The post Can Toncoin Price Rally 80% Amid T-Fund Launch? appeared on BitcoinEthereumNews.com.

Toncoin price has faced significant challenges recently. However, recent developments, including the launch of the T-Fund, have sparked optimism among investors and traders. The T-Fund aims to accelerate the growth of the TON ecosystem by supporting new projects and increasing network adoption. As Toncoin shows signs of recovery, could these factors propel the price to rally by 80%, setting the stage for a potential surge in value? Can T-Fund Catalyze Toncoin Price Rally? Toncoin price faced a significant setback following the troubles surrounding Telegram Founder Pavel Durov. However, the asset has recently found solid support and bounced back, potentially in response to the formation of the TON T-Fund.  This new initiative seeks to revive and accelerate the growth of the Ton ecosystem. The rebound also coincides with positive market sentiment, fueled by analysts’ predictions of a possible Fed rate cut that could benefit the broader crypto market. The TON blockchain has seen remarkable growth in under a year, a result of years of behind-the-scenes development. However, recent launches like Notcoin (NOT) and Dogs (DOGS) overwhelmed the network with active users, revealing the need for greater scalability.  Exciting News! We’re thrilled to announce the establishment of T-Fund, an investment fund dedicated to supporting visionary founders within the @ton_blockchain ecosystem. 🧵 👇 — T-Fund (@TFund_official) September 11, 2024 To address this, the T-Fund was established to accelerate Ton blockchain development by investing in and supporting new projects within the ecosystem. As more decentralized protocols are built on the TON blockchain, increased network usage will likely boost Toncoin price. TON price has increased by 1.3% in the last 24 hours and is trading at $5.36. TON Price On The Path to Recovery Toncoin price is showing signs of a rounded top pattern, indicating a potential bearish reversal in the long term. However, it…

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Filed under: News - @ September 12, 2024 8:26 am