TON Surges 7% As This 2.0 Crypto Offers The Last Chance To Buy If You Missed Its 100X in 2023

The Toncoin value jumped 7% within the final 24 hours to commerce at $6.08 as of 4 a.m. EST on buying and selling quantity that surged 27% to $199.3 million.

Toncoin value surged initially of the month because the challenge concluded the Open League Season 1 — a long-term incentive program designed to convey rewards to TON customers, tasks, groups, and merchants.

The challenge famous in a publish on X that Season 1 introduced “an absolute insanity” when it comes to progress for the ecosystem, enabling TON to hit new ATHs, distribute $9 million in TON and ecosystem token airdrops, and see 894k individuals be a part of the occasion.

𝐖𝐡𝐚𝐭’𝐬 𝐠𝐨𝐨𝐝 𝐂𝐡𝐚𝐝𝐬?! 𝐓𝐡𝐞 𝐎𝐩𝐞𝐧 𝐋𝐞𝐚𝐠𝐮𝐞 𝐒𝐞𝐚𝐬𝐨𝐧 𝟏 𝐢𝐬 𝐨𝐟𝐟𝐢𝐜𝐢𝐚𝐥𝐥𝐲 𝐨𝐯𝐞𝐫 😎💎

Season 1 has been an absolute insanity when it comes to progress for #TON Ecosystem.

– New ATHs throughout each sectors
– $9M in $TON and ecosystem token airdrops
– 894k… pic.twitter.com/w7sdB0RbXz

— TON 💎 (@ton_blockchain) May 4, 2024

Greater than that, TON additionally introduced the beginning of the Open League Season 2, which can proceed to distribute the $150 million prize pool to the TON group. Nevertheless, it additionally warned that this time, the occasion would solely final for 2 weeks, and it had already began on Might 1.

9/ What’s subsequent?!

The Open League Season 2 has already began! We proceed to distribute the $150M+ prize pool to #TON Group!

However this time you solely obtained 2 Weeks 🤫

Be a part of -> Study -> Compete -> Win prizeshttps://t.co/kUqfjitRhb

— TON 💎 (@ton_blockchain) May 4, 2024

The frenzy to affix is probably going what precipitated the token’s value to skyrocket, and whereas it’s nonetheless removed from its ATH, seen in early April, its value surged to $6.20 earlier, displaying nice curiosity amongst group members.

Toncoin Worth Prediction

Whereas the Toncoin value surged within the final 24 hours, merchants are questioning how excessive the worth can climb earlier than the inevitable correction takes place. To attempt to decide this, many have began contemplating technical indicators, such because the challenge’s Bollinger bands.

Proper now, the bands are seeing additional widening regardless of already being fairly large to start with, which is a bullish sign, indicating that the worth may proceed to climb. Nevertheless, this sign can also be in distinction with the challenge’s Relative Energy Index (RSI).

Proper now, the TON token’s RSI has ventured deeply into the overbought territory, which is normally when merchants begin promoting. The RSI rating reveals whether or not the merchants are shopping for, promoting, or managing to stability the 2 actions, by which case the worth tends to be largely impartial.

Nevertheless, the impartial worth is at 50, whereas the present RSI worth sits at 74.28, suggesting that the bulls are driving the worth via extreme purchases. The issue is that many merchants are likely to take revenue as soon as RSI climbs this excessive, which pushes the worth again down.

On the plus facet, the broader market is seeing its personal bullish surge, and most cryptos at the moment are buying and selling within the inexperienced, which may proceed to push TON additional up regardless that RSI worth means that it’s time to begin promoting.

By way of value, the token may return to its resistance at $6.20 and breach it this time, which might permit it a chance to maintain going up towards its all-time excessive, presently at $7.65 as of April 11.

Alternatively, if the bearish market takes over, TON may drop again all the way down to a assist at $6, or doubtlessly to $5.90.

Promising Various to Toncoin

As Toncoin could be reaching its restrict, merchants interested by different tasks with nice potential may contemplate Sponge V2 (SPONGE). Because the title suggests, this can be a new model of the SPONGE token, which noticed a 100x pump after initially launching in 2023.

This challenge is predicated on SpongeBob SquarePants memes, and as such, it has nothing to do with the precise SpongeBob model or Nickelodeon. It was impressed by the memes and when it first launched, it noticed nice success. Then, its builders determined to discontinue the unique and create a V2, making it even larger and higher within the course of, which led to the creation of Sponge V2.

All the unique SPONGE tokens had been bridged to V2, and the challenge additionally permits customers to stake their cryptos and earn 163% in rewards.

Stake your $SPONGE, or else… 🧽#SpongeV2 #MemeCoin #Halving pic.twitter.com/VAmdiLKHZ7

— $SPONGE (@spongeoneth) April 12, 2024

To date, V2 has seen large success for many who purchased early, because the V1 launch value was $0.000025, and proper now, the token’s value is $0.001705, which means that the worth is 6,820% larger than when V1 launched.

In the meantime, the entire quantity bridged and staked sits at $19.4 million. However, even those that didn’t purchase V1 can nonetheless purchase and stake SPONGE tokens.

The challenge lets customers purchase SPONGE with ETH, USDT, MATIC, or credit score/debit playing cards on its web site. The token will quickly see listings on exchanges, so that is the final time to purchase earlier than a brand new potential pump that would take SPONGE larger than ever earlier than.

Go to the SPONGE web site right here.

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