Toncoin continues to rise – $3 incoming? Not before Bitcoin BSC hits $3.5m
|This is a sponsored post. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by the external author of the post. You should be aware of all the risks associated with trading. Cryptocurrency presales can be very risky investments as the assets have yet to be proven in the market. Some or all the tokens mentioned in the articles may be devalued or subject to scams, and investors may lose all capital as most of these assets lack proper due diligence. FXStreet is not responsible for any losses incurred from investments in crypto presales.
Toncoin (TON) has been one of the standout performers in the crypto market over the past week, with the token’s value rising 42%.
With TON now trading around the $2.52 level, many traders speculate it could hit $3 in the days ahead – a price point that hasn't been seen since April 2022.
Meanwhile, the trending crypto presale project Bitcoin BSC (BTCBSC) is nearing the $3.5 million milestone in its ongoing presale, capturing the interest of retail investors worldwide.
Toncoin price soars to $2.52 amid ongoing bull run
TON's price has risen consistently since early August, when the coin traded for just $1.15.
Since August’s low, TON has soared by 119%, establishing it as one of the top 10 cryptocurrencies in the world, as measured by market cap.
The coin’s momentum shows no signs of slowing down, having closed bullishly in four of the last five weeks.
Investors now speculate that TON could rise to the psychologically important $3 level, requiring a further 18% price increase.
Considering that CoinGecko sentiment analysis shows more than 59% of the community is bullish on TON, this target doesn't seem too far-fetched.
However, this optimism could be tempered somewhat by the fact that Toncoin’s Relative Strength Index (RSI) score is now at 76.6.
This indicates that the coin is in overbought territory, which can often signal a short-term pullback or consolidation.
Telegram integration fuels continued TON surge
The primary catalyst for Toncoin’s recent bullishness is the project’s major partnership with the messaging app Telegram.
According to a recent article from Cointelegraph, Telegram unveiled its new crypto wallet at the Token2049 event last week – a wallet created on Toncoin’s official blockchain, The Open Network.
This collaboration is significant since Telegram reportedly boasts over 800 million users worldwide, representing a massive audience that could interact with Toncoin.
Moreover, with mainstream messaging apps like Telegram now adopting crypto technology, it signals a broader integration trend that could fuel further price increases.
This news has been warmly received by TON holders, with many speculating that the partnership could be the first of many high-profile collaborations for Toncoin.
Time will tell whether this plays out, but for now, the integration with Telegram has certainly bolstered TON’s position in the market.
Bitcoin BSC presale nears $3.5m as investors embrace innovative Bitcoin alternative
However, it’s not just existing cryptos like TON that are gaining market traction.
The new presale project Bitcoin BSC (BTCBSC) has also been generating hype, with its ongoing presale nearing $3.5 million raised.
This milestone would put BTCBSC’s presale over 88% of the way to its $3.96 million soft cap target – and with the token’s price fixed at $0.99, many investors feel that now is the ideal time to get involved.
As a BEP-20 token on the Binance Smart Chain, BTCBSC benefits from the network's super-fast transaction speeds and low fees relative to its peers.
Moreover, since BTCBSC employs a Proof-of-Stake (PoS) protocol rather than high-energy mining, the token can be considered greener than many traditional Proof-of-Work (PoW) cryptos – like Bitcoin.
Bitcoin BSC has been attracting attention from all corners of the market, with YouTuber Joe Parys Crypto recently describing it as one of his “top 5 Bitcoin alternatives under $100”.
The token has also been featured on high-profile media outlets like Seeking Alpha and Yahoo Finance, further boosting its credibility within the crypto space.
With such endorsements and media coverage, it’s clear that BTCBSC is making waves and establishing itself as a top contender in the burgeoning presale market.
Combine this with the development team’s plan to launch BTCBSC on decentralized exchanges once the presale ends, and the potential for broader adoption becomes even more promising.
This is a sponsored post. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by the external author of the post. You should be aware of all the risks associated with trading. Cryptocurrency presales can be very risky investments as the assets have yet to be proven in the market. Some or all the tokens mentioned in the articles may be devalued or subject to scams, and investors may lose all capital as most of these assets lack proper due diligence. FXStreet is not responsible for any losses incurred from investments in crypto presales.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.