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The Toncoin price has surged 19% in seven days to join CoinMarketCap’s top 10 list for the period, trading at $2.65 as of 5:30 a.m. EST.
That's crazy isn't it?
The marketcap of $TON has been raising gradually that, it has flipped TRX and reach top 10 in @CoinMarketCap 🚀
With all these partnerships / collabs am expecting TON to be outperforming very soon 💎
Don't miss it! pic.twitter.com/2dzS6nkf4L
— Crypto King👑💎.eth.sol (@cryptosanthoshK) November 8, 2023
Toncoin Price Prediction
The 4-hour TON/USD chart shows that the Toncoin price risks facing corrections as a bearish engulfing candle stick pattern has formed. This indicates a reversal trend in the Toncoin price. The MACD is also moving towards the red zone as bullishness now fades. This and the Relative Strength Indicator point towards corrections on the Toncoin price as it moves downward while exiting the overbought region.
The 15-day moving average exceeded the 5-day moving average to form a death cross per 45-minute TON/USD charts. This indicates looming bearishness. Volatility levels on the Toncoin price are high as the Bollinger Bands move wide apart.
These volatility levels are likely to remain high as holders now look to capitalize on the profits gained over the week, causing selling pressure. In line with this, the trading volume also saw a 32% increase within the last 24 hours of market activity.
Toncoin Price Risks Correction
Meanwhile, as the Toncoin price risks a correction, the new Bitcoin ETF Token (BTCETF), currently in its pre-sale, could be the ultimate investment as the token holds capabilities of a massive rally upon release, having already surpassed expectations. The BTCETF presale surpassed the $110K mark just a few days after it started.
A Look At The Bitcoin ETF Token
As interest in Bitcoin ETFs (exchange-traded funds) grows, Bitcoin ETF Token is the first ETF-based initiative to hit the market. It boasts unique deflationary measures, high-sharing payouts, and a robust staking system.
Introducing #BitcoinETF, the visionary project poised to revolutionise the #Crypto realm by anticipating the arrival of #Bitcoin ETFs. 🚀
Stay tuned for the unveiling of the distinctive mechanics and strategies that set #BTCETF apart in the world of digital assets. 📄💡 pic.twitter.com/7CBWhJlErg
— BTCETF_Token (@BTCETF_Token) November 1, 2023
Starting at $0.005, the token’s presale has garnered significant attention due to its anticipated price surge in each round, prompting swift investor action. Notably, the current staked tokens amount to more than 5.7 million, constituting 25% of the total token supply, contributing to network stability and sustainability.
Token Burns
BTCETF’s deflationary strategies, including a transaction burn tax linked to Bitcoin ETF milestones, aim to enhance token value and curb speculative activities.
With plans to burn up to 25% of its total supply through targeted phases and ETF-related events, the cryptocurrency aims to reduce circulating tokens to 1.57 billion, fostering long-term value appreciation.
Investors stand to benefit from a generous 5% referral bonus for each sale facilitated through their referral links, further incentivizing participation and community engagement within the BTCETF ecosystem.
As the pre-sale continues to gain momentum, all eyes are on BTCETF’s journey towards reshaping the future of cryptocurrency investments.
As you watch the Toncoin price, remember that the new Bitcoin ETF Token is highly geared to an explosion in inflows when spot Bitcoin ETFs are approved.
Visit here to get your Bitcoin ETF Tokens.
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