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The Toncoin price surged 9% in the last 24 hours to trade at $7.04 as of 03:42 a.m. EST on trading volume that dropped 28% to $637 million.
This comes as the token soared to a new all-time high (ATH) of $7.63, surpassing Dogecoin (DOGE) to become the eighth-largest cryptocurrency by market capitalization.
The token now has a market cap of $24.7 billion, with DOGE, which rose 5% in the last 24 hours, coming in at $23.8 billion.
Toncoin Price Set To Soar Past The Bullish Pennant
Since March, Toncoin’s price has seen a significant surge, emerging from a consolidation phase around $2.00. On April 8, TON experienced a staggering ascent, reaching a new all-time high of $7.63.
Despite a recent flash crash in the crypto market leading TON to retrace to the $5.2 support level, bulls have leveraged this support to drive the price back within the bullish pennant, aiming to breach its upper boundary. With TON trading well above both the 50-day and 200-day moving averages, it confirms the token’s potential for further rallies.
Additionally, the Relative Strength Index (RSI) is trending upward, crossing the 50-midline level and approaching the 70-overbought region, indicating escalating buying pressure. If bullish momentum persists, the RSI may surge further into overbought territory, signaling intense buying activity.
Toncoin Price Prediction
The bullish momentum of Toncoin remains robust as the price surges to trade within the upper boundary of the pennant, with bulls aiming for new highs above $8.00.
The rising RSI and the golden cross at $2.13 support the bullish sentiments, encouraging optimistic investors to venture and buy the token, which could further push the price.
However, if the bears take control of the price, the bulls could find support at $5.14, which coincides with the 200-day SMA.
Meanwhile, as Toncoin surpasses Dogecoin in market capitalization, you may want to buy $DOGEVERSE, a Dogecoin derivative that analysts say might soar 1000X after launch.
Dogeverse Presale Surpasses $4.7 Million In A Week – The Next 1000X Opportunity?
Dogeverse (DOGEVERSE) is poised to become the first DOGE meme token operating across a multi-chain framework. The network spans six main chains: Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.
The project seeks to create an interconnected ecosystem for Doge meme lovers, offering community engagement, rewards, and creative expression.
🌐 Embracing Inclusive Accessibility! 🚀
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. 🐕🌟 pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024
Such an exciting approach has amassed great attention from the community, which has pumped more than $4.7 million into the ICO in a week.
Holders can stake tokens and earn passive rewards. The platform currently offers a 219% annual percentage yield (APY) and 7.5 billion $DOGEVERSE tokens have already been staked.
Cryptonews, a crypto channel on YouTube, highlights $DOGEVERSE as a project that has the potential to soar 1000X after launch.
You can participate in the presale by buying $DOGEVERSE for $0.000295 per token. Buy soon if you are interested because another price hike is coming in slightly more than a day, and sooner in the event that the stage sells out faster.
To participate, you can buy $DOGEVERSE from the official website here using ETH, USDT, or a bank card.
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