$1 Billion Stablecoin on TON Readies Toncoin Price for Possible $8 Return

BE[IN]CRYPTO09-17

Toncoin could see a significant price boost following the $1 billion USDT milestone on the TON network. Dormant coins have remained stagnant, suggesting that the rally might not be quick but prolonged...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$1 Billion Stablecoin on TON Readies Toncoin Price for Possible $8 Return\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-17 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/toncoin-price-to-gain-from-stablecoin-influx/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Toncoin could see a significant price boost following the $1 billion USDT milestone on the TON network.\nDormant coins have remained stagnant, suggesting that the rally might not be quick but prolonged...</p>\n\n<a href=\"https://beincrypto.com/toncoin-price-to-gain-from-stablecoin-influx/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MDIA","symbol_name":"Mediaco Holding Inc.","start_time":0,"source_url":"https://beincrypto.com/toncoin-price-to-gain-from-stablecoin-influx/","article_id":"2468582678","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/04/bic_TON_Toncoin-covers_positive-850x478.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468582678","pubTimestamp":1726502400,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Toncoin could see a significant price boost following the $1 billion USDT milestone on the TON network.Dormant coins have remained stagnant, suggesting that the rally might not be quick but prolonged.With support at $5.20, TON could potentially climb back to its all-time high of $8 if it surpasses $6.Toncoin  and The Open Network blockchain are back in the spotlight, this time for positive reasons unrelated to an outage or price correction.On Sunday, September 15, the value of the USDT stablecoin issued on TON surpassed $1 billion for the first time. While Toncoin’s price has yet to respond to this development, the increased liquidity could serve as a catalyst for the cryptocurrency to reach new highs. This analysis explores how the surge in liquidity might boost TON’s market performance.According to Token Terminal, the USDT issued by Tether on TON was under $800 million on August 31. The surge to $1.03 billion as of now signals growing interest in Toncoin.On the contrary, a reversal m","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MDIA":"Mediaco Holding Inc.","BK4125":"广播"},"translate_title":"每吨价值10亿美元的稳定币为Toncoin价格可能带来8美元的回报做好了准备","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MDIA":1},"content_text":"Toncoin could see a significant price boost following the $1 billion USDT milestone on the TON network.\nDormant coins have remained stagnant, suggesting that the rally might not be quick but prolonged.\nWith support at $5.20, TON could potentially climb back to its all-time high of $8 if it surpasses $6.\n\nToncoin (TON) and The Open Network blockchain are back in the spotlight, this time for positive reasons unrelated to an outage or price correction.\nOn Sunday, September 15, the value of the USDT stablecoin issued on TON surpassed $1 billion for the first time. While Toncoin’s price has yet to respond to this development, the increased liquidity could serve as a catalyst for the cryptocurrency to reach new highs. This analysis explores how the surge in liquidity might boost TON’s market performance.\nToncoin Attracts More Liquidity\nAccording to Token Terminal, the USDT issued by Tether on TON was under $800 million on August 31. The surge to $1.03 billion as of now signals growing interest in Toncoin.\nBeInCrypto’s findings suggest that this influx of capital into the ecosystem could provide a boost to the Telegram-native cryptocurrency. Increased stablecoin volume could lead to higher user engagement on TON, and as user activity rises, demand for Toncoin could follow, potentially driving its price up.\nThis milestone might even give the altcoin a chance to push back toward its all-time high of $8.24.\nRead more: 10 Best Altcoin Exchanges In 2024\nUSDT Issued on TON. Source: Token Terminal\nCurrently, Toncoin is priced at $5.55, down 32% from its June peak. However, on-chain data from Santiment shows a notable rise in the Mean Dollar Invested Age (MDIA), a time-weighted metric that tracks the average age of each dollar invested in a coin.\nA declining MDIA often signals that dormant addresses are becoming active and moving large amounts, typically supporting a short-term price upswing. However, the recent surge in MDIA indicates investments are becoming more stagnant, which could hinder Toncoin’s short-term price growth. Despite this, Toncoin has a strong chance of seeing a significant rally in the mid-term.\nToncoin Mean Dollar Invested Age. Source: Santiment\nTON Price Prediction: Time to Retest June Peaks\nOn the daily chart, BeInCrypto noted that Toncoin has strong support at $5.20, which helped push the token’s price above the 20-day Exponential Moving Average (EMA). The EMA measures trend direction, and when the price rises above it, it signals a bullish trend. Historically, this setup played a key role in Toncoin’s run above $8 in June.\nCurrently, Toncoin faces resistance at $6, a key supply zone. However, if demand continues to grow, TON could surpass this level, potentially rallying to $8.32 by the fourth quarter of this year.\nRead more: 6 Best Toncoin (TON) Wallets in 2024\nToncoin Daily Analysis. Source: TradingView \nOn the contrary, a reversal might occur if TON fails to breach $6. In that scenario, the price might tumble to $5.09.\n\n\n\n\nBest crypto platforms in Europe | September 2024\n\n\n\nYouHodler\nExplore\n\n\n\n\n\n\nWirex App\nExplore\n\n\n\n\n\n\nM2\nExplore\n\n\n\n\n\n\nCoinbase\nExplore\n\n\n\n\n\n\nBYDFi\nExplore\n\n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | September 2024\n\n\nYouHodler\n\n\n\n\n\n\n\n\nWirex App\n\n\n\n\n\n\n\n\nM2\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nBYDFi","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468582678"}