TONCOINUSD
🚀 TON Coin;The Open Network(TONCOIN/USD Analysis)📊Hello Crypto community Welcome again to this analysis ,today I'm gonna introduce another high potential crypto gem .🚀💰
🔹Rank #207,/ kind :Coin \\ Market Cap:$ 2,204,582,069 \\ Fully Diluted Market Cap: $9,024,807,342>> ✅
Max Supply: 5,000,000,000 / Total Supply: 5,047,558,528 /// Circulating Supply : 1.22B TON ( 24%) >> RISKY 📛
Holders Statistics : Top 10 Holders --> 72.21% , Top 20 Holders --> 78.48%, Top 50 Holders -->87.08% >> 📛
🆗 What Is TON Coin?
TON is a fully decentralized layer-1 blockchain designed by Telegram to onboard billions of users. It boasts ultra-fast transactions, tiny fees, easy-to-use apps, and is environmentally friendly.
Apart from processing millions of transactions per second, TON blockchain-based ecosystem has all the chances to give rise to a genuine Web3.0 Internet with decentralized storage, anonymous network, DNS, instant payments and various decentralized services.
As the ecosystem expands, we see a huge potential of TON coin and numerous ways for it to work in the new economy. We expect it to go beyond a means of payment.
ton.org-Coinarketcap
-------------------------------------------------------------------------------------------------------------------
📊 Technical
As you can see on the DAILY timeframe for TONCOIN/USD , It is trading under a strong volume zone which I call it pivot zone and also we can imagine a big triangle pattern for Toncoin . so in order to have an uptrend rally it should be able to breakout both pivot zone and descending trendline of triangle with enough volume as confirmation and thus in this case then it can attack to higher resistance zone , but otherwise as you can see it can fluctuate in this current triangle pattern for a while and have more decline , and it can even fall upon the lower support levels .
🛑resistance level: $2.69-$2.87 ///3.43-3.67
🆚PIVOT :$1.88-2
❇️support levels: $1.60- ///1.44//1.30
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯
OKX starting trading TONCOINOnce 29 Feb the trading started we could see a pledge to zone around 3$ to play as dead cat bounbce before going deep futher< but forst we should see first week on mkt
TONUSDsee and watch :)
The price, after breaking the resistance range and pullback to it, seems to be ready to move ...
TONCOIN: Above buy resistanceHello dear friend!
"The next gen network to unite all blockchains and the existing Internet
Apart from processing millions of transactions per second, TON blockchain-based ecosystem has all the chances to give rise to a genuine Web3.0 Internet with decentralized storage, anonymous network, DNS, instant payments and various decentralized services.
As the ecosystem expands, we see a huge potential of TON coin and numerous ways for it to work in the new economy. We expect it to go beyond a means of payment.
Stakes deposited by validators to be eligible to validate transactions and generate new blocks and coins. Voting power to support or oppose changes in the parameters of the protocol. Income (gas) paid to validator nodes as reward for processing transactions and smart contracts under the PoS consensus. Loans to validators extended against a share of their reward. Payment for services and options implemented by TON Services, TON Storage, TON DNS, TON Proxy, TON WWW. In particular, for bypassing censorship, storing data, hiding identity, using blockchain-based domain names." source CMC
ToncoinTon Coin broken the downtrend and now try to retest it, maybe continue to move up after successful retest
