The price of Toncoin rises with the breakdown of cryptocurrencies, and for this reason star-news.press/wp

Toncoin continues to rise, up to $ 3.60, and has a profit of 38 % of its lowest level in June, as the renewed investor and the momentum of the ecological system breathe a new life in Blockchain associated with telegram.

Toncoin (TON) Taken jumped for five consecutive days, reaching $ 3.60, an increase of 38 % of its lowest level in June. At the last check on Saturday, you hover at about $ 3.54. This increase prompted the market value to more than $ 3.7 billion.

TON PRICE jumped after the largest decentralized request in its ecosystem, STON.FI, raising $ 9.5 million of financing on July 30, a sign that investors are optimistic about its platform. This money was raised from Ribbit Capital and Coinfund to finance its growth.

Davi flame Data He explains that STON dealt with more than 6.7 million dollars in size in the past 24 hours and $ 113.33 million during the previous thirty days.

The price of a ton also jumped with the high transactions. Nanson Data He explains that Ton Blockchain was the third fastest Blockchain growth in the past seven days, with his active transactions jumped by 32 % to 3.8 million.

His fees increased by 52 % in the same period, while active headlines jumped by 5 %. These numbers mean that the network works well among users.

The symbol also jumped after Ton Foundation and Kingsway Capital Partners join To raise $ 400 million to establish the Treasury Ministry of Toncoin.

The new company, whose name has not been revealed, aims to repeat what other companies have done in the past few years, as it seeks to build on the success of the strategy and metaplanet.

Technical analysis of toncoin prices

The daily chart shows that the price of the tons also jumped after forming a double -bottom pattern at $ 2.722. This is a typical style characterized by two lower levels and neckline, which was, in this case, at $ 3.5812. It is one of the most common bullish reflection patterns.

The price of Toncoin jumped over the level of Fibonacci’s re -imitation by 23.6 %, while moving averages for 50 days and 100 days are about to cross each other. Therefore, the distinctive symbol is likely to continue as the bulls target the main resistance level at $ 4.77, which is the level of decline by 50 %.