The price of Toncoin ($TON) has surged over 20% in the past week, leading many in the crypto community to take a closer look at this blockchain project.
After a tough few weeks for $TON holders, the token has posted four bullish daily closes in a row, with the price now back at the $1.456 level.
Meanwhile, a project also gaining traction is yPredict ($YPRED), a crypto analytics platform that has now raised over $3.4 million in its presale.
Toncoin Technicals Flashing Bullish Signals to Produce Price Push
$TON’s recent rise has been welcomed by token holders, who have seen a lack of sustained upside since late January.
During that time, $TON’s value dropped 45%, bringing it back to the same level as in November 2022.
However, it now appears that $TON is gearing up for a reversal, with the price rejecting the support zone around $1.178.
This zone was briefly tapped with a long downside wick on July 10.
After returning to the support zone in early August, $TON has bounced upwards with conviction, gaining over 20% in the past seven days as bulls take control.
This price surge has also made Toncoin the 16th largest cryptocurrency globally, ahead of Avalanche and Chainlink, according to data from CoinMarketCap.
Renewed Attention on Toncoin as Fundamentals & Technicals Align
The recent price surge for Toncoin has sparked renewed interest in this layer-1 blockchain project.
While no clear catalysts are behind its latest bullish momentum, $TON’s technical setup appears favorable for further upside.
With a market cap of just under $5 billion, Toncoin offers an intriguing blockchain platform for developers focused on scalability and usability.
As more developers discover the capabilities and potential of the TON Network, the fundamental case for $TON will also strengthen.
This appears to be taking place, with data from CoinGecko showing that over $38 million worth of $TON traded hands in the past 24 hours – more than well-known names such as Algorand, VeChain, and Axie Infinity.
yPredict Also Bullish as Raises $3.4 Million Through Presale
Although Toncoin is one of the most talked-about projects in the crypto space at present, it’s not the only token gaining recognition.
Another venture that has attracted investor attention is yPredict ($YPRED), an all-in-one AI-powered ecosystem made for traders, developers, quants, and analysts.
yPredict provides users with AI-driven trading signals, market sentiment analysis, technical analysis, automatic chart pattern recognition, and more.
The platform want to be the go-to hub for traders seeking objective and actionable insights on crypto assets, allowing them to make more informed market decisions.
yPredict is currently in the presale phase for its native token, $YPRED – and has already raised over $3.4 million in funding.
Many early investors are choose to buy $YPRED tokens, given that holders benefit from exclusive access to yPredict’s AI tools and staking rewards of up to 45%.
This value proposition has helped fuel further hype around yPredict, evidenced by over 27,000 people participating in the project’s Telegram community.
Additionally, more than 20,000 people are on yPredict’s waiting list, indicating substantial interest in this promising new AI-powered analytics platform.
With the popularity of AI coins continuing to rise, yPredict seems well-positioned to become a one of revolutionary force in the world of AI-driven crypto insights and predictions.
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