Toncoin Price Prediction: The TON Network Comes To A Standstill As This Layer-2 PEPE Races Towards $11 Million

The Toncoin value dropped over 1% within the final 24 hours to commerce at $5.319 as of 03:34 a.m. EST on buying and selling quantity that plunged 26% to $928 million.

This comes as The Open Community (TON) protocol failed to provide a block on Wednesday morning. It is a concern, as a blockchain not producing blocks for an prolonged interval might disrupt community stability, resulting in safety dangers and transaction delays.

A latest airdrop of the DOGS meme coin might need been the reason for the standstill, because it triggered a surge in transactions. The community struggled to catch as much as meet the elevated demand.

Toncoin Value Bearish, Bulls Goal For A Rebound

In accordance with information from GeckoTerminal, the Toncoin value has been on a downtrend within the final 4 days, as TON traded inside a falling channel sample.

TON nonetheless trades beneath each the 50 and 200 Easy Transferring Averages (SMAs) on the 4-hour chart, affirming the present bearish pattern.

Furthermore, the Relative Power Index (RSI) trades inside the 30-oversold degree, exhibiting that the asset is undervalued.

With the token being undervalued, traders might take this as a shopping for sign, which might propel the value of Toncoin to the upside, as bulls goal $6.7.

The Transferring Common Convergence Divergence (MACD) helps the bullish pattern, because the blue MACD line crossed above the orange sign line to kind a bullish crossover.

If bears take management of the value at this degree, TON might plunge additional again to the $5.0 assist.

In the meantime, because the Toncoin value goals for a rebound, traders are speeding to purchase the brand new PEPE different Pepe Unchained (PEPU), because it garners over $10.9 million in its ongoing presale and closes in on the $11 million mark.

99Bitcoins, a outstanding crypto channel on YouTube, has reviewed the token and says PEPU is without doubt one of the finest cryptos to purchase now. It provides that it might probably soar to 100X after its launch.

Pepe Unchained Presale Blasts Previous $10.9 Million

Pepe Unchained goals to comply with within the footsteps of PEPE, which continues to rule the charts. 

Nevertheless, PEPE is constructed on the Ethereum blockchain, which is generally handicapped by community delays and rising gasoline charges.

Pepe Unchained (PEPU) stands out from different meme cash on account of its native layer-2 chain constructed on high of Ethereum’s community. This transfer not solely liberates it from Ethereum’s limitations but additionally brings unprecedented velocity, scalability, and considerably decrease charges.

Who wants some Mind Powder?

Pepe is gearing up for the official launch of his very personal blockchain! 🚀 pic.twitter.com/kZC72UmxFy

— Pepe Unchained (@pepe_unchained) June 20, 2024

Therefore, two fundamental causes now draw traders to PEPU: it’s the primary layer-2 meme coin and its native chain will make proudly owning a Pepe token less expensive and quicker.

Token holders may earn passively by way of the platform’s staking system, which gives an annual share yield (APY) of 184%.

You should purchase PEPU tokens for $0.0093477 every. With a value hike coming in lower than a day, purchase quickly to lock in the perfect deal.

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

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