Leading Telegram-integrated blockchain The Open Network’s native Toncoin has seen a magnificent +18% spike in TON price, but is it too late to buy Toncoin?
This comes as TON price reels from a -20% localized retracement move, triggered after pushing to 11-month highs back in early November.
Recent upside price action has been fuelled largely by the launch of Telegram launched ‘Giveaways’ a feature enabling channel owners distribute prizes among their followers.
Top Crypto Gainers Today by Coinmarketcap!
1. $FTT
2. $TIA
3. $ROSE
4. $TON
5. $SEI#CoinMarketCap #CryptoCommunity #cryptocurrency #FTX #celestia #rune #rose #SEI #Uniswap #CryptoMarkets pic.twitter.com/jTObx612vW
— cryptomigo (@cryptomigo21) November 28, 2023
Now with strong support above the 20DMA, TON price action appears to have found legs for a second rally leg – with sentiment shifting bullish, lets dig in.
TON Price Analysis: Is is Too Late to Buy Toncoin After +19% Price Spike?
As TON price recovers, Toncoin is currently trading at a market price of $2.46 (representing a 24-hour change of +0.82%).
Toncoin’s ongoing upside move, which was mounted following the -20% retracement, appears to have found legs above the 20DMA (sat at $2.38).
This key moving average has provided localized support for a +11.5% recovery so far, with TON price action forming a bullish pendant pattern in the upper trading channel.
TON price now appears poised, ready for another breakout above trendline resistance, with a potential target at $2.9.
200DMA support remains far below price action despite the golden cross on September 15, although the moving average is now gradually ascendant at $1.8.
Meanwhile, the RSI while bearish at 58.56 suggests there is still the capacity for a significant upside move, with the previous 11-month high registering at 79.39 on the RSI indicator.
This sentiment is backed by a completely neutral MACD, which is on the fence at 0.00 – this comes as the indicator flips from bearish to bullish sentiment.
Overall, TON price looks acutely poised here, with an imminent retest of upper trendline resistance firmly on the cards.
On the short-time frame, TON price has a target at $2.75 (a potential +11.16%).
While downside risk from here appears limited by the 20DMA at $2.38 (a possible -3.8%).
This leaves TON price with a risk: reward structure of 2.94, a strong entry characterised by good upside returns on the short-time frame, and certainly not too late to buy.
But while Toncoin offers an alluring+11.16% return, supercharged gains are often found through early backer status – imagine if you could have bought TON price at $0.74.
You can lock-in similar supersized returns by participating in project presales, one such event exploding in crypto markets is an emerging Telegram-based casino with the potential to make it big off the Telegram narrative like Toncoin.
Top TON Price Move Alternative? This GambleFi Crypto Presale Just Hammered 3M Raised
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $3,038,505 raised in just a month, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the crypto casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live Telegram casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
Biggest GambleFi Presale TG Casino Presale: TG.Casino APY Outperforms TON Price Pump
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 191%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 191% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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