As the Open Network’s native Toncoin (TON) leaps up +7%, can price action secure a foothold above the 20DMA – find out in TON price analysis.
Touted as the only Web3 infrastructure integrated and promoted by the popular Telegram messaging app, Toncoin has recently enjoyed a boost in fundamental headwinds from its latest integration with Blockchain.com.
With TON now supported for buying, selling, swapping and storing in the Blockchain.com wallet, this new move connects Toncoin with $165,307 in 24-hour spot trading volume.
TON Price Analysis: Is it Too Late to Buy Toncoin as TON Fights For Foothold Above 20DMA
As price pushes up above the 20DMA, Toncoin (TON) is currently trading at a market price of $2.05 (representing a 24-hour change of -2.06%).
This comes as price finds double-bottomed support around the $1.90 support level, following localised retracement, in a move which has poised price action to push high once more.
Toncoin has been on the rise since news of the Telegram integration triggered a major +57.33% rally leg on September 12.
This impressive upside movement triggered a ‘golden cross’ pattern on September 15, as price hammered up to the upper trendline.
Now, in a battle with the 20DMA – footing here could once again trigger a return to testing at upper trendline resistance.
Indeed, looking at the RSI which currently stands at 52.03 – a bounce could be likely here, with the RSI sat at similar level to the major bounce on September 12.
This bullish sentiment is reflected in the MACD which currently stands at 0.0497.
Overall, Toncoin looks strong here with growing support above the 20DMA coming after double-bottomed support at $1.90.
To the upside Toncoin has a target at $2.56 (a potential +25.66%).
While downside could see Toncoin fall to $1.99 (a possible -2.32%).
This leaves Toncoin with a risk: reward ratio of 11.08 – a phenomenal entry characterised by as much as 10 times more reward than risk.
In other news, an emerging Telegram casino project has captivated the attention of GambleFi investors.
Meet TG Casino: Fastest Growing GambleFi Crypto Presale Hits $475k
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $421k raised in just days, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
The TG Casino Presale: Hype and Beyond
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 3,446%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 3,446% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
Buy $TGC Here
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.
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