TONCOIN -
TON
TON is looking interesting here.
✅Above 200 SMA
✅Series of higher lows
✅BTC pair appears to be bottoming out
- 2 to 4 weeks in bottoming zone normal historically
⌛️Challenging POC (breach above pending)
⌛️Pennant Decision point imminent (pending)
Eyeing mid March for conclusive direction, early bid possible here with stop under 200 DSAM (of which we had two recent bounces).
Whats Toncoin?
Im not here to sell the coin, this is just a brief description to plant what the coin is in your minds eye, I focus on the chart.
Toncoin is 15th by Market Cap on coin market cap and has a circulating supply of 3,467,488,458. TON is not directly available to buy on Coinbase yet (without web3wallet). Its directly available on the likes of OKX and KuCoin.
Toncoin (TON) is a decentralized layer-1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network".
TON stands out due to the fast processing/validation of transactions per second (TPS). In September 2021, the network processed a then-world record of 55,000 TPS during a contest, although the current TPS could be in the hundreds of thousands or even millions. This feature allows the project to grow rapidly while avoiding performance losses.
I have not decided to pluck a small position YET but I will keep you posted on if I take a bid.
PUKA
#Altcoin #Toncoin
TONBTC
TON is looking interesting here.
✅Above 200 SMA
✅Series of higher lows
✅BTC pair appears to be bottoming out
- 2 to 4 weeks in bottoming zone normal historically
⌛️Challenging POC (breach above pending)
⌛️Pennant Decision point imminent (pending)
Eyeing mid March for conclusive direction, early bid possible here with stop under 200 DSAM (of which we had two recent bounces).
Whats Toncoin?
Im not here to sell the coin, this is just a brief description to plant what the coin is in your minds eye, I focus on the chart.
Toncoin is 15th by Market Cap on coin market cap and has a circulating supply of 3,467,488,458. TON is not directly available to buy on Coinbase yet (without web3wallet). Its directly available on the likes of OKX and KuCoin.
Toncoin (TON) is a decentralized layer-1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network".
TON stands out due to the fast processing/validation of transactions per second (TPS). In September 2021, the network processed a then-world record of 55,000 TPS during a contest, although the current TPS could be in the hundreds of thousands or even millions. This feature allows the project to grow rapidly while avoiding performance losses.
I have not decided to pluck a small position YET but I will keep you posted on if I take a bid.
PUKA
#Altcoin #Toncoin
TONBTC
