{"id":138056,"date":"2023-09-02T04:34:17","date_gmt":"2023-09-01T23:04:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=138056"},"modified":"2023-09-02T04:34:17","modified_gmt":"2023-09-01T23:04:17","slug":"toncoin-investors-load-up-bags-as-majority-of-crypto-nosedive-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/toncoin-investors-load-up-bags-as-majority-of-crypto-nosedive-crypto-news\/","title":{"rendered":"Toncoin Investors Load Up Bags As Majority Of Crypto Nosedive &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400\">Toncoin (TON) has showcased healthy market status since the end of last week. According to historical data from <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/UbXsBwCv\/?symbol=OKX%3ATONUSDT\"><span style=\"font-weight: 400\">TradingView<\/span><\/a><span style=\"font-weight: 400\">, it witnessed a consecutive bullish trajectory from August 11, 2023, until today, August 16.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The upward movement drew the attention of investors, resulting in a <\/span><span style=\"font-weight: 400\">price increment<\/span><span style=\"font-weight: 400\"> of over 12% gain in the past seven days. <\/span><span style=\"font-weight: 400\">Notably, the latest developments within Toncoin\u2019s ecosystem could be the reason for the market uptick in the past few days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, TON\u2019s market value today, August 16, is <\/span><span style=\"font-weight: 400\">$1.44<\/span><span style=\"font-weight: 400\">, representing a price drop of over 2% in the last 24 hours.\u00a0<\/span><span style=\"font-weight: 400\">With this current price, the asset is almost <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/toncoin\"><span style=\"font-weight: 400\">19.7%<\/span><\/a><span style=\"font-weight: 400\"> up in the past 14 days, 7% in 30 days, and 17% in the past year.\u00a0<\/span><\/p>\n<p>Related Reading: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/xrp\/best-selling-author-buy-xrp-now-but-this-price-crucial\/\">Best-Selling Author Touts Buy XRP Now, But This Price Is Crucial<\/a><\/p>\n<h2>Recent Development Within Toncoin Ecosystem Pushes TON\u2019s Value<\/h2>\n<p><span style=\"font-weight: 400\">There have been a lot of events on Toincoin\u2019s ecosystem attracting massive investor attention and investment.\u00a0<\/span><span style=\"font-weight: 400\">Today August 16, Toincoin <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ton_blockchain\/status\/1691742716357464129?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\"><span style=\"font-weight: 400\">shared a post<\/span><\/a><span style=\"font-weight: 400\"> on X about its Indonesia event in Bali slated for August 23, inviting the crypto community to join.<\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Also, on August 14, Toincoin shared another update on expanding its ecosystem globally through the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ton_blockchain\/status\/1691102487619477507\"><span style=\"font-weight: 400\">X platform<\/span><\/a><span style=\"font-weight: 400\">. <\/span><span style=\"font-weight: 400\">Toincoin shared that it has taken another step to increase its global reach by launching the network\u2019s website in Ukraine.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This move shows the project\u2019s commitment to increasing the asset\u2019s adoption.\u00a0<\/span><span style=\"font-weight: 400\">Also, the team behind the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TON_SocietyEU\/status\/1691137825381429250\"><span style=\"font-weight: 400\">TON<\/span><\/a><span style=\"font-weight: 400\"> projects wants to discover how Web3 teams could easily sign documents in Telegram.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In its X post, the team behind TON wrote:<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">For those who will be in Lisbon this Thursday, August 17, TON Society Europe is kicking off its journey with an exciting offline event.<\/span><\/p>\n<\/blockquote>\n<figure style=\"width: 980px\" class=\"wp-caption aligncenter\"><figcaption class=\"wp-caption-text\">TON\u2019s price currently hovers at $1.4473 in the daily chart. | Source: TONUSD price chart from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/\">TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Earlier on August 11, the TON community, via its <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/NOWPayments_io\/status\/1689942726400495616\"><span style=\"font-weight: 400\">X handle<\/span><\/a><span style=\"font-weight: 400\">, shared a tweet from a known payment gateway for cryptocurrencies, NOWPayments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The report noted that the payment service had incorporated TON into its technology to enable a seamless non-fungible token checkout from different marketplaces.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This announcement triggered a rise in the market value of TON, verifiably from historical data on <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/UbXsBwCv\/?symbol=OKX%3ATONUSDT\"><span style=\"font-weight: 400\">TradingView<\/span><\/a><span style=\"font-weight: 400\">. From the data, the digital asset kick-started its bullish trend on the same day the news was announced.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">I<\/span><span style=\"font-weight: 400\">t recorded a price gain from $1.259 to $1.302, reflecting a positive price change of about 3.4% in 24 hours. <\/span><span style=\"font-weight: 400\">As the news spread, investors filled their portfolios with TON, despite the price decline of some other crypto assets.<\/span><\/p>\n<p>Related Reading: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/altcoin\/sei-into-top-100-post-debut-on-major-exchanges\/\">SEI Token Breaks Into Top 100 One-Day Post-Debut On Major Exchanges<\/a><\/p>\n<p><span style=\"font-weight: 400\">Toncoin entry into the NFT sector could have been the reason for the continued purchase of more TON tokens. <\/span><span style=\"font-weight: 400\">Investors are hopeful that the digital asset\u2019s value will appreciate in the future because of NFTs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">These new updates contributed to the positive market sentiment after the association with NOWPayments triggered the price gains.<\/span><\/p>\n<p>Featured image from Pixabay and chart from TradingView.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Toncoin (TON) has showcased healthy market status since the end of last week. According to historical data from TradingView, it witnessed a consecutive bullish trajectory from August 11, 2023, until today, August 16. The upward movement drew the attention of investors, resulting in a price increment of over 12% gain in the past seven days. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":138057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-138056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=138056"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138056\/revisions"}],"predecessor-version":[{"id":148219,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138056\/revisions\/148219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/138057"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=138056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=138056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=138056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}