Will Telegram’s New ‘Gift’ Feature Drive Toncoin Price for $8 Breakout?

Quick Summary:

The bearish momentum heading for a $5 breakdown can be attributed to geopolitical tension in the Middle East or a looming death crossover between key EMAs.

Toncoin price struggled during the low-volatility weekend, posting a 3.2% decline over the last 24 hours.

This increase signals the investors’ locking of their assets in TON’s decentralized Finance (DeFi) protocol as a sign of confidence in its robust network.

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: IndiaIsrael

Topics: Price Analysis TON Toncoin (TON)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-06 @ 12:01:31 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 377 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22908627

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 5 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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