HomeBinance UpdatesBinance Sparks Toncoin (TON) Frenzy with Possible Listing, Coin Edition Reports Price...

Binance Sparks Toncoin (TON) Frenzy with Possible Listing, Coin Edition Reports Price Surge

Binance Adds New Port for Toncoin (TON) – Coin Edition Update

Binance Fuels Toncoin (TON) Frenzy with Potential Listing, Price Surges

On May 23, monitoring systems detected a new port for Toncoin (TON) on Binance, sparking excitement in the cryptocurrency community. CoinDance was the first to report this preliminary detection, although it has not been confirmed as a final listing yet.

Toncoin is currently trading at $6.30, experiencing a 5% intraday dip. However, the cryptocurrency has seen remarkable growth, with gains exceeding 200% year-to-date. This surge in price can be attributed to Toncoin’s integration with Telegram, a popular messaging app with nearly 900 million users.

The Total Value Locked (TVL) for Toncoin has surpassed $218 million, indicating widespread adoption of the network. Market experts are optimistic about the cryptocurrency’s future, predicting a potential price target of $9 by 2025.

Recent data from Santiment shows a 110% increase in TON’s active addresses over the past six months, signaling strong network activity. The recent listing of Notcoin (NOT) on Telegram could further boost TON’s visibility and adoption.

Technical analysis suggests that Toncoin faces resistance between $6.52 and $7.23, with support levels at $6.00 and $5.56. The Relative Strength Index (RSI) of 56 indicates a possible upward movement in price. If a bullish trend emerges, Toncoin could surpass $7.23 and potentially reach the $9 milestone.

While an official announcement from Binance is still pending, the cryptocurrency community is eagerly awaiting further updates on Toncoin’s potential listing. The market frenzy surrounding TON reflects the growing interest in digital assets and the evolving landscape of cryptocurrency trading.

Stay tuned for more updates on Toncoin and other trending cryptocurrencies on Coin Edition.

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