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Toncoin (TON), the native cryptocurrency of the TON blockchain, has been the subject of much speculation as investors and traders eagerly await the weekend’s price action. Many are wondering if TON can break through the $8 barrier in the coming days. Cryptocurrency experts at Changelly have weighed in on the matter, providing their forecast for the TON price for the weekend. Also read: Cryptocurrency: 3 Coins To Buy Now Before Ethereum Hits $5,000 Expert Predictions: Minimum, Maximum, and Average Prices According to Changelly’s Analysis , the minimum trading cost for TON this weekend might be $7.2, while the maximum could reach $8.9. This forecast suggests that Toncoin may experience a range-bound trading period, with the potential for some volatility. Interestingly, the experts predict that the average value of TON Token might be around $8.2 during this period. This average price sits comfortably above the current trading price of $7.50. It is important to ...

After forcing advertisers to pay for Telegram broadcast channel advertisements in TON token, Telegram admitted the obvious: Ad payments would quickly account for far more than 10% of the TON supply at Telegram itself. To avoid appearing too centralized, CEO Pavel Durov announced plans to sell Telegram’s TON holdings at below-market prices. He is soliciting investors interested in bidding over $1 million for off-market transactions. Naturally, Durov restated Telegram’s intent to sell TON below current prices as a positive development, emphasizing the supposedly decentralizing effect these sales would have on the TON blockchain network. “Thanks to the participation of more long-term holders, TON will remain stable and decentralized ,” he posted optimistically to his followers. Telegram’s TON network suffers from its ‘success,’ scales down to 1TPS Sharing ad revenue with creators Moreover, Telegram offset the otherwise bearish news of these token sales with an ad revenue-sh...

Bitcoin and select altcoins are showing strength, a possible sign that the bull trend has resumed. Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy as they shake out the weak hands and allow the stronger hands to add to their positions.  A note of caution to the eager dip buyers is that Glassnode data shows the number of whale wallets with more than $1,000 Bitcoin dropped to its lowest level in about a month. This indicates that some whales may have sold into the recent strength. Daily cryptocurrency market performance. Source: Coin360 DecenTrader co-founder Filbfilb said in an interview with Cointelegraph that a drawdown could come before the rally leading into Bitcoin halving in April 2024. Filbfilb believes Bitcoin could pick up pace after that and reach $46,000 to $48,000 by halving. Could Bitcoin and the select altcoins resume their uptrend, or will higher l...

Bitcoin and select major altcoins are under pressure as the September Producer Price Index report shows wholesale inflation surged to 0.5%, exceeding the markets' expectation. Buyers are finding it difficult to maintain Bitcoin (BTC) price above $27,000. The selling increased after the September producer price index rose 0.5% for the month versus expectations for a 0.3% increase. This shows that the inflation pressures are unlikely to ease in a hurry for the United States economy. The uncertain near-term environment has shifted analysts’ focus to November and the upcoming halving event expected in April 2024. Crypto analyst Miles Deutscher cited a chart from CryptoCon and said that if history repeats itself, then Bitcoin may turn up by November 21 and start its journey higher to the next halving. Daily cryptocurrency market performance. Source: Coin360 Going further ahead to 2026, BitMEX founder Arthur Hayes is even more bullish. While speaking as a guest on Impact Theory with Tom...