Toncoin (TON) Targets $2.43, Thanks to the Rise Above Chainlink

Coin Edition
Coin Edition

19 Nov 2023 1:43 PM

Toncoin’s market cap was $8.06 billion. Chainlink, on the other hand, had a market cap of $7.91 billion. What else is happening?...

  • Toncoin's market cap has surpassed that of Chainlink, reaching $8.06 billion.
  • Toncoin has expanded its utility beyond messaging to include gaming, DeFi, supply chain, and payment infrastructure.
  • The technical analysis suggests that Toncoin may rise to $2.43 if buying momentum increases.
  • The Moving Average Convergence Divergence (MACD) indicates a bullish trend.
  • The Directional Movement Index (DMI) shows that buyers have an advantage over sellers.
  • The Average Directional Index (ADX) needs to reach 25 or above to confirm Toncoin's potential uptrend.

The article has a positive sentiment, highlighting Toncoin's market growth and expanded utility.

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You May Ask

What is Toncoin's current market cap and how does it compare to Chainlink's?What are the additional use cases of the Toncoin blockchain?What is the potential price target for Toncoin if buying pressure increases?What technical indicators suggest a bullish trend for Toncoin?What reading does the ADX need to reach in order to confirm Toncoin's potential uptrend?

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