Toncoin (TON) Maintains $5 Support, Poised for a Breakout Above $6

The TON Foundation's vision is to onboard millions of crypto users and empower developers to build a Web3 ecosystem on Telegram.

The mixed reaction in the crypto scene can be linked to the market’s upswing and the arrest of Telegram CEO Pavel Durov. While most top altcoins swung high, Toncoin (TON) plummeted but is believed to have bottomed out.

Meanwhile, smart money has been doubling down on Avalanche (AVAX) and this new AI-powered exchange protocol, Intel Markets (INTL). Their unique offerings and significant upside potential place them on the list of must-have coins.

Intel Markets (INTL): Tipped to Become 2024’s Biggest Breakout Star

A novel AI-powered trading platform, Intel Markets (INTL), is set to enter the crypto scene and shake up the global crypto trading scene. Thanks to its growth prospects and unique offerings, savvy investors have been eyeing this emerging cryptocurrency.

It aims to break into and reshape the global crypto trading market, which is expected to reach $347 billion by 2030. By integrating AI into crypto trading, traders will be provided with ample computing power.

Newbies can become seasoned traders with advanced features like vetted and profitable trading bots, 1,000x leverage on select assets, copy trading and customizable trading indicators.

On the cusp of adoption, the presale has been selling out fast. Almost $200,000 has been raised in the first stage of the ICO, just a few days after it went live.

One of its biggest attractions is its low-entry point, with a token priced at only $0.009. It is tipped to be this year’s biggest breakout star, with a projected 100x gain post-launch.

Toncoin (TON) Maintains $5 Support 

A Telegram-based cryptocurrency, Toncoin (TON), has been one of the year’s biggest highlights. The TON Foundation’s vision is to onboard millions of crypto users and empower developers to build a Web3 ecosystem on Telegram.

This strategy has been highly successful, with Notcoin (NOT) and DOGS (DOGS) being two standout examples. However, the arrest of Telegram CEO Pavel Durov over the weekend has had a major impact.

The Toncoin price plummeted, briefly touching $5.1 earlier this week. But despite the cascading sell-off and intense FUD, the $5 support held.

Given its resilience, the bottom might be in. A Toncoin price prediction suggests a breakout above $6 in the coming days. It is also on track for an all-time high, either in celebration of Durov’s release or rebellion. Either way, a jump past the current ATH of $8.2 is on the cards. 

Avalanche (AVAX): Poised for a Breakout Above $25

A platform for decentralized applications (dApps) and custom blockchains, Avalanche (AVAX) is a DeFi powerhouse. It is one of the top DeFi destinations, trailing only Ethereum and Solana with its higher transaction output, giving it a competitive edge.

The Avalanche coin outperformed many top altcoins with a gain of about 5% this week, capturing the attention of smart money and promising further upsides.

The Avalanche crypto is set for a breakout above $25, making it one of the good cryptos to buy. A jump past $50 is projected in quarter four, explaining the growing interest and demand.

Considering its substantial growth prospects, it is a promising wave to take advantage of this week.

Conclusion

Toncoin is on track for a breakout after bottoming at $5. Meanwhile, smart money is betting on Avalanche and Intel Markets, a new ICO. This emerging crypto is set to go on price discoveries after its launch, tipped for a 100x jump.

Discover More About Intel Markets:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

The above is the detailed content of Toncoin (TON) Maintains $5 Support, Poised for a Breakout Above $6. For more information, please follow other related articles on the PHP Chinese website!