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Toncoin TON Price Prediction: Will It Hit $7 This Weekend?

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Binance, the world’s largest cryptocurrency trading platform, launched Toncoin (TON) on the Binance Launchpool today. The move when first announced singled incoming momentum for TON, and the asset is expected to benefit from the latest listing. At press time, The Open Network’s token is trading at $6.55, a rough 6% drop in 24 hours. However, there are still hopefuls predicting the asset to jump in price over the coming week. Currently, price predictions for Toncoin (TON) are bullish, with investors swooping in on the latest Binance listing. TON debuted on Binance with Bitcoin, USDT, FDUSD, and TRY trading pairs. The recent climb for the asset has set a realistic target of recovering to $7 this weekend. The Binance exchange also announced TON futures trading earlier this year. Specifically, it arrived in early March, as the year has been a massive one for The Open Network. Throughout 2024 thus far, Toncoin has already surged a remarkable 170%. Yet, many experts predict even more g...

Toncoin price surges with small investors interest

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Toncoin’s (TON) price has consistently risen over the past ten days despite low whale activity. This shows the upward momentum has come from small investors . According to data provided by Santiment, the number of TON whale transactions, consisting of at least $100,000 worth of the asset, has dropped by 100% over the past month. Since Aug. 26, there have been no Toncoin whale transactions. TON price, whale activity, social volume and supply on exchanges – Aug. 29 | Source: Santiment On the other hand, the amount of TON’s supply on exchanges has seen a significant rise over the past two weeks. Per the market intelligence platform, the total amount of Toncoin on exchanges has risen by 15% — from 1.28 million coins on Aug. 14 to 1.47 million tokens at the time of writing. You might also like: South Korea obliges crypto exchanges to hold $2.3m in reserves Moreover, Toncoin’s social volume has seen many ups and downs over the past month. On Aug. 24, the asset’s trend on...