Toncoin (TON) Ecosystem Valuation Surpasses $14B, Signaling Its Transformation From a Single-Token Ecosystem to a Robust Network of Valuable Projects

According to Coinmarketcap data, the aggregate valuation of Toincoin Ecosystem tokens crossed the $14 billion mark as of Oct 26.

Data from Coinmarketcap shows that the total valuation of Toncoin Ecosystem tokens crossed the $14 billion mark on Oct. 26.

This is a major positive development, as the ecosystem is now valued at more than the TON native coin.

This highlights the growing confidence of investors and the expansion of projects within the Toncoin ecosystem, marking its transformation from an ecosystem dependent on a single token to a robust network of multiple valuable projects.

With the ecosystem valuation now exceeding that of TON, it shows increased utility, adoption, and the growing popularity of Toncoin-based decentralized applications, Bots, and Telegram games.

In recent months, Telegram-games like Notcoin (NOT), Hamster Kombat (HMSTR), and Dogs have gained a lot of popularity, ranking in the top 4 within the Toncoin ecosystem.

Evidently, the rising popularity of the Telegram-based has helped shore-up demand for TON in October 2024.

Toncoin Price Forecast: TON Set to Retake $5 Resistance

Toncoin (TON) is currently trading around $4.92, showing resilience after a recent 5-day decline that saw it lose nearly 9.5% in value.

A closer look at the Bollinger Bands and the Detrended Price Oscillator (DPO) technical indicators on the TONUSD daily chart reveals that TON price looks set to reclaim the $5 resistance level.

The Bollinger Bands show that TON is currently trading below the 20-day SMA of $5.17 and recently tested the lower band at $4.91, indicating oversold conditions.

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