The Toncoin Price Pumps 13% In A Week, But Analysts Say Consider This New Meme Coin For Exponential Gains

The Toncoin value soared 5% within the final 24 hours and 13% in every week to commerce at $6.66 as of 02:29 a.m. EST on buying and selling quantity that dropped 24% to $469 million.

This comes as Binance introduced the itemizing of recent TON spot buying and selling pairs on Aug. 8, because the decentralized and open L1 blockchain, created by the group utilizing expertise designed by Telegram, continues to realize traction.

Toncoin Value To Proceed Surging

The Toncoin value dropped initially of August from $6.79 to search out assist at round $5.2, in line with knowledge from GeckoTerminal.

Bulls then pushed the token again to the $6.79 resistance, forming a rounding backside sample. Nevertheless, the Toncoin value invalidated the bullish prospects of the rounding backside, because it dropped again to $6.0, finishing a cup and deal with sample.

TON value bulls purpose for a rally as merchants capitalize on the sample to stage a bullish pattern over the deal with. The value of Toncoin now trades above the 50 Easy Shifting Common (SMA) on the 4-hour chart, as bulls wrestle to push the value above the 200 SMA at $6.69.

Furthermore, the Relative Power Index (RSI) can also be hovering in the direction of the 70-overbought area, at present at 61, as shopping for exercise intensifies.

The Shifting Common Convergence Divergence (MACD) additionally helps the bullish prospects, because it trades above the zero line. Additionally, the blue MACD line crossed above the orange sign line just lately.

If bulls capitalize on the cup and deal with sample, along with the RSI and MACD, the value of Toncoin might soar. Merchants will probably goal $8 on this state of affairs.

Nevertheless, bears taking management of the value at this stage might end in a retracement again to the aforementioned $6 assist stage, which is a cushion in opposition to downward stress.

Because the Toncoin value soars, traders are shopping for the brand new Olympic-themed meme coin, The Meme Video games ($MGMES), because it garners over $364K in its ongoing presale.

In accordance with Jacob Bury, a well-liked crypto analyst on YouTube, $MGMES has the potential to surge 10X after its launch.

The Meme Video games Presale Amasses Over $364K

The Meme Video games is a brand new meme coin venture that has emerged with a novel P2E ecosystem. It entails a gamified presale and provides an opportunity to work together with the Olympics in an entire new approach.

CRYPTO BREAKING NEWS
The Meme Video games raises over $100K on opening day of presale. The Meme Video games presale raises over $100K in its first 24 hours, capturing consideration within the booming memecoin sector. #partnercontent test us out @ https://t.co/8dh137buUp pic.twitter.com/YwzyP2glE4

— InnovatekMobile (@Neome_com) July 17, 2024

The venture brings in an exhilarating fusion of the aggressive spirit of the Olympics and the colourful, fun-filled ecosystem of meme cash. Right here, traders assist a meme character of their selection, which can act as an athlete competing within the blockchain model of the Olympics. If traders’ picks win, they earn a 25% bonus.

Members can select between Dogecoin, Pepe, DogWifHat, Brett, or Turbo and watch them compete for gold medals. Every token buy lets patrons select a meme athlete who may win further tokens.

As a token holder, you may earn passively via the venture’s staking mechanism as nicely. All it’s a must to do is purchase and stake $MGMES for an annual share yield (APY) of 567%.

You should purchase $MGMES tokens now for $0.00925 every. With a value hike coming in about 5 days, purchase quickly to lock in the most effective deal.

Buy $MGMES from the official web site right here utilizing ETH, BNB, USDT, or a financial institution card. 

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