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The Toncoin price surged 8% in the last 24 hours to trade at $7.525 as of 03:33 a.m. EST on trading volume that skyrocketed 112% to $680 million.
This comes as Telegram’s The Open Network (TON) blockchain recorded more daily active users than Ethereum nearly every day this month. That’s attributed to Telegram’s 900 million user base, which Delphi Digital says is a factor that Crypto Twitter ignores.
The Flippening CT ignores 🔍
TON’s quiet growth, fueled by Telegram’s 900M user base, has driven its daily active addresses above Ethereum.
At its core, TON is a bet on Telegram’s distribution. Though the ecosystem is nascent, its early growth is promising. But is it enough? pic.twitter.com/k2b2SMiQJD
— Delphi Digital (@Delphi_Digital) June 10, 2024
That’s helped power Toncoin to an all-time high (ATH) of $7.76 on June 5. But TON has not since been able to reclaim the ATH, with the token price dropping through a slight rounding bottom, forming the cup part of the cup and handle pattern.
The support level around $6.73 is acting as a major support for the bulls to push the token over the $7.521 resistance level, data from GeckoTerminal shows.
Toncoin Price Set For A Rally Towards A New ATH
The Toncoin price trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish upside potential.
Moreover, the Relative Strength Index (RSI) trades up towards the 70-overbought region, currently at 60, which shows that the bulls are gearing up towards a bullish run as they buy more.
The Moving Average Convergence Divergence (MACD) is also bullish, with the blue MACD line crossing above the orange signal line, which represents a bullish crossover. The green bars on the histogram also extend beyond the neutral line, which shows that TON is on a positive trend.
Toncoin Price Prediction
The Toncoin price analysis on the 4-hour chart shows a bullish bias, as the bulls aim to sustain the token’s bullish rally, capitalizing on the cup and handle pattern.
With the RSI and MACD providing bullish prospects, optimistic investors may buy more, which could potentially push the token towards a new ATH, currently targeting $9.
However, if the bears take control of the price at this level, TON may drop back, with $7.2 and $6.7 levels acting as the immediate support levels, coinciding with the 50-day and 200-day SMAs, respectively.
As the TON price bulls aim for a new ATH, GameFi lovers are buying into the Mega Dice presale, a project that is set to be the first GambleFi project on the Solana blockchain.
99Bitcoins, a prominent crypto channel on YouTube, says that $DICE has the potential to surge 100X after launch.
Mega Dice Presale Blasts Past $1.4 Million – Next 100X Crypto?
Mega Dice (DICE) has been shaking up the crypto gaming landscape, having recently hurtled past $1.4 million in its presale.
$DICE presale has raised $1.4 Million 🚀
Current tier price: 0.075 💰
Current presale target: $2M 💰We’re implementing multiple tiered price increases, so make sure to secure your #DICE early! Don’t forget, you can now utilize your $DICE directly in our Web and Telegram… pic.twitter.com/VAsI6u27aD
— Mega Dice Casino (@megadice) June 7, 2024
Mega Dice is a crypto platform that has over 11,000 users who lock in more than $50 million in bets every month. The platform also offers over 4,000 casino games to its users and over 50 sports and eSports betting options.
DICE is giving away $2.25 million via an airdrop carried out over three seasons. Currently in its second season, the platform has an opportunity for players to win a maximum airdrop of $37,500 each.
The $DICE Season 2 Airdrop is STILL LIVE – Earn Your Share of a $750,000 AIRDROP! 🚨💰
Want a piece of the action? Just wager $5000 or more between May 15 and 28 June, 2024, and you could claim your share of the $750,000 airdrop! 😍 With a maximum airdrop of $37,500 per player,… pic.twitter.com/YiFxEUucRx
— Mega Dice Casino (@megadice) May 31, 2024
To participate in the airdrop, all you need to do is wager $5,000 or more between May 15 and June 28 to have an opportunity to grab a portion of the second season’s $750,000 giveaway.
Token holders also also share in the casino’s profits on a daily basis through its unique staking system.
To join the presale, you can buy $DICE on the official website here for $0.075 per token using BNB, ETH, or SOL. But prospective buyers must act swiftly to secure the token at this rate before the price advances to the next stage of the presale.
You can also earn 10% on any purchases made by investors you refer.
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