Toncoin Price Analysis: Telegram Token TON Stands Strong Despite Market Downturn as Viral Learn-2-Earn Project Crushes $2.1M

A snapshot TON price analysis reveals that Toncoin is rallying, buoyed by rising Telegram activity and trading volume. This comes as the viral 99Bitcoins presale raises over $2.1M – here’s why.

It is beyond doubt that cracks are forming in crypto—but not in Toncoin. In 24 hours, the market lost over $640 billion, as the market cap contracted from $2.5 trillion.

There could be more pain ahead, especially now the United States Federal Reserve has stated its monetary policy for this year. They will slash interest rates only once this year, not twice as expected.

If anything, this is quite bearish for Bitcoin. Most altcoins are deep in red, with the world’s most valuable coin bleeding.

(CMC)

BNB, Solana, Dogecoin, and Avalanche are all down double digits. The slide could just be getting started, especially after the recent leg-up.

TON Price Analysis: Leading Telegram Token Toncoin Is Defying Gravity

However, Toncoin is quite impressive in charting a different course.

New ATH + Ascending Triangle breakout on $TON.

I think $TON will become the new $SOL, in terms of gains potential. pic.twitter.com/cki1Cjfqte

— ImNotTheWolf (@ImNotTheWolf) June 14, 2024

CoinMarketCap data shows that TON is the only coin in the top 10 printing green on the last day and week.

Of note, behind TON’s upsurge is a shift in social media and trading volume. To quantify, the social media and volume metrics are all at a three-month high.

From a sentiment perspective, TON is the talk of town, and traders are bullish. Mid this week, the number of active addresses on Toncoin surpassed those of Ethereum.

TON surpasses Ethereum in daily active addresses! 🚀 pic.twitter.com/ziSzuELBLW

— TON Coin (@toncoin) June 11, 2024

As TON price breaks higher, printing new Q2 2024 highs, bulls are readjusting their targets to $10.

(TONUSDT)

DISCOVER: The Best Altcoins to Buy in Q2’s Pre-Bull Run Dip

Don’t Miss: As 99Bitcoins Presale Raises Over $2.1 Million

While Toncoin grabs headlines, 99Bitcoins (99BTC) is generating buzz. Weeks after launching its 99BTC presale, the project has raised more than $2.1 million.

Each 99BTC token is available for just $0.00109 – a steal ahead of a highly anticipated DEX launch.

There are several reasons why 99BTC is bucking the trend and emerging as one of the top altcoins to watch in June 2024.

99Bitcoins was among the first crypto news and educational platforms. However, they are changing, and with the planned relaunch, 99Bitcoins will continue in their quest to educate the masses about crypto.

Only this time, those who want to learn will receive rewards. 99Bitcoin is integrating a “Learn-to-Earn” model, distributing 99BTC tokens whenever learners complete educational courses and quizzes on blockchain topics.

It doesn’t end there.

99BTC tokens will first launch on Ethereum, complying with the ERC-20 standard. Later, it will be deployed to Bitcoin, adopting the BRC-20 standard.

Those who own the token can choose to stake, earning a yield of 777%.

As expected, over 1.4 billion 99BTC have been staked as of mid-June.

99BTC also offers holders access to exclusive training courses, insider trading signals, and elite community groups.

Other bold plans 99Bitcoins plans to implement in the coming months include launching a DEX and eventually listing on top DEXes like Binance.

For added security, the 99Bitcoins smart contract has been thoroughly audited by SolidProof, a reputable blockchain security firm.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.