Toncoin ($TON) Crypto Forecast: Down 8.1% Today

What is Toncoin?

TON is a cryptocurrency token known for its association with the Telegram Open Network blockchain.

Why is Toncoin going down?

TON crypto is down 8.1% on Jul 4, 2024 18:57

• The bearish movement in TON today could be attributed to the overall market sentiment following a significant liquidation of over $370,000,000 in Bitcoin, Ethereum, and altcoins as BTC briefly dipped below $57,000.
• Despite positive news of a new token launching on the TON blockchain with breakthrough milestones, the broader market volatility and liquidations may have overshadowed this development.
• The launch of a $50M gaming accelerator may have had a limited impact on TON's price action compared to the broader market movements and liquidations.
• While altcoins are gaining attention post US Independence and Solana meme coins are outperforming Ethereum significantly, TON's bearish movement today suggests that it was more influenced by the overall market trends and liquidations rather than specific altcoin recommendations or meme coin performances.

TON Price Chart

TON News

Over $370,000,000 in Bitcoin, Ethereum and Altcoins Liquidated in 24 Hours As BTC Briefly Dives Below $57,000

Over $370,000,000 in Bitcoin, Ethereum and Altcoins Liquidated in 24 Hours As BTC Briefly Dives Below $57,000

https://dailyhodl.com/2024/07/04/over-370000000-in-bitcoin-ethereum-and-altcoins-liquidated-in-24-hours-as-btc-briefly-dives-below-57000/

Telegram and Helika Launch $50M Gaming Accelerator

Telegram and Helika Launch $50M Gaming Accelerator

https://www.coingabbar.com/en/crypto-currency-news/telegram-helika-50m-gaming-accelerator

Hamster Kombat's Token Will Launch on TON Blockchain With Breakthrough Milestones

Hamster Kombat's Token Will Launch on TON Blockchain With Breakthrough Milestones

https://coincu.com/267134-hamster-kombats-token-will-launch-on-ton/

Altcoins To Have In Your Portfolio Post US Independence

Altcoins To Have In Your Portfolio Post US Independence

https://coingape.com/trending/altcoins-to-have-in-your-portfolio-post-us-independence/

Solana Meme Coins Outperform Ethereum 800% YTD – Top Winners Revealed

Solana Meme Coins Outperform Ethereum 800% YTD – Top Winners Revealed

https://www.newsbtc.com/news/solana/solana-meme-coins-outperform-ethereum-800-ytd-top-winners-revealed/

Trending Today

Pepe ($PEPE) Crypto Forecast: Down 6.3% Today

Memecoin ($MEME) Crypto Forecast: Down 10.6% Today

Worldcoin ($WLD) Crypto Forecast: Down 9.4% Today

Sui ($SUI) Crypto Forecast: Down 8.4% Today

Shiba Inu ($SHIB) Crypto Forecast: Down 6.6% Today

Dogecoin ($DOGE) Crypto Forecast: Down 8.5% Today

Ethereum Classic ($ETC) Crypto Forecast: Down 5.3% Today

Cardano ($ADA) Crypto Forecast: Down 6.0% Today

Mantle ($MNT) Crypto Forecast: Down 6.9% Today

Monero ($XMR) Crypto Forecast: Down 5.9% Today

Toncoin Price History

04.06.2024 - TON Crypto was down 8.1%

• TON's significant bearish movement may be linked to the general negative sentiment in the crypto market, influenced by whale activity and selling pressure.
• The introduction of cross-chain support for TON tokens by Bitget Wallet could have generated some initial interest but was overshadowed by the broader market decline.
• Despite positive developments such as Maincard.io's ambition to attract a billion potential users through the Open Network launch, TON was unable to avoid the prevailing bearish trend.
• The rising popularity of meme coins surpassing major cryptocurrencies like Ethereum may have drawn attention and investment away from TON, contributing to its bearish movement today.

04.06.2024 - TON Crypto was down 9.4%

• The downward trend in TON's value today might be due to investors selling off after prices rose.
• Updates and partnerships related to TON have not generated sufficient positive sentiment to offset selling pressure.
• Attention on Telegram CEO's other projects, like "Hamster Kombat," may have shifted focus away from TON, resulting in decreased interest from buyers.
• Competition from tokens like KangaMoon, which are making significant progress, could also be prompting investors to move their resources to more promising ventures.

04.06.2024 - TON Crypto was down 8.8%

• TON's decline may be linked to KangaMoon's recent outperformance compared to tokens like 1inch and Toncoin, leading to a diversion of attention and funds away from TON.
• The upcoming TGE of Hamster Kombat has generated excitement among investors, potentially causing a shift in focus away from TON and prompting a sell-off of TON tokens.
• The broader market sentiment, driven by anticipation of a Bitcoin rally following significant miner capitulation, might have prompted investors to reconsider their investment strategies, impacting TON negatively.
• Speculation about Hamster Kombat's TGE boosting TON's value has not materialized as current market conditions have worked against TON, resulting in a bearish trend.

04.06.2024 - TON Crypto was down 8.0%

• The uncertain outcome of Hamster Kombat's TGE may have influenced the bearish movement in TON.
• The inclusion of Solana meme coin MEW's cat character in TON could have added speculative pressure on the token, contributing to its downward trend.
• Reports of the longest miner capitulation since 2022 hinting at a potential Bitcoin rally ahead might have shifted investor attention away from altcoins like TON, impacting its market performance.
• The convergence of these factors likely generated a pessimistic outlook on TON, resulting in the bearish movement observed.

04.06.2024 - TON Crypto was down 6.2%

• The collaboration of Solana Meme Coin's cat character with TON initially garnered interest but quickly turned market sentiment bearish.
• Investors potentially shifted focus to established cryptocurrencies like Bitcoin due to indications of an upcoming rally, leading to a sell-off in TON.
• Speculation about the impact of Hamster Kombat TGE on TON causing a surge did not materialize, disappointing investors and contributing to the bearish behavior.
• Uncertainty and volatility in the cryptocurrency market, including anticipation of Avalanche's breakout, likely prompted traders to sell off TON positions, adding to its bearish movement today.

04.06.2024 - TON Crypto was down 5.7%

• The extended miner capitulation, hinting at a probable Bitcoin surge, might have steered investor focus towards Bitcoin, prompting a decline in TON.
• Speculation surrounding the Hamster Kombat TGE causing TON's surge could have set unrealistic expectations, resulting in disillusionment and selling pressure on the token.
• The mention of Solana Meme Coin MEW's Cat Character appearing on TON might have diverted attention from TON's fundamental value proposition, fostering a bearish mood.
• The emphasis on Avalanche's potential breakout to $65 could have directed investor attention away from TON, impacting its pricing negatively.

04.06.2024 - TON Crypto was down 5.0%

• The bearish movement in TON today could be attributed to the overall market trend of altcoins bleeding. When major cryptocurrencies like Bitcoin experience a dip, it often leads to a domino effect on altcoins like TON.
• The potential Bitcoin rally ahead might have shifted investor focus towards Bitcoin, causing a sell-off in altcoins like TON.
• Despite the positive news about TON inching closer to its all-time high, the broader market sentiment and the focus on Bitcoin's movement likely overshadowed this development, contributing to TON's bearish movement today.

03.06.2024 - TON Crypto was up 5.0%

• Accumulation of over $346,000,000 worth of TON by large holders in a span of one week suggests significant interest from major investors, potentially influencing price movements.
• Comparative on-chain data indicating TON's growth vis-a-vis Cardano implies potential outperformance within the cryptocurrency market, appealing to a broader investor base.
• The recent airdrop of HashKey's native token via Telegram Tap-to-Earn game likely enhanced TON's visibility and practical usage, driving up demand for the token.
• TON's recent 4%+ increase within 24 hours, and its possible trajectory towards a new peak, signals strong bullish market sentiment, attracting more participants to the token.

02.06.2024 - TON Crypto was up 5.0%

• TON's price surge of more than 4% in 24 hours indicates growing investor interest and confidence in the token.
• The speculation around TON potentially reaching a new all-time high suggests that market sentiment towards the token is extremely positive.
• Breaking the $8 mark showcases TON's ability to attract buyers and maintain an upward momentum.
• The information about TON overtaking Dogecoin in price highlights the token's increasing popularity and potential for further growth in the near future.

02.06.2024 - TON Crypto was up 6.0%

• TON's bullish movement could be attributed to its recent overtaking of Dogecoin in price and nearing its all-time high, garnering increased investor interest.
• Mentioning of TON being at risk of a correction due to market overheating might indicate a potential short-term pullback in price as investors take profits.
• The positive sentiment surrounding TON in the market, as highlighted in the beating Bitcoin gains in Q2, could be driving further price appreciation.
• The exclusion of DOGE from the list of altcoins to buy might have redirected investor attention towards TON, contributing to its bullish movement.

02.06.2024 - TON Crypto was up 5.0%

• TON's bullish movement today can be attributed to the recent surge in interest and investment in the cryptocurrency market.
• The buying spree by TON whales, as indicated by the $342 million investment, likely contributed to the positive momentum of the token.
• Despite concerns of a potential correction due to market overheating, TON's price action hints at a possible 15% surge to a new all-time high, reflecting strong investor confidence.
• The outperformance of TON compared to other crypto tokens in Q2 showcases its resilience and attractiveness to investors, driving further price appreciation.

28.05.2024 - TON Crypto was down 5.2%

• The bearish movement of TON today could be attributed to profit-taking by investors after a period of significant price increase.
• The mention of a potential double-digit rally for another altcoin in the same market might have shifted some traders' focus away from TON, leading to selling pressure.
• The high volume of TON held by whales could have also contributed to the bearish movement, as large sell-offs by these major holders can impact the overall market sentiment.
• The market sentiment towards meme coins and other altcoins in July might have diverted attention and investment away from TON, causing a decline in its price.