TON, the native cryptocurrency of the Toncoin network<\/a>, has been trading sideways for over a week amid the pre-halving consolidation in the market. While the formation of the short body candles with high weeks reflects no initiation from buyers or sellers, a long-coming support trendline assures the mid-term trend remains bullish on Toncoin. Moreover, the recent integration of the USDT stablecoin within Telegram, a messaging platform connected to the TON Foundation, signals a potential for Toncoin\u2019s market valuation to experience a resurgence.<\/span><\/p>\n Also Read: Crypto Price Prediction 4\/19 As Bitcoin Hints Bottom Formation at $60K<\/a><\/p>\n <\/p>\n In a significant announcement made at the Token2049 event in Dubai, the TON<\/a> Foundation unveiled a new partnership with Tether. This collaboration brings the popular stablecoin, USDT, to the TON blockchain.<\/span><\/p>\n <\/p>\n Ton Blockchain\u2019s official announcement on X indicates that \u201cThis initiative is set to transform global peer-to-peer payments, allowing Telegram\u2019s users to send transfers freely and instantly between all Telegram users; all you need to do is send a DM, no need for a blockchain address, and no need to download a new app.\u201d<\/span><\/p>\n 7\/ The launch of USDt on #TON<\/a> represents a step towards integrating digital currencies into everyday life, providing 900M users with a seamless and integrated financial service within TON\u2019s Web3 ecosystem in Telegram.https:\/\/t.co\/s3uLPhqSBJ<\/a><\/p>\n \u2014 TON \ud83d\udc8e (@ton_blockchain) April 19, 2024<\/a><\/p>\n<\/blockquote>\n Adding a stable currency to the ecosystem will potentially enhance TON\u2019s utility and appeal to users, thus causing a natural growth in its native token.<\/span><\/p>\n<\/blockquote>\n The Toncoin price<\/a> currently trades at $6.495 and witnesses an aggressive overhead supply at $7, evidenced by long-wick rejection candles in the daily chart. If the selling pressure persists, the TON price may plunge 8% by the next week to retest the ascending trendline around $5.88.<\/span><\/p>\n <\/p>\n The dynamic support intact for over two months has provided buyers with suitable accumulation points during the market correction. Along with the aforementioned partnership, and the upcoming Bitcoin halving<\/a> anticipated to trigger a positive market outcome, the TON price is well-positioned for a bullish reversal.<\/span><\/p>\n The post-correction rally rebound from the trendline could surpass the $7.65 high and chase the $10 psychological level.<\/span><\/p>\n <\/p>\n Related Articles<\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\nTelegram Users Can Now Send USDT with a DM<\/b><\/h2>\n
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Toncoin Price Hints Minor Pullback Before a Rally to $10<\/strong><\/h2>\n
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Technical Indicator\u00a0<\/b><\/h2>\n
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