The post CryptoTicker | Toncoin News appeared on BitcoinEthereumNews.com.

Toncoin (TON) has been gaining attention in the cryptocurrency space, sparking curiosity about whether its price could surge to $10. In this Toncoin news piece, we’ll delve into the dynamics fueling Toncoin’s rise, uncover expert insights, and speculate on what the future could hold for this emerging digital asset. Let’s take a look at this Toncoin price article in more detail. How has the Toncoin Price Moved Recently? Toncoin is currently priced at $6.66, with a 24-hour trading volume of $1.40 billion, a market cap of $23.16 billion, and a market dominance of 1.09%. Over the last 24 hours, TON’s price has risen by 4.52%. Toncoin hit its peak price on June 15, 2024, reaching an all-time high of $8.27. Its lowest recorded price was $0.523925 on September 21, 2021. Since its ATH, the lowest price TON has seen is $4.86 (cycle low), while the highest price since that point has been $6.78 (cycle high). The current outlook for Toncoin remains bullish, with the Fear & Greed Index indicating a score of 40 (Fear). Toncoin’s circulating supply is presently 3.47 billion TON out of a maximum supply of 5.00 billion TON. The yearly supply inflation rate is 1.25%, resulting in the creation of 42.82 million TON in the past year. Why is Toncoin Price UP? Toncoin’s recent price increase can be largely attributed to Binance’s announcement to list TON tokens with several trading pairs, including TON/BTC, TON/USDT, and TON/FDUSD. This move, along with Binance’s earlier introduction of TON futures trading, has significantly boosted Toncoin’s visibility and accessibility.  By being featured on one of the largest cryptocurrency exchanges, Toncoin has attracted a broader audience, leading to an increase in trading volume and liquidity. This, in turn, has enhanced its market credibility, contributing to the upward price movement. Moreover, the overall cryptocurrency…

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Filed under: News - @ August 10, 2024 6:10 am