- The Defi -Ecosystem on the Ton network has grown considerably in the recent past that is reinforced by the Telegram community.
- Ton -price has been consolidating in a symmetrical triangle since the beginning of December.
The wider Altcoin market, including Toncoin (Ton), registered a mild correction for the past 24 hours. After an impressive meeting last week, the wider Altcoin market experienced a significant cooling of the bullish sentiment, resulting in $ 357 million forced liquidations of long traders.
The Ton price fell nearly 4 percent in the last 24 hours to trade around $ 3.09 on Thursday 15 May during the Late North -American trade session. As a result, the large Cap Altcoin, with a completely diluted appreciation of around $ 15.8 billion and an average traded volume of around $ 229 million, has fallen by around $ 229 million in the last two weeks.
Toncoin Network thrives on Telegram Messenger
The Ton -Ecosystem has grown exponentially in the recent past, mainly fed by the enormous telegram community. According to market data of DefillamaThe TON network had a total value of approximately $ 152 million and a stablecoins market capitalization of around $ 1.01 billion at the time of this writing.
In the meantime, Cryptorank market details show that the Telegram -Gifts Daily Turnover has been growing exponentially since the beginning of May, and reached $ 1.8 million two days ago. The majority of the NFT volume volume came from the Tonnel platform with around $ 1.2 million and fragment with around $ 220k.
What for Ton Price now
Since he was hit on June 15, 2024, around $ 8.25 on June 15, 2024 has been recorded in a correction mode so far. However, the Ton price has set a robust support level above $ 2.5, which previously functioned as a resistance level.
In the daily period of time, the Ton price has been in a symmetrical triangular pattern since the beginning of March. Crypto analyst Ali Martinez was of the opinion that the barrel price is well positioned for at least a pump of 47 percent if there is an outbreak above the upper edge in the coming days.