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Toncoin (TON) is on a bullish rebound as it moves very close to the $7 mark, a technical and psychological significant level. TON’s recent rally has been attributed to the overall bustling crypto market and growing interest in altcoins. Currently trading at $6.87, TON—the native currency of the Open Network—stands as the 14th largest cryptocurrency by market cap.
Meanwhile, the rising altcoin JetBolt (JBOLT) is rapidly drawing crypto enthusiasts with its zero-gas technology and other blockchain innovations. Since its launch, JetBolt’s red-hot presale has already surpassed 100 million tokens sold.
As the market grows, could TON push further to hit $10? Is JetBolt on a seemingly unstoppable climb to success? Let’s dive into the exciting developments surrounding both tokens.
Toncoin: Could TON hit $10 before the year 2024 ends?
Toncoin (TON) has been on a downtrend since September. Like many other cryptocurrencies, TON appears to have benefited from the bullish trend sparked by Donald Trump’s win, which has since kept the crypto economy vibrant and growing.
According to analysts, TON’s recent rally resulted in a “golden cross”, in which the 20-day EMA crossed above the 200-day EMA. Historically, this indicates a potential long-term upswing. After seeing some bullish sentiment, it seems TON now enjoys a comfortable position above its 20, 50 and 200-day EMAs.
Month-long Price chart of Toncoin as per data from Coingecko website
The next milestone for TON to achieve would be seeing its 50-day EMA cross the 200-day EMA. A successful crossover might pave the way for a next-wave rally, with major resistance levels at $6.80 and $7.60.
Toncoin’s Relative Strength Index (RSI) stands at 68.8 as of writing, which indicates TON is nearing the overbought region. Any drop below 70 could signal a period of consolidation or modest retreat before the next potential upswing.
An analyst with the pseudonym Darkfrost has cited a “90-day percent return” as a relevant metric for TON. This metric measures the percentage change in an asset’s price over the past 90 days, tracking the cryptocurrency’s performance during that period and offering insights into its short-term trend and momentum. Darkfrost suggested that TON’s 90-day percent return is positive, reflecting a growing confidence among investors willing to hold their assets in anticipation of a higher price.
TON is still up by 18% over the past week. In a separate bullish forecast, analyst Ramseycrypto predicted that TON could climb towards $10, while others have boldly predicted a price range between $12 to $15, citing a wave 5 for TON.
JetBolt: Riding the wave of Web3 success with zero-gas technology
While Toncoin maps out a strategy to hit $10, a rising altcoin continues to gain traction in the crypto scene with its cutting-edge technologies and blockchain innovations: JetBolt (JBOLT).
JetBolt’s breakthrough zero-gas technology allows users to carry out transactions without paying gas fees. With this feature, JetBolt provides practical benefits to everyday users while also offering developers the opportunity to undertake the creation of decentralized applications (dApps) without being burdened by hefty gas costs.
Furthermore, JetBolt’s user-centric Web3 wallet has advanced integrations like the WebAuthN protocol and face ID recognition. Now, both new and experienced blockchain enthusiasts can easily access and manage their JBOLT tokens.
JetBolt also infuses a unique social twist to its staking system, allowing users to boost their rewards by staking while interacting with friends on the platform. This enriches the activity by making it a fun, rewarding, and community-shared experience.
Excitement awaits JetBolt’s presale participants as early adopters are rewarded with wonderful perks. Token buyers can receive up to 25% extra tokens through Jetbolt’s special Alpha Boxes or JBOLT tokens in batches.
These next-gen blockchain solutions are enhancing user experiences, setting JetBolt apart and making it one of the more exciting new tokens to watch.
Summary: Toncoin to hit $10 as the market grows amid JetBolt’s rising success
As Toncoin aims to hit $10, key resistance levels and challenging market dynamics stand in its way. While the market growth could provide ripples of opportunity, TON’s journey to $10 remains yet a long and uncertain climb. Meanwhile, for rising altcoin JetBolt, its zero-gas technology and other pro-user Web3 features continue to fuel its presale surge. This suite of groundbreaking attributes positions JetBolt as one of the best altcoins to watch.
Discover more about JetBolt’s presale and features by visiting the links below:
Official Website: https://jetbolt.io/
X (formerly Twitter): https://x.com/jetboltofficial
Telegram Channel: https://t.me/jetboltcoin
This article is not financial or trading advice. All cryptocurrencies, including those listed are volatile and risky. Conduct research before making crypto-related decisions and always trade responsibly.
*This article was paid for. Cryptonomist did not write the article or test the platform.
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