ecosystem and making it work. https://twitter.com/intotheblock/status/1906653775491654141?t=ZnOXILashCFshS4bk5ivWg&s=19 This excellent book underscores both the rapid adoption of the Toncoin network and the continued confidence of major investors in Toncoin. While the market has been marked by wild price swings, major investors—"whales" in the crypto lingo—seem completely undeterred and are, in fact, making moves that would be […]

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TONCOIN PRICE ANALYSIS & PREDICTION (March 3) – TON Stays Above $3 Amid Low Volatility But Posted Minor Gains Today

Last week, TON went through a short consolidation after bouncing off the monthly low. But things have drastically changed this week as the crypto continued to show signs of weakness following a 7% weekly drop. Ton advanced bearish this week and continued to show signs of weakness as it sees a double-digit loss in the past weeks of trading. Interestingly, the $3 level held well on Friday due to a rejection and the price retraced briefly. The price remains weak on the day, but trading supply appears low at the time of writing. An increase in the supply level could cause more drops. Looking back from where it started to drop two months ago, the price looks overstretched on the daily timeframe. A drop off the monthly low would confirm a continuation and, at the same time, position the market […]

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